Increase in Net Assets and Higher Equity Ratio
First written in FY2017-Q3. 7 of 34 entries say "Worsened", first in FY2020. Latest entry: 2026-08-07.
Nishimatsu Construction moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 4 of 17 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- 2026-08-07MitigatedEarnings
「この結果、自己 資本比率は前連結会計年度末と比較して1.1ポイント増加し、29.5％となりました。」
自己資本比率は2026年3月末の28.4％から29.5％へ上昇した。 - FY2026WorsenedAnnual report
「The equity ratio decreased by 0.7 percentage points from the end of the previous consolidated fiscal year to 28.4%, as assets increased due to a temporary sharp increase in notes receivable and accounts receivable for completed construction contracts, among other items.」
While net assets increased, the equity ratio declined from 29.1% to 28.4% due to an increase in receivables and other items. - FY2026-H1WorsenedAnnual report
「Net assets increased by ¥4,036 million, or 2.2%, from the end of the previous consolidated fiscal year to ¥185,226 million, mainly due to an increase in the valuation difference on other securities. As a result, the equity ratio decreased by 0.4 percentage points from the end of the previous consolidated fiscal year to 28.7%.」
Net assets increased to ¥185,226 million, while the equity ratio declined from 29.1% at the end of the previous fiscal year to 28.7% due to increases in interest-bearing debt and deposits received. - FY2025-H1Updated financial position for the interim periodAnnual report
「Net assets decreased by ¥652 million, or 0.4%, from the end of the previous consolidated fiscal year to ¥176,204 million, mainly due to a decrease in valuation differences on other securities. As a result, the equity ratio remained unchanged from the end of the previous consolidated fiscal year at 29.1%.」
Net assets decreased by ¥652 million from the end of the previous fiscal year, while the equity ratio remained at the same level as at the end of the previous fiscal year, at 29.1%. - FY2024Updated financial position for the fiscal yearAnnual report
「Net assets increased by ¥20,708 million, or 13.3%, from the end of the previous consolidated fiscal year to ¥176,856 million due to increases in valuation differences on other securities and retained earnings, among other factors. As a result, the equity ratio increased by 0.1 percentage points from the end of the previous consolidated fiscal year to 29.1%.」
Net assets increased to ¥176,856 million, and the equity ratio edged up from 29.0% to 29.1%. Interest-bearing debt was ¥186,100 million and the D/E ratio was 1.1 times. - FY2024-Q3WorsenedAnnual report
「Net assets increased by ¥11,908 million, or 7.6%, from the end of the previous consolidated fiscal year to ¥168,056 million due to increases in valuation differences on other securities and retained earnings. As a result, the equity ratio decreased by 2.5 percentage points from the end of the previous consolidated fiscal year to 26.5%.」
While net assets increased, the equity ratio fell from 29.0% to 26.5% due to increases in liabilities, including commercial paper and long-term borrowings. - FY2024-Q2Updated financial position for the second quarterAnnual report
「Net assets increased by ¥10,329 million, or 6.6%, from the end of the previous consolidated fiscal year to ¥166,477 million due to increases in valuation differences on other securities and retained earnings. As a result, the equity ratio increased by 0.2 percentage points from the end of the previous consolidated fiscal year to 29.2%.」
Net assets increased by 6.6% from the end of the previous fiscal year, and the equity ratio rose by 0.2 percentage points from 29.0% to 29.2%. - FY2024-Q1WorsenedAnnual report
「Net assets increased by ¥879 million, or 0.6%, from the end of the previous consolidated fiscal year to ¥157,027 million, as the increase in valuation differences on other securities outweighed the decrease in retained earnings due to dividend payments. As a result, the equity ratio decreased by 0.4 percentage points from the end of the previous consolidated fiscal year to 28.6%.」
While net assets increased, the equity ratio fell from 29.0% at the end of the previous fiscal year to 28.6%. - FY2023WorsenedAnnual report
「Net assets decreased by ¥1,567 million, or 1.0%, from the end of the previous consolidated fiscal year to ¥156,148 million, mainly due to a decrease in valuation differences on other securities. As a result, the equity ratio decreased by 2.7 percentage points from the end of the previous consolidated fiscal year to 29.0%.」
The equity ratio fell from 31.7% to 29.0%. Interest-bearing debt was ¥168,300 million and the D/E ratio was 1.1 times. - FY2023-Q3Updated financial position for the third quarterAnnual report
「Net assets decreased by ¥314 million, or 0.2%, from the end of the previous consolidated fiscal year to ¥157,401 million, mainly because retained earnings decreased due to dividend payments despite the recognition of quarterly net income attributable to owners of the parent. As a result, the equity ratio decreased by 3.1 percentage points from the end of the previous consolidated fiscal year to 28.6%.」
Net assets decreased by 0.2% from the end of the previous fiscal year to ¥157,401 million, while the equity ratio decreased by 3.1 percentage points to 28.6%. - FY2023-Q2Updated financial position for the second quarterAnnual report
「Net assets increased by ¥4,126 million, or 2.6%, from the end of the previous consolidated fiscal year to ¥161,842 million due to an increase in retained earnings. As a result, the equity ratio remained broadly unchanged at 31.7%, compared with the end of the previous consolidated fiscal year.」
Net assets increased by 2.6% from the end of the previous fiscal year to ¥161,842 million, while the equity ratio remained broadly unchanged at 31.7%. - FY2023-Q1Updated financial position for the first quarterAnnual report
「Net assets decreased by ¥704 million, or 0.4%, from the end of the previous consolidated fiscal year to ¥157,011 million, as retained earnings decreased due to dividend payments despite the recognition of quarterly net income attributable to owners of the parent. As a result, the equity ratio increased by 1.3 percentage points from the end of the previous consolidated fiscal year to 33.0%.」
While net assets decreased by 0.4% from the end of the previous fiscal year due to dividend payments and other factors, the equity ratio rose by 1.3 percentage points from 31.7% at the end of the previous fiscal year to 33.0%. - FY2022-Q3Updated financial position for the third quarterAnnual report
「Net assets decreased by ¥57,430 million, or 27.7%, from the end of the previous consolidated fiscal year to ¥150,106 million due to an increase in treasury shares resulting from the tender offer for treasury shares. As a result, the equity ratio decreased by 13.1 percentage points from the end of the previous consolidated fiscal year to 30.5%.」
Net assets were ¥150,106 million following the tender offer for treasury shares, and the equity ratio was 30.5%. The equity ratio decreased by 13.1 percentage points from the end of the previous consolidated fiscal year. - FY2022-Q2Updated financial position for the second quarterAnnual report
「Net assets increased by ¥2,160 million, or 1.0%, from the end of the previous consolidated fiscal year to ¥209,697 million due to an increase in retained earnings. As a result, the equity ratio decreased by 0.4 percentage points from the end of the previous consolidated fiscal year to 43.2%.」
Net assets increased by 1.0% from the end of the previous fiscal year to ¥209,697 million, while the equity ratio fell by 0.4 percentage points from 43.6% to 43.2%. - FY2022-Q1Updated financial position for the first quarterAnnual report
「Net assets decreased by ¥1,698 million, or 0.8%, from the end of the previous consolidated fiscal year to ¥205,838 million, as retained earnings decreased due to dividend payments despite the recognition of quarterly net income attributable to owners of the parent. As a result, the equity ratio decreased by 0.3 percentage points from the end of the previous consolidated fiscal year to 43.3%.」
Net assets decreased by 0.8% from the end of the previous fiscal year due to dividend payments and other factors, while the equity ratio fell by 0.3 percentage points from 43.6% to 43.3%. - FY2021Updated financial position for the fiscal yearAnnual report
「As a result, the equity ratio increased by 4.0 percentage points from the end of the previous consolidated fiscal year to 43.6%.」
Net assets increased by ¥824.9 million from the end of the previous fiscal year to ¥207,537 million, and the equity ratio rose from 39.6% to 43.6%. However, it remained below the approximately 50% equity ratio targeted under Medium-Term Management Plan 2020. - FY2021-Q3Updated financial position for the third quarterAnnual report
「As a result, the equity ratio decreased by 0.2 percentage points from the end of the previous consolidated fiscal year to 39.4%.」
Net assets increased by ¥6,051 million from the end of the previous fiscal year to ¥205,339 million, while the equity ratio fell by 0.2 percentage points to 39.4%. - FY2021-Q2Updated financial position for the second quarterAnnual report
「Net assets increased by ¥1,359 million, or 0.7%, from the end of the previous consolidated fiscal year to ¥200,646 million due to an increase in valuation differences on other securities following a rise in the share price. As a result, the equity ratio increased by 1.1 percentage points from the end of the previous consolidated fiscal year to 40.7%.」
Net assets were ¥200,646 million and the equity ratio was 40.7%, both up from the end of the previous consolidated fiscal year. - FY2021-Q1Updated financial position for the first quarterAnnual report
「Net assets decreased by ¥2,617 million, or 1.3%, from the end of the previous consolidated fiscal year to ¥196,669 million, mainly because retained earnings decreased due to dividend payments. As a result, the equity ratio increased by 2.5 percentage points from the end of the previous consolidated fiscal year to 42.1%.」
While net assets decreased due to dividend payments and other factors, the equity ratio rose from 39.6% at the end of the previous consolidated fiscal year to 42.1%. - FY2020WorsenedAnnual report
「As a result, the equity ratio decreased by 2.7 percentage points from the end of the previous consolidated fiscal year to 39.6%.」
The equity ratio fell from 42.3% at the end of the previous fiscal year to 39.6%, widening the gap with the approximately 50.0% equity ratio targeted under the medium-term plan. - FY2020-Q3Updated financial position for the third quarterAnnual report
「Net assets increased by ¥6,356 million, or 3.2%, from the end of the previous consolidated fiscal year to ¥205,688 million, as the increase in retained earnings outweighed the decrease in valuation differences on other securities following a decline in the share price. As a result, the equity ratio increased by 1.6 percentage points from the end of the previous consolidated fiscal year to 43.9%.」
Net assets were ¥205,688 million and the equity ratio was 43.9%, with net assets increasing by 3.2% and the equity ratio by 1.6 percentage points from the end of the previous consolidated fiscal year. - FY2020-Q2Updated financial position for the second quarterAnnual report
「Net assets decreased by ¥565 million, or 0.3%, from the end of the previous consolidated fiscal year to ¥198,766 million, as the increase in retained earnings was outweighed by a decrease in valuation differences on other securities following a decline in the share price. As a result, the equity ratio increased by 4.1 percentage points from the end of the previous consolidated fiscal year to 46.4%.」
Net assets at the end of FY2020-Q2 were ¥198,766 million and the equity ratio was 46.4%. Net assets decreased from the end of the previous fiscal year, while the equity ratio increased by 4.1 percentage points. - FY2020-Q1Updated financial position for the first quarterAnnual report
「As a result, the equity ratio increased by 1.7 percentage points from the end of the previous consolidated fiscal year to 44.0%.」
Net assets decreased by 4.0% from the end of the previous fiscal year to ¥191,421 million due to a decline in the share price and dividend payments, while the equity ratio rose by 1.7 percentage points to 44.0% because liabilities decreased substantially. - FY2019Updated financial position for the fiscal yearAnnual report
「Net assets increased by ¥14,111 million, or 7.6%, from the end of the previous consolidated fiscal year to ¥199,331 million, due to an increase in retained earnings. As a result, the equity ratio decreased by 5.7 percentage points from the end of the previous consolidated fiscal year to 42.3%.」
While net assets increased, the equity ratio fell from 48.0% at the end of the previous fiscal year to 42.3% due to a substantial increase in total assets. - FY2019-Q3Updated financial position for the third quarterAnnual report
「As a result, the equity ratio decreased by 4.0 percentage points from the end of the previous consolidated fiscal year to 44.0%.」
Net assets increased by ¥3,581 million from the end of the previous consolidated fiscal year to ¥188,800 million, while the equity ratio fell by 4.0 percentage points to 44.0% due to an increase in liabilities and a decrease in valuation differences on other securities, among other factors. - FY2019-Q2Updated financial position for the second quarterAnnual report
「As a result, the equity ratio increased by 0.5 percentage points from the end of the previous consolidated fiscal year to 48.5%.」
Net assets increased by ¥3,651 million from the end of the previous consolidated fiscal year to ¥188,871 million, and the equity ratio rose to 48.5%. - FY2019-Q1Updated financial position for the first quarterAnnual report
「As a result, the equity ratio increased by 0.3 percentage points from the end of the previous consolidated fiscal year to 48.3%.」
Net assets were ¥184,912 million and the equity ratio was 48.3%, up 0.3 percentage points from the end of the previous consolidated fiscal year. - FY2018Updated financial position for the fiscal yearAnnual report
「As a result, the equity ratio increased by 4.2 percentage points from the end of the previous consolidated fiscal year to 47.7%.」
Net assets were ¥185,219 million and the equity ratio was 47.7%, up 4.2 percentage points from the end of the previous fiscal year. - FY2018-Q3Updated financial position for the third quarterAnnual report
「As a result, the equity ratio increased by 5.5 percentage points from the end of the previous consolidated fiscal year to 49.0%.」
Net assets increased by ¥12,555 million from the end of the previous consolidated fiscal year to ¥182,343 million, and the equity ratio rose to 49.0%. - FY2018-Q2Updated financial position for the second quarterAnnual report
「As a result, the equity ratio increased by 5.1 percentage points from the end of the previous consolidated fiscal year to 48.6%.」
Net assets increased by ¥5,965 million from the end of the previous consolidated fiscal year to ¥175,753 million, and the equity ratio rose to 48.6%. - FY2018-Q1Updated financial position for the first quarterAnnual report
「As a result, the equity ratio increased by 1.6 percentage points from the end of the previous consolidated fiscal year to 45.1%.」
Net assets increased by ¥1,078 million from the end of the previous consolidated fiscal year to ¥170,867 million, and the equity ratio rose to 45.1%. - FY2017-Q3First statedAnnual report
「As a result, the equity ratio increased by 1.1 percentage points from the end of the previous consolidated fiscal year to 44.9%.」
Net assets at the end of the third-quarter consolidated accounting period were ¥167,466 million, an increase of ¥11,311 million, or 7.2%, from the end of the previous consolidated fiscal year.