EBITDA Growth Rate of 30% or More and Gross D/E Ratio of 1.0 or Less
First written in FY2018. 5 of 12 entries say "Softened", first in FY2024-Q2. Latest entry: FY2026.
UT Group moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 3 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「For the fiscal year ending March 2029, the final year of the fifth medium-term management plan, the Company has set numerical targets of revenue of ¥185.0 billion, gross profit of ¥35.0 billion, operating income of ¥15.0 billion, net income attributable to owners of the parent of ¥9.1 billion and earnings per share (EPS) of ¥15.20.」
The Company reorganized its target framework for the fiscal year ending March 2029 around revenue, gross profit, operating income, net income attributable to owners of the parent and EPS, moving away from the previous EBITDA-centered framework. - 2026-05-14SoftenedFinancial results briefing materials
「Pursuing efficiency and rebuilding the business model」
The company reorganized its plan from one focused on sales growth and expansion of the staffing business to one emphasizing efficiency, stable growth in staffing and diversification of revenue sources through recruitment placement. - FY2026-H1Voluntary disclosure of EBITDA indicator omittedAnnual report
「The Company has omitted disclosure of EBITDA, which it had previously disclosed, from the fiscal year ending March 2026 as part of a review of voluntarily disclosed indicators.」
The Company omitted voluntary disclosure of EBITDA, previously its growth indicator, from the fiscal year ending March 2026. - FY2025SoftenedAnnual report
「Under this plan, revenue increased, but business efficiency deteriorated during the latter half of the plan, resulting in a substantial shortfall in EBITDA.」
The Company concluded that, under the fourth medium-term management plan, revenue increased, while EBITDA fell substantially short of target because business efficiency deteriorated during the latter half of the plan. - FY2024RestatedAnnual report
「Under the rolling plan for the fourth medium-term management plan, the Group has set numerical targets for the fiscal year ending March 2026 of EBITDA of ¥25.0 billion, earnings per share (EPS) of ¥306 and a net debt-to-equity ratio of 0.5 or less, aiming to achieve both growth and financial stability.」
The Company has reaffirmed its full-year numerical targets under the rolling plan of EBITDA of ¥25.0 billion, EPS of ¥306 and a net debt-to-equity ratio of 0.5 or less for the fiscal year ending March 2026. - FY2024-Q3SoftenedAnnual report
「The final year will be pushed back by 1 year to the fiscal year ending March 2026.」
The final year of the fourth medium-term management plan was pushed back from the fiscal year ending March 2025 to the fiscal year ending March 2026. Under the rolling plan, targets for the fiscal year ending March 2026 were set at EBITDA of ¥25.0 billion, operating income of ¥22.4 billion and net income attributable to owners of the parent of ¥14.5 billion. Compared with the previous EBITDA target of ¥30.0 billion for the fiscal year ending March 2025, both the figures and the timeline have been scaled back. - FY2024-Q2Downward revision to full-year EBITDA forecastAnnual report
「The EBITDA forecast was revised downward by ¥5.3 billion from the previous forecast.」
The EBITDA forecast for the fiscal year ending March 2024 was revised downward from ¥16,400 million to ¥11,100 million, a reduction of ¥5,300 million (32.3%). The forecast is also below the previous fiscal year's actual EBITDA of ¥15,714 million. - FY2023AchievedAnnual report
「As a result, revenue for the consolidated fiscal year under review was ¥170,631 million, 5.2% below the target of ¥180,000 million, while EBITDA (*) was ¥15,714 million, 4.8% above the target of ¥15,000 million.」
EBITDA exceeded the fourth medium-term management plan's target of ¥15,000 million for the year, reaching ¥15,714 million. Revenue, however, fell 5.2% short of its target. - FY2022RestatedAnnual report
「Under the fourth medium-term management plan, the Group aims to achieve both high growth and financial stability, targeting average annual EBITDA growth of at least 30% from the fiscal year ending March 2021 and a gross debt-to-equity ratio of 1.0 or less at the end of March 2025.」
The fourth medium-term management plan continues to target average annual EBITDA growth of at least 30% and a gross debt-to-equity ratio of 1.0 or less at the end of March 2025. - FY2022-Q2RaisedAnnual report
「The Group set its EBITDA target for the final year of the fourth medium-term management plan, announced in May 2020, at ¥20.0 billion–¥30.0 billion. To achieve the upper end of this target, it aims to bring forward by 1 year the achievement of EBITDA of ¥15.0 billion, initially targeted for the fiscal year ending March 2024, to the fiscal year ending March 2023. In the fiscal year ending March 2022, its most important priority is to increase the number of technical employees and expand market share and revenue. To achieve EBITDA of ¥15.0 billion in the fiscal year ending March 2023 and increase the likelihood of achieving EBITDA of ¥30.0 billion in the fiscal year ending March 2025, the Group will continue strategic recruitment efforts and seek to maximize the number of technical employees at the end of the consolidated fiscal year under review.」
For the fourth medium-term management plan's EBITDA targets, the Company brought forward the target achievement date for ¥15.0 billion from the fiscal year ending March 2024 to the fiscal year ending March 2023, and set a phased target of ¥30.0 billion for the fiscal year ending March 2025. - FY2019AdvancedAnnual report
「The gross debt-to-equity ratio, one of the Company's management indicators, was 0.43 at the end of the consolidated fiscal year under review, owing to an increase in retained earnings. EBITDA growth, another management indicator, was 52.0% for the consolidated fiscal year under review, supported by improved management efficiency through the concentration of operations on high-unit-price, large-lot projects and increased profitability in the engineering business.」
Against targets of average EBITDA growth of at least 30% over 5 years and a gross debt-to-equity ratio of 1.0 or less, the Company disclosed EBITDA growth of 52.0% and a gross debt-to-equity ratio of 0.43 for the year under review. - FY2018First statedAnnual report
「The Group has set its target management indicators at “EBITDA growth of at least 30% (average growth rate under the five-year plan)” and “a gross debt-to-equity ratio of 1.0 or less.” While actively pursuing M&A by seeking opportunities not only for organic growth but also externally, the Group aims for sustainable, stable growth while maintaining financial soundness by building retained earnings and maintaining a certain level of debt repayment capacity so that its borrowing ratio does not become excessive.」
The management indicators are average EBITDA growth of at least 30% under the five-year plan and a gross debt-to-equity ratio of 1.0 or less, with M&A, retained earnings and debt repayment capacity serving as the means of achieving them.