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UT Group (2146) · FactLower equity ratio and decline in net assets

Rising Equity Ratio and Expansion of Net Assets

First written in FY2019-Q3. 2 of 23 entries say "Advanced", first in FY2019. Latest entry: FY2026.

23entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2020-Q1 – FY2024AdvancedFY2025-H12019: 420192020: 320202021: 320212022: 420222023: 420232024: 320242025: 120252026: 12026
Same theme, other companies
Net Asset Growth and Changes in the Equity RatioA theme 17 companies write about · 0 as a headwind · 1 as a tailwind

The whole theme swung hardest in 2025: 4 of 17 companies on the "Worse" side.

10 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 17 companies compared. The sentences above are computed from all 17.
Full recordFilings, disclosures and news, newest first
  1. FY2026Lower equity ratio and decline in net assetsAnnual report

    「As a result, the equity ratio was 39.8% (44.1% at the end of the previous consolidated fiscal year).」

    Due to dividends of ¥7,654 million and share buybacks of ¥4,071 million, net assets fell from ¥36,323 million to ¥32,141 million, while the equity ratio declined from 44.1% to 39.8%.
  2. FY2026-H1Lower equity ratio and decline in net assetsAnnual report

    「Net assets at the end of the interim consolidated accounting period were ¥32,368 million, down ¥3,955 million from the end of the previous consolidated fiscal year. This was mainly due to dividends of ¥4,465 million paid from retained earnings and the acquisition of treasury shares for ¥2,911 million, despite recognition of interim net income attributable to owners of the parent of ¥3,249 million. As a result, the equity ratio was 39.5% (44.1% at the end of the previous consolidated fiscal year).」

    Net assets declined due to dividends and share buybacks, and the equity ratio also fell from 44.1% to 39.5%.
  3. FY2025-H1AdvancedAnnual report

    「As a result, the equity ratio was 42.5% (40.0% at the end of the previous consolidated fiscal year).」

    Despite paying dividends of ¥3,817 million, net assets rose to ¥38,101 million and the equity ratio increased from 40.0% to 42.5% due to recognition of interim net income of ¥6,411 million.
  4. FY2024Increase in net assets and the equity ratioAnnual report

    「As a result, the equity ratio was 40.0% (31.8% at the end of the previous consolidated fiscal year).」

    Net assets increased by ¥4,514 million to ¥34,443 million, while the equity ratio rose from 31.8% to 40.0%.
  5. FY2024-Q3Continued increases in net assets and the equity ratioAnnual report

    「Net assets at the end of the third quarter of the current consolidated fiscal year were ¥33,261 million, an increase of ¥3,333 million from the end of the previous consolidated fiscal year. This was mainly because the Company recognized quarterly net income attributable to owners of the parent of ¥5,717 million, despite the repurchase of ¥2,817 million in treasury shares as part of shareholder returns. As a result, the equity ratio was 38.8% (31.8% at the end of the previous consolidated fiscal year).」

    Although ¥2,817 million was spent on share buybacks, net assets rose to ¥33,261 million and the equity ratio increased to 38.8% due to profit recognition.
  6. FY2024-Q2Continued increases in net assets and the equity ratioAnnual report

    「Net assets at the end of the second quarter of the current consolidated fiscal year were ¥30,949 million, an increase of ¥1,020 million from the end of the previous consolidated fiscal year. This was mainly because, despite the repurchase of ¥2,817 million in treasury shares as part of shareholder returns, the Company recognized quarterly net income attributable to owners of the parent of ¥3,536 million. As a result, the equity ratio was 35.1% (31.8% at the end of the previous consolidated fiscal year).」

    Despite the ¥2,817 million share repurchase, net assets increased to ¥30,949 million due to the recognition of quarterly net income, and the equity ratio rose from 31.8% to 35.1%.
  7. FY2024-Q1Increase in net assets and the equity ratioAnnual report

    「Net assets at the end of the first quarter of the current consolidated fiscal year were ¥31,087 million, an increase of ¥1,159 million from the end of the previous consolidated fiscal year. This was mainly because, despite the repurchase of ¥820 million in treasury shares as part of shareholder returns, the Company recognized quarterly net income attributable to owners of the parent of ¥1,956 million. As a result, the equity ratio was 35.8% (31.8% at the end of the previous consolidated fiscal year).」

    Despite the ¥820 million share repurchase, net assets increased by ¥1,159 million due to the recognition of quarterly net income, and the equity ratio rose from 31.8% to 35.8%.
  8. FY2023Simultaneous increases in net assets and the equity ratioAnnual report

    「Net assets at the end of the current consolidated fiscal year were ¥29,928 million, an increase of ¥8,696 million from the end of the previous consolidated fiscal year. As a result, the equity ratio was 31.8% (30.8% at the end of the previous consolidated fiscal year).」

    Net assets increased substantially, and the equity ratio also rose from 30.8% to 31.8%. This represents a change from the previous pattern of higher net assets and a lower equity ratio.
  9. FY2023-Q3Increase in net assets and decline in the equity ratioAnnual report

    「Net assets at the end of the third quarter of the current consolidated fiscal year were ¥27,992 million, an increase of ¥6,760 million from the end of the previous consolidated fiscal year. This was mainly due to the recognition of quarterly net income attributable to owners of the parent of ¥1,758 million and an increase of ¥5,568 million in stock acquisition rights, despite the payment of a ¥968 million dividend funded by retained earnings. As a result, the equity ratio was 29.5% (30.8% at the end of the previous consolidated fiscal year).」

    Net assets increased by ¥6,760 million due mainly to the increase in stock acquisition rights, while the equity ratio declined from 30.8% to 29.5%.
  10. FY2023-Q2The equity ratio increased and net assets roseAnnual report

    「Net assets at the end of the second quarter of the current consolidated fiscal year were ¥25,104 million, an increase of ¥3,872 million from the end of the previous consolidated fiscal year. This was mainly because, despite the payment of a ¥968 million dividend funded by retained earnings, the Company recognized quarterly net income attributable to owners of the parent of ¥4,440 million. As a result, the equity ratio was 35.1% (30.8% at the end of the previous consolidated fiscal year).」

    Despite the ¥968 million dividend, net assets increased to ¥25,104 million due to the recognition of quarterly net income, and the equity ratio rose from 30.8% to 35.1%.
  11. FY2023-Q1The equity ratio increased and net assets roseAnnual report

    「Net assets at the end of the first quarter of the current consolidated fiscal year were ¥22,491 million, an increase of ¥1,259 million from the end of the previous consolidated fiscal year. This was mainly because, despite the payment of a ¥968 million dividend funded by retained earnings, the Company recognized net income attributable to owners of the parent of ¥2,105 million. As a result, the equity ratio was 33.0% (30.8% at the end of the previous consolidated fiscal year).」

    Despite the ¥968 million dividend, net assets increased by ¥1,259 million due to the recognition of quarterly net income, and the equity ratio rose from 30.8% to 33.0%.
  12. FY2022Lower equity ratio and higher net assetsAnnual report

    「As a result, the equity ratio was 30.8% (36.2% at the end of the previous consolidated fiscal year).」

    Net assets increased by ¥1,034 million to ¥21,232 million, while the equity ratio declined from 36.2% to 30.8% due to higher borrowings, dividends and other factors.
  13. FY2022-Q3Decline in Net Assets and Equity RatioAnnual report

    「Net assets at the end of the third quarter of the current consolidated fiscal year were ¥19,803 million, a decrease of ¥395 million from the end of the previous consolidated fiscal year. This was mainly because, despite the recognition of quarterly net income attributable to owners of the parent of ¥1,846 million, the Company paid a ¥2,663 million dividend funded by retained earnings. As a result, the equity ratio was 33.3% (36.2% at the end of the previous consolidated fiscal year).」

    Due to the ¥2,663 million dividend, net assets declined by ¥395 million from the end of the previous period, and the equity ratio also fell from 36.2% to 33.3%.
  14. FY2022-Q2Decline in Net Assets and Equity RatioAnnual report

    「Net assets at the end of the second quarter of the current consolidated fiscal year were ¥18,439 million, a decrease of ¥1,758 million from the end of the previous consolidated fiscal year. This was mainly because, despite the recognition of quarterly net income attributable to owners of the parent of ¥710 million, the Company paid a ¥2,663 million dividend funded by retained earnings. As a result, the equity ratio was 34.3% (36.2% at the end of the previous consolidated fiscal year).」

    Due to the ¥2,663 million dividend, net assets were ¥18,439 million and the equity ratio declined to 34.3%.
  15. FY2022-Q1Declining net assets and equity ratioAnnual report

    「Net assets at the end of the first quarter of the current consolidated fiscal year were ¥17,869 million, a decrease of ¥2,329 million from the end of the previous consolidated fiscal year. This was mainly due to the payment of a ¥2,663 million dividend funded by retained earnings. As a result, the equity ratio was 34.0% (36.2% at the end of the previous consolidated fiscal year).」

    Net assets declined due to the ¥2,663 million dividend, and the equity ratio also fell from 36.2% to 34.0%.
  16. FY2021-Q3Lower equity ratio alongside higher net assetsAnnual report

    「Net assets at the end of the third quarter of the current consolidated fiscal year were ¥19,552 million, an increase of ¥4,529 million from the end of the previous consolidated fiscal year. This was mainly due to the recognition of quarterly net income attributable to owners of the parent of ¥3,734 million and stock acquisition rights of ¥603 million. As a result, the equity ratio was 36.3% (41.0% at the end of the previous consolidated fiscal year).」

    Net assets increased by ¥4,529 million to ¥19,552 million, while the equity ratio declined from 41.0% at the end of the previous consolidated fiscal year to 36.3%.
  17. FY2021-Q2Lower equity ratio alongside higher net assetsAnnual report

    「Net assets at the end of the second quarter of the current consolidated fiscal year were ¥17,999 million, an increase of ¥2,975 million from the end of the previous consolidated fiscal year. As a result, the equity ratio was 37.1% (41.0% at the end of the previous consolidated fiscal year).」

    Net assets increased due to profit generation and the recognition of stock acquisition rights, while the equity ratio declined from 41.0% to 37.1%.
  18. FY2021-Q1Lower equity ratio alongside higher net assetsAnnual report

    「Net assets at the end of the first quarter of the current consolidated fiscal year were ¥16,816 million, an increase of ¥1,792 million from the end of the previous consolidated fiscal year. As a result, the equity ratio was 36.2% (41.0% at the end of the previous consolidated fiscal year).」

    Net assets increased due to profit generation and the recognition of stock acquisition rights, while the equity ratio declined from 41.0% to 36.2%.
  19. FY2020-Q3Lower equity ratio alongside higher net assetsAnnual report

    「As a result, the equity ratio was 37.6% (38.2% at the end of the previous consolidated fiscal year).」

    The equity ratio declined from 38.2% at the end of the previous consolidated fiscal year to 37.6%, while net assets increased by ¥660 million from the end of the previous period to ¥13,657 million even after the ¥2,499 million dividend.
  20. FY2020-Q2Higher equity ratio alongside lower net assetsAnnual report

    「As a result, the equity ratio was 42.7% (38.2% at the end of the previous consolidated fiscal year).」

    The equity ratio rose from 38.2% to 42.7%, while net assets declined by ¥754 million from the end of the previous consolidated fiscal year to ¥12,242 million, mainly due to the ¥2,499 million dividend and other factors.
  21. FY2020-Q1Decline in Net Assets and Equity RatioAnnual report

    「As a result, the equity ratio was 36.5% (38.2% at the end of the previous consolidated fiscal year).」

    Net assets declined from ¥12,996 million at the end of the previous consolidated fiscal year to ¥10,789 million, and the equity ratio fell from 38.2% to 36.5%. The disclosure states that the main factor was a ¥2,499 million dividend funded by retained earnings.
  22. FY2019AdvancedAnnual report

    「As a result, the equity ratio was 38.2% (30.1% at the end of the previous consolidated fiscal year).」

    The equity ratio rose from 30.1% at the end of the previous period to 38.2%, while net assets increased to ¥12,996 million.
  23. FY2019-Q3First statedAnnual report

    「As a result, the equity ratio was 37.1% (30.1% at the end of the previous consolidated fiscal year).」

    Net assets increased by ¥2,960 million from the end of the previous consolidated fiscal year to ¥11,908 million, and the equity ratio rose from 30.1% to 37.1%.
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"Expansion in the Number of Client Factories and Technical Employees" moved the same way as this thread, in the same document, in 2 of its 23 moves.

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  1. ★This thread
  2. 1Expansion in the Number of Client Factories and Technical Employees2×
  3. 2Financial Risk from Reliance on Borrowings and Interest-Bearing Debt2×
  4. 3Decrease in profit due to costs associated with launching the Solutions Business2×

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Rising Equity Ratio and Expansion of Net Assets | UT Group Co.,Ltd. (2146) | Komori