Emphasis on financial indicators without setting specific numerical targets
First written in FY2018. 8 of 23 entries say "Worsened", first in FY2021. Latest entry: 2026-07-13.
Merf moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2023: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- 2026-07-13WorsenedRevisions to earnings forecasts
「As a result, the equity ratio was 33.5%.」
Under a policy that emphasizes financial metrics without setting specific numerical targets, the equity ratio declined to 33.5% from 35.9% at the end of the previous consolidated fiscal year. - FY2025ReframedAnnual report
「To enhance corporate value and strengthen its financial position, our group has not set specific numerical targets but regards the ordinary profit margin on net sales, equity ratio, return on equity and interest-bearing debt ratio as important management indicators.」
The description of the management indicators was expanded to include the ordinary profit margin on net sales, in addition to the equity ratio, ROE and interest-bearing debt ratio previously used as key indicators. - FY2025-H1WorsenedAnnual report
「As a result, the equity ratio was 34.5%.」
Under its policy of managing key indicators without setting specific numerical targets, the equity ratio declined from 35.6% at the end of the previous fiscal year to 34.5%. - FY2024Updated Full-Year Results for Key IndicatorsAnnual report
「To enhance corporate value and strengthen its financial position, our group has not set specific numerical targets but regards the equity ratio, return on equity and interest-bearing debt ratio as important management indicators.」
The company continued its policy of not setting specific numerical targets. For the full fiscal year, it disclosed an equity ratio of 35.6%, return on equity of 5.6% and interest-bearing debt ratio of 134.9%. - FY2024-Q3WorsenedAnnual report
「As a result, the equity ratio was 32.5%.」
The company disclosed its key indicators under its policy of not setting specific numerical targets, but the equity ratio declined from 36.3% at the end of the previous consolidated fiscal year to 32.5%. - FY2024-Q2Higher Equity RatioAnnual report
「As a result, the equity ratio was 39.9%.」
Under its policy of not setting specific numerical targets, the equity ratio, a key management indicator, rose from 36.3% at the end of the previous consolidated fiscal year to 39.9%. - FY2024-Q1Slight decline in the equity ratioAnnual report
「As a result, the equity ratio was 36.0%.」
Under its policy of not setting specific numerical targets, the equity ratio, a key indicator, declined slightly from 36.3% at the end of the previous consolidated fiscal year to 36.0%. - FY2023Equity Ratio and Interest-Bearing Debt Ratio Improved, ROE DeclinedAnnual report
「Results for the current fiscal year were as follows. Management indicators Previous consolidated fiscal year (31 August 2022) Current consolidated fiscal year (31 August 2023) Year-on-year change Equity ratio 35.8% 36.3% 0.5% Return on equity 6.1% 1.9% △4.2% Interest-bearing debt ratio 147.8% 139.4% △8.4%」
The company continued its policy of not setting specific numerical targets and disclosed its key indicators. The equity ratio and interest-bearing debt ratio improved, while ROE declined. - FY2023-Q3WorsenedAnnual report
「As a result, the equity ratio was 35.5%.」
Under its policy of not setting specific numerical targets, the equity ratio, a key indicator, was 35.5%, a slight decline from 35.8% at the end of the previous consolidated fiscal year and in the previous quarter. - FY2023-Q2Equity ratio recoveredAnnual report
「As a result, the equity ratio was .35.8%.」
Under its policy of not setting specific numerical targets, the equity ratio, one of its key management indicators, recovered from 33.6% in the first quarter to 35.8%. - FY2023-Q1WorsenedAnnual report
「As a result, the equity ratio was 33.6%.」
While maintaining its policy of not setting specific numerical targets, the equity ratio, one of its key management indicators, declined from 35.8% at the end of the previous fiscal year to 33.6%. - FY2022-Q3WorsenedAnnual report
「As a result, the equity ratio was 32.7%.」
While maintaining its policy of not setting specific numerical targets, the equity ratio, one of its key management indicators, declined from 36.7% at the end of the previous consolidated fiscal year to 32.7%. - FY2022-Q2Equity ratio up from the previous fiscal year-end but down year on yearAnnual report
「As a result, the equity ratio was 37.2%.」
While maintaining its policy of not setting specific numerical targets, the equity ratio, one of its key management indicators, rose from 36.7% at the end of the previous fiscal year to 37.2%. However, it remained below the 39.5% recorded in the same quarter of the previous year. - FY2022-Q1WorsenedAnnual report
「As a result, the equity ratio was 35.2%.」
While maintaining its policy of not setting specific numerical targets, the equity ratio, one of its key management indicators, declined from 36.7% at the end of the previous fiscal year to 35.2%. - FY2021WorsenedAnnual report
「To enhance corporate value and strengthen its financial position, our group has not set specific numerical targets but regards the equity ratio, return on equity and interest-bearing debt ratio as important management indicators.」
The company continued its policy of not setting specific numerical targets, but the equity ratio declined to 36.7% and the interest-bearing debt ratio rose to 132.3%. - FY2021-Q3Decline in the equity ratioAnnual report
「As a result, the equity ratio was 36.4%.」
While maintaining its policy of not setting specific numerical targets, the equity ratio, one of its key management indicators, declined from 36.7% at the end of the previous consolidated fiscal year and 39.5% in the previous quarter to 36.4%. - FY2021-Q2Decline in the equity ratioAnnual report
「As a result, the equity ratio was 39.5%.」
While maintaining its policy of not setting specific numerical targets, the company disclosed an equity ratio of 39.5%, one of its key management indicators, down from 45.1% at the end of the previous fiscal year. - FY2021-Q1Decline in the equity ratioAnnual report
「As a result, the equity ratio was 42.9%.」
While maintaining its policy of not setting specific numerical targets, the equity ratio, one of its key management indicators, declined from 45.1% at the end of the previous consolidated fiscal year to 42.9%. - FY2020Financial metrics improvedAnnual report
「As shown in the table below, performance for the current period improved across all targets due to the external environment.」
While maintaining its policy of not setting specific numerical targets, the company disclosed an equity ratio of 45.1%, return on equity of 5.1% and interest-bearing debt ratio of 98.1%. - FY2020-Q3Disclosed an equity ratio of 43.9%Annual report
「As a result, the equity ratio was 43.9%.」
While maintaining its policy of not setting specific numerical targets, the company disclosed an equity ratio of 43.9%, one of its key management indicators. - FY2020-Q2Disclosed an equity ratio of 43.7%Annual report
「As a result, the equity ratio was 43.7%.」
While maintaining its policy of not setting specific numerical targets, the company disclosed an equity ratio of 43.7%, one of its key management indicators. - FY2020-Q1Higher Equity RatioAnnual report
「As a result, the equity ratio was 45.7%.」
While maintaining its policy of not setting specific numerical targets, the equity ratio, one of its key management indicators, rose from 41.2% at the end of the previous consolidated fiscal year to 45.7%. - FY2018First statedAnnual report
「To enhance corporate value and strengthen its financial position, our group has not set specific numerical targets but regards the equity ratio, return on equity and interest-bearing debt ratio as important management indicators.」
The company states its policy of managing the equity ratio, return on equity and interest-bearing debt ratio as important indicators without setting specific numerical targets.