Optimization of the Interest-Bearing Debt Ratio
First written in FY2017. 4 of 13 entries say "Restated". Latest entry: 2026-08-07.
2 other companies' latest entry also says "Restated".
- FY2025AchievedAnnual report
「The equity ratio was 38.1%, exceeding the target of 35.0% by 3.1 percentage points, while the net debt-to-equity ratio was 0.6 times, 0.4 times below the target of 1.0 times.」
In the consolidated fiscal year, the Company achieved the targets set out in its three-year basic policy of an equity ratio of 35% or more and a net debt-to-equity ratio of 1.0 times or less. - FY2023RaisedAnnual report
「We will maintain a net debt-to-equity ratio of 1.0 times or less.」
The financial policy explicitly states that the net debt-to-equity ratio will be maintained at 1.0 times or less. The previous policy of optimising the interest-bearing debt ratio has been incorporated into a specific three-year policy with a defined metric. - FY2021WorsenedAnnual report
「As of the end of the consolidated fiscal year (30 September 2021), the Group's consolidated interest-bearing debt stood at ¥437,177 million, an increase of ¥165,898 million from the end of the previous consolidated fiscal year (30 September 2020). Interest-bearing debt represented 49.7% of total assets.」
Interest-bearing debt increased, and its ratio to total assets rose from 47.7% in the previous fiscal year to 49.7%. - FY2021-Q3RestatedAnnual report
「Equity ratio (%) 32.1 33.2 41.0」
The equity ratio was 33.2% at the end of the third quarter, down from 41.0% at the end of the previous fiscal year, but above the target level of 30% or more. - FY2020AdvancedAnnual report
「This was mainly due to increases of ¥44,984 million in the combined balance of stated capital, capital surplus and treasury shares, and ¥51,417 million in retained earnings, resulting from financing through the issuance of new shares and the disposal of treasury shares, among other factors.」
The company substantially strengthened shareholders' equity through a public offering and the disposal of treasury shares, advancing measures to strengthen its financial base and optimise its reliance on interest-bearing debt. - FY2020-Q3AdvancedAnnual report
「The total estimated maximum net proceeds of ¥44,285 million from the domestic public offering, international offering and third-party allotment are scheduled to be used for increased working capital and the repayment of short-term borrowings.」
The company presented a plan to allocate part of the funds raised through a public offering and other methods to repaying short-term borrowings, adding a specific measure to reduce reliance on interest-bearing debt. - FY2019RestatedAnnual report
「The Group's interest-bearing debt ratio has risen because, as it expanded its business and operations, it mainly financed the acquisition of business land and working capital through borrowings from financial institutions. The Group will work to optimise the ratio by strengthening shareholders' equity through retained earnings and the use of diverse financing methods.」
The company reaffirmed its policy of strengthening shareholders' equity through retained earnings and diverse financing methods to optimise the interest-bearing debt ratio. - FY2019-Q2AdvancedAnnual report
「Equity ratio (%) 31.6 30.0 27.0」
The equity ratio rose from 27.0% at the end of September 2018 to 30.0% at the end of March 2019, reaching the existing target level of 30% or higher. - FY2018RestatedAnnual report
「The Group's interest-bearing debt ratio is high because, as it expanded its business and operations, it mainly financed the acquisition of business land and working capital through borrowings from financial institutions. The Group will work to optimise the ratio by strengthening shareholders' equity through retained earnings and the use of diverse financing methods.」
The company reaffirmed its policy of strengthening shareholders' equity through retained earnings and diverse financing methods to optimise the interest-bearing debt ratio. - FY2017First statedAnnual report
「The Group will work to optimise its interest-bearing debt ratio by strengthening shareholders' equity through retained earnings and the use of diverse financing methods.」
The company set out a target of optimising the interest-bearing debt ratio, which it described as being at a high level, by strengthening shareholders' equity through retained earnings and diverse financing methods.