Strengthening the Financial Foundation and Diversifying Funding Sources
First written in FY2016. 10 of 34 entries say "Advanced", first in FY2018. Latest entry: 2026-10-13.
The whole theme swung hardest in 2020: 1 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-10-13WorsenedEarnings
「以上の結果、自己資本比率は、前事業年度末の75.6％から71.5％となりました。」
自己資本比率が前事業年度末から低下し、財務基盤の指標が悪化した。 - FY2026MitigatedAnnual report
「As a result, the equity ratio increased from 72.1% at the end of the previous fiscal year to 75.6%.」
The equity ratio increased from 72.1% to 75.6%, exceeding the policy target of maintaining a ratio of at least 60%. Financial-base metrics improved due to a decrease in interest-bearing debt and other factors. - FY2026-H1WorsenedAnnual report
「As a result, the equity ratio decreased from 72.1% at the end of the previous fiscal year to 68.3%.」
The equity ratio decreased from 72.1% to 68.3%. Due to an increase in short-term borrowings and other factors, financial-base strengthening metrics deteriorated from the end of the previous fiscal year. - FY2025MitigatedAnnual report
「As a result, the equity ratio increased from 66.6% at the end of the previous fiscal year to 72.1%.」
The equity ratio increased from 66.6% to 72.1%, exceeding the target level of maintaining a ratio of at least 60%. A decrease in short- and long-term borrowings was also reported, and financial-base metrics improved. - FY2025-H1Equity ratio declined, but long-term borrowings decreasedAnnual report
「Funding for the above needs will come from retained earnings as well as long- and short-term borrowings. We will continue to maintain good relationships with financial institutions while monitoring financial conditions so that we can obtain borrowings flexibly according to the amount and timing of our funding needs.」
The policy of using retained earnings and long- and short-term borrowings as funding sources remains in place. The equity ratio decreased from 66.6% at the end of the previous fiscal year to 66.0%, while long-term borrowings decreased by ¥107.569 million. - FY2024WorsenedAnnual report
「As a result, the equity ratio decreased from 71.9% at the end of the previous fiscal year to 66.6%.」
The equity ratio decreased from 71.9% to 66.6%. Due to an increase in borrowings and other factors, the cushion against the target of maintaining an equity ratio of at least 60% narrowed. - FY2024-Q3WorsenedAnnual report
「This was due to a ¥1,114.48 million increase in short-term borrowings. As a result, the equity ratio decreased from 71.9% at the end of the previous fiscal year to 60.5%.」
Short-term borrowings increased by ¥1,114.48 million, and the equity ratio decreased from 71.9% to 60.5%. Although it remained above the previous target level of at least 60%, the financial-base metric deteriorated from the end of the previous fiscal year. - FY2024-Q2WorsenedAnnual report
「This was due to a ¥944.52 million increase in short-term borrowings. As a result, the equity ratio decreased from 71.9% at the end of the previous fiscal year to 62.6%.」
Short-term borrowings increased by ¥944.52 million, and the equity ratio decreased from 71.9% to 62.6%. Although it remained above the previous target level of at least 60%, the financial-base metric deteriorated from the end of the previous fiscal year. - FY2024-Q1WorsenedAnnual report
「As a result, the equity ratio decreased from 71.9% at the end of the previous fiscal year to 67.2%.」
The equity ratio decreased from 71.9% to 67.2%. Although it remained above the previous target level of at least 60%, the financial-base metric deteriorated from the end of the previous fiscal year. - FY2023MitigatedAnnual report
「As a result, the equity ratio increased from 70.2% at the end of the previous fiscal year to 71.9%.」
The equity ratio increased from 70.2% to 71.9%, exceeding the target level of maintaining a ratio of at least 60%. Short-term borrowings decreased by ¥270 million, and financial-base metrics improved from the end of the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「Funding for the above needs will come from internal funds, including earnings, as well as long- and short-term borrowings. As a result, the equity ratio decreased from 70.2% at the end of the previous fiscal year to 67.1%.」
Under the policy of using long- and short-term borrowings as funding sources, the equity ratio decreased from 70.2% to 67.1%. Although it remained above the target level for strengthening the financial base, it deteriorated from the end of the previous fiscal year. - FY2023-Q2Increase in borrowings and decline in equity ratioAnnual report
「Fixed liabilities amounted to ¥698.601 million, an increase of ¥176.825 million from the end of the previous fiscal year. This was mainly due to a ¥173.225 million increase in long-term borrowings. As a result, the equity ratio decreased from 70.2% at the end of the previous fiscal year to 68.0%.」
Long-term borrowings increased by ¥173.225 million and short-term borrowings also increased by ¥83.66 million. The equity ratio decreased from 70.2% to 68.0%, but remained above the previous target level of at least 60%. - FY2023-Q1Decline in equity ratio and increase in short- and long-term borrowingsAnnual report
「As a result, the equity ratio decreased from 70.2% at the end of the previous fiscal year to 66.9%.」
The equity ratio decreased from 70.2% to 66.9%. Short- and long-term borrowings increased to meet funding needs, including purchases, but the previous target level of at least 60% was still exceeded. - FY2022AdvancedAnnual report
「At the same time, we recognize the need to take into account the risks of dependence on financial institutions and fluctuations in interest rates, and are aiming to maintain an equity ratio of at least 60%.」
The equity ratio was 70.2%, maintaining the target level of at least 60%. Long-term borrowings decreased by ¥98.612 million, and a reduction in dependence on borrowings was also reported. - FY2022-Q3Decline in equity ratio and increase in short-term borrowingsAnnual report
「As a result, the equity ratio decreased from 67.0% at the end of the previous fiscal year to 65.8%.」
The equity ratio decreased from 67.0% to 65.8%. Short-term borrowings increased by ¥373.981 million, while long-term borrowings decreased by ¥56.452 million. The previous target level of an equity ratio of at least 60% was still exceeded. - FY2022-Q2AdvancedAnnual report
「As a result, the equity ratio increased from 67.0% at the end of the previous fiscal year to 71.6%.」
Short-term borrowings decreased by ¥74.21 million and long-term borrowings by ¥94.284 million, while the equity ratio increased from 67.0% at the end of the previous fiscal year to 71.6%. The equity ratio has remained above the target level of at least 60%. - FY2022-Q1AdvancedAnnual report
「This was mainly due to a ¥111.306 million decrease in income taxes payable and a ¥85.937 million decrease in short-term borrowings, despite a ¥21.744 million increase in the provision for bonuses. This was mainly due to a ¥50.486 million decrease in long-term borrowings. As a result, the equity ratio rose from 67.0% at the end of the previous fiscal year to 71.0%.」
Short-term borrowings decreased by ¥85.937 million and long-term borrowings by ¥50.486 million, while the equity ratio increased from 67.0% to 71.0%. Financial-base strengthening metrics improved. - FY2021AdvancedAnnual report
「As a result, the equity ratio increased from 57.4% at the end of the previous fiscal year to 67.0%.」
The equity ratio recovered to and exceeded the target level of at least 60%, driven by aggressive sales, a decrease in inventories and a decrease in borrowings. Short-term borrowings decreased by ¥778.3 million, while long-term borrowings increased by ¥21.737 million. - FY2021-Q3Decrease in short-term borrowings and increase in long-term borrowingsAnnual report
「This was mainly due to a ¥340.226 million decrease in short-term borrowings. Fixed liabilities amounted to ¥649.21 million, an increase of ¥76.188 million from the end of the previous fiscal year. This was mainly due to an ¥87.127 million increase in long-term borrowings.」
While short-term borrowings decreased, long-term borrowings increased, changing the composition of borrowings. The equity ratio increased from 57.4% at the end of the previous fiscal year to 61.4%. - FY2021-Q2AdvancedAnnual report
「As a result, the equity ratio increased from 57.4% at the end of the previous fiscal year to 61.4%.」
The equity ratio increased from 57.4% to 61.4%, exceeding the target level of at least 60% as of the end of the second quarter. - FY2021-Q1Equity ratio improved but remained below targetAnnual report
「As a result, the equity ratio increased from 57.4% at the end of the previous fiscal year to 58.3%.」
The equity ratio increased from 57.4% to 58.3%, but remained below the First Mid-Term Management Plan target level of at least 60%. - FY2020Equity ratio below target and increased dependence on borrowingsAnnual report
「At the same time, we recognize the need to take into account the risks of dependence on financial institutions and fluctuations in interest rates, and are aiming for an equity ratio of at least 60%.」
The equity ratio was 57.4%, below the target of at least 60%. The interest-bearing debt ratio also increased to 32.2%, and short-term borrowings increased by ¥1,018.3 million. - FY2020-Q3Equity ratio declined furtherAnnual report
「As a result, the equity ratio decreased from 65.8% at the end of the previous fiscal year to 56.9%.」
The equity ratio decreased from 65.8% at the end of the previous fiscal year to 56.9%, further worsening progress in strengthening the financial base. - FY2020-Q2Equity Ratio Below TargetAnnual report
「As a result, the equity ratio decreased from 65.8% at the end of the previous fiscal year to 58.5%.」
The equity ratio decreased from 65.8% at the end of the previous fiscal year to 58.5%, falling below the target level of at least 60% set out in the First Mid-Term Management Plan. - FY2020-Q1Decline in equity ratio and increase in short-term borrowingsAnnual report
「As a result, the equity ratio decreased from 65.8% at the end of the previous fiscal year to 61.4%.」
The equity ratio decreased from 65.8% to 61.4%, but remained above the First Mid-Term Management Plan target of at least 60%. Short-term borrowings increased by ¥398.541 million. - FY2019AdvancedAnnual report
「As a result, the equity ratio increased from 61.5% at the end of the previous fiscal year to 65.8%.」
The equity ratio increased from 61.5% at the end of the previous fiscal year to 65.8%, exceeding the financial-base target of maintaining a ratio of at least 60%. - FY2019-Q3AdvancedAnnual report
「As a result, the equity ratio increased from 61.5% at the end of the previous fiscal year to 65.0%.」
The equity ratio increased from 61.5% at the end of the previous fiscal year to 65.0%, further improving the metric related to the equity-ratio target in the First Mid-Term Management Plan. - FY2019-Q2AdvancedAnnual report
「Although we received ¥640 million from long-term borrowings, cash flows from financing activities decreased by ¥46.541 million, mainly due to a ¥510 million decrease in short-term borrowings.」
While ¥640 million in long-term borrowings was obtained, short-term borrowings decreased by ¥510 million, making the shift toward long-term borrowing as a source of funding more concrete. - FY2019-Q1AdvancedAnnual report
「As a result, the equity ratio increased from 61.5% at the end of the previous fiscal year to 65.2%.」
The equity ratio increased from 61.5% at the end of the previous fiscal year to 65.2%, indicating an improvement in the financial-base strengthening metric. - FY2018AdvancedAnnual report
「Accordingly, we need to build a financial structure capable of withstanding such unforeseen circumstances. In the First Mid-Term Management Plan, we have set a target of maintaining an equity ratio of at least 60%. We will also consider improving our credit standing with lending institutions and diversifying funding sources, including direct financing.」
The company specified a quantitative target of maintaining an equity ratio of at least 60% as part of its efforts to strengthen its financial base. - FY2017RestatedAnnual report
「Accordingly, we need to build a financial structure capable of withstanding such unforeseen circumstances, and will also consider improving our credit standing with lending institutions and diversifying funding sources, including direct financing.」
There has been no change to the policy of using borrowings while considering ways to improve our credit standing with financial institutions and diversify funding methods, including direct financing. - FY2016First statedAnnual report
「We depend on borrowings to fund the purchase of existing homes. Accordingly, we need to build a financial structure capable of withstanding unforeseen circumstances, including rising interest rates, and will also consider improving our credit standing with lending institutions and diversifying funding sources, including direct financing.」
On the premise of dependence on borrowings, the company is considering strengthening its relationships with financial institutions and diversifying funding methods, including direct financing.