Reduction in Interest-Bearing Debt and Improvement in Equity Ratio
First written in FY2016. 15 of 37 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-08-06.
43 other companies' latest entry also says "Advanced".
- 2026-08-06AdvancedEarnings
「As a result, the equity ratio increased by 0.1 percentage points from the end of the previous consolidated fiscal year to 26.7%.」
The equity ratio increased from 26.6% to 26.7% as liabilities declined, owing in part to a decrease in short-term borrowings. - FY2026Decrease in liabilities and decline in equity ratioAnnual report
「Liabilities decreased by ¥25,180 million from the end of the previous consolidated fiscal year, mainly due to a decrease in long-term borrowings, to ¥611,172 million. …As a result, the equity ratio decreased by 0.1 percentage point from the end of the previous consolidated fiscal year to 26.6%.」
Liabilities decreased, while the equity ratio declined from 26.7% to 26.6%. The latest plan calls for a net debt-to-equity ratio of 1.3x, versus the 1.2x target for fiscal 2026 under the Fifth Medium-Term Plan. - FY2026-H1Liabilities down, equity ratio flatAnnual report
「Although bonds increased, liabilities decreased by ¥7,508 million from the end of the previous consolidated fiscal year, mainly due to decreases in other current liabilities, notes and accounts payable, and trade payables, to ¥628,844 million. …As a result, the equity ratio was unchanged from the end of the previous consolidated fiscal year at 26.7%.」
Liabilities decreased by ¥7,508 million, but the equity ratio was unchanged from the end of the previous fiscal year at 26.7%. Progress in improving the financial position varied by item. - FY2025AdvancedAnnual report
「Liabilities decreased by ¥43,306 million from the end of the previous consolidated fiscal year to ¥636,352 million, mainly due to decreases in bonds, borrowings and other factors. ... As a result, the equity ratio increased by 0.3 percentage points from the end of the previous consolidated fiscal year to 26.7%.」
Liabilities decreased by ¥43,306 million due to a decrease in bonds and borrowings, and the equity ratio rose from 26.4% to 26.7%. However, the net debt-to-equity ratio was 1.4x versus the 1.2x target under the Fifth Medium-Term Plan, and the gap with the plan remains. - FY2025-H1AdvancedAnnual report
「Liabilities decreased by ¥19,691 million from the end of the previous consolidated fiscal year to ¥659,967 million, mainly due to decreases in other current liabilities, notes and accounts payable–trade and other factors. Despite a decrease in retained earnings, net assets increased by ¥4,536 million from the end of the previous consolidated fiscal year to ¥264,622 million, mainly due to an increase in foreign currency translation adjustments and other factors. As a result, the equity ratio increased by 0.7 percentage points from the end of the previous consolidated fiscal year to 27.1%.」
As liabilities decreased by ¥19,691 million and net assets increased by ¥4,536 million, the equity ratio rose from 26.4% to 27.1%. - FY2024Rise in equity ratio, while gap with financial targets persistsAnnual report
「As a result, the equity ratio increased by 0.8 percentage points from the end of the previous consolidated fiscal year to 26.3%.」
The equity ratio rose from 25.5% to 26.3%. However, the actual net debt-to-equity ratio was 1.5x against the Fourth Medium-Term Plan target of 1.0x, leaving a gap with the financial targets. - FY2024-Q3Rise in equity ratio and increase in liabilitiesAnnual report
「Liabilities increased by ¥9,408 million from the end of the previous consolidated fiscal year to ¥688,269 million, mainly due to an increase in long-term borrowings, including the portion due for repayment within one year, and other factors. Net assets increased by ¥14,188 million from the end of the previous consolidated fiscal year to ¥258,859 million, mainly due to an increase in foreign currency translation adjustments and other factors. As a result, the equity ratio increased by 0.6 percentage points from the end of the previous consolidated fiscal year to 26.1%.」
Liabilities increased due to an increase in long-term borrowings and other factors, while the equity ratio rose from 25.5% to 26.1% due to an increase in net assets. The direction of improvement in the financial position was mixed. - FY2024-Q2WorsenedAnnual report
「Liabilities increased by ¥35,098 million from the end of the previous consolidated fiscal year to ¥713,959 million, mainly due to increases in long-term borrowings, commercial paper and other factors. ... As a result, the equity ratio decreased by 0.2 percentage points from the end of the previous consolidated fiscal year to 25.3%.」
Liabilities increased due to increases in long-term borrowings and commercial paper, while the equity ratio fell from 25.5% to 25.3%. - FY2024-Q1AdvancedAnnual report
「Liabilities decreased by ¥2,657 million from the end of the previous consolidated fiscal year to ¥676,203 million, mainly due to a decrease in long-term borrowings and other factors. Net assets increased by ¥4,198 million from the end of the previous consolidated fiscal year to ¥248,869 million, mainly due to an increase in foreign currency translation adjustments and other factors. As a result, the equity ratio increased by 0.3 percentage points from the end of the previous consolidated fiscal year to 25.8%.」
Liabilities decreased due to a decrease in long-term borrowings and other factors, while the equity ratio rose from 25.5% to 25.8%. - FY2023-Q3WorsenedAnnual report
「Liabilities increased by ¥126,527 million from the end of the previous consolidated fiscal year to ¥700,264 million, mainly due to increases in commercial paper and long-term borrowings. Net assets decreased by ¥4,103 million from the end of the previous consolidated fiscal year to ¥262,600 million, mainly due to a decrease in retained earnings and other factors. As a result, the equity ratio decreased by 4.6 percentage points from the end of the previous consolidated fiscal year to 26.2%.」
Liabilities increased due to increases in commercial paper and long-term borrowings, while the equity ratio fell from 30.8% to 26.2% due to a decrease in retained earnings. - FY2023-Q2Increase in Liabilities and Decline in the Equity RatioAnnual report
「Liabilities increased by ¥61,501 million from the end of the previous consolidated fiscal year to ¥635,238 million, mainly due to increases in commercial paper, long-term borrowings and other factors. As a result, the equity ratio decreased by 1.6 percentage points from the end of the previous consolidated fiscal year to 29.2%.」
Liabilities increased due to increases in commercial paper and long-term borrowings, while the equity ratio fell from 30.8% to 29.2%. - FY2023-Q1Increase in Liabilities and Decline in the Equity RatioAnnual report
「Liabilities increased by ¥29,006 million from the end of the previous consolidated fiscal year to ¥602,743 million, mainly due to an increase in long-term borrowings and other factors. As a result, the equity ratio decreased by 0.4 percentage points from the end of the previous consolidated fiscal year to 30.4%.」
Liabilities increased due to an increase in long-term borrowings and other factors, while the equity ratio fell from 30.8% to 30.4%. The direction of improvement in the financial position has temporarily regressed. - FY2022AdvancedAnnual report
「Liabilities decreased by ¥29,275 million from the end of the previous consolidated fiscal year to ¥573,736 million, mainly due to a decrease in long-term borrowings and other factors. Net assets increased by ¥19,915 million from the end of the previous consolidated fiscal year to ¥266,704 million, mainly due to an increase in retained earnings and other factors. As a result, the equity ratio increased by 2.6 percentage points from the end of the previous consolidated fiscal year to 30.8%.」
The equity ratio rose from 28.2% to 30.8% due to decreases in long-term borrowings and other factors and an increase in retained earnings. The financial position is improving. - FY2022-Q3AdvancedAnnual report
「Liabilities decreased by ¥17,660 million from the end of the previous consolidated fiscal year to ¥585,351 million, mainly due to a decrease in long-term borrowings and other factors. Net assets increased by ¥17,446 million from the end of the previous consolidated fiscal year to ¥264,235 million, mainly due to an increase in retained earnings. As a result, the equity ratio increased by 1.9 percentage points from the end of the previous consolidated fiscal year to 30.1%.」
Liabilities decreased by ¥17,660 million due to a decrease in long-term borrowings and an increase in retained earnings, while the equity ratio rose from 28.2% at the end of the previous consolidated fiscal year to 30.1%. - FY2022-Q2AdvancedAnnual report
「Liabilities decreased by ¥23,940 million from the end of the previous consolidated fiscal year to ¥579,071 million, mainly due to a decrease in long-term borrowings and other factors. Net assets increased by ¥15,901 million from the end of the previous consolidated fiscal year to ¥262,690 million, mainly due to an increase in retained earnings. As a result, the equity ratio increased by 2 percentage points from the end of the previous consolidated fiscal year to 30.2%.」
The equity ratio rose from 28.2% to 30.2% due to decreases in long-term borrowings and other factors and an increase in net assets. The financial position is improving. - FY2022-Q1AdvancedAnnual report
「Liabilities decreased by ¥15,104 million from the end of the previous consolidated fiscal year to ¥587,907 million, mainly due to decreases in long-term borrowings and provisions. ... As a result, the equity ratio increased by 0.9 percentage points from the end of the previous consolidated fiscal year to 29.1%.」
Liabilities decreased by ¥15,104 million, while the equity ratio rose from 28.2% to 29.1%. Tangible progress was made in improving the financial position. - FY2021AdvancedAnnual report
「As a result, the equity ratio increased by 2.1 percentage points from the end of the previous consolidated fiscal year to 28.2%.」
The equity ratio rose from 26.1% to 28.2%. The Fourth Medium-Term Plan sets a target net debt-to-equity ratio of no more than 1.0x, updating the numerical targets for strengthening the financial position. - FY2021-Q3Increase in liabilities due to acquisitions and other factors and rise in equity ratioAnnual report
「Liabilities increased by ¥49,516 million from the end of the previous consolidated fiscal year to ¥603,039 million, mainly due to an increase in long-term borrowings and other factors. Net assets increased by ¥26,631 million from the end of the previous consolidated fiscal year to ¥236,168 million, mainly due to the issuance of shares upon conversion of convertible bonds and other factors. As a result, the equity ratio increased by 1.3 percentage points from the end of the previous consolidated fiscal year to 27.4%.」
Liabilities increased due to an increase in long-term borrowings and other factors, while net assets increased due to the issuance of shares upon conversion of convertible bonds and other factors, causing the equity ratio to rise from 26.1% to 27.4%. The direction of improvement in the financial position was mixed. - FY2021-Q2Increase in liabilities and rise in equity ratioAnnual report
「Liabilities increased by ¥39,743 million from the end of the previous consolidated fiscal year to ¥593,266 million, mainly due to an increase in long-term borrowings and other factors. Net assets increased by ¥23,361 million from the end of the previous consolidated fiscal year to ¥232,897 million, mainly due to the issuance of shares upon conversion of convertible bonds and other factors. As a result, the equity ratio increased by 1.4 percentage points from the end of the previous consolidated fiscal year to 27.5%.」
Liabilities increased due to an increase in long-term borrowings and other factors, while the equity ratio rose from 26.1% to 27.5% due to the issuance of shares upon conversion of convertible bonds and other factors. - FY2021-Q1Increase in liabilities associated with acquisitions and other factors and decline in equity ratioAnnual report
「Liabilities increased by ¥45,585 million from the end of the previous consolidated fiscal year to ¥599,109 million, mainly due to an increase in long-term borrowings and other factors. Net assets decreased by ¥4,202 million from the end of the previous consolidated fiscal year to ¥205,334 million, mainly due to a decrease in non-controlling interests and other factors. As a result, the equity ratio decreased by 0.8 percentage points from the end of the previous consolidated fiscal year to 25.3%.」
Liabilities, including long-term borrowings, increased due to acquisitions in Turkey and Brazil and other factors, while the equity ratio fell from 26.1% to 25.3%. - FY2020AdvancedAnnual report
「As a result, the equity ratio increased by 1.2 percentage points from the end of the previous consolidated fiscal year to 26.1%.」
The equity ratio rose from 24.9% at the end of the previous fiscal year to 26.1%. However, liabilities increased by ¥6,997 million, mainly due to income taxes payable and other taxes payable associated with an increase in profit before income taxes, indicating limited progress in reducing liabilities. - FY2020-Q3Increase in liabilities, rise in equity ratioAnnual report
「Liabilities increased by ¥11,343 million from the end of the previous consolidated fiscal year to ¥557,870 million, mainly due to increases in income taxes payable and other taxes payable resulting from higher taxable income following the sale of investment securities and other factors, and an increase in commercial paper. ... As a result, the equity ratio increased by 0.6 percentage points from the end of the previous consolidated fiscal year to 25.5%.」
Liabilities increased by ¥11,343 million, while the equity ratio rose from 24.9% to 25.5% due to an increase in retained earnings. The direction of improvement in the financial position was mixed. - FY2020-Q2Rise in equity ratio and increase in liabilitiesAnnual report
「Liabilities increased by ¥2,118 million from the end of the previous consolidated fiscal year to ¥548,645 million, mainly due to an increase in income taxes payable and other taxes payable resulting from higher taxable income following the sale of investment securities and other factors. Net assets increased by ¥1,480 million from the end of the previous consolidated fiscal year to ¥200,819 million, mainly due to an increase in retained earnings. As a result, the equity ratio increased by 0.5 percentage points from the end of the previous consolidated fiscal year to 25.4%.」
Total liabilities increased by ¥2,118 million, while the equity ratio rose from 24.9% to 25.4% due to an increase in retained earnings. Progress in reducing liabilities and improving the equity ratio was mixed. - FY2020-Q1AdvancedAnnual report
「Liabilities decreased by ¥6,330 million from the end of the previous consolidated fiscal year to ¥540,197 million, mainly due to a decrease in long-term borrowings. As a result, the equity ratio increased by 0.4 percentage points from the end of the previous consolidated fiscal year to 25.3%.」
Liabilities decreased by ¥6,330 million due to a decrease in long-term borrowings, while the equity ratio rose from 24.9% to 25.3%. Progress was made in improving the financial position. - FY2019Increase in interest-bearing debt associated with capital investment and decline in equity ratioAnnual report
「Liabilities increased by ¥53,451 million from the end of the previous consolidated fiscal year to ¥546,527 million, mainly due to an increase in interest-bearing debt resulting from capital investment. ... As a result, the equity ratio decreased by 1.0 percentage point from the end of the previous consolidated fiscal year to 24.9%.」
Liabilities increased in connection with capital investment, while the equity ratio fell from 25.9% to 24.9%. Progress toward reducing interest-bearing debt and improving the equity ratio has temporarily regressed. - FY2019-Q3Increase in Interest-Bearing Debt and Decline in Equity RatioAnnual report
「Liabilities increased by ¥60,224 million from the end of the previous consolidated fiscal year to ¥553,300 million, mainly due to an increase in interest-bearing debt resulting from capital investment. ... As a result, the equity ratio decreased by 1.6 percentage points from the end of the previous consolidated fiscal year to 24.3%.」
Interest-bearing debt increased in connection with capital investment, while the equity ratio fell from 25.9% to 24.3%. The direction of improvement in the financial position has regressed from the previous quarter. - FY2019-Q2Increase in interest-bearing debt associated with capital investment and rise in equity ratioAnnual report
「Liabilities increased by ¥20,291 million from the end of the previous consolidated fiscal year to ¥513,367 million, mainly due to an increase in interest-bearing debt resulting from capital investment. As a result, the equity ratio increased by 0.4 percentage points from the end of the previous consolidated fiscal year to 26.3%.」
Interest-bearing debt increased in connection with capital investment at the Kawanoe Plant and elsewhere, while the equity ratio rose from 25.9% to 26.3%. Progress in improving the financial position was mixed. - FY2019-Q1Higher Interest-Bearing Debt and Lower Equity RatioAnnual report
「As a result, the equity ratio decreased by 0.7 percentage points from the end of the previous consolidated fiscal year to 25.2%.」
Liabilities increased by ¥19,366 million from the end of the previous consolidated fiscal year due to an increase in interest-bearing debt, while the equity ratio fell from 25.9% to 25.2%. Progress toward the financial targets has temporarily regressed. - FY2018Failure to meet the financial targets of the Second Medium-Term Business PlanAnnual report
「However, due in part to the ¥33.5 billion spent on an M&A transaction in April 2017, the net debt-to-equity ratio was 1.6x at the end of fiscal 2017, and net interest-bearing debt was ¥30 billion above the target.」
Net interest-bearing debt was ¥280 billion, the net debt-to-equity ratio was 1.6x and the equity ratio was 25.9%, below the financial targets of the Second Medium-Term Business Plan. - FY2018-Q3Decline in the Equity RatioAnnual report
「As a result, the equity ratio decreased by 0.6 percentage points from the end of the previous consolidated fiscal year to 26.2%.」
The equity ratio fell from 26.8% at the end of the previous consolidated fiscal year to 26.2%. Liabilities also increased due to an increase in consolidated subsidiaries and bond issuance, among other factors. - FY2018-Q2AdvancedAnnual report
「Liabilities increased by ¥10,330 million from the end of the previous consolidated fiscal year to ¥476,998 million. The main factors were increases of ¥10,678 million in notes and accounts payable–trade and ¥5,067 million in other current liabilities, partly offset by a ¥5,504 million decrease in long-term borrowings, including the portion due for repayment within one year. ... The equity ratio increased by 0.2 percentage points from the end of the previous consolidated fiscal year to 27.0%.」
Total liabilities increased, but long-term borrowings decreased and the equity ratio rose from 26.8% to 27.0%. - FY2018-Q1Decline in the Equity RatioAnnual report
「The equity ratio decreased by 0.6 percentage points from the end of the previous consolidated fiscal year to 26.2%.」
The equity ratio fell from 26.8% at the end of the previous consolidated fiscal year to 26.2%. Liabilities also increased by ¥16,375 million, indicating that progress in improving the financial position has stalled. - FY2017AdvancedAnnual report
「Liabilities decreased by ¥14,822 million from the end of the previous consolidated fiscal year to ¥466,668 million. The main factors were a ¥4,980 million increase in bonds, including those due for redemption within one year, and decreases of ¥14,706 million in long-term borrowings, including the portion due for repayment within one year, and ¥7,200 million in short-term borrowings. ... The equity ratio increased by 1.9 percentage points from the end of the previous consolidated fiscal year to 26.8%.」
Long-term and short-term borrowings decreased, and the equity ratio rose from 24.9% to 26.8%. The disclosure describes progress in improving the financial position toward targets including an equity ratio of 28% for the fiscal year ending March 2018. - FY2017-Q3AdvancedAnnual report
「The main factor was a ¥9,543 million decrease in cash and deposits due to repayment of borrowings and other factors. ... The equity ratio increased by 0.9 percentage points from the end of the previous consolidated fiscal year to 25.8%.」
Due to repayment of borrowings and other factors, short-term borrowings decreased by ¥7,100 million and long-term borrowings by ¥6,955 million, while the equity ratio rose from 24.9% at the end of the previous consolidated fiscal year to 25.8%. - FY2017-Q2AdvancedAnnual report
「Liabilities decreased by ¥22,649 million from the end of the previous consolidated fiscal year to ¥458,841 million. The main factors were decreases of ¥7,000 million in short-term borrowings, ¥4,037 million in long-term borrowings, including the portion due for repayment within one year, and ¥5,432 million in other current liabilities. Net assets increased by ¥151 million from the end of the previous consolidated fiscal year to ¥174,971 million. The main factors were increases of ¥2,483 million in retained earnings, ¥1,808 million in non-controlling interests and ¥550 million in valuation difference on other securities, partly offset by a ¥4,720 million decrease in foreign currency translation adjustments. The equity ratio increased by 0.6 percentage points from the end of the previous consolidated fiscal year to 25.5%.」
Short-term and long-term borrowings decreased, while the equity ratio rose from 24.9% to 25.5%. The disclosure indicates tangible progress in improving the financial position. - FY2017-Q1Decrease in borrowings and decline in equity ratioAnnual report
「Liabilities decreased by ¥2,920 million from the end of the previous consolidated fiscal year to ¥478,570 million. The main factor was a ¥2,571 million decrease in long-term borrowings, including the portion due for repayment within one year. ... The equity ratio decreased by 0.1 percentage points from the end of the previous consolidated fiscal year to 24.8%.」
While long-term borrowings decreased, the equity ratio fell from 24.9% to 24.8%, indicating mixed progress in improving the financial position. - FY2016First statedAnnual report
「In addition to expanding earnings, we will continue working to reduce interest-bearing debt and improve the equity ratio through more efficient management of our assets, reductions in inventories and trade receivables, and more efficient use of funds through further enhancement of the Cash Management System.」
The measures identified to improve the financial position were more efficient use of assets, working capital reduction and more efficient use of funds. The equity ratio for the fiscal year was 24.9%, up 1.2 percentage points year on year.