Rebuilding the financial base and restoring shareholders’ equity
First written in FY2016. 23 of 31 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「Although equity increased by ¥21,523 million, interest-bearing debt increased by ¥51,328 million, causing the D/E ratio to deteriorate by 0.15 from the end of the previous consolidated fiscal year to 0.57 times.」
Although net assets and equity increased, the D/E ratio deteriorated from 0.42 times to 0.57 times due to a substantial increase in interest-bearing debt. - 2026-04-28AdvancedRevision of earnings forecasts
「As a result, net assets increased by ¥23.953 billion from the end of the previous consolidated fiscal year to ¥297.811 billion.」
Net assets increased by ¥23.953 billion and equity by ¥2.1523 billion from the end of the previous fiscal year. Meanwhile, the equity ratio declined from 54.9% to 50.8%. - FY2026-H1AdvancedAnnual report
「Net assets totaled ¥285,701 million, an increase of ¥11,843 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥8,541 million in retained earnings, resulting mainly from the accumulation of interim net income attributable to owners of the parent, and ¥2,017 million in non-controlling interests.」
Net assets increased by ¥11,843 million from the end of the previous fiscal year, while equity increased by ¥9,825 million. The buildup of retained earnings and other items indicates a quantitative improvement in the financial base. - FY2025-H1AdvancedAnnual report
「Net assets amounted to ¥266,400 million, an increase of ¥6,451 million from the end of the previous consolidated fiscal year.」
Net assets increased from ¥259,948 million at the end of the previous fiscal year to ¥266,400 million, while equity also increased by ¥4,698 million. The buildup of retained earnings indicates a quantitative improvement in the financial base. - FY2024-Q3AdvancedAnnual report
「Net assets amounted to ¥250,998 million, an increase of ¥9,396 million from the end of the previous consolidated fiscal year. The main factors were a ¥6,722 million increase in retained earnings from the accumulation of net income attributable to owners of the parent and other factors, and a ¥3,128 million increase in valuation difference on available-for-sale securities.」
Net assets increased by ¥9,396 million and equity by ¥10,779 million from the end of the previous fiscal year. This marks quantitative progress in the financial foundation through the accumulation of retained earnings and other factors. - FY2024-Q2AdvancedAnnual report
「Net assets amounted to ¥248,135 million, an increase of ¥6,533 million from the end of the previous consolidated fiscal year. The main factors were a ¥3,584 million increase in retained earnings from the accumulation of net income attributable to owners of the parent and other factors, and a ¥2,606 million increase in valuation difference on available-for-sale securities.」
Net assets increased by ¥6,533 million and equity by ¥7,855 million from the end of the previous fiscal year. This marks quantitative progress in restoring equity. - FY2024-Q1AdvancedAnnual report
「Net assets amounted to ¥244,005 million, an increase of ¥2,402 million from the end of the previous consolidated fiscal year. The main factors were a ¥1,663 million increase in retained earnings from the accumulation of net income attributable to owners of the parent and other factors, and a ¥1,595 million increase in foreign currency translation adjustments.」
Net assets increased by ¥2,402 million and equity by ¥3,601 million from the end of the previous consolidated fiscal year. Increases in retained earnings and foreign currency translation adjustments marked quantitative progress in the financial foundation, while interest-bearing debt increased by ¥2,178 million. - FY2023WorsenedAnnual report
「Equity increased by ¥4,944 million, but the D/E ratio deteriorated by 0.13 from the end of the previous consolidated fiscal year to 0.62x because interest-bearing debt increased by ¥33,227 million.」
Net assets increased by ¥8,684 million, while equity decreased by ¥4,944 million, and the D/E ratio deteriorated from 0.49x to 0.62x due to higher interest-bearing debt. The figures indicate a reversal in progress toward restoring the financial foundation. - FY2023-Q3Net asset growth alongside a decline in equityAnnual report
「Net assets amounted to ¥240,102 million, an increase of ¥7,184 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥3,777 million in non-controlling interests and ¥3,479 million in retained earnings from the accumulation of net income attributable to owners of the parent and other factors.」
Net assets increased by ¥7,184 million, while equity decreased by ¥3,407 million from the end of the previous consolidated fiscal year. Net assets increased due to higher non-controlling interests and retained earnings, but the recovery in equity was uneven. - FY2023-Q2AdvancedAnnual report
「Net assets amounted to ¥241,702 million, an increase of ¥8,784 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥4,040 million in retained earnings from the accumulation of net income attributable to owners of the parent and other factors, and ¥3,699 million in non-controlling interests.」
Net assets increased by ¥8,784 million from the end of the previous consolidated fiscal year, with increases in retained earnings and non-controlling interests identified as factors supporting the financial foundation. - FY2023-Q1AdvancedAnnual report
「Net assets amounted to ¥235,725 million, an increase of ¥2,808 million from the end of the previous consolidated fiscal year. The main factors were a ¥1,958 million increase in retained earnings from the accumulation of net income attributable to owners of the parent and other factors, and a ¥1,968 million increase in foreign currency translation adjustments.」
Net assets increased by ¥2,808 million from the end of the previous consolidated fiscal year, with increases in retained earnings and foreign currency translation adjustments identified as factors. This represents quantitative progress in restoring the financial foundation and equity. - FY2022-Q3AdvancedAnnual report
「Net assets amounted to ¥216,437 million, an increase of ¥11,176 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥8,578 million in retained earnings from the accumulation of net income attributable to owners of the parent and other factors, ¥1,485 million in non-controlling interests, and ¥1,277 million in foreign currency translation adjustments.」
Net assets increased by ¥11,176 million from the end of March 2021, while retained earnings also increased by ¥8,578 million. This marks quantitative progress toward restoring the financial foundation. - FY2022-Q2AdvancedAnnual report
「Net assets amounted to ¥213,771 million, an increase of ¥8,510 million from the end of the previous consolidated fiscal year. The main factor was a ¥6,981 million increase in retained earnings from the accumulation of net income attributable to owners of the parent for the quarter, despite a decrease due to dividend payments.」
Net assets at the end of September 2021 amounted to ¥213,771 million, an increase of ¥8,510 million from the end of the previous consolidated fiscal year. The increase in retained earnings from the accumulation of quarterly net income was identified as a factor supporting the financial foundation. - FY2022-Q1AdvancedAnnual report
「Net assets amounted to ¥209,174 million, an increase of ¥3,913 million from the end of the previous consolidated fiscal year. The main factor was a ¥2,666 million increase in retained earnings from the accumulation of net income attributable to owners of the parent for the quarter, despite a decrease due to dividend payments.」
Net assets increased by ¥3,913 million from the end of the previous consolidated fiscal year, while retained earnings also increased by ¥2,666 million through the accumulation of quarterly net income. This marks quantitative progress toward restoring the financial foundation. - FY2021-Q3AdvancedAnnual report
「During the cumulative third quarter, the D/E ratio improved by 0.15 from the end of the previous consolidated fiscal year to 0.54x, as interest-bearing debt decreased by ¥15,993 million while equity increased by ¥16,769 million.」
Against the target of a D/E ratio of 1.0x or lower for FY2020, the ratio had improved to 0.54x at the end of the third quarter. This marks quantitative progress from reduced interest-bearing debt and increased equity. - FY2021-Q2AdvancedAnnual report
「The Medium-Term Management Plan sets a management target of a D/E ratio of 1.0x or lower for FY2020. During the cumulative second quarter, the D/E ratio improved by 0.07 from the end of the previous consolidated fiscal year to 0.62x, as interest-bearing debt decreased by ¥6,034 million while equity increased by ¥8,960 million.」
Against the target of a D/E ratio of 1.0x or lower for FY2020, the ratio had improved to 0.62x at the end of the second quarter. This marks quantitative progress from lower interest-bearing debt and higher equity. - FY2021-Q1AdvancedAnnual report
「The Medium-Term Management Plan sets a management target of a D/E ratio of 1.0x or lower for FY2020. During the cumulative first quarter, the D/E ratio improved by 0.03 from the end of the previous consolidated fiscal year to 0.66x, as interest-bearing debt decreased by ¥2,229 million while equity increased by ¥3,709 million.」
Against the target of a D/E ratio of 1.0x or lower for FY2020, the ratio had improved to 0.66x at the end of the first quarter. This marks quantitative progress from reduced interest-bearing debt and increased equity. - FY2020-Q3AdvancedAnnual report
「The Medium-Term Management Plan sets a management target of a D/E ratio of 1.0x or lower for FY2020. During the cumulative third quarter, the D/E ratio improved by 0.12 from the end of the previous consolidated fiscal year to 0.72x, as interest-bearing debt decreased by ¥9,042 million while equity increased by ¥13,596 million.」
Against the target of a D/E ratio of 1.0x or lower for FY2020, the ratio had improved to 0.72x at the end of the third quarter. It improved by 0.12 from the end of the previous consolidated fiscal year, marking quantitative progress from lower interest-bearing debt and higher equity. - FY2020-Q2AdvancedAnnual report
「The Medium-Term Management Plan sets a management target of a D/E ratio of 1.0x or lower for FY2020. During the cumulative second quarter, the D/E ratio improved by 0.08 from the end of the previous consolidated fiscal year to 0.76x, as interest-bearing debt decreased by ¥6,511 million while equity increased by ¥7,336 million.」
Against the target of a D/E ratio of 1.0x or lower for FY2020, the ratio had improved to 0.76x at the end of the second quarter. It improved by 0.08 from the end of the previous consolidated fiscal year, marking quantitative progress from lower interest-bearing debt and higher equity. - FY2020-Q1AdvancedAnnual report
「During the cumulative first quarter, the D/E ratio improved by 0.03 from the end of the previous consolidated fiscal year to 0.81x, mainly because interest-bearing debt decreased by ¥2,894 million and equity increased by ¥2,151 million.」
Against the target of a D/E ratio of 1.0x or lower for FY2020, the ratio had improved to 0.81x at the end of the first quarter. This marks quantitative progress from lower interest-bearing debt and higher equity. - FY2019AchievedAnnual report
「The Medium-Term Management Plan sets a management target of a D/E ratio of 1.0x or lower for FY2020. During the consolidated fiscal year, the D/E ratio improved by 0.27 from the end of the previous consolidated fiscal year to 0.84x, as interest-bearing debt decreased by ¥10,951 million and equity increased by ¥27,124 million. Although the management target under the Medium-Term Management Plan was achieved, we will continue working to improve the D/E ratio in the following fiscal year and beyond.」
The target D/E ratio of 1.0x or lower for FY2020 was achieved 2 years ahead of schedule, with the ratio at 0.84x at period-end. Reduced interest-bearing debt and increased equity were identified as the factors. - FY2019-Q3AdvancedAnnual report
「The Medium-Term Management Plan sets a management target of a D/E ratio of 1.0x or lower for FY2020. During the cumulative third quarter, the D/E ratio improved by 0.16 from the end of the previous consolidated fiscal year to 0.95x, as interest-bearing debt decreased by ¥8.559 billion while equity increased by ¥12.745 billion.」
Against the target of a D/E ratio of 1.0x or lower for FY2020, the ratio had improved to 0.95x at the end of December 2018. It improved by 0.16 from the end of the previous consolidated fiscal year due to reduced interest-bearing debt and increased equity. - FY2019-Q2AdvancedAnnual report
「The Medium-Term Management Plan sets a management target of a D/E ratio of 1.0x or lower for FY2020. During the cumulative second quarter, the D/E ratio improved by 0.11 from the end of the previous consolidated fiscal year to 1.00x, as interest-bearing debt decreased by ¥3.536 billion while equity increased by ¥10.555 billion.」
Against the target of a D/E ratio of 1.0x or lower for FY2020, the ratio was 1.00x at the end of the second quarter. It improved by 0.11 from the end of the previous fiscal year, marking quantitative progress from lower interest-bearing debt and higher equity. - FY2019-Q1AdvancedAnnual report
「The Medium-Term Management Plan sets a management target of a D/E ratio of 1.0x or lower for FY2020. During the cumulative first quarter, the D/E ratio improved by 0.06 from the end of the previous consolidated fiscal year to 1.05x, mainly because interest-bearing debt decreased by ¥3.393 billion and equity increased by ¥4.471 billion.」
The management target of a D/E ratio of 1.0x or lower for FY2020 was explicitly stated. The D/E ratio at the end of the first quarter was 1.05x, an improvement of 0.06 from the end of the previous fiscal year due to increased equity and reduced interest-bearing debt. - FY2018-Q3WorsenedAnnual report
「Net assets amounted to ¥124.815 billion, a decrease of ¥11.160 billion from the end of the previous consolidated fiscal year. The main factors were a ¥7.342 billion increase in retained earnings from the accumulation of net income attributable to owners of the parent for the quarter, offset by a ¥22.387 billion decrease in shareholders’ equity due to dividends on Class A preferred shares and their acquisition and cancellation.」
Net assets increased from the end of the second quarter, but decreased by ¥11.160 billion from the end of the previous consolidated fiscal year. The decrease in shareholders’ equity from the acquisition and cancellation of Class A preferred shares and other factors exceeded the accumulation of retained earnings, continuing to weigh on the recovery of the financial foundation. - FY2018-Q2WorsenedAnnual report
「Net assets amounted to ¥117.130 billion, a decrease of ¥18.846 billion from the end of the previous consolidated fiscal year. The main factor was a ¥22.387 billion decrease in shareholders’ equity due to dividends on Class A preferred shares and the acquisition and cancellation of Class A preferred shares.」
Net assets decreased by ¥18.846 billion from the end of the previous consolidated fiscal year. Dividends on Class A preferred shares and the resulting decrease in shareholders’ equity from their acquisition and cancellation were identified as factors weighing on the recovery of the financial foundation. - FY2018-Q1WorsenedAnnual report
「Net assets amounted to ¥106.575 billion, a decrease of ¥29.4 billion from the end of the previous consolidated fiscal year. The main factors were a ¥22.387 billion decrease in shareholders’ equity due to dividends on Class A preferred shares and the acquisition and cancellation of Class A preferred shares, and an ¥8.143 billion decrease in retained earnings due to the recording of a net loss attributable to owners of the parent for the quarter.」
Net assets decreased by ¥29.4 billion from the end of the previous consolidated fiscal year, with the acquisition and cancellation of Class A preferred shares and the quarterly net loss weighing on the recovery of the financial foundation. - FY2017-Q3AdvancedAnnual report
「Net assets amounted to ¥108.157 billion, an increase of ¥47.952 billion from the end of the previous consolidated fiscal year. The main factors were a ¥24.866 billion increase in retained earnings from the accumulation of net income attributable to owners of the parent for the quarter and a ¥20.0 billion increase in shareholders’ equity from the issuance of Class A preferred shares.」
Net assets at the end of the third quarter amounted to ¥108.157 billion, an increase of ¥47.952 billion from the end of the previous consolidated fiscal year. This marks quantitative progress in restoring the financial foundation through the issuance of Class A preferred shares and the accumulation of retained earnings. - FY2017-Q2AdvancedAnnual report
「Net assets amounted to ¥96.014 billion, an increase of ¥35.809 billion from the end of the previous consolidated fiscal year. The main factors were a ¥20.0 billion increase in shareholders’ equity from the issuance of Class A preferred shares and an ¥18.449 billion increase in retained earnings from the accumulation of net income attributable to owners of the parent for the quarter.」
Net assets increased by ¥35.809 billion from ¥60.205 billion at the end of the previous fiscal year to ¥96.014 billion, marking progress in restoring the financial foundation through the issuance of Class A preferred shares and the accumulation of retained earnings. - FY2017-Q1AdvancedAnnual report
「Net assets amounted to ¥83.150 billion, an increase of ¥22.945 billion from the end of the previous consolidated fiscal year. The main factor was a ¥20.0 billion increase in shareholders’ equity from the issuance of Class A preferred shares.」
Net assets increased by ¥22.945 billion from the end of the previous fiscal year as a result of the issuance of Class A preferred shares and quarterly profit, marking quantitative progress toward restoring the financial foundation. - FY2016First statedAnnual report
「“Rebuilding the financial foundation” was positioned as the top priority.」
Strengthening net assets impaired by the polysilicon business is the top priority, with the aim of restoring equity through accumulated profits and improved capital efficiency.