Komori
Tokuyama (4043) · TargetRestated

Obtaining a Single-A Rating by the End of the Medium-Term Management Plan

First written in FY2019-Q1. 5 of 9 entries say "Restated". Latest entry: FY2021-Q3.

9entries
4years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019-Q1 – FY2019-Q3RestatedFY2020-Q2 – FY2020-Q3AchievedFY2021-Q1 – FY2021-Q22018: 220182019: 320192020: 320202021: 12021
Same theme, other companies
Creditworthiness Assessment Using Issuer Credit RatingsA theme 18 companies write about · 0 as a headwind · 18 as a tailwind

The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.

7 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 18 companies compared. The sentences above are computed from all 18.
Full recordFilings, disclosures and news, newest first
  1. FY2021-Q3RestatedAnnual report

    「The Group has identified improving its financial position as a financial policy under its medium-term management plan and is working to build up equity and reduce interest-bearing debt. It also aims to obtain a single-A rating from a domestic rating agency at the end of the medium-term management plan. In line with this policy, as of the filing date of this report it had obtained and maintained single-A and single-A-minus ratings from 2 domestic rating agencies, respectively. The Group will continue to improve its financial position.」

    The target of obtaining a single-A rating at the end of the medium-term management plan, and the status of obtaining and maintaining single-A and single-A-minus ratings from 2 domestic rating agencies, have been reiterated with no material change from the previous quarter.
  2. FY2021-Q2AchievedAnnual report

    「The Group has identified improving its financial position as a financial policy under its medium-term management plan and is working to build up equity and reduce interest-bearing debt. It also aims to obtain a single-A rating from a domestic rating agency at the end of the medium-term management plan. In line with this policy, as of the filing date of this report it had obtained and maintained single-A and single-A-minus ratings from 2 domestic rating agencies, respectively. The Group will continue to improve its financial position.」

    Regarding the target of obtaining a single-A rating at the end of the medium-term management plan, the company disclosed that, as of the filing date, it had obtained and maintained single-A and single-A-minus ratings from 2 domestic rating agencies. The achievement of a single-A rating has been confirmed.
  3. FY2021-Q1AchievedAnnual report

    「The Group has identified improving its financial position as a financial policy under its medium-term management plan and is working to build up equity and reduce interest-bearing debt. It also aims to obtain a single-A rating from a domestic rating agency at the end of the medium-term management plan. In line with this policy, it obtained single-A-minus ratings from 2 domestic rating agencies in the previous consolidated fiscal year, and had obtained a single-A rating from 1 of them as of the filing date of this report. The Group will continue to improve its financial position.」

    Regarding the target of obtaining a single-A rating at the end of the medium-term management plan, the company has disclosed that it had obtained a single-A rating from 1 of 2 domestic rating agencies as of the filing date of this report.
  4. FY2020-Q3RestatedAnnual report

    「The Group has identified improving its financial position as a financial policy under its medium-term management plan and is working to build up equity and reduce interest-bearing debt. It also aims to obtain a single-A rating from a domestic rating agency at the end of the medium-term management plan. In line with this policy, it obtained a single-A-minus rating from a domestic rating agency. The Group will continue to improve its financial position.」

    The target of obtaining a single-A rating at the end of the medium-term management plan, and the single-A-minus rating already obtained, have been reiterated with no material change from the previous quarter.
  5. FY2020-Q2RestatedAnnual report

    「The group has set improving its financial position as a financial policy under the medium-term management plan and is advancing the accumulation of equity and reduction of interest-bearing debt. It aims to obtain a single-A rating from a domestic credit rating agency at the end of the medium-term management plan and, under this policy, obtained a single-A-minus rating from a domestic credit rating agency.」

    The target of obtaining a single-A rating at the end of the medium-term management plan, and the single-A-minus rating already obtained, have been reiterated with no material change from the previous quarter.
  6. FY2020-Q1AdvancedAnnual report

    「The company aims to obtain a single-A rating from a domestic credit rating agency at the end of the medium-term management plan and, under this policy, obtained a single-A-minus rating from a domestic credit rating agency on 19 July 2019.」

    Against the goal of obtaining a single-A rating at the end of the medium-term management plan, the company obtained a single-A-minus rating on 19 July 2019. The disclosure shows a specific rating achievement toward the goal, but does not state that the single-A rating itself had been obtained.
  7. FY2019-Q3RestatedAnnual report

    「The group has set improving its financial position as a financial policy under the medium-term management plan and is advancing the accumulation of equity and reduction of interest-bearing debt. It also aims to obtain a single-A rating from a domestic credit rating agency at the end of the medium-term management plan.」

    The company is advancing the accumulation of equity and reduction of interest-bearing debt, and has reiterated its goal of obtaining a single-A rating at the end of the medium-term management plan.
  8. FY2019-Q2RestatedAnnual report

    「The group has set improving its financial position as a financial policy under the medium-term management plan and is advancing the accumulation of equity and reduction of interest-bearing debt. It also aims to obtain a single-A rating from a domestic credit rating agency at the end of the medium-term management plan.」

    The company is advancing the accumulation of equity and reduction of interest-bearing debt, and has reiterated its goal of obtaining a single-A rating at the end of the medium-term management plan.
  9. FY2019-Q1First statedAnnual report

    「The group has set improving its financial position as a financial policy under the medium-term management plan and is advancing the accumulation of equity and reduction of interest-bearing debt. It also aims to obtain a single-A rating from a domestic credit rating agency at the end of the medium-term management plan.」

    As part of its policy to improve the financial position, the company has stated for the first time its goal of obtaining a single-A rating from a domestic credit rating agency at the end of the medium-term management plan.
Moved together

"No dividends while prioritizing financial soundness, with an early resumption of dividends" moved the same way as this thread, in the same document, in 3 of its 9 moves.

33322★12345
  1. ★This thread
  2. 1No dividends while prioritizing financial soundness, with an early resumption of dividends3×
  3. 2Rebuilding the financial base and restoring shareholders’ equity3×
  4. 3Reduction of Interest-Bearing Debt and Early Repayment Under the Medium-Term Management Plan3×
  5. 4Raw Material and Fuel Market Conditions and Procurement Risk2×
  6. 5Investment to Expand Growth Businesses and Strengthen the Competitiveness of Traditional Businesses2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Tokuyama's next results are scheduled for 2026-10-29. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Obtaining a Single-A Rating by the End of the Medium-Term Management Plan | Tokuyama Corporation (4043) | Komori