Higher Debt and Lower Equity Ratio Following Convertible Bond Issuance and the Acquisition of iVision
First written in FY2023-Q3. 1 of 7 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 8 of 36 companies on the "Worse" side.
16 other companies' latest entry also says "Other".
- FY2026-H1Decline in the Equity RatioAnnual report
「As a result, the equity ratio was 43.5% (44.8% at the end of the previous consolidated fiscal year).」
Although retained earnings increased, the equity ratio fell from 44.8% at the end of the previous fiscal year to 43.5% due to an increase in liabilities and other factors. - FY2025Decline in the Equity RatioAnnual report
「As a result, the equity ratio was 44.8% (53.6% at the end of the previous consolidated fiscal year).」
The equity ratio fell from 53.6% to 44.8% due to increases in goodwill, liabilities and long-term borrowings associated with the acquisition of subsidiaries, among other factors. - FY2025-H1Equity ratio fell backAnnual report
「As a result, the equity ratio was 52.3% (53.6% at the end of the previous consolidated fiscal year).」
Although retained earnings increased, the equity ratio fell from 53.6% to 52.3% due to dividend payments and other factors. - FY2024Equity ratio recoveredAnnual report
「As a result, the equity ratio was 53.6% (50.9% at the end of the previous consolidated fiscal year).」
The equity ratio, which had declined following the issuance of convertible bonds and the acquisition, rose from 50.9% to 53.6% due to an increase in retained earnings and other factors. - FY2024-H1Equity ratio fell backAnnual report
「As a result, the equity ratio was 50.5% (50.9% at the end of the previous consolidated fiscal year).」
The equity ratio fell to 50.5%, below the 50.9% recorded at the end of the previous consolidated fiscal year, and also declined from 52.8% as of the most recent first-quarter report. - FY2024-Q1AdvancedAnnual report
「As a result, the equity ratio was 52.8%, compared with 50.9% at the end of the previous consolidated fiscal year.」
The equity ratio increased from 50.9% at the end of the previous consolidated fiscal year to 52.8%. - FY2023-Q3First statedAnnual report
「Although net assets increased steadily, the equity ratio was 50.5%, compared with 64.9% at the end of the previous consolidated fiscal year, due to funding through convertible bond-type bonds with stock acquisition rights and the consolidation of アイヴィジョン as a subsidiary.」
The recognition of ¥500.000 million in convertible bond-type bonds with stock acquisition rights and the consolidation of アイヴィジョン as a subsidiary increased liabilities and assets, while the equity ratio declined from 64.9% to 50.5%.