Increase in Total Assets and Borrowings and Decline in Equity Ratio Associated with the Acquisition of Subsidiaries
First written in FY2018-Q1. . Latest entry: FY2026.
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- FY2026Capital expenditures and higher borrowings, but a higher equity ratioAnnual report
「As a result of these factors, total assets at the end of the current consolidated fiscal year increased by ¥882 million, or 7.9%, from the end of the previous consolidated fiscal year to ¥12.099 billion.」
Total assets increased 7.9% due to the acquisition of manufacturing equipment and an increase in long-term borrowings, while the equity ratio increased from 49.8% to 51.3%. - FY2026-H1Capital expenditures and higher borrowings, but a higher equity ratioAnnual report
「As a result, total assets at the end of the interim period of the current consolidated fiscal year increased by ¥118 million, or 1.1%, from the end of the previous consolidated fiscal year to ¥11.335 billion. The equity ratio at the end of the interim period of the current consolidated fiscal year was 52.4%, compared with 49.8% at the end of the previous consolidated fiscal year.」
Total assets increased 1.1% from the end of the previous fiscal year, while the equity ratio increased from 49.8% to 52.4% due to an increase in net assets. - FY2025-H1Increase in total assets and decline in the equity ratio due to capital expenditures and higher borrowingsAnnual report
「As a result, total assets at the end of the interim period of the current consolidated fiscal year increased by ¥415 million, or 3.9%, from the end of the previous consolidated fiscal year to ¥11.099 billion. The equity ratio at the end of the interim period of the current consolidated fiscal year was 48.4%, compared with 49.5% at the end of the previous consolidated fiscal year.」
Total assets increased 3.9% against a backdrop of the acquisition of new manufacturing equipment and long-term borrowings, while the equity ratio declined from 49.5% to 48.4%. - FY2024-Q3Decline in total assets and the equity ratioAnnual report
「As a result, total assets at the end of the third quarter of the current consolidated fiscal year decreased by ¥54 million, or 0.5%, from the end of the previous consolidated fiscal year to ¥10.730 billion. The equity ratio at the end of the third quarter of the current consolidated fiscal year was 47.8%, compared with 48.2% at the end of the previous consolidated fiscal year.」
Total assets decreased 0.5% from the end of the previous fiscal year, and the equity ratio also declined from 48.2% to 47.8%. Fixed liabilities decreased mainly due to repayments of long-term borrowings. - FY2024-Q2Decrease in total assets and increase in the equity ratioAnnual report
「As a result, total assets at the end of the second quarter of the current consolidated fiscal year decreased by ¥34 million, or 0.3%, from the end of the previous consolidated fiscal year to ¥10.750 billion. The equity ratio at the end of the second quarter of the current consolidated fiscal year was 48.9%, compared with 46.8% at the end of the previous consolidated fiscal year.」
Total assets decreased 0.3% from the end of the previous fiscal year, while the equity ratio increased from 46.8% to 48.9% due to repayments of long-term borrowings and other factors. - FY2024-Q1Slight increase in total assets, with a decline in the equity ratioAnnual report
「As a result, total assets at the end of the first quarter of the current consolidated fiscal year increased by ¥46 million, or 0.4%, from the end of the previous consolidated fiscal year to ¥10.831 billion. The equity ratio at the end of the first quarter of the current consolidated fiscal year was 47.6%, compared with 48.2% at the end of the previous consolidated fiscal year.」
Total assets increased 0.4% from the end of the previous fiscal year, while the equity ratio declined from 48.2% to 47.6% due to changes in the financial position, including a decrease in long-term borrowings. - FY2023-Q3Debt repayments reduced total assets and increased the equity ratioAnnual report
「As a result, total assets at the end of the third quarter of the current consolidated fiscal year decreased by ¥297 million, or 2.7%, from the end of the previous consolidated fiscal year to ¥10.779 billion. Fixed liabilities at the end of the third quarter of the current consolidated fiscal year decreased by ¥307 million, or 12.3%, from the end of the previous consolidated fiscal year to ¥2.2 billion. This was mainly due to a decrease in long-term borrowings. The equity ratio at the end of the third quarter of the current consolidated fiscal year was 49.0%, compared with 46.8% at the end of the previous consolidated fiscal year.」
Total assets and fixed liabilities decreased mainly due to repayments of long-term borrowings, while the equity ratio increased from 46.8% to 49.0%. - FY2023-Q2Decrease in total assets and increase in the equity ratioAnnual report
「As a result, total assets at the end of the second quarter of the current consolidated fiscal year decreased by ¥332 million, or 3.0%, from the end of the previous consolidated fiscal year to ¥10.744 billion. The equity ratio at the end of the second quarter of the current consolidated fiscal year was 48.5%, compared with 46.8% at the end of the previous consolidated fiscal year.」
Total assets decreased 3.0% from the end of the previous fiscal year, while the equity ratio increased from 46.8% to 48.5% due to debt repayments and other factors. - FY2023-Q1Slight decline in total assets, with the equity ratio maintainedAnnual report
「As a result, total assets at the end of the first quarter of the current consolidated fiscal year decreased by ¥55 million, or 0.5%, from the end of the previous consolidated fiscal year to ¥11.021 billion. The equity ratio at the end of the first quarter of the current consolidated fiscal year was 46.8%, unchanged from the end of the previous consolidated fiscal year.」
Total assets decreased 0.5% from the end of the previous fiscal year, while the equity ratio remained at 46.8%, the same level as at the end of the previous fiscal year. - FY2022Post-acquisition increase in total assets and higher equity ratioAnnual report
「As a result of these factors, total assets at the end of the current consolidated fiscal year increased by ¥373 million, or 3.5%, from the end of the previous consolidated fiscal year to ¥11.077 billion. The conversion of Nihon PCS Co., Ltd. into a subsidiary increased many asset items, including cash and deposits and electronically recorded monetary claims.」
The conversion of Nihon PCS into a subsidiary increased total assets by 3.5%, while the equity ratio increased from 45.9% to 46.8% due to an increase in net assets. - FY2022-Q3Post-acquisition increase in total assets and higher equity ratioAnnual report
「As a result, total assets at the end of the third quarter of the current consolidated fiscal year increased by ¥391 million, or 3.7%, from the end of the previous consolidated fiscal year to ¥11.095 billion. The conversion of Nihon PCS Co., Ltd. into a subsidiary increased many asset items, including cash and deposits and electronically recorded monetary claims.」
The conversion of Nihon PCS into a subsidiary increased total assets 3.7% from the end of the previous fiscal year. The equity ratio increased from 45.9% to 46.2%. - FY2022-Q2Post-acquisition increases in assets and liabilities, with the equity ratio below the previous fiscal year-end but recovering from the first quarter-endAnnual report
「As a result, total assets at the end of the second quarter of the current consolidated fiscal year increased by ¥806 million, or 7.5%, from the end of the previous consolidated fiscal year to ¥11.510 billion. The conversion of Nihon PCS Co., Ltd. into a subsidiary increased many asset items, including cash and deposits, electronically recorded monetary claims and raw materials. As with the asset items, the conversion of Nihon PCS Co., Ltd. into a subsidiary increased liability items, including accounts payable and borrowings. The equity ratio at the end of the second quarter of the current consolidated fiscal year was 44.3%, compared with 45.9% at the end of the previous consolidated fiscal year.」
The conversion of Nihon PCS into a subsidiary increased total assets and liabilities. The equity ratio was 44.3%, below 45.9% at the end of the previous fiscal year but up from 42.8% at the end of the previous quarter. - FY2022-Q1Acquisition-driven increases in total assets and liabilities, with a decline in the equity ratioAnnual report
「As a result, total assets at the end of the first quarter of the current consolidated fiscal year increased by ¥883 million, or 8.3%, from the end of the previous consolidated fiscal year to ¥11.587 billion. The equity ratio at the end of the first quarter of the current consolidated fiscal year was 42.8%, compared with 45.9% at the end of the previous consolidated fiscal year.」
Total assets increased 8.3% due to the conversion of Nihon PCS into a subsidiary and other factors, while the equity ratio declined from 45.9% to 42.8%, partly due to increases in long- and short-term borrowings. - FY2021-Q3Decrease in total assets and increase in the equity ratioAnnual report
「As a result, total assets at the end of the third quarter of the current consolidated fiscal year decreased by ¥383 million, or 3.5%, from the end of the previous consolidated fiscal year to ¥10.544 billion. The equity ratio at the end of the third quarter of the current consolidated fiscal year was 45.8%, compared with 43.2% at the end of the previous consolidated fiscal year.」
Total assets decreased 3.5% from the end of the previous fiscal year, while the equity ratio increased from 43.2% to 45.8%. - FY2021-Q2Decrease in total assets and increase in the equity ratioAnnual report
「As a result, total assets at the end of the second quarter of the current consolidated fiscal year decreased by ¥515 million, or 4.7%, from the end of the previous consolidated fiscal year to ¥10.412 billion. The equity ratio at the end of the second quarter of the current consolidated fiscal year was 45.2%, compared with 43.2% at the end of the previous consolidated fiscal year.」
Total assets decreased 4.7% from the end of the previous fiscal year, while the equity ratio increased from 43.2% to 45.2%. - FY2021-Q1Decrease in total assets and increase in the equity ratioAnnual report
「Total assets at the end of the first quarter of the current consolidated fiscal year decreased by ¥256 million, or 2.3%, from the end of the previous consolidated fiscal year to ¥10.671 billion. The equity ratio at the end of the first quarter of the current consolidated fiscal year was 43.7%, compared with 43.2% at the end of the previous consolidated fiscal year.」
Total assets decreased 2.3% from the end of the previous fiscal year, while the equity ratio increased from 43.2% to 43.7%. - FY2020Decrease in total assets and increase in the equity ratioAnnual report
「As a result, total assets at the end of the current consolidated fiscal year decreased by ¥380 million, or 3.4%, from the end of the previous consolidated fiscal year to ¥10.927 billion. The equity ratio consequently increased from 40.1% at the end of the previous consolidated fiscal year to 43.2%.」
Total assets decreased 3.4% from the end of the previous fiscal year, while the equity ratio increased from 40.1% to 43.2% due to a decrease in long-term borrowings and an increase in net assets. - FY2020-Q3Decline in total assets, with a wider increase in the equity ratioAnnual report
「As a result, total assets at the end of the third quarter of the current consolidated fiscal year decreased by ¥163 million, or 1.4%, from the end of the previous consolidated fiscal year to ¥11.144 billion. The equity ratio at the end of the third quarter of the current consolidated fiscal year was 42.5%, compared with 40.1% at the end of the previous consolidated fiscal year.」
Total assets decreased 1.4% from the end of the previous fiscal year, while the equity ratio increased from 40.1% at the end of the previous fiscal year to 42.5%. - FY2020-Q2Decrease in total assets and increase in the equity ratioAnnual report
「As a result, total assets at the end of the second quarter of the current consolidated fiscal year decreased by ¥191 million, or 1.7%, from the end of the previous consolidated fiscal year to ¥11.116 billion. The equity ratio at the end of the second quarter of the current consolidated fiscal year was 41.7%, compared with 40.1% at the end of the previous consolidated fiscal year.」
Total assets decreased 1.7% from the end of the previous fiscal year, while the equity ratio increased from 40.1% to 41.7% due to a decrease in long-term borrowings and an increase in net assets. - FY2020-Q1Increase in total assets and decline in the equity ratioAnnual report
「As a result, total assets at the end of the first quarter of the current consolidated fiscal year increased by ¥188 million, or 1.7%, from the end of the previous consolidated fiscal year to ¥11.495 billion. The equity ratio at the end of the first quarter of the current consolidated fiscal year was 39.4%, compared with 40.1% at the end of the previous consolidated fiscal year.」
Total assets increased 1.7% from the end of the previous fiscal year due to increases in cash and deposits and short-term borrowings, among other factors. The equity ratio declined from 40.1% to 39.4%. - FY2019Equity ratio recoveredAnnual report
「As a result of these factors, total assets at the end of the current consolidated fiscal year increased by ¥311 million, or 2.8%, from the end of the previous consolidated fiscal year to ¥11.307 billion. The equity ratio consequently increased from 39.6% at the end of the previous consolidated fiscal year to 40.1%.」
Total assets increased 2.8% from the end of the previous fiscal year, while the equity ratio recovered from 39.6% to 40.1%. - FY2019-Q3Increase in total assets and borrowings, with a decline in the equity ratioAnnual report
「As a result, total assets at the end of the third quarter of the current consolidated fiscal year increased by ¥578 million, or 5.3%, from the end of the previous consolidated fiscal year to ¥11.575 billion. The equity ratio at the end of the third quarter of the current consolidated fiscal year was 38.0%, compared with 39.6% at the end of the previous consolidated fiscal year.」
Total assets increased 5.3% from the end of the previous consolidated fiscal year, while the equity ratio declined from 39.6% at the end of the previous fiscal year to 38.0%, partly due to an increase in short-term borrowings. - FY2019-Q2Total assets broadly flat, with a recovery in the equity ratioAnnual report
「As a result, total assets at the end of the second quarter of the current consolidated fiscal year increased by ¥11 million, or 0.1%, from the end of the previous consolidated fiscal year to ¥11.008 billion.」
Total assets were broadly flat, increasing 0.1% from the end of the previous consolidated fiscal year, while the equity ratio recovered from 39.6% at the end of the previous fiscal year to 40.9%. - FY2019-Q1Increase in total assets and decline in the equity ratioAnnual report
「As a result, total assets at the end of the first quarter of the current consolidated fiscal year decreased by ¥240 million, or 2.2%, from the end of the previous consolidated fiscal year to ¥11.236 billion. The equity ratio at the end of the first quarter of the current consolidated fiscal year was 38.6%, compared with 39.6% at the end of the previous consolidated fiscal year.」
Total assets and current liabilities increased due to increases in notes and accounts receivable and short-term borrowings, among other factors. The equity ratio declined from 39.6% at the end of the previous fiscal year to 38.6%. - FY2018Increase in total assets and liabilities, with a decline in the equity ratioAnnual report
「As a result of these factors, total assets at the end of the current consolidated fiscal year increased by ¥1.224 billion, or 12.5%, from the end of the previous consolidated fiscal year to ¥10.997 billion. The equity ratio consequently declined from 40.3% at the end of the previous consolidated fiscal year to 39.6%.」
The full-year results also showed increases in total assets and liabilities, including goodwill and borrowings associated with the conversion to a subsidiary. The equity ratio declined from 40.3% at the end of the previous fiscal year to 39.6%. - FY2018-Q3Continued increases in assets and borrowings, with a recovery in the equity ratioAnnual report
「As a result, total assets at the end of the third quarter of the current consolidated fiscal year increased by ¥977 million, or 10.0%, from the end of the previous consolidated fiscal year to ¥10.749 billion. The equity ratio at the end of the third quarter of the current consolidated fiscal year was 39.4%, compared with 40.3% at the end of the previous consolidated fiscal year.」
The increase in total assets and borrowings associated with the conversion to a subsidiary and other factors continued, with total assets up 10.0% from the end of the previous consolidated fiscal year. The equity ratio recovered from 38.8% at the end of the previous quarter to 39.4%, but remained below the 40.3% recorded at the end of the previous consolidated fiscal year. - FY2018-Q2Continued increases in assets and borrowings, with a smaller decline in the equity ratioAnnual report
「As a result, total assets at the end of the second quarter of the current consolidated fiscal year increased by ¥774 million, or 7.9%, from the end of the previous consolidated fiscal year to ¥10.546 billion. This was mainly due to goodwill arising from the conversion of Shinpo Furnace Materials Industry Co., Ltd. into a subsidiary. The equity ratio at the end of the second quarter of the current consolidated fiscal year was 38.8%, compared with 40.3% at the end of the previous consolidated fiscal year.」
Total assets continued to increase, including goodwill arising from the conversion to a subsidiary, while the equity ratio declined from 40.3% at the fiscal year-end to 38.8%. It had recovered from 36.5% in the first quarter of the previous fiscal year. - FY2018-Q1First statedAnnual report
「As a result, total assets at the end of the first quarter of the current consolidated fiscal year increased by ¥1.016 billion, or 10.4%, from the end of the previous consolidated fiscal year to ¥10.788 billion. This was mainly due to an increase in short-term borrowings.」
Following the conversion to a subsidiary, total assets increased 10.4% from the end of the previous consolidated fiscal year, while both short-term and long-term borrowings also increased. The equity ratio declined from 40.3% to 36.5%.