Strengthening the Financial Position While Balancing Growth Investment and Financial Discipline
First written in FY2023. 4 of 10 entries say "Worsened", first in FY2026-H1. Latest entry: FY2026.
Excite Holdings moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 3 of 27 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The equity ratio at the end of the fiscal year was 32.3%, and we maintained a sound financial position.」
The Company describes its financial position as sound, although the equity ratio declined from 33.7% at the end of the previous consolidated fiscal year to 32.3%. It also disclosed increased borrowings following the acquisition of ONE MEDICAL. - FY2026-H1WorsenedAnnual report
「Equity ratio (%) 59.6 32.7 33.8」
The equity ratio was 32.7% at the end of the current interim consolidated accounting period, down from 33.8% at the end of the previous consolidated fiscal year. - FY2025-H1AdvancedAnnual report
「Equity ratio (%) 56.5 59.6 57.5」
The equity ratio was 59.6% at the end of September 2024, above 57.5% at the end of March 2024. Borrowings related to the acquisition of ONE MEDICAL were executed after the interim period-end. - FY2024AdvancedAnnual report
「Goodwill and interest-bearing debt accounted for 18.6% and 42.2% of total assets, respectively. Following the management reforms described in “4. Status After Delisting,” the Group’s performance improved, and at the end of the fiscal year goodwill and interest-bearing debt accounted for 13.2% and 18.1% of total assets, respectively.」
Following the LBO, goodwill and interest-bearing debt ratios declined to 13.2% and 18.1%, respectively, while the equity ratio reached 57.5%. - FY2024-Q3RestatedAnnual report
「Equity ratio (%) 42.3 56.3 44.4」
The equity ratio was 56.3% as of 31 December 2023, remaining above the 44.4% recorded at the end of March 2023. - FY2024-Q2RestatedAnnual report
「Equity ratio (%) 56.5 44.4」
The equity ratio was 56.5% as of 30 September 2023, above the 44.4% recorded at the end of March 2023. It was largely unchanged from 56.4% in the previous quarter. - FY2024-Q1AdvancedAnnual report
「The equity ratio at the end of the first quarter of the current consolidated accounting period was 56.4%, an increase of 12.0 percentage points from the end of the previous consolidated fiscal year.」
The equity ratio rose from 44.4% at the end of the previous consolidated fiscal year to 56.4%, an increase of 12.0 percentage points. - FY2023First statedAnnual report
「As a result of our efforts to improve performance and cash management, financial soundness indicators such as the equity ratio and interest-bearing debt ratio have improved substantially. We will continue working to further strengthen our financial position while balancing growth investment and financial discipline.」
The policy is to continue growth investment while further improving financial soundness following improvements in the equity ratio and interest-bearing debt ratio.