Debt Reduction and a Financial Base with a 68.5% Equity Ratio
First written in FY2017-Q1. 23 of 37 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-07-30.
The whole theme swung hardest in 2017: 2 of 16 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- 2026-07-30ReframedEarnings
「As a result, the equity ratio was 72.7%.」
The equity ratio declined from 73.1% at the end of the previous fiscal year to 72.7%. - FY2026AdvancedAnnual report
「Total liabilities at the end of the current consolidated fiscal year were ¥15,890 million, down ¥1,073 million from the end of the previous consolidated fiscal year, while total net assets were ¥57,206 million, up ¥1,831 million. As a result, the equity ratio was 73.1%.」
The equity ratio rose from 71.6% in the previous fiscal year to 73.1% as liabilities were reduced and net assets increased. - 2026-05-14AdvancedEarnings
「As a result, the equity ratio was 73.1%.」
The equity ratio increased from 71.6% at the end of the previous fiscal year to 73.1%. - FY2026-H1AdvancedAnnual report
「Total liabilities at the end of the interim consolidated accounting period were ¥16,730 million, down ¥232 million from the end of the previous consolidated fiscal year. Non-current liabilities were ¥5,141 million, down ¥93 million, mainly due to a decrease in long-term borrowings. As a result, the equity ratio was 71.7%.」
Total liabilities and non-current liabilities, including long-term borrowings, decreased, and the equity ratio rose from 71.6% at the end of the previous fiscal year to 71.7%. - FY2025AdvancedAnnual report
「Total liabilities at the end of the current consolidated fiscal year were ¥16,963 million, down ¥1,303 million from the end of the previous consolidated fiscal year, while total net assets were ¥55,375 million, up ¥37 million. As a result, the equity ratio was 71.6%.」
Liability reduction and a slight increase in net assets lifted the equity ratio from 70.4% in the previous fiscal year to 71.6%. - FY2025-H1ReframedAnnual report
「Total liabilities at the end of the interim consolidated accounting period were ¥18,382 million, up ¥115 million from the end of the previous consolidated fiscal year. Current liabilities were ¥12,053 million, up ¥789 million, mainly due to an increase in electronically recorded obligations. Non-current liabilities were ¥6,329 million, down ¥674 million, mainly due to a decrease in long-term borrowings. As a result, the equity ratio was 70.0%.」
Long-term borrowings and non-current liabilities decreased, while current liabilities and total liabilities increased, mainly due to electronically recorded obligations. The equity ratio fell from 70.4% at the end of the previous fiscal year to 70.0%. - FY2024AdvancedAnnual report
「Total liabilities at the end of the current consolidated fiscal year were ¥18,267 million, down ¥747 million from the end of the previous consolidated fiscal year, while total net assets were ¥55,337 million, up ¥3,718 million. As a result, the equity ratio was 70.4%.」
Liability reduction and growth in net assets progressed, and the equity ratio rose from 68.3% in the previous fiscal year to 70.4%. - FY2024-Q3AdvancedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥18,137 million, down ¥876 million from the end of the previous consolidated fiscal year. Current liabilities were ¥11,203 million, down ¥1,181 million, mainly due to a decrease in short-term borrowings. Non-current liabilities were ¥6,933 million, up ¥304 million, mainly due to an increase in deferred tax liabilities. As a result, the equity ratio was 69.9%.」
Total liabilities decreased by ¥876 million from the end of the previous fiscal year, while current liabilities and short-term borrowings also declined. The equity ratio rose from 68.3% to 69.9%. - FY2024-Q2AdvancedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥18,365 million, down ¥649 million from the end of the previous consolidated fiscal year. Current liabilities were ¥11,557 million, down ¥827 million, mainly due to a decrease in short-term borrowings. Non-current liabilities were ¥6,808 million, up ¥178 million, mainly due to an increase in deferred tax liabilities. As a result, the equity ratio was 69.5%.」
Total liabilities and current liabilities decreased from the end of the previous fiscal year, and the equity ratio rose from 68.3% to 69.5%. - FY2024-Q1AdvancedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥18,723 million, down ¥290 million from the end of the previous consolidated fiscal year. Current liabilities were ¥12,152 million, down ¥232 million, mainly due to a decrease in electronically recorded obligations. Non-current liabilities were ¥6,570 million, down ¥58 million, mainly due to a decrease in long-term borrowings. As a result, the equity ratio was 68.8%.」
Total liabilities, current liabilities and non-current liabilities decreased from the end of the previous fiscal year, and long-term borrowings also declined. The equity ratio rose from 67.3% to 68.8%. - FY2023AdvancedAnnual report
「Total liabilities at the end of the current consolidated fiscal year were ¥19,014 million, down ¥551 million from the end of the previous consolidated fiscal year. Non-current liabilities were ¥6,629 million, down ¥652 million, mainly due to a decrease in long-term borrowings. As a result, the equity ratio was 68.3%.」
Total liabilities and non-current liabilities decreased from the end of the previous fiscal year, and progress was made in reducing long-term borrowings. The equity ratio rose from 67.3% in the previous fiscal year to 68.3%. - FY2023-Q3AdvancedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥19,186 million, down ¥379 million from the end of the previous consolidated fiscal year. Current liabilities were ¥12,265 million, down ¥18 million. Non-current liabilities were ¥6,920 million, down ¥360 million, mainly due to a decrease in long-term borrowings.」
Total liabilities and non-current liabilities decreased from the end of the previous fiscal year, and progress was made in reducing long-term borrowings. The equity ratio was 67.8%. - FY2023-Q2AdvancedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥18,823 million, down ¥742 million from the end of the previous consolidated fiscal year. Non-current liabilities were ¥6,902 million, down ¥379 million, mainly due to a decrease in long-term borrowings. As a result, the equity ratio was 68.0%.」
Total liabilities and non-current liabilities decreased from the end of the previous fiscal year, and progress was made in reducing long-term borrowings. The equity ratio rose from 67.3% at the end of the previous fiscal year to 68.0%. - FY2023-Q1AdvancedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥18,667 million, down ¥899 million from the end of the previous consolidated fiscal year. Current liabilities were ¥11,735 million, down ¥549 million. Non-current liabilities were ¥6,931 million, down ¥349 million, mainly due to a decrease in long-term borrowings.」
Total liabilities, current liabilities and non-current liabilities decreased from the end of the previous fiscal year, and long-term borrowings were also reduced. The equity ratio rose from 67.3% to 68.1%. - FY2022SoftenedAnnual report
「Total liabilities at the end of the current consolidated fiscal year were ¥19,566 million, up ¥2,428 million from the end of the previous consolidated fiscal year. Current liabilities were ¥12,284 million, down ¥61 million, mainly due to a decrease in long-term borrowings due within one year. Non-current liabilities were ¥7,281 million, up ¥2,490 million, mainly due to an increase in long-term borrowings.」
Current liabilities decreased, while non-current liabilities, including long-term borrowings, increased, resulting in a ¥2,428 million increase in total liabilities from the end of the previous fiscal year. The equity ratio also fell from 69.2% to 67.3%. - FY2022-Q3ReframedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥17,878 million, up ¥741 million from the end of the previous consolidated fiscal year. Current liabilities were ¥11,915 million, down ¥430 million, mainly due to a decrease in long-term borrowings due within one year. Non-current liabilities were ¥5,963 million, up ¥1,172 million, mainly due to an increase in long-term borrowings. As a result, the equity ratio was 68.7%.」
Current liabilities continued to decline, while non-current liabilities, including long-term borrowings, increased, resulting in a year-on-year increase in total liabilities. The equity ratio fell from 69.2% to 68.7%. - FY2022-Q2ReframedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥17,302 million, up ¥165 million from the end of the previous consolidated fiscal year. Current liabilities were ¥11,172 million, down ¥1,173 million, mainly due to a decrease in long-term borrowings due within one year. Non-current liabilities were ¥6,130 million, up ¥1,339 million, mainly due to an increase in long-term borrowings.」
Total liabilities turned to a slight increase from the end of the previous fiscal year, with a change in composition marked by lower current liabilities and higher non-current liabilities, including long-term borrowings. The equity ratio remained at 69.2%, the same level as at the end of the previous fiscal year. - FY2022-Q1AdvancedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥17,125 million, down ¥11 million from the end of the previous consolidated fiscal year. Non-current liabilities were ¥4,521 million, down ¥269 million, mainly due to a decrease in long-term borrowings.」
Total liabilities declined only slightly, but non-current liabilities and long-term borrowings decreased. The equity ratio was 69.2%, unchanged from the level at the end of the previous fiscal year. - FY2021AdvancedAnnual report
「Total liabilities at the end of the current consolidated fiscal year were ¥17,137 million, down ¥1,410 million from the end of the previous consolidated fiscal year. Non-current liabilities were ¥4,791 million, down ¥2,185 million. As a result, the equity ratio was 69.2%.」
Total liabilities and non-current liabilities decreased from the end of the previous fiscal year, and the equity ratio rose from 66.8% in the previous fiscal year to 69.2%. - FY2021-Q3AdvancedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥16,850 million, down ¥1,698 million from the end of the previous consolidated fiscal year. Current liabilities were ¥11,867 million, up ¥295 million, mainly due to an increase in long-term borrowings due within one year. Non-current liabilities were ¥4,982 million, down ¥1,993 million, mainly due to a decrease in long-term borrowings.」
Total liabilities decreased by ¥1,698 million and non-current liabilities by ¥1,993 million from the end of the previous fiscal year, reflecting progress in reducing long-term borrowings. Meanwhile, the equity ratio fell from 69.7% at the end of the previous quarter to 69.2%. - FY2021-Q2AdvancedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥16,112 million, down ¥2,436 million from the end of the previous consolidated fiscal year. Current liabilities were ¥10,781 million, down ¥790 million. Non-current liabilities were ¥5,330 million, down ¥1,645 million, mainly due to a decrease in long-term borrowings. As a result, the equity ratio was 69.7%.」
Total liabilities and non-current liabilities, including long-term borrowings, decreased from the end of the previous fiscal year, and the equity ratio rose from 66.8% to 69.7%. - FY2021-Q1AdvancedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥17,167 million, down ¥1,380 million from the end of the previous consolidated fiscal year. Current liabilities were ¥9,756 million, down ¥1,815 million. This was mainly due to a decrease in notes and accounts payable. Non-current liabilities were ¥7,411 million, up ¥434 million, mainly due to an increase in long-term borrowings. As a result, the equity ratio was 68.4%.」
Total liabilities and current liabilities decreased, and the equity ratio rose from 66.8% at the end of the previous fiscal year to 68.4%. - FY2020AdvancedAnnual report
「Total liabilities at the end of the current consolidated fiscal year were ¥18,548 million, a decrease of ¥1,969 million from the end of the previous consolidated fiscal year. Current liabilities were ¥11,572 million, a decrease of ¥2,345 million, mainly due to a decrease in long-term borrowings due within one year. Non-current liabilities were ¥6,976 million, an increase of ¥376 million, mainly due to an increase in long-term borrowings. As a result, the equity ratio was 66.8%.」
Total liabilities decreased by ¥1,969 million from the previous fiscal year-end, and the equity ratio increased from 64.8% to 66.8%. While current liabilities were reduced, long-term borrowings increased. - FY2020-Q3AdvancedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥18,105 million, a decrease of ¥2,411 million from the end of the previous consolidated fiscal year. Current liabilities were ¥11,180 million, a decrease of ¥2,737 million, mainly due to a decrease in long-term borrowings due within one year. Non-current liabilities were ¥6,925 million, an increase of ¥325 million, mainly due to an increase in long-term borrowings. As a result, the equity ratio was 67.7%.」
Total liabilities and current liabilities decreased from the previous fiscal year-end, and the equity ratio increased from 64.8% to 67.7%. Meanwhile, non-current liabilities and long-term borrowings increased. - FY2020-Q2AdvancedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥18,074 million, a decrease of ¥2,443 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in long-term borrowings due within one year. Non-current liabilities were ¥7,159 million, an increase of ¥559 million, mainly due to an increase in long-term borrowings. As a result, the equity ratio was 67.4%.」
Total liabilities decreased by ¥2,443 million, and the equity ratio increased from 64.8% at the previous fiscal year-end to 67.4%. Meanwhile, non-current liabilities and long-term borrowings increased. - FY2020-Q1AdvancedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥18,535 million, a decrease of ¥1,982 million from the end of the previous consolidated fiscal year. Current liabilities were ¥11,239 million, a decrease of ¥2,678 million, mainly due to a decrease in long-term borrowings due within one year. Non-current liabilities were ¥7,296 million, an increase of ¥695 million, mainly due to an increase in long-term borrowings. As a result, the equity ratio was 66.8%.」
Total liabilities and current liabilities decreased, and the equity ratio increased from 64.8% at the previous fiscal year-end to 66.8%. Meanwhile, non-current liabilities and long-term borrowings increased. - FY2019SoftenedAnnual report
「Total liabilities at the end of the current consolidated fiscal year were ¥20,517 million, an increase of ¥1,121 million from the previous fiscal year-end. Current liabilities were ¥13,917 million, an increase of ¥3,675 million, mainly due to an increase in long-term borrowings due within one year. Non-current liabilities were ¥6,600 million, a decrease of ¥2,553 million, mainly due to a decrease in long-term borrowings. As a result, the equity ratio was 64.8%.」
Non-current liabilities decreased due to a decrease in long-term borrowings, while current liabilities and total liabilities increased due to an increase in long-term borrowings due within one year. The equity ratio declined from 66.0% at the previous fiscal year-end to 64.8%. - FY2019-Q3SoftenedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥19,650 million, an increase of ¥253 million from the end of the previous consolidated fiscal year. Current liabilities were ¥12,778 million, an increase of ¥2,535 million, mainly due to an increase in long-term borrowings due within one year. Non-current liabilities were ¥6,871 million, a decrease of ¥2,281 million, mainly due to a decrease in long-term borrowings.」
Non-current liabilities decreased due to a decrease in long-term borrowings, while current liabilities and total liabilities increased due to an increase in long-term borrowings due within one year. The equity ratio declined to 65.7%. - FY2019-Q2RestatedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥19,558 million, an increase of ¥162 million from the end of the previous consolidated fiscal year. Current liabilities were ¥12,162 million, an increase of ¥1,920 million, mainly due to an increase in long-term borrowings due within one year. Non-current liabilities were ¥7,396 million, a decrease of ¥1,757 million, mainly due to a decrease in long-term borrowings.」
The shift in the liability composition, comprising an increase in current liabilities and a decrease in non-current liabilities, continued. The equity ratio was 66.1%. - FY2019-Q1ReframedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥19,424 million, an increase of ¥28 million from the end of the previous consolidated fiscal year. Current liabilities were ¥12,286 million, an increase of ¥2,044 million, mainly due to an increase in long-term borrowings due within one year. Non-current liabilities were ¥7,137 million, a decrease of ¥2,015 million, mainly due to a decrease in long-term borrowings.」
Total liabilities were broadly unchanged, but some long-term borrowings became due within one year, resulting in an increase in current liabilities and a decrease in non-current liabilities. The equity ratio was 66.0%. - FY2018ReframedAnnual report
「Current liabilities were ¥10,242 million, an increase of ¥780 million from the end of the previous consolidated fiscal year, mainly due to an increase in short-term borrowings. Non-current liabilities were ¥9,392 million, a decrease of ¥424 million, mainly due to a decrease in long-term borrowings.」
At the fiscal year-end, short-term borrowings pushed up current liabilities, while non-current liabilities declined due to a decrease in long-term borrowings, indicating a shift in the liability composition toward short-term borrowings. The equity ratio was 65.8%. - FY2018-Q3SoftenedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥19,579 million, an increase of ¥300 million from the end of the previous consolidated fiscal year. Current liabilities were ¥9,907 million, an increase of ¥445 million, mainly due to an increase in short-term borrowings. Non-current liabilities were ¥9,672 million, a decrease of ¥144 million, as the decrease in long-term borrowings exceeded the increase in deferred tax liabilities.」
After a trend of declining liabilities through the previous quarter, total liabilities increased by ¥300 million from the end of the previous consolidated fiscal year, mainly due to an increase in short-term borrowings. The equity ratio was 66.0%. - FY2018-Q2AdvancedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥19,042 million, a decrease of ¥236 million from the end of the previous consolidated fiscal year. Current liabilities were ¥9,422 million, a decrease of ¥39 million, mainly due to a decrease in accrued corporate taxes and other liabilities. Non-current liabilities were ¥9,619 million, a decrease of ¥197 million, mainly due to a decrease in long-term borrowings.」
Total liabilities and non-current liabilities, including long-term borrowings, decreased from the end of the previous consolidated fiscal year, and the equity ratio increased from 65.9% to 66.2%. - FY2018-Q1AdvancedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥19,173 million, a decrease of ¥106 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in long-term borrowings. As a result, the equity ratio was 65.9%.」
Total liabilities, which had increased from the previous consolidated fiscal year-end as of the prior quarter-end, decreased by ¥106 million this time. The equity ratio was 65.9%. - FY2017-Q3SoftenedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥18,969 million, an increase of ¥259 million from the end of the previous consolidated fiscal year. Current liabilities were ¥9,840 million, a decrease of ¥2,485 million, mainly due to a decrease in long-term borrowings due within one year. Non-current liabilities were ¥9,129 million, an increase of ¥2,744 million, mainly due to an increase in long-term borrowings. As a result, the equity ratio was 66.0%.」
Total liabilities increased from the previous quarter-end, mainly due to an increase in long-term borrowings, while the equity ratio declined from 66.6% to 66.0%. - FY2017-Q2SoftenedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥17,999 million, a decrease of ¥710 million from the end of the previous consolidated fiscal year. Current liabilities were ¥9,953 million, a decrease of ¥2,371 million, while non-current liabilities were ¥8,045 million, an increase of ¥1,660 million. The latter was mainly due to an increase in long-term borrowings. As a result, the equity ratio was 66.6%.」
Total liabilities decreased, but non-current liabilities and long-term borrowings increased, and the equity ratio declined from the previously reported 68.5% to 66.6%. - FY2017-Q1First statedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥16,170 million, a decrease of ¥2,539 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in long-term borrowings due within one year. As a result, the equity ratio was 68.5%.」
The discussion of financial position cited decreases in long-term borrowings and the equity ratio.