Improving Financial Strength Through Retained Earnings and Future Business Expansion
First written in FY2016. 15 of 29 entries say "Worsened", first in FY2019-Q3. Latest entry: FY2026.
Toho Zinc moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 3 of 37 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Net assets increased by ¥3,586 million from the end of the previous consolidated fiscal year to ¥1,366.8 million, partly due to the recording of ¥478.2 million in net income attributable to owners of the parent. As a result, the equity ratio was 13.8% at the end of the current consolidated fiscal year, up 3.5 percentage points from the end of the previous consolidated fiscal year.」
Net assets and the equity ratio improved due to the net income recorded, and the financial position recovered further from the third-party allotment conducted in the previous fiscal year. However, the equity ratio remained at 13.8%. - FY2026-H1WorsenedAnnual report
「Net assets decreased by ¥4,728 million from the end of the previous consolidated fiscal year to ¥535.3 million due to the recording of an interim net loss attributable to owners of the parent and an increase in deferred hedge losses resulting from higher metal prices. As a result, the equity ratio was 5.5%, down 4.7 percentage points from the end of the previous consolidated fiscal year.」
Even after the third-party allotment, the interim loss and deferred hedge losses caused net assets and the equity ratio to decline, worsening the financial position. - FY2025MitigatedAnnual report
「Although a net loss attributable to owners of the parent was recorded, net assets increased by ¥7,376 million from the end of the previous consolidated fiscal year to ¥1,008.2 million due to an increase in shareholders' equity from a third-party allotment.」
Net assets increased from ¥270.5 million to ¥1,008.2 million through the third-party allotment, while the equity ratio also improved from 2.5% to 10.2%. However, the equity ratio remained low. - FY2025-H1MitigatedAnnual report
「Net assets increased by ¥4,033 million from the end of the previous consolidated fiscal year to ¥673.9 million due to the recording of ¥420.8 million in interim net income attributable to owners of the parent. As a result, the equity ratio was 6.4%, an improvement of 3.9 percentage points from the end of the previous consolidated fiscal year.」
Net assets and the equity ratio recovered from the end of the previous fiscal year due to the interim profit recorded. However, the equity ratio remained low at 6.4%, making improvement of the financial position an ongoing issue. - FY2024WorsenedAnnual report
「Net assets decreased by ¥47,813 million from the end of the previous consolidated fiscal year to ¥270.5 million due to the recording of a substantial net loss attributable to owners of the parent. As a result, the equity ratio was 2.5% at the end of the current consolidated fiscal year, down 32.8 percentage points from the end of the previous consolidated fiscal year.」
Net assets and the equity ratio declined substantially, further worsening the financial position from the previous fiscal year. - FY2024-Q3WorsenedAnnual report
「Net assets decreased by ¥30,662 million from the end of the previous consolidated fiscal year to ¥1,985.6 million, partly due to the recording of a ¥21,300 million impairment loss and ¥4,000 million in losses related to the sale of Chinese affiliates. As a result, the equity ratio was 17.3%, down 18.0 percentage points from the end of the previous consolidated fiscal year.」
Impairment losses and losses related to the sale of Chinese affiliates caused a substantial decline in net assets and the equity ratio, further worsening the financial position. - FY2024-Q2WorsenedAnnual report
「Net assets decreased by ¥26,450 million from the end of the previous consolidated fiscal year to ¥2,406.9 million, partly due to the recording of an impairment loss of ¥19,600 million and restructuring losses of ¥4,000 million at Chinese affiliates. As a result, the equity ratio was 18.4%, down 17.0 percentage points from the end of the previous consolidated fiscal year.」
Impairment losses and restructuring losses at Chinese affiliates caused a substantial decline in net assets and the equity ratio, worsening the financial position. - FY2024-Q1WorsenedAnnual report
「Although deferred hedge gains were recorded due to falling market prices, net assets decreased by ¥2,555 million from the end of the previous consolidated fiscal year to ¥4,796.3 million, partly due to the loss recorded in the first quarter and dividend payments. As a result, the equity ratio was 32.2%, down 3.1 percentage points from the end of the previous consolidated fiscal year.」
Net assets declined due to the quarterly loss and dividend payments, while the equity ratio also fell from 35.33% to 32.2%. - FY2023AdvancedAnnual report
「Net cash provided by operating activities turned positive from an outflow in the previous fiscal year, partly due to more thorough inventory management to improve cash flow. Liabilities decreased by ¥7,350 million from the end of the previous consolidated fiscal year to ¥9,248.0 million. Net assets increased by ¥4,554 million from the end of the previous consolidated fiscal year to ¥5,051.9 million, partly due to the recording of net income attributable to owners of the parent and a decrease in deferred hedge losses.」
The company demonstrated tangible progress in improving its financial position through inventory reduction, positive operating cash flow, lower liabilities, and higher net assets. - FY2023-Q3Recovery in net assets and the equity ratio alongside higher liabilitiesAnnual report
「Interest-bearing debt increased to meet working capital requirements, rising by ¥13,171 million from the end of the previous consolidated fiscal year to ¥11,300.2 million. Net assets increased by ¥8,055 million from the end of the previous consolidated fiscal year to ¥5,402.0 million, partly due to higher retained earnings resulting from the profit recorded. As a result, the equity ratio was 32.3%, up 0.8 percentage points from the end of the previous consolidated fiscal year.」
Although net assets and the equity ratio recovered, interest-bearing debt increased by ¥13,171 million due to working capital requirements, with improvement in the financial position and higher liabilities occurring simultaneously. - FY2023-Q2Continued recovery in net assets and the equity ratio alongside higher liabilitiesAnnual report
「Interest-bearing debt increased to respond to higher working capital requirements resulting from metal and foreign exchange market conditions and the timing of ore deliveries, rising by ¥3,298 million from the end of the previous consolidated fiscal year to ¥10,313.0 million. Net assets increased by ¥10,100 million from the end of the previous consolidated fiscal year to ¥5,606.5 million, partly due to profit recorded for the six-month period of the current second quarter, deferred hedge gains recorded as metal prices fell, and an increase in the foreign currency translation adjustment account due to the stronger Australian dollar. As a result, the equity ratio was 35.2%, up 3.7 percentage points from the end of the previous consolidated fiscal year.」
Although net assets and the equity ratio continued to recover, interest-bearing debt also increased by ¥3,298 million in response to working capital requirements, with improvement in the financial position and higher liabilities occurring simultaneously. - FY2023-Q1Recovery in net assets and the equity ratio alongside higher liabilitiesAnnual report
「Net assets increased by ¥8,832 million from the end of the previous consolidated fiscal year to ¥5,479.7 million, partly due to an increase in the foreign currency translation adjustment account resulting from the stronger Australian dollar and the recording of deferred hedge gains resulting from falling market prices, in addition to profit recorded in the first quarter. As a result, the equity ratio was 33.7%, up 2.2 percentage points from the end of the previous consolidated fiscal year.」
Although net assets and the equity ratio recovered, liabilities increased by ¥779.5 million, with improvement in the financial position and an expansion in the scale of financing occurring simultaneously. - FY2022Increase in net assets alongside a lower equity ratio and higher interest-bearing debtAnnual report
「Net assets increased by ¥450 million from the end of the previous consolidated fiscal year to ¥4,596.4 million, partly due to the recording of ¥792.2 million in net income attributable to owners of the parent. As a result, the equity ratio was 31.5% at the end of the current consolidated fiscal year, down 5.0 percentage points from the end of the previous consolidated fiscal year.」
Although net assets increased, the equity ratio declined due to higher liabilities and working capital requirements associated with higher metal prices, with factors improving and weakening the financial position present simultaneously. - FY2022-Q3WorsenedAnnual report
「Net assets increased by ¥5,613 million from the end of the previous consolidated fiscal year to ¥4,707.8 million, partly due to higher retained earnings resulting from the profit recorded. As a result, the equity ratio was 33.6%, down 2.8 percentage points from the end of the previous consolidated fiscal year.」
Although net assets increased due to the profit recorded, the equity ratio fell 2.8 percentage points to 33.6% due to higher interest-bearing debt, indicating continued factors weakening the financial position. - FY2022-Q2Increase in net assets alongside a decline in the equity ratioAnnual report
「Net assets increased by ¥5,025 million from the end of the previous consolidated fiscal year to ¥4,648.9 million, partly due to profit recorded for the six-month period of the current second quarter, deferred hedge gains recorded mainly as a result of lower silver prices, and an increase in the foreign currency translation adjustment account due to the stronger Australian dollar. As a result, the equity ratio was 35.0%, down 1.5 percentage points from the end of the previous consolidated fiscal year.」
Although net assets increased, liabilities rose due to higher working capital requirements associated with higher metal prices and other factors, and the equity ratio declined from the end of the previous fiscal year. - FY2022-Q1WorsenedAnnual report
「Liabilities increased by ¥15,349 million from the end of the previous consolidated fiscal year to ¥8,752 million, partly because interest-bearing debt increased to meet demand for ore.」
Although net assets increased due to the profit recorded, interest-bearing debt rose by ¥15,349 million to meet demand for ore, and the equity ratio fell 2.6 percentage points from the end of the previous fiscal year to 33.9%. The figures also indicate factors weakening financial soundness. - FY2021MitigatedAnnual report
「Liabilities decreased by ¥8,853 million from the end of the previous consolidated fiscal year to ¥7,217.1 million. This was mainly because interest-bearing debt was reduced by ¥6,500 million through measures to restore financial soundness, including inventory reduction.」
Interest-bearing debt was reduced by ¥6,500 million through inventory reduction and other measures, shrinking liabilities. Net assets also recovered to ¥4,146.4 million and the equity ratio to 36.5%, easing the deterioration in the financial position from the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「Although shareholders' equity increased due to higher retained earnings, net assets decreased by ¥1,363 million from the end of the previous consolidated fiscal year to ¥3,494.5 million, partly because deferred hedge gains and losses turned into a loss as metal prices rose. As a result, the equity ratio was 28.9%, down 2.0 percentage points from the end of the previous consolidated fiscal year.」
Retained earnings increased, but net assets decreased by ¥1,363 million from the end of the previous fiscal year, and the equity ratio also declined from 30.95% to 28.9%. - FY2021-Q2WorsenedAnnual report
「Net assets decreased by ¥105 million from the end of the previous consolidated fiscal year to ¥3,620.3 million. As a result, the equity ratio was 29.9%, down 1.0 percentage point from the end of the previous consolidated fiscal year.」
Although retained earnings increased due to the profit recorded, net assets declined slightly and the equity ratio fell to 29.9%. - FY2020WorsenedAnnual report
「Net assets decreased by ¥19,192 million from the end of the previous consolidated fiscal year to ¥3,630.9 million, partly due to the recording of a ¥18,364 million net loss attributable to owners of the parent.」
Net assets declined by ¥19,192 million due to the substantial net loss, while the equity ratio fell 11.6 percentage points to 30.9%. - FY2020-Q3WorsenedAnnual report
「Net assets decreased by ¥13,930 million from the end of the previous consolidated fiscal year to ¥4,157.1 million, partly due to dividend payments and a decrease in retained earnings resulting from the recording of a loss.」
Net assets declined by ¥13,930 million due to the loss recorded and dividend payments, while the equity ratio fell 10.3 percentage points to 32.3%. - FY2020-Q2WorsenedAnnual report
「Net assets decreased by ¥9,206 million from the end of the previous consolidated fiscal year to ¥4,629.4 million, partly due to dividend payments and a decrease in retained earnings resulting from the recording of a loss. As a result, the equity ratio was 34.9%, down 7.8 percentage points from the end of the previous consolidated fiscal year.」
Net assets declined due to the loss recorded and dividend payments, while the equity ratio fell 7.8 percentage points to 34.9%. - FY2020-Q1WorsenedAnnual report
「Net assets decreased by ¥4,051 million from the end of the previous consolidated fiscal year to ¥5,144.9 million, partly due to dividend payments and a decrease in retained earnings resulting from the recording of a loss. As a result, the equity ratio was 39.4%, down 3.2 percentage points from the end of the previous consolidated fiscal year.」
Net assets declined due to the loss recorded and dividend payments, while the equity ratio also fell 3.2 percentage points to 39.4%. - FY2019WorsenedAnnual report
「Net assets decreased by ¥6,878 million from the end of the previous consolidated fiscal year, mainly due to the recording of a ¥2,550 million net loss attributable to owners of the parent, payment of ¥1,697 million in dividends, and a decrease in the foreign currency translation adjustment account due to the weaker Australian dollar.」
Net assets were ¥5,550.1 million and the equity ratio was 42.6%, down 2.8 percentage points from the end of the previous fiscal year. - FY2019-Q3WorsenedAnnual report
「Net assets decreased by ¥5,980 million from the end of the previous consolidated fiscal year to ¥5,639.9 million, partly due to dividend payments and a decrease in retained earnings resulting from the recording of a loss. As a result, the equity ratio was 42.9%, down 2.5 percentage points from the end of the previous consolidated fiscal year.」
Retained earnings and net assets declined due to the loss recorded and dividend payments, while the equity ratio also fell 2.5 percentage points to 42.9%. - FY2019-Q2AdvancedAnnual report
「Net cash used in financing activities was ¥5,608 million, an increase of ¥2,435 million in cash outflow year on year, partly because interest-bearing debt was reduced as demand for funds to purchase raw materials declined with falling market prices, and because of the impact of increased dividends.」
Interest-bearing debt was reduced against the backdrop of lower funding needs resulting from falling market prices, with progress in improving the financial position continuing. - FY2018-Q2AdvancedAnnual report
「Net cash used in financing activities was ¥3,173 million, compared with net cash provided of ¥2,305 million in the same period of the previous year, partly due to the repayment of borrowings following strong performance in the mining business and the impact of dividend payments associated with the increase in dividends.」
The company repaid borrowings against the backdrop of strong performance in the mining business, demonstrating tangible progress toward improving its financial position. - FY2017AdvancedAnnual report
「This was primarily due to a reduction in interest-bearing debt against the backdrop of strong business performance.」
Interest-bearing debt has been reduced against the backdrop of strong business performance, demonstrating tangible progress consistent with the policy of improving the financial position. - FY2016First statedAnnual report
「After paying stable dividends, the retained earnings remaining will be used effectively as a source of funds to improve the financial position and prepare for future business development amid a challenging operating environment heavily affected by metal prices and other market conditions.」
The company has indicated a policy of using retained earnings after dividends to improve its financial position and fund future investment.