FY2020 Financial Targets
First written in FY2016. 1 of 25 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 3 of 13 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026-H1Reduction in interest-bearing debt and increase in net assetsAnnual report
「Liabilities totaled ¥359.7 billion, a decrease of ¥35.2 billion from the end of the previous fiscal year. This was mainly attributable to a decrease in interest-bearing debt resulting from repayments of long-term borrowings, as well as payments of accrued corporate taxes and other taxes. Net assets totaled ¥494.8 billion, an increase of ¥59.5 billion from the end of the previous fiscal year.」
Interest-bearing debt declined as a result of repayments of long-term borrowings, while net assets increased mainly due to the recording of interim net income attributable to owners of the parent. The trend of financial improvement toward achieving a net cash position in the net debt-to-equity ratio continued in the first half. - FY2025Achieving a net cash position in the net debt-to-equity ratioAnnual report
「For the fiscal year, strong performance and improved capital efficiency resulted in a net debt-to-equity ratio of -10:110, compared with 8:92 for the previous fiscal year, with cash and cash equivalents exceeding interest-bearing debt.」
The targets of the 2020 Medium-Term Management Plan have already been abandoned, but the net debt-to-equity ratio improved from 8:92 to -10:110, resulting in cash and cash equivalents exceeding interest-bearing debt. - FY2024Further improvement in the net debt-to-equity ratioAnnual report
「For the fiscal year, the net debt-to-equity ratio improved further to 8:92, compared with 24:76 for the previous fiscal year, owing to higher profit and working capital reductions.」
The financial targets of the 2020 Medium-Term Management Plan have already been abandoned, but the net debt-to-equity ratio improved from 24:76 to 8:92 through higher profit and working capital reductions. - FY2024-Q3Decrease in interest-bearing debt due to curbs on capital investment and other factorsAnnual report
「Total liabilities decreased by ¥7.7 billion from the end of the previous consolidated fiscal year to ¥354.7 billion. This was mainly due to a decrease in interest-bearing debt resulting from curbs on capital investment and other factors.」
Although the financial targets of the 2020 Medium-Term Management Plan had already been abandoned, interest-bearing debt decreased by ¥7.7 billion from the end of the previous fiscal year due to curbs on capital investment and other factors. - FY2024-Q2Increase in interest-bearing debt due to working capital and foreign exchange effectsAnnual report
「Total liabilities increased by ¥4.2 billion from the end of the previous consolidated fiscal year to ¥366.6 billion. This was mainly due to an increase in interest-bearing debt resulting from higher working capital and foreign exchange effects.」
Amid ongoing improvement in the financial position, interest-bearing debt increased by ¥4.2 billion from the end of the previous fiscal year due to higher working capital and foreign exchange effects. - FY2024-Q1Increase in interest-bearing debt due to funding needs in the Information and Communications business segmentAnnual report
「Total liabilities increased by ¥4.1 billion from the end of the previous consolidated fiscal year to ¥366.5 billion. This was mainly due to an increase in interest-bearing debt resulting from higher funding needs in the Information and Communications business segment.」
Amid the ongoing improvement in the financial position and net D/E ratio, interest-bearing debt increased by ¥4.1 billion from the end of the previous fiscal year due to funding needs in the Information and Communications business segment. - FY2023Continued improvement in the net D/E ratioAnnual report
「For the consolidated fiscal year under review, we achieved further improvement in the net D/E ratio, to 24:76 from 35:65 in the previous consolidated fiscal year, through increased income and the implementation of carefully selected capital investments and other measures.」
Although the financial targets of the 2020 Medium-Term Management Plan had already been abandoned, the net D/E ratio improved from 35:65 to 24:76 due to carefully selected investments and increased income. - FY2023-Q3Continued increase in liabilities and net assetsAnnual report
「Total liabilities increased by ¥8.8 billion from the end of the previous consolidated fiscal year to ¥376.7 billion. This was mainly due to an increase in payment obligations, particularly in the electronics business segment, and changes in accounting standards at overseas subsidiaries applying US GAAP. Net assets increased by ¥53.7 billion from the end of the previous consolidated fiscal year to ¥297.4 billion. This was mainly due to the recognition of quarterly net income attributable to owners of the parent and an increase in the foreign currency translation adjustment account.」
Although the financial targets of the 2020 Medium-Term Management Plan had already been abandoned, at the end of the third quarter liabilities increased by ¥8.8 billion, while net assets increased by ¥53.7 billion. - FY2023-Q2Increase in liabilities and net assetsAnnual report
「Total liabilities increased by ¥20.6 billion from the end of the previous consolidated fiscal year to ¥388.5 billion. Net assets increased by ¥53.3 billion from the end of the previous consolidated fiscal year to ¥296.9 billion.」
Although the financial targets of the 2020 Medium-Term Management Plan had already been abandoned, at the end of the second quarter liabilities increased by ¥20.6 billion, while net assets increased by ¥53.3 billion. - FY2022Full-year results showing lower liabilities and higher net assetsAnnual report
「Total liabilities decreased by ¥16.8 billion from the end of the previous consolidated fiscal year to ¥367.9 billion. This was mainly due to a decrease in interest-bearing debt resulting from a review of investments and the sale of shares in affiliates and other assets. Net assets increased by ¥59.2 billion from the end of the previous consolidated fiscal year to ¥243.7 billion.」
Although the targets of the 2020 Medium-Term Management Plan had already been abandoned, a full-year decrease in liabilities and increase in net assets were confirmed as a result of the investment review, the sale of shares in affiliates and other assets, and net income. - FY2022-Q3Decrease in Liabilities and Increase in Net AssetsAnnual report
「Total liabilities decreased by ¥11.9 billion from the end of the previous consolidated fiscal year to ¥372.7 billion. This was mainly due to a decrease in interest-bearing debt resulting from a review of investments and the sale of shares in affiliates and other assets. Net assets increased by ¥33.1 billion from the end of the previous consolidated fiscal year to ¥217.6 billion.」
Although the 2020 Medium-Term Management Plan had already been abandoned, interest-bearing debt decreased and net assets increased as a result of a review of investments and the sale of shares in affiliates and other assets. - FY2022-Q2Decrease in Liabilities and Increase in Net AssetsAnnual report
「Total liabilities decreased by ¥5.4 billion from the end of the previous consolidated fiscal year to ¥379.3 billion. Net assets increased by ¥17.4 billion from the end of the previous consolidated fiscal year to ¥201.9 billion.」
Although the financial targets of the 2020 Medium-Term Management Plan had already been abandoned, at the end of the second quarter liabilities had decreased by ¥5.4 billion and net assets had increased by ¥17.4 billion. - FY2021Reduction in interest-bearing debtAnnual report
「Total liabilities decreased by ¥19.3 billion from the end of the previous consolidated fiscal year to ¥384.6 billion. This was mainly due to a decrease in interest-bearing debt resulting from lower working capital and capital investment funding.」
Although the 2020 Medium-Term Management Plan had already been abandoned, interest-bearing debt decreased during the fiscal year due to lower working capital and capital investment funding. - FY2021-Q2Continued increase in interest-bearing debt in response to COVID-19Annual report
「Total liabilities increased by ¥8.6 billion from the end of the previous consolidated fiscal year to ¥412.6 billion. This was mainly due to an increase in interest-bearing debt resulting from the build-up of cash and deposits.」
As cash and deposits were built up in response to COVID-19, interest-bearing debt increased by ¥8.6 billion from the end of the previous fiscal year. - FY2021-Q1Increase in interest-bearing debt in response to COVID-19Annual report
「Total liabilities increased by ¥2.5 billion from the end of the previous consolidated fiscal year to ¥406.5 billion. This was mainly because interest-bearing debt increased as cash and deposits were built up in response to the impact of COVID-19, despite a decrease in notes and accounts payable.」
Although the 2020 Medium-Term Management Plan had been abandoned in the previous fiscal year, cash and deposits were built up in response to COVID-19, resulting in an increase in interest-bearing debt. - FY2020DroppedAnnual report
「However, as the results for fiscal 2019 were as described above, we decided that continuing the 20 Medium-Term Plan could lead to a further deterioration in our earnings structure. Accordingly, we abandoned the current 20 Medium-Term Plan and decided to shift our basic strategy to “focusing on an early recovery of the business.”」
The 2020 Medium-Term Management Plan, which targeted net sales of ¥900 billion, an operating margin of at least 7.0%, ROE of at least 10.0% and a D/E ratio of 0.66x, was abandoned. It was separately stated that the D/E ratio was 1.70x in fiscal 2019 and that the fiscal 2020 targets were unlikely to be achieved. - FY2020-Q3Increase in interest-bearing debt due to investments in affiliates and other factorsAnnual report
「Total liabilities increased by ¥19.7 billion from the end of the previous consolidated fiscal year to ¥417.1 billion. This was mainly due to an increase in interest-bearing debt resulting from investments in affiliates and other factors.」
Interest-bearing debt continued to increase due to investments in affiliates and other factors, and liabilities rose by ¥19.7 billion from the end of the previous fiscal year. - FY2020-Q2Increase in interest-bearing debt due to working capital, investments in affiliates and other factorsAnnual report
「Total liabilities increased by ¥24.2 billion from the end of the previous consolidated fiscal year to ¥421.6 billion. This was mainly due to an increase in interest-bearing debt resulting from increases in working capital, investments in affiliates and other factors.」
Interest-bearing debt continued to increase, and liabilities rose by ¥24.2 billion from the end of the previous fiscal year. In relation to the fiscal 2020 financial targets, working capital and investments in affiliates, as well as capital investment, were identified as factors behind the increase in liabilities. - FY2020-Q1Continued increase in interest-bearing debt due to capital investment and other factorsAnnual report
「Total liabilities increased by ¥6.8 billion from the end of the previous consolidated fiscal year to ¥404.2 billion. This was mainly due to an increase in interest-bearing debt resulting from capital investment and other factors.」
Interest-bearing debt increased due to capital investment and other factors, and liabilities continued to increase in the context of the fiscal 2020 target, which called for improvement in the financial position. - FY2019Policy of curbing capital investment in response to deterioration in the D/E ratioAnnual report
「Capital investment in the electronics and optical-related businesses, financed primarily by interest-bearing debt including long-term borrowings, resulted in a D/E ratio of 54:46 (1.17x) in fiscal 2018. In response to changing conditions, including lower demand from major electronics customers and stagnation in the optical-related business in the Chinese market, we will take a cautious approach to capital investment and plan to limit it to the level of depreciation and amortisation.」
The D/E ratio deteriorated from 1.09x in the previous fiscal year to 1.17x. Meanwhile, in response to lower demand from major customers and stagnation in the Chinese market, the company presented a policy of limiting future capital investment to the level of depreciation and amortisation. - FY2019-Q3Continued increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥24.8 billion from the end of the previous consolidated fiscal year to ¥420.9 billion. This was mainly due to an increase in interest-bearing debt for working capital and capital investment.」
Interest-bearing debt continued to increase due to working capital and capital investment, and liabilities increased by ¥24.8 billion from the end of the previous consolidated fiscal year. - FY2019-Q2Continued increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥37.4 billion from the end of the previous consolidated fiscal year to ¥433.5 billion. This was mainly due to an increase in interest-bearing debt for working capital and capital investment.」
Interest-bearing debt increased due to working capital and capital investment, and the increase in liabilities continued in the context of improving the financial position toward the fiscal 2020 D/E ratio target. - FY2018Policy of curbing capital investment in response to deterioration in the D/E ratioAnnual report
「Capital investment in the optical-related business, financed primarily by interest-bearing debt including long-term borrowings, resulted in a D/E ratio of 52:48 (1.09x) in fiscal 2017. We will continue to make capital investments while monitoring market conditions to meet strong global demand. Although this is expected to increase interest-bearing debt, we intend to recover the investment, improve our financial position and bring the ratio closer to the fiscal 2020 target of 40:60 (0.66x).」
The targets themselves for fiscal 2020 net sales, operating margin, ROE and D/E ratio were maintained, while the D/E ratio rose to 1.09x due to capital investment in the optical-related business, and a policy of improving the financial position toward the target of 0.66x was presented. - FY2017RestatedAnnual report
「We regard continuous improvement in profitability as one of management’s priority issues and have set medium-term management targets of ¥900 billion in net sales, an operating margin of at least 7.0%, ROE of at least 10.0% and a D/E ratio of 40:60 (0.66x) in fiscal 2020.」
The fiscal 2020 financial targets continue unchanged in both their figures and deadlines. - FY2016First statedAnnual report
「We formulated the 2020 Medium-Term Management Plan, covering fiscal 2016 through fiscal 2020, and established the following 3 basic policies.」
The medium-term targets of ¥900 billion in net sales, an operating margin of at least 7.0%, ROE of at least 10% and a D/E ratio of 40:60 (0.66x) in fiscal 2020 are also stated.