Asset expansion accompanied by higher borrowings, with an equity ratio of 35.8%
First written in FY2018-Q3. . Latest entry: FY2026.
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- FY2026Full-year equity ratio recoveryAnnual report
「Equity ratio (%) 29.5 30.9」
The equity ratio increased from 29.5% in the previous fiscal year to 30.9%. Meanwhile, liabilities increased by ¥485 million from the end of the previous fiscal year to ¥31,326 million, mainly due to unpaid obligations associated with the acquisition of an equity interest and other factors. - FY2026-H1Recovery in equity ratio and increase in liabilities due to acquisition fundingAnnual report
「Liabilities amounted to ¥31,667 million, an increase of ¥826 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥968 million in other current liabilities resulting from higher unpaid obligations associated with the acquisition of an equity interest in 精密焼結合金（無錫）有限公司, among other factors.」
Liabilities increased by ¥826 million in connection with the acquisition of an equity interest in 精密焼結合金（無錫）有限公司, while the equity ratio increased from 29.5% at the end of the previous fiscal year to 33.9%. - FY2025Liabilities declined, but equity ratio decreasedAnnual report
「Liabilities amounted to ¥30,841 million, a decrease of ¥849 million from the end of the previous consolidated fiscal year.」
While liabilities decreased by ¥849 million, the equity ratio declined from 31.2% to 29.5%, and net assets also decreased by ¥1,511 million. - FY2025-H1Updated increase in liabilities and decline in equity ratioAnnual report
「Liabilities amounted to ¥33,033 million, an increase of ¥1,342 million from the end of the previous consolidated fiscal year. This was due to a ¥768 million increase in borrowings, a ¥146 million increase in electronically recorded obligations, and other factors. Equity ratio (%) 29.6 27.4」
Liabilities increased by ¥1,342 million from the end of the previous consolidated fiscal year, and borrowings also increased by ¥768 million. The equity ratio declined from 29.6% in the previous year's interim period to 27.4%, and also declined from 31.2% at the end of the previous fiscal year. - FY2024Updated changes in liabilities and equity ratioAnnual report
「Equity ratio (%) 30.2 31.2」
The equity ratio increased from 30.2% in the previous fiscal year to 31.2%. Liabilities increased by ¥761 million from the end of the previous fiscal year, and long-term borrowings for capital investment in manufacturing innovation and other purposes increased by ¥836 million. - FY2024-Q3Increase in liabilities and recovery in equity ratioAnnual report
「Liabilities amounted to ¥32,688 million, an increase of ¥1,759 million from the end of the previous consolidated fiscal year. This was due to increases of ¥385 million in notes and accounts payable, ¥314 million in electronically recorded obligations, and ¥1,093 million in long-term borrowings for capital investment in manufacturing innovation and other purposes in line with the medium-term management plan. Equity ratio (%) 34.0 31.8」
Liabilities increased by ¥1,759 million against the backdrop of capital investment for a second site in Thailand, manufacturing innovation, and other purposes, while long-term borrowings increased by ¥1,093 million. The equity ratio was 31.8%, down from 34.0% in the same quarter of the previous year but up from 31.5% at the end of the previous consolidated fiscal year. - FY2024-Q2Increase in borrowings for capital investment and decline in equity ratioAnnual report
「Liabilities amounted to ¥34,923 million, an increase of ¥3,993 million from the end of the previous fiscal year. This was due to a ¥255 million increase in non-operating electronic recorded obligations resulting from capital expenditures to support higher production, and a ¥1,690 million increase in long-term borrowings resulting from capital expenditures for manufacturing innovation and other investments in line with the medium-term management plan.」
Liabilities increased by ¥3,993 million in connection with capital investment, and long-term borrowings also increased by ¥1,690 million. The equity ratio was 30.9%, down from 31.5% at the end of the previous consolidated fiscal year. - FY2024-Q1Slight increase in the equity ratioAnnual report
「Equity ratio (%) 34.6 31.7」
The equity ratio was 31.7%, down from 34.6% in the same quarter of the previous year. It was slightly higher than the 31.5% at the end of the previous consolidated fiscal year. - FY2023Equity ratio declinedAnnual report
「Equity ratio (%) 35.4 31.5」
The equity ratio declined from 35.4% in the previous fiscal year to 31.5%. Liabilities increased by ¥765 million from the end of the previous fiscal year, while net assets decreased by ¥2,622 million. - FY2023-Q3Equity ratio declinedAnnual report
「Equity ratio (%) 35.5 34.0」
The equity ratio declined from 35.5% in the same quarter of the previous year to 34.0%. Liabilities amounted to ¥30,373 million, an increase of ¥208 million from the end of the previous consolidated fiscal year, and short-term borrowings and current maturities of long-term borrowings also increased. - FY2023-Q2Increase in liabilities and recovery in equity ratioAnnual report
「Liabilities amounted to ¥30,552 million, an increase of ¥388 million from the end of the previous consolidated fiscal year. This was due to a ¥611 million increase in short-term borrowings resulting from foreign currency translation differences associated with the sharp depreciation of the yen, a ¥161 million decrease in electronically recorded obligations, and a ¥166 million decrease in long-term borrowings.」
Liabilities increased by ¥388 million, while the equity ratio declined from 35.4% at the end of the previous consolidated fiscal year to 35.2%. Short-term borrowings increased by ¥611 million due to foreign currency translation differences resulting from the weaker yen. - FY2023-Q1Equity ratio declinedAnnual report
「Equity ratio (%) 35.4 34.6」
The equity ratio declined from 35.4% at the end of the previous consolidated fiscal year to 34.6%. Liabilities increased by ¥1,046 million from the end of the previous consolidated fiscal year to ¥31,210 million. - FY2022Equity ratio increasedAnnual report
「Equity ratio (%) 34.5 35.4」
The equity ratio increased from 34.5% in the previous fiscal year to 35.4%. Net assets amounted to ¥20,888 million, an increase of ¥1,290 million from the end of the previous fiscal year. - FY2022-Q3Updated decrease in liabilities and equity ratioAnnual report
「As a result, total liabilities amounted to ¥28,825 million, a decrease of ¥1,329 million from the end of the previous consolidated fiscal year.」
Total liabilities decreased by ¥1,329 million from the end of the previous consolidated fiscal year, while the equity ratio was 35.5%. Long-term borrowings also decreased by ¥844 million. - FY2022-Q2Updated the decrease in liabilities and increase in the equity ratioAnnual report
「As a result, total liabilities amounted to ¥28,937 million, a decrease of ¥1,217 million from the end of the previous consolidated fiscal year.」
Total liabilities decreased by ¥1,217 million from the end of the previous consolidated fiscal year, while the equity ratio increased from 34.5% to 35.5%. Long-term borrowings also decreased by ¥923 million. - FY2022-Q1Equity ratio increasedAnnual report
「Total net assets as of the end of the current first quarter consolidated accounting period amounted to ¥17,539 million, excluding non-controlling interests, with an equity ratio of 35.4%, reflecting increases of ¥350 million in retained earnings and ¥46 million in accumulated other comprehensive income from the end of the previous consolidated fiscal year.」
The equity ratio increased from 34.5% at the end of the previous consolidated fiscal year to 35.4%, due to increases in retained earnings and other items. - FY2021Updated full-year borrowings and equity ratioAnnual report
「This was due to a ¥2,272 million increase in short-term borrowings to prepare for the risk posed by COVID-19 and a ¥316 million increase in long-term borrowings to fund equipment for new domestic products and other purposes.」
Short-term and long-term borrowings increased to prepare for COVID-19 and to fund equipment for new domestic products. The equity ratio was 34.5%. - FY2021-Q3Updated increase in borrowings and liabilities and decline in equity ratioAnnual report
「Current liabilities as of the end of the current third quarter consolidated accounting period amounted to ¥19,158 million, an increase of ¥611 million from the end of the previous consolidated fiscal year, mainly due to a ¥2,053 million increase in short-term borrowings to prepare for the risk posed by COVID-19, despite decreases of ¥484 million in provision for bonuses, ¥292 million in electronically recorded obligations, and ¥700 million in non-operating electronically recorded obligations. Non-current liabilities amounted to ¥10,556 million, an increase of ¥717 million, mainly due to a ¥677 million increase in long-term borrowings to fund equipment for new domestic products and other purposes.」
In addition to the increase in short-term borrowings to prepare for COVID-19, long-term borrowings also increased to fund equipment for new domestic products and other purposes. Total liabilities increased by ¥1,329 million from the end of the previous consolidated fiscal year, and the equity ratio was 33.1%. - FY2021-Q2Increase in borrowings to prepare for COVID-19Annual report
「Current liabilities as of the end of the current second quarter consolidated accounting period amounted to ¥18,571 million, an increase of ¥25 million from the end of the previous consolidated fiscal year, mainly due to a ¥2,254 million increase in short-term borrowings to prepare for the risk posed by COVID-19, despite decreases of ¥305 million in notes and accounts payable, ¥903 million in electronically recorded obligations, ¥429 million in non-operating electronically recorded obligations, and ¥421 million in other liabilities.」
To prepare for the risk posed by COVID-19, short-term borrowings increased by ¥2,254 million from the end of the previous consolidated fiscal year. The increase in borrowings has expanded further from the ¥2,012 million increase reported in the first quarter. - FY2021-Q1Increase in short-term borrowings to prepare for COVID-19Annual report
「Current liabilities amounted to ¥19,421 million, an increase of ¥875 million from the end of the previous consolidated fiscal year, mainly due to a ¥2,012 million increase in short-term borrowings and other factors to prepare for the risk posed by COVID-19.」
To prepare for the risk posed by COVID-19, short-term borrowings increased by ¥2,012 million, and current liabilities increased by ¥875 million from the end of the previous consolidated fiscal year. The equity ratio was 32.6%. - FY2020Updated full-year debt-to-equity ratioAnnual report
「Liabilities amounted to ¥28,385 million, an increase of ¥548 million from the end of the previous consolidated fiscal year.」
Liabilities increased by ¥548 million from the end of the previous fiscal year, while the equity ratio was 34.8%. The increase in lease obligations resulting from the application of IFRS 16 at overseas subsidiaries and other factors is cited as the main reason for the increase in liabilities. - FY2020-Q3Updated increase in liabilities and decline in equity ratioAnnual report
「Non-current liabilities amounted to ¥10,320 million, an increase of ¥517 million from the end of the previous consolidated fiscal year, due to an increase of ¥619 million in lease obligations resulting from the application of IFRS 16 at overseas subsidiaries from the beginning of the current consolidated fiscal year, among other factors, despite a ¥257 million decrease in long-term borrowings. As a result, total liabilities amounted to ¥28,747 million, an increase of ¥910 million from the end of the previous consolidated fiscal year. Total net assets, excluding non-controlling interests, amounted to ¥16,821 million, with an equity ratio of 35.2%, reflecting a ¥69 million decrease in retained earnings and a ¥194 million increase in accumulated other comprehensive income from the end of the previous consolidated fiscal year.」
Total liabilities increased by ¥910 million from the end of the previous consolidated fiscal year, while the equity ratio declined from 35.3% in the second quarter to 35.2%. The increase in lease obligations resulting from the application of IFRS 16 at overseas subsidiaries continues to be disclosed as a factor behind the increase in liabilities. - FY2020-Q2Updated increase in liabilities and decline in equity ratioAnnual report
「Current liabilities amounted to ¥18,370 million, an increase of ¥336 million from the end of the previous consolidated fiscal year, mainly due to a ¥434 million increase in short-term borrowings, despite a ¥99 million decrease in non-operating electronically recorded obligations and other factors. Non-current liabilities amounted to ¥9,702 million, a decrease of ¥100 million, due to an increase of ¥622 million in lease obligations resulting from the application of IFRS 16 at overseas subsidiaries from the beginning of the current consolidated fiscal year, among other factors, despite a ¥840 million decrease in long-term borrowings. As a result, total liabilities amounted to ¥28,073 million, an increase of ¥236 million from the end of the previous consolidated fiscal year. Total net assets, excluding non-controlling interests, amounted to ¥16,441 million, with an equity ratio of 35.3%, reflecting decreases of ¥103 million in retained earnings and ¥152 million in accumulated other comprehensive income from the end of the previous consolidated fiscal year.」
Total liabilities increased by ¥236 million from the end of the previous consolidated fiscal year, while the equity ratio declined from 35.6% to 35.3%. The disclosure cites increases in short-term borrowings and lease obligations resulting from the application of IFRS 16 at overseas subsidiaries. - FY2020-Q1Updated increase in liabilities and decline in equity ratioAnnual report
「Current liabilities amounted to ¥18,617 million, an increase of ¥584 million from the end of the previous consolidated fiscal year, mainly due to a ¥476 million increase in provision for bonuses, a ¥223 million increase in short-term borrowings, and other factors. Non-current liabilities amounted to ¥10,078 million, an increase of ¥275 million, due to an increase of ¥631 million in lease obligations resulting from the application of IFRS 16 from the beginning of the current first quarter, among other factors, despite a ¥447 million decrease in long-term borrowings. As a result, total liabilities amounted to ¥28,696 million, an increase of ¥859 million from the end of the previous consolidated fiscal year. Total net assets, excluding non-controlling interests, amounted to ¥16,398 million, with an equity ratio of 34.7%, reflecting decreases of ¥129 million in retained earnings and ¥169 million in accumulated other comprehensive income from the end of the previous consolidated fiscal year.」
Total liabilities increased by ¥859 million from the end of the previous consolidated fiscal year, while the equity ratio declined from 35.6% to 34.7%. The increase in lease obligations resulting from the application of IFRS 16 is also disclosed as a factor behind the increase in liabilities. - FY2019Updated full-year debt-to-equity ratioAnnual report
「Liabilities amounted to ¥27,836 million, an increase of ¥332 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in borrowings.」
Liabilities increased by ¥332 million from the end of the previous consolidated fiscal year, while the equity ratio was 35.6%, a slight increase from 35.5% at the end of the previous consolidated fiscal year. - FY2019-Q3Equity ratio declinedAnnual report
「Current liabilities amounted to ¥17,808 million, a decrease of ¥150 million from the end of the previous consolidated fiscal year, mainly due to a ¥635 million decrease in current maturities of long-term borrowings, despite a ¥421 million increase in non-operating electronically recorded obligations and other factors. Non-current liabilities amounted to ¥10,078 million, an increase of ¥533 million, mainly due to a ¥619 million increase in long-term borrowings, despite a ¥54 million decrease in lease obligations and other factors. As a result, total liabilities amounted to ¥27,887 million, an increase of ¥383 million from the end of the previous consolidated fiscal year.」
While current maturities of long-term borrowings decreased, long-term borrowings increased by ¥619 million, and total liabilities increased by ¥383 million from the end of the previous consolidated fiscal year. The equity ratio was 34.8%, down from 35.5% at the end of the previous consolidated fiscal year. - FY2019-Q1Updated borrowings composition and equity ratioAnnual report
「Current liabilities amounted to ¥18,698 million, an increase of ¥739 million from the end of the previous consolidated fiscal year, mainly due to a ¥475 million increase in provision for bonuses, a ¥324 million increase in electronically recorded obligations and non-operating electronically recorded obligations, and other factors. Non-current liabilities amounted to ¥9,293 million, a decrease of ¥251 million, mainly due to a ¥165 million decrease in long-term borrowings and other factors.」
Short-term borrowings increased by ¥291 million from the end of the previous consolidated fiscal year, while long-term borrowings decreased by ¥165 million. Total liabilities amounted to ¥27,992 million, and the equity ratio was 35.0%, down from 35.5% at the end of the previous consolidated fiscal year. - FY2018-Q3First statedAnnual report
「Current liabilities amounted to ¥17,365 million, an increase of ¥432 million from the end of the previous consolidated fiscal year, mainly due to a ¥540 million increase in short-term borrowings and other factors. Non-current liabilities amounted to ¥10,208 million, an increase of ¥1,654 million, mainly due to a ¥1,896 million increase in long-term borrowings and other factors.」
Compared with the end of the previous consolidated fiscal year, short-term borrowings increased by ¥540 million and long-term borrowings by ¥1,896 million. Total liabilities amounted to ¥27,574 million, and the equity ratio was 35.8%.