A financial structure with no interest-bearing debt
First written in FY2018. 4 of 5 entries say "Restated". Latest entry: 2026-09-11.
3 other companies' latest entry also says "Restated".
- 2026-09-11RestatedFinancial results presentation
「No interest-bearing debt (high resilience in a rising interest-rate environment)」
The company reaffirmed its debt-free financial structure and described it as providing resilience in a rising interest-rate environment. - FY2023RestatedAnnual report
「We have continued to operate without debt and maintain liquidity through free cash flow and retained earnings.」
The policy of operating without debt and relying primarily on FCF and retained earnings for funding remains in place. - FY2022RestatedAnnual report
「We have continued to operate without debt. Our equity ratio for the fiscal year ended March was 75.1%, and we recognize that our risk resilience and financial soundness remain at high levels.」
The continued debt-free operation and 75.1% equity ratio demonstrate the soundness of the financial structure. - FY2020RestatedAnnual report
「We have continued to operate without debt. Our equity ratio for the fiscal year ended March was 72.4%, and we recognize that our risk resilience and financial soundness remain at high levels.」
The continued debt-free operation and the 72.4% equity ratio reaffirm the soundness of the financial structure. - FY2018First statedAnnual report
「Debt repayment periods and interest coverage ratios are not presented for the fiscal years ended July 2016, July 2017 and July 2018 because there were no interest-bearing debt or interest payments.」
For the latest 3 fiscal years, the absence of interest-bearing debt and interest payments is presented as a structural fact.