Reducing Interest-Bearing Debt and Improving the Equity Ratio
First written in FY2016. 18 of 33 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
Nakamura Choukou moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
43 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Liabilities declined by ¥3,922 million from the end of the previous consolidated fiscal year to ¥612 million. This was due mainly to the deconsolidation resulting from the sale of all shares of the Company's consolidated subsidiary 日本ノズル株式会社 and repayment of the syndicated loan, which reduced short-term borrowings by ¥2,040 million, long-term borrowings due within one year by ¥512 million and long-term borrowings by ¥279 million. As a result, the equity ratio was 63.9% (15.1% at the end of the previous consolidated fiscal year).」
The sale of shares in 日本ノズル and repayment of the syndicated loan substantially reduced liabilities, and the equity ratio rose from 15.1% to 63.9%. - 2026-05-14AdvancedEarnings
「As a result of the removal of 日本ノズル株式会社, our consolidated subsidiary, from the consolidated group following the sale of all its shares, and the repayment of the syndicated loan, short-term borrowings decreased by ¥2,040 million, current portion of long-term borrowings decreased by ¥512 million and long-term borrowings decreased by ¥279 million. As a result, among other factors, total liabilities decreased by ¥3,922 million from the end of the previous consolidated fiscal year to ¥612 million.」
Liabilities fell substantially following the removal of 日本ノズル株式会社 from consolidation after the share sale and repayment of the syndicated loan. The equity ratio rose from 15.1% to 63.9%. - FY2026-H1AdvancedAnnual report
「Liabilities declined by ¥444 million from the end of the previous consolidated fiscal year to ¥4,091 million, due mainly to decreases of ¥186 million in advances received, ¥102 million in contract liabilities, ¥91 million in long-term borrowings due within one year and ¥43 million in electronically recorded obligations.」
Liabilities declined by ¥444 million from the end of the previous fiscal year, while net assets increased by ¥188 million due to an increase in retained earnings. The equity ratio also rose from 15.1% to 19.6%. - FY2025AdvancedAnnual report
「Liabilities declined by ¥613 million from the end of the previous consolidated fiscal year to ¥4,535 million. This was due mainly to decreases of ¥512 million in long-term borrowings, ¥151 million in electronically recorded obligations and ¥88 million in contract liabilities, despite a ¥279 million increase in long-term borrowings due within one year. As a result, the equity ratio was 15.1% (14.0% at the end of the previous consolidated fiscal year).」
Due to decreases in long-term borrowings and other items, liabilities declined by ¥613 million and the equity ratio rose from 14.0% to 15.1%. - FY2025-H1AdvancedAnnual report
「Liabilities declined by ¥254 million from the end of the previous consolidated fiscal year to ¥4,894 million, due mainly to decreases of ¥116 million in long-term borrowings and ¥85 million in electronically recorded obligations. As a result, the equity ratio was 14.3% (14.0% at the end of the previous consolidated fiscal year).」
Due to decreases in long-term borrowings and other items, liabilities declined by ¥254 million and the equity ratio rose from 14.0% to 14.3%. - FY2024WorsenedAnnual report
「Liabilities increased by ¥1,175 million from the end of the previous consolidated fiscal year to ¥5,148 million. This was due mainly to increases of ¥525 million in long-term borrowings, ¥375 million in deferred tax liabilities and ¥114 million in contract liabilities to fund the construction of the above factory and the related capital investment. As a result, the equity ratio was 14.0% (15.0% at the end of the previous consolidated fiscal year).」
In connection with the construction of 日本ノズル's new factory and major capital investment, liabilities increased by ¥1,175 million and the equity ratio declined from 15.0% to 14.0%. - FY2024-Q3WorsenedAnnual report
「To fund the construction of the above factory and the related capital investment, liabilities increased by ¥1,823 million from the end of the previous consolidated fiscal year to ¥5,797 million, due mainly to increases of ¥1,200 million in short-term borrowings, ¥583 million in long-term borrowings and ¥99 million in long-term borrowings due within one year.」
The construction of 日本ノズル's new factory and capital investment were financed through borrowings, resulting in a ¥1,823 million increase in liabilities. The equity ratio declined from 15.0% at the end of the previous fiscal year to 4.3%. - FY2024-Q2WorsenedAnnual report
「To fund the construction of the above factory and the related capital investment, liabilities increased by ¥1,874 million from the end of the previous consolidated fiscal year to ¥5,848 million, due mainly to increases of ¥1,200 million in short-term borrowings, ¥641 million in long-term borrowings and ¥91 million in long-term borrowings due within one year.」
The construction of 日本ノズル's new factory and capital investment were funded through borrowings, resulting in a ¥1,874 million increase in liabilities. The equity ratio declined from 15.0% at the end of the previous fiscal year to 6.9%. - FY2024-Q1WorsenedAnnual report
「To fund the construction of the above factory and the related capital investment, liabilities increased by ¥1,925 million from the end of the previous consolidated fiscal year to ¥5,898 million, due mainly to increases of ¥1,200 million in short-term borrowings, ¥700 million in long-term borrowings and ¥66 million in long-term borrowings due within one year.」
The construction of 日本ノズル's new factory and capital investment were financed through borrowings, resulting in a ¥1,925 million increase in liabilities and a ¥114 million decrease in net assets. The equity ratio also declined from 15.0% at the end of the previous consolidated fiscal year to 9.0%. - FY2023-Q3AdvancedAnnual report
「Liabilities declined by ¥925 million from the end of the previous consolidated fiscal year to ¥4,109 million, due mainly to decreases of ¥377 million in notes and accounts payable, ¥277 million in contract liabilities and ¥96 million in long-term borrowings due within one year. As a result, the equity ratio was 15.3% (14.1% at the end of the previous consolidated fiscal year).」
Liabilities declined by ¥925 million from the end of the previous fiscal year, and long-term borrowings due within one year also declined by ¥96 million. The equity ratio rose from 14.1% at the end of the previous fiscal year to 15.3%, but declined slightly from 15.4% in the previous quarter. - FY2023-Q2AdvancedAnnual report
「Liabilities declined by ¥748 million from the end of the previous consolidated fiscal year to ¥4,286 million, due mainly to decreases of ¥365 million in notes and accounts payable, ¥220 million in contract liabilities and ¥66 million in long-term borrowings due within one year.」
Liabilities declined by ¥748 million from the end of the previous consolidated fiscal year, and the equity ratio rose from 14.1% to 15.4%. Indicators of an improved financial position advanced from the previous quarter. - FY2023-Q1AdvancedAnnual report
「As a result, the equity ratio was 16.8% (14.1% at the end of the previous consolidated fiscal year).」
The equity ratio rose from 14.1% at the end of the previous fiscal year to 16.8% due to an increase in retained earnings and a decline in liabilities. Liabilities also declined by ¥602 million from the end of the previous fiscal year. - FY2022-Q3AdvancedAnnual report
「As a result, the equity ratio was 16.4% (8.3% at the end of the previous consolidated fiscal year).」
Due to increases in capital stock and capital surplus from the exercise of the Ninth Series of Subscription Rights to Shares and a decline in liabilities, the equity ratio rose from 8.3% at the end of the previous fiscal year to 16.4%. Net assets also increased by ¥467 million from the end of the previous fiscal year. - FY2022-Q2AdvancedAnnual report
「As a result, the equity ratio was 17.4% (8.3% at the end of the previous consolidated fiscal year).」
Against the backdrop of capital strengthening through the exercise of subscription rights to shares and a decline in liabilities, the equity ratio rose from 8.3% at the end of the previous fiscal year to 17.4%. - FY2022-Q1AdvancedAnnual report
「As a result, the equity ratio was 13.6% (8.3% at the end of the previous consolidated fiscal year).」
The equity ratio rose from 8.3% at the end of the previous fiscal year to 13.6% due to the recognition of profit and increases in capital stock and capital surplus. Liabilities also declined by ¥266 million from the end of the previous fiscal year. - FY2021AdvancedAnnual report
「In addition to the results of structural reforms becoming evident, interest-bearing debt had declined to ¥3,133 million as of the end of the period, and immediate concerns regarding funding had been resolved.」
The Company proceeded with repayments to financial institutions, reducing interest-bearing debt to ¥3,133 million. The equity ratio also rose from 7.8% at the end of the previous fiscal year to 8.3%. - FY2021-Q3Decline in interest-bearing debt and slight decline in equity ratioAnnual report
「Although advances received increased by ¥526 million and notes and accounts payable increased by ¥353 million, liabilities declined by ¥594 million from the end of the previous consolidated fiscal year to ¥5,360 million, due mainly to a ¥465 million decrease in short-term borrowings and a ¥930 million decrease in long-term borrowings due within one year.」
Liabilities declined by ¥594 million from the end of the previous consolidated fiscal year due to decreases in short-term borrowings and long-term borrowings due within one year. Meanwhile, the equity ratio declined from 7.8% to 7.5%, indicating that the improvement in the financial position was not one-directional. - FY2021-Q2WorsenedAnnual report
「As a result, the equity ratio was 5.7% (7.8% at the end of the previous consolidated fiscal year).」
While liabilities declined due to the repayment of borrowings, net assets decreased by ¥160 million from the end of the previous consolidated fiscal year due to the recognition of a quarterly net loss and other factors, causing the equity ratio to decline from 7.8% to 5.7%. - FY2021-Q1AdvancedAnnual report
「During the first quarter of the current consolidated fiscal year, assets and liabilities both declined as a result of the repayment of ¥1,300 million to financial institutions at the end of April 2020.」
The Company repaid ¥1,300 million to financial institutions, reducing interest-bearing debt to ¥3,248 million. Insolvency had also been resolved as of the end of the previous consolidated fiscal year, marking tangible progress in improving the Company's financial position. - FY2020-Q3AdvancedAnnual report
「Due to a ¥1,181 million increase in capital stock, a ¥1,181 million increase in capital surplus and a ¥1,318 million decrease in retained earnings, among other factors, net assets increased by ¥1,044 million from the end of the previous consolidated fiscal year but remained negative by ¥284 million. As a result, the equity ratio was negative 3.8% (negative 17.2% at the end of the previous consolidated fiscal year).」
Net assets increased by ¥1,044 million due to the exercise of subscription rights to shares and other factors, narrowing the amount of negative net assets from ¥1,329 million at the end of the previous fiscal year to ¥284 million. The equity ratio also improved from negative 17.2% to negative 3.8%, but the Company remains insolvent. - FY2020-Q2WorsenedAnnual report
「As a result, the equity ratio was negative 17.1% (negative 17.2% at the end of the previous consolidated fiscal year). Total assets declined, mainly trade receivables, following efforts to scale back the diamond wire production system in the electronic materials slicing-related business. Meanwhile, net assets increased due to declines in interest-bearing debt and the exercise of subscription rights to shares, but the Company remains insolvent.」
Despite the exercise of subscription rights to shares and a decline in interest-bearing debt, the amount of negative net assets increased from ¥983 million to ¥1,134 million, and the equity ratio declined from negative 13.1% to negative 17.1%. - FY2020-Q1AdvancedAnnual report
「Due to a ¥347 million increase in capital stock, a ¥347 million increase in capital surplus and a ¥361 million decrease in retained earnings, among other factors, net assets increased by ¥345 million from the end of the previous consolidated fiscal year but remained negative by ¥983 million. As a result, the equity ratio was negative 13.1% (negative 17.2% at the end of the previous consolidated fiscal year).」
Due to capital increases from the exercise of subscription rights to shares and other factors, the amount of negative net assets narrowed from ¥1,329 million to ¥983 million, and the equity ratio improved from negative 17.2% to negative 13.1%. However, the Company remains insolvent. - FY2019WorsenedAnnual report
「As a result, the equity ratio was negative 17.2% (45.1% at the end of the previous consolidated fiscal year).」
Due to the significant net loss and impairment losses, the equity ratio declined from 45.1% to negative 17.2%, and net assets became negative by ¥1,329 million. - FY2019-Q3WorsenedAnnual report
「As a result, the equity ratio was negative 9.8% (45.1% at the end of the previous consolidated fiscal year).」
The equity ratio declined from 45.1% to negative 9.8%, and net assets became negative by ¥816 million. - FY2019-Q2WorsenedAnnual report
「As a result, the equity ratio was negative 4.6% (45.1% at the end of the previous consolidated fiscal year). Current assets, including cash and deposits, trade receivables and inventories, declined due to deteriorating business conditions following sharp market changes in the electronic materials slicing-related business, the Company's core business, while fixed assets declined substantially due to impairment losses. Net assets also declined substantially due to the recognition of a significant net loss, leaving the Company in a state of insolvency at the end of the current quarter's consolidated accounting period.」
The equity ratio declined from 45.1% to negative 4.6%, and net assets became negative by ¥428 million. Interest-bearing debt stood at a high level of ¥8,102 million relative to available liquidity. - FY2019-Q1WorsenedAnnual report
「As a result, the equity ratio was 39.1% (45.1% at the end of the previous consolidated fiscal year). Total assets declined substantially, mainly cash and deposits, trade receivables and inventories, due to deteriorating business conditions following sharp market changes in the electronic materials slicing-related business, the Company's core business. Net assets also declined substantially due to the recognition of a significant net loss, and the equity ratio deteriorated by approximately 6% as the proportion of liabilities increased.」
Due to deteriorating business conditions caused by sharp market changes and the recognition of a significant net loss, the equity ratio declined from 45.1% at the end of the previous consolidated fiscal year to 39.1%. Net assets decreased by ¥1,880 million to ¥6,001 million. - FY2018-Q3AdvancedAnnual report
「As a result, the equity ratio was 43.8% (41.1% at the end of the previous consolidated fiscal year).」
Net assets increased due to increases in capital stock, capital surplus and retained earnings, and the equity ratio rose from 41.1% at the end of the previous consolidated fiscal year to 43.8%. - FY2018-Q2WorsenedAnnual report
「As a result, the equity ratio was 37.0%, compared with 41.1% at the end of the previous fiscal year.」
Due to increases in lease liabilities, short-term borrowings and other items, liabilities increased by ¥2,609 million from the end of the previous consolidated fiscal year, and the equity ratio declined from 41.1% to 37.0%. - FY2018-Q1WorsenedAnnual report
「As a result, the equity ratio was 40.0%, compared with 41.1% at the end of the previous fiscal year.」
Liabilities increased by ¥415 million from the end of the previous fiscal year, mainly due to an increase in short-term borrowings, and the equity ratio declined from 41.1% to 40.0%. - FY2017-Q3WorsenedAnnual report
「As a result, the equity ratio was 42.9%, compared with 49.6% at the end of the previous fiscal year.」
The equity ratio declined from 49.6% at the end of the previous fiscal year to 42.9%. Although share capital and capital surplus increased, financial soundness deteriorated due to a decline in retained earnings and an increase in liabilities. - FY2017-Q2AdvancedAnnual report
「As a result, the equity ratio was 54.3%, compared with 49.6% at the end of the previous fiscal year.」
The equity ratio rose from 49.6% to 54.3%, supported by an equity offering. Meanwhile, liabilities increased by ¥578 million from the end of the previous fiscal year. - FY2017-Q1AdvancedAnnual report
「Liabilities decreased by ¥255 million from the end of the previous fiscal year to ¥4,897 million, owing to decreases of ¥199 million in long-term borrowings, ¥24 million in current maturities of long-term borrowings, ¥141 million in income taxes payable and ¥62 million in provision for bonuses, partly offset by a ¥204 million increase in other current liabilities. As a result, the equity ratio was 59.0%, compared with 49.6% at the end of the previous fiscal year.」
Liabilities declined, and the equity ratio rose from 49.6% to 59.0%. - FY2016First statedAnnual report
「We recognize that improving our financial position is an urgent priority, and will pursue sounder management by reducing interest-bearing debt and improving the equity ratio.」
Improving the financial base is an issue against a backdrop of reliance on borrowings to fund capital investment.