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Ishikawa Seisakusho (6208) · FactWorsened

Decline in the equity ratio following the expansion of the scope of consolidation

First written in FY2018-Q3. 8 of 27 entries say "Worsened", first in FY2020. Latest entry: FY2026.

27entries
9years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2018-Q3 – FY2019-Q3OtherFY2022-Q2 – FY2023-Q2WorsenedFY2025-H1 – FY20262018: 320182019: 420192020: 420202021: 420212022: 320222023: 320232024: 220242025: 220252026: 22026
Same theme, other companies
Decline in Equity Ratio Due to Higher Short-Term BorrowingsA theme 4 companies write about · 4 as a headwind · 0 as a tailwind

Ishikawa Seisakusho moved to the "Worse" side of this theme in 2024.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「Equity ratio (%) 25.8 22.7」

    The equity ratio fell from 25.8% at the end of the previous fiscal year to 22.7%. Net assets increased, but liabilities and total assets, including borrowings, increased by more.
  2. 2026-05-11WorsenedResults

    「As a result, total assets increased ¥6,176 million, or 29.6%, from the end of the previous consolidated fiscal year to ¥27,015 million.」

    The increase in liabilities exceeded the increase in net assets, and the equity ratio declined from approximately 25.8% at the end of the previous fiscal year to approximately 22.7%.
  3. FY2026-H1WorsenedAnnual report

    「Equity ratio (%) 26.9 22.9 25.8」

    The equity ratio fell to 22.9% at the end of the interim period, from 26.9% in the same period of the previous year and 25.8% at the end of the previous consolidated fiscal year. The increase in liabilities, including short-term borrowings, exceeded the increase in net assets.
  4. FY2025WorsenedAnnual report

    「Equity ratio (%) 26.8 25.4 29.0 29.2 25.8」

    The equity ratio fell from 29.2% at the end of the previous consolidated fiscal year to 25.8%. Net assets increased, but total assets, including contract assets and borrowings, and liabilities increased by more.
  5. FY2025-H1WorsenedAnnual report

    「Equity ratio (%) 31.6 26.9 29.2」

    The equity ratio fell to 26.9% at the end of the interim period, from 31.6% in the same period of the previous year and 29.2% at the end of the previous consolidated fiscal year.
  6. FY2024-Q3Improved year on year, but declined from the fiscal year-endAnnual report

    「Equity ratio (%) 26.5 27.7 29.0」

    The equity ratio rose from 26.5% in the same period of the previous year to 27.7%, while falling below the 29.0% recorded at the end of the previous consolidated fiscal year.
  7. FY2024-Q2AdvancedAnnual report

    「Equity ratio (%) 25.4 31.6 29.0」

    The equity ratio rose to 31.6% at the end of the second quarter, from 25.4% in the same period of the previous year and 29.0% at the end of the previous consolidated fiscal year.
  8. FY2024-Q1AdvancedAnnual report

    「Equity ratio (%) 25.9 32.5 29.0」

    The equity ratio rose to 32.5% at the end of the first quarter, from 25.9% in the same period of the previous year and 29.0% at the end of the previous consolidated fiscal year.
  9. FY2023-Q3AdvancedAnnual report

    「Equity ratio (%) 25.3 26.5 25.4」

    The equity ratio rose to 26.5% at the end of the third quarter, from 25.3% in the same period of the previous year and 25.4% at the end of the previous consolidated fiscal year.
  10. FY2023-Q2Down year on year, roughly unchanged from the period-endAnnual report

    「Equity ratio (%) 26.1 25.4 25.4」

    The equity ratio fell from 26.1% in the same period of the previous year to 25.4%, while remaining at the same level as the 25.4% recorded at the end of the previous consolidated fiscal year.
  11. FY2023-Q1Down year on year, up from the fiscal year-endAnnual report

    「Equity ratio (%) 29.0 25.9 25.4」

    The equity ratio fell from 29.0% in the same period of the previous year to 25.9%, while rising from 25.4% at the end of the previous consolidated fiscal year.
  12. FY2022-Q3Improved year on year, but declined from the fiscal year-endAnnual report

    「Equity ratio (%) 22.8 25.3 26.8」

    The equity ratio rose from 22.8% in the same period of the previous year to 25.3%, but remained below the 26.8% at the end of the previous consolidated fiscal year.
  13. FY2022-Q2Improved year on year, but declined from the fiscal year-endAnnual report

    「Equity ratio (%) 23.8 26.1 26.8」

    The equity ratio rose from 23.8% in the same period of the previous year to 26.1%, but remained below the 26.8% at the end of the previous consolidated fiscal year.
  14. FY2022-Q1AdvancedAnnual report

    「Equity ratio (%) 26.4 29.0 26.8」

    The equity ratio rose to 29.0% at the end of the first quarter under review, from 26.4% in the same period of the previous year and 26.8% at the end of the previous consolidated fiscal year.
  15. FY2021AdvancedAnnual report

    「Equity ratio (%) 25.3 25.1 28.6 24.9 26.8」

    The equity ratio rose from 24.9% at the end of the previous consolidated fiscal year to 26.8%, improving from the decline in the previous fiscal year.
  16. FY2021-Q3WorsenedAnnual report

    「Equity ratio (%) 22.3 22.8 24.9」

    The equity ratio rose from 22.3% in the same period of the previous year to 22.8%, but remained below the 24.9% at the end of the previous consolidated fiscal year.
  17. FY2021-Q2WorsenedAnnual report

    「Equity ratio (%) 23.5 23.8 24.9」

    The equity ratio rose from 23.5% in the same period of the previous year to 23.8%, but remained below the 24.9% at the end of the previous consolidated fiscal year.
  18. FY2021-Q1Increase in the equity ratio from the end of the fiscal yearAnnual report

    「Equity ratio (%) 26.4 26.4 24.9」

    The equity ratio was at the same level as the 26.4% in the same period of the previous year and rose from 24.9% at the end of the previous consolidated fiscal year.
  19. FY2020WorsenedAnnual report

    「Equity ratio (%) 34.7 25.3 25.1 28.6 24.9」

    The equity ratio fell from 28.6% at the end of the previous consolidated fiscal year to 24.9%. The equity ratio, which had recovered following the expansion of the scope of consolidation, declined again due to an increase in short-term borrowings and other factors.
  20. FY2020-Q3Quarterly decline in the equity ratioAnnual report

    「Equity ratio (%) 21.2 22.3 28.6」

    The equity ratio rose from 21.2% in the same period of the previous year to 22.3%, but remained below the 28.6% at the end of the previous consolidated fiscal year.
  21. FY2020-Q2Quarterly decline in the equity ratioAnnual report

    「Equity ratio (%) 23.7 23.5 28.6」

    The equity ratio fell from 23.7% in the same period of the previous year to 23.5%, below the 28.6% at the end of the previous consolidated fiscal year.
  22. FY2020-Q1Quarterly decline in the equity ratioAnnual report

    「Equity ratio (%) 24.9 26.4 28.6」

    The equity ratio rose from 24.9% in the same period of the previous year to 26.4%, but fell from 28.6% at the end of the previous consolidated fiscal year.
  23. FY2019AdvancedAnnual report

    「Equity ratio (%) 33.9 34.7 25.3 25.1 28.6」

    The equity ratio rose from 25.1% at the end of the previous consolidated fiscal year to 28.6%. It improved from the declining trend through the previous quarter, recovering the level following the expansion of the scope of consolidation.
  24. FY2019-Q3Equity ratio continues to declineAnnual report

    「Equity ratio (%) 18.2 21.2 25.1」

    The equity ratio fell from 25.1% at the end of the previous consolidated fiscal year to 21.2%. On the other hand, it was above the 18.2% in the same period of the previous year.
  25. FY2019-Q2Equity ratio continues to declineAnnual report

    「Equity ratio (%) 20.3 23.7 25.1」

    The equity ratio fell from 25.1% at the end of the previous consolidated fiscal year to 23.7%. It was above the 20.3% in the same period of the previous year.
  26. FY2019-Q1Slight decline in the equity ratioAnnual report

    「Equity ratio (%) 34.1 24.9 25.1」

    The equity ratio edged down from 25.1% at the end of the previous consolidated fiscal year to 24.9%. It was also below the 34.1% in the same period of the previous year, remaining at a low level relative to the expanded scale of total assets and liabilities following the consolidation of 関東航空計器.
  27. FY2018-Q3First statedAnnual report

    「Equity ratio (%) 23.8 18.1 25.3」

    The equity ratio fell from 23.8% in the same period of the previous year to 18.1%, below the 25.3% at the end of the previous consolidated fiscal year. This was disclosed together with the expansion of total assets and liabilities associated with the consolidation of 関東航空計器.
Moved together

"Increase in inventories and short-term borrowings" moved the same way as this thread, in the same document, in 8 of its 27 moves.

877665★123456
  1. ★This thread
  2. 1Increase in inventories and short-term borrowings8×
  3. 2Increase in trade receivables weakened operating cash flow7×
  4. 3Defense equipment segment turns profitable7×
  5. 4Strengthening the earnings base through improved operating efficiency, lower costs and higher quality6×
  6. 5Net assets maintained through an increase in valuation difference on securities6×
  7. 6Establishing a stable profitable base and resuming dividends5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Ishikawa Seisakusho's next results are scheduled for 2026-11-09. Read the earnings preview It last moved in the Results of 2026-05-11: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.