Improving the financial position and restoring stakeholder confidence through the rehabilitation plan
First written in FY2016. 22 of 47 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-07.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「The net loss attributable to owners of the parent for the current consolidated fiscal year was ¥14.9 billion, following the recording of ¥3.5 billion in income tax expense, compared with net income attributable to owners of the parent of ¥2 billion in the previous consolidated fiscal year.」
Net income attributable to owners of the parent turned from a profit of ¥2 billion to a loss of ¥14.9 billion, while net assets decreased from ¥60.2 billion to ¥43.7 billion and the equity ratio declined from 20.9% to 16.7%. The improvement in financial strength deteriorated substantially. - FY2026-H1WorsenedAnnual report
「Net assets decreased by ¥6.1 billion from the end of the previous consolidated fiscal year to ¥54 billion, mainly because an interim net loss attributable to owners of the parent was recorded, dividends were paid and the foreign currency translation adjustment account decreased.」
Net assets decreased from ¥60.2 billion at the end of the previous consolidated fiscal year to ¥54 billion, a decrease of ¥6.1 billion. Although the equity ratio rose from 20.9% to 21.2%, the scale of the financial base contracted, mainly because of the interim net loss of ¥3 billion. - FY2025WorsenedAnnual report
「Although shareholders’ equity increased through the recording of net income attributable to owners of the parent of ¥2 billion for the fiscal year, net assets decreased by ¥3.9 billion from the end of the previous consolidated fiscal year to ¥60.2 billion because dividends were paid and the foreign currency translation adjustment account and accumulated adjustments related to retirement benefits decreased within accumulated other comprehensive income. As a result, the equity ratio fell from 22.4% in the previous consolidated fiscal year to 20.9%.」
Net assets decreased from ¥64.1 billion to ¥60.2 billion, a decrease of ¥3.9 billion, and the equity ratio declined from 22.4% to 20.9%. Cash and cash equivalents also decreased from ¥109 billion to ¥72.5 billion, indicating deterioration in the key financial-base metrics. - FY2025-H1Lower net assets and higher equity ratioAnnual report
「Net assets decreased by ¥1.3 billion from the end of the previous consolidated fiscal year to ¥62.8 billion, mainly because, although interim net income attributable to owners of the parent was recorded, dividends were paid and the foreign currency translation adjustment account decreased.」
Net assets decreased from ¥64.1 billion at the end of the previous consolidated fiscal year to ¥62.8 billion, a decrease of ¥1.3 billion, while the equity ratio rose from 22.4% to 22.6%. Improvement and contraction coexisted in the financial base. - FY2024AdvancedAnnual report
「Net assets increased by ¥15 billion from the end of the previous consolidated fiscal year to ¥64.1 billion, reflecting the accumulation of shareholders’ equity from the recording of net income attributable to owners of the parent of ¥9.8 billion and increases in the foreign currency translation adjustment account and other items within accumulated other comprehensive income. As a result, the equity ratio was 22.4%, an improvement from 19.1% in the previous consolidated fiscal year.」
Net assets were ¥64.1 billion and the equity ratio was 22.4%, an improvement from the previous fiscal year. Net income attributable to owners of the parent of ¥9.8 billion was also recorded, indicating numerical progress in the financial base. - FY2024-Q3AdvancedAnnual report
「Net assets increased by ¥5.7 billion from the end of the previous consolidated fiscal year to ¥54.8 billion, mainly because quarterly net income attributable to owners of the parent was recorded and the foreign currency translation adjustment account increased.」
Net assets increased from ¥49.1 billion at the end of the previous consolidated fiscal year to ¥54.8 billion, an increase of ¥5.7 billion. The equity ratio rose from 19.1% to 19.4%, indicating numerical improvement in the financial base. - FY2024-Q2AdvancedAnnual report
「Net assets increased by ¥6 billion from the end of the previous consolidated fiscal year to ¥55.1 billion, mainly because quarterly net income attributable to owners of the parent was recorded and the foreign currency translation adjustment account increased.」
Net assets increased from ¥49.1 billion at the end of the previous consolidated fiscal year to ¥55.1 billion, an increase of ¥6 billion. The equity ratio also rose from 19.1% at the end of the previous consolidated fiscal year to 19.5%, indicating continued numerical improvement in the financial base. - FY2024-Q1AdvancedAnnual report
「Net assets increased by ¥3.1 billion from the end of the previous consolidated fiscal year to ¥52.2 billion, mainly because quarterly net income attributable to owners of the parent was recorded and the foreign currency translation adjustment account and deferred hedge gains and losses increased.」
Net assets increased from ¥49.1 billion at the end of the previous consolidated fiscal year to ¥52.2 billion, an increase of ¥3.1 billion, and the equity ratio rose from 19.1% to 19.2%. The figures show continued improvement in the financial base. - FY2023AdvancedAnnual report
「Net assets increased by ¥4.5 billion from the end of the previous consolidated fiscal year to ¥49.1 billion, reflecting the accumulation of shareholders’ equity from the recording of net income attributable to owners of the parent of ¥1.6 billion and increases in the foreign currency translation adjustment account and other items within accumulated other comprehensive income. As a result, the equity ratio was 19.1%, a slight improvement from 18.4% in the previous consolidated fiscal year.」
Net assets increased from ¥44.5 billion to ¥49.1 billion, an increase of ¥4.5 billion, and the equity ratio rose from 18.4% to 19.1%. Cash flows from operating activities also turned from a ¥6.7 billion decrease in funds to a ¥15.5 billion increase, indicating continued numerical improvement in the financial base. - FY2023-Q3AdvancedAnnual report
「Net assets increased by ¥3.7 billion from the end of the previous consolidated fiscal year to ¥48.2 billion, mainly because quarterly net income attributable to owners of the parent was recorded and the foreign currency translation adjustment account increased.」
Net assets increased from ¥44.5 billion at the end of the previous consolidated fiscal year to ¥48.2 billion, an increase of ¥3.7 billion, and the equity ratio rose from 18.4% to 19.9%. The figures show continued improvement in financial strength. - FY2023-Q2AdvancedAnnual report
「Net assets increased by ¥5.8 billion from the end of the previous consolidated fiscal year to ¥50.4 billion, mainly because quarterly net income attributable to owners of the parent was recorded and the foreign currency translation adjustment account increased. Cash and cash equivalents stood at ¥101.8 billion at the end of the second quarter of the current consolidated fiscal year, up ¥12 billion from the end of the previous consolidated fiscal year.」
Net assets increased by ¥5.8 billion from the end of the previous consolidated fiscal year to ¥50.4 billion, and cash and cash equivalents also increased by ¥12 billion. Cash flows from operating activities also represented an increase in funds of ¥11.3 billion, indicating numerical improvement in the financial base. - FY2023-Q1AdvancedAnnual report
「Net assets increased by ¥5.6 billion from the end of the previous consolidated fiscal year to ¥50.2 billion, mainly because quarterly net income attributable to owners of the parent was recorded and the foreign currency translation adjustment account and deferred hedge gains and losses increased.」
Net assets increased from ¥44.5 billion at the end of the previous consolidated fiscal year to ¥50.2 billion, an increase of ¥5.6 billion, and the equity ratio rose from 18.4% to 20.4%. The figures show continued improvement in financial strength. - FY2022-Q3AdvancedAnnual report
「Net assets stood at ¥41.5 billion, an increase of ¥1.4 billion from the end of the previous consolidated fiscal year.」
Net assets increased from ¥40 billion at the end of the previous consolidated fiscal year to ¥41.5 billion, an increase of ¥1.4 billion. However, the equity ratio declined from 18.3% to 18.1%, with the financial metrics showing both improvement and deterioration. - FY2022-Q2AdvancedAnnual report
「Net assets stood at ¥42.3 billion, an increase of ¥2.2 billion from the end of the previous consolidated fiscal year.」
Net assets increased from ¥40 billion at the end of the previous consolidated fiscal year to ¥42.3 billion, an increase of ¥2.2 billion, and the equity ratio rose from 18.3% to 19.0%. The figures show continued improvement in financial strength. - FY2022-Q1AdvancedAnnual report
「Net assets stood at ¥41.3 billion, an increase of ¥1.2 billion from the end of the previous consolidated fiscal year.」
Net assets increased from ¥40 billion at the end of the previous consolidated fiscal year to ¥41.3 billion, an increase of ¥1.2 billion, and the equity ratio rose from 18.3% to 18.6%. The figures show an improvement in financial strength. - FY2021AdvancedAnnual report
「The US ethylene production facilities project, the largest concern in recent years, was completed in fiscal 2019, eliminating unprofitable projects. Although the impact of COVID-19 gradually expanded from the fourth quarter of fiscal 2019, efforts across the group to improve project performance and thorough expenditure controls helped improve gross profit and non-operating income, resulting in net income attributable to owners of the parent of ¥800 million for the current consolidated fiscal year.」
The document reports the completion of the US ethylene production facilities project and the elimination of unprofitable projects, resulting in net income attributable to owners of the parent of ¥800 million, net assets of ¥40 billion and an equity ratio of 18.3%. It explains that the measures under the recovery plan produced two consecutive fiscal years of profitability at every profit level. - FY2021-Q3WorsenedAnnual report
「Net assets decreased by ¥1.5 billion from the end of the previous consolidated fiscal year to ¥34.4 billion, mainly because, although quarterly net income attributable to owners of the parent of ¥800 million was recorded, the foreign currency translation adjustment account decreased by ¥3.2 billion.」
Net assets decreased from ¥35.9 billion at the end of the previous consolidated fiscal year to ¥34.4 billion, a decrease of ¥1.5 billion, and the equity ratio declined from 17.2% to 16.6%. Although quarterly net income was recorded, the key financial-strength metrics deteriorated, mainly because of the decrease in the foreign currency translation adjustment account. - FY2021-Q2WorsenedAnnual report
「Net assets decreased by ¥1.4 billion from the end of the previous consolidated fiscal year to ¥34.5 billion, mainly because, although quarterly net income attributable to owners of the parent of ¥700 million was recorded, the foreign currency translation adjustment account decreased by ¥2.7 billion.」
Net assets decreased from ¥35.9 billion at the end of the previous consolidated fiscal year to ¥34.5 billion, a decrease of ¥1.4 billion, and the equity ratio declined from 17.2% to 16.7%. Although cash flows from operating activities improved from a ¥14.4 billion decrease in funds in the same period of the previous year to a ¥4 billion increase, the key financial-strength metrics deteriorated. - FY2021-Q1WorsenedAnnual report
「Net assets decreased by ¥2.4 billion from the end of the previous consolidated fiscal year to ¥33.5 billion, mainly because, although deferred hedge losses decreased by ¥400 million, a quarterly net loss attributable to owners of the parent of ¥200 million was recorded and the foreign currency translation adjustment account decreased by ¥2.7 billion.」
Net assets decreased from ¥35.9 billion at the end of the previous consolidated fiscal year to ¥33.5 billion, a decrease of ¥2.4 billion, and the equity ratio declined from 17.2% to 16.9%. Financial strength deteriorated in numerical terms because of the quarterly net loss and the decrease in the foreign currency translation adjustment account. - FY2020AdvancedAnnual report
「The project began commercial production during the current consolidated fiscal year, and operating profit returned to profitability for the first time in 4 fiscal years.」
The document reports the start of commercial production at the US ethylene production facilities and the return to operating profitability for the first time in 4 fiscal years. It shows concrete progress in improving the financial and earnings base under the recovery plan. - FY2020-Q3AdvancedAnnual report
「Total assets decreased by ¥37.6 billion from the end of the previous consolidated fiscal year to ¥202 billion, mainly because cash and deposits decreased by ¥23.2 billion and notes receivable and accounts receivable from completed construction contracts and other receivables decreased by ¥11 billion. Liabilities decreased by ¥38.4 billion to ¥164.8 billion, mainly because notes payable and accounts payable for construction contracts and other payables decreased by ¥22.5 billion, long-term borrowings decreased by ¥9.1 billion and advances received on construction contracts in progress decreased by ¥8.7 billion. Net assets increased by ¥700 million to ¥37.1 billion, mainly because, although the foreign currency translation adjustment account decreased by ¥2.1 billion, quarterly net income attributable to owners of the parent of ¥1.7 billion was recorded and deferred hedge losses decreased by ¥1.2 billion.」
Net assets increased by ¥700 million from the end of the previous consolidated fiscal year to ¥37.1 billion, and the equity ratio rose from 15.1% to 18.3%. Although liabilities also decreased by ¥38.4 billion, cash and deposits decreased by ¥23.2 billion and total assets by ¥37.6 billion, so improvement in financial strength coexisted with a contraction in assets and liquidity. - FY2020-Q2AdvancedAnnual report
「Total assets decreased by ¥30.1 billion from the end of the previous consolidated fiscal year to ¥209.5 billion, mainly because cash and deposits decreased by ¥13.5 billion and notes receivable and accounts receivable from completed construction contracts and other receivables decreased by ¥11.5 billion. Liabilities decreased by ¥31.6 billion to ¥171.7 billion, mainly because notes payable and accounts payable for construction contracts and other payables decreased by ¥16.6 billion and advances received on construction contracts in progress decreased by ¥9.6 billion. Net assets increased by ¥1.4 billion to ¥37.8 billion, mainly because, although the foreign currency translation adjustment account decreased by ¥900 million, quarterly net income attributable to owners of the parent of ¥2.7 billion was recorded.」
Net assets increased by ¥1.4 billion from the end of the previous consolidated fiscal year to ¥37.8 billion, and the equity ratio rose from 15.1% to 18.0%. Although liabilities also decreased by ¥31.6 billion, cash and cash equivalents decreased by ¥12.7 billion, so the contraction in liquidity coexisted with the improvement. - FY2020-Q1AdvancedAnnual report
「Net assets increased by ¥2.7 billion from the end of the previous consolidated fiscal year to ¥39.1 billion, mainly because net income attributable to owners of the parent of ¥2.5 billion was recorded.」
Net assets increased from ¥36.3 billion at the end of the previous consolidated fiscal year to ¥39.1 billion, an increase of ¥2.7 billion, and the equity ratio rose from 15.1% to 18.1%. Although the figures show continued improvement in financial strength, cash and deposits decreased by ¥12.2 billion. - FY2019Financial improvement and continued net lossesAnnual report
「Our group recognizes that its highest priority is to complete delivery of the US ethylene production facilities project as soon as possible and return the EPC (Engineering, Procurement, Construction) business to profitability.」
The third-party allotment of shares improved net assets from ¥25.1 billion to ¥36.3 billion and the equity ratio from 10.0% to 15.1%. However, a net loss attributable to owners of the parent of ¥800 million, an operating loss of ¥5.6 billion and a ¥25.8 billion decrease in funds from operating activities continued. Completion of the US project and a return to EPC profitability remained unmet targets, so improvements coexisted with continuing challenges. - FY2019-Q3WorsenedAnnual report
「Total assets decreased by ¥28.9 billion from the end of the previous consolidated fiscal year to ¥222.9 billion, mainly because cash and deposits decreased by ¥24.8 billion, although notes receivable and accounts receivable from completed construction contracts and other receivables increased by ¥8.5 billion. Net assets decreased by ¥500 million from the end of the previous consolidated fiscal year to ¥24.6 billion, mainly because, although quarterly net income attributable to owners of the parent of ¥1.4 billion was recorded, the foreign currency translation adjustment account decreased by ¥1.3 billion.」
Although quarterly net income was recorded, cash and deposits, total assets and net assets decreased by ¥24.8 billion, ¥28.9 billion and ¥500 million, respectively, from the end of the previous consolidated fiscal year. The equity ratio rose from 10.0% to 11.0%, but assets, net assets and cash balances continued to contract. - FY2019-Q2WorsenedAnnual report
「Net assets decreased by ¥20 million from the end of the previous consolidated fiscal year to ¥25.1 billion, mainly because, although quarterly net income attributable to owners of the parent of ¥1.6 billion was recorded, the foreign currency translation adjustment account decreased by ¥1.7 billion. Cash and cash equivalents (hereinafter, “funds”) stood at ¥85.4 billion at the end of the second quarter of the current consolidated fiscal year, down ¥21.1 billion from the end of the previous consolidated fiscal year.」
Although quarterly net income was recorded, net assets decreased by ¥20 million from the end of the previous consolidated fiscal year, and cash and cash equivalents also decreased by ¥21.1 billion. Cash flows from operating activities also represented a decrease in funds of ¥23.5 billion, indicating deterioration in liquidity in terms of financial strength. - FY2019-Q1WorsenedAnnual report
「Net assets decreased by ¥300 million from the end of the previous consolidated fiscal year to ¥24.7 billion, mainly because, although quarterly net income attributable to owners of the parent of ¥1.3 billion was recorded, the foreign currency translation adjustment account decreased by ¥1.4 billion.」
Net assets decreased by ¥300 million from ¥25.1 billion at the end of the previous consolidated fiscal year to ¥24.7 billion, and the equity ratio declined from 10.0% to 9.9%. Although quarterly profit was recorded, the metrics indicating financial strength deteriorated slightly. - FY2018WorsenedAnnual report
「In response to the substantial deterioration in profitability and the resulting impairment of equity, we recognize that the highest priority is to complete the project as planned and return the EPC business to profitability. Under the recovery plan, we will strengthen these efforts.」
Further deterioration in the profitability of the US ethylene production facilities project resulted in a net loss attributable to owners of the parent of ¥26.8 billion and net assets of ¥25.1 billion. The document refers to the previous “restructuring plan” as the “recovery plan” and identifies completing the project, returning the EPC business to profitability and restoring equity as the highest-priority issues. - FY2018-Q3WorsenedAnnual report
「Net assets decreased by ¥21.2 billion from the end of the previous consolidated fiscal year to ¥30 billion, mainly because, although deferred hedge losses decreased by ¥2.3 billion, a quarterly net loss attributable to owners of the parent of ¥23.7 billion was recorded. In light of the substantial loss recorded and the resulting decrease in net assets, we will focus on the following measures while enhancing the effectiveness of the restructuring plan currently under way, in order to rebuild as soon as possible the corporate foundation needed to secure stable profits.」
Additional losses on the US ethylene production facilities project reduced net assets by ¥21.2 billion from the end of the previous consolidated fiscal year to ¥30 billion. The company indicated that it would enhance the effectiveness of the restructuring plan and rebuild its corporate foundation. - FY2018-Q2AdvancedAnnual report
「Net assets increased by ¥3.4 billion from the end of the previous consolidated fiscal year to ¥54.7 billion, mainly because quarterly net income attributable to owners of the parent of ¥1.1 billion was recorded and deferred hedge losses decreased by ¥2.6 billion.」
Net assets increased by ¥3.4 billion from the end of the previous consolidated fiscal year to ¥54.7 billion, and the equity ratio rose from 16.2% to 18.0%. Although the figures show progress in improving financial strength, cash and cash equivalents decreased by ¥24.5 billion from the end of the previous consolidated fiscal year. - FY2018-Q1AdvancedAnnual report
「Net assets increased by ¥1.7 billion from the end of the previous consolidated fiscal year to ¥53 billion, mainly because, although ¥300 million in dividends was paid, quarterly net income attributable to owners of the parent of ¥1 billion was recorded and deferred hedge losses decreased by ¥1.1 billion.」
Net assets increased by ¥1.7 billion from the end of the previous consolidated fiscal year, and the equity ratio rose from 16.2% to 18.1%. The figures show progress in improving financial strength on a quarterly basis. - FY2017WorsenedAnnual report
「The second year of the restructuring plan, the fiscal year ended March 2017, produced a disappointing result because profitability deteriorated on one of the major projects on which we had been focusing, the ethylene production facilities project for the United States. Orders fell substantially short of the order target of ¥250 billion for the fiscal year amid the downturn in the market.」
In the second year of the restructuring plan, profitability deteriorated on the US project, and the ¥250 billion order target was also substantially missed. This indicates deterioration in the performance of the restructuring plan aimed at improving financial strength and restoring confidence. - FY2017-Q3RestatedAnnual report
「Net assets increased by ¥500 million from the end of the previous consolidated fiscal year to ¥51.6 billion, mainly because, although a quarterly net loss attributable to owners of the parent of ¥1 billion was recorded, the total accumulated other comprehensive income increased by ¥2.3 billion.」
Net assets increased by ¥500 million from the end of the previous consolidated fiscal year, although a quarterly net loss was recorded. Rather than representing clear new progress in improving financial strength, this indicates that the previous improvement has been maintained. - FY2017-Q2AdvancedAnnual report
「Net assets increased by ¥600 million from the end of the previous consolidated fiscal year to ¥51.6 billion, mainly because, although the foreign currency translation adjustment account decreased by ¥3.1 billion, quarterly net income attributable to owners of the parent of ¥2.4 billion was recorded and deferred hedge losses decreased by ¥1.3 billion.」
Net assets increased by ¥600 million from the end of the previous consolidated fiscal year, and the equity ratio rose from 15.8% to 16.3%. The figures show continued progress in improving financial strength. - FY2017-Q1AdvancedAnnual report
「Net assets increased by ¥2.9 billion from the end of the previous consolidated fiscal year to ¥53.9 billion, mainly because, although ¥700 million in dividends was paid, quarterly net income attributable to owners of the parent of ¥1.8 billion was recorded and deferred hedge losses decreased by ¥2.3 billion.」
Net assets increased by ¥2.9 billion from the end of the previous consolidated fiscal year, and the equity ratio rose from 15.8% to 16.7%. The improvement in financial metrics is reflected in the figures, but there is no explicit assessment of the restructuring plan or the restoration of stakeholder confidence. - FY2016First statedAnnual report
「In the second year of the restructuring plan (the fiscal year ended March 2017), we will focus on the following areas, further strengthen our risk management and work to prevent project losses, improve our financial strength, and restore the confidence of our stakeholders as soon as possible, with the entire company working together.」
In the second year of the restructuring plan, the company identified preventing project losses, improving financial strength and restoring confidence as its priority issues.