Financial targets: equity ratio above 25%, equity of ¥60–75 billion, and ROE above 10%
First written in FY2021. 8 of 20 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-08-07.
Toyo Engineering moved to the "Worse" side of this theme in 2025, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- 2026-08-07AdvancedEarnings presentation
「Net assets 437 497 +60 ROE - 12.9% -」
The FY2027 forecast calls for net assets of ¥49.7 billion and ROE of 12.9%. Although ROE is expected to exceed the target level of at least 12%, net assets remain below the target of around ¥75.0 billion. - FY2026RaisedAnnual report
「Through these initiatives, we aim to build equity to approximately ¥75 billion by FY2030. For ROE, we aim to maintain 12%, above the cost of capital, and will work to achieve sustained growth in corporate value.」
The target of approximately ¥75 billion in equity has been given a deadline of FY2030, and the ROE target has been raised from the previous target of above 10% to maintaining 12%, above the cost of capital. - FY2026-H1Equity ratio up while equity declinedAnnual report
「Net assets decreased by ¥6.1 billion from the end of the previous consolidated fiscal year to ¥54.0 billion, mainly due to the recording of an interim net loss attributable to owners of the parent, dividend payments, and a decrease in the foreign currency translation adjustment account. Equity ratio (%) 22.6 21.2 20.9」
The equity ratio rose from 20.9% at the end of the previous consolidated fiscal year to 21.2%, while net assets, which correspond to equity, declined from ¥60.2 billion to ¥54.0 billion. The financial targets of an equity ratio above 25%, equity of approximately ¥75 billion, and ROE above 10% remain unmet. - FY2025WorsenedAnnual report
「As a result, the equity ratio changed from 22.4% in the previous consolidated fiscal year to 20.9%.」
The equity ratio fell from 22.4% to 20.9%, widening the gap to the target of above 25%. Equity also declined from ¥64.1 billion to ¥60.2 billion, remaining below the target of approximately ¥75 billion. ROE fell from 17.4% to 3.3%. - FY2025-H1Equity ratio up while equity declinedAnnual 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.」
The equity ratio rose from 22.4% to 22.6%, bringing it closer to the target of above 25%, while equity fell from ¥64.1 billion to ¥62.8 billion, remaining below the target of approximately ¥75 billion. - FY2024AdvancedAnnual report
「We will continue to focus on executing the Medium-Term Management Plan's core strategies of "Strengthening EPC Capabilities" and "Developing New Technologies and Businesses," further improve earnings power, and aim for an equity ratio above 25% and equity of approximately ¥75 billion as our immediate targets. We also aim to maintain ROE above 10% from FY2025 onward, taking the level of the cost of capital into account, and will work to achieve sustained growth in corporate value.」
The equity ratio was 22.4%, net assets were ¥64.1 billion, and ROE was 17.4%. Although the targets of an equity ratio above 25% and equity of approximately ¥75 billion have not been achieved, ROE exceeded the target of above 10% from FY2025 onward. - FY2024-Q3Slight declines in the equity ratio and net assetsAnnual 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.」
Although net assets increased from the end of the previous consolidated fiscal year, the equity ratio declined slightly from 19.5% in the second quarter to 19.4%, and net assets fell slightly from ¥55.1 billion to ¥54.8 billion. The financial targets of an equity ratio above 25%, equity of ¥60–75 billion, and ROE above 10% have not yet been achieved. - FY2024-Q2AdvancedAnnual report
「Equity ratio (%) 19.7 19.5 19.1」
The equity ratio was 19.5% for the 6-month period of the current second quarter, up from 19.1% at the end of the previous consolidated fiscal year. It remains below the target of an equity ratio above 25%, although the figures show progress toward the target from the fiscal year-end. - FY2024-Q1Down year on year, but improved from the fiscal year-endAnnual report
「Equity ratio (%) 20.4 19.2 19.1」
The equity ratio fell from 20.4% in the same quarter of the previous year to 19.2%, but rose from 19.1% at the end of the previous consolidated fiscal year. It remains below the target of an equity ratio above 25%. - FY2023AdvancedAnnual report
「As a result, the equity ratio was 19.1%, a slight improvement from 18.4% in the previous consolidated fiscal year.」
The equity ratio rose to 19.1% but remained below the target of above 25%. Equity was ¥49.1 billion, still below the target range of ¥60–75 billion, while ROE was 3.5%, below the target of above 10% from FY2025 onward. - FY2023-Q3AdvancedAnnual report
「Equity ratio (%) 18.1 19.9 18.4」
The equity ratio rose from 18.1% in the same quarter of the previous year to 19.9%, also exceeding the 18.4% at the end of the previous consolidated fiscal year. Although the target of above 25% set in FY2021 has not been achieved, the figures indicate progress toward the target. - FY2023-Q2AdvancedAnnual report
「Equity ratio (%) 19.0 19.7 18.4」
The equity ratio rose from 19.0% in the same period of the previous year to 19.7%, also exceeding the 18.4% at the end of the previous consolidated fiscal year. Although the target of above 25% set in FY2021 has not been achieved, the figures indicate progress toward the target. - FY2023-Q1AdvancedAnnual report
「Equity ratio (%) 18.6 20.4 18.4」
The equity ratio rose from 18.6% in the same quarter of the previous year to 20.4%, also exceeding the 18.4% at the end of the previous consolidated fiscal year. Although the target of above 25% set in FY2021 has not been achieved, the figures indicate progress toward the target. - FY2022-Q3Slight decline in the equity ratioAnnual report
「Equity ratio (%) 16.6 18.1 18.3」
The equity ratio was 18.1% for the 9-month period of the current third quarter, compared with 18.3% at the end of the previous consolidated fiscal year and 16.6% for the 9-month period of the previous third quarter. It remains below the target of above 25% set in FY2021. - FY2022-Q2AdvancedAnnual report
「Equity ratio (%) 16.7 19.0 18.3」
The equity ratio rose from 16.7% in the same period of the previous year to 19.0%. Although the target of above 25% set in FY2021 has not been achieved, the figures indicate progress toward the target. - FY2021First statedAnnual report
「From this perspective, our immediate targets are to raise the equity ratio above 25% and build equity to a range of ¥60–75 billion, approximately the level at the end of FY2013. In addition, recognizing capital efficiency as an important issue from the perspective of sustainably increasing corporate value, we aim to maintain ROE above 10% from FY2025 onward.」
The Company disclosed, for the first time, specific financial targets of an equity ratio above 25%, equity of ¥60–75 billion, and stable ROE above 10% from FY2025 onward.