Strengthening Earnings Management and Improving Asset Efficiency
First written in FY2017-Q1. 17 of 34 entries say "Mitigated", first in FY2021-Q3. Latest entry: 2026-10-30.
Ntn moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
The whole theme swung hardest in 2020: 15 of 71 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The equity ratio was 33.8%, up 6.6 percentage points from the end of the previous consolidated fiscal year. Interest-bearing debt decreased by ¥34,819 million, or 9.8%, from the end of the previous consolidated fiscal year to ¥319,173 million. The ratio of interest-bearing debt to total assets was 36.3%, down 5.0 percentage points from the end of the previous consolidated fiscal year.」
The company describes an improvement in its financial base, including a rise in the equity ratio to 33.8% and declines in interest-bearing debt and the ratio of interest-bearing debt to total assets. - FY2026-H1MitigatedAnnual report
「Equity ratio 28.5 27.9 27.2」
The equity ratio fell to 27.9% from 28.5% in the same period of the prior year, while remaining above the 27.2% recorded at the end of the previous consolidated fiscal year. Total liabilities were ¥606,378 million, down ¥1,348 million from the end of the previous consolidated fiscal year. - FY2025WorsenedAnnual report
「The equity ratio was 27.2%, down 1.8 percentage points from the end of the previous consolidated fiscal year, while the ratio of interest-bearing debt to total assets was 41.3%, up 1.5 percentage points from the end of the previous consolidated fiscal year.」
The equity ratio fell to 27.2%, while the ratio of interest-bearing debt to total assets rose to 41.3%. - FY2025-H1WorsenedAnnual report
「Equity ratio 26.8 28.5 29.0」
The equity ratio was 28.5% at the end of the interim consolidated accounting period, down from 29.0% at the end of the previous consolidated fiscal year. Short-term borrowings also increased from ¥125,714 million to ¥145,212 million. - FY2024-Q3MitigatedAnnual report
「Equity ratio 24.1 26.7 25.4」
The equity ratio rose from 24.1% in the same period of the prior year and 25.4% at the end of the previous consolidated fiscal year to 26.7% at the end of the third quarter. - FY2024-Q2MitigatedAnnual report
「Equity ratio (%) 24.5 26.8 25.4」
The equity ratio was 26.8%, up from 24.5% in the same period of the prior year and 25.4% at the end of the previous consolidated fiscal year. Meanwhile, long-term borrowings and convertible bond-type bonds with stock acquisition rights increased. - FY2024-Q1MitigatedAnnual report
「Equity ratio (%) 23.8 26.7 25.4」
The equity ratio was 26.7% at the end of the first quarter, exceeding both the 23.8% recorded in the same period of the previous year and the 25.4% recorded at the end of the previous consolidated fiscal year. Meanwhile, long-term borrowings increased from ¥129,349 million to ¥152,358 million. - FY2023MitigatedAnnual report
「The equity ratio was 25.4%, up 2.3 percentage points from the end of the previous consolidated fiscal year. … Interest-bearing debt decreased by ¥22,739 million, or 5.8%, from the end of the previous consolidated fiscal year to ¥371,292 million. … The interest-bearing debt dependency ratio was 42.7%, down 3.4 percentage points from the end of the previous consolidated fiscal year.」
The equity ratio rose to 25.4%, while interest-bearing debt and the interest-bearing debt dependency ratio declined. Free cash flow was also ¥20,361 million. - FY2023-Q3MitigatedAnnual report
「Net cash used in financing activities was ¥33,146 million, an increase of ¥2,350 million, or 7.6%, year on year. The main components were ¥15,540 million in proceeds from long-term borrowings, compared with ¥34,487 million in expenditures for repayment of long-term borrowings and a ¥12,622 million decrease in short-term borrowings.」
The company repaid ¥34,487 million of long-term borrowings and reduced short-term borrowings by ¥12,622 million. The equity ratio was 24.1%, above the 23.1% recorded at the end of the previous consolidated fiscal year but below the 24.5% at the end of the previous quarter. - FY2023-Q2MitigatedAnnual report
「Equity ratio (%) 20.8 24.5 23.1」
The equity ratio was 24.5% at the end of the second quarter, up from 23.1% at the end of the previous consolidated fiscal year. Long-term borrowings also declined from ¥179,802 million to ¥136,032 million, while short-term borrowings increased. - FY2023-Q1MitigatedAnnual report
「Equity ratio 20.8 23.8 23.1」
The equity ratio was 23.8% at the end of the first quarter, exceeding both the 20.8% recorded in the same period of the previous year and the 23.1% recorded at the end of the previous consolidated fiscal year. - FY2022MitigatedAnnual report
「The equity ratio was 23.1%, up 2.7 percentage points from the end of the previous consolidated fiscal year. … Interest-bearing debt decreased by ¥28,772 million, or 6.8%, from the end of the previous consolidated fiscal year to ¥394,031 million. … The interest-bearing debt dependency ratio was 46.1%, down 4.4 percentage points from the end of the previous consolidated fiscal year.」
The equity ratio rose to 23.1%, while interest-bearing debt and the interest-bearing debt dependency ratio declined. Free cash flow was ¥11,468 million, and the inventory turnover ratio was 2.99 times. - FY2022-Q3MitigatedAnnual report
「Equity ratio (%) 20.1 21.5 20.4 Net cash used in financing activities was ¥30,796 million, compared with net cash provided of ¥21,458 million in the same period of the previous year. The main component was ¥37,813 million in expenditures for repayment of long-term borrowings.」
The equity ratio was 21.5%, exceeding the 20.4% recorded at the end of the previous consolidated fiscal year. Long-term borrowings also declined from ¥220,967 million to ¥193,977 million due to ¥37,813 million in repayments. - FY2022-Q2MitigatedAnnual report
「Expenditures for repayment of long-term borrowings: ¥25,654 million」
The company repaid ¥25,654 million of long-term borrowings, and long-term borrowings on the consolidated balance sheet also declined from ¥220,967 million to ¥200,366 million. - FY2022-Q1MitigatedAnnual report
「Equity ratio (%) 19.7 20.8 20.4」
The equity ratio was 20.8% at the end of the first quarter, up from 20.4% at the end of the previous consolidated fiscal year. - FY2021WorsenedAnnual report
「The equity ratio was 20.4%, down 0.2 percentage points from the end of the previous consolidated fiscal year. … Interest-bearing debt increased by ¥60,387 million, or 16.7%, from the end of the previous consolidated fiscal year to ¥422,803 million. … The interest-bearing debt dependency ratio was 50.5%, up 2.7 percentage points from the end of the previous consolidated fiscal year.」
The equity ratio declined to 20.4%, while interest-bearing debt rose to ¥422,803 million and the interest-bearing debt dependency ratio increased to 50.5%. - FY2021-Q3MitigatedAnnual report
「Equity ratio (%) 26.3 20.1 20.6」
The equity ratio rose from 19.6% at the end of the previous quarter to 20.1%. However, it remained below the 20.6% recorded at the end of the previous consolidated fiscal year. - FY2021-Q2WorsenedAnnual report
「The equity ratio was 19.6%, down from 20.6% at the end of the previous consolidated fiscal year.」
The equity ratio declined from 20.6% at the end of the previous consolidated fiscal year to 19.6%, and the deterioration of the financial foundation continues. Long-term borrowings also increased from ¥215,140 million to ¥242,928 million. - FY2021-Q1WorsenedAnnual report
「Equity ratio (%) 26.9 19.7 20.6」
The equity ratio declined from 26.9% in the same period of the previous year to 19.7%, also falling below the 20.6% recorded at the end of the previous consolidated fiscal year. - FY2020-Q2WorsenedAnnual report
「Equity ratio (%) 30.5 26.3 27.4」
The equity ratio was 26.3% at the end of the second quarter, down from 27.4% at the end of March 2019. Net assets also declined from ¥246,404 million to ¥231,244 million. - FY2020-Q1WorsenedAnnual report
「Equity ratio (%) 30.2 26.9 27.4」
The equity ratio declined from 27.4% at the end of March 2019 to 26.9% at the end of June 2019. - FY2019WorsenedAnnual report
「The equity ratio was 27.4%, down 2.8 percentage points from the end of the previous consolidated fiscal year, while net assets per share based on the total number of shares issued at fiscal year-end were ¥433.32, a decrease of ¥43.85 from the end of the previous consolidated fiscal year. Interest-bearing debt increased by ¥29,511 million, or 9.2%, from the end of the previous consolidated fiscal year to ¥350,344 million.」
Regarding the financial foundation, the equity ratio declined to 27.4%, interest-bearing debt increased to ¥350,344 million, and the interest-bearing debt dependency ratio also rose to 41.7%. - FY2018AdvancedAnnual report
「The equity ratio was 30.2%, up 1.5 percentage points from the end of the previous consolidated fiscal year, while net assets per share based on the total number of shares issued at fiscal year-end were ¥477.17, an increase of ¥45.51 from the end of the previous consolidated fiscal year. Interest-bearing debt increased by ¥664 million, or 0.2%, from the end of the previous consolidated fiscal year to ¥320,833 million. After taking into account a ¥525 million increase attributable to foreign exchange movements, the underlying increase was ¥139 million. The interest-bearing debt dependency ratio was 38.2%, down 1.9 percentage points from the end of the previous consolidated fiscal year.」
The company reported an equity ratio of 30.2% and a decline in the interest-bearing debt dependency ratio to 38.2%, reflecting the condition of its financial foundation. - FY2018-Q3RestatedAnnual report
「“Strengthening earnings management and improving asset efficiency”」
The company has reiterated stronger earnings management and improved asset efficiency as measures to strengthen its financial foundation. - FY2018-Q2RestatedAnnual report
「“Strengthening earnings management and improving asset efficiency”」
The company has reiterated stronger earnings management and improved asset efficiency as measures to strengthen its financial foundation. - FY2018-Q1RestatedAnnual report
「“Strengthening earnings management and improving asset efficiency”」
The company has reiterated stronger earnings management and improved asset efficiency as measures to strengthen its financial foundation. - FY2017AdvancedAnnual report
「Interest-bearing debt decreased by ¥5,004 million, or 1.5%, from the previous consolidated fiscal year to ¥320,169 million. After taking into account a ¥3,241 million decrease attributable to foreign exchange movements, the underlying decrease was ¥1,763 million. The interest-bearing debt dependency ratio was 40.1%, down 0.8 percentage points from the end of the previous consolidated fiscal year.」
In relation to strengthening the financial foundation, the company reported a ¥5,004 million decrease in interest-bearing debt and a decline in the interest-bearing debt dependency ratio to 40.1%. - FY2017-Q3RestatedAnnual report
「“Strengthening earnings management and improving asset efficiency”」
The company has reiterated stronger earnings management and improved asset efficiency as measures to strengthen its financial foundation. - FY2017-Q2RestatedAnnual report
「“Strengthening earnings management and improving asset efficiency”」
The company continues to pursue stronger earnings management and improved asset efficiency as measures to strengthen its financial foundation. - FY2017-Q1First statedAnnual report
「“Strengthening earnings management and improving asset efficiency”」
The company identifies earnings management and asset efficiency as key initiatives for strengthening the financial foundation under the “management through building” approach.