Increase in net assets and improvement in the equity ratio
First written in FY2022-Q2. 6 of 15 entries say "Worsened", first in FY2023-Q1. Latest entry: FY2026.
Sanoh Industrial moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 4 of 17 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Net assets were ¥51,968 million, an increase of ¥3,881 million from the end of the previous consolidated fiscal year.」
Although net assets increased, the equity ratio declined from 37.79% to 33.82% due to increases in total assets and interest-bearing debt. - 2026-05-14WorsenedFinancial results
「The equity ratio was 33.8%, down 3.9 percentage points from the end of the previous consolidated fiscal year.」
Although net assets increased, the equity ratio fell from 37.8% to 33.8% because liabilities increased. - FY2026-H1Increase in net assets, decline in equity ratioAnnual report
「Net assets were ¥49,592 million, an increase of ¥1,505 million from the end of the previous consolidated fiscal year.」
Although net assets increased ¥1,505 million from the previous fiscal year-end, the equity ratio declined from 37.8% at the previous fiscal year-end to 37.3%. - FY2025WorsenedAnnual report
「Net assets were ¥48,087 million, a decrease of ¥201 million from the end of the previous consolidated fiscal year.」
Net assets decreased from ¥48,288 million at the previous fiscal year-end to ¥48,087 million, and the equity ratio also declined from 40.17% to 37.79%. - FY2025-H1AdvancedAnnual report
「Net assets were ¥50,600 million, an increase of ¥2,311 million from the end of the previous consolidated fiscal year. The main factors were an increase of ¥2,739 million in the foreign currency translation adjustment account, a decrease of ¥820 million in valuation difference on available-for-sale securities and an increase of ¥644 million in retained earnings, among others.」
Net assets increased from ¥48,288 million at the previous fiscal year-end to ¥50,600 million, and the equity ratio also improved from 40.2% to 41.7%. - FY2024AdvancedAnnual report
「Net assets were ¥48,288 million, an increase of ¥8,377 million from the end of the previous consolidated fiscal year.」
Net assets increased ¥8,377 million from the previous fiscal year-end, and the equity ratio also improved from 37.55% to 40.17%. - FY2024-Q3AdvancedAnnual report
「Net assets were ¥46,035 million, an increase of ¥6,124 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥3,856 million in the foreign currency translation adjustment account, ¥1,900 million in retained earnings and ¥709 million in valuation difference on available-for-sale securities, among others.」
Net assets increased ¥6,124 million from the previous fiscal year-end, and the equity ratio also improved from 37.5% at the previous fiscal year-end to 39.9%. - FY2024-Q2Improvement in Net Assets and Equity RatioAnnual report
「Net assets were ¥44,680 million, an increase of ¥4,769 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥3,396 million in the foreign currency translation adjustment account, ¥1,044 million in valuation difference on available-for-sale securities and ¥878 million in retained earnings, among others.」
Net assets increased ¥4,769 million from the previous fiscal year-end, and the equity ratio also improved from 37.5% to 39.7%. - FY2024-Q1Increase in net assets, decline in equity ratioAnnual report
「Net assets were ¥40,675 million, an increase of ¥764 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥1,145 million in the foreign currency translation adjustment account and ¥478 million in valuation difference on available-for-sale securities, and a decrease of ¥594 million in retained earnings, among others.」
Although net assets increased ¥764 million from the previous fiscal year-end, the equity ratio edged down from 37.5% to 37.3%. - FY2023-Q3WorsenedAnnual report
「Net assets were ¥39,642 million, a decrease of ¥2,041 million from the end of the previous consolidated fiscal year. The main factors were an increase of ¥3,723 million in the foreign currency translation adjustment account, decreases of ¥3,037 million in retained earnings and ¥2,765 million in valuation difference on available-for-sale securities, among others.」
Net assets decreased ¥2,041 million from the previous fiscal year-end, and the equity ratio declined from 40.1% at the previous fiscal year-end to 34.5%. - FY2023-Q2WorsenedAnnual report
「Net assets were ¥41,631 million, a decrease of ¥52 million from the end of the previous consolidated fiscal year.」
Net assets decreased ¥52 million from the previous fiscal year-end, and the equity ratio also declined from 40.1% at the previous fiscal year-end to 37.3%. - FY2023-Q1WorsenedAnnual report
「Net assets were ¥40,893 million, a decrease of ¥789 million from the end of the previous consolidated fiscal year.」
Net assets decreased ¥789 million from the previous fiscal year-end, and the equity ratio also declined from 40.1% to 38.0%. - FY2022AdvancedAnnual report
「Net assets were ¥41,682 million, an increase of ¥6,204 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥3,490 million in valuation difference on available-for-sale securities and ¥2,067 million in the foreign currency translation adjustment account, and an increase of ¥117 million in retained earnings, among others.」
Net assets increased ¥6,204 million from the previous fiscal year-end to ¥41,682 million, while the equity ratio improved from 37.67% to 40.07%. - FY2022-Q3AdvancedAnnual report
「Net assets were ¥41,720 million, an increase of ¥6,242 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥1,394 million in the foreign currency translation adjustment account, ¥1,422 million in retained earnings and ¥3,344 million in valuation difference on available-for-sale securities, among others.」
Net assets increased further from the end of the second quarter to ¥41,720 million, up ¥6,242 million from the fiscal year-end. The equity ratio was 41.2%, exceeding 37.7% at the fiscal year-end. - FY2022-Q2First statedAnnual report
「Net assets were ¥39,899 million, an increase of ¥4,420 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥1,504 million in the foreign currency translation adjustment account and ¥2,789 million in retained earnings, among others.」
At the end of the second quarter, net assets were ¥39,899 million and the equity ratio was 42.1%, improving from 37.7% at the end of the previous consolidated fiscal year.