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Torex Semiconductor (6616) · FactRecovery in the equity ratio and increase in cash

High equity ratio and ample cash and cash equivalents

First written in FY2016. 1 of 35 entries say "Worsened", first in FY2020. Latest entry: FY2026.

35entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2016 – FY2020-Q3OtherFY2021-Q1 – FY20262016: 320162017: 320172018: 420182019: 320192020: 420202021: 420212022: 420222023: 320232024: 320242025: 220252026: 22026
Same theme, other companies
Financial Soundness Through a High Equity Ratio and Cash Liquidity on HandA theme 16 companies write about · 0 as a headwind · 15 as a tailwind

The whole theme swung hardest in 2021: 2 of 14 companies on the "Worse" side.

3 other companies' latest entry also says "Other".

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.
Showing 14 of the 16 companies compared. The sentences above are computed from all 16.
Full recordFilings, disclosures and news, newest first
  1. FY2026Recovery in the equity ratio and increase in cashAnnual report

    「As a result, the equity ratio was 52.4%, and net assets per share were ¥1,771.28.」

    The equity ratio rose from 51.8% in the previous fiscal year to 52.4%, and cash and cash equivalents also increased from ¥9,231 million at the end of the previous fiscal year to ¥9,380 million.
  2. 2026-05-14OtherEarnings

    「As a result, the equity ratio was 52.4%, compared with 51.8% at the end of the previous consolidated fiscal year.」

    The equity ratio increased from the end of the previous fiscal year.
  3. FY2026-H1Decline in the equity ratio and increase in cashAnnual report

    「As a result, the equity ratio was 49.9% (51.8% at the end of the previous consolidated fiscal year).」

    The equity ratio declined from 51.8% at the end of the previous fiscal year to 49.9%. Cash and cash equivalents, meanwhile, increased from ¥9,231 million at the end of the previous fiscal year to ¥10,720 million.
  4. FY2025Decline in the equity ratio and modest increase in cashAnnual report

    「As a result, the equity ratio was 51.8%, and net assets per share were ¥1,616.67. Cash and cash equivalents at the end of the current consolidated fiscal year were ¥9,231 million.」

    The equity ratio declined from 56.1% in the previous fiscal year to 51.8%, while cash and cash equivalents increased from ¥9,140 million to ¥9,231 million.
  5. FY2025-H1Lower Equity Ratio and Higher Cash BalanceAnnual report

    「This was due in part to a ¥1,536 million increase in cash and deposits resulting from financing. As a result, the equity ratio was 53.6% (56.1% at the end of the previous consolidated fiscal year).」

    Cash and deposits increased by ¥1,536 million through financing and other measures, while the equity ratio declined from 56.1% at the end of the previous consolidated fiscal year to 53.6%.
  6. FY2024Lower Equity Ratio and Higher Cash BalanceAnnual report

    「As a result, the equity ratio was 56.1%, and net assets per share were ¥1,868.50.」

    The equity ratio declined from 66.4% at the end of the previous fiscal year to 56.1%, while cash and cash equivalents increased to ¥9,140 million from the end of the previous fiscal year.
  7. FY2024-Q3Decline in the equity ratio and increase in cashAnnual report

    「As a result, the equity ratio was 57.5% (66.4% at the end of the previous consolidated fiscal year).」

    The equity ratio declined from 66.4% at the end of the previous fiscal year to 57.5%. Cash and deposits, meanwhile, increased by ¥3,952 million due to additional borrowings and other factors.
  8. FY2024-Q2Lower Equity Ratio and Higher Cash BalanceAnnual report

    「This was due in part to a ¥362 million increase in cash and deposits resulting from financing. As a result, the equity ratio was 63.4% (66.4% at the end of the previous consolidated fiscal year).」

    Cash and deposits increased by ¥362 million through financing and other measures, while the equity ratio declined from 66.4% at the end of the previous fiscal year to 63.4%.
  9. FY2024-Q1Lower Equity Ratio and Higher Cash BalanceAnnual report

    「As a result, the equity ratio was 63.7% (66.4% at the end of the previous consolidated fiscal year).」

    The equity ratio declined from 66.4% at the end of the previous fiscal year to 63.7%. Cash and deposits, meanwhile, increased from ¥8,572 million to ¥9,327 million.
  10. FY2023-Q3Increase in the equity ratio and decline in cashAnnual report

    「Cash and deposits decreased by ¥610 million, and notes and accounts receivable decreased by ¥391 million, but inventories increased by ¥1,978 million in preparation for future semiconductor demand, among other factors. As a result, the equity ratio was 66.5% (65.4% at the end of the previous consolidated fiscal year).」

    Total assets increased as inventories rose in preparation for future semiconductor demand, while cash and deposits decreased. The equity ratio rose from 65.4% to 66.5%.
  11. FY2023-Q2Increase in cash and equity ratioAnnual report

    「Cash and deposits increased by ¥1,467 million, due in part to higher sales and additional financing,」

    Cash and deposits increased by ¥1,467 million from the end of the previous fiscal year, and the equity ratio also rose from 65.4% to 66.2%.
  12. FY2023-Q1Increase in cash and equity ratioAnnual report

    「As a result, the equity ratio was 66.0% (65.4% at the end of the previous consolidated fiscal year).」

    The equity ratio rose from 65.4% at the end of the previous fiscal year to 66.0%. Cash and deposits also increased from ¥10,219,751 thousand at the end of the previous fiscal year to ¥10,303,950 thousand.
  13. FY2022Continued decline in cash and increase in the equity ratioAnnual report

    「As a result, the equity ratio was 65.4%, and net assets per share were ¥2,077.66.」

    The equity ratio rose from 62.8% in the previous fiscal year to 65.4%, while cash and cash equivalents at year-end decreased from ¥11,681 million to ¥10,163 million.
  14. FY2022-Q3Decrease in cash; increase in equity ratioAnnual report

    「As a result, the equity ratio was 65.5% (62.8% at the end of the previous consolidated fiscal year).」

    Cash and deposits decreased by ¥1,723 million from the end of the previous fiscal year, while the equity ratio rose from 62.8% to 65.5%.
  15. FY2022-Q2Decrease in cash; increase in equity ratioAnnual report

    「This was due to a ¥1,450 million decline in cash and deposits, while notes and accounts receivable increased by ¥591 million and inventories by ¥1,174 million. …As a result, the equity ratio was 65.3%, compared with 62.8% at the end of the previous consolidated fiscal year.」

    Cash and deposits decreased by ¥1,450 million from the end of the previous fiscal year, while the equity ratio rose from 62.8% to 65.3%.
  16. FY2022-Q1Decrease in cash; increase in equity ratioAnnual report

    「This was due to a ¥1,889 million decline in cash and deposits. …As a result, the equity ratio was 64.5%, compared with 62.8% at the end of the previous consolidated fiscal year.」

    Cash and deposits at the end of the first quarter declined by ¥1,889 million from the previous fiscal year-end, while the equity ratio increased from 62.8% to 64.5%.
  17. FY2021Increase in cash and decline in the equity ratioAnnual report

    「As a result, the equity ratio was 62.8%, and net assets per share were ¥1,808.96. …The balance at the end of the current consolidated fiscal year was ¥11,681 million.」

    Cash and cash equivalents increased from ¥9,172 million at the end of the previous fiscal year to ¥11,681 million, while the equity ratio declined from 67.1% to 62.8%.
  18. FY2021-Q3Modest increase in the equity ratio and increase in cashAnnual report

    「This was mainly due to increases of ¥1,886 million in cash and deposits and ¥408 million in inventories.」

    Cash and deposits increased by ¥1,886 million from the end of the previous consolidated fiscal year. The equity ratio was 61.8%, below the 67.1% recorded at the end of the previous consolidated fiscal year, but slightly higher than at the end of the previous quarter.
  19. FY2021-Q2Further decline in the equity ratio and increase in cashAnnual report

    「As a result, the equity ratio was 61.7%, compared with 67.1% at the end of the previous consolidated fiscal year.」

    The equity ratio declined from 67.1% at the end of the previous consolidated fiscal year to 61.7%. Meanwhile, cash and cash equivalents were ¥11,206 million, up from the previous fiscal year-end.
  20. FY2021-Q1Decline in the Equity RatioAnnual report

    「As a result, the equity ratio was 60.4%, compared with 67.1% at the end of the previous consolidated fiscal year.」

    The equity ratio declined from 67.1% at the end of the previous consolidated fiscal year to 60.4%. Meanwhile, cash and deposits increased by ¥2,507 million to ¥11,789 million.
  21. FY2020WorsenedAnnual report

    「This was due to a ¥1,700 million decline in cash and deposits.」

    Cash and cash equivalents at the fiscal year-end were ¥9,172 million, down ¥1,700 million from the previous fiscal year-end. The equity ratio also declined from 69.0% to 67.1%.
  22. FY2020-Q3Decline in cash and flat equity ratioAnnual report

    「This was mainly due to a ¥1,987 million decline in cash and deposits, primarily from the acquisition of treasury shares and other factors.」

    Cash and deposits declined by ¥1,987 million from the end of the previous consolidated fiscal year, primarily due to the acquisition of treasury shares and other factors. Meanwhile, the equity ratio was 69.0%, unchanged from the end of the previous consolidated fiscal year.
  23. FY2020-Q2Further recovery in the equity ratio and decline in cashAnnual report

    「As a result, the equity ratio was 71.4%, compared with 69.0% at the end of the previous consolidated fiscal year.」

    The equity ratio increased from 69.0% at the end of the previous consolidated fiscal year to 71.4%. Meanwhile, cash and cash equivalents at the quarter-end were ¥9,009 million, down from the previous fiscal year-end.
  24. FY2020-Q1Further recovery in the equity ratioAnnual report

    「As a result, the equity ratio was 70.4%, compared with 69.0% at the end of the previous consolidated fiscal year.」

    The equity ratio increased from 69.0% at the end of the previous consolidated fiscal year to 70.4%. Meanwhile, cash and deposits declined by ¥1,626 million.
  25. FY2019-Q3Further recovery in the equity ratioAnnual report

    「As a result, the equity ratio was 56.9%, compared with 51.8% at the end of the previous consolidated fiscal year.」

    The equity ratio increased from 51.8% at the end of the previous consolidated fiscal year to 56.9%, indicating further recovery.
  26. FY2019-Q2Further recovery in the equity ratioAnnual report

    「As a result, the equity ratio was 53.4%, compared with 51.8% at the end of the previous consolidated fiscal year.」

    The equity ratio increased from 51.8% at the end of the previous consolidated fiscal year to 53.4%, while cash and cash equivalents also reached ¥12,339 million.
  27. FY2019-Q1Further recovery in the equity ratioAnnual report

    「As a result, the equity ratio was 54.0%, compared with 51.8% at the end of the previous consolidated fiscal year.」

    The equity ratio increased from 51.8% at the end of the previous consolidated fiscal year to 54.0%. Cash and deposits also reached ¥12,955 million, an increase of ¥2,120 million from the previous fiscal year-end.
  28. FY2018Annual recovery in the equity ratioAnnual report

    「As a result, the equity ratio was 51.8%, and net assets per share were ¥1,338.74.」

    The equity ratio recovered from 45.3% in the previous fiscal year to 51.8%, while cash and cash equivalents at the fiscal year-end reached ¥12,280 million.
  29. FY2018-Q3Further recovery in the equity ratioAnnual report

    「As a result, the equity ratio was 47.3%, compared with 45.3% at the end of the previous consolidated fiscal year.」

    The equity ratio increased from 45.3% at the end of the previous consolidated fiscal year to 47.3%. Cash and deposits also increased by ¥1,968 million to ¥9,737 million at the fiscal year-end.
  30. FY2018-Q2Further recovery in the equity ratioAnnual report

    「As a result, the equity ratio was 46.6%, compared with 45.3% at the end of the previous consolidated fiscal year.」

    The equity ratio increased from 45.3% at the end of the previous consolidated fiscal year to 46.6%.
  31. FY2018-Q1Recovery in the equity ratioAnnual report

    「As a result, the equity ratio was 46.2%, compared with 45.3% at the end of the previous consolidated fiscal year.」

    The equity ratio increased from 45.3% at the end of the previous consolidated fiscal year to 46.2%.
  32. FY2017-Q3Renewed decline in the equity ratioAnnual report

    「As a result, the equity ratio was 42.7%, compared with 83.9% at the end of the previous consolidated fiscal year.」

    The equity ratio declined from 45.3% at the end of the second quarter to 42.7%, well below the 83.9% recorded at the end of the previous consolidated fiscal year.
  33. FY2017-Q2Modest recovery in the equity ratioAnnual report

    「As a result, the equity ratio was 45.3%, compared with 83.9% at the end of the previous consolidated fiscal year.」

    The equity ratio edged up from 44.7% at the end of the previous quarter to 45.3%, but remained below the 83.9% recorded at the end of the previous consolidated fiscal year.
  34. FY2017-Q1Decline in the Equity RatioAnnual report

    「As a result, the equity ratio was 44.7%, compared with 83.9% at the end of the previous consolidated fiscal year.」

    The equity ratio declined from 83.9% to 44.7% as the consolidation of PTS increased assets, liabilities and borrowings.
  35. FY2016First statedAnnual report

    「The equity ratio was 83.9%, and net assets per share were ¥1,022.30.」

    Cash and cash equivalents at the fiscal year-end were ¥6,855 million, and the equity ratio was 83.9%.
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High equity ratio and ample cash and cash equivalents | TOREX SEMICONDUCTOR LTD. (6616) | Komori