Improvement and strengthening of financial condition, higher equity ratio, and reduction of interest-bearing debt
First written in FY2019. 11 of 26 entries say "Worsened", first in FY2021-Q2. Latest entry: 2026-11-13.
Tensho Electric Industries moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
33 other companies' latest entry also says "Other".
- FY2026AdvancedAnnual report
「Interest-bearing debt (¥ millions) 5,274 7,845 8,121 4,488 3,774 / Equity ratio (%) 33.1 28.8 33.1 48.0 52.4」
Interest-bearing debt fell from ¥4,488 million to ¥3,774 million, while the equity ratio rose from 48.0% to 52.4%. The indicators show progress toward improving the financial condition, increasing the equity ratio, and reducing interest-bearing debt. - 2026-05-14AdvancedResults
「自己資本比率（％） 33.1 28.8 33.1 48.0 52.4」
自己資本比率は前年度の48.0％から52.4％へ上昇し、長期借入金も減少したため、財務体質健全化の指標上の前進が示されている。 - FY2026-H1WorsenedAnnual report
「Total net assets amounted to ¥10.094 billion, due to the recognition of interim net loss attributable to owners of the parent, changes in the foreign currency translation adjustment account and other factors, a decrease of ¥530 million from the end of the previous consolidated fiscal year.」
While pursuing objectives of improving the financial condition, increasing the equity ratio, and reducing interest-bearing debt, the equity ratio fell from 48.0% to 46.4%, and long-term borrowings increased by ¥240 million from the end of the previous fiscal year. - FY2025AdvancedAnnual report
「Our group is working toward the primary objective of improving and strengthening its financial condition. … The following shows the trends in interest-bearing debt and the equity ratio. / Fiscal year 95 4,293 39.0 / Fiscal year 96 5,274 33.1 / Fiscal year 97 7,845 28.8 / Fiscal year 98 8,121 33.1 / Fiscal year 99 4,488 48.0」
Interest-bearing debt fell from ¥8,121 million to ¥4,488 million, while the equity ratio rose from 33.1% to 48.0%. The indicators show progress toward improving the financial condition, increasing the equity ratio, and reducing interest-bearing debt. - FY2025-H1Lower equity ratio and higher long-term borrowingsAnnual report
「Fixed liabilities were ¥8,459 million, an increase of ¥1,594 million from the end of the previous consolidated fiscal year, mainly due to long-term borrowings of ¥7,386 million, up ¥1,701 million. / Equity ratio (%) 30.0 31.4 33.1」
The equity ratio fell from 33.1% at the end of the previous fiscal year to 31.4%, while long-term borrowings increased by ¥1,701 million. The indicators are moving in different directions relative to the objectives of improving the financial condition, increasing the equity ratio, and reducing interest-bearing debt. - FY2024Higher equity ratio and increased interest-bearing debtAnnual report
「Our group is working toward the primary objective of improving and strengthening its financial condition. By maintaining stable performance, we will work to improve our financial condition through a higher equity ratio, efficient capital investment funded by operating cash flow, and reductions in interest-bearing debt. / Interest-bearing debt (¥ millions) 3,327 4,293 5,274 7,845 8,121 / Equity ratio (%) 38.8 39.0 33.1 28.8 33.1」
The equity ratio rose from 28.8% in the previous fiscal year to 33.1%, while interest-bearing debt increased from ¥7,845 million to ¥8,121 million. The indicators of financial improvement are moving in different directions. - FY2024-Q3Higher equity ratio and higher long-term borrowingsAnnual report
「Fixed liabilities were ¥7,574 million, an increase of ¥643 million from the end of the previous consolidated fiscal year, mainly due to long-term borrowings of ¥6,422 million, up ¥381 million. / Equity ratio (%) 30.9 31.9 28.8」
The equity ratio rose from 28.8% at the end of the previous fiscal year to 31.9%, while long-term borrowings increased by ¥381 million. The indicators of financial condition improvement are moving in different directions. - FY2024-Q2Higher equity ratio and higher long-term borrowingsAnnual report
「Fixed liabilities were ¥7,807 million, an increase of ¥875 million from the end of the previous consolidated fiscal year, mainly due to long-term borrowings of ¥6,680 million, up ¥639 million. / Equity ratio (%) 33.1 30.0 28.8」
The equity ratio rose from 28.8% at the end of the previous fiscal year to 30.0%, while long-term borrowings increased by ¥639 million. The indicators of financial condition improvement are moving in different directions. - FY2024-Q1Slightly higher equity ratio and higher long-term borrowingsAnnual report
「Fixed liabilities were ¥7,768 million, an increase of ¥836 million from the end of the previous consolidated fiscal year, mainly due to long-term borrowings of ¥6,760 million, up ¥719 million. / Equity ratio (%) 32.6 29.0 28.8」
The equity ratio rose slightly from 28.8% at the end of the previous fiscal year to 29.0%, while long-term borrowings increased by ¥719 million. The indicators of financial condition improvement are moving in different directions. - FY2023WorsenedAnnual report
「In the current fiscal year, interest-bearing debt increased due to borrowings by 三甲アメリカコーポレーション to fund construction of a plant in Mexico, among other factors, while the equity ratio declined. Going forward, we will work to improve our financial condition by maintaining stable performance, increasing the equity ratio, making efficient capital investments funded by operating cash flow, and reducing interest-bearing debt.」
While setting objectives of improving the financial condition, increasing the equity ratio, and reducing interest-bearing debt, the company saw interest-bearing debt increase to ¥7,845 million due to construction of a plant in Mexico and other factors, while the equity ratio fell to 28.8%. - FY2023-Q3WorsenedAnnual report
「Fixed liabilities were ¥6,453 million, an increase of ¥2,228 million from the end of the previous consolidated fiscal year, mainly due to long-term borrowings of ¥5,549 million, up ¥2,326 million. / Equity ratio (%) 30.9」
Against the objectives of improving the financial condition, increasing the equity ratio, and reducing interest-bearing debt, long-term borrowings increased and the equity ratio fell from 33.1% at the end of the previous fiscal year to 30.9%. - FY2023-Q2WorsenedAnnual report
「Fixed liabilities totaled ¥4.509 billion, mainly comprising long-term borrowings of ¥3.577 billion, up ¥355 million from the end of the previous consolidated fiscal year.」
Against the objectives of improving the financial condition, increasing the equity ratio, and reducing interest-bearing debt, long-term borrowings increased. The equity ratio was 33.1%, unchanged from the end of the previous consolidated fiscal year. - FY2023-Q1WorsenedAnnual report
「Fixed liabilities were ¥4,646 million, an increase of ¥421 million from the end of the previous consolidated fiscal year, mainly due to long-term borrowings of ¥3,673 million, up ¥450 million. / The equity ratio was 32.6%.」
Against the objectives of improving the financial condition, increasing the equity ratio, and reducing interest-bearing debt, long-term borrowings increased and the equity ratio fell from 33.1% at the end of the previous fiscal year to 32.6%. - FY2022WorsenedAnnual report
「In the current fiscal year, interest-bearing debt increased and the equity ratio declined due to the conversion of 竜舞プラスチック株式会社 into a consolidated subsidiary and the capital increase in 三甲アメリカコーポレーション, among other factors.」
Interest-bearing debt increased to ¥5,274 million due to acquisitions and capital increases in overseas subsidiaries, while the equity ratio fell to 33.1%. The indicators deteriorated relative to the objectives of improving the financial condition and increasing the equity ratio. - FY2022-Q3WorsenedAnnual report
「Total net assets were ¥7,974 million, an increase of ¥823 million from the end of the previous consolidated fiscal year, mainly due to the recognition of quarterly net income attributable to owners of the parent, changes in the foreign currency translation adjustment account, and the recognition of non-controlling interests. / Equity ratio (%) 37.9 33.3 39.0 / Fixed liabilities were ¥4,164 million, an increase of ¥1,086 million from the end of the previous consolidated fiscal year, mainly due to long-term borrowings of ¥3,177 million, up ¥841 million.」
Although net assets increased, the equity ratio fell from 39.0% at the end of the previous consolidated fiscal year to 33.3%, while long-term borrowings increased by ¥841 million. The indicators deteriorated relative to the stated objective of increasing the equity ratio and reducing interest-bearing debt. - FY2022-Q1WorsenedAnnual report
「Fixed liabilities were ¥4,350 million, mainly due to long-term borrowings of ¥3,712 million, an increase of ¥1,376 million from the end of the previous consolidated fiscal year.」
Against the objectives of improving the financial condition, increasing the equity ratio, and reducing interest-bearing debt, the equity ratio fell from 39.0% to 36.1%, while long-term borrowings increased by ¥1,376 million. - FY2021Slightly higher equity ratio and higher interest-bearing debtAnnual report
「By maintaining stable performance, we will work to improve our financial condition through a higher equity ratio, efficient capital investment funded by operating cash flow, and reductions in interest-bearing debt.」
The equity ratio rose slightly from 38.8% to 39.0%, while interest-bearing debt increased from ¥3,327 million to ¥4,293 million. The indicators are moving in different directions relative to the objective of improving the financial condition. - FY2021-Q3WorsenedAnnual report
「Total net assets amounted to ¥7.092 billion, due to the recognition of quarterly net income attributable to owners of the parent, changes in the foreign currency translation adjustment account and other factors, an increase of ¥14 million from the end of the previous consolidated fiscal year.」
Against the objective of improving the financial condition and increasing the equity ratio, the equity ratio fell from 38.8% to 37.9%. Long-term borrowings, meanwhile, increased by ¥775 million from the end of the previous fiscal year. - FY2021-Q2WorsenedAnnual report
「Total net assets were ¥7,000 million, a decrease of ¥77 million from the end of the previous consolidated fiscal year, mainly due to the recognition of a quarterly net loss attributable to owners of the parent, changes in the foreign currency translation adjustment account, and the recognition of non-controlling interests. Fixed liabilities were ¥3,822 million, an increase of ¥1,276 million from the end of the previous consolidated fiscal year, mainly due to long-term borrowings of ¥2,921 million, up ¥1,062 million.」
Against the objective of improving the financial condition and increasing the equity ratio, the equity ratio fell from 38.8% to 38.6%, while long-term borrowings increased by ¥1,062 million. - FY2021-Q1Lower equity ratio and higher long-term borrowingsAnnual report
「Total net assets were ¥7,013 million, a decrease of ¥64 million from the end of the previous consolidated fiscal year, mainly due to the recognition of a quarterly net loss attributable to owners of the parent, changes in the foreign currency translation adjustment account, and the recognition of non-controlling interests. Fixed liabilities were ¥3,878 million, an increase of ¥1,332 million from the end of the previous consolidated fiscal year, mainly due to long-term borrowings of ¥3,213 million, up ¥1,354 million.」
Against the objective of improving the financial condition and increasing the equity ratio, the equity ratio fell from 38.8% at the end of the previous fiscal year to 37.5%, while long-term borrowings increased by ¥1,354 million. - FY2020AdvancedAnnual report
「The following shows the trends in interest-bearing debt and the equity ratio. Fiscal year 90 6,221 Fiscal year 91 4,686 Fiscal year 92 3,930 Fiscal year 93 3,527 Fiscal year 94 3,327 / Equity ratio 22.1 30.2 34.7 36.6 38.8」
Interest-bearing debt fell to ¥3,327 million, while the equity ratio rose to 38.8%. Numerical progress toward improving the financial condition and increasing the equity ratio has continued. - FY2020-Q3AdvancedAnnual report
「Total net assets were ¥6,992 million, an increase of ¥686 million from the end of the previous consolidated fiscal year, due to the recognition of quarterly net income attributable to owners of the parent, changes in foreign currency translation adjustments, and the disposal of treasury stock, among other factors.」
The equity ratio rose from 36.6% at the end of the previous fiscal year to 38.8%, indicating numerical progress toward improving the financial condition and increasing the equity ratio. Long-term borrowings, however, increased by ¥274 million. - FY2020-Q2AdvancedAnnual report
「Total net assets were ¥6,759 million, an increase of ¥453 million from the end of the previous consolidated fiscal year, due to the recognition of quarterly net income attributable to owners of the parent, changes in foreign currency translation adjustments, and the disposal of treasury stock, among other factors.」
The equity ratio rose from 36.6% at the end of the previous fiscal year to 37.9%, indicating numerical progress toward improving the financial condition and increasing the equity ratio. Long-term borrowings, however, increased by ¥52 million. - FY2019First statedAnnual report
「Our group is working toward the primary objective of improving and strengthening its financial condition. By maintaining stable performance, we aim to improve the equity ratio and strengthen our financial condition through efficient capital investment funded by operating cash flow and reductions in interest-bearing debt.」
The company has set the improvement and strengthening of its financial condition as its primary objective, with a higher equity ratio, capital investment funded by operating cash flow, and reductions in interest-bearing debt as its means of achieving it.