Decline in Net Assets and Lower Equity Ratio
First written in FY2018-Q3. 12 of 32 entries say "Mitigated", first in FY2020-Q2. Latest entry: FY2026.
Artiza Networks moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 6 of 14 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Net assets at the end of the current consolidated fiscal year totaled ¥6,677.427 million, an increase of ¥116.919 million from the end of the previous consolidated fiscal year. The equity ratio was 83.8%.」
Net assets increased by ¥116.919 million from the end of the previous fiscal year, while the equity ratio rose from 78.1% to 83.8%. - FY2026-H1MitigatedAnnual report
「Net assets at the end of the interim period of the current consolidated fiscal year were ¥6,591.457 million, an increase of ¥30.948 million from the end of the previous consolidated fiscal year. The main factors were the recognition of interim net income attributable to owners of the parent of ¥96.484 million and a ¥109.467 million increase in valuation difference on other securities, partly offset by a ¥175.590 million decrease in retained earnings resulting from dividend payments.」
Net assets increased by ¥30.948 million from the end of the previous fiscal year, and the equity ratio also rose from 78.1% to 82.9%. This represents an improvement from the trend of declining net assets and equity ratios through the previous fiscal year. - 2026-03-12MitigatedEarnings
「At the interim period of the fiscal year ending July 2026, net assets were ¥6,591 million and the equity ratio was 82.9%.」
Net assets increased from ¥6,560 million at the end of the previous fiscal year, while the equity ratio rose from 78.1% to 82.9%. - FY2025WorsenedAnnual report
「Net assets at the end of the current consolidated fiscal year were ¥6,560.508 million, a decrease of ¥429.294 million from the end of the previous consolidated fiscal year. The main factors were a ¥196.440 million increase in treasury shares and a ¥183.285 million decrease in valuation difference on other securities.」
Net assets declined by ¥429.294 million due to share repurchases and the decrease in valuation difference on securities, and the equity ratio also declined from 78.3% to 78.1%. - FY2025-H1Decline in net assets and equity ratioAnnual report
「Net assets at the end of the interim period of the current consolidated fiscal year were ¥6,661.023 million, a decrease of ¥328.779 million from the end of the previous consolidated fiscal year. The main factors were a ¥182.618 million decrease in retained earnings and a ¥99.080 million decrease in valuation difference on other securities resulting from dividend payments, as well as a ¥96.482 million increase in treasury shares resulting from share repurchases, despite the recognition of interim net income attributable to owners of the parent of ¥49.344 million.」
Net assets declined due to dividends, the decrease in valuation difference on other securities, and share repurchases, and the equity ratio also declined from 78.3% to 78.1%. - FY2024WorsenedAnnual report
「Net assets at the end of the current consolidated fiscal year were ¥6,989.803 million, a decrease of ¥420.000 million from the end of the previous consolidated fiscal year. The main factors were the recognition of a net loss attributable to owners of the parent of ¥143.286 million and dividend payments of ¥273.927 million, resulting in a ¥417.214 million decrease in retained earnings.」
Net assets declined by ¥420.000 million from the end of the previous fiscal year. Meanwhile, the equity ratio rose from 76.1% to 78.3%. - FY2024-Q3Lower net assets and higher equity ratioAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal year were ¥6,987.614 million, a decrease of ¥422.189 million from the end of the previous consolidated fiscal year. The main factor was a ¥428.947 million decrease in retained earnings resulting from the recognition of a quarterly net loss attributable to owners of the parent and dividend payments.」
Net assets declined by ¥422.189 million, while the equity ratio rose from 76.1% at the end of the previous consolidated fiscal year to 77.6%. - FY2024-Q2Lower net assets and higher equity ratioAnnual report
「Net assets at the end of the second quarter of the current consolidated fiscal year were ¥7,034.796 million, a decrease of ¥375.007 million from the end of the previous consolidated fiscal year. The main factors were the recognition of a quarterly net loss attributable to owners of the parent of ¥104.109 million and a ¥272.003 million decrease in retained earnings resulting from dividend payments.」
Net assets declined by ¥375.007 million due to the quarterly net loss and dividend payments, while the equity ratio rose from 76.1% at the end of the previous consolidated fiscal year to 77.1%. - FY2024-Q1WorsenedAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal year were ¥7,175.830 million, a decrease of ¥233.973 million from the end of the previous consolidated fiscal year. The main factor was a ¥273.927 million decrease in retained earnings resulting from dividend payments, despite the recognition of quarterly net income attributable to owners of the parent of ¥36.645 million.」
Dividend payments of ¥273.927 million exceeded quarterly net income, resulting in a decline in net assets from the end of the previous fiscal year. The equity ratio also declined from 76.1% to 75.2%. - FY2023Decline in net assets from dividends and share repurchases, rise in equity ratioAnnual report
「Net assets at the end of the current consolidated fiscal year were ¥7,409.804 million, a decrease of ¥207.591 million from the end of the previous consolidated fiscal year. The main factors were a ¥66.067 million decrease in retained earnings resulting from dividend payments of ¥185.418 million, and a ¥138.363 million increase in treasury shares resulting from share repurchases, despite the recognition of net income attributable to owners of the parent of ¥119.351 million.」
Net assets declined by ¥207.591 million year on year, while the equity ratio rose from 72.5% to 76.1%. Dividends and share repurchases were explicitly identified as factors behind the decline in net assets. - FY2023-Q3MitigatedAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal year were ¥7,760.271 million, an increase of ¥142.875 million from the end of the previous consolidated fiscal year. The main factors were a ¥185.418 million decrease in retained earnings resulting from dividend payments and a ¥138.363 million increase in treasury shares resulting from share repurchases, partly offset by the recognition of quarterly net income attributable to owners of the parent of ¥495.575 million.」
Net assets increased by ¥142.875 million year on year to ¥7,760.271 million, and the equity ratio also rose from 72.5% to 75.9%. Quarterly net income exceeded the decreases resulting from dividends and share repurchases. - FY2023-Q2MitigatedAnnual report
「Net assets at the end of the second quarter of the current consolidated fiscal year were ¥7,862.583 million, an increase of ¥245.187 million from the end of the previous consolidated fiscal year. The main factors were the recognition of quarterly net income attributable to owners of the parent of ¥447.195 million, partly offset by a ¥185.418 million decrease in retained earnings resulting from dividend payments.」
Net assets increased by ¥245.187 million from the end of the previous fiscal year, and the equity ratio also rose from 72.5% to 76.5%. Profit recognition exceeded the decrease resulting from dividend payments. - FY2023-Q1Decrease in net assets due to dividend payments and increase in equity ratioAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal year were ¥7,543.563 million, a decrease of ¥73.832 million from the end of the previous consolidated fiscal year. The main factor was a ¥185.418 million decrease in retained earnings resulting from dividend payments, despite the recognition of quarterly net income attributable to owners of the parent of ¥109.095 million.」
Net assets declined by ¥73.832 million because dividend payments of ¥185.418 million exceeded the ¥109.095 million in quarterly net income recognized. Meanwhile, the equity ratio rose from 72.5% to 76.4%. - FY2022Increase in net assets from profit recognition, decline in equity ratioAnnual report
「Net assets at the end of the current consolidated fiscal year were ¥7,617.396 million, an increase of ¥994.149 million from the end of the previous consolidated fiscal year. The main factor was a ¥958.676 million increase in retained earnings resulting from the recognition of net income attributable to owners of the parent.」
Net assets increased by ¥994.149 million, while the equity ratio declined from 73.8% in the previous fiscal year to 72.5%. - FY2022-Q3Increase in net assets from profit recognition, decline in equity ratioAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal year were ¥7,435.961 million, an increase of ¥812.714 million from the end of the previous consolidated fiscal year. The main factors were the recognition of quarterly net income attributable to owners of the parent of ¥913.073 million and a ¥19.272 million increase in the beginning balance of retained earnings due to the application of accounting standards for revenue recognition and other standards, partly offset by a ¥157.605 million decrease in retained earnings resulting from dividend payments.」
Net assets increased by ¥812.714 million from the end of the previous fiscal year, while the equity ratio declined from 73.8% to 73.0%. - FY2022-Q2Increase in net assets from profit recognition and maintenance of equity ratioAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, net assets were ¥7,302.468 million, up ¥679.222 million from the end of the previous consolidated fiscal year. The main factors were the recognition of ¥828.158 million in net income attributable to owners of the parent and a ¥19.272 million increase in the opening balance of retained earnings due to the application of accounting standards for revenue recognition and other standards, offset by a ¥157.605 million decrease in retained earnings due to dividend payments.」
Net assets increased by ¥679.222 million from the end of the previous consolidated fiscal year to ¥7,302.468 million. The decrease in retained earnings from dividend payments was more than offset by the recognition of quarterly net income and other factors. The equity ratio was 73.8%, unchanged from the end of the previous consolidated fiscal year. - FY2022-Q1Decrease in net assets due to dividend payments and increase in equity ratioAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, net assets were ¥6,566.301 million, down ¥56.945 million from the end of the previous consolidated fiscal year. The main factors were the recognition of ¥77.173 million in net income attributable to owners of the parent and a ¥19.272 million increase in the opening balance of retained earnings due to the application of accounting standards for revenue recognition and other standards, offset by a ¥157.605 million decrease in retained earnings due to dividend payments.」
Net assets decreased by ¥56.945 million from the end of the previous fiscal year due in part to dividend payments of ¥157.605 million, while the equity ratio rose from 73.8% to 74.5%. - FY2021-Q3MitigatedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, net assets were ¥6,410.306 million, up ¥2,334.007 million from the end of the previous consolidated fiscal year. The main factors were a ¥1,454.223 million increase in capital surplus and a ¥335.610 million decrease in treasury shares resulting from the disposal of treasury shares upon the exercise of share acquisition rights, as well as a ¥525.611 million increase in retained earnings resulting from dividend payments and the recognition of net income attributable to owners of the parent.」
Net assets increased by ¥2,334.007 million from the end of the previous consolidated fiscal year to ¥6,410.306 million, and the equity ratio, one of the key management indicators, also rose to 72.4%. - FY2021-Q2MitigatedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, net assets were ¥4,504.693 million, up ¥428.394 million from the end of the previous consolidated fiscal year. The main factor was a ¥418.463 million increase in retained earnings resulting from dividend payments and the recognition of net income attributable to owners of the parent.」
Net assets increased by ¥428.394 million from the end of the previous consolidated fiscal year to ¥4,504.693 million, while the equity ratio changed from 67.8% to 66.4%. - FY2021-Q1WorsenedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, net assets were ¥4,025.984 million, down ¥50.315 million from the end of the previous consolidated fiscal year. The main factor was a ¥45.042 million decrease in retained earnings due to dividend payments.」
Net assets decreased by ¥50.315 million from the end of the previous fiscal year, and the equity ratio also declined from 67.8% to 66.4%. The main factor was the decrease in retained earnings due to dividend payments. - FY2020MitigatedAnnual report
「As of the end of the current consolidated fiscal year, net assets were ¥4,076.299 million, up ¥758.146 million from the end of the previous consolidated fiscal year.」
Net assets increased from ¥3,318.152 million to ¥4,076.299 million, and the equity ratio also rose from 65.7% to 67.8%. - FY2020-Q3MitigatedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, net assets were ¥3,826.836 million, up ¥508.683 million from the end of the previous consolidated fiscal year.」
Net assets increased by ¥508.683 million from the end of the previous consolidated fiscal year to ¥3,826.836 million, and the equity ratio also rose from 65.7% to 69.3%. - FY2020-Q2MitigatedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, net assets were ¥3,774.737 million, up ¥456.585 million from the end of the previous consolidated fiscal year. The main factors were a ¥170.180 million increase in capital surplus and a ¥71.190 million decrease in treasury shares resulting from the disposal of treasury shares upon the exercise of share acquisition rights, as well as a ¥157.137 million increase in retained earnings from the recognition of net income attributable to owners of the parent.」
Net assets increased by ¥456.585 million from the end of the previous consolidated fiscal year to ¥3,774.737 million, and the equity ratio also rose from 65.7% to 66.2%. - FY2020-Q1WorsenedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, net assets were ¥3,205.716 million, down ¥112.436 million from the end of the previous consolidated fiscal year. The main factor was a ¥146.431 million decrease in retained earnings.」
Net assets decreased by ¥112.436 million from the end of the previous consolidated fiscal year, and the equity ratio also declined from 65.7% to 64.7%. - FY2019Recovery in net assets and decline in equity ratioAnnual report
「As of the end of the current consolidated fiscal year, net assets were ¥3,318.152 million, up ¥120.833 million from the end of the previous consolidated fiscal year. The main factor was a ¥117.628 million increase in retained earnings.」
Net assets increased from ¥3,197.319 million at the end of the previous fiscal year to ¥3,318.152 million, while the equity ratio declined from 83.4% to 65.7% owing to increases in total assets and borrowings. - FY2019-Q3WorsenedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, net assets were ¥2,916.488 million, down ¥280.830 million from the end of the previous consolidated fiscal year. The main factor was a ¥269.824 million decrease in retained earnings.」
Net assets decreased by ¥280.830 million from the end of the previous fiscal year to ¥2,916.488 million, and the equity ratio also declined from 83.4% to 66.1%. - FY2019-Q2WorsenedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, net assets were ¥2,881.244 million, down ¥316.074 million from the end of the previous consolidated fiscal year. The main factor was a ¥304.712 million decrease in retained earnings.」
Net assets decreased by ¥316.074 million from the end of the previous fiscal year, and the equity ratio also declined from 83.4% to 68.5%. - FY2019-Q1WorsenedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, net assets were ¥2,968.534 million, down ¥228.784 million from the end of the previous consolidated fiscal year. The main factor was a ¥207.862 million decrease in retained earnings.」
Net assets decreased by ¥228.784 million from the end of the previous fiscal year, and the equity ratio also declined from 83.4% to 77.6%. - FY2018WorsenedAnnual report
「As of the end of the current consolidated fiscal year, net assets were ¥3,197.319 million, down ¥1,012.128 million from the end of the previous consolidated fiscal year. The main factors were decreases of ¥937.414 million in retained earnings and ¥79.819 million in valuation difference on available-for-sale securities.」
Net assets decreased by ¥1,012.128 million from the end of the previous fiscal year to ¥3,197.319 million. The equity ratio, one of the key management indicators, also declined from 89.2% to 83.4%. - FY2018-Q3First statedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, net assets were ¥3,573.441 million, down ¥636.006 million from the end of the previous consolidated fiscal year. The main factor was a ¥583.490 million decrease in retained earnings.」
Net assets were ¥3,573.441 million, down ¥636.006 million from the end of the previous consolidated fiscal year. The equity ratio, one of the key management indicators, also declined from 89.2% to 82.7%.