Komori
Nireco (6863) · TargetOrdinary profit margin below target and lower equity ratioLatest Revision of earnings forecasts (2026-09-29): "Advanced"

Maintaining a Certain Equity Ratio and Disclosing an Operating Margin Target

First written in FY2017. 7 of 30 entries say "Restated". Latest entry: 2026-09-29.

30entries
10years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2020-Q1 – FY2021-Q3OtherFY2022-Q1 – FY2023-Q3OtherFY2024-Q1 – FY20262017: 320172018: 320182019: 420192020: 420202021: 420212022: 220222023: 420232024: 320242025: 120252026: 22026
Same theme, other companies
Combined Target for Operating Margin on Sales and Equity RatioA theme 5 companies write about · 0 as a headwind · 4 as a tailwind

1 other company's latest entry also says "Advanced".

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.
Full recordFilings, disclosures and news, newest first
  1. 2026-09-29AdvancedRevision of earnings forecasts

    「Quality of growth: In addition to sales growth, raise the operating margin from 15.4% to 19.4% and increase profit growth beyond sales growth.」

    A specific target was set to raise the operating margin from the actual result for the fiscal year ending March 2026 to the plan for the fiscal year ending March 2031.
  2. FY2026Ordinary profit margin below target and lower equity ratioAnnual report

    「Ordinary profit was ¥1,794 million, down 11.5% from the previous consolidated fiscal year, and the ordinary profit margin was 16.3%, below the initial forecast of 17.7%.」

    The ordinary profit margin was 16.3%, below the initial forecast of 17.7%. The equity ratio was 82.6%, down from 85.7% at the end of the previous consolidated fiscal year.
  3. FY2026-H1Higher Equity RatioAnnual report

    「Equity ratio (%) 87.4 88.0 85.7」

    The equity ratio at the end of the interim consolidated accounting period was 88.0%, up from 85.7% at the end of the previous consolidated fiscal year.
  4. FY2025-H1Higher Equity RatioAnnual report

    「Equity ratio (%) 85.8 87.4 84.6」

    The equity ratio at the end of the interim consolidated accounting period was 87.4%, up from 84.6% at the end of the previous consolidated fiscal year.
  5. FY2024Decline in the equity ratio and exceeding the ordinary profit margin targetAnnual report

    「Ordinary profit was ¥1,470 million, up 17.1% from the previous consolidated fiscal year, and the ordinary profit margin was 14.9%, above the initial forecast of 12.6%.」

    The ordinary profit margin was 14.9%, above the initial forecast of 12.6%. Meanwhile, the equity ratio was 84.6%, down from 85.3% at the end of the previous consolidated fiscal year.
  6. FY2024-Q3Higher Equity RatioAnnual report

    「Equity ratio (%) 86.1 86.9 85.3」

    The equity ratio at the end of the third quarter was 86.9%, above both 86.1% in the same period of the previous year and 85.3% at the end of the previous consolidated fiscal year.
  7. FY2024-Q2Higher Equity RatioAnnual report

    「Equity ratio (%) 86.3 85.8 85.3」

    The equity ratio at the end of the second quarter was 85.8%, above 85.3% at the end of the previous consolidated fiscal year.
  8. FY2024-Q1Higher Equity RatioAnnual report

    「Equity ratio 85.0 85.9 85.3」

    The equity ratio at the end of the first quarter was 85.9%, up from 85.3% at the end of the previous consolidated fiscal year.
  9. FY2023AdvancedAnnual report

    「Ordinary profit was ¥1,255 million, up 93.2% from the previous consolidated fiscal year, and the ordinary profit margin was 13.7%, above the initial forecast of 9.3%.」

    The ordinary profit margin, which is emphasized as a profitability indicator, was 13.7%, above the initial forecast of 9.3%. The equity ratio was also 85.3%, slightly above 85.2% at the end of the previous fiscal year.
  10. FY2023-Q3Slight decline in the equity ratioAnnual report

    「Equity ratio (%) 85.2 86.1 85.2」

    The equity ratio was 86.1% at the end of the third quarter, a slight decline from 86.3% at the end of the second quarter, but above 85.2% at the end of the previous consolidated fiscal year.
  11. FY2023-Q2Higher Equity RatioAnnual report

    「Equity ratio (%) 85.2 86.3 85.2」

    The equity ratio at the end of the second quarter was 86.3%, above both 85.2% at the end of the previous consolidated fiscal year and 85.0% at the end of the previous quarter.
  12. FY2023-Q1Slight decline in the equity ratioAnnual report

    「Equity ratio 85.3 85.0 85.2」

    The equity ratio at the end of the first quarter was 85.0%, a slight decline from 85.2% at the end of the previous consolidated fiscal year.
  13. FY2022-Q2Equity ratio continues to declineAnnual report

    「Equity ratio 87.4 85.2 87.8」

    The equity ratio at the end of the second quarter was 85.2%, below both 87.8% at the end of the previous consolidated fiscal year and 87.4% in the same period of the previous year.
  14. FY2022-Q1Decline in the Equity RatioAnnual report

    「Equity ratio (%) 85.5 85.3 87.8」

    The equity ratio at the end of the first quarter was 85.3%, below both 87.8% at the end of the previous consolidated fiscal year and 85.5% in the same period of the previous year.
  15. FY2021AdvancedAnnual report

    「Ordinary profit was ¥635 million, down 35.8% from the previous consolidated fiscal year, and the ordinary profit margin was 8.0%, above the initial forecast of 5.8%.」

    Under the policy of emphasizing the ordinary profit margin, the ordinary profit margin for the fiscal year was 8.0%, above the initial forecast of 5.8%. The equity ratio also rose from 85.8% at the end of the previous fiscal year to 87.8%.
  16. FY2021-Q3Increase in the Equity RatioAnnual report

    「Equity ratio (%) 85.1 87.7 85.8」

    The equity ratio at the end of the third quarter was 87.7%, above both 85.1% in the same period of the previous year and 85.8% at the end of the previous consolidated fiscal year.
  17. FY2021-Q2Increase in the Equity RatioAnnual report

    「Equity ratio (%) 89.7 87.4 85.8」

    The equity ratio at the end of the second quarter was 87.4%, above both 85.8% at the end of the previous consolidated fiscal year and 85.5% at the end of the previous quarter.
  18. FY2021-Q1Equity ratio continues to declineAnnual report

    「Equity ratio (%) 88.3 85.5 85.8」

    The equity ratio at the end of the first quarter was 85.5%, a slight decline from 85.8% at the end of the previous consolidated fiscal year.
  19. FY2020Failure to meet the ordinary profit margin target and decline in the equity ratioAnnual report

    「As a result, the equity ratio was 85.8%, compared with 88.7% at the end of the previous consolidated fiscal year.」

    While maintaining a policy of keeping the equity ratio at a certain level, the equity ratio declined from 88.7% at the end of the previous consolidated fiscal year to 85.8%. The ordinary profit margin was 11.3%, below the initial forecast of 11.7%.
  20. FY2020-Q3Decline in the Equity RatioAnnual report

    「Equity ratio (%) 89.8 85.1 88.7」

    The equity ratio at the end of the third quarter was 85.1%, below both 88.7% at the end of the previous consolidated fiscal year and 89.8% in the same period of the previous year. No change was indicated in the policy itself of maintaining it at a certain level.
  21. FY2020-Q2RestatedAnnual report

    「Equity ratio (%) 88.4 89.7 88.7」

    The equity ratio at the end of the second quarter was 89.7%, above 88.7% at the end of the previous consolidated fiscal year. No change was indicated in the policy of maintaining it at a certain level or disclosing targets for the profitability indicator.
  22. FY2020-Q1RestatedAnnual report

    「Equity ratio (%) 88.3 88.7」

    The equity ratio at the end of the first quarter was 88.3%, a slight decline from 88.7% at the end of the previous consolidated fiscal year. No change was indicated in the policy of maintaining the equity ratio at a certain level or disclosing targets for the profitability indicator.
  23. FY2019AdvancedAnnual report

    「Ordinary profit was ¥1,011 million, up 29.0% year on year, and the ordinary profit margin was 12.0%, exceeding the initial forecast of 10%.」

    Under the policy of emphasizing the ordinary profit margin as a profitability indicator, the ordinary profit margin for the period was 12.0%, above the initial forecast of 10%. The equity ratio was also 88.7%.
  24. FY2019-Q3RestatedAnnual report

    「Equity ratio (%) 89.0 89.8 87.8」

    The equity ratio at the end of the third quarter was 89.8%, above 87.8% at the end of the previous consolidated fiscal year. No change was indicated in the policy of maintaining it at a certain level or disclosing targets for the profitability indicator.
  25. FY2019-Q2RestatedAnnual report

    「Equity ratio (%) 86.7 88.4 87.8」

    The equity ratio at the end of the second quarter was 88.4%, above 87.8% at the end of the previous consolidated fiscal year. No change was indicated in the policy of maintaining it at a certain level or disclosing targets for the profitability indicator.
  26. FY2019-Q1RestatedAnnual report

    「Equity ratio 86.1 87.4 87.8」

    The equity ratio at the end of the first quarter was 87.4%, a slight decline from 87.8% at the end of the previous consolidated fiscal year. No change was indicated in the policy of maintaining the equity ratio at a certain level or disclosing targets for the profitability indicator.
  27. FY2018ReframedAnnual report

    「We place importance on the equity ratio as an indicator of financial soundness and stability and will maintain it at a certain level. We also place importance on the ordinary profit margin as an indicator of improved profitability and will disclose specific target figures in our medium- to long-term management plans and other materials.」

    The profitability indicator was changed from the operating profit margin to the ordinary profit margin. The framework of maintaining the equity ratio at a certain level and disclosing a specific target for the ordinary profit margin remains in place.
  28. FY2018-Q2RestatedAnnual report

    「Equity ratio (%) 87.0 86.0 82.9」

    The equity ratio was reported as 86.0% for the cumulative second-quarter consolidated period, above 82.9% at the end of the previous consolidated fiscal year. No change was indicated in the policy of maintaining it at a certain level or in the operating profit margin target.
  29. FY2018-Q1RestatedAnnual report

    「Equity ratio (%) 85.7」

    The equity ratio was 85.7%, up from 82.9% at the end of the previous consolidated fiscal year. The specific target level itself was not disclosed.
  30. FY2017First statedAnnual report

    「We place importance on the equity ratio as an indicator of financial soundness and stability and will maintain it at a certain level. We also place importance on the operating profit margin as an indicator of improved profitability and will disclose specific target figures in our medium- to long-term management plans and other materials.」

    The company has stated for the first time that maintaining the equity ratio at a certain level and disclosing a specific target for the operating profit margin will be management indicators. The figures themselves are not provided in this filing.
Moved together

"Developing New Products and Expanding into New Markets" moved the same way as this thread, in the same document, in 3 of its 30 moves.

333333★123456
  1. ★This thread
  2. 1Developing New Products and Expanding into New Markets3×
  3. 2Strengthening Profitability Through More Efficient Development and Lower Costs3×
  4. 3Capturing Maintenance, Replacement and Automation Demand from the Steel Industry3×
  5. 4Expanding Share in the High-Performance Film and Flexible Packaging Markets3×
  6. 5Expanding into Next-Generation, Overseas and Food Markets Through the Application of Inspection Technology3×
  7. 6Global expansion3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Nireco yet. It last moved in the Revision of earnings forecasts of 2026-09-29: "Advanced".
News
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Maintaining a Certain Equity Ratio and Disclosing an Operating Margin Target | NIRECO CORPORATION (6863) | Komori