Improving the Soundness of the Financial Structure
First written in FY2016. 15 of 35 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 8 of 30 companies on the "Worse" side.
12 other companies' latest entry also says "Other".
- FY2026Higher borrowings alongside improved net assetsAnnual report
「Interest-bearing debt increased by ¥1.289 billion from the previous consolidated fiscal year to ¥15.997 billion, due to higher borrowings mainly resulting from measures to comply with the Act on the Optimization of Small and Medium-sized Enterprise Subcontracting Transactions and payments related to the career transition support program. Total net assets for the current consolidated fiscal year increased by ¥2.719 billion, or 16.6%, from the previous consolidated fiscal year to ¥19.133 billion.」
While interest-bearing debt increased to ¥15.997 billion, net assets increased by 16.6% to ¥19.133 billion. Deterioration in borrowings and improvement in net assets and equity coexisted. - 2026-04-28Cited as achievedEarnings
「Following approval at the 96th Annual General Meeting of Shareholders held on 25 June 2025, we reviewed our capital structure in September 2025 to strengthen our financial position and secure flexibility and agility in future capital policies.」
The company reconfirmed, together with its financial results, that it had reviewed its capital structure through a capital reduction and the elimination of accumulated deficits. - FY2026-H1AdvancedAnnual report
「As a result, during the interim period of the current consolidated fiscal year, stated capital decreased by ¥28.709 billion, capital surplus decreased by ¥23.179 billion, and retained earnings increased by ¥51.888 billion.」
Following approval at the shareholders’ meeting, the company carried out the reductions in stated capital, capital reserve and retained earnings reserve and the disposal of surplus to cover the deficit on 1 September 2025. The plan to strengthen the financial position moved into the execution stage. - FY2025AdvancedAnnual report
「The company reduced its stated capital, capital reserve and retained earnings reserve before disposing of surplus, with the aim of eliminating the current deficit in retained earnings, strengthening its financial position, and ensuring flexibility and agility in future capital policy.」
To eliminate the deficit and strengthen its financial position, the company planned to reduce stated capital, capital reserve and retained earnings reserve and dispose of surplus, with the changes scheduled to take effect on 1 September 2025. Of the ¥31.7 billion in stated capital, ¥28.7 billion was to be reduced, with approximately ¥51.9 billion allocated to cover the deficit. - FY2025-H1Coexistence of higher interest-bearing debt and a slight increase in net assetsAnnual report
「Interest-bearing debt increased by ¥312 million from the previous consolidated fiscal year, mainly due to an increase in borrowings, to ¥14.868 billion. Total net assets for the interim period of the current consolidated fiscal year increased by ¥91 million, or 0.6%, from the previous consolidated fiscal year to ¥15.736 billion.」
While interest-bearing debt increased to ¥14.868 billion, net assets increased by 0.6%. Deterioration on the liabilities side and improvement on the net assets side coexisted in the financial structure. - FY2024Higher interest-bearing debt alongside higher net assetsAnnual report
「Interest-bearing debt increased by ¥2.332 billion from the previous consolidated fiscal year, mainly due to an increase in borrowings, to ¥14.555 billion. Total net assets for the current consolidated fiscal year increased by ¥2.448 billion, or 18.6%, from the previous consolidated fiscal year to ¥15.645 billion.」
While interest-bearing debt increased to ¥14.555 billion, net assets increased by 18.6%, resulting in deterioration on the liabilities side and improvement on the net assets side of the financial structure. - FY2024-Q3Higher interest-bearing debt alongside higher net assetsAnnual report
「Interest-bearing debt increased by ¥2.528 billion from the previous consolidated fiscal year, mainly due to an increase in borrowings, to ¥14.752 billion. Total net assets for the third quarter of the current consolidated fiscal year increased by ¥739 million, or 5.6%, from the previous consolidated fiscal year to ¥13.936 billion.」
While interest-bearing debt increased to ¥14.752 billion due to higher borrowings, net assets increased to ¥13.936 billion due to increases in the foreign currency translation adjustment account and the accumulated adjustments related to retirement benefits. Improvements and deterioration coexisted in the financial structure. - FY2024-Q2Higher interest-bearing debt alongside higher net assetsAnnual report
「Interest-bearing debt increased by ¥1.612 billion from the previous consolidated fiscal year, mainly due to an increase in borrowings, to ¥13.836 billion. Total net assets for the second quarter of the current consolidated fiscal year increased by ¥884 million, or 6.7%, from the previous consolidated fiscal year to ¥14.080 billion.」
While interest-bearing debt increased due to higher borrowings, net assets increased due to increases in the foreign currency translation adjustment account and the accumulated adjustments related to retirement benefits. Improvements and deterioration coexisted in the financial structure. - FY2024-Q1WorsenedAnnual report
「Interest-bearing debt stood at ¥13,380 million, an increase of ¥1,156 million from the previous consolidated fiscal year, mainly due to higher borrowings.」
Interest-bearing debt increased by ¥1.156 billion from the end of the previous fiscal year, due to an increase in borrowings, and the indicators related to strengthening the financial structure moved in the wrong direction. - FY2023MitigatedAnnual report
「Interest-bearing debt stood at ¥12,223 million, down ¥116 million from the previous consolidated fiscal year, mainly due to the repayment of lease obligations.」
Interest-bearing debt decreased to ¥12,223 million, and improvement in the financial structure continued. - FY2023-Q3MitigatedAnnual report
「Interest-bearing debt stood at ¥11,960 million, down ¥379 million from the previous consolidated fiscal year, mainly due to the repayment of borrowings.」
Repayment of borrowings reduced interest-bearing debt to ¥11,960 million, and improvement in the financial structure continued. - FY2023-Q2MitigatedAnnual report
「Interest-bearing debt stood at ¥11,766 million, down ¥573 million from the previous consolidated fiscal year, mainly due to the repayment of borrowings, the lowest level since fiscal 2000. As a result, the equity ratio reached 29.1%, the highest level since fiscal 2000.」
Repayment of borrowings reduced interest-bearing debt to ¥11,766 million, the lowest level since fiscal 2000. The equity ratio also reached 29.1%, the highest level since fiscal 2000, indicating continued improvement in the financial structure. - FY2023-Q1MitigatedAnnual report
「Interest-bearing debt stood at ¥11,833 million, down ¥506 million from the previous consolidated fiscal year, mainly due to the repayment of borrowings, the lowest level since fiscal 2000.」
Repayment of borrowings reduced interest-bearing debt to ¥11,833 million, advancing improvement in the financial structure. - FY2022MitigatedAnnual report
「Interest-bearing debt stood at ¥12,340 million, down ¥2,779 million from the previous consolidated fiscal year, mainly due to the repayment of borrowings, the lowest level since fiscal 2000.」
Repayment of borrowings reduced interest-bearing debt to ¥12,340 million, the lowest level since fiscal 2000. Progress is being made in improving the financial structure. - FY2022-Q3MitigatedAnnual report
「Interest-bearing debt stood at ¥12,357 million, down ¥2,762 million from the previous consolidated fiscal year. Total net assets for the third quarter of the consolidated fiscal year stood at ¥13,148 million, up ¥2,260 million (20.8%) from the previous consolidated fiscal year.」
Interest-bearing debt decreased to ¥12,357 million, while net assets increased by 20.8%, indicating an improvement in the financial structure. - FY2022-Q2MitigatedAnnual report
「Interest-bearing debt stood at ¥11,984 million, down ¥3,135 million from the previous consolidated fiscal year.」
Interest-bearing debt decreased by ¥3,135 million from the end of the previous fiscal year to ¥11,984 million. Decreases in short-term borrowings and accounts payable were also noted, and the financial structure improved. - FY2022-Q1MitigatedAnnual report
「Interest-bearing debt stood at ¥12,282 million, down ¥2,837 million from the previous consolidated fiscal year. The main reasons for the decrease in current liabilities were decreases of ¥2,820 million in short-term borrowings and ¥1,033 million in accounts payable.」
Lower short-term borrowings and other liabilities reduced interest-bearing debt to ¥12,282 million, improving the financial structure-related figures. - FY2021MitigatedAnnual report
「Interest-bearing debt stood at ¥15,119 million, down ¥4,063 million from the previous consolidated fiscal year, mainly due to the repayment of short-term borrowings, the lowest level in the past 10 years.」
Repayment of short-term borrowings reduced interest-bearing debt to ¥15,119 million, the lowest level in the past 10 years. The figures related to financial structure strengthening improved from the previous fiscal year. - FY2021-Q3MitigatedAnnual report
「The main reason for the decrease in current liabilities was a ¥3,000 million decrease in short-term borrowings. Interest-bearing debt stood at ¥16,037 million, down ¥3,145 million from the previous consolidated fiscal year. Total net assets for the third quarter of the consolidated fiscal year stood at ¥9,160 million, up ¥2,420 million (35.9%) from the previous consolidated fiscal year.」
Interest-bearing debt decreased to ¥16,037 million as a result of lower short-term borrowings, while net assets increased by 35.9%, indicating an improvement in the financial structure-related figures. - FY2021-Q2MitigatedAnnual report
「Interest-bearing debt stood at ¥18,517 million, down ¥665 million from the previous consolidated fiscal year. Total net assets for the second quarter of the consolidated fiscal year stood at ¥7,558 million, up ¥818 million (12.2%) from the previous consolidated fiscal year.」
Interest-bearing debt decreased to ¥18,517 million, while net assets increased by 12.2%. The financial structure-related figures moved toward improvement from the deterioration seen in the previous quarter. - FY2021-Q1Higher interest-bearing debt alongside higher net assetsAnnual report
「Interest-bearing debt stood at ¥19,441 million, an increase of ¥258 million from the previous consolidated fiscal year, mainly due to higher inventories from advance production in response to increased demand for battery products and capital investment in equipment for small, SMD-compatible all-solid-state batteries ahead of the start of mass production in the third quarter of the consolidated fiscal year. Total net assets for the first quarter of the consolidated fiscal year stood at ¥7,143 million, up ¥403 million (6.0%) from the previous consolidated fiscal year.」
Interest-bearing debt increased to ¥19,441 million due to advance production and capital investment in mass-production equipment for all-solid-state batteries, while net assets increased by 6.0% due to the recognition of quarterly net income. - FY2020Slight decrease in interest-bearing debt and substantial decrease in net assetsAnnual report
「Interest-bearing debt stood at ¥19,182 million, down ¥31 million from the previous consolidated fiscal year. Total net assets for the consolidated fiscal year stood at ¥6,739 million, down ¥3,540 million (34.4%) from the previous consolidated fiscal year.」
Interest-bearing debt decreased slightly, while net assets declined by 34.4% due to net loss attributable to owners of the parent and a decrease in the foreign currency translation adjustment account. - FY2020-Q3Lower interest-bearing debt alongside lower net assetsAnnual report
「Interest-bearing debt stood at ¥18,904 million, down ¥309 million from the previous consolidated fiscal year. Total net assets for the third quarter of the consolidated fiscal year stood at ¥9,041 million, down ¥1,238 million (12.0%) from the previous consolidated fiscal year.」
While interest-bearing debt decreased by ¥309 million from the end of the previous fiscal year, net assets declined by 12.0%. Both improvement and deterioration are noted in the financial structure. - FY2020-Q2WorsenedAnnual report
「Interest-bearing debt stood at ¥19,701 million, an increase of ¥496 million from the previous consolidated fiscal year. Total net assets for the second quarter of the consolidated fiscal year stood at ¥8,819 million, down ¥1,461 million (14.2%) from the previous consolidated fiscal year.」
Interest-bearing debt increased by ¥496 million from the end of the previous fiscal year, while total net assets declined by 14.2%. The financial structure-related figures are moving in the direction of deterioration. - FY2020-Q1WorsenedAnnual report
「Interest-bearing debt stood at ¥20,623 million, an increase of ¥1,409 million from the previous consolidated fiscal year. Total net assets for the first quarter of the consolidated fiscal year stood at ¥8,586 million, down ¥1,693 million (16.5%) from the previous consolidated fiscal year.」
Interest-bearing debt increased by ¥1,409 million from the end of the previous fiscal year, while total net assets declined by 16.5%, indicating deterioration in the financial structure-related figures. - FY2019MitigatedAnnual report
「Interest-bearing debt stood at ¥19,214 million, down ¥1,262 million from the previous consolidated fiscal year. Total net assets for the consolidated fiscal year stood at ¥10,280 million, up ¥5,986 million (139.4%) from the previous consolidated fiscal year. The main reason for the increase in net assets was a ¥3,407 million increase each in share capital and capital surplus from the exercise of stock acquisition rights.」
Interest-bearing debt decreased, while net assets increased mainly as a result of capital strengthening through the exercise of stock acquisition rights, indicating an improvement in the financial structure-related figures. - FY2019-Q3MitigatedAnnual report
「Interest-bearing debt stood at ¥19,288 million, down ¥1,188 million from the previous consolidated fiscal year. Total net assets for the third quarter of the consolidated fiscal year stood at ¥7,403 million, up ¥3,109 million (72.4%) from the previous consolidated fiscal year.」
Interest-bearing debt decreased by ¥1,188 million from the end of the previous fiscal year, while net assets increased by 72.4%, indicating an improvement in the financial structure. - FY2019-Q2MitigatedAnnual report
「Interest-bearing debt stood at ¥19,214 million, down ¥1,262 million from the previous consolidated fiscal year. Total net assets for the second quarter of the consolidated fiscal year stood at ¥5,788 million, up ¥1,494 million (34.8%) from the previous consolidated fiscal year. The main reasons for the increase in net assets were a ¥390 million increase in retained earnings from the recognition of net income attributable to owners of the parent for the quarter, and an increase of ¥408 million each in share capital and capital surplus from the exercise of stock acquisition rights.」
Interest-bearing debt decreased by ¥174 million from the end of the previous fiscal year, while net assets increased by 34.8%. The recognition of profit and capital strengthening through the exercise of stock acquisition rights were cited as factors improving the financial structure. - FY2019-Q1MitigatedAnnual report
「Interest-bearing debt stood at ¥19,841 million, down ¥635 million from the previous consolidated fiscal year. Total net assets for the first quarter of the consolidated fiscal year stood at ¥4,450 million, up ¥156 million (3.6%) from the previous consolidated fiscal year.」
Interest-bearing debt decreased by ¥635 million from the end of the previous fiscal year, while total net assets increased by 3.6%, indicating an improvement in the financial structure-related figures. - FY2018WorsenedAnnual report
「While continuing to pursue our mission as a “smart energy manager,” we recognize that our future challenges are to achieve sustainable growth and enhance corporate value by further strengthening our businesses and improving our financial structure. Interest-bearing debt stood at ¥20,477 million, an increase of ¥2,182 million from the previous consolidated fiscal year.」
While continuing to identify improvement of the financial structure as an issue, interest-bearing debt increased to ¥20,477 million, with the figures indicating deterioration from the previous fiscal year. - FY2018-Q3WorsenedAnnual report
「Interest-bearing debt stood at ¥20,799 million, an increase of ¥2,504 million from the previous consolidated fiscal year.」
Interest-bearing debt increased by ¥2,504 million from the end of the previous fiscal year to ¥20,799 million, indicating deterioration on the liabilities side in terms of financial structure strengthening. - FY2018-Q2WorsenedAnnual report
「Interest-bearing debt stood at ¥19,334 million, an increase of ¥1,039 million from the previous consolidated fiscal year.」
Interest-bearing debt increased by ¥1,039 million from the end of the previous fiscal year to ¥19,334 million, indicating deterioration on the liabilities side in terms of financial structure strengthening. - FY2018-Q1WorsenedAnnual report
「Interest-bearing debt stood at ¥19,776 million, an increase of ¥1,481 million from the previous consolidated fiscal year. Total net assets for the first quarter of the consolidated fiscal year stood at ¥4,172 million, down ¥465 million (10.0%) from the previous consolidated fiscal year.」
While interest-bearing debt increased to ¥19,776 million, total net assets declined by 10.0% from the end of the previous fiscal year, indicating deterioration in the figures related to financial structure strengthening. - FY2017Deterioration of the financial baseAnnual report
「Interest-bearing debt stood at ¥18,294 million, an increase of ¥957 million from the previous consolidated fiscal year. Total net assets for the consolidated fiscal year stood at ¥4,638 million, down ¥3,115 million (40.2%) from the previous consolidated fiscal year.」
While identifying strengthening the financial structure as an issue, interest-bearing debt increased to ¥18,294 million and net assets declined by 40.2%. - FY2016First statedAnnual report
「By strengthening the company's corporate foundation through alliances to strengthen the business and quality and improve the soundness of its financial structure,」
The company explicitly identifies strengthening its financial structure as an issue in reinforcing its corporate foundation.