Expanding Equity and Maintaining Balance with Interest-Bearing Debt
First written in FY2019. 17 of 21 entries say "Advanced", first in FY2020-Q1. Latest entry: 2026-09-29.
The whole theme swung hardest in 2024: 3 of 34 companies on the "Worse" side.
11 other companies' latest entry also says "Advanced".
- 2026-09-29AdvancedEarnings
「First quarter of the fiscal year ending May 2027 45.7」
The equity ratio rose from 43.3% at the end of the fiscal year ended May 2026 to 45.7% at the end of the first quarter of the fiscal year ending May 2027. - FY2026AdvancedAnnual report
「Equity ratio (%) 37.2 42.0 43.3 Return on equity (%) 22.5 33.4 41.9」
The equity ratio increased from 42.0% in the fiscal year ended May 2025 to 43.3% in the fiscal year ending May 2026, demonstrating measurable progress in expanding equity capital. - 2026-06-25AdvancedRevision to earnings forecast
「Total net assets at the end of the fiscal year under review were ¥3,784 million, an increase of ¥463 million from the end of the previous consolidated fiscal year.」
Net assets increased by ¥463 million from the end of the previous consolidated fiscal year, while the equity ratio rose from 42.0% to 43.3%. - FY2026-H1AdvancedAnnual report
「Equity ratio (%) 39.9 42.8 42.0」
The equity ratio increased from 42.0% at the end of the previous consolidated fiscal year to 42.8% at the end of the current interim period. - FY2025-H1AdvancedAnnual report
「Equity ratio (%) 40.4 39.9 36.9」
The equity ratio increased from 36.9% at the end of the previous consolidated fiscal year to 39.9% at the end of the current interim period, demonstrating measurable progress in expanding equity capital. - FY2024Lower Equity RatioAnnual report
「Equity ratio (%) 18.3 36.6 37.2 39.0 36.9」
The consolidated equity ratio declined from 39.0% in the fiscal year ended May 2023 to 36.9% in the fiscal year ended May 2024. - FY2024-Q3AdvancedAnnual report
「Equity ratio (%) 38.0 40.7 39.0」
The equity ratio was 40.7% at the end of the third quarter of the current fiscal year, compared with 39.0% at the end of the previous consolidated fiscal year, demonstrating measurable progress in expanding equity capital. - FY2024-Q2AdvancedAnnual report
「Equity ratio (%) 36.8 40.4 39.0」
The equity ratio increased from 39.0% at the end of the previous consolidated fiscal year to 40.4% at the end of the second quarter of the current fiscal year, demonstrating measurable progress in expanding equity capital. - FY2024-Q1AdvancedAnnual report
「Equity ratio (%) 37.3 43.2 39.0」
The equity ratio was 43.2% at the end of the first quarter of the current fiscal year, compared with 39.0% at the end of the previous consolidated fiscal year, demonstrating measurable progress in expanding equity capital. - FY2023-Q3AdvancedAnnual report
「Equity ratio (%) 36.0 38.0 37.2」
The equity ratio increased from 37.2% at the end of the fiscal year ended May 2022 to 38.0% at the end of February 2023, demonstrating measurable progress in expanding equity capital. - FY2023-Q2Lower Equity RatioAnnual report
「Equity ratio (%) 39.5 36.8 37.2」
The equity ratio was 36.8% at the end of the second quarter of the current fiscal year, below 37.2% at the end of the previous consolidated fiscal year and 39.5% in the same period of the previous fiscal year. - FY2023-Q1AdvancedAnnual report
「Equity ratio (%) 40.7 37.3 37.2」
The equity ratio rose slightly from 37.2% at the end of May 2022 to 37.3% at the end of August 2022. - FY2022AdvancedAnnual report
「Equity ratio (%) — — 18.3 36.6 37.2」
The equity ratio increased from 36.6% in the fiscal year ended May 2021 to 37.2% in the fiscal year ended May 2022, demonstrating measurable progress in expanding equity capital. - FY2022-Q2AdvancedAnnual report
「As a result, the equity ratio was 39.5% (36.6% at the end of the previous consolidated fiscal year).」
The equity ratio increased from 36.6% at the end of the previous consolidated fiscal year to 39.5%, demonstrating measurable progress in expanding equity capital. - FY2022-Q1AdvancedAnnual report
「As a result, the equity ratio was 40.7% (36.6% at the end of the previous consolidated fiscal year).」
The equity ratio increased from 36.6% at the end of the previous consolidated fiscal year to 40.7%, demonstrating measurable progress in expanding equity capital. - FY2021-Q3AdvancedAnnual report
「As a result, the equity ratio was 35.8% (18.3% at the end of the previous consolidated fiscal year).」
The equity ratio increased from 18.3% at the end of the previous consolidated fiscal year to 35.8%, demonstrating measurable progress in expanding equity capital. - FY2021-Q2AdvancedAnnual report
「As a result, the equity ratio was 35.4% (18.3% at the end of the previous consolidated fiscal year).」
The equity ratio increased from 18.3% at the end of the previous consolidated fiscal year to 35.4%. - FY2021-Q1AdvancedAnnual report
「As a result, the equity ratio was 19.8% (18.3% at the end of the previous consolidated fiscal year).」
The equity ratio increased from 18.3% at the end of the previous consolidated fiscal year to 19.8%. - FY2020RestatedAnnual report
「Going forward, as the company needs to secure funds not only to expand working capital but also to invest in development, it will seek to expand equity capital while taking into account the balance with interest-bearing debt.」
Expanding equity capital and maintaining a balance with interest-bearing debt remain ongoing financial issues. - FY2020-Q1AdvancedAnnual report
「As a result, the equity ratio was 68.8% (20.7% at the end of the previous fiscal year).」
Following the public offering, the equity ratio increased from 20.7% to 68.8%, demonstrating measurable progress in expanding equity capital. - FY2019First statedAnnual report
「Going forward, as the company needs to secure funds not only to expand working capital but also to invest in development, it will seek to expand equity capital while taking into account the balance with interest-bearing debt.」
The company recognizes that its reliance on borrowings is high relative to shareholders' equity and has set out the expansion of equity capital as a goal.