Significant Increases in Assets and Liabilities and Decline in the Equity Ratio
First written in FY2024-Q3. 4 of 9 entries say "Mitigated", first in FY2025. Latest entry: 2026-08-12.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- 2026-08-12WorsenedEarnings
「As a result, the equity ratio was 42.4%, compared with 45.0% at the end of the previous consolidated fiscal year.」
The equity ratio declined from the previous year-end, while liabilities increased, including through higher short-term borrowings. - FY2026MitigatedAnnual report
「Total net assets at the end of the consolidated fiscal year increased by ¥600 million from the end of the previous consolidated fiscal year to ¥8,676 million, up 7.4% from the end of the previous fiscal year. … As a result, the equity ratio was 45.0%, compared with 44.6% at the end of the previous consolidated fiscal year.」
Following the increase in assets and liabilities from the consolidation of ホタルクス and other factors in the previous fiscal year, net assets increased and the equity ratio also rose from 44.6% to 45.0%. - FY2026-H1WorsenedAnnual report
「Total liabilities at the end of the interim consolidated accounting period increased by ¥885 million from the end of the previous consolidated fiscal year to ¥10,932 million, up 8.8% from the end of the previous fiscal year. This was mainly attributable to increases of ¥905 million in short-term borrowings and ¥201 million in accrued expenses, together with decreases of ¥140 million in long-term borrowings and ¥62 million in liabilities related to retirement benefits. … As a result, the equity ratio was 42.5%, compared with 44.6% at the end of the previous consolidated fiscal year.」
The equity ratio, which had risen in the previous fiscal year, declined from 44.6% to 42.5%, while liabilities increased, including an increase in short-term borrowings. - FY2025MitigatedAnnual report
「Total assets at the end of the consolidated fiscal year decreased by ¥361 million from the end of the previous consolidated fiscal year to ¥18,123 million, down 2.0% from the end of the previous fiscal year. … Total liabilities at the end of the consolidated fiscal year decreased by ¥751 million from the end of the previous consolidated fiscal year to ¥10,046 million, down 7.0% from the end of the previous fiscal year. … As a result, the equity ratio was 44.6%, compared with 41.6% at the end of the previous consolidated fiscal year.」
Following the significant increase in assets and liabilities from the consolidation of ホタルクス and other factors in the previous fiscal year, assets and liabilities declined, while the equity ratio rose from 41.6% to 44.6%. - FY2025-H1ReframedAnnual report
「Total assets at the end of the interim consolidated accounting period decreased by ¥1,164 million from the end of the previous consolidated fiscal year to ¥17,320 million, down 6.3% from the end of the previous fiscal year. This was mainly attributable to decreases of ¥722 million in cash and deposits, ¥18 million in inventories and ¥739 million in trade receivables, together with an increase of ¥394 million in property, plant and equipment. Total liabilities at the end of the interim consolidated accounting period decreased by ¥1,153 million from the end of the previous consolidated fiscal year to ¥9,644 million, down 10.7% from the end of the previous fiscal year.」
Assets and liabilities, which had increased significantly following the consolidation of ホタルクス, declined during the interim period. Property, plant and equipment increased, changing the composition of total assets and liabilities. - FY2024RestatedAnnual report
「Total liabilities at the end of the consolidated fiscal year increased by ¥5,421 million from the end of the previous consolidated fiscal year to ¥10,797 million, an increase of 100.9% from the end of the previous fiscal year. … As a result, the equity ratio was 41.6%, compared with 57.6% at the end of the previous consolidated fiscal year.」
Consolidation of ホタルクス and other factors led to a significant increase in assets and liabilities, and the equity ratio declined from 57.6% to 41.6%. - FY2024-Q3First statedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets increased by ¥6,366 million from the end of the previous consolidated fiscal year to ¥19,036 million, up 50.2% from the previous fiscal year-end. Total liabilities increased by ¥6,218 million to ¥11,594 million, up 115.7% from the previous fiscal year-end. As a result, the equity ratio was 39.1%, compared with 57.6% at the end of the previous consolidated fiscal year.」
Total assets and total liabilities increased significantly at the end of the third quarter, and the equity ratio declined from 57.6% to 39.1%. The main items showing increases were inventories, trade receivables, accounts payable, liabilities related to retirement benefits and short-term borrowings.