Komori
Kan-Nanmaru (7585) · TargetWorsened

Building a Robust Financial Foundation with a Target Equity Ratio of 90.0%

First written in FY2017. 24 of 34 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2026.

34entries
10years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2022 – FY2025-H12017: 12018: 420182019: 420192020: 420202021: 420212022: 420222023: 320232024: 320242025: 220252026: 52026
Same theme, other companies
Optimal capital structure with a 40–50% equity ratio as a benchmarkA theme 44 companies write about · 2 as a headwind · 41 as a tailwind

Kan-Nanmaru moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).

The whole theme swung hardest in 2019: 3 of 21 companies on the "Worse" side.

5 other companies' latest entry also says "Worsened".

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.
Showing 14 of the 44 companies compared. The sentences above are computed from all 44.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「The Company is also working to improve its equity ratio to restore financial soundness. Although it remains low at 17.3%, the Company first aims to stabilize its finances and ultimately restore the ratio to pre-pandemic levels.」

    The equity ratio declined from 27.7% at the end of the previous fiscal year to 17.3%, and the Company continues to state that it aims to restore the ratio to pre-pandemic levels.
  3. FY2026-H1WorsenedAnnual report

    「Equity ratio (%) 34.9 25.3 27.7」

    The equity ratio declined from 27.7% at the end of the previous fiscal year to 25.3% at the end of the interim accounting period, remaining below the previous medium- to long-term target of 70% or higher.
  4. FY2025SoftenedAnnual report

    「In addition, we are working to improve the equity ratio as we restore financial soundness. Although it is currently low at 27.7%, we will first stabilize our finances and ultimately aim to restore the ratio to the level before the COVID-19 pandemic.」

    The previous numerical targets, including “70% or higher,” were changed to an expression referring to recovery to the level before the COVID-19 pandemic. The equity ratio declined to 27.7%.
  5. FY2025-H1WorsenedAnnual report

    「Equity ratio (%) 48.8 34.9 36.5」

    The equity ratio declined from 36.5% at the end of the previous fiscal year to 34.9% at the end of the interim period, remaining below the medium- to long-term target of 70% or higher.
  6. FY2024WorsenedAnnual report

    「We are targeting a stable equity ratio. Although the equity ratio has fallen to 36.5% due to the recognition of a substantial loss, over the medium to long term we will work to maintain it stably at 70% or higher, the level before the COVID-19 pandemic.」

    The equity ratio declined from 50.8% at the end of the previous fiscal year to 36.5%, widening the gap with the medium- to long-term target of 70% or higher.
  7. FY2024-Q3WorsenedAnnual report

    「Equity ratio (%) 54.3 44.0 50.8」

    The equity ratio was 44.0% at the end of the third quarter, down from 50.8% at the end of the previous fiscal year. It remained below the medium- to long-term target of 70% or higher.
  8. FY2024-Q2WorsenedAnnual report

    「Equity ratio (%) 59.3 48.8 50.8」

    The equity ratio was 48.8% at the end of the second quarter, below both 59.3% at the end of the second quarter of the previous fiscal year and 50.8% at the end of the previous fiscal year. It also remained below the medium- to long-term target of 70% or higher.
  9. FY2023WorsenedAnnual report

    「The equity ratio has fallen to 50.8% due to the recognition of a substantial loss, but over the medium to long term we will work to maintain it stably at 70% or higher, the level before the COVID-19 pandemic.」

    The equity ratio declined from 66.1% at the end of the previous fiscal year to 50.8%, below the medium- to long-term target of 70% or higher.
  10. FY2023-Q3WorsenedAnnual report

    「Equity ratio (%) 54.3 66.1」

    The equity ratio was 54.3% at the end of the third quarter, down from 66.1% at the end of the previous fiscal year.
  11. FY2023-Q2WorsenedAnnual report

    「Equity ratio 59.3 66.1」

    The equity ratio was 59.3% at the end of the second quarter, below both 66.1% at the end of the previous fiscal year and the medium- to long-term target of 70% or higher.
  12. FY2023-Q1WorsenedAnnual report

    「Equity ratio (%) 62.0 66.1」

    The equity ratio was 62.0% at the end of the quarter, down from 66.1% at the end of the previous fiscal year, and below the medium- to long-term target of 70% or higher.
  13. FY2022WorsenedAnnual report

    「The equity ratio has fallen to 63.6% due to the recognition of a substantial loss, but over the medium to long term we will work to maintain it stably at 70% or higher, the level before the COVID-19 pandemic.」

    The equity ratio declined from 65.2% at the end of the previous fiscal year to 63.6%, below the medium- to long-term target of 70% or higher.
  14. FY2022-Q3AdvancedAnnual report

    「Equity ratio (%) 57.5 65.0 65.2」

    The equity ratio was 65.0% at the end of the third quarter, up from 62.6% at the end of the previous quarter. However, it remained below the medium- to long-term target of 70% or higher.
  15. FY2022-Q2WorsenedAnnual report

    「Equity ratio (%) 70.6 62.6 65.2」

    The equity ratio was 62.6% at the end of the second quarter, below both 65.2% at the end of the previous consolidated fiscal year and the medium- to long-term target of 70% or higher.
  16. FY2022-Q1AdvancedAnnual report

    「Equity ratio (%) 73.1 68.0 65.2」

    The equity ratio was 68.0% at the end of the first quarter, up from 65.2% at the end of the previous consolidated fiscal year. However, it remained below the medium- to long-term target of 70% or higher.
  17. FY2021SoftenedAnnual report

    「The equity ratio has fallen to 65.2% due to the recognition of a substantial loss, but over the medium to long term we will work to maintain it stably at 70% or higher, above the level during the COVID-19 pandemic.」

    The medium- to long-term target changed from the previous 80% to 70% or higher. The equity ratio at period-end was 65.2%.
  18. FY2021-Q3WorsenedAnnual report

    「Equity ratio (%) 79.3 57.5 77.1」

    The equity ratio was 57.5% at the end of the third quarter, below both 77.1% at the end of the previous fiscal year and the medium- to long-term target of 80%.
  19. FY2021-Q2WorsenedAnnual report

    「Equity ratio (%) 78.2 70.6 77.1」

    The equity ratio was 70.6% at the end of the quarter, below both 77.1% at the end of the previous fiscal year and the medium- to long-term target of 80%.
  20. FY2021-Q1WorsenedAnnual report

    「Equity ratio (%) 78.8 73.1 77.1」

    The equity ratio was 73.1% at the end of the quarter, down from 77.1% at the end of the previous fiscal year and below the medium- to long-term target of 80%.
  21. FY2020WorsenedAnnual report

    「We are targeting a stable equity ratio and, following the formulation of the medium-term management plan, aim for 80% over the medium to long term. However, the ratio was 77.1% at the end of the fiscal year under review.」

    Against the medium- to long-term target of 80%, the equity ratio declined from 78.2% at the end of the previous fiscal year to 77.1%.
  22. FY2020-Q3AdvancedAnnual report

    「Equity ratio (%) 79.3 77.0 78.2」

    The equity ratio was 79.3% at the end of the third quarter, exceeding both the 78.2% ratio at the end of the previous quarter and the 78.2% ratio at the end of the previous fiscal year. However, it remained below the medium- to long-term target of 80%.
  23. FY2020-Q2WorsenedAnnual report

    「Equity ratio (%) 77.8 78.2 78.2」

    The equity ratio was 78.2% at the end of the quarter, down from 78.8% at the end of the immediately preceding quarter, and remained below the medium- to long-term target of 80%.
  24. FY2020-Q1AdvancedAnnual report

    「Equity ratio (%) 77.9 78.8 78.2」

    The equity ratio was 78.8% at the end of the quarter, up from 78.2% at the end of the previous fiscal year. However, it remained below the medium- to long-term target of 80%.
  25. FY2019SoftenedAnnual report

    「We are targeting a stable equity ratio and, following the formulation of the medium-term management plan, aim for 80% over the medium to long term. However, the ratio was 78.2% at the end of the fiscal year under review.」

    The medium- to long-term target changed from the previous 90.0% to 80%. The equity ratio was 78.2% at the end of the period.
  26. FY2019-Q3WorsenedAnnual report

    「Equity ratio 79.4 77.0 77.2」

    The equity ratio was 77.0% at the end of the quarter, down from 77.2% at the end of the previous fiscal year, and remained below the 90.0% target.
  27. FY2019-Q2WorsenedAnnual report

    「Equity ratio (%) 77.8 78.0 77.2」

    The equity ratio was 77.8% at the end of the quarter, slightly down from 77.9% at the end of the previous quarter, and remained below the 90.0% target.
  28. FY2019-Q1AdvancedAnnual report

    「Equity ratio 83.3 77.9 77.2」

    The equity ratio was 77.9% at the end of the quarter, up from 77.2% at the end of the previous fiscal year. However, it remained below the 90.0% target.
  29. FY2018WorsenedAnnual report

    「In addition, we aim to build a strong financial base and have adopted the equity ratio as a management indicator. Although the target is 90.0%, the ratio was 77.2% at the end of the fiscal year under review.」

    The equity ratio declined from 84.0% at the end of the previous fiscal year to 77.2%, widening the gap with the 90.0% target.
  30. FY2018-Q3AdvancedAnnual report

    「Equity ratio (%) 84.2 79.4 84.0」

    The equity ratio was 79.4% at the end of the third quarter, up from 78.0% at the end of the previous quarter. However, it remained below the previous target of 90.0%.
  31. FY2018-Q2WorsenedAnnual report

    「Equity ratio (%) 82.7 78.0 84.0」

    The equity ratio was 78.0% at the end of the quarter, down from 84.0% at the end of the previous fiscal year, widening the gap with the 90.0% target.
  32. FY2017First statedAnnual report

    「In addition, we aim to build a strong financial base and have adopted the equity ratio as a management indicator. Although the target is 90.0%, the ratio was 84.0% at the end of the fiscal year under review.」

    The equity ratio was adopted as a management indicator, with a target of 90.0% and the period-end ratio of 84.0% disclosed for the first time.
Moved together

"Impairment Losses Relating to Stores and Other Operations with Continuing Losses" moved the same way as this thread, in the same document, in 15 of its 34 moves.

151412111110★123456
  1. ★This thread
  2. 1Impairment Losses Relating to Stores and Other Operations with Continuing Losses15×
  3. 2Deterioration in Market Conditions Due to Cost-Consciousness, Diversifying Preferences, and Intensifying Sales Competition14×
  4. 3Achieving a 5.0% Operating Margin on Net Sales12×
  5. 4Lower Revenue and Earnings and a Decline in Net Income11×
  6. 5Lease Contract Cancellation Losses and Removal Costs Associated with Store Closures11×
  7. 6Risk of Declining Customer Traffic and Store Closures Due to COVID-1910×

★ 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 Kan-Nanmaru yet. It last moved in the General Meetings of Shareholders of 2026-09-04: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Building a Robust Financial Foundation with a Target Equity Ratio of 90.0% | KAN-NANMARU CORPORATION (7585) | Komori