Decline in Equity Ratio and Net Assets
First written in FY2018. 15 of 29 entries say "Mitigated", first in FY2019-Q1. Latest entry: 2026-09-10.
Top Culture moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 6 of 14 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- 2026-09-10MitigatedEarnings
「Net assets increased by ¥1,550 million from the end of the previous consolidated fiscal year to ¥2,323 million.」
Net assets improved from ¥772 million to ¥2,323 million, while the equity ratio improved from 4.9% to 13.0%. - FY2026-H1MitigatedAnnual report
「Net assets (¥ thousands) 1,298,460 1,531,010 772,742 Equity ratio (%) 8.5 8.3 4.9」
At the end of April 2026, net assets were ¥1,531 million and the equity ratio was 8.3%, improving from ¥772 million and 4.9%, respectively, at the end of the previous fiscal year. However, the equity ratio remained below the 8.5% recorded in the same period of the previous year. - FY2025WorsenedAnnual report
「Net assets (¥ thousands) 3,070,592 1,298,460 1,617,769 Equity ratio (%) 16.4 8.5 10.0」
At the end of October 2025, net assets were ¥772.742 million and the equity ratio was 4.9%, indicating a further deterioration in the financial base from ¥1,617.769 million and 10.0%, respectively, at the end of the previous fiscal year. - FY2025-H1WorsenedAnnual report
「Net assets (¥ thousands) 3,070,592 1,298,460 1,617,769 Equity ratio (%) 16.4 8.5 10.0」
At the end of April 2025, net assets were ¥1,298 million and the equity ratio was 8.5%, down from ¥1,618 million and 10.0%, respectively, at the end of the previous fiscal year. The deterioration of the financial base is accelerating. - FY2024WorsenedAnnual report
「Net assets (¥ thousands) 3,401,951 2,510,233 1,617,769 Equity ratio (%) 18.5 14.3 10.0」
Net assets decreased from ¥2,510 million to ¥1,618 million, while the equity ratio declined from 14.3% to 10.0%. - FY2024-Q2WorsenedAnnual report
「Net assets (¥ thousands) 3,070,592 2,186,185 2,510,233 Equity ratio (%) 16.4 12.4 14.3」
At the end of the second quarter, net assets were ¥2,186 million and the equity ratio was 12.4%, down from ¥2,510 million and 14.3%, respectively, at the end of the previous fiscal year. - FY2024-Q1WorsenedAnnual report
「Net assets (¥ thousands) 3,311,532 2,347,345 2,510,233 Equity ratio (%) 17.7 13.0 14.3」
At the end of the first quarter, net assets were ¥2,347 million and the equity ratio was 13.0%, down from ¥2,510 million and 14.3%, respectively, at the end of the previous fiscal year. - FY2023WorsenedAnnual report
「Net assets (¥ thousands) 3,401,951 2,510,233 Equity ratio (%) 18.5 14.3」
Net assets decreased from ¥3,401 million in the previous fiscal year to ¥2,510 million, while the equity ratio declined from 18.5% to 14.3%. - FY2023-Q3WorsenedAnnual report
「Net assets (¥ thousands) 3,718,932 2,641,619 3,401,951 Equity ratio (%) 20.8 15.1 18.5」
At the end of the third quarter, net assets were ¥2,641 million and the equity ratio was 15.1%, down from ¥3,402 million and 18.5%, respectively, at the end of the previous fiscal year. - FY2023-Q2WorsenedAnnual report
「Net assets (¥ thousands) 3,789,879 3,070,592 3,401,951 Equity ratio (%) 20.7 16.4 18.5」
At the end of the second quarter, net assets were ¥3,070 million and the equity ratio was 16.4%, down from ¥3,402 million and 18.5%, respectively, at the end of the previous fiscal year. - FY2023-Q1WorsenedAnnual report
「Net assets (¥ thousand) 3,899,054 3,311,532 3,401,951 Equity ratio (%) 21.5 17.7 18.5」
The equity ratio declined from 21.5% in the same period of the previous year to 17.7%, while net assets decreased from ¥3,899 million to ¥3,312 million. - FY2022-Q3Slight Increase in Equity Ratio and Decline in Net AssetsAnnual report
「Net assets 1,859,910 3,718,932 3,809,150 Equity ratio (%) 9.4 20.8 20.6」
While the equity ratio edged up from 20.6% at the end of the previous fiscal year to 20.8%, net assets declined from ¥3,809 million to ¥3,718 million. - FY2022-Q2Slight Decline in Equity Ratio and Net AssetsAnnual report
「Net assets 3,806,253 3,789,879 3,809,150 Equity ratio (%) 19.3 20.7 20.6」
At the end of the second quarter, net assets were ¥3,789 million and the equity ratio was 20.7%. While both were down from net assets of ¥3,899 million and an equity ratio of 21.5% at the end of the previous quarter, the equity ratio was slightly higher than at the end of the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「Net assets ¥3,899,054 thousand Equity ratio (%) 18.3 21.5 20.6」
The equity ratio rose from 20.6% at the end of the previous fiscal year to 21.5%, while net assets also increased to ¥3,899 million. - FY2021MitigatedAnnual report
「Equity ratio (%) 18.9 12.7 15.1 17.9 20.6」
The equity ratio rose from 17.9% in the previous fiscal year to 20.6%, and indicators of the financial base improved through capital raising, including the issuance of preferred shares. - FY2021-Q3WorsenedAnnual report
「Net assets (¥ thousand) 3,704,052 1,859,910 3,646,731 Equity ratio (%) 15.9 9.4 17.9」
The equity ratio fell from 15.9% in the same period of the previous year to 9.4%, while net assets decreased from ¥3,704 million to ¥1,859 million. - FY2021-Q2MitigatedAnnual report
「Equity ratio (%) 16.7 19.3 17.9」
The equity ratio rose from 17.9% at the end of the previous consolidated fiscal year to 19.3%, while net assets also increased to ¥3,806 million. - FY2021-Q1MitigatedAnnual report
「Equity ratio (%) 16.3 18.3 17.9」
The equity ratio rose from 17.9% at the end of the previous fiscal year to 18.3%, while net assets also increased to ¥3,774 million, continuing the improvement in the financial base. - FY2020MitigatedAnnual report
「Equity ratio (%) 29.3 18.9 12.7 15.1 17.9」
The equity ratio rose from 15.1% in the previous fiscal year to 17.9%, while net assets also increased to ¥3,646 million, continuing the improvement in the financial base. - FY2020-Q3MitigatedAnnual report
「Equity ratio (%) 14.4 15.9 15.1」
The equity ratio rose from 15.1% at the end of the previous consolidated fiscal year to 15.9%, while net assets also increased to ¥3,704 million, continuing the improvement in the financial base. - FY2020-Q2MitigatedAnnual report
「Equity ratio (%) 16.7 15.1」
The equity ratio rose from 15.1% at the end of the previous consolidated fiscal year to 16.7%, while net assets also increased to ¥3,588 million. - FY2020-Q1MitigatedAnnual report
「Equity ratio (%) 13.0 16.3 15.1」
The equity ratio rose from 15.1% at the end of the previous consolidated fiscal year to 16.3%, while net assets also increased to ¥3,383 million, indicating an improvement from the downward trend in the financial base. - FY2019MitigatedAnnual report
「Equity ratio (%) 25.2 29.3 18.9 12.7 15.1 Net assets (¥ thousand) 7,047,166 7,227,627 4,611,853 3,136,690 3,273,472」
The equity ratio rose from 12.7% in the previous fiscal year to 15.1%, while net assets increased by ¥136 million to ¥3,273 million. - FY2019-Q3MitigatedAnnual report
「Equity ratio (%) 11.9 14.4 12.7 Net assets (¥ thousand) 3,120,386 3,175,217 3,136,690」
The equity ratio rose from 12.7% at the end of the previous consolidated fiscal year to 14.4%, while net assets increased by ¥38 million from the previous fiscal year-end to ¥3,175 million. - FY2019-Q2Decline in Equity Ratio and Increase in Net AssetsAnnual report
「Equity ratio (%) 12.2 12.4 12.7」
While the equity ratio fell from 12.7% at the end of the previous consolidated fiscal year to 12.4%, net assets increased by ¥57 million from the previous consolidated fiscal year-end to ¥3,193 million. - FY2019-Q1MitigatedAnnual report
「Equity ratio (%) 18.6 13.0 12.7 Net assets increased by ¥30 million from the end of the previous consolidated fiscal year to ¥3,167 million.」
The equity ratio rose from 12.7% at the end of the previous fiscal year to 13.0%, while net assets increased by ¥30 million from the previous fiscal year-end, indicating a slight improvement from the deterioration in the financial base reported for the immediately preceding period. - FY2018First statedAnnual report
「Equity ratio (%) 27.8 25.2 29.3 18.9 12.7 Net assets were ¥3,136 million, down ¥1,475 million from the previous fiscal year.」
The equity ratio fell from 18.9% in the previous fiscal year to 12.7%, while net assets also decreased by ¥1,475 million year on year, providing a new data point indicating deterioration in the financial base.