Reduction in Interest-Bearing Debt and Improvement in Equity Ratio
First written in FY2017. 13 of 30 entries say "Advanced", first in FY2018-Q3. Latest entry: 2026-08-13.
YAMATO Mobility & Mfg. moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
20 other companies' latest entry also says "Worsened".
- 2026-08-13WorsenedEarnings
「The equity ratio was 10.1%, a decrease of 1.0 percentage point from the end of the previous consolidated fiscal year.」
The equity ratio declined from 11.1% at the end of the previous consolidated fiscal year to 10.1% as net assets decreased. - FY2026WorsenedAnnual report
「Equity ratio (%) 15.0 18.5 18.3 18.7 11.1」
The equity ratio decreased from 18.7% in the previous fiscal year to 11.1%, while net assets decreased from ¥1,411 million to ¥569 million. Although interest-bearing debt decreased, the overall financial indicators deteriorated. - 2026-05-15OtherFinancial results presentation
「Short-term borrowings: +348」
Short-term borrowings increased, while long-term borrowings declined by ¥683 million and total net assets declined by ¥654 million. Both improvements and deterioration were reported among the indicators of financial strength. - FY2026-H1Decrease in total liabilities and long-term borrowings, alongside an increase in short-term borrowings and a decrease in net assetsAnnual report
「Total liabilities were ¥4,601 million, down ¥1,521 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥1,212 million in notes and accounts payable, trade, and ¥605 million in long-term borrowings, partly offset by a ¥435 million increase in short-term borrowings. Total net assets were ¥1,087 million, down ¥324 million from the end of the previous consolidated fiscal year.」
Total liabilities and long-term borrowings decreased, while short-term borrowings increased and net assets decreased ¥324 million. The equity ratio rose from 18.7% to 19.1%. - FY2025AdvancedAnnual report
「Although the company is working to optimize interest-bearing debt and related items,」
The balance of interest-bearing debt decreased from ¥3,543 million at the end of the previous fiscal year to ¥3,195 million, while the equity ratio rose from 18.3% to 18.7%. The disclosed financial indicators show a measurable improvement in financial strength. - FY2025-H1AdvancedAnnual report
「Total liabilities were ¥6,314 million, down ¥694 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥367 million in notes and accounts payable, trade, ¥102 million in long-term borrowings, and ¥73 million in short-term borrowings. Total net assets were ¥1,797 million, up ¥225 million from the end of the previous consolidated fiscal year.」
Total liabilities, long-term borrowings and short-term borrowings decreased from the end of the previous consolidated fiscal year, while net assets increased ¥225 million. The equity ratio among the key indicators also rose from 18.3% to 22.1%, indicating a measurable improvement in financial strength. - FY2024-Q3AdvancedAnnual report
「Total liabilities were ¥6,643 million, down ¥437 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥322 million in notes and accounts payable, trade, and ¥242 million in long-term borrowings.」
Total liabilities decreased ¥437 million and long-term borrowings decreased ¥242 million from the end of the previous consolidated fiscal year. The equity ratio also rose from 18.5% to 19.4%, indicating an improvement in reducing interest-bearing debt and raising the equity ratio. - FY2024-Q2AdvancedAnnual report
「Total liabilities were ¥6,586 million, down ¥494 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥410 million in notes and accounts payable, trade, and ¥213 million in long-term borrowings.」
Total liabilities decreased ¥494 million and long-term borrowings decreased ¥213 million from the end of the previous consolidated fiscal year. The equity ratio also rose from 18.5% to 19.0%, indicating a measurable improvement in financial strength. - FY2024-Q1AdvancedAnnual report
「Total liabilities were ¥6,248 million, down ¥832 million from the end of the previous consolidated fiscal year. This was mainly due to an ¥839 million decrease in notes and accounts payable, trade.」
Total liabilities decreased ¥832 million from the end of the previous consolidated fiscal year, while the equity ratio rose from 18.5% to 19.9%. The disclosed indicators show an improvement in reducing interest-bearing debt and raising the equity ratio. - FY2023-Q3AdvancedAnnual report
「Total net assets were ¥1,667 million, up ¥440 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥296 million in the foreign currency translation adjustment account and ¥102 million each in share capital and capital surplus.」
Net assets increased ¥440 million from the end of the previous fiscal year, including increases in share capital and capital surplus resulting from a third-party allotment. The equity ratio among the key indicators also rose from 15.0% to 18.4%. - FY2023-Q2AdvancedAnnual report
「Total liabilities were ¥6,772 million, down ¥155 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥99 million in notes and accounts payable, trade, ¥24 million in electronically recorded obligations, and ¥26 million in short-term borrowings.」
Total liabilities and short-term borrowings decreased from the end of the previous consolidated fiscal year, while the equity ratio rose from 15.0% to 16.3%. The disclosed indicators show an improvement in financial strength and a reduction in interest-bearing debt. - FY2023-Q1AdvancedAnnual report
「Total liabilities were ¥6,723 million, down ¥204 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥327 million decrease in notes and accounts payable, trade, and a ¥73 million increase in long-term borrowings.」
Total liabilities decreased ¥204 million from the end of the previous consolidated fiscal year, while the equity ratio rose from 15.0% to 15.7%. Long-term borrowings increased ¥73 million, indicating a change in the composition of borrowings. - FY2022Interest-bearing debt decreased, but the equity ratio declinedAnnual report
「At the end of the current consolidated fiscal year, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,856 million, while cash and cash equivalents amounted to ¥1,959 million.」
Interest-bearing debt decreased from ¥4,333 million at the end of the previous fiscal year to ¥3,856 million, while the equity ratio declined from 15.4% to 15.0%, with the indicators moving in opposite directions relative to the objectives. - FY2022-Q3AdvancedAnnual report
「Total liabilities amounted to ¥6,934 million, a decrease of ¥353 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥157 million increase in electronically recorded obligations, a ¥411 million decrease in short-term borrowings, and a ¥74 million decrease in long-term borrowings.」
Total liabilities decreased by ¥353 million from the end of the previous fiscal year, while short-term borrowings decreased by ¥411 million and long-term borrowings by ¥74 million. The disclosure indicates measurable improvement in the reduction of interest-bearing debt. - FY2022-Q2AdvancedAnnual report
「Total liabilities amounted to ¥6,716 million, a decrease of ¥571 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥176 million decrease in notes and accounts payable and a ¥344 million decrease in short-term borrowings.」
Total liabilities decreased by ¥571 million from the end of the previous consolidated fiscal year, and short-term borrowings also decreased by ¥344 million. The equity ratio increased from 15.4% at the previous fiscal year-end to 16.2%, indicating improvement in the indicators related to reducing interest-bearing debt and improving the equity ratio. - FY2022-Q1AdvancedAnnual report
「Total liabilities amounted to ¥6,790 million, a decrease of ¥498 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥135 million decrease in notes and accounts payable and a ¥324 million decrease in short-term borrowings. Equity ratio (%) 22.0 16.6 15.4」
Total liabilities, including short-term borrowings, decreased from the end of the previous consolidated fiscal year, while the equity ratio increased from 15.4% at the previous fiscal year-end to 16.6%. The indicators improved relative to the objectives of strengthening the financial position and reducing interest-bearing debt. - FY2021WorsenedAnnual report
「Equity ratio (%) 29.0 27.7 22.8 20.5 15.4」
The equity ratio declined from 20.5% in the previous fiscal year to 15.4%. Long-term borrowings also increased from ¥1,893 million at the end of the previous fiscal year to ¥2,511 million, indicating deterioration relative to the objectives of reducing interest-bearing debt and improving the equity ratio. - FY2021-Q3WorsenedAnnual report
「Total net assets amounted to ¥1,519 million, a decrease of ¥411 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥390 million decrease in retained earnings.」
Net assets decreased by ¥411 million from the end of the previous consolidated fiscal year, while the equity ratio also declined from 20.5% to 17.7%. Long-term borrowings increased by ¥657 million, indicating deterioration relative to the objective of strengthening the financial position. - FY2021-Q1The equity ratio rose while net assets declinedAnnual report
「Total net assets amounted to ¥1,721 million, a decrease of ¥209 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥189 million decrease in retained earnings.」
While net assets decreased by ¥209 million from the end of the previous consolidated fiscal year, the equity ratio increased from 20.5% to 22.0%. The indicators moved in opposite directions relative to the objective of strengthening the financial position. - FY2020WorsenedAnnual report
「Equity ratio (%) 22.8 20.5」
The equity ratio declined from 22.8% in the previous fiscal year to 20.5%. Interest-bearing debt also increased in terms of the balance at fiscal year-end, due in part to an increase in long-term borrowings, indicating deterioration in the indicators related to the objective of strengthening the financial position. - FY2020-Q3WorsenedAnnual report
「Total net assets amounted to ¥1,853 million, a decrease of ¥44 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥65 million increase in retained earnings and a ¥95 million decrease in the foreign currency translation adjustment account.」
In relation to the objectives of strengthening the financial position and improving the equity ratio, net assets decreased from ¥1,897 million at the end of the previous consolidated fiscal year to ¥1,853 million, while the equity ratio also declined from 22.8% to 21.4%. Although long-term borrowings decreased, total liabilities increased. - FY2020-Q2Borrowings decreased while the equity ratio declinedAnnual report
「Total liabilities amounted to ¥6,236 million, a decrease of ¥189 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥220 million decrease in long-term borrowings.」
While liabilities, including long-term borrowings, decreased, net assets declined by ¥106 million from the end of the previous consolidated fiscal year, and the equity ratio also fell from 22.8% to 22.1%. - FY2020-Q1AdvancedAnnual report
「Total liabilities amounted to ¥6,014 million, a decrease of ¥412 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥118 million decrease in short-term borrowings and a ¥148 million decrease in long-term borrowings.」
Short-term and long-term borrowings decreased from the end of the previous consolidated fiscal year, while the equity ratio increased from 22.8% to 23.6%. Meanwhile, total net assets decreased by ¥24 million. - FY2019-Q3WorsenedAnnual report
「Total net assets amounted to ¥2,133 million, a decrease of ¥212 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥100 million decrease in retained earnings and a ¥100 million decrease in the foreign currency translation adjustment account.」
In relation to the objectives of strengthening the financial position and improving the equity ratio, net assets decreased from ¥2,345 million at the end of the previous consolidated fiscal year to ¥2,133 million, while the equity ratio also declined from 27.7% to 24.2%. Short-term borrowings increased by ¥753 million. - FY2019-Q2WorsenedAnnual report
「Total net assets amounted to ¥2,146 million, a decrease of ¥199 million from the end of the previous consolidated fiscal year. This was mainly due to an ¥83 million decrease in retained earnings and a ¥113 million decrease in the foreign currency translation adjustment account.」
In relation to the objectives of strengthening the financial position and improving the equity ratio, net assets decreased from ¥2,345 million at the end of the previous fiscal year to ¥2,146 million, while the equity ratio also declined from 27.7% to 23.5%. Short-term borrowings increased by ¥971 million. - FY2019-Q1WorsenedAnnual report
「Total net assets amounted to ¥2,170 million, a decrease of ¥174 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥54 million decrease in retained earnings and a ¥118 million decrease in the foreign currency translation adjustment account.」
In relation to the objectives of strengthening the financial position and improving the equity ratio, net assets decreased from ¥2,345 million at the end of the previous consolidated fiscal year to ¥2,170 million, while the equity ratio also declined from 27.7% to 25.7%. Short-term borrowings increased by ¥298 million. - FY2018WorsenedAnnual report
「In seeking to increase corporate value, the Group positions revenue, operating profit margin, ordinary profit margin, and ROE (return on shareholders’ equity) as important management indicators and is working to improve them, while also working to reduce interest-bearing debt and improve the equity ratio as part of strengthening its financial position.」
Although the policy objective continues, the consolidated equity ratio declined from 29.0% to 27.6%, and total net assets decreased from ¥2,557 million to ¥2,345 million. - FY2018-Q3AdvancedAnnual report
「To eliminate the loss carried forward from the previous fiscal year and promptly improve the financial position, we will reduce part of the stated capital and apply the reduction in full to cover the deficit.」
For the consolidated subsidiary, a capital reduction plan was presented under which stated capital would be reduced by ¥190 million, from ¥220 million to ¥30 million, with the reduction taking effect on 1 March 2018. Specific measures, amounts, and a deadline for covering the deficit and improving the financial position were stated for the first time. - FY2018-Q2Deterioration in financial indicatorsAnnual report
「Total net assets amounted to ¥2,429 million, a decrease of ¥128 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥61 million decrease in retained earnings and a ¥72 million decrease in the foreign currency translation adjustment account.」
In relation to the objective of strengthening the financial position, net assets decreased by ¥128 million from the end of the previous consolidated fiscal year, while the equity ratio also declined from 29.0% to 27.6%. - FY2017First statedAnnual report
「As part of strengthening our financial position, we are also working to reduce interest-bearing debt and improve the equity ratio.」
Reducing interest-bearing debt and improving the equity ratio have been identified for the first time as specific directions for strengthening the financial position.