Maintaining net DER below 1.0x
First written in FY2016. 24 of 35 entries say "Restated". Latest entry: 2026-08-04.
The whole theme swung hardest in 2024: 3 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- 2026-08-04WorsenedInvestor presentation
「Net DER 0.45 times 0.51 times +0.06 times」
Net DER increased from 0.45 times at the end of the previous fiscal year to 0.51 times. It nevertheless remained below the Medium-Term Management Plan target level of approximately 1.0 times. - FY2026MitigatedAnnual report
「As a result, the equity ratio attributable to owners of the parent (equity ratio) was 28.4%, and net interest-bearing debt to equity (net DER) was 0.45x.」
Net DER declined from 0.69x at the end of the previous fiscal year to 0.45x, falling below the target level of approximately 1.0x under the medium-term management plan. - FY2025MitigatedAnnual report
「As a result, the equity ratio attributable to owners of the parent (equity ratio) was 25.2%, and net interest-bearing debt to equity (net DER) was 0.69x.」
Net DER declined from 1.00x at the end of the previous fiscal year to 0.69x, falling below the approximately 1.0x target under integration 1.0. - FY2025-H1MitigatedAnnual report
「As a result, the equity ratio attributable to owners of the parent was 24.0%, and net interest-bearing debt to equity (net DER) was 0.82x.」
Net DER declined from 1.19x at the end of the previous quarter to 0.82x, falling below the previously stated level of less than 1.0x. - FY2024-Q2WorsenedAnnual report
「As a result, the equity ratio attributable to owners of the parent was 20.9%, and net interest-bearing debt to equity (net DER) was 1.19x.」
Net DER rose to 1.19x from 1.15x at the end of the previous consolidated fiscal year and 1.1x at the end of the previous quarter, increasing the extent to which it exceeded the previously stated level of less than 1.0x. - FY2024-Q1MitigatedAnnual report
「As a result, the equity ratio attributable to owners of the parent was 19.7%, and net interest-bearing debt to equity (net DER) was 1.1x.」
Net DER declined from 1.15x at the end of March 2023 to 1.1x, but remained above the previously stated level of less than 1.0x. - FY2023WorsenedAnnual report
「As a result, the equity ratio attributable to owners of the parent (equity ratio) was 19.0%, and net interest-bearing debt to equity (net DER) was 1.15x.」
Net DER was 1.15x, exceeding the previously stated level of less than 1.0x. The company cited borrowings and a decrease in capital surplus associated with the additional acquisition of shares in Kanematsu Electronics Ltd. and Kanematsu Sustech Corporation as the background. - FY2023-Q3RestatedAnnual report
「As a result, the equity ratio attributable to owners of the parent was 25.0%, and net interest-bearing debt to equity (net DER) was 0.5x.」
Net DER was 0.5x, remaining below the financial soundness threshold of 1.0x. - FY2023-Q2RestatedAnnual report
「As a result, the equity ratio attributable to owners of the parent was 25.6%, and net interest-bearing debt to equity (net DER) was 0.4x.」
Net DER was 0.4x, remaining below the financial soundness threshold of 1.0x. - FY2022RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent (equity ratio) was 25.1%, and the net debt-to-equity ratio (net DER) was 0.3x.」
Net debt-to-equity (net DER) was 0.3x, remaining below the financial soundness policy target of less than 1.0x. - FY2022-Q3RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 24.9%, and the net debt-to-equity ratio (net DER) was 0.4x.」
Net DER was 0.4x, remaining below the financial soundness threshold of 1.0x. - FY2022-Q2RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 26.4%, and the net debt-to-equity ratio (net DER) was 0.3x.」
Net DER was 0.3x, remaining below the financial soundness threshold of 1.0x. - FY2022-Q1RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 26.1%, and the net debt-to-equity ratio (net DER) was 0.3x.」
Net DER was 0.3x, remaining below the financial soundness threshold of 1.0x. - FY2021-Q3RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 25.1%, and the net debt-to-equity ratio (net DER) was 0.31x.」
Net DER was 0.31x, remaining below the financial soundness threshold of 1.0x. - FY2021-Q2RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 25.7%, and the net debt-to-equity ratio (net DER) was 0.3x.」
Net DER was 0.3x, remaining below the financial soundness threshold of 1.0x. - FY2021-Q1RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 24.7%, and the net debt-to-equity ratio (net DER) was 0.4x.」
Net DER was 0.4x, remaining below the financial soundness threshold of 1.0x. - FY2020-Q3RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent (equity ratio) was 22.8%, and the net debt-to-equity ratio (net DER) was 0.6x.」
Net DER was 0.6x, remaining below the financial soundness threshold of 1.0x. - FY2020-Q2RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 23.7%, and the net debt-to-equity ratio (net DER) was 0.5x.」
Net DER was 0.5x, remaining below the financial soundness threshold of 1.0x. - FY2020-Q1RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent (equity ratio) was 22.8%, and the net debt-to-equity ratio (net DER) was 0.6x.」
Net DER was 0.6x, remaining below the financial soundness threshold of 1.0x. - FY2019RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent (equity ratio) was 22.8%, and the net debt-to-equity ratio (net DER) was 0.4x.」
Net DER was 0.4x, remaining below the financial soundness threshold of 1.0x. - FY2019-Q3RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 22.2%, and the net debt-to-equity ratio (net DER) was 0.6x.」
Net DER was 0.6x at the end of the third quarter, remaining below the financial soundness threshold of 1.0x. - FY2019-Q2RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 23.2%, and the net debt-to-equity ratio (net DER) was 0.5x.」
Net DER was 0.5x, remaining below the financial soundness threshold of 1.0x. - FY2019-Q1RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 23.2%, and the net debt-to-equity ratio (net DER) was 0.5x.」
Net DER was 0.5x, remaining below the financial soundness threshold of 1.0x. - FY2018RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent (equity ratio) was 22.3%, and the net debt-to-equity ratio (net DER) was 0.5x, maintaining the company's financial soundness.」
Net DER was 0.5x, remaining below the financial soundness threshold of 1.0x. - FY2018-Q3RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 22.3%, and the net debt-to-equity ratio (net DER) was 0.5x.」
Net DER was 0.5x, remaining below the VISION-130 target of 1.0x. - FY2018-Q2RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 22.4%, and the net debt-to-equity ratio (net DER) was 0.5x.」
Net DER was 0.5x, remaining below the 1.0x threshold set in VISION-130. - FY2018-Q1RestatedAnnual report
「As a result, the ratio of equity attributable to owners of the parent was 22.4%, and the net debt-to-equity ratio (net DER) was 0.6x.」
Net DER was 0.6x, remaining below the VISION-130 target of 1.0x. - FY2017RestatedAnnual report
「The medium-term vision VISION-130, revisions to which were announced on 10 May 2016, also sets a target of maintaining net DER below 1.0x, and the company will expand its businesses within its financial capacity. As a result, the ratio of equity attributable to owners of the parent (equity ratio) improved by 0.3 percentage points from the end of the previous consolidated fiscal year to 20.9%, while net DER was 0.6x.」
The company maintained its target of net DER below 1.0x, with the actual figure at the end of the fiscal year standing at 0.6x. - FY2017-Q3RestatedAnnual report
「As a result, the equity ratio was 20.9%, and the net debt-to-equity ratio (net DER) was 0.6x.」
Net DER was 0.6x at the end of the third quarter, remaining below the 1.0x threshold set in VISION-130. - FY2017-Q2RestatedAnnual report
「As a result, the equity ratio was 20.2%, and the net debt-to-equity ratio (net DER) was 0.6x.」
Net DER was 0.6x, remaining below the 1.0x threshold set in VISION-130. - FY2017-Q1RestatedAnnual report
「As a result, the equity ratio was 19.9%, and the net debt-to-equity ratio (net DER) was 0.7x.」
Net DER was 0.7x, remaining below the 1.0x threshold set in VISION-130. - FY2016First statedAnnual report
「The medium-term vision VISION-130, revisions to which were announced on 10 May 2016, also sets a target of maintaining net DER below 1.0x, and the company will expand its businesses within its financial capacity.」
Net DER was 0.5x at the end of the fiscal year. The company positions it as a capital management indicator for balancing its financial foundation with business expansion.