Maintaining Financial Discipline with a Focus on the D/E Ratio
First written in FY2017-Q1. 10 of 17 entries say "Restated". Latest entry: 2026-07-31.
Heiwa Real Estate moved to the "Worse" side of this theme in 2024.
The whole theme swung hardest in 2024: 3 of 14 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- 2026-07-31OtherFinancial Results Presentation
「Net D/E ratio: 2.0x (as of the end of June 2026)」
The net D/E ratio increased from 1.9x at the end of the prior fiscal year to 2.0x, reaching the approximate 2.0x level used as a reference indicator in the new medium-term management plan. - FY2026RestatedAnnual report
「At the end of the fiscal year, interest-bearing debt stood at ¥272.683 billion and the net D/E ratio was 1.9x. The medium-term management plan, “WAY 2040 Stage 1,” uses a net D/E ratio of approximately 2.0x as a reference indicator for financial soundness, and the ratio remained within that range.」
Although interest-bearing debt increased, the company explained that the net D/E ratio of 1.9x remained within the range of the reference indicator of approximately 2.0x, reaffirming its financial discipline policy. - FY2025WorsenedAnnual report
「At the end of the fiscal year, interest-bearing debt stood at ¥254.072 billion and the net D/E ratio was 1.9x. The medium-term management plan, “WAY 2040 Stage 1,” uses a net D/E ratio of approximately 2.0x as a reference indicator for financial soundness, and the ratio remained within that range.」
Interest-bearing debt increased from ¥231.323 billion at the end of the previous fiscal year to ¥254.072 billion, and the net D/E ratio rose from 1.6x to 1.9x. The company considers this to be within the range of the reference indicator of approximately 2.0x. - FY2024SoftenedAnnual report
「*Reference indicator (financial soundness): net D/E ratio of approximately 2.0x」
The reference indicator in the new medium-term management plan changed from a net D/E ratio of 1.8x or lower under the previous medium-term management plan to approximately 2.0x. Meanwhile, the actual ratio at the end of the fiscal year was 1.6x. - FY2023RestatedAnnual report
「At the end of the fiscal year, interest-bearing debt stood at ¥226.895 billion and the net D/E ratio was 1.7x. The medium-term management plan, “Challenge & Progress,” sets a net D/E ratio of 1.8x or lower as a quantitative target, and the ratio remained within that range.」
The policy of using the net D/E ratio as an indicator of financial discipline and maintaining it within the planned level of 1.8x or lower has been reaffirmed, along with the actual ratio of 1.7x. - FY2020SoftenedAnnual report
「(Reference) Financial soundness: net D/E ratio of 1.8x or lower」
The reference indicator in the new medium-term management plan changed from a net D/E ratio of 1.5x or lower to 1.8x or lower. - FY2019-Q3RestatedAnnual report
「We will position the D/E ratio as an indicator of financial discipline and make maintaining it at an appropriate level our basic policy. (Net D/E ratio: 1.5x or lower)」
The policy of using the D/E ratio as an indicator of financial discipline and maintaining the net D/E ratio at 1.5x or lower has been reiterated. - FY2019-Q2RestatedAnnual report
「We will position the D/E ratio as an indicator of financial discipline and make maintaining it at an appropriate level our basic policy. (Net D/E ratio: 1.5x or lower)」
The policy of using the D/E ratio as an indicator of financial discipline and maintaining the net D/E ratio at 1.5x or lower has been reiterated. - FY2019-Q1Explicit net D/E ratio benchmarkAnnual report
「We will position the D/E ratio as an indicator of financial discipline and make maintaining it at an appropriate level our basic policy. (Net D/E ratio: 1.5x or lower)」
In addition to the previous policy of using the D/E ratio as an indicator of financial discipline, a net D/E ratio of 1.5x or lower has been specified. - FY2018-Q3RestatedAnnual report
「A sound financial position is necessary to advance redevelopment projects over the medium to long term, and we will maintain financial discipline with a focus on the D/E ratio.」
The commitment to maintaining financial discipline focused on a sound financial position and the D/E ratio to support long-term redevelopment has been reiterated. - FY2018-Q2RestatedAnnual report
「A sound financial position is necessary to advance redevelopment projects over the medium to long term, and we will maintain financial discipline with a focus on the D/E ratio.」
The commitment to maintaining financial discipline focused on a sound financial position and the D/E ratio to support long-term redevelopment has been reiterated. - FY2018-Q1RestatedAnnual report
「A sound financial position is necessary to advance redevelopment projects over the medium to long term, and we will maintain financial discipline with a focus on the D/E ratio.」
The commitment to maintaining financial discipline focused on a sound financial position and the D/E ratio to support long-term redevelopment has been reiterated. - FY2017RestatedAnnual report
「We will position the D/E ratio as an indicator of financial discipline and make maintaining it at an appropriate level our basic policy.」
The policy of maintaining the D/E ratio at an appropriate level as an indicator of financial discipline has been reaffirmed. The actual ratio declined from 1.7x to 1.6x. - FY2017-Q2RestatedAnnual report
「A sound financial position is necessary to advance redevelopment projects over the medium to long term, and we will maintain financial discipline with a focus on the D/E ratio.」
The commitment to maintaining financial discipline focused on a sound financial position and the D/E ratio to support long-term redevelopment has been reiterated. - FY2017-Q1First statedAnnual report
「A sound financial position is necessary to advance redevelopment projects over the medium to long term, and we will maintain financial discipline with a focus on the D/E ratio.」
This indicates a commitment to maintaining a sound financial position to support long-term redevelopment and to focusing on the D/E ratio.