Targets for Net D/E Ratio and Financial Position
First written in FY2016. 3 of 27 entries say "Achieved", first in 2026-05-12. Latest entry: FY2026.
3 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「Against the management targets for the final year of operating profit of ¥10 billion, an operating margin of 6% and an equity ratio of 30%, actual results were operating profit of ¥12.53 billion, an operating margin of 8.4% and an equity ratio of 30.6%, achieving all management targets.」
For the 30% equity ratio target under Medium-Term Management Plan 2026, the actual result for the fiscal year ended March 2026 was 30.6%. Achievement of all targets, including operating profit and operating margin, was disclosed. - FY2025Annual update of financial metricsAnnual report
「Fiscal year ending March | FY2023 | FY2024 | FY2025 Results | Results | Consolidated forecast | Results | Versus consolidated forecast Equity ratio | 26.0% | 25.7% | — | 27.9% | — Net interest-bearing debt | ¥57.4 billion | ¥66.3 billion | — | ¥75.1 billion | — Net debt-to-equity ratio | 1.4x | 1.5x | — | 1.5x | —」
The equity ratio improved to 27.9% in the fiscal year ended March 2025, while net interest-bearing debt increased to ¥75.1 billion and the net debt-to-equity ratio remained at 1.5x. - FY2025-H1Higher interim equity ratioAnnual report
「The equity ratio at the end of the interim consolidated period was 27.92%.」
The equity ratio increased from 25.75% at the end of the previous consolidated fiscal year to 27.92%. No change to the target itself of achieving an equity ratio of 30% in the final year of Medium-Term Management Plan 2026 was indicated. - FY2024Annual financial metric disclosureAnnual report
「Fiscal year ending March | FY2022 | FY2023 | FY2024 Results | Results | Consolidated forecast | Results | Versus consolidated forecast Equity ratio | 24.8% | 26.0% | — | 25.7% | — Net interest-bearing debt | ¥51.4 billion | ¥57.4 billion | — | ¥66.3 billion | — Net debt-to-equity ratio | 1.4x | 1.4x | — | 1.5x | —」
For the fiscal year ended March 2024, the company disclosed an equity ratio of 25.7%, net interest-bearing debt of ¥66.3 billion and a net debt-to-equity ratio of 1.5x against the 30% financial target under Medium-Term Management Plan 2026. - FY2024-Q3Decline in the Equity RatioAnnual report
「The equity ratio at the end of the third quarter of the current consolidated fiscal year was 23.78%.」
The equity ratio declined from 25.96% at the end of the previous consolidated fiscal year to 23.78%. No change to the target itself of achieving an equity ratio of 30% in the final year of Medium-Term Management Plan 2026 was indicated. - FY2024-Q2Higher equity ratioAnnual report
「The equity ratio at the end of the second quarter of the current consolidated fiscal year was 26.52%.」
The equity ratio increased from 25.96% at the end of the previous consolidated fiscal year to 26.52%. No change to the target itself of achieving an equity ratio of 30% in the final year of Medium-Term Management Plan 2026 was indicated. - FY2024-Q1Slight decline in the equity ratioAnnual report
「The equity ratio at the end of the first quarter of the current consolidated fiscal year was 25.90%.」
The equity ratio declined slightly from 25.96% at the end of the previous consolidated fiscal year to 25.90%. No change to the target itself of achieving an equity ratio of 30% in the final year of Medium-Term Management Plan 2026 was indicated. - FY2023Improving the Equity RatioAnnual report
「In the final year of Medium-Term Management Plan 2026, the company will seek to improve the equity ratio to 30%, expand investment capacity and strengthen risk resilience.」
While maintaining the target equity ratio of 30% for the fiscal year ending March 2027, the actual equity ratio for the fiscal year ended March 2023 improved to 25.96% from 24.81% in the previous fiscal year. - FY2023-Q3Decline in the Equity RatioAnnual report
「The equity ratio at the end of the third quarter of the current consolidated fiscal year was 21.22%.」
The equity ratio declined 3.59 percentage points from 24.81% at the end of the previous consolidated fiscal year to 21.22%. No change to the target itself of achieving an equity ratio of 30% in the final year of Medium-Term Management Plan 2026 was stated. - FY2023-Q2Decline in the Equity RatioAnnual report
「The equity ratio at the end of the second quarter of the current consolidated fiscal year was 22.78%.」
The equity ratio declined 2.03 percentage points from 24.81% at the end of the previous consolidated fiscal year to 22.78%. No change to the 30% equity ratio target under Medium-Term Management Plan 2026 was stated. - FY2023-Q1Decline in the Equity RatioAnnual report
「The equity ratio at the end of the first quarter of the current consolidated fiscal year was 22.16%.」
The equity ratio declined 2.65 percentage points from 24.81% at the end of the previous consolidated fiscal year to 22.16%. No change to the target itself of achieving an equity ratio of 30% in the final year of Medium-Term Management Plan 2026 was stated. - FY2022ReframedAnnual report
「In the final year of Medium-Term Management Plan 2026, the company will seek to improve the equity ratio to 30%, expand investment capacity and strengthen risk resilience.」
In place of the withdrawn financial targets under Medium-Term Management Plan 2021, the company set a target equity ratio of 30% for the fiscal year ending March 2027, the final year of the plan, along with measures to strengthen its financial position. - FY2022-Q3Decline in the Equity RatioAnnual report
「The equity ratio at the end of the third quarter of the current consolidated fiscal year was 21.73%.」
The equity ratio declined from 24.00% at the end of the previous consolidated fiscal year to 21.73%. The financial targets themselves had been withdrawn in the previous fiscal year. - FY2022-Q2Higher equity ratioAnnual report
「The equity ratio at the end of the second quarter of the current consolidated fiscal year was 24.62%.」
The equity ratio increased from 24.00% at the end of the previous consolidated fiscal year to 24.62%. The financial targets themselves had been withdrawn in the previous fiscal year. - FY2021DroppedAnnual report
「In addition, the financial targets were withdrawn due to a substantial change in the profit targets.」
The withdrawal of the financial targets under Medium-Term Management Plan 2021 was explicitly stated. - FY2021-Q3Quarterly decline in the equity ratioAnnual report
「The equity ratio at the end of the third quarter of the current consolidated fiscal year was 21.44%.」
The equity ratio was 21.44% at the end of the third quarter, below both 22.34% at the end of the previous fiscal year and 21.72% at the end of the previous second quarter. - FY2021-Q2Quarterly increase in the equity ratioAnnual report
「The equity ratio at the end of the second quarter of the current consolidated fiscal year was 21.72%.」
The equity ratio at the end of the second quarter was 21.72%, down from 22.34% at the end of the previous fiscal year but up from 20.78% at the end of the previous first quarter. - FY2021-Q1Quarterly decline in the equity ratioAnnual report
「The equity ratio at the end of the first quarter of the current consolidated fiscal year was 20.78%.」
The equity ratio at the end of the first quarter was 20.78%, down 1.56 percentage points from 22.34% at the end of the previous fiscal year. - FY2020-Q3Quarterly decline in the equity ratioAnnual report
「The equity ratio at the end of the third quarter of the current consolidated fiscal year was 20.46%.」
The equity ratio at the end of the third quarter was 20.46%, down from 21.31% at the end of the second quarter. - FY2020-Q2Quarterly decline in the equity ratioAnnual report
「The equity ratio at the end of the second quarter of the current consolidated fiscal year was 21.31%.」
The equity ratio at the end of the second quarter was disclosed at 21.31%, down from 22.75% at the end of the previous first quarter. - FY2020-Q1Disclosure of quarterly resultsAnnual report
「The equity ratio at the end of the first quarter of the current consolidated fiscal year was 22.75%.」
Separately from the equity ratio target for the end of FY2021, actual results showing an equity ratio of 22.75% at the end of the first quarter of the current fiscal year were disclosed. - FY2019ReframedAnnual report
「End of FY2021: Equity ratio 30%; net interest-bearing debt ¥61 billion; net debt-to-equity ratio 1.4x」
The company set the equity ratio, net interest-bearing debt and net debt-to-equity ratio at the end of FY2021 as new financial targets, changed from the previous targets for the end of FY2018. - FY2018DroppedAnnual report
「The management targets under Medium-Term Management Plan 2018 were as follows, and the company expects to exceed the plan.」
The current-year medium-term management plan metrics table shows only revenue and operating profit. The previously stated targets for the net debt-to-equity ratio, net interest-bearing debt and net assets are not included. - FY2017RestatedAnnual report
「End of FY2018 (fiscal year ended March 2019): Net debt-to-equity ratio of 1.5x (net interest-bearing debt of ¥43 billion; net assets of ¥29 billion)」
The targets for the net debt-to-equity ratio, net interest-bearing debt and net assets at the end of FY2018 have been maintained. - FY2016First statedAnnual report
「End of FY2018 (fiscal year ended March 2019): Net debt-to-equity ratio of 1.5x (net interest-bearing debt of ¥43 billion; net assets of ¥29 billion)」
The company specified its targets for the net debt-to-equity ratio, net interest-bearing debt and net assets as financial targets at the end of FY2018.