Monitoring Inventory-to-Interest-Bearing Debt and Net Asset Ratios
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024RestatedAnnual report
「For business divisions with different business formats, the Company regularly prepares balance sheets by business division and sets target ratios for controlling inventory relative to sales for each business format, while verifying inventory turnover by business division. It also sets, as company-wide solvency indicators, target ratios for controlling interest-bearing debt relative to inventory and inventory relative to net assets, in preparation for a sharp decline in land market values, and monitors these indicators regularly.」
The Company continues to use a management practice of regularly monitoring inventory ratios by business division, interest-bearing debt relative to inventory, and inventory relative to net assets. - FY2023RestatedAnnual report
「The Company sets target ratios for controlling inventory relative to sales for each business format and verifies inventory turnover by business division. It also sets, as company-wide solvency indicators, target ratios for controlling interest-bearing debt relative to inventory and inventory relative to net assets, in preparation for a sharp decline in land market values, and monitors these indicators regularly.」
The Company continues to use a management practice of monitoring inventory ratios by business division, interest-bearing debt relative to inventory, and inventory relative to net assets. - FY2022AdvancedAnnual report
「As part of its inventory reduction plan, the Company monitors indicators controlling inventory relative to sales for each business division, as well as company-wide indicators controlling interest-bearing debt relative to inventory and inventory relative to net assets.」
The Company describes the actual monitoring status of inventory, interest-bearing debt and net asset ratios as a matter considered by the Audit & Supervisory Board. - FY2021First statedAnnual report
「The Company sets target ratios for controlling inventory relative to sales for each business format and verifies inventory turnover by business division. It also sets, as company-wide solvency indicators, target ratios for controlling interest-bearing debt relative to inventory and inventory relative to net assets, in preparation for a sharp decline in land market values.」
The Company has systematically disclosed for the first time its management practice of setting target ratios for inventory by business division, interest-bearing debt to inventory, and inventory to net assets, and monitoring them regularly.