Achieving an equity ratio of 50% or more
First written in FY2020. 8 of 22 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2019: 3 of 22 companies on the "Worse" side.
11 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The company will maintain an equity ratio of at least 30% and improve its total asset turnover ratio through the early sale of properties for sale and other measures.」
The company continues to set the maintenance of an equity ratio of 30% or higher and improvement of total asset turnover through the early sale of real estate held for sale and other measures as targets and initiatives. The equity ratio at the end of the fiscal year was 37.5%. - FY2026-H1AdvancedAnnual report
「As a result, the equity ratio was 39.1% (37.4% at the end of the previous consolidated fiscal year).」
The equity ratio rose from 37.4% to 39.1%, remaining above the target level stated in FY2024 of maintaining an equity ratio of 30% or higher. - FY2025AdvancedAnnual report
「We will maintain an equity ratio of 30% or higher and improve total asset turnover through the early sale of real estate held for sale and other measures.」
The company has stated a target of maintaining an equity ratio of 30% or higher and identified improving total asset turnover through the early sale of real estate held for sale and other measures as an initiative to strengthen its financial base. The equity ratio at the end of the fiscal year was 37.4%. - FY2025-H1AdvancedAnnual report
「As a result, the equity ratio was 33.6% (31.1% at the end of the previous consolidated fiscal year).」
The equity ratio rose from 31.1% to 33.6%, exceeding the target level stated in FY2024 of maintaining an equity ratio of 30% or higher. - FY2024SoftenedAnnual report
「We will maintain an equity ratio of 30% or higher, strengthen inventory management and work to optimize capital efficiency.」
The target has changed from the previously stated equity ratio of 50% or higher to maintaining an equity ratio of 30% or higher. The actual ratio was 31.1%. - FY2024-Q3Equity ratio declines while remaining below targetAnnual report
「As a result, the equity ratio was 30.5% (32.5% at the end of the previous consolidated fiscal year).」
The equity ratio fell from 32.5% to 30.5%. It remains below the previously stated target level of 50% or higher. - FY2024-Q2Equity ratio declines while remaining below targetAnnual report
「As a result, the equity ratio was 30.4% (32.5% at the end of the previous consolidated fiscal year).」
The equity ratio fell from 32.5% at the end of the previous fiscal year to 30.4%, remaining below the previously stated target level of 50% or higher. - FY2024-Q1Equity ratio declines and remains below targetAnnual report
「As a result, the equity ratio was 31.7% (32.5% at the end of the previous consolidated fiscal year).」
The equity ratio fell from 32.5% at the end of the previous fiscal year to 31.7%. The previous numerical target of 50% or higher is not stated in this quarterly report either, and the ratio remains below the known target level. - FY2023SoftenedAnnual report
「Accordingly, the Group places importance on operating income and the equity ratio as objective indicators for assessing progress toward its management targets. It has established these targets and will work toward achieving them. As a result, the equity ratio was 32.5% (36.2% at the end of the previous fiscal year).」
The previously stated numerical target of an equity ratio of 50% or higher was not repeated in the description of the targets for the fiscal year, which was reorganized to state that operating income and the equity ratio are considered important. The actual ratio was 32.5%. - FY2023-Q3Equity ratio moves further away from targetAnnual report
「As a result, the equity ratio was 32.0% (36.2% at the end of the previous consolidated fiscal year).」
Against the target equity ratio of 50% or higher, the actual ratio was 32.0%, down from 36.2% at the end of the previous fiscal year. - FY2023-Q2AdvancedAnnual report
「As a result, the equity ratio was 36.3% (36.2% at the end of the previous consolidated fiscal year).」
The equity ratio rose from 36.2% to 36.3%, representing slight, measurable progress toward the target of 50% or higher. However, it remains below the target level. - FY2023-Q1AdvancedAnnual report
「As a result, the equity ratio was 37.6% (36.2% at the end of the previous consolidated fiscal year).」
The equity ratio rose from 36.2% at the end of the previous fiscal year to 37.6%, representing measurable progress toward the existing target of 50% or higher. However, it remains below the target level. - FY2022Equity ratio declines while remaining below targetAnnual report
「The target equity ratio is 50% or higher, but the equity ratio at the end of the fiscal year was 36.2%.」
Against the target equity ratio of 50% or higher, the actual ratio was 36.2%, down from 38.1% at the end of the previous fiscal year. - FY2022-Q3Equity ratio moves further away from targetAnnual report
「As a result, the equity ratio was 31.6% (38.1% at the end of the previous consolidated fiscal year).」
The equity ratio was 31.6%, below the target of 50% or higher. It also declined from 38.1% at the end of the previous fiscal year, moving further away from the target level. - FY2022-Q2AdvancedAnnual report
「As a result, the equity ratio was 38.3% (38.1% at the end of the previous consolidated fiscal year).」
The equity ratio rose from 38.1% at the end of the previous fiscal year to 38.3%. It remains below the target of 50% or higher but also rose slightly from 38.2% in the previous quarter. - FY2022-Q1Equity ratio rises slightly but remains below targetAnnual report
「As a result, the equity ratio was 38.2% (38.1% at the end of the previous consolidated fiscal year).」
The equity ratio rose slightly from 38.1% to 38.2% but remains below the existing target of 50% or higher. - FY2021-Q3Further movement away from the target levelAnnual report
「As a result, the equity ratio was 33.4% (47.5% at the end of the previous consolidated fiscal year).」
Against the target equity ratio of 50% or higher, the equity ratio fell from 33.6% at the end of the second quarter to 33.4%, moving further away from the target level. - FY2021-Q2Equity ratio moves away from target after nearing itAnnual report
「As a result, the equity ratio was 33.6% (47.5% at the end of the previous consolidated fiscal year).」
The equity ratio fell from 49.7% at the end of the previous quarter to 33.6%, moving away from the target level after having approached the previously stated target of 50% or higher. - FY2021-Q1AdvancedAnnual report
「As a result, the equity ratio was 49.7% (47.5% at the end of the previous consolidated fiscal year).」
The equity ratio rose from 47.5% to 49.7%, representing measurable progress toward the previously stated target of 50% or higher. - FY2020First statedAnnual report
「The Group finances the acquisition of land and construction through borrowings from financial institutions. It recognizes that strengthening its financial base by expanding equity is important for stable business operations, and identifies the equity ratio as its most important management indicator. The target equity ratio is 50% or higher.」
For the purpose of strengthening its financial base by expanding equity, the company has stated for the first time a target equity ratio of 50% or higher.