Sharp decline in the equity ratio and decrease in net assets
First written in FY2017. 13 of 30 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2026-H1.
Revolution moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 6 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「Net assets at the end of the current interim consolidated accounting period amounted to ¥1,008 million, a decrease of ¥502 million from the end of the previous consolidated fiscal year. The main factor was the recognition of an interim net loss attributable to owners of the parent of ¥1,056 million.」
Net assets decreased from ¥1,511 million to ¥1,008 million, while the key metrics show that the equity ratio also declined from 2.5% to 1.9%. - 2026-03-16WorsenedEarnings
「Net assets at the end of the first quarter of the current consolidated fiscal period were ¥1,154 million, a decrease of ¥356 million from the end of the previous consolidated fiscal year.」
Net assets decreased from ¥1,511 million at the end of the previous consolidated fiscal year to ¥1,154 million, while the equity ratio fell from 2.5% to 1.9%. - FY2025WorsenedAnnual report
「Net assets at the end of the current consolidated fiscal year amounted to ¥1,511 million, a decrease of ¥17,543 million from the end of the previous consolidated fiscal year. The main factor was the recognition of a net loss attributable to owners of the parent of ¥17,232 million.」
Net assets decreased sharply from ¥19,054 million to ¥1,511 million, while the equity ratio declined from 35.6% to 2.5%. - FY2025-H1WorsenedAnnual report
「Net assets at the end of the current interim consolidated accounting period amounted to ¥1,303 million, a decrease of ¥17,751 million from the end of the previous consolidated fiscal year. The main factor was the recognition of an interim net loss attributable to owners of the parent of ¥17,141 million.」
Net assets decreased sharply from ¥19,054 million to ¥1,303 million, while the equity ratio declined from 35.6% to 2.6%. - FY2024Sharp increase in net assets and decline in the equity ratioAnnual report
「Net assets (¥ thousand) 19,054,862 Equity ratio (%) 35.6」
Net assets increased sharply from ¥1,291.716 million in the previous fiscal year to ¥19,054.862 million due to the issuance of shares and other transactions involving WeCapital株式会社, while the consolidated equity ratio declined from 66.0% to 35.6%. - FY2024-Q2Increase in net assets and decline in the equity ratioAnnual report
「Net assets at the end of the second quarter of the current consolidated fiscal year amounted to ¥1,374 million, an increase of ¥82 million from the end of the previous consolidated fiscal year.」
Net assets increased from ¥1,291.716 million at the end of the previous consolidated fiscal year to ¥1,374.074 million, while the equity ratio declined from 66.0% to 59.3%. The movement of the metrics has diverged from the previous pattern of declines in both net assets and the equity ratio. - FY2024-Q1Both net assets and the equity ratio declinedAnnual report
「Net assets 1,181,387 Equity ratio (%) 53.5」
Net assets decreased from ¥1,291.71 million at the end of the previous consolidated fiscal year to ¥1,181.39 million, while the equity ratio declined from 66.0% to 53.5%. The movement shifted from the previous pattern of declining net assets and a rising equity ratio to declines in both metrics. - FY2023Decline in net assets and rise in the equity ratioAnnual report
「Net assets (¥ thousand) 1,291,716 Equity ratio (%) 66.0」
Net assets decreased from ¥1,677.105 million in the previous fiscal year to ¥1,291.716 million due to a net loss of ¥372.673 million, while the equity ratio rose from 46.6% to 66.0% due to debt repayments. - FY2023-Q3Decline in net assets and rise in the equity ratioAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal year amounted to ¥1,504 million, a decrease of ¥172 million from the end of the previous consolidated fiscal year. Equity ratio (%) 64.9」
Net assets decreased by ¥172 million from the end of the previous consolidated fiscal year, while the equity ratio rose from 46.6% to 64.9%. - FY2023-Q2Decline in net assets and rise in the equity ratioAnnual report
「Net assets at the end of the second quarter of the current consolidated fiscal year amounted to ¥1,528 million, a decrease of ¥148 million from the end of the previous consolidated fiscal year.」
Net assets decreased by ¥148 million from the end of the previous consolidated fiscal year to ¥1,528.58 million, while the equity ratio rose from 46.6% at the end of the previous consolidated fiscal year to 51.8%. - FY2023-Q1Decline in net assets and rise in the equity ratioAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal year amounted to ¥1,579 million, a decrease of ¥97 million from the end of the previous consolidated fiscal year.」
Net assets decreased by ¥97 million from the end of the previous consolidated fiscal year, while the equity ratio rose from 46.6% to 53.6%, resulting in divergent movements in the two metrics. - FY2022WorsenedAnnual report
「As a result, total assets at the end of the current consolidated fiscal year amounted to ¥3,598 million, an increase of ¥1,398 million from the end of the previous consolidated fiscal year.」
Net assets edged up to ¥1,677.10 million, while the equity ratio declined from 75.4% at the end of the previous consolidated fiscal year to 46.6% due to increases in total assets and borrowings. - FY2022-Q3WorsenedAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal year amounted to ¥1,395 million, a decrease of ¥263 million from the end of the previous consolidated fiscal year.」
Net assets decreased by ¥263 million from the end of the previous consolidated fiscal year to ¥1,395.64 million, while the equity ratio declined from 75.4% to 57.4%. Both net assets and the equity ratio have also declined from the end of the second quarter. - FY2022-Q2WorsenedAnnual report
「Net assets at the end of the second quarter of the current consolidated fiscal year amounted to ¥1,551 million, a decrease of ¥107 million from the end of the previous consolidated fiscal year.」
Net assets decreased by ¥107 million from the end of the previous consolidated fiscal year, while the equity ratio declined from 75.4% to 59.3%. - FY2022-Q1WorsenedAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal year amounted to ¥1,597 million, a decrease of ¥61 million from the end of the previous consolidated fiscal year.」
Net assets decreased from ¥1,659.151 million at the end of the previous consolidated fiscal year to ¥1,597.956 million, while the equity ratio declined from 75.4% to 74.0%. - FY2021-Q3MitigatedAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal year amounted to ¥1,614 million, an increase of ¥208 million from the end of the previous consolidated fiscal year.」
Net assets increased by ¥208 million from the end of the previous consolidated fiscal year to ¥1,614.89 million, while the equity ratio rose from 70.5% to 73.2%. - FY2021-Q2MitigatedAnnual report
「Net assets at the end of the second quarter of the current consolidated fiscal year amounted to ¥1,568 million, an increase of ¥162 million from the end of the previous consolidated fiscal year.」
Net assets increased by ¥162 million from the end of the previous consolidated fiscal year to ¥1,568 million, while the equity ratio rose from 70.5% to 72.6%. - FY2021-Q1MitigatedAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal year amounted to ¥1,529 million, an increase of ¥123 million from the end of the previous consolidated fiscal year.」
Net assets increased from ¥1,406.035 million at the end of the previous consolidated fiscal year to ¥1,529.818 million, while the equity ratio rose from 70.5% to 71.6%. - FY2020MitigatedAnnual report
「Equity ratio (%) 70.5」
The equity ratio rose from 50.3% in the previous fiscal year to 70.5%, while net assets amounted to ¥1,407.792 million. The financial base has improved from the level through the previous quarter. - FY2020-Q3MitigatedAnnual report
「Net assets (¥ thousand) 964,378. Equity ratio (%) 48.02.」
Net assets increased from ¥923.272 million at the end of the previous quarter to ¥964.378 million at the end of the current quarter, while the equity ratio rose from 45.70% to 48.02%. - FY2020-Q2WorsenedAnnual report
「Net assets (¥ thousand) 923,272. Equity ratio (%) 45.70.」
Net assets decreased from ¥930.286 million at the end of the previous fiscal year to ¥923.272 million, while the equity ratio declined from 50.3% to 45.70%. - FY2020-Q1WorsenedAnnual report
「Net assets at the end of the first quarter amounted to ¥890 million, a decrease of ¥39 million from the end of the previous fiscal year.」
Net assets decreased from ¥930.28 million at the end of the previous fiscal year to ¥890.94 million, while the equity ratio declined from 50.28% to 49.61%. - FY2019-Q3MitigatedAnnual report
「Net assets at the end of the cumulative third quarter amounted to ¥927.01 million, an increase of ¥856 million from the end of the previous fiscal year.」
Net assets increased from ¥71.197 million at the end of the previous fiscal year to ¥927.701 million through a debt-equity swap and other measures, while the equity ratio rose from 3.9% to 50.4%. - FY2019-Q2WorsenedAnnual report
「Equity ratio (%) 1.36.」
The equity ratio declined from 3.9% at the end of the previous fiscal year to 1.36%, while net assets decreased from ¥71.197 million to ¥25.502 million. - FY2019-Q1WorsenedAnnual report
「Net assets at the end of the first quarter of the current fiscal year were ¥0.09 million, a decrease of ¥71 million from the end of the previous fiscal year.」
The key metrics state that net assets decreased from ¥71.197 million at the end of the previous fiscal year to ¥90,000, while the equity ratio fell from 3.9% to negative 0.54%. - FY2018MitigatedAnnual report
「As a result, the equity ratio increased by 0.2 percentage points, from 3.7% in the previous fiscal year to 3.9%. Total assets were ¥1,821 million, a decrease of ¥99 million from the end of the previous fiscal year.」
The equity ratio increased from 3.7% to 3.9%, and net assets increased by approximately ¥0.9 million. However, total assets decreased from the end of the previous fiscal year, and the equity ratio remained low. - FY2018-Q3MitigatedAnnual report
「Net assets at the end of the nine-month period of the third quarter of the current fiscal year were ¥83 million, an increase of ¥13 million from the end of the previous fiscal year.」
Net assets increased from ¥70.26 million at the end of the previous fiscal year to ¥83.51 million, while the equity ratio also rose from 3.7% to 4.5%. - FY2018-Q2MitigatedAnnual report
「Equity ratio (%): 4.3. Net assets at the end of the six-month period of the second quarter of the current fiscal year were ¥80 million, an increase of ¥9 million from the end of the previous fiscal year.」
The equity ratio increased from 3.7% at the end of the previous fiscal year to 4.3%, while net assets also increased by approximately ¥9 million. - FY2018-Q1WorsenedAnnual report
「Total assets at the end of the first quarter of the current fiscal year were ¥1,832 million, a decrease of ¥88 million from the end of the previous fiscal year.」
The equity ratio fell from 3.7% at the end of the previous fiscal year to 3.3%, while net assets decreased from ¥70.26 million to ¥61.06 million. - FY2017First statedAnnual report
「As a result, the equity ratio decreased by 33.7 percentage points, from 37.4% in the previous fiscal year to 3.7%. Total assets were ¥1,920 million, a decrease of ¥1,039 million from the end of the previous fiscal year.」
Following the net loss for the year and other factors, the equity ratio fell from 37.4% to 3.7%, while total assets decreased by ¥1,039 million from the end of the previous fiscal year.