Maintaining an equity ratio of at least 50% and an ordinary profit margin on sales of at least 20%
First written in FY2017. 7 of 32 entries say "Restated". Latest entry: 2026-08-06.
0 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedEarnings
「The equity ratio was 46.4%, an increase of 1.1 percentage points.」
The equity ratio rose from 45.3% at the previous period-end to 46.4%, exceeding the previous target level of approximately 45%. - FY2026Actual results exceeded the benchmark for all indicatorsAnnual report
「To achieve stable growth over the medium to long term, our group places emphasis on maintaining an ordinary profit margin on net sales of at least 20% from the perspectives of profitability and productivity, an equity ratio of around 45% from the perspective of financial soundness, and ROE of at least 14%, which indicates how efficiently shareholders’ equity has been utilized.」
Actual results for the fiscal year were an ordinary profit margin on net sales of approximately 20.1%, an equity ratio of 45.3%, and ROE of 14.4%, exceeding the targets for all 3 emphasized indicators. - 2026-05-11RestatedEarnings
「Equity ratio 45% level 45% level - -」
The 45% equity ratio target in Medium-Term Management Plan 2028 was maintained, and the actual ratio at period-end was 45.3%. - FY2025ROE target achieved; ordinary profit margin below targetAnnual report
「To achieve stable growth over the medium to long term, our group places emphasis on maintaining an ordinary profit margin on net sales of at least 20% from the perspectives of profitability and productivity, an equity ratio of around 45% from the perspective of financial soundness, and ROE of at least 14%, which indicates how efficiently shareholders’ equity has been utilized.」
The management indicators have been set at an ordinary profit margin of at least 20%, an equity ratio of around 45%, and ROE of at least 14%. Actual results were an ordinary profit margin of 19.8%, an equity ratio of 46.8%, and ROE of 14.7%. ROE and the equity ratio exceeded their respective levels, while the ordinary profit margin was below 20%. - FY2025-H1WorsenedAnnual report
「Equity ratio (%) 55.4 47.2 48.0」
The equity ratio declined from 55.4% in the same period of the previous year to 47.2%, also falling below 48.0% at the end of the previous fiscal year. - FY2024SoftenedAnnual report
「Management indicators Ordinary profit margin 20% 20% ROE At least 10% At least 10% Equity ratio Around 50% Around 45%」
The equity ratio, previously maintained at around 50%, was 48.0% at the end of the fiscal year, down 4.9 percentage points year on year and below that level. In addition, the target equity ratio for the fiscal year ending March 2028 under the next medium-term management plan has been lowered to around 45%, reducing the target level for financial soundness. - FY2024-Q3Equity ratio declined but remained above the emphasized levelAnnual report
「Equity ratio (%) 54.8 51.4 52.9」
The equity ratio was 51.4% at the end of the third quarter, down from 54.8% at the end of the third quarter of the previous fiscal year and 52.9% at the end of the previous fiscal year. Meanwhile, it remained above the emphasized level of 50%. - FY2024-Q2Equity ratio rose to 55.4%Annual report
「Equity ratio (%) 54.3 55.4 52.9」
The equity ratio was 55.4% at the end of the second quarter, exceeding 54.3% at the end of the second quarter of the previous fiscal year and 52.9% at the end of the previous fiscal year. It remained above the emphasized level of 50%. - FY2024-Q1Equity ratio above emphasized levelAnnual report
「Equity ratio (%) 54.8 54.7 52.9」
The equity ratio was 54.7% at the end of June 2023, exceeding 52.9% at the end of the previous fiscal year and the emphasized level of 50%. - FY2023Equity ratio above target, ordinary profit margin below 20%Annual report
「To achieve stable growth over the medium to long term, our group places emphasis on maintaining an ordinary profit margin on net sales of at least 20% from the perspectives of profitability and productivity, an equity ratio of around 50% from the perspective of financial soundness, and ROE of at least 10%, which indicates how efficiently shareholders’ equity has been utilized.」
The equity ratio was 52.9% and ROE was 15.3%, both above the emphasized levels. Meanwhile, the ordinary profit margin was approximately 17.8%, below the stated target of at least 20%. - FY2023-Q3Equity ratio rose to 54.8%Annual report
「Equity ratio (%) 54.3 54.8 52.2」
The equity ratio was 54.8%, exceeding 52.2% at the end of the previous fiscal year and 54.3% at the end of the previous third quarter. It remained above the emphasized equity ratio level of 50%. - FY2023-Q2Equity ratio of 54.3% above emphasized levelAnnual report
「Equity ratio (%) 53.0 54.3 52.2」
The equity ratio was 54.3% at the end of the second quarter, exceeding 52.2% at the end of the previous fiscal year. It remained above the emphasized equity ratio level of 50%. - FY2023-Q1Equity ratio of 54.8% above target levelAnnual report
「Equity ratio (%) 54.9 54.8 52.2」
The equity ratio was 54.8% at the end of June 2022, exceeding 52.2% at the end of the previous fiscal year. It remained above the emphasized equity ratio level of 50%. - FY2022-Q3Equity ratio rose to 54.3%Annual report
「Equity ratio (%) 53.2 54.3 52.3」
The equity ratio was 54.3% at the end of the third quarter, exceeding 53.0% at the end of the previous quarter and 52.3% at the end of the previous fiscal year. It remained above the emphasized equity ratio level of 50%. - FY2022-Q2Equity ratio of 53.0% above target levelAnnual report
「Equity ratio (%) 50.4 53.0 52.3」
The equity ratio was 53.0% at the end of the second quarter, exceeding 52.3% at the end of the previous fiscal year. It remained above the previously emphasized level of 50%. - FY2022-Q1Equity ratio rose to 54.9%Annual report
「Equity ratio (%) 50.4 54.9 52.3」
The equity ratio was 54.9% at the end of the first quarter, up from 52.3% at the end of the previous fiscal year and above the emphasized level of 50%. - FY2021Equity ratio target relaxed and ROE addedAnnual report
「To achieve stable growth over the medium to long term, our group places emphasis on maintaining an ordinary profit margin on net sales of at least 20% from the perspectives of profitability and productivity, an equity ratio of around 50% from the perspective of financial soundness, and ROE of at least 10%, which indicates how efficiently shareholders’ equity has been utilized.」
The previous wording of an equity ratio of at least 50% was changed to around 50%, and ROE of at least 10% was added as a new management indicator. FY2021 results were an equity ratio of 52.3%, ROE of 6.5%, and an ordinary profit margin on net sales of approximately 12.6%. - FY2021-Q3Equity ratio exceeds the target levelAnnual report
「Equity ratio (%) 50.4 53.2 49.6」
The equity ratio was 53.2%, exceeding the emphasized level of 50%, which it had fallen below at the end of the previous quarter. It also recovered from 49.6% at the end of the previous fiscal year. - FY2021-Q1Equity ratio recovered to the target levelAnnual report
「Equity ratio (%) 52.9 50.4 49.6」
The equity ratio was 50.4% at the end of June 2020, up from 49.6% at the end of the previous fiscal year and above the previously emphasized level of 50%. - FY2020WorsenedAnnual report
「The equity ratio was 49.6%, down 0.7 percentage points.」
The equity ratio was 49.6% at the end of the fiscal year, below the emphasized level of 50% and down from 50.3% at the end of the previous fiscal year. - FY2020-Q3Equity ratio recovered to above 50%Annual report
「Equity ratio (%) 51.9 50.4 50.3」
The equity ratio was 50.4% at the end of the third quarter. Although it declined from 51.9% at the end of the previous third quarter, it exceeded the emphasized level of 50%, which it had fallen below at the end of the previous quarter. - FY2020-Q2WorsenedAnnual report
「Equity ratio (%) 53.9 49.4 50.3」
The equity ratio was 49.4% at the end of the second quarter, below the 50% level previously emphasized. It also declined from 50.3% at the end of the previous fiscal year. - FY2020-Q1Equity ratio rose above the target levelAnnual report
「Equity ratio (%) 54.9 52.9 50.3」
The equity ratio was 52.9% at the end of the first quarter, up from 50.3% at the end of the previous fiscal year. It remained above the previous target level of 50%. - FY2019Equity ratio declined further but remained above targetAnnual report
「The equity ratio was 50.3%, down 2.9 percentage points.」
The equity ratio fell to 50.3% from 53.2% at the end of the previous fiscal year and 51.9% at the end of the third quarter of the previous fiscal year, but remained above the previous target of 50%. - FY2019-Q3Equity ratio declined but remained above the target levelAnnual report
「Equity ratio (%) 56.7 51.9 53.2」
The equity ratio was 51.9% at the end of the third quarter, down from 56.7% at the end of the third quarter of the previous fiscal year and 53.2% at the end of the previous fiscal year. It remained above the previous target of 50%. - FY2019-Q2RestatedAnnual report
「Equity ratio (%) 51.7 53.9 53.2」
Against the existing target of maintaining an equity ratio of at least 50%, the ratio at the end of the second quarter was 53.9%. No change to the target level was stated. - FY2019-Q1RestatedAnnual report
「Equity ratio (%) 50.8 54.9 53.2」
Regarding the target of maintaining an equity ratio of at least 50%, the ratio at the end of the first quarter was 54.9%, above the 53.2% at the end of the previous consolidated fiscal year. No change to the target level was stated. - FY2018RestatedAnnual report
「The Group places importance on maintaining an equity ratio of at least 50% from the standpoint of financial soundness and an ordinary profit margin on sales of at least 20% from the standpoint of profitability and productivity, with the aim of achieving stable growth over the medium to long term.」
The target levels of an equity ratio of at least 50% and an ordinary profit margin on sales of at least 20% have been maintained. The equity ratio for the period was 53.2%, while the ordinary profit margin was approximately 22.7%. - FY2018-Q3RestatedAnnual report
「Equity ratio (%) 56.7」
Against the existing target of maintaining an equity ratio of at least 50%, the equity ratio for the cumulative period through the third quarter was 56.7%. No change to the target level or policy itself was stated. - FY2018-Q2RestatedAnnual report
「Equity ratio (%) 51.7」
Against the existing target of maintaining an equity ratio of at least 50%, the equity ratio at the end of the second quarter was 51.7%. No change to the target level or policy itself was stated. - FY2018-Q1RestatedAnnual report
「Equity ratio (%) 58.9 50.8 56.0」
Regarding the target disclosed in the previous fiscal year of maintaining an equity ratio of at least 50%, the equity ratio at the end of the first quarter was disclosed as 50.8%. No change to the target wording itself was stated. - FY2017First statedAnnual report
「With the aim of achieving sustainable growth from a long-term perspective, the Group places importance on maintaining an equity ratio of at least 50% from the standpoint of financial soundness, and an ordinary profit margin on sales of at least 20% from the standpoint of profitability and productivity.」
The Group has disclosed management targets for financial soundness, profitability and productivity: an equity ratio of at least 50% and an ordinary profit margin on sales of at least 20%.