Komori
East Japan Railway Company (9020) · TargetMitigated

Reduce consolidated interest-bearing debt to ¥3 trillion by the end of the 2020s

First written in FY2016. 6 of 36 entries say "Advanced", first in FY2017. Latest entry: FY2026.

36entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017 – FY2019-Q1OtherFY2020-Q1 – FY2021-Q22016: 120162017: 320172018: 420182019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 220252026: 32026
Same theme, other companies
Strengthening the Financial Position by Reducing Interest-Bearing DebtA theme 120 companies write about · 2 as a headwind · 119 as a tailwind

13 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 120 companies compared. The sentences above are computed from all 120.
Full recordFilings, disclosures and news, newest first
  1. FY2026MitigatedAnnual report

    「Specifically, the company aims for net interest-bearing debt/EBITDA of approximately 5x in fiscal 2031.」

    Net interest-bearing debt/EBITDA was 5.8x in fiscal 2025, an improvement from 6.0x in the previous fiscal year. Net interest-bearing debt was ¥4.9001 trillion.
  3. FY2026-H1Midyear increase in net interest-bearing debtAnnual report

    「As of the end of the current interim consolidated fiscal period, net interest-bearing debt was ¥4.9569 trillion.」

    Net interest-bearing debt increased from ¥4.7218 trillion at the end of the previous fiscal year to ¥4.9569 trillion. The company disclosed the midyear balance against its new target of net interest-bearing debt/EBITDA of approximately 5x for fiscal 2031.
  4. FY2025MitigatedAnnual report

    「Specifically, the company aims for net interest-bearing debt/EBITDA of approximately 5x over the medium term and approximately 3.5x over the long term.」

    Net interest-bearing debt/EBITDA improved from 6.2x in the previous fiscal year to 6.0x. Meanwhile, the ratio remained above the target levels of approximately 5x over the medium term and approximately 3.5x over the long term.
  5. FY2025-H1Midyear increase in net interest-bearing debtAnnual report

    「As of the end of the current interim consolidated fiscal period, net interest-bearing debt was ¥4.6563 trillion.」

    Net interest-bearing debt increased from ¥4.5874 trillion at the end of the previous fiscal year to ¥4.6563 trillion.
  6. FY2024MitigatedAnnual report

    「Specifically, the company aims for net interest-bearing debt/EBITDA of approximately 5x over the medium term and approximately 3.5x over the long term.」

    Net interest-bearing debt/EBITDA improved from 8.6x in the previous fiscal year to 6.2x. However, the ratio remained above the targets of approximately 5x over the medium term and approximately 3.5x over the long term.
  7. FY2024-Q3Quarterly decrease in net interest-bearing debtAnnual report

    「As of the end of the third quarter of the current consolidated fiscal year, net interest-bearing debt was ¥4.5252 trillion.」

    Net interest-bearing debt declined from ¥4.5843 trillion at the end of the second quarter of the previous fiscal year to ¥4.5252 trillion.
  8. FY2024-Q2Quarterly decrease in net interest-bearing debtAnnual report

    「As of the end of the second quarter of the current consolidated fiscal year, net interest-bearing debt was ¥4.5843 trillion.」

    Net interest-bearing debt declined from ¥4.6529 trillion at the end of the first quarter of the previous fiscal year to ¥4.5843 trillion.
  9. FY2024-Q1Quarterly increase in net interest-bearing debtAnnual report

    「As of the end of the first quarter of the current consolidated fiscal year, net interest-bearing debt was ¥4.6529 trillion. Net interest-bearing debt is calculated by subtracting consolidated cash and cash equivalents at the end of the first quarter of the current consolidated fiscal year from consolidated interest-bearing debt.」

    Net interest-bearing debt increased from ¥4.5598 trillion at the end of the previous fiscal year to ¥4.6529 trillion.
  10. FY2023MitigatedAnnual report

    「Specifically, the company aims for net interest-bearing debt/EBITDA of approximately 5x over the medium term and approximately 3.5x over the long term.」

    The actual net interest-bearing debt/EBITDA ratio was 8.6x, an improvement from 19.0x in the previous fiscal year. Meanwhile, the target timeline changed from “5x or less by fiscal 2025” to approximately 5x over the medium term and approximately 3.5x over the long term.
  11. FY2023-Q3Quarterly decrease in net interest-bearing debtAnnual report

    「As of the end of the third quarter of the current consolidated fiscal year, net interest-bearing debt was ¥4.6024 trillion.」

    Net interest-bearing debt declined from ¥4.6515 trillion at the end of the previous quarter to ¥4.6024 trillion.
  12. FY2023-Q2Quarterly decrease in net interest-bearing debtAnnual report

    「As of the end of the second quarter of the current consolidated fiscal year, net interest-bearing debt was ¥4.6515 trillion.」

    Net interest-bearing debt declined from ¥4.6692 trillion at the end of the previous quarter to ¥4.6515 trillion. The balance remained high relative to the target of net interest-bearing debt/EBITDA of 5x or less by fiscal 2025.
  13. FY2023-Q1Quarterly increase in net interest-bearing debtAnnual report

    「As of the end of the first quarter of the current consolidated fiscal year, net interest-bearing debt was ¥4.6692 trillion. Net interest-bearing debt is calculated by subtracting consolidated cash and cash equivalents at the end of the first quarter of the current consolidated fiscal year from consolidated interest-bearing debt.」

    Net interest-bearing debt increased from ¥4.5327 trillion at the end of the previous fiscal year to ¥4.6692 trillion. The company disclosed the quarterly debt balance against its target of net interest-bearing debt/EBITDA of 5x or less by fiscal 2025.
  14. FY2022WorsenedAnnual report

    「As of the end of the current consolidated fiscal year, net interest-bearing debt was ¥4.5327 trillion.」

    Net interest-bearing debt was ¥4.5327 trillion, while the actual net interest-bearing debt/EBITDA ratio was 19.0x against the target of 5x or less by fiscal 2025.
  15. FY2022-Q3Quarterly decrease in net interest-bearing debtAnnual report

    「As of the end of the third quarter of the current consolidated fiscal year, net interest-bearing debt was ¥4.4347 trillion.」

    Net interest-bearing debt declined from ¥4.5188 trillion at the end of the previous quarter to ¥4.4347 trillion.
  16. FY2022-Q2Quarterly increase in net interest-bearing debtAnnual report

    「As of the end of the second quarter of the current consolidated fiscal year, net interest-bearing debt was ¥4.5188 trillion.」

    Net interest-bearing debt increased from ¥4.4857 trillion at the end of the previous quarter to ¥4.5188 trillion.
  17. FY2022-Q1Quarterly increase in net interest-bearing debtAnnual report

    「As of the end of the first quarter of the current consolidated fiscal year, net interest-bearing debt was ¥4.4857 trillion.」

    Net interest-bearing debt increased from ¥4.1522 trillion at the end of the previous fiscal year to ¥4.4857 trillion.
  18. FY2021RaisedAnnual report

    「The company announced in January 2021 that it would improve net interest-bearing debt/EBITDA to 5x or less by fiscal 2025 and continue working to maintain financial soundness thereafter.」

    The deadline for the target of net interest-bearing debt/EBITDA of 5x or less changed from the fiscal year ending March 2026 to fiscal 2025.
  19. FY2021-Q3SoftenedAnnual report

    「Fiscal year ending March 2026: New numerical target Net interest-bearing debt/EBITDA: 5x or less <Reference> Fiscal year ended March 2023: Previous numerical target Net interest-bearing debt/EBITDA: approximately 3.5x」

    The financial target changed from net interest-bearing debt/EBITDA of approximately 3.5x for the fiscal year ending March 2023 to 5x or less for the fiscal year ending March 2026. The deadline was extended and the permitted ratio level was raised.
  20. FY2021-Q2Quarterly increase in net interest-bearing debtAnnual report

    「As of the end of the second quarter of the current consolidated fiscal year, net interest-bearing debt was ¥3.7965 trillion.」

    Net interest-bearing debt increased from ¥3.5866 trillion at the end of the previous quarter to ¥3.7965 trillion.
  21. FY2021-Q1Quarterly increase in net interest-bearing debtAnnual report

    「As of the end of the first quarter of the current consolidated fiscal year, net interest-bearing debt was ¥3.5866 trillion.」

    Net interest-bearing debt increased from ¥3.1585 trillion at the end of the previous fiscal year to ¥3.5866 trillion.
  22. FY2020Annual increase in net interest-bearing debtAnnual report

    「As of the end of the current consolidated fiscal year, net interest-bearing debt was ¥3.1585 trillion.」

    Net interest-bearing debt increased from ¥2.8999 trillion at the end of the previous fiscal year to ¥3.1585 trillion. The financial target framework of net interest-bearing debt/EBITDA of approximately 3.5x remained in place.
  23. FY2020-Q3Quarterly decrease in net interest-bearing debtAnnual report

    「As of the end of the third quarter of the current consolidated fiscal year, net interest-bearing debt was ¥2.9848 trillion.」

    Net interest-bearing debt declined from ¥3.0169 trillion at the end of the previous quarter to ¥2.9848 trillion.
  24. FY2020-Q2Increase in net interest-bearing debtAnnual report

    「As of the end of the second quarter of the current consolidated fiscal year, net interest-bearing debt was ¥3.0169 trillion.」

    The company disclosed net interest-bearing debt of ¥3.0169 trillion. This was an increase from ¥2.8999 trillion at the end of March 2019, and the company showed the trend after changing from the previous absolute target to a framework focused on the net interest-bearing debt/EBITDA ratio.
  25. FY2020-Q1Quarterly increase in interest-bearing debtAnnual report

    「As of the end of the first quarter of the current consolidated fiscal year, interest-bearing debt was ¥3.2037 trillion.」

    Interest-bearing debt increased from ¥3.1637 trillion at the end of March 2019 to ¥3.2037 trillion. The company reported the trend after changing from the previous absolute target to a framework targeting net interest-bearing debt/EBITDA of approximately 3.5x.
  26. FY2019ReframedAnnual report

    「The company states that consolidated interest-bearing debt will be maintained at a level commensurate with consolidated operating revenue and profit. Specifically, it aims for net interest-bearing debt/EBITDA of approximately 3.5x.」

    The company changed its framework from the previous absolute target of ¥3 trillion in consolidated interest-bearing debt during the 2020s to a financial target based on net interest-bearing debt/EBITDA of approximately 3.5x.
  27. FY2019-Q3Quarterly increase in interest-bearing debtAnnual report

    「As of the end of the third quarter of the current consolidated fiscal year, interest-bearing debt was ¥3.1873 trillion.」

    Interest-bearing debt increased from ¥3.1723 trillion at the end of the previous quarter to ¥3.1873 trillion. In relation to the target of ¥3 trillion during the 2020s, the company reported an increase in the balance.
  28. FY2019-Q2Quarterly increase in interest-bearing debtAnnual report

    「As of the end of the second quarter of the current consolidated fiscal year, interest-bearing debt was ¥3.1723 trillion.」

    Interest-bearing debt increased from ¥3.1596 trillion at the end of the previous quarter to ¥3.1723 trillion.
  29. FY2019-Q1AdvancedAnnual report

    「As of the end of the first quarter of the current consolidated fiscal year, interest-bearing debt was ¥3.1596 trillion.」

    Interest-bearing debt declined from ¥3.1796 trillion at the end of the previous fiscal year to ¥3.1596 trillion.
  30. FY2018AdvancedAnnual report

    「As of the end of the current consolidated fiscal year, interest-bearing debt was ¥3.1796 trillion.」

    Interest-bearing debt declined from ¥3.211 trillion at the end of the previous fiscal year to ¥3.1796 trillion, and the company disclosed the trend in the balance toward its target of ¥3 trillion during the 2020s.
  31. FY2018-Q3AdvancedAnnual report

    「As of the end of the third quarter of the current consolidated fiscal year, interest-bearing debt was ¥3.167905 trillion.」

    Interest-bearing debt declined from ¥3.178313 trillion at the end of the previous quarter to ¥3.167905 trillion.
  32. FY2018-Q2AdvancedAnnual report

    「As of the end of the second quarter of the current consolidated fiscal year, interest-bearing debt was ¥3.178313 trillion.」

    Interest-bearing debt declined from ¥3.191337 trillion at the end of the previous quarter to ¥3.178313 trillion.
  33. FY2018-Q1AdvancedAnnual report

    「As of the end of the first quarter of the current consolidated fiscal year, interest-bearing debt was ¥3.191337 trillion.」

    While maintaining its target of ¥3 trillion during the 2020s, interest-bearing debt declined from ¥3.211 trillion at the end of March 2017 to ¥3.191337 trillion.
  34. FY2017AdvancedAnnual report

    「Regarding debt reduction, the company aims to bring consolidated interest-bearing debt down to ¥3 trillion during the 2020s.」

    While maintaining its target, interest-bearing debt declined from ¥3.2419 trillion in the previous fiscal year to ¥3.211 trillion. The company also reported completion of payments totaling ¥2.7404 trillion for part of the long-term amount payable for the purchase of Shinkansen facilities.
  35. FY2016First statedAnnual report

    「Regarding debt reduction, the company aims to bring consolidated interest-bearing debt down to ¥3 trillion during the 2020s.」

    The company stated that it would strengthen its financial position by increasing operating cash flow, using retained earnings and repaying debt.
Moved together

"Expanding customer touchpoints through the use of Suica, electronic money and ICT" moved the same way as this thread, in the same document, in 10 of its 36 moves.

10101010109★123456
  1. ★This thread
  2. 1Expanding customer touchpoints through the use of Suica, electronic money and ICT10×
  3. 2Implementation of the Sixth Safety Five-Year Plan, “Group Safety Plan 2018”10×
  4. 3Railway System Innovation through ICT and Open Innovation10×
  5. 4Shareholder Returns Targeting a 33% Total Payout Ratio10×
  6. 5Regional Revitalization and Local Industry Activation10×
  7. 6Expanding Lifestyle Services with Stations as the Primary Management Resource9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
East Japan Railway Company's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Earnings presentation of 2026-04-30: "Mitigated".
News
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Reduce consolidated interest-bearing debt to ¥3 trillion by the end of the 2020s | East Japan Railway Company (9020) | Komori