Funding Focused on Stability and Low Cost, and Market Risk Management
First written in FY2016. 2 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2026.
Mitsui O.S.K.Lines moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 3 of 18 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2026SoftenedAnnual report
「In Phase 2, the company will place greater emphasis on financial discipline, minimize any temporary increase in the net gearing ratio and control it with a target range of 1.0–1.1.」
The management target for the net gearing ratio was changed from the previous range of 0.9–1.0 to 1.0–1.1, indicating that Phase 2 will prioritize financial soundness and limit external financing. - FY2026-H1Increase in liabilities and decline in equity ratioAnnual report
「Liabilities increased by ¥517.3 billion from the end of the previous consolidated fiscal year to ¥2.7775 trillion. This was mainly due to an increase in short-term borrowings. As a result, the equity ratio fell by 6.0 percentage points from the end of the previous consolidated fiscal year to 47.9%.」
Liabilities increased during the interim consolidated accounting period, including through short-term borrowings, partly reflecting the acquisition of LBC, while the equity ratio declined from 53.9% to 47.9%. - FY2024AdvancedAnnual report
「ROE was 12.2%, the gearing ratio was 0.55x and the net gearing ratio was 0.51x, representing a generally solid start to the first year of the group’s management plan, BLUE ACTION 2035.」
As evidence of its financial discipline, the company disclosed ROE of 12.2%, a gearing ratio of 0.55x and a net gearing ratio of 0.51x. - FY2023AdvancedAnnual report
「The company will control its net gearing ratio at 0.9–1.0. (Interest-bearing debt is assumed to include approximately ¥900 billion in off-balance-sheet assets, such as future charter hire payments that should be incorporated following the adoption of IFRS.)」
The company added a management target of a 0.9–1.0x net gearing ratio, including off-balance-sheet future charter hire payments, to its policy of ensuring stable, low-cost funding and managing market risk. - FY2016First statedAnnual report
「In financing its business activities, the company places emphasis on funding stability and low-cost financing. It also monitors market risks, including interest rate and foreign exchange risks, and keeps them within acceptable limits by managing its fixed-rate debt ratio and the currency composition of its borrowings, while also using techniques such as interest rate and currency swaps to avoid excessive exposure to market risk.」
The company has set a policy of ensuring stable, low-cost funding and keeping market risk within acceptable limits.