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Hikari Tsushin (9435) · PolicyAdvanced

Achieving and Maintaining an Optimal Capital Structure

First written in FY2017. 18 of 24 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-08-13.

24entries
10years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017 – FY2021AdvancedFY2022 – 2026-08-132017: 120172018: 120182019: 120192020: 120202021: 220212022: 420222023: 420232024: 320242025: 220252026: 52026
Same theme, other companies
Maintaining an Optimal Capital Structure Taking into Account Financial Soundness and FlexibilityA theme 51 companies write about · 0 as a headwind · 48 as a tailwind

The whole theme swung hardest in 2020: 3 of 27 companies on the "Worse" side.

12 other companies' latest entry also says "Advanced".

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 51 companies compared. The sentences above are computed from all 51.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「At the end of the consolidated fiscal year, the ratio of equity attributable to owners of the parent was 41.5%, up 2.9 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose from 38.6% at the end of the previous fiscal year to 41.5%, while equity attributable to owners of the parent amounted to ¥1,185,668 million.
  2. FY2026-H1AdvancedAnnual report

    「At the end of the interim consolidated accounting period, the ratio of equity attributable to owners of the parent was 41.0%, up 2.4 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 2.4 percentage points from 38.6% at the end of the previous fiscal year to 41.0%.
  3. FY2025AdvancedAnnual report

    「At the end of the consolidated fiscal year, the ratio of equity attributable to owners of the parent was 38.6%, up 0.6 percentage points from the end of the previous consolidated fiscal year.」

    Under the policy of maintaining an optimal capital structure, the ratio of equity attributable to owners of the parent rose from 38.0% to 38.6%.
  4. FY2025-H1AdvancedAnnual report

    「At the end of the interim consolidated accounting period, the ratio of equity attributable to owners of the parent was 39.1%, up 1.1 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 1.1 percentage points from 38.0% at the end of the previous fiscal year to 39.1%.
  5. FY2024AdvancedAnnual report

    「At the end of the consolidated fiscal year, the ratio of equity attributable to owners of the parent was 38.0%, up 4.3 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 4.3 percentage points from 33.7% at the end of the previous fiscal year to 38.0%.
  6. FY2024-Q3AdvancedAnnual report

    「At the end of the third quarter of the fiscal year, the ratio of equity attributable to owners of the parent was 36.0%, up 2.3 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 2.3 percentage points from 33.7% at the end of the previous fiscal year to 36.0%.
  7. FY2024-Q2AdvancedAnnual report

    「At the end of the second quarter of the fiscal year, the ratio of equity attributable to owners of the parent was 36.3%, up 2.6 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 2.6 percentage points from 33.7% at the end of the previous fiscal year to 36.3%.
  8. FY2024-Q1AdvancedAnnual report

    「At the end of the first quarter of the fiscal year, the ratio of equity attributable to owners of the parent was 35.1%, up 1.3 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 1.3 percentage points from 33.7% at the end of the previous fiscal year to 35.1%.
  9. FY2023AdvancedAnnual report

    「At the end of the consolidated fiscal year, the ratio of equity attributable to owners of the parent was 33.7%, up 1.5 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 1.5 percentage points from 32.3% at the end of the previous fiscal year to 33.7%.
  10. FY2023-Q3AdvancedAnnual report

    「At the end of the third quarter of the fiscal year, the ratio of equity attributable to owners of the parent was 33.0%, up 0.7 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 0.7 percentage points from 32.3% at the end of the previous consolidated fiscal year to 33.0%.
  11. FY2023-Q2AdvancedAnnual report

    「At the end of the second quarter of the fiscal year, the ratio of equity attributable to owners of the parent was 32.7%, up 0.4 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 0.4 percentage points from 32.3% at the end of the previous consolidated fiscal year to 32.7%.
  12. FY2023-Q1AdvancedAnnual report

    「At the end of the first quarter of the fiscal year, the ratio of equity attributable to owners of the parent was 32.6%, up 0.3 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 0.3 percentage points from 32.3% at the end of the previous fiscal year to 32.6%.
  13. FY2022AdvancedAnnual report

    「At the end of the consolidated fiscal year, the ratio of equity attributable to owners of the parent was 32.2%, up 0.9 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 0.9 percentage points from 31.3% at the end of the previous fiscal year to 32.2%.
  14. FY2022-Q3Equity ratio down quarter on quarter but up from the fiscal year-endAnnual report

    「At the end of the third quarter of the fiscal year, the ratio of equity attributable to owners of the parent was 32.0%, up 0.7 percentage points from the end of the previous consolidated fiscal year.」

    The ratio of equity attributable to owners of the parent rose 0.7 percentage points from 31.3% at the end of the previous consolidated fiscal year to 32.0%. However, it declined from 33.1% at the end of the previous quarter.
  15. FY2022-Q2AdvancedAnnual report

    「At the end of the second quarter of the fiscal year, the ratio of equity attributable to owners of the parent was 33.1%, up 1.8 percentage points from the end of the previous consolidated fiscal year.」

    Under the policy of maintaining an optimal capital structure, the ratio of equity attributable to owners of the parent rose 1.8 percentage points from 31.3% to 33.1%.
  16. FY2021RestatedAnnual report

    「The Group's basic capital-management policy is to achieve and maintain an optimal capital structure in order to sustain growth over the medium to long term and maximize corporate value.」

    The Group has reaffirmed its policy of maintaining an optimal capital structure to support sustained medium- to long-term growth and maximize corporate value. The ratio of equity attributable to owners of the parent rose 1.9 percentage points from the end of the previous fiscal year to 31.3%.
  17. FY2020RestatedAnnual report

    「The Group's basic capital-management policy is to achieve and maintain an optimal capital structure in order to sustain growth over the medium to long term and maximize corporate value.」

    The Group has reaffirmed its policy of maintaining an optimal capital structure to support sustained medium- to long-term growth and maximize corporate value.
  18. FY2019RestatedAnnual report

    「The Group's basic capital-management policy is to achieve and maintain an optimal capital structure in order to sustain growth over the medium to long term and maximize corporate value.」

    The Group has reaffirmed its policy of maintaining an optimal capital structure to support sustained medium- to long-term growth and maximize corporate value.
  19. FY2018RestatedAnnual report

    「The Group's basic capital-management policy is to achieve and maintain an optimal capital structure in order to sustain growth over the medium to long term and maximize corporate value.」

    The Group has reaffirmed its policy of maintaining an optimal capital structure to support sustained medium- to long-term growth and maximize corporate value.
  20. FY2017First statedAnnual report

    「The Group's basic capital-management policy is to achieve and maintain an optimal capital structure in order to sustain growth over the medium to long term and maximize corporate value.」

    First explicitly states the basic capital-management policy of sustaining medium- to long-term growth and maximizing corporate value through an optimal capital structure.
Moved together

"Expanded Investment Allocation Through Acquisitions of Investment Securities" moved the same way as this thread, in the same document, in 17 of its 24 moves.

171717151514★123456
  1. ★This thread
  2. 1Expanded Investment Allocation Through Acquisitions of Investment Securities17×
  3. 2Share Repurchases Approved by the Board of Directors17×
  4. 3Continuation of Stable Dividends and a Planned Dividend of ¥20417×
  5. 4Funding through Bond Issuance15×
  6. 5Expansion of Recurring Profit and High-Recurring-Revenue Models15×
  7. 6Expansion of Lifestyle-related Services Beyond Information and Communications14×

★ 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
No upcoming earnings preview for Hikari Tsushin yet. It last moved in the Earnings presentation of 2026-08-13: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Achieving and Maintaining an Optimal Capital Structure | HIKARI TSUSHIN,INC. (9435) | Komori