Emphasis on EBITDA to Enhance Enterprise Value and Equity Value
First written in FY2017-Q4. 20 of 34 entries say "Advanced", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2018: 1 of 12 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「EBITDA increased by ¥7,219 million from ¥23,307 million to ¥30,526 million, up 31.0% year on year. EBITDA margin rose from 33.2% to 34.8%.」
Under EBITDA-focused management, the company disclosed EBITDA of ¥30,526 million for the consolidated fiscal year, up 31.0% year on year, and an EBITDA margin of 34.8%. - FY2026-H1Update to half-year resultsAnnual report
「EBITDA (Note) 1 11,531 15,540 4,010 34.8」
Under its EBITDA-focused policy, EBITDA for the interim consolidated accounting period was ¥15,540 million, up 34.8% year on year, and EBITDA margin was 38.3%. - FY2025Annual Results UpdatedAnnual report
「EBITDA 16,712 23,307 6,595 39.5」
EBITDA for the consolidated fiscal year was ¥23,307 million, up 39.5% year on year, while EBITDA margin was 33.2%. - FY2025-H1Update to half-year resultsAnnual report
「EBITDA 10,957 11,531 574 5.2 EBITDA Margin (%) 59.1% 34.2% -24.9%」
EBITDA for the interim consolidated accounting period was ¥11,531 million, up 5.2% year on year, while EBITDA margin declined from 59.1% to 34.2%. - FY2024-Q3Quarterly actual results updateAnnual report
「EBITDA 15,313 14,042 -1,271 -8.3 EBITDA Margin (%) 61.7 47.1 -14.6」
EBITDA for the cumulative consolidated third quarter was ¥14,042 million, down 8.3% year on year, and EBITDA margin was 47.1%, lower than in the same period of the previous year. - FY2024-Q2Update to half-year resultsAnnual report
「EBITDA 12,080 10,957 -1,123 -9.3 EBITDA Margin (%) 69.7 59.1 -10.6」
EBITDA for the cumulative consolidated second quarter was ¥10,957 million, down 9.3% year on year, while EBITDA margin declined from 69.7% to 59.1%. - FY2024-Q1Quarterly actual results updateAnnual report
「EBITDA (Note) 1 8,436 5,311 -3,125 -37.0 EBITDA Margin (%) (Note) 2 99.0 55.3 -43.7 -」
EBITDA declined from ¥8,436 million in the same period of the previous year to ¥5,311 million, while EBITDA margin fell from 99.0% to 55.3%. The decline was attributed in part to the absence of the prior period's gain recognition associated with the transfer of the interest in Yokkaichi Solar. - FY2023AdvancedAnnual report
「The target was ¥12,000 million and the actual result was ¥18,100 million.」
For EBITDA used in the share-based compensation scheme introduced in 2018, the company disclosed an actual result of ¥18,100 million against the ¥12,000 million target for the fiscal year ending March 2023. Consolidated EBITDA also increased from ¥13,087 million to ¥18,101 million. - FY2023-Q3AdvancedAnnual report
「EBITDA (Notes) 1,3,4 11,128 15,313 4,184 37.6 EBITDA Margin (%) (Notes) 2,3,4 52.7 61.7 9.0 -」
Under its EBITDA-focused policy, EBITDA for the cumulative consolidated third quarter was ¥15,313 million, up 37.6% year on year, and EBITDA margin was 61.7%. - FY2023-Q2AdvancedAnnual report
「EBITDA 7,472 12,080 4,608 61.7 EBITDA Margin (%) 55.9 69.7 13.8」
Under its EBITDA-focused policy, EBITDA for the cumulative consolidated second quarter was ¥12,080 million, up 61.7% year on year, and EBITDA margin was 69.7%. - FY2023-Q1AdvancedAnnual report
「EBITDA (Note) 1 3,993 8,436 4,443 111.3 EBITDA Margin (%) (Note) 2 65.3 99.0 33.7 -」
EBITDA for the first quarter was ¥8,436 million, up 111.3% year on year, and EBITDA margin was 99.0%. The increase was primarily attributable to gains on the sale of the interest in Yokkaichi Solar and other factors. - FY2022AdvancedAnnual report
「EBITDA (Notes) 1,3,4 10,620 13,087 2,467 23.2 EBITDA Margin (%) (Notes) 2,3,4 51.7 44.8 -6.9」
EBITDA for the fiscal year ended March 2022 was ¥13,087 million, up 23.2% year on year, while EBITDA margin declined to 44.8%. - FY2022-Q3AdvancedAnnual report
「EBITDA (Notes) 1,3,4 9,448 11,128 1,680 17.8 EBITDA Margin (%) (Notes) 2,3,4 58.0 52.7 -5.3」
Under its EBITDA-focused policy, EBITDA for the cumulative consolidated third quarter was ¥11,128 million, up 17.8% year on year. EBITDA margin, however, declined from 58.0% to 52.7%. - FY2022-Q2AdvancedAnnual report
「EBITDA (Note) 1 6,233 7,472 1,240 19.9 EBITDA margin (%) (Note) 2 57.9 55.9 △2.0」
EBITDA for the six months ended in the second quarter was ¥7,472 million, up 19.9% year on year. Meanwhile, the EBITDA margin declined from 57.9% to 55.9%. - FY2022-Q1AdvancedAnnual report
「EBITDA (Note) 1 3,730 3,993 263 7.1 EBITDA margin (%) (Note) 2 62.4 65.3 2.9」
EBITDA for the first quarter was ¥3,993 million, up 7.1% year on year, and the EBITDA margin was 65.3%, higher than in the same quarter of the previous year. - FY2021Annual Results UpdatedAnnual report
「EBITDA (Note) 1 10,677 10,620 △58 △0.5」
EBITDA for the fiscal year ended March 2021 was ¥10,620 million, down 0.5% year on year, and the EBITDA margin was 51.7%. The policy of focusing on EBITDA has continued. - FY2021-Q3AdvancedAnnual report
「EBITDA (Note) 3 7,647 8,752 1,104 14.4」
EBITDA for the nine months ended in the third quarter was ¥8,752 million, up ¥1,104 million, or 14.4%, year on year. Meanwhile, the EBITDA margin declined from 55.9% to 53.6%. - FY2021-Q2AdvancedAnnual report
「EBITDA (Note) 5 4,938 5,947 1,009 20.4」
EBITDA for the six months ended in the second quarter was ¥5,947 million, up 20.4% year on year. The EBITDA margin was 55.2%. - FY2021-Q1AdvancedAnnual report
「EBITDA (Note) 1 1,585 3,737 2,151 135.7」
EBITDA for the three months ended in the first quarter was ¥3,737 million, up 135.7% year on year, and the EBITDA margin increased from 44.7% to 62.4%. - FY2020-Q3AdvancedAnnual report
「EBITDA (Note) 3 5,534 7,647 2,113 38.2」
EBITDA for the nine months ended in the third quarter was ¥7,647 million, up 38.2% year on year, and the EBITDA margin increased from 52.6% to 55.9%. - FY2020-Q2AdvancedAnnual report
「EBITDA (Note) 3 3,418 4,938 1,519 44.5」
EBITDA for the six months ended in the second quarter was ¥4,938 million, up 44.5% year on year, and the EBITDA margin increased from 51.4% to 55.7%. - FY2020-Q1Quarterly actual results updateAnnual report
「EBITDA 1,770 1,585 △184 △10.4」
EBITDA for the first quarter was ¥1,585 million and the EBITDA margin was 44.7%, down from ¥1,770 million and 53.0%, respectively, in the same quarter of the previous year. The main reason was the absence of business development fees, among other factors. - FY2019AdvancedAnnual report
「EBITDA (Note) 1 6,312 7,893 1,581 25.1」
EBITDA for the fiscal year ended March 2019 was ¥7,893 million, up 25.1% year on year. The annual results have been updated in line with the policy of focusing on sustained EBITDA growth. - FY2019-Q4AdvancedAnnual report
「EBITDA (Note) 3 4,983 5,534 551 11.1」
EBITDA for the nine months ended in the third quarter was ¥5,534 million, up 11.1% year on year. Meanwhile, the EBITDA margin declined from 57.1% to 52.6%. - FY2019-Q3Quarterly actual results updateAnnual report
「The company therefore places emphasis on EBITDA, or earnings before interest, taxes, depreciation and amortization, as a performance indicator.」
The company reconfirmed its policy of focusing on EBITDA. EBITDA for the six months ended in the second quarter was ¥3,418 million and the EBITDA margin was 51.4%. EBITDA declined 10.6% year on year, and the margin also decreased. - FY2019-Q2Quarterly actual results updateAnnual report
「The company therefore places emphasis on EBITDA, or earnings before interest, taxes, depreciation and amortization, as a performance indicator.」
The company reconfirmed its policy of focusing on EBITDA. EBITDA for the first quarter was ¥1,770 million and the EBITDA margin was 53.0%. EBITDA increased from ¥1,765 million in the same quarter of the previous year, while the margin declined from 71.2% following the consolidation of URE as a subsidiary. - FY2018AdvancedAnnual report
「EBITDA was ¥6,312 million, up 24.4% year on year.」
EBITDA increased from ¥5,072 million to ¥6,312 million, up 24.4% year on year. Meanwhile, the EBITDA margin declined to 53.8%. - FY2018-Q4AdvancedAnnual report
「EBITDA (ordinary income + net interest paid + depreciation and amortization + amortization of long-term prepaid expenses, including amortization of electricity charges and deferred consumption tax + goodwill amortization + amortization of deferred assets, including start-up costs and incorporation expenses) was ¥4,983 million, up 15.3% year on year. The EBITDA margin, representing EBITDA as a percentage of revenue, was 57.1%, down 6.7 percentage points year on year.」
EBITDA increased 15.3% year on year to ¥4,983 million, while the EBITDA margin declined to 57.1%, partly due to the greater weighting of the biomass power generation business. - FY2018-Q3AdvancedAnnual report
「To increase enterprise value without being overly affected by one-off amortization burdens, and thereby enhance equity value, the group places emphasis on EBITDA, or earnings before interest, taxes, depreciation and amortization, as a performance indicator. As a result, revenue for the six months ended in the second quarter of the current consolidated fiscal year was ¥6,015 million, EBITDA was ¥3,822 million, and the EBITDA margin was 63.5%.」
The company continued its policy of focusing on EBITDA, reporting EBITDA of ¥3,822 million for the six months ended in the second quarter of the current consolidated fiscal year, up 3.3% year on year, and an EBITDA margin of 63.5%. - FY2018-Q2RestatedAnnual report
「To increase enterprise value without being overly affected by one-off amortization burdens, and thereby enhance equity value, the group places emphasis on EBITDA, or earnings before interest, taxes, depreciation and amortization, as a performance indicator. As a result, revenue for the first quarter of the current consolidated fiscal year was ¥2,480 million, EBITDA was ¥1,765 million, and the EBITDA margin was 71.2%.」
The company continued its policy of managing performance with a focus on EBITDA, reporting quarterly EBITDA of ¥1,765 million and an EBITDA margin of 71.2%. - FY2017AdvancedAnnual report
「EBITDA (ordinary income + net interest paid + depreciation and amortization + amortization of electricity charges + goodwill amortization + amortization of start-up costs) was ¥5,072 million, up 24.4% from the previous consolidated fiscal year.」
In addition to its focus on EBITDA, the company reported EBITDA of ¥5,072 million, up 24.4% year on year, and an EBITDA margin of 61.4%. - FY2017-Q4First statedAnnual report
「To increase enterprise value without being overly affected by one-off amortization burdens, and thereby enhance equity value, the group places emphasis on EBITDA, or earnings before interest, taxes, depreciation and amortization, as a performance indicator.」
The company places emphasis on EBITDA as a performance management indicator for enhancing enterprise and equity value while limiting the impact of amortization burdens.