Improving the Equity Ratio and Raising Funds Through Bank Borrowings
First written in FY2017. 23 of 32 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-07.
The whole theme swung hardest in 2020: 8 of 30 companies on the "Worse" side.
9 other companies' latest entry also says "Advanced".
- 2026-08-07AdvancedEarnings
「As a result, the equity ratio was 58.4%, compared with 53.1% at the end of the previous consolidated fiscal year.」
The equity ratio rose from 53.1% at the end of the previous consolidated fiscal year to 58.4%, indicating progress in line with the policy of improving the ratio. - FY2026AdvancedAnnual report
「As a result, the equity ratio was 53.1% (49.9% at the end of the previous fiscal year), an increase of 3.2 percentage points.」
The equity ratio rose from 49.9% at the previous fiscal year-end to 53.1%, indicating progress consistent with the policy of improving the equity ratio. The policy of financing through bank borrowings also remains in place. - 2026-05-08AdvancedRevision of earnings forecasts
「The equity ratio increased by 3.2 percentage points to 53.1%, compared with 49.9% at the end of the previous consolidated fiscal year.」
The equity ratio rose from 49.9% at the end of the previous fiscal year to 53.1%, indicating progress in line with the policy of improving the equity ratio. - FY2026-H1AdvancedAnnual report
「Net assets increased by ¥628 million from the end of the previous fiscal year to ¥11.739 billion. The main factor was a ¥564 million increase in retained earnings. As a result, the equity ratio was 50.7% (49.9% at the end of the previous fiscal year).」
Due to the increase in retained earnings, the equity ratio rose from 49.9% at the previous fiscal year-end to 50.7%. Improvement consistent with the policy of improving the equity ratio was also confirmed in the interim period. - FY2025SoftenedAnnual report
「The Group aims to improve its equity ratio, but demand for operating funds remains high due to factors including diversification of the scale of its businesses, and it plans to meet this demand through bank borrowings for the time being. As a result, the equity ratio was 49.9% (50.4% at the end of the previous fiscal year), a decrease of 0.5 percentage points.」
The policies of improving the equity ratio and relying on bank borrowings continued, but the equity ratio declined from 50.4% at the previous fiscal year-end to 49.9%. - FY2025-H1AdvancedAnnual report
「Net assets increased by ¥380 million from the end of the previous fiscal year to ¥10.434 billion. The main factor was a ¥333 million increase in retained earnings. As a result, the equity ratio was 55.4% (50.4% at the end of the previous fiscal year).」
The equity ratio rose from 50.4% at the end of the previous fiscal year to 55.4%, indicating continued improvement in the interim period consistent with the policy of improving the equity ratio. - FY2024AdvancedAnnual report
「The Group aims to improve its equity ratio, but demand for operating funds remains high due to factors including diversification of the scale of its businesses, and it plans to meet this demand through bank borrowings for the time being. As a result, the equity ratio was 50.4% (46.8% at the end of the previous fiscal year), an increase of 3.6 percentage points.」
The policies of improving the equity ratio and financing through bank borrowings continued, and the equity ratio rose from 46.8% at the previous fiscal year-end to 50.4%. - FY2024-Q3AdvancedAnnual report
「As a result, the equity ratio was 52.1% (46.8% at the end of the previous fiscal year).」
The equity ratio rose from 46.8% at the end of the previous fiscal year to 52.1%, indicating an improvement consistent with the policy of improving the equity ratio. - FY2024-Q2AdvancedAnnual report
「Net assets increased by ¥230 million from the end of the previous fiscal year to ¥9.228 billion. The main factor was a ¥239 million increase in retained earnings. As a result, the equity ratio was 50.1% (46.8% at the end of the previous fiscal year).」
The equity ratio rose from 46.8% at the end of the previous fiscal year to 50.1%, indicating an improvement from the previous fiscal year-end consistent with the policy of improving the equity ratio. - FY2024-Q1AdvancedAnnual report
「As a result, the equity ratio was 47.7% (46.8% at the end of the previous fiscal year).」
The equity ratio rose from 46.8% at the end of the previous fiscal year to 47.7%, indicating an improvement from the previous fiscal year-end consistent with the policy of improving the equity ratio. - FY2023AdvancedAnnual report
「As a result, the equity ratio was 46.8% (46.1% at the end of the previous fiscal year), an increase of 0.7 percentage points.」
The equity ratio rose from 46.1% at the previous fiscal year-end to 46.8%, indicating an improvement consistent with the policy of improving the ratio. Meanwhile, the policy of relying mainly on bank borrowings for financing remains in place. - FY2023-Q3AdvancedAnnual report
「As a result, the equity ratio was 48.7% (46.1% at the end of the previous fiscal year).」
The equity ratio rose from 46.1% at the end of the previous fiscal year to 48.7%, indicating an improvement from the previous fiscal year-end consistent with the policy of improving the equity ratio. - FY2023-Q2AdvancedAnnual report
「As a result, the equity ratio was 50.8% (46.1% at the end of the previous fiscal year).」
The equity ratio rose from 46.1% at the end of the previous fiscal year to 50.8%, indicating an improvement from the previous fiscal year-end consistent with the policy of improving the equity ratio. - FY2023-Q1AdvancedAnnual report
「As a result, the equity ratio was 49.1% (46.1% at the end of the previous fiscal year).」
The equity ratio rose from 46.1% at the end of the previous fiscal year to 49.1%, indicating an improvement from the previous fiscal year-end consistent with the policy of improving the equity ratio. - FY2022-Q3AdvancedAnnual report
「Liabilities decreased by ¥356 million from the end of the previous fiscal year to ¥8.701 billion. The main factors included increases of ¥250 million in current maturities of long-term borrowings and ¥500 million in long-term borrowings, while bills payable and accounts payable decreased by ¥553 million, income taxes payable and other by ¥384 million, and provision for bonuses by ¥212 million. As a result, current liabilities decreased by ¥838 million, and the equity ratio was 48.1% (46.9% at the end of the previous fiscal year).」
The equity ratio rose from 46.9% at the end of the previous fiscal year to 48.1%. Bank borrowings increased by ¥250 million in current maturities of long-term borrowings and ¥500 million in long-term borrowings. - FY2022-Q1AdvancedAnnual report
「Net assets decreased by ¥60 million from the end of the previous fiscal year to ¥7.925 billion. The main factors were a ¥40 million increase in valuation difference on other securities and a ¥104 million decrease in retained earnings. As a result, the equity ratio was 50.0% (46.9% at the end of the previous fiscal year).」
The equity ratio rose from 46.9% at the end of the previous fiscal year to 50.0%, indicating an improvement from the previous fiscal year-end consistent with the policy of improving the equity ratio. - FY2021-Q3Equity ratio increased from the previous fiscal year-end but declined quarter on quarterAnnual report
「As a result, the equity ratio was 49.0% (46.6% at the end of the previous fiscal year).」
The equity ratio rose from 46.6% at the end of the previous fiscal year to 49.0%, while declining from 51.2% at the end of the previous quarter. Improvement from the previous fiscal year-end continued in line with the policy of improving the equity ratio. - FY2021-Q2Equity ratio increased from the previous fiscal year-end but declined quarter on quarterAnnual report
「Liabilities decreased by ¥1.150 billion from the end of the previous fiscal year to ¥6.981 billion. The main factors included increases of ¥297 million in short-term borrowings and ¥700 million in long-term borrowings, while bills payable and accounts payable decreased by ¥1.604 billion and income taxes payable and other decreased by ¥237 million. As a result, the equity ratio was 51.2% (46.6% at the end of the previous fiscal year).」
The equity ratio rose from 46.6% at the end of the previous fiscal year to 51.2%, but declined from 55.4% at the end of the previous quarter. Increases of ¥297 million in short-term borrowings and ¥700 million in long-term borrowings were also reported. - FY2021-Q1AdvancedAnnual report
「As a result, the equity ratio was 55.4% (46.6% at the end of the previous fiscal year).」
The equity ratio rose from 46.6% at the end of the previous fiscal year to 55.4%, indicating an improvement consistent with the policy of improving the equity ratio. - FY2020AdvancedAnnual report
「As a result, the equity ratio was 46.6% (46.3% at the end of the previous fiscal year).」
The equity ratio rose from 46.3% at the previous fiscal year-end to 46.6%, indicating an improvement consistent with the policy of improving the equity ratio. Bank borrowings stood at ¥1.111 billion. - FY2020-Q3AdvancedAnnual report
「As a result, the equity ratio was 48.8% (46.3% at the end of the previous fiscal year).」
The equity ratio rose from 46.3% at the end of the previous fiscal year to 48.8%, indicating an improvement consistent with the policy of improving the equity ratio. - FY2020-Q2Equity ratio increased from the previous fiscal year-end but declined quarter on quarterAnnual report
「As a result, the equity ratio was 47.2% (46.3% at the end of the previous fiscal year).」
The equity ratio rose from 46.3% at the end of the previous fiscal year to 47.2%, while declining from 50.7% at the end of the previous quarter. - FY2020-Q1AdvancedAnnual report
「Equity ratio (%) 50.9 50.7 46.3」
The equity ratio was 50.7% at the end of the first quarter, compared with 50.9% in the same period of the previous year and 46.3% at the end of the previous fiscal year. It increased from the previous fiscal year-end, indicating an improvement consistent with the policy of improving the equity ratio. - FY2019Equity ratio declined from the previous fiscal year-endAnnual report
「Equity ratio: 46.3% (47.1% at the end of the previous fiscal year)」
The policy of improving the equity ratio was maintained, but the equity ratio at the end of the fiscal year declined from 47.1% at the previous fiscal year-end to 46.3%. - FY2019-Q3AdvancedAnnual report
「As a result, the equity ratio was 52.2% (47.1% at the end of the previous fiscal year).」
The equity ratio rose from 47.1% at the end of the previous fiscal year to 52.2%, indicating an improvement consistent with the policy of improving the equity ratio. - FY2019-Q2Equity ratio increased from the previous fiscal year-end but declined quarter on quarterAnnual report
「Equity ratio (%) 48.2 47.1」
The equity ratio was 48.2% at the end of the second quarter, up from 47.1% at the end of the previous fiscal year. Meanwhile, it declined from 50.9% at the end of the first quarter. - FY2019-Q1AdvancedAnnual report
「Equity ratio (%) 51.4 50.9 47.1」
The equity ratio rose from 47.1% at the end of the previous fiscal year to 50.9% at the end of the first quarter. It remained below 51.4% in the same period of the previous year. - FY2018AdvancedAnnual report
「The Group aims to improve its equity ratio, but demand for operating funds remains high due to factors including diversification of the scale of its businesses, and it plans to meet this demand through bank borrowings for the time being.」
The equity ratio rose from 45.4% at the previous fiscal year-end to 47.1%. The policies of improving the equity ratio and financing through bank borrowings remain in place. - FY2018-Q3Equity ratio increased from the previous fiscal year-end but declined quarter on quarterAnnual report
「Equity ratio (%) 47.8 48.6 45.4」
The equity ratio was 48.6% at the end of the third quarter, compared with 47.8% in the same period of the previous year and 45.4% at the end of the previous fiscal year. It declined from 49.6% at the end of the previous quarter. - FY2018-Q2Equity ratio increased year on year and from the previous fiscal year-endAnnual report
「Equity ratio (%) 47.2 49.6 45.4」
The equity ratio was 49.6% at the end of the second quarter, compared with 47.2% in the same period of the previous year and 45.4% at the end of the previous fiscal year. It declined from 51.4% at the end of the previous first quarter. - FY2018-Q1AdvancedAnnual report
「Equity ratio (%) 49.7 51.4 45.4」
The equity ratio was 51.4% at the end of the first quarter, compared with 49.7% in the same period of the previous year and 45.4% at the end of the previous fiscal year. - FY2017First statedAnnual report
「The Group aims to improve its equity ratio, but demand for operating funds remains high due to factors including diversification of the scale of its businesses, and it plans to meet this demand through bank borrowings for the time being.」
The Group stated its financing policy of meeting near-term operating funding needs through bank borrowings while aiming to improve its equity ratio.