Stability Indices

Total assets

(Millions of yen)

Millions of yen

Years ended March 31 Total assets
2015 4,499,153
2016 4,369,841
2017 4,312,174
2018 4,255,565
2019 4,793,545

Net assets excluding non-controlling interests, Equity ratio

(Millions of yen)
(%)
Years ended March 31 Net assets excluding non-controlling interests
(Millions of yen)
Equity ratio
2015 3,066,680 68.2%
2016 2,932,892 67.1%
2017 2,943,169 68.3%
2018 2,916,680 68.5%
2019 3,006,480 62.7%

Interest-bearing debt, D/E ratio

(Millions of yen)
(%)
Years ended March 31 Interest-bearing debt
(Millions of yen)
D/E ratio Interest-bearing debt / Total capital employed
2015 677,157 22.1% 17.1%
2016 741,567 25.3% 18.9%
2017 687,684 23.4% 17.7%
2018 698,577 24.0% 18.1%
2019 1,141,197 38.0% 25.9%

Current ratio

(%)
Years ended March 31 Current ratio
2015 368%
2016 308%
2017 317%
2018 152%
2019 123%

Fixed ratio

(%)
Years ended March 31 Fixed ratio
2015 103%
2016 115%
2017 114%
2018 130%
2019 144%

Net debt, Net debt/Net total capital employed

(Millions of yen)
(%)
Years ended March 31 Net debt
(Millions of yen)
Net debt/Net total capital employed
2015 -472,194 -16.8%
2016 -239,311 -8.1%
2017 29,566 0.9%
2018 422,474 11.8%
2019 901,521 21.7%
  • Net assets excluding non-controlling interests = Net assets - Non-controlling interests
  • Interest-bearing debt = Short-term loans + Long-term debt
  • Net debt = Interest-bearing debt - Cash and cash equivalents - Time deposits - Certificate of deposits - Public and corporate bonds and other debt securities with determinable value - Long-term time deposits
  • Equity ratio = Net assets excluding non-controlling interests / Total assets
  • Current ratio = Current assets / Current liabilities
  • Fixed ratio = Fixed assets / Net assets excluding non-controlling interests
  • D/E ratio = Interest-bearing debt / Net assets excluding non-controlling interests
  • Interest-bearing debt / Total capital employed = Interest-bearing debt / (Net assets + Interest-bearing debt)
  • Net debt / Net total capital employed = Net debt / (Net assets + Net debt)
  • "Partial Amendments to Accounting Standard for Tax Effect Accounting" (ASBJ Statement No. 28, February 16, 2018) was retrospectively applied to the balance as of March 31, 2018.