IR Top Page > Financial Information > Financial Index (3)
(as of August 31, 2009)
These tables and graphs present our ROE, ROA and other financial data for the past 10 years. In recent years, we have increased our investments aimed at sustaining growth. This is why R&D; expenditures and capital expenditures have been climbing. Furthermore, we are taking actions aimed at improving our financial soundness. One way is by reducing debt. We are also operating more efficiently, such as by reducing assets to raise the ROA and the turnover ratio for total assets.
Financial Index (last 10 years) (Excel:22KB)
Click on the articles to see the descriptions of the indexes.
| 2005/3 | 2006/3 | 2007/3 | 2008/3 | 2009/3 | |
|---|---|---|---|---|---|
| Investment in R&D (Millions of yen) |
11,286 | 12,288 | 13,068 | 18,458 | 16,600 |
| Capital Expenditure (Millions of yen) |
1,586 | 1,519 | 3,804 | 3,166 | 2,062 |
| Depreciation & Amortization (Millions of yen) |
2,101 | 1,936 | 2,774 | 3,393 | 4,143 |
| Interest-bearing debt (Millions of yen) |
22,286 | 5,276 | 4,591 | 3,485 | 20,834 |
| Return on Equity(%) | 11.3 | 19.3 | 13.8 | 15.8 | 14.3 |
| Return on Assets(%) | 3.6 | 6.8 | 6.2 | 8.4 | 8.1 |
| Net Worth Ratio(%) | 30.5 | 40.1 | 49.3 | 57.3 | 55.9 |
| Creditor's Equity to Total Assets(%) | 69.5 | 59.9 | 50.7 | 42.7 | 44.1 |
| Current Ratio(%) | 251.7 | 252.7 | 304.3 | 179.5 | 205.1 |
| Quick Ratio(Acid-test Ratio)(%) | 191.3 | 198.4 | 235.2 | 134.8 | 147.1 |
| Cash Equivalent Ratio(%) | 138.9 | 150.1 | 177.3 | 94.1 | 74.5 |
| Fixed Ratio(%) | 84.6 | 77.0 | 69.6 | 58.0 | 43.4 |
| Debt-Equity Ratio(%) | 227.4 | 149.5 | 102.7 | 139.3 | 74.2 |
| Assets Turnover(times) | 0.7 | 0.7 | 0.8 | 13.4 | 0.9 |
| Sales Equity Ratio(times) | 2.0 | 2.0 | 1.8 | 1.7 | 1.5 |
| Receivables Turnover(times) | 5.6 | 5.2 | 6.2 | 6.5 | 3.3 |
| Accounts Payable Turnover(times) | 10.2 | 9.0 | 10.1 | 11.4 | 5.7 |
| Inventory Turnover(times) | 4.8 | 4.8 | 6.0 | 8.8 | 5.4 |
| Fixed Asset Turnover Ratio(times) | 2.3 | 2.3 | 2.4 | 2.4 | 3.4 |
| Interest Coverage Ratio(times) | 30.0 | 82.6 | 237.3 | 103.7 | - |
| Price earnings ratio(times) | 16.5 | 9.7 | 15.7 | 25.6 | 13.3 |
- Financial Index
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- Investment in R&D
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Explanation :Investments being expensed for research and development
- Capital Expenditure
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Explanation :Investments being expenses for facilities and equipment
- Depreciation & Amortization
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Explanation :Decrease in value of fixed assets calculated in a uniform method
- Interest-bearing debt
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Explanation :Liability-bearing interests
Criteria :
Smaller, 
Bigger - Return on Equity
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Explanation :An index for return of equity
Formula :Net Income / (Net Assets - Minority interests - Hare Warronats) *100
Criteria :
Higher, Lower - Return on Assets
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Explanation :An index for return of asset
Formula :Net Income / Total Assets*100
Criteria :
Higher, Lower - Net Worth Ratio
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Explanation :Higher ratio indicates stability
Formula :Total Net Assets / Total Assets*100
Criteria :
Higher, Lower - Creditor's Equity to Total Assets
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Explanation :Lower ratio indicates stability
Formula :Total Liabilities / Total Assets*100
Criteria :
Lower, Higher - Current Ratio
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Explanation :An index for payment capability against liabilities. Over 150% is desirable
Formula :Current Assets / Current Liabilities*100
Criteria :
Higher, Lower - Quick Ratio(Acid-test Ratio)
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Explanation :An index of payment capability within short time. 100% indicates desirable stage, stricter than current ratio
Formula :Current Assets excluding Inventories / Current Liabilities*100
Criteria :
Higher, Lower - Cash Equivalent Ratio
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Explanation :An index of payment capability only by cash and deposits in hand, stricter than quick ratio
Formula :Cash and Cash Equivalents / Current Liabilities*100
Criteria :
Higher, Lower - Fixed Ratio
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Explanation :An ratio of fixed assets over total assets
Formula :Fixed Assets / Total Net Assets*100
Criteria :
Lower, Higher - Debt-Equity Ratio
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Explanation :Lower ratio indicates higher payment capability
Formula :Total Liabilities / Total Net Assets*100
Criteria :
Lower, Higher - Assets Turnover
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Explanation :A ratio of net sales against total assets
Formula :Net Sales / {(Total Assets at the end of previous period + Total Assets at the end of current period) / 2}
Criteria :
Higher, Lower - Sales Equity Ratio
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Explanation :A ratio of net sales against total equity
Formula :Net Sales / {(Total Net Assets at the end of previous period + Total Net Assets at the end of current period) / 2}
Criteria :
Higher, Lower - Receivables Turnover
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Explanation :An index for collection turnover of account receivables. Greater number shows swifter collection
Formula :Net Sales / {(Notes and accounts receivable - Advance receive at the end of previous period) + (Notes and accounts receivable - Advance receive at the end of current period)} / 2
Criteria :
Higher, Lower - Accounts Payable Turnover
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Explanation :An index for payment turnover of account payables. Greater number shows quicker payment
Formula :Net Sales / {(Notes and accounts payable - Advance payment at the end of previous period) + (Notes and accounts payable - Advance payment at the end of current period)} / 2
Criteria :
Higher, Lower - Inventory Turnover
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Explanation :An index for inventory turnover. The number dwindles because of inventory increase and/or no-active inventory.
Formula :Net Sales / {(Inventories at the end of previous period + Inventories at the end of current period) / 2}
Criteria :
Higher, Lower - Fixed Asset Turnover Ratio
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Explanation :An ratio of fixed assets against net sales. An index of efficiency of fixed assests usage
Formula :Net Sales / {Fixed Assets at the end of previous period + Fixed Assets at the end of current period) / 2}
Criteria :
Higher, Lower - Interest Coverage Ratio
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Explanation :An index for payment capability for interests
Formula :Operating Cash Flow / Interest
Criteria :
Higher, Lower - Price earnings ratio
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Explanation :One of index for investment decision. This index shows how many times the current stock price is dealt against EPS.
Formula :Stock Price / Earnings per Share (EPS)
