■HowTV's Performance Trends (7064)
3. Financial Status
On the financial side, total assets at the end of the 2024/1 fiscal year increased 802 million yen from the end of the previous fiscal year to 1910 million yen, total liabilities increased 497 million yen to 865 million yen, and total net assets increased 304 million yen to 1,044 million yen. In terms of assets, cash and deposits increased by 792 million yen. As for liabilities, interest-bearing debt (total long and short term loans) increased by 499 million yen to 579 million yen. In terms of net assets, retained earnings increased by 300 million yen. As a result, the capital adequacy ratio fell 12.0 points from the same period to 54.7%. The equity ratio declined because the balance of interest-bearing debt increased in order to expand business activities, including M&A, but we believe that financial soundness has been maintained because of the fact that it is currently in the growth process, etc., and it cannot be said that it is a particularly major issue.
Note that the amount of capital is expected to decrease to 10 million yen after approval at the Annual General Meeting of Shareholders to be held on 2024/4/24, but there is no change in the total number of issued shares and net assets due to transfer processing between subjects in the net assets section (transfer the full amount of capital to be reduced to other capital surpluses).
(Author: FISCO Visiting Analyst Masashi Mizuta Exhibition)