Reliance on Interest-Bearing Debt and Rising Interest Rates
First written in FY2023. 7 of 10 entries say "Mitigated", first in FY2024-Q1. Latest entry: 2026-10-14.
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
84 other companies' latest entry also says "Mitigated".
- 2026-10-14MitigatedFinancial results presentation
「新規借入及び約定返済により長期借入金が10百万円減少。」
2025年11月期末との比較で長期借入金が10百万円減少し、自己資本比率は49.4％から51.6％へ上昇している。 - FY2026-H1WorsenedAnnual report
「The main increase in non-current liabilities was due in part to an ¥84,639 thousand increase in long-term borrowings from new borrowings and scheduled repayments.」
Long-term borrowings increased by ¥84,639 thousand through new borrowings and other factors. Financing activities included ¥200,000 thousand of proceeds from long-term borrowings, while the equity ratio declined from 49.4% to 48.8%. - FY2025WorsenedAnnual report
「Interest-bearing debt, including borrowings, accounted for 31.3% of total assets as of 30 November 2025. We are exposed to the risk of higher variable interest rates.」
The interest-bearing debt ratio rose from 31.1% to 31.3%, while long-term borrowings increased from ¥749,016 thousand to ¥830,761 thousand. The risk of higher interest rates continues to be disclosed. - FY2025-H1MitigatedAnnual report
「The main decrease in non-current liabilities was due in part to a ¥17,949 thousand decrease in long-term borrowings from scheduled repayments and other factors. As a result, the equity ratio was 52.3%, compared with 51.8% at the end of the prior fiscal year.」
Long-term borrowings declined by ¥17,949 thousand through scheduled repayments and other factors, while the equity ratio rose from 51.8% to 52.3%. - FY2024MitigatedAnnual report
「Interest-bearing debt, including borrowings, accounted for 31.1% of total assets as of 30 November 2024.」
Dependence on interest-bearing debt declined from 55.9% to 31.1%. Long-term borrowings also declined by ¥240,177 thousand through scheduled and early repayments. - FY2024-Q2MitigatedAnnual report
「The main decrease in non-current liabilities was a ¥80,103 thousand decrease in long-term borrowings due to scheduled repayments.」
As in the prior quarter, non-current liabilities declined by ¥80,103 thousand through scheduled repayments of long-term borrowings. No significant change was reported regarding interest-bearing debt or the risk of higher interest rates. - FY2024-Q1MitigatedAnnual report
「The main decrease in non-current liabilities was a ¥53,929 thousand decrease in long-term borrowings due to scheduled repayments.」
Long-term borrowings declined by ¥53,929 thousand through scheduled repayments. Alongside the issuance of new shares in connection with the listing, the equity ratio was 47.4%. No change in the assessment of the interest-rate risk was disclosed. - FY2023First statedAnnual report
「Interest-bearing debt, including borrowings, accounted for 55.9% of total assets as of 30 November 2023, a high level.」
The company disclosed a 55.9% dependence on interest-bearing debt as a result of funding store openings with borrowings, and identifies the impact of higher variable interest rates as a risk.