Dependence on Interest-Bearing Debt
First written in FY2023. 7 of 13 entries say "Worsened", first in FY2025-H1. Latest entry: 2026-09-01.
Columbia Works moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Mitigated".
- FY2026-H1WorsenedAnnual report
「Current liabilities at the end of the interim consolidated accounting period increased by ¥10,473 million from the end of the previous consolidated fiscal year to ¥32,775 million. This was mainly due to increases of ¥944 million in short-term borrowings and ¥8,799 million in the current portion of long-term borrowings.」
Short-term borrowings and the current portion of long-term borrowings increased, raising current liabilities by ¥10,473 million from the previous fiscal year-end. Funding through borrowings also increased. - FY2025MitigatedAnnual report
「Interest-bearing debt (¥ million) 37,650 46,803 Total assets (¥ million) 52,186 66,877 Interest-bearing debt dependency ratio (%) 72.1 70.0 At present, we expect the interest-bearing debt dependency ratio to remain at 70% or higher for the time being.」
The interest-bearing debt dependency ratio declined from 72.1% to 70.0%, but is expected to remain above 70% for the time being. Borrowings totaled ¥46,803 million. - 2026-03-06WorsenedGeneral Meetings of Shareholders
「Short-term borrowings ¥9,928 million Current portion of long-term borrowings ¥10,218 million Long-term borrowings ¥26,456 million」
Borrowing balances were disclosed, indicating that the funding structure continues to rely on interest-bearing debt. - FY2025-H1WorsenedAnnual report
「Current liabilities at the end of the interim consolidated accounting period increased by ¥9,694 million from the end of the previous consolidated fiscal year to ¥18,812 million. This was mainly due to increases of ¥6,659 million in short-term borrowings and ¥3,438 million in current portion of long-term borrowings.」
Short-term borrowings and the current portion of long-term borrowings increased in connection with real estate acquisitions and development, indicating a higher borrowing balance. No interest-bearing debt dependency ratio was disclosed. - FY2024Updated borrowing balance and dependency ratioAnnual report
「Interest-bearing debt (¥ million) 23,266 37,650 Total assets (¥ million) 32,001 52,186 Interest-bearing debt dependency ratio (%) 72.7 72.1 At present, we expect the interest-bearing debt dependency ratio to remain at 70% or higher for the time being.」
Interest-bearing debt was ¥37,650 million and the dependency ratio was 72.1%, down from 72.7% in the previous fiscal year, but the company expects the ratio to remain above 70% for the time being. - FY2024-H1Updated borrowing balanceAnnual report
「Current liabilities at the end of the interim consolidated accounting period totaled ¥13,236 million, an increase of ¥4,284 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥4,334 million in short-term borrowings associated with real estate acquisitions and construction funding for developments in progress.」
Short-term borrowings increased by ¥4,334 million and long-term borrowings by ¥276 million in connection with real estate acquisitions and construction funding for developments in progress. - FY2023First statedAnnual report
「The interest-bearing debt dependency ratio was 72.7%. At present, we expect the ratio to remain at 70% or higher for the time being.」
The interest-bearing debt dependency ratio was 72.7% and is expected to remain above 70% for the time being. Higher interest rates or changes in lenders’ attitudes could constrain financing.