Komori
Cados (211A) · RiskWorsened

Reliance on Interest-Bearing Debt and Funding for the Real Estate Business

First written in FY2024. 8 of 10 entries say "Worsened", first in FY2026-H1. Latest entry: FY2026.

10entries
3years
6from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2024MitigatedFY2025-H1WorsenedFY2026-H1 – FY20262024: 120242025: 120252026: 82026
Same theme, other companies
Reliance on Interest-Bearing Debt and Interest Rate and Refinancing RisksA theme 305 companies write about · 306 as a headwind · 0 as a tailwind

Cados moved to the "Worse" side of this theme in 2026, 5 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 "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 306 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「The main factors were increases of ¥194 million in current portion of long-term borrowings and ¥1,554 million in long-term borrowings, used to finance the acquisition of income-producing properties and the redemption at maturity of corporate bonds.」

    In connection with the acquisition of income-producing properties, capital expenditures of ¥2,059 million, long-term borrowings of ¥1,900 million and short-term borrowings of ¥300 million were incurred. The equity ratio declined from 55.8% to 47.6%, further increasing reliance on interest-bearing debt.
  2. FY2026-H1WorsenedAnnual report

    「Short-term borrowings increased by ¥300 million due to borrowing for working capital, while bonds due for redemption within one year decreased by ¥500 million because of the maturity redemption of bonds. Long-term borrowings increased by ¥109 million mainly to finance the acquisition of income-producing properties and the maturity redemption of bonds.」

    The Company redeemed ¥500 million in bonds, while short-term borrowings for working capital increased by ¥300 million and long-term borrowings related to the acquisition of income-producing properties and other purposes increased by ¥109 million. Borrowings increased from the end of the previous fiscal year, indicating renewed dependence on financing.
  3. FY2025-H1MitigatedAnnual report

    「While long-term borrowings decreased by ¥643 million, including early repayments, asset retirement obligations increased by ¥92 million due to the acquisition of income-producing properties.」

    Interest-bearing debt declined as long-term borrowings were repaid. Cash used to repay long-term borrowings was ¥695 million, while cash and deposits decreased by ¥1,848 million due mainly to the acquisition of income-producing properties.
  4. FY2024First statedAnnual report

    「As of the end of the fiscal year, there were no short-term borrowings. Long-term borrowings were ¥2,091 million, including ¥500 million in bonds, representing 24.9% of total assets.」

    The Company says it will secure financing capacity by diversifying financial institutions, soliciting financing for individual projects, and using direct financing through bonds.
Moved together

"Sales Growth, Maintaining and Improving Gross Margin, and a Real Estate Business Mix of Approximately 20%" moved the same way as this thread, in the same document, in 5 of its 10 moves.

53★12
  1. ★This thread
  2. 1Sales Growth, Maintaining and Improving Gross Margin, and a Real Estate Business Mix of Approximately 20%5×
  3. 2Appropriate capital policy targets: a 40% equity ratio and 10% ROE3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Cados yet. It last moved in the General Meetings of Shareholders of 2026-09-30: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Reliance on Interest-Bearing Debt and Funding for the Real Estate Business | Cados Corporation (211A) | Komori