Financial Risk from Reliance on Borrowings and Interest-Bearing Debt
First written in FY2016. 18 of 28 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2026.
UT Group 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.
10 other companies' latest entry also says "Other".
- FY2026Borrowings increased while borrowings subject to financial covenants decreasedAnnual report
「Total liabilities at the end of the consolidated fiscal year increased by ¥1,307 million from the end of the previous consolidated fiscal year to ¥31,331 million. This was mainly due to a ¥1,250 million increase in long-term borrowings.」
Long-term borrowings increased from ¥5,695 million to ¥6,945 million, expanding borrowing exposure. Meanwhile, borrowings subject to financial covenants decreased from ¥5,270 million to ¥3,940 million. - 2026-05-14WorsenedRevision of earnings forecasts
「Non-current liabilities amounted to ¥8,736 million, an increase of ¥1,640 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,250 million in long-term borrowings.」
The company disclosed increases in non-current liabilities and long-term borrowings, indicating greater borrowing and interest-bearing debt exposure. - FY2026-H1WorsenedAnnual report
「Non-current liabilities totaled ¥9,715 million, up ¥2,618 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,674 million increase in long-term borrowings.」
Long-term borrowings increased from ¥5,695 million at the end of the previous fiscal year to ¥8,370 million, expanding borrowing and interest-bearing debt exposure. Financing activities also included ¥5,000 million in proceeds from long-term borrowings. - FY2025MitigatedAnnual report
「Long-term borrowings at the end of the consolidated fiscal year totaled ¥7,895 million, down ¥3,310 million from ¥11,205 million at the end of the previous consolidated fiscal year. Certain borrowings totaling ¥5,270 million, including long-term borrowings due for repayment within 1 year, are subject to financial covenants concerning net assets, profit and other items.」
Long-term borrowings decreased from ¥11,205 million at the end of the previous fiscal year to ¥7,895 million, while borrowings subject to financial covenants decreased from ¥6,705 million to ¥5,270 million, reducing financial risk. - FY2025-H1MitigatedAnnual report
「Non-current liabilities totaled ¥8,385 million, down ¥661 million from the end of the previous consolidated fiscal year. This was mainly because long-term borrowings decreased by ¥1,279 million, despite a ¥431 million increase in liabilities related to retirement benefits.」
Long-term borrowings decreased by ¥1,279 million and non-current liabilities by ¥661 million, further reducing borrowing and interest-bearing debt exposure. - FY2024MitigatedAnnual report
「Non-current liabilities totaled ¥9,046 million, down ¥4,752 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥4,500 million decrease in long-term borrowings.」
Long-term borrowings decreased from ¥15,990 million at the end of the previous fiscal year to ¥11,400 million, while borrowings subject to financial covenants decreased from ¥9,574 million to ¥6,705 million, reducing borrowing exposure. - FY2024-Q3MitigatedAnnual report
「Non-current liabilities totaled ¥9,904 million, down ¥3,894 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,712 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥3,712 million and non-current liabilities by ¥3,894 million, further reducing borrowing and interest-bearing debt exposure. - FY2024-Q2MitigatedAnnual report
「Non-current liabilities totaled ¥10,668 million, down ¥3,129 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,975 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥2,975 million and non-current liabilities by ¥3,129 million, further reducing borrowing and interest-bearing debt exposure. - FY2024-Q1MitigatedAnnual report
「Non-current liabilities totaled ¥11,617 million, down ¥2,180 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,040 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥2,040 million and non-current liabilities by ¥2,180 million, further reducing the borrowing and interest-bearing debt exposure that had expanded in the previous fiscal year. - FY2023MitigatedAnnual report
「Long-term borrowings at the end of the consolidated fiscal year totaled ¥12,400 million, down ¥3,589 million from ¥15,990 million at the end of the previous consolidated fiscal year. Certain borrowings totaling ¥9,574 million, including long-term borrowings due for repayment within 1 year, are subject to financial covenants concerning net assets, profit and other items.」
Long-term borrowings and borrowings subject to financial covenants decreased from the end of the previous fiscal year, reducing borrowing and financial covenant exposure. - FY2023-Q3MitigatedAnnual report
「Non-current liabilities totaled ¥14,673 million, down ¥2,734 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,711 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥2,711 million, and non-current liabilities also decreased, reducing borrowing and interest-bearing debt exposure. - FY2023-Q2MitigatedAnnual report
「Non-current liabilities totaled ¥15,541 million, down ¥1,866 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,844 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥1,844 million, reducing borrowing and interest-bearing debt exposure from the end of the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「Non-current liabilities totaled ¥16,523 million, down ¥884 million from the end of the previous consolidated fiscal year. This was mainly due to an ¥872 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥872 million from the end of the previous fiscal year, partially reducing in the current quarter the borrowing and interest-bearing debt exposure that had expanded in the previous fiscal year. - FY2022WorsenedAnnual report
「Total liabilities at the end of the consolidated fiscal year increased by ¥10,406 million from the end of the previous consolidated fiscal year to ¥42,875 million. This was mainly due to a ¥6,826 million increase in long-term borrowings. Certain borrowings totaling ¥11,303 million during the consolidated fiscal year, including long-term borrowings due for repayment within 1 year, are subject to financial covenants concerning net assets, profit and other items.」
Long-term borrowings increased from ¥9,163 million to ¥15,990 million, while borrowings subject to financial covenants totaled ¥11,303 million. - FY2022-Q3MitigatedAnnual report
「Non-current liabilities totaled ¥9,240 million, down ¥663 million from the end of the previous consolidated fiscal year. This was mainly because long-term borrowings decreased by ¥1,358 million, despite increases of ¥494 million in deferred tax liabilities and ¥205 million in liabilities related to retirement benefits.」
Long-term borrowings decreased by ¥1,358 million, and non-current liabilities also decreased by ¥663 million, partially reducing borrowing and interest-bearing debt exposure. - FY2022-Q2MitigatedAnnual report
「Non-current liabilities totaled ¥9,695 million, down ¥208 million from the end of the previous consolidated fiscal year. This was mainly because long-term borrowings decreased by ¥784 million, despite a ¥512 million increase in deferred tax liabilities.」
Long-term borrowings decreased by ¥784 million, partially reducing the borrowing and interest-bearing debt exposure. - FY2022-Q1MitigatedAnnual report
「Non-current liabilities totaled ¥9,957 million, up ¥53 million from the end of the previous consolidated fiscal year. This was mainly because deferred tax liabilities increased by ¥532 million and liabilities related to retirement benefits increased by ¥107 million, despite a ¥577 million decrease in long-term borrowings.」
Although non-current liabilities increased slightly, long-term borrowings decreased by ¥577 million, indicating a partial reduction in the borrowing exposure that had expanded through the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「Non-current liabilities totaled ¥10,869 million, up ¥3,861 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,118 million increase in long-term borrowings.」
Non-current liabilities increased by ¥3,861 million from the end of the previous consolidated fiscal year due to higher long-term borrowings, and the expansion of borrowing and interest-bearing debt exposure has continued. - FY2021-Q2WorsenedAnnual report
「Non-current liabilities totaled ¥10,660 million, up ¥3,652 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,067 million increase in long-term borrowings.」
Long-term borrowings increased from ¥6,742 million to ¥9,809 million, while non-current liabilities also increased to ¥10,660 million. Borrowing and interest-bearing debt exposure is increasing further. - FY2021-Q1WorsenedAnnual report
「Non-current liabilities totaled ¥11,008 million, up ¥4,000 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,644 million increase in long-term borrowings.」
Non-current liabilities increased by ¥4,000 million due to higher long-term borrowings, further expanding the borrowing and interest-bearing debt exposure that had narrowed through the previous quarter. - FY2020-Q3WorsenedAnnual report
「Non-current liabilities totaled ¥7,267 million, up ¥3,452 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,437 million increase in long-term borrowings.」
Non-current liabilities increased by ¥3,452 million due to higher long-term borrowings, expanding the borrowing and interest-bearing debt exposure that had previously been narrowing. The company also drew a total of ¥5,000 million in long-term working capital loans on 10 December 2019 to fund future business expansion. - FY2020-Q2MitigatedAnnual report
「Non-current liabilities totaled ¥3,123 million, down ¥692 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥708 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥708 million and non-current liabilities by ¥692 million, further reducing financial exposure related to reliance on borrowings. - FY2020-Q1MitigatedAnnual report
「Non-current liabilities totaled ¥3,461 million, down ¥354 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥361 million decrease in long-term borrowings.」
Non-current liabilities decreased by ¥354 million and long-term borrowings by ¥361 million, further reducing financial exposure related to reliance on borrowings. - FY2019MitigatedAnnual report
「Non-current liabilities totaled ¥3,815 million, down ¥1,725 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,609 million decrease in long-term borrowings.」
Long-term borrowings and non-current liabilities decreased from the end of the previous fiscal year, reducing the balance exposure related to reliance on borrowings. At the same time, the company disclosed ¥1,000 million of borrowings subject to financial covenants. - FY2019-Q3MitigatedAnnual report
「Non-current liabilities totaled ¥4,484 million, down ¥1,056 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,255 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥1,255 million, while non-current liabilities also decreased by ¥1,056 million. Financial exposure related to reliance on borrowings narrowed. - FY2019-Q2MitigatedAnnual report
「Non-current liabilities totaled ¥4,803 million, down ¥737 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥878 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥878 million, while non-current liabilities also decreased by ¥737 million from the end of the previous consolidated fiscal year. The balance indicating the group's financial exposure to reliance on borrowings decreased. - FY2018WorsenedAnnual report
「Our group obtains much of the funding required for business expansion through borrowings from financial institutions, and its interest-bearing debt totaled ¥7,696 million at the end of the consolidated fiscal year.」
Interest-bearing debt totaled ¥7,696 million, up from ¥7,046 million in FY2016. - FY2016First statedAnnual report
「Our group obtains much of the funding required for business expansion through borrowings from financial institutions, and its interest-bearing debt totaled ¥7,046 million at the end of the fiscal year ended March 2016. Although borrowing rates have remained extremely low due to monetary easing measures and other factors, any delay in repayment could result in the loss of the benefit of time for repayment. In that event, the group's financial position and operating results could be affected.」
The group relies on borrowings to fund business expansion and has disclosed interest-bearing debt of ¥7,046 million.