High reliance on interest-bearing debt and funding and interest-rate risk
First written in FY2017. 21 of 30 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-06-12.
Care Twentyone moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2017: 28 of 107 companies on the "Worse" side.
84 other companies' latest entry also says "Worsened".
- 2026-06-12WorsenedEarnings
「Non-current liabilities increased by ¥414 million from the end of the previous consolidated fiscal year to ¥14,340 million. This was mainly due to an ¥813 million increase in long-term borrowings and a ¥429 million decrease in lease obligations.」
Although lease obligations declined, long-term borrowings increased by ¥813 million, resulting in an overall increase in non-current liabilities. - FY2026-H1Higher Borrowings Accompanied by Lower Lease LiabilitiesAnnual report
「Non-current liabilities increased by ¥414 million from the end of the previous consolidated fiscal year to ¥14,340 million. This was mainly due to an ¥813 million increase in long-term borrowings and a ¥429 million decrease in lease obligations.」
While lease obligations declined, long-term borrowings increased by ¥813 million, and total non-current liabilities increased by ¥414 million, resulting in a contraction in liability exposure alongside higher borrowings. - 2026-03-13WorsenedEarnings
「Non-current liabilities increased by ¥1,212 million from the end of the previous consolidated fiscal year to ¥15,138 million. This was mainly due to a ¥1,411 million increase in long-term borrowings.」
Long-term borrowings increased by ¥1,411 million, expanding funding exposure. - FY2025MitigatedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt stood at ¥18,545 million, accounting for 59.8% of total assets. Lease obligations stood at ¥9,192 million, accounting for 29.6% of total assets, indicating a high level of reliance on interest-bearing debt.」
Interest-bearing debt declined from ¥19,493 million in the previous fiscal year to ¥18,545 million, while its ratio of total assets fell from 61.6% to 59.8%. However, the company continues to characterize its reliance as high. - FY2025-H1Higher Borrowings Accompanied by Lower Lease LiabilitiesAnnual report
「Non-current liabilities decreased by ¥209 million from the end of the previous consolidated fiscal year to ¥14,773 million. This was mainly due to a ¥204 million increase in long-term borrowings and a ¥409 million decrease in lease obligations.」
While total non-current liabilities and lease obligations declined, long-term borrowings increased by ¥204 million, resulting in a contraction in financing exposure alongside higher borrowings. - FY2024WorsenedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt stood at ¥19,494 million, accounting for 61.6% of total assets. Lease obligations stood at ¥10,049 million, accounting for 31.7% of total assets, indicating a high level of reliance on interest-bearing debt.」
The company disclosed interest-bearing debt of ¥19,493 million, not ¥194,900 million, a ratio of 61.6% of total assets, and lease obligations of ¥10,049 million, continuing to identify high reliance on liabilities and financing and interest rate increase risks. - FY2024-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥441 million from the end of the previous consolidated fiscal year to ¥15,653 million. This was mainly due to a ¥673 million increase in long-term borrowings and a ¥327 million decrease in lease obligations.」
While lease obligations declined, long-term borrowings increased by ¥673 million, and non-current liabilities increased by ¥441 million. Reliance on borrowings and financing exposure are expanding. - FY2024-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥1,053 million from the end of the previous consolidated fiscal year to ¥1,626.5 million. This was mainly attributable to a ¥1,143 million increase in long-term borrowings and a ¥143 million decrease in lease obligations.」
Although lease obligations declined, long-term borrowings increased by ¥1,143 million and non-current liabilities increased by ¥1,053 million. Financing exposure and reliance on borrowings are expanding. - FY2023-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥1,295 million from the end of the previous consolidated fiscal year to ¥21,769 million. This was mainly due to a ¥1,922 million increase in long-term borrowings and a ¥664 million decrease in lease obligations.」
While lease obligations declined, long-term borrowings increased by ¥1,922 million, and non-current liabilities increased by ¥1,295 million. In addition, short-term borrowings increased by ¥900 million, expanding financing exposure. - FY2023-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥1,909 million from the end of the previous consolidated fiscal year to ¥22,384 million. This was mainly due to a ¥2,347 million increase in long-term borrowings and a ¥438 million decrease in lease obligations.」
While lease obligations declined, long-term borrowings increased by ¥2,347 million, and non-current liabilities increased by ¥1,909 million. Financing exposure is expanding. - FY2023-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥2,479 million from the end of the previous consolidated fiscal year to ¥22,954 million. This was mainly due to a ¥2,773 million increase in long-term borrowings and a ¥265 million decrease in lease obligations.」
While lease obligations declined, long-term borrowings increased by ¥2,773 million, and non-current liabilities increased by ¥2,479 million. Financing exposure is expanding. - FY2022Lower interest-bearing debt coexists with a higher reliance ratioAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt stood at ¥22,515 million, including lease obligations of ¥17,434 million. Interest-bearing debt accounted for 61.9% of total assets, including 47.9% attributable to lease obligations, indicating a high level of reliance on interest-bearing debt.」
Interest-bearing debt declined from ¥22,964 million in the previous fiscal year to ¥22,514 million, while its ratio of total assets rose from 61.1% to 61.9%. The high level of reliance and financing and interest rate increase risks continue. - FY2022-Q3Lower non-current liabilities coexist with higher borrowingsAnnual report
「Non-current liabilities decreased by ¥443 million from the end of the previous consolidated fiscal year to ¥21,155 million. This was mainly due to a ¥458 million increase in long-term borrowings, a ¥782 million decrease in lease obligations, and a ¥179 million decrease in other non-current liabilities.」
Non-current liabilities declined by ¥443 million from the end of the previous fiscal year, and lease obligations also declined by ¥782 million, while long-term borrowings increased by ¥458 million, resulting in a contraction in financing exposure alongside higher borrowings. - FY2022-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥122 million from the end of the previous consolidated fiscal year to ¥21,720 million. This was mainly due to an ¥870 million increase in long-term borrowings, a ¥519 million decrease in lease obligations, and a ¥278 million decrease in other non-current liabilities.」
Although lease obligations declined, long-term borrowings increased by ¥870 million, and non-current liabilities increased by ¥122 million from the end of the previous fiscal year. The company discloses an expansion of financing exposure. - FY2022-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥627 million from the end of the previous consolidated fiscal year to ¥22,226 million. This was mainly due to a ¥1,276 million increase in long-term borrowings, a ¥257 million decrease in lease obligations, and a ¥393 million decrease in other non-current liabilities.」
While lease obligations declined, long-term borrowings increased by ¥1,276 million, and non-current liabilities increased by ¥627 million from the end of the previous fiscal year. The company discloses an expansion of financing exposure. - FY2021MitigatedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt stood at ¥22,965 million, including lease obligations of ¥18,448 million. Interest-bearing debt accounted for 61.1% of total assets, including 49.1% attributable to lease obligations.」
Interest-bearing debt declined from ¥23,871,066 thousand in the previous fiscal year to ¥22,964,523 thousand, while its ratio of total assets fell from 70.6% to 61.1%. However, the company continues to characterize its reliance as high. - FY2021-Q3Lower non-current liabilities and lease obligations coexist with higher borrowingsAnnual report
「Non-current liabilities decreased by ¥451 million from the end of the previous consolidated fiscal year to ¥21,899 million. This was mainly due to a ¥73 million increase in asset retirement obligations, a ¥167 million increase in other non-current liabilities, and a ¥757 million decrease in lease obligations.」
While non-current liabilities and lease obligations declined, current maturities of long-term borrowings and long-term borrowings increased, resulting in a contraction in financing exposure alongside higher borrowings. - FY2021-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥1,003 million from the end of the previous consolidated fiscal year to ¥23,355 million. This was mainly due to an ¥824 million increase in long-term borrowings, a ¥249 million decrease in lease obligations, and a ¥416 million increase in other non-current liabilities.」
Although lease obligations declined, long-term borrowings increased by ¥824 million and non-current liabilities increased by ¥1,003 million. The company discloses an expansion of financing exposure. - FY2020-Q3WorsenedAnnual report
「Current liabilities at the end of the third quarter of the consolidated fiscal year increased by ¥1,626 million from the end of the previous consolidated fiscal year to ¥8,502 million. This was mainly due to a ¥1,000 million increase in short-term borrowings and a ¥461 million increase in current maturities of long-term borrowings. Non-current liabilities increased by ¥426 million from the end of the previous consolidated fiscal year to ¥22,990 million. This was mainly due to a ¥1,014 million increase in long-term borrowings and a ¥732 million decrease in lease obligations.」
Although lease obligations declined, short-term borrowings, current maturities of long-term borrowings, and long-term borrowings increased, expanding current liabilities, non-current liabilities, and financing exposure. - FY2020-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥147 million from the end of the previous consolidated fiscal year to ¥22,711 million. This was mainly due to a ¥687 million increase in long-term borrowings, a ¥487 million decrease in lease obligations, and an ¥81 million decrease in other non-current liabilities.」
Although lease obligations declined, long-term borrowings increased by ¥687 million, resulting in a ¥147 million increase in non-current liabilities. Short-term borrowings also increased by ¥1,000 million, expanding financing exposure. - FY2020-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥821 million from the end of the previous consolidated fiscal year to ¥23,385 million. This was mainly due to a ¥982 million increase in long-term borrowings and a ¥241 million decrease in lease obligations.」
Long-term borrowings increased by ¥982 million, more than offsetting the decrease in lease obligations, and non-current liabilities increased by ¥821 million. Interest-bearing debt on the balance sheet increased from the end of the previous fiscal year, expanding financing exposure. - FY2019Higher interest-bearing debt and lower reliance ratio coexistAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt stood at ¥23,871 million, including lease obligations of ¥20,369 million. Interest-bearing debt accounted for 70.6% of total assets, including 60.2% attributable to lease obligations, indicating a high level of reliance on interest-bearing debt.」
Interest-bearing debt increased from ¥23,349 million in the previous fiscal year to ¥23,871 million, while its ratio of total assets declined from 74.7% to 70.6%. The company continues to disclose its high level of reliance and financing and interest rate increase risks. - FY2019-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥2,511 million from the end of the previous consolidated fiscal year to ¥22,991 million. This was mainly due to a ¥1,425 million increase in long-term borrowings, an ¥842 million increase in lease obligations, and a ¥213 million increase in other liabilities.」
Non-current liabilities expanded further due to increases of ¥1,425 million in long-term borrowings and ¥842 million in lease obligations, increasing reliance on liabilities associated with financing and interest rate increase risks. - FY2019-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥2,633 million from the end of the previous consolidated fiscal year to ¥23,113 million. This was mainly due to an ¥884 million increase in lease obligations and a ¥1,647 million increase in long-term borrowings.」
Lease obligations increased by ¥884 million and long-term borrowings by ¥1,647 million, further expanding non-current liabilities. Reliance on liabilities associated with financing and interest rate increase risks is increasing. - FY2019-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥2,507 million from the end of the previous consolidated fiscal year to ¥22,987 million. This was mainly due to an ¥1,857 million increase in long-term borrowings and a ¥684 million increase in lease obligations.」
Non-current liabilities expanded further due to increases of ¥1,857 million in long-term borrowings and ¥684 million in lease obligations, increasing reliance on liabilities associated with financing and interest rate increase risks. - FY2018WorsenedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt stood at ¥23,350 million, including lease obligations of ¥19,609 million. Interest-bearing debt accounted for 74.7% of total assets, including 62.7% attributable to lease obligations, indicating a high level of reliance on interest-bearing debt.」
Interest-bearing debt increased from ¥19,529 million to ¥23,349 million, while its ratio of total assets rose from 73.2% to 74.7%, further increasing reliance on liabilities. - FY2018-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥4,227 million from the end of the previous consolidated fiscal year to ¥21,551 million. This was mainly due to a ¥3,450 million increase in lease obligations, a ¥490 million increase in long-term borrowings, and a ¥247 million increase in other liabilities.」
Non-current liabilities expanded further due to increases of ¥3,450 million in lease obligations and ¥490 million in long-term borrowings, increasing reliance on liabilities associated with financing and interest rate increase risks. - FY2018-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥3,574 million from the end of the previous consolidated fiscal year to ¥20,898 million. This was mainly due to a ¥2,732 million increase in lease obligations and a ¥651 million increase in long-term borrowings.」
Non-current liabilities expanded further due to increases in lease obligations and long-term borrowings, increasing reliance on liabilities associated with financing and interest rate increase risks. - FY2018-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥2,124 million from the end of the previous consolidated fiscal year to ¥19,447 million. This was mainly due to a ¥1,288 million increase in lease obligations and a ¥730 million increase in long-term borrowings.」
Lease obligations increased by ¥1,288 million and long-term borrowings by ¥730 million, increasing reliance on liabilities and financing exposure. - FY2017First statedAnnual report
「At the end of the consolidated fiscal year, interest-bearing debt stood at ¥19,529,285 thousand, including lease liabilities of ¥16,468,119 thousand. Interest-bearing debt accounted for 73.2% of total assets, including 61.7% attributable to lease liabilities, indicating a high degree of reliance on interest-bearing debt. Accordingly, if funding could not be obtained as planned because of changes in financial conditions or if interest rates rose, revisions to business plans or higher interest expense could affect the group’s financial position and operating results.」
Discloses interest-bearing debt of ¥19,529 million, or 73.2% of total assets, and identifies funding constraints and higher interest rates as risks that could require business-plan revisions and increase interest expense.