Dependence on interest-bearing debt and interest rate and financing risks
First written in FY2016. 17 of 34 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-10-23.
TETSUJIN Holdings 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".
- FY2026-H1WorsenedAnnual report
「The main factors were increases of ¥220 million in accounts payable, ¥422 million in short-term borrowings, ¥16 million in provision for bonuses, ¥16 million in consumption taxes payable and other items, and ¥40 million in accrued expenses, together with a ¥27 million decrease in accounts payable and other items.」
While short-term borrowings increased by ¥422 million, long-term borrowings decreased by ¥15 million, and funding exposure through borrowings is increasing again. - FY2025MitigatedAnnual report
「The ratio of dependence on interest-bearing debt was 51.6% in the consolidated fiscal year.」
The Company disclosed dependence on interest-bearing debt of 51.6%, indicating a decline from the high level of dependence reported previously. - FY2025-H1WorsenedAnnual report
「The main factors were increases of ¥26 million in the provision for retirement benefits and ¥144 million in long-term borrowings, among others.」
Long-term borrowings increased by ¥144 million, expanding fixed liabilities and exposure to interest-bearing debt. - FY2024-Q3MitigatedAnnual report
「As a result of the early repayment of part of the existing borrowings described above, principal repayments on borrowings will decrease by ¥36.6 million in the fiscal year ending August 2024, by ¥73.2 million in each of the fiscal years ending August 2025 through August 2027, and by ¥76.8 million in the fiscal year ending August 2028 and thereafter.」
The Company is easing the repayment burden by making early repayments of part of its existing borrowings and reducing principal repayments in each fiscal year. - FY2024-Q2MitigatedAnnual report
「The Company is making early repayments of part of its existing borrowings in order to reduce annual repayment amounts.」
The Company borrowed ¥600 million on 29 March 2024 and implemented a policy of making early repayments totalling ¥333 million on existing term loans, with the aim of easing the annual repayment burden. - FY2024-Q1Increase in short-term borrowings, decrease in long-term borrowingsAnnual report
「The main factors were increases of ¥150 million in short-term borrowings and ¥9 million in accounts payable, and a ¥100 million decrease in long-term borrowings due within one year, among others. Fixed liabilities amounted to ¥1,146 million, down ¥66 million. The main factor was a ¥61 million decrease in long-term borrowings, among others.」
While short-term borrowings increased by ¥150 million, long-term borrowings due within one year and long-term borrowings decreased, resulting in a change in the borrowing structure. - FY2023-Q3WorsenedAnnual report
「Current liabilities amounted to ¥2,934 million, up ¥1,623 million. The main factor was a ¥1,649 million increase in long-term borrowings due within one year, among others. Fixed liabilities amounted to ¥1,285 million, down ¥1,684 million. The main factor was a ¥1,651 million decrease in long-term borrowings and long-term lease obligations, among others.」
While long-term borrowings and other debt decreased, long-term borrowings due within one year increased by ¥1,649 million, resulting in a greater concentration of borrowings nearing maturity. - FY2023-Q2WorsenedAnnual report
「Fixed liabilities amounted to ¥3,040 million, up ¥70 million. The main factor was a ¥131 million increase in long-term borrowings, among others.」
Long-term borrowings increased by ¥131 million and fixed liabilities increased by ¥70 million, expanding exposure to interest-bearing debt. - FY2023-Q1WorsenedAnnual report
「Fixed liabilities amounted to ¥3,243 million, up ¥274 million. The main factor was a ¥322 million increase in long-term borrowings, among others.」
Fixed liabilities increased by ¥274 million and long-term borrowings increased by ¥322 million, expanding exposure to interest-bearing debt. - FY2022MitigatedAnnual report
「The ratio of dependence on interest-bearing debt was 68.5% in the consolidated fiscal year.」
Dependence on interest-bearing debt declined from 69.1% in the previous fiscal year to 68.5%, and ¥583 million in long-term borrowings and other debt was repaid. - FY2022-Q3MitigatedAnnual report
「The main factors were decreases of ¥326 million in long-term borrowings and long-term lease obligations, among others.」
Long-term borrowings and long-term lease obligations decreased by ¥326 million, reducing exposure to interest-bearing debt. - FY2022-Q2MitigatedAnnual report
「The main factors were decreases of ¥163 million in long-term borrowings and long-term lease obligations」
Long-term borrowings and long-term lease obligations decreased by ¥163 million, reducing exposure to interest-bearing debt. - FY2022-Q1MitigatedAnnual report
「The main factor was a ¥139 million decrease in long-term borrowings, among others.」
Long-term borrowings decreased by ¥139 million from the end of the previous consolidated fiscal year, reducing exposure to interest-bearing debt. - FY2021-Q3Continued extension of borrowing maturitiesAnnual report
「The main factor was the ¥2,671 million decrease in long-term borrowings due within one year, resulting from the execution of a new term loan agreement to refinance borrowings maturing in March 2021, among other factors.」
Through refinancing, long-term borrowings due within one year decreased by ¥2,671 million, while long-term borrowings increased by ¥2,496 million. Borrowing maturities continue to be extended. - FY2021-Q2Continued extension of borrowing maturitiesAnnual report
「The main factor was a ¥2,683 million decrease in long-term borrowings due within one year. Fixed liabilities amounted to ¥3,643 million, up ¥2,679 million. The main factor was a ¥2,637 million increase in long-term borrowings.」
While long-term borrowings due within one year decreased by ¥2,683 million, long-term borrowings increased by ¥2,637 million, indicating continued extension of borrowing maturities. - FY2021-Q1Extension of borrowing maturitiesAnnual report
「Current liabilities amounted to ¥1,585 million, down ¥2,750 million. The main factor was a ¥2,695 million decrease in long-term borrowings due within one year, among others. Fixed liabilities amounted to ¥3,762 million, up ¥2,797 million. The main factor was a ¥2,772 million increase in long-term borrowings, among others.」
While long-term borrowings due within one year decreased by ¥2,695 million, long-term borrowings increased by ¥2,772 million, shifting the borrowing structure toward longer maturities. This indicates simultaneous measures to address funding risk and extend repayment maturities. - FY2020MitigatedAnnual report
「The ratio of dependence on interest-bearing debt was 69.1% in the consolidated fiscal year.」
Dependence on interest-bearing debt declined from 72.3% in the previous fiscal year to 69.1%. The Company also states that it carried out refinancing and obtained new funding for amounts reaching maturity. - FY2020-Q3WorsenedAnnual report
「Current liabilities amounted to ¥3,987 million, up ¥2,549 million. The main factors were a ¥2,914 million increase in long-term borrowings due within one year and a ¥299 million decrease in accrued expenses, among others. Fixed liabilities amounted to ¥946 million, down ¥2,533 million. The main factor was a ¥2,638 million decrease in long-term borrowings, among others.」
Long-term borrowings due within one year increased by ¥2,914 million as long-term borrowings were reclassified to current liabilities, indicating a concentration of repayment maturities. - FY2020-Q2WorsenedAnnual report
「The main factors were a ¥340 million increase in short-term borrowings and a ¥151 million decrease in accrued expenses, among others. Fixed liabilities amounted to ¥3,423 million, down ¥57 million. The main factor was a ¥125 million decrease in long-term borrowings, among others.」
While long-term borrowings decreased by ¥125 million, short-term borrowings increased by ¥340 million, resulting in an increase in total borrowings from the end of the previous consolidated fiscal year. - FY2020-Q1MitigatedAnnual report
「The main factor was a ¥98 million decrease in long-term borrowings, among others.」
Long-term borrowings decreased by ¥98 million from the end of the previous consolidated fiscal year, reducing exposure to interest-bearing debt. - FY2019-Q3MitigatedAnnual report
「Fixed liabilities amounted to ¥3,566 million, down ¥256 million. The main factor was a ¥300 million decrease in long-term borrowings, among others.」
Fixed liabilities decreased by ¥256 million and long-term borrowings decreased by ¥300 million, reducing exposure to interest-bearing debt. - FY2019-Q2MitigatedAnnual report
「Fixed liabilities amounted to ¥3,629 million, down ¥193 million. The main factor was a ¥200 million decrease in long-term borrowings, among others.」
Long-term borrowings decreased by ¥200 million, indicating lower exposure to interest-bearing debt. - FY2018MitigatedAnnual report
「The ratio of dependence on interest-bearing debt was 72.3% in the consolidated fiscal year (fiscal year ended August 2018).」
Dependence on interest-bearing debt declined from 80.5% in the previous fiscal year to 72.3%. The Company also disclosed refinancing and a private placement of shares as measures to address funding risk. - FY2018-Q3MitigatedAnnual report
「The Company carried out refinancing to improve cash flow and stabilise long-term funding, and strengthened its capital base by ¥556 million through a private placement of shares in order to strengthen its financial base further and shift toward growth.」
Measures to address funding and dependence on interest-bearing debt are progressing through refinancing and a ¥556 million private placement of shares. - FY2018-Q2MitigatedAnnual report
「The main factors were decreases of ¥848 million in borrowings and ¥110 million in accrued expenses, among others.」
Borrowings at the end of the second quarter decreased by ¥848 million from the end of the previous consolidated fiscal year. Refinancing was also carried out as a subsequent event, and measures to address exposure to interest-bearing debt are progressing. - FY2018-Q1MitigatedAnnual report
「The main factors were a ¥427 million decrease in borrowings and a ¥59 million decrease in accrued expenses, among others.」
The balance of borrowings decreased by ¥427 million from the end of the previous consolidated fiscal year, indicating a partial reduction in exposure to interest-bearing debt. - FY2017WorsenedAnnual report
「The ratio of dependence on interest-bearing debt was 80.5% in the consolidated fiscal year (fiscal year ended August 2017).」
Dependence on interest-bearing debt increased from 65.3% in the previous fiscal year to 80.5%, heightening the disclosed risks of higher interest rates and an inability to obtain financing. - FY2017-Q3MitigatedAnnual report
「The main factors were decreases of ¥191 million in borrowings and ¥39 million in accrued expenses, among others.」
Borrowings decreased by ¥191 million from the end of the previous consolidated fiscal year, reducing the balance of interest-bearing debt. - FY2016First statedAnnual report
「The ratio of dependence on interest-bearing debt was 65.3% in the consolidated fiscal year (fiscal year ended August 2016).」
This indicates the possibility that higher interest rates or an inability to obtain planned financing from financial institutions could lead to increased interest expense and an inability to open new stores.