Reliance on Interest-Bearing Debt and Interest Rate and Refinancing Risks
First written in FY2022. 13 of 15 entries say "Worsened", first in FY2023. Latest entry: 2026-08-13.
Lifedrink Company moved to the "Worse" side of this theme in 2023, 2 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".
- FY2026WorsenedAnnual report
「As of the end of the fiscal year ending March 2026, our group's interest-bearing debt, including lease liabilities, totaled ¥22,920 million, and its dependence on interest-bearing debt was 48.7%.」
Interest-bearing debt increased from ¥12,401 million in the previous fiscal year to ¥22,920 million, while dependence on interest-bearing debt rose from 37.3% to 48.7%, increasing exposure to interest-rate and refinancing risks. - FY2026-H1WorsenedAnnual report
「This was mainly due to increases of ¥3,016 million in short-term borrowings and ¥1,110 million in long-term borrowings.」
Short-term borrowings increased by ¥3,016 million and long-term borrowings by ¥1,110 million, again increasing exposure to interest-bearing debt. Financing activities also included proceeds of ¥3,016 million from short-term borrowings and ¥1,930 million from long-term borrowings. - FY2025MitigatedAnnual report
「As of the end of the fiscal year ended March 2025, our group's interest-bearing debt, including lease liabilities, totaled ¥12,401 million, and its dependence on interest-bearing debt was 37.3%.」
Interest-bearing debt decreased from ¥13,740 million in the previous fiscal year to ¥12,401 million, while dependence on interest-bearing debt declined from 44.8% to 37.3%. Interest-rate and refinancing risks continue to be disclosed. - FY2025-H1WorsenedAnnual report
「"Current portion of long-term borrowings" increased by ¥455 million; "Long-term borrowings" increased by ¥59 million" "Proceeds from long-term borrowings: ¥1,000 million"」
At the interim period-end, the current portion of long-term borrowings had increased by ¥455 million and long-term borrowings by ¥59 million. The group also recorded ¥1,000 million in proceeds from long-term borrowings. Exposure to interest-bearing debt continued to increase. - FY2024WorsenedAnnual report
「As of the end of the fiscal year ended March 2024, our group's interest-bearing debt, including lease liabilities, totaled ¥13,740 million, and its dependence on interest-bearing debt was 44.8%.」
Interest-bearing debt increased from ¥9,717 million in the previous fiscal year to ¥13,740 million, increasing exposure to interest-bearing debt. Dependence on interest-bearing debt rose from 43.8% to 44.8%. - FY2024-Q3WorsenedAnnual report
「This was mainly due to an increase of ¥3,751 million in long-term borrowings.」
At the end of the third-quarter consolidated accounting period, long-term borrowings had increased by ¥3,751 million from the end of the previous consolidated fiscal year to ¥8,832 million, further increasing exposure to interest-bearing debt. - FY2024-Q2WorsenedAnnual report
「This was mainly due to an increase of ¥2,809 million in long-term borrowings.」
At the end of the second-quarter consolidated accounting period, long-term borrowings had increased by ¥2,809 million from the end of the previous consolidated fiscal year to ¥7,890 million. Short-term borrowings, meanwhile, had decreased by ¥3,000 million, and exposure to interest-bearing debt through long-term borrowings had increased alongside a change in the borrowing mix. - FY2024-Q1WorsenedAnnual report
「Total commitment: Tranche A: ¥3,300 million; Tranche B: ¥3,900 million; Tranche C: ¥1,000 million" "Borrowing period: 28 April 2023 to 31 March 2034, including the commitment period" "Borrowing rate: Floating rate linked to market interest rates」
The group entered into loan agreements totaling ¥8,200 million, with long-term, floating-rate borrowings for the construction of a new plant and the acquisition of equipment, increasing its exposure to interest-bearing debt, including the risks of higher interest rates, refinancing and repayment burdens. - FY2023WorsenedAnnual report
「As of the end of the fiscal year ended March 2023, our group's interest-bearing debt, including lease liabilities, totaled ¥9,717 million, and its dependence on interest-bearing debt was 43.8%.」
Interest-bearing debt increased from ¥7,713 million in the previous fiscal year to ¥9,717 million. Dependence on interest-bearing debt declined from 45.0% to 43.8%, but the risks of increasing difficulty in refinancing and higher interest expense due to rising interest rates remain. - FY2022First statedAnnual report
「As of the end of the fiscal year ended March 2022, our group's interest-bearing debt, including lease liabilities, totaled ¥7,713 million, and its dependence on interest-bearing debt was 45.0%.」
Interest-bearing debt totaled ¥7,713 million, with dependence on interest-bearing debt at 45.0%, and the group identifies increasing difficulty in refinancing and higher interest expense due to rising market interest rates as risks.