Reducing Interest-Bearing Debt
First written in FY2016. 19 of 30 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2027-H1.
Arata moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 6 of 25 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「In liabilities, current liabilities amounted to ¥186,970 million, an increase of ¥8,437 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥4,964 million increase in short-term borrowings. Non-current liabilities amounted to ¥46,576 million, a decrease of ¥1,278 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,677 million decrease in long-term borrowings, despite a ¥2,800 million increase in bonds.」
Short-term borrowings increased by ¥4,964 million, and bonds also increased by ¥2,800 million. Against the target of reducing interest-bearing debt, the company reported increases in short-term borrowings and bonds that exceeded the decrease in long-term borrowings. - FY2026WorsenedAnnual report
「The balance of interest-bearing debt, including borrowings and lease liabilities, was ¥53,737 million at the end of the consolidated fiscal year.」
The balance of interest-bearing debt increased substantially from ¥36,033 million at the end of the previous fiscal year to ¥53,737 million, with both short-term and long-term borrowings increasing. - FY2026-H1WorsenedAnnual report
「Non-current liabilities amounted to ¥46,026 million, an increase of ¥9,817 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥10,167 million increase in long-term borrowings.」
Long-term borrowings increased by ¥10,167 million from the end of the previous consolidated fiscal year, while non-current liabilities increased by ¥9,817 million. The company reported an increase in borrowings against its target of reducing interest-bearing debt. - FY2025AdvancedAnnual report
「The balance of interest-bearing debt, including borrowings and lease liabilities, was ¥36,033 million at the end of the consolidated fiscal year.」
The balance of interest-bearing debt decreased from ¥38,408 million at the end of the previous fiscal year to ¥36,033 million. - FY2025-H1WorsenedAnnual report
「This was mainly due to a ¥4,153 million increase in short-term borrowings, despite a ¥13,567 million decrease in notes and accounts payable, trade. Non-current liabilities amounted to ¥35,353 million, a decrease of ¥1,255 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,873 million decrease in long-term borrowings, despite an ¥800 million increase in bonds from new issuance.」
Short-term borrowings and newly issued bonds increased, while long-term borrowings decreased. The company reported changes in the composition of borrowings and bonds and an increase in funding outstanding against its target of reducing interest-bearing debt. - FY2024WorsenedAnnual report
「The balance of interest-bearing debt, including borrowings and lease liabilities, was ¥38,408 million at the end of the consolidated fiscal year.」
The company disclosed interest-bearing debt of ¥38,408 million. It also reported increases of ¥5,000 million in bonds from new issuance and ¥2,034 million in long-term borrowings, indicating that debt financing continued despite its target of reducing interest-bearing debt. - FY2024-Q3WorsenedAnnual report
「In liabilities, current liabilities amounted to ¥191,700 million, an increase of ¥32,940 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥38,347 million increase in notes and accounts payable, trade, despite a ¥6,000 million decrease in bonds due for redemption within one year. Non-current liabilities amounted to ¥37,021 million, an increase of ¥6,991 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥5,000 million increase in bonds from new issuance and a ¥2,161 million increase in long-term borrowings. The amount of accounts receivable transferred increased from ¥47,772 million to ¥54,213 million.」
Interest-bearing debt, comprising short-term borrowings, newly issued bonds and long-term borrowings, increased from the end of the previous fiscal year, while the amount of accounts receivables transferred through the securitisation of trade receivables also increased to ¥54,213 million. - FY2024-Q2AdvancedAnnual report
「Under liabilities, current liabilities totaled ¥174,212 million, an increase of ¥15,451 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥22,638 million in notes and accounts payable, despite a decrease of ¥6,000 million in bonds due for redemption within one year. Non-current liabilities totaled ¥31,343 million, an increase of ¥1,313 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥5,000 million in bonds from a new issuance, despite a decrease of ¥3,597 million in long-term borrowings.」
Bonds due for redemption within one year decreased by ¥6,000 million and long-term borrowings decreased by ¥3,597 million, while ¥5,000 million in new bonds were issued. Although the composition of borrowings and bonds changed, major interest-bearing debt decreased from the previous fiscal year-end. - FY2024-Q1WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥160,384 million, an increase of ¥1,624 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥3,208 million in short-term borrowings. Non-current liabilities totaled ¥28,912 million, a decrease of ¥1,118 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥1,048 million in long-term borrowings. The amount of accounts receivable transferred increased from ¥47,772 million to ¥53,324 million.」
Short-term borrowings increased by ¥3,208 million, and current liabilities also increased. Despite the goal of reducing interest-bearing debt, the company reports an increase in short-term borrowings exceeding the decrease in long-term borrowings, along with expanded securitization of receivables. - FY2023-Q3WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥193,309 million, an increase of ¥49,028 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥33,814 million in notes and accounts payable, ¥8,561 million in short-term borrowings and ¥6,000 million in bonds due for redemption within one year. Non-current liabilities totaled ¥25,314 million, a decrease of ¥5,547 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥6,000 million in bonds transferred to current liabilities.」
Current liabilities increased by ¥49,028 million, with short-term borrowings increasing by ¥8,561 million and bonds due for redemption within one year increasing by ¥6,000 million. The company reports an increase in liabilities involving the reclassification of borrowings and bonds as current liabilities, despite the goal of reducing interest-bearing debt. - FY2023-Q2WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥160,248 million, an increase of ¥15,966 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥3,583 million in notes and accounts payable, ¥4,976 million in short-term borrowings and ¥6,000 million in bonds due for redemption within one year. Non-current liabilities totaled ¥24,118 million, a decrease of ¥6,743 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥6,000 million in bonds transferred to current liabilities.」
Short-term borrowings increased by ¥4,976 million and bonds due for redemption within one year increased by ¥6,000 million, resulting in a ¥15,966 million increase in current liabilities. The company reports an increase in liabilities, including the reclassification of borrowings and bonds as current liabilities, despite the goal of reducing interest-bearing debt. Meanwhile, the amount of accounts receivable transferred was ¥48,851 million, indicating that the securitization of trade receivables continued. - FY2023-Q1WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥148,885 million, an increase of ¥4,603 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥5,879 million in short-term borrowings. Non-current liabilities totaled ¥30,736 million, a decrease of ¥125 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥105 million in long-term borrowings.」
Short-term borrowings increased by ¥5,879 million, while long-term borrowings decreased by ¥105 million. Current liabilities increased by ¥4,603 million from the end of the previous consolidated fiscal year, with short-term borrowings increasing despite the goal of reducing interest-bearing debt. - FY2022-Q3WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥177,578 million, an increase of ¥43,823 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥32,053 million in notes and accounts payable and ¥7,235 million in short-term borrowings. Non-current liabilities totaled ¥31,507 million, an increase of ¥824 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,233 million in long-term borrowings and a decrease of ¥335 million in deferred tax liabilities.」
Both short-term borrowings of ¥7,235 million and long-term borrowings of ¥1,233 million increased, and current and non-current liabilities also increased from the end of the previous consolidated fiscal year. Borrowings increased despite the goal of reducing interest-bearing debt. - FY2022-Q2WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥148,960 million, an increase of ¥15,205 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥3,891 million in notes and accounts payable, ¥6,269 million in short-term borrowings and ¥5,264 million in other current liabilities. Non-current liabilities totaled ¥31,237 million, an increase of ¥555 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥948 million in long-term borrowings.」
Both short-term borrowings of ¥6,269 million and long-term borrowings of ¥948 million increased, and current and non-current liabilities also increased from the end of the previous consolidated fiscal year. Borrowings increased despite the goal of reducing interest-bearing debt. - FY2022-Q1WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥147,262 million, an increase of ¥13,507 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥10,702 million in short-term borrowings. Non-current liabilities totaled ¥29,824 million, a decrease of ¥857 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥818 million in long-term borrowings.」
Short-term borrowings increased by ¥10,702 million, while long-term borrowings decreased by ¥818 million. Current liabilities and total liabilities also increased from the end of the previous consolidated fiscal year, with borrowings increasing despite the goal of reducing interest-bearing debt. - FY2021-Q3WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥164,803 million, an increase of ¥28,563 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥25,232 million in notes and accounts payable and ¥1,350 million in short-term borrowings. Non-current liabilities totaled ¥31,797 million, an increase of ¥1,225 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥861 million in long-term borrowings and ¥678 million in deferred tax liabilities.」
Both short-term borrowings of ¥1,350 million and long-term borrowings of ¥861 million increased, and current and non-current liabilities also increased from the end of the previous consolidated fiscal year. Borrowings increased despite the goal of reducing interest-bearing debt. - FY2021-Q2WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥139,123 million, an increase of ¥2,884 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥484 million in notes and accounts payable, ¥670 million in short-term borrowings, ¥699 million in income taxes payable and ¥429 million in provision for bonuses. Non-current liabilities totaled ¥31,158 million, an increase of ¥586 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥537 million in long-term borrowings.」
Both short- and long-term borrowings increased, and total liabilities also increased from the end of the previous consolidated fiscal year. Borrowings increased despite the goal of reducing interest-bearing debt. - FY2021-Q1WorsenedAnnual report
「This was mainly due to an increase of ¥8,680 million in short-term borrowings. This was mainly due to increases of ¥630 million in long-term borrowings and ¥663 million in deferred tax liabilities. Amount of accounts receivable transferred ¥44,387 million ¥49,064 million」
While short- and long-term borrowings increased, the securitization of trade receivables continued, with the amount of accounts receivable transferred at ¥49,064 million. Borrowings increased despite the goal of reducing interest-bearing debt. - FY2020WorsenedAnnual report
「At the end of the current consolidated fiscal year, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥35,678 million.」
The balance of interest-bearing debt increased from ¥33,624 million at the end of the previous consolidated fiscal year to ¥35,678 million, indicating an increase in the balance against the reduction target. - FY2020-Q3WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥155,529 million, an increase of ¥25,699 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥18,956 million in notes and accounts payable and ¥6,874 million in short-term borrowings. Non-current liabilities totaled ¥30,971 million, a decrease of ¥2,298 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥615 million in lease obligations included in other non-current liabilities and a decrease of ¥3,127 million in long-term borrowings.」
While short-term borrowings increased by ¥6,874 million, long-term borrowings decreased by ¥3,127 million. The composition of liabilities, including an increase in short-term borrowings, continued in relation to the goal of reducing interest-bearing debt, including bonds. - FY2020-Q2WorsenedAnnual report
「Under liabilities, current liabilities totaled ¥139,322 million, an increase of ¥9,492 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥11,959 million in short-term borrowings and a decrease of ¥3,603 million in notes and accounts payable. Non-current liabilities totaled ¥29,465 million, a decrease of ¥3,803 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥604 million in lease obligations included in other non-current liabilities, and decreases of ¥4,195 million in long-term borrowings and ¥399 million in deferred tax liabilities. The company securitizes trade receivables. Amount of accounts receivable transferred ¥44,171 million」
Short-term borrowings increased by ¥11,959 million, while long-term borrowings decreased by ¥4,195 million. Interest-bearing debt, including bonds, increased from the previous fiscal year-end, while the securitization of trade receivables continued, with the amount of accounts receivable transferred at ¥44,171 million. - FY2020-Q1Change in debt structureAnnual report
「Under liabilities, current liabilities totaled ¥137,339 million, an increase of ¥7,510 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥7,408 million in short-term borrowings. Non-current liabilities totaled ¥32,105 million, with long-term borrowings decreasing by ¥996 million. The amount of accounts receivable transferred increased from ¥38,932 million to ¥42,681 million.」
While short-term borrowings increased, long-term borrowings decreased, and the amount of accounts receivable transferred increased to ¥42,681 million. With the securitization of receivables continuing, the composition of liabilities changed in relation to the goal of reducing interest-bearing debt. - FY2019-Q3Change in debt structureAnnual report
「Under liabilities, current liabilities totaled ¥154,236 million, an increase of ¥8,405 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥13,992 million in notes and accounts payable and a decrease of ¥3,155 million in short-term borrowings. Non-current liabilities totaled ¥33,098 million, an increase of ¥6,703 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥5,875 million in bonds and ¥907 million in long-term borrowings. Amount of accounts receivable transferred ¥40,148 million」
While short-term borrowings decreased, bonds and long-term borrowings increased, changing the composition of liabilities. The amount of accounts receivable transferred was ¥40,148 million, indicating that the securitization of receivables continued. - FY2019-Q2Change in debt structureAnnual report
「Under liabilities, current liabilities totaled ¥137,430 million, a decrease of ¥8,400 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥560 million in notes and accounts payable and ¥7,348 million in short-term borrowings. Non-current liabilities totaled ¥34,039 million, an increase of ¥7,644 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥5,883 million in bonds and ¥1,667 million in long-term borrowings.」
While short-term borrowings decreased, bonds and long-term borrowings increased, changing the composition of liabilities. The reduction in interest-bearing debt is not described as an outright decrease. - FY2018AdvancedAnnual report
「Amount of accounts receivable transferred ¥37,009 million ¥37,845 million」
The company continued to securitize trade receivables, with the amount of accounts receivable transferred increasing from ¥37,009 million at the previous fiscal year-end to ¥37,845 million. - FY2018-Q3AdvancedAnnual report
「Under liabilities, current liabilities totaled ¥160,260 million, an increase of ¥36,257 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥23,493 million in notes and accounts payable and ¥11,968 million in short-term borrowings. Non-current liabilities totaled ¥27,673 million, a decrease of ¥11,684 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥5,101 million in bonds and ¥7,230 million in long-term borrowings.」
While short-term borrowings increased, bonds and long-term borrowings decreased. Total bonds, short-term borrowings and long-term borrowings decreased from ¥52,569 million at the end of the previous consolidated fiscal year to ¥52,206 million, a decrease of ¥363 million. - FY2018-Q2AdvancedAnnual report
「Under liabilities, current liabilities totaled ¥147,208 million, an increase of ¥23,205 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥10,487 million in notes and accounts payable and ¥9,165 million in short-term borrowings. Non-current liabilities totaled ¥29,143 million, a decrease of ¥10,214 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥4,424 million in bonds and ¥6,400 million in long-term borrowings.」
While short-term borrowings increased, bonds and long-term borrowings decreased, leaving total bonds and borrowings ¥1,659 million below the end of the previous consolidated fiscal year. - FY2018-Q1AdvancedAnnual report
「Amount of accounts receivable transferred ¥37,009 million ¥40,913 million」
The company continued to securitize trade receivables, with the amount of accounts receivable transferred increasing from ¥37,009 million at the end of the previous consolidated fiscal year to ¥40,913 million at the end of the first quarter. The results of the previously stated measure to reduce interest-bearing debt are shown numerically. - FY2017AdvancedAnnual report
「This was mainly due to increases of ¥5,052 million in bonds, ¥252 million in lease obligations and ¥535 million in deferred tax liabilities, together with a decrease of ¥1,589 million in long-term borrowings.」
In addition to the decrease in long-term borrowings, short-term borrowings also decreased by ¥9,874 million from the previous fiscal year-end, reflecting progress in reducing interest-bearing debt in the analysis of the financial position. - FY2016First statedAnnual report
「Improving inventory, accounts receivable and accounts payable turnover days and securitizing receivables to reduce interest-bearing debt」
The company uses improvements in working capital turnover and the securitization of trade receivables as measures.