Komori
Arata (2733) · TargetWorsened

Reducing Interest-Bearing Debt

First written in FY2016. 19 of 30 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2027-H1.

30entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2020-Q2 – FY2024-Q12016: 120162017: 320172018: 320182019: 320192020: 420202021: 320212022: 320222023: 320232024: 320242025: 220252026: 22026
Same theme, other companies
Interest-Bearing Debt Reduction Through Working Capital Improvement and Cash EfficiencyA theme 25 companies write about · 2 as a headwind · 24 as a tailwind

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".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 25 companies compared. The sentences above are computed from all 25.
Full recordFilings, disclosures and news, newest first
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. 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.
  14. 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.
  15. 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.
  16. 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.
  17. 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.
  18. 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.
  19. 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.
  20. 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.
  21. 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.
  22. 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.
  23. 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.
  24. 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.
  25. 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.
  26. 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.
  27. 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.
  28. 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.
  29. 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.
  30. 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.
Moved together

"Pressure on operating profit from higher freight costs" moved the same way as this thread, in the same document, in 13 of its 30 moves.

1387665★123456
  1. ★This thread
  2. 1Pressure on operating profit from higher freight costs13×
  3. 2Yen appreciation and falling share prices, sluggish personal consumption, and changes in inbound demand8×
  4. 3Improved profitability for the fiscal year ended March 20167×
  5. 4Strengthen profitability6×
  6. 5Logistics and system investments and financial measures funded by bonds with stock acquisition rights6×
  7. 6Risks of supply, logistics and business suspension due to COVID-195×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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