Higher Borrowings and a Lower Equity Ratio
First written in FY2016-Q3. 3 of 40 entries say "Worsened", first in FY2026-H1. Latest entry: 2026-10-13.
Festaria 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 2026: 8 of 35 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「Liabilities at the end of the interim consolidated period increased by ¥1,301 million, or 23.6%, from the previous consolidated fiscal year-end to ¥6,826 million. This was mainly attributable to increases of ¥1,270 million in total borrowings and ¥96 million in advances received. As a result, the equity ratio was 19.8%, down 2.9 percentage points from the previous consolidated fiscal year-end.」
Liabilities at the end of the interim period increased by ¥1,301 million, total borrowings increased by ¥1,270 million, and the equity ratio fell 2.9 percentage points to 19.8%. - 2026-04-13OtherEarnings
「As a result, the equity ratio was 19.8%, down 2.9 percentage points from the end of the previous consolidated fiscal year.」
Borrowings increased by ¥1,270 million, and the equity ratio declined from 22.6% at the end of the prior fiscal year to 19.8%. - FY2025Updated to full-year financial positionAnnual report
「In addition, liabilities for the consolidated fiscal year amounted to ¥5,525.097 million, a decrease of ¥287.235 million from the previous consolidated fiscal year.」
Liabilities at the end of FY2025 were ¥5,525.097 million, down ¥287.235 million from the end of the previous fiscal year, while the equity ratio rose to 22.6%. - FY2025-H1Updated to the interim financial positionAnnual report
「Liabilities at the end of the interim consolidated period decreased by ¥291 million, or 5.0%, from the previous consolidated fiscal year-end to ¥5,520 million.」
Liabilities at the end of the interim period were ¥5,520 million, down ¥291 million from the previous fiscal year-end. The equity ratio was 21.8%, up 1.4 percentage points from the previous fiscal year-end. - FY2024Updated to full-year financial positionAnnual report
「In addition, liabilities for the consolidated fiscal year amounted to ¥5,812.332 million, an increase of ¥502.570 million from the previous consolidated fiscal year.」
Liabilities at the end of FY2024 were ¥5,812.332 million, up ¥502.570 million from the end of the previous fiscal year. The equity ratio was 20.4%, unchanged from the previous fiscal year. - FY2024-Q3Updated to third-quarter financial positionAnnual report
「Liabilities at the end of the third quarter increased by ¥390 million, or 7.4%, from the previous consolidated fiscal year-end to ¥5,700 million. This was mainly attributable to increases of ¥57 million in notes and accounts payable, ¥222 million in borrowings, ¥55 million in accounts payable and accrued expenses, and ¥60 million in advances received.」
Liabilities at the end of the third quarter increased by ¥390 million from the previous fiscal year-end to ¥5,700 million, while borrowings increased by ¥222 million. The equity ratio was 19.9%. - FY2024-Q2Updated to second-quarter financial positionAnnual report
「Liabilities at the end of the second quarter increased by ¥395 million, or 7.4%, from the previous consolidated fiscal year-end to ¥5,705 million. This was mainly attributable to increases of ¥48 million in notes and accounts payable, ¥228 million in borrowings, and ¥80 million in advances received.」
Liabilities at the end of the second quarter were ¥5,705 million, up ¥395 million from the previous fiscal year-end, while borrowings increased by ¥228 million. The equity ratio fell 1.1 percentage points to 19.3%. - FY2024-Q1Updated to first-quarter financial positionAnnual report
「Liabilities at the end of the first quarter increased by ¥781 million, or 14.7%, from the previous consolidated fiscal year-end to ¥6,091 million. This was mainly attributable to increases of ¥85 million in notes and accounts payable, ¥603 million in borrowings, ¥78 million in accounts payable and accrued expenses, and ¥55 million in advances received, despite a ¥39 million decrease in the provision for bonuses. As a result, the equity ratio was 16.3%, down 4.1 percentage points from the previous consolidated fiscal year-end.」
Liabilities at the end of the first quarter were ¥6,091 million, borrowings increased by ¥603 million, and the equity ratio fell 4.1 percentage points to 16.3%. - FY2023Updated to full-year financial positionAnnual report
「Liabilities for the consolidated fiscal year amounted to ¥5,309.762 million, a decrease of ¥351.735 million from the previous consolidated fiscal year.」
Liabilities at the end of FY2023 were ¥5,309.762 million, down ¥351.735 million from the end of the previous fiscal year, while the equity ratio rose to 20.4%. - FY2023-Q3Updated to third-quarter financial positionAnnual report
「Liabilities at the end of the third quarter of the current consolidated fiscal year decreased by ¥111 million, or 2.0%, from the previous consolidated fiscal year to ¥5,550 million.」
At the end of the third quarter, liabilities were ¥5,550 million, down ¥111 million from the end of the previous fiscal year. Borrowings increased by ¥197 million, while the equity ratio rose 1.1 percentage points to 19.0%. - FY2023-Q2Updated to second-quarter financial positionAnnual report
「Liabilities at the end of the second quarter of the current consolidated fiscal year increased by ¥10 million, or 0.2%, from the previous consolidated fiscal year to ¥5,671 million.」
Liabilities increased by ¥10 million from the end of the previous fiscal year, and borrowings increased by ¥150 million. Meanwhile, the equity ratio was 18.8%, up 0.9 percentage points from the end of the previous fiscal year. - FY2023-Q1Updated to first-quarter financial positionAnnual report
「Liabilities at the end of the first quarter of the current consolidated fiscal year increased by ¥391 million, or 6.9%, from the previous consolidated fiscal year to ¥6,053 million. This was mainly due to increases of ¥398 million in borrowings, ¥50 million in accounts payable and accrued expenses, ¥101 million in advances received, and ¥100 million in bonds payable, despite decreases of ¥103 million in notes and accounts payable, ¥42 million in accrued income taxes, and ¥96 million in the provision for bonuses. As a result, the equity ratio was 16.8%, down 1.1 percentage points from the end of the previous consolidated fiscal year.」
At the end of the first quarter, liabilities were ¥6,053 million, borrowings increased by ¥398 million, and the equity ratio fell 1.1 percentage points to 16.8%. - FY2022Updated to full-year financial positionAnnual report
「Liabilities for the consolidated fiscal year were ¥5,661,497 thousand, a decrease of ¥430,579 thousand from the previous consolidated fiscal year. The main factors were decreases of ¥27,271 thousand in the provision for bonuses, ¥465,975 thousand in total borrowings, and ¥31,635 thousand in lease obligations, despite increases of ¥131,616 thousand in notes and accounts payable and ¥79,375 thousand in accounts payable and accrued expenses.」
At the end of FY2022, liabilities decreased by ¥430,579 thousand from the end of the previous fiscal year, and total borrowings also decreased by ¥465,975 thousand. The equity ratio was 17.9%. - FY2022-Q3Updated to third-quarter financial positionAnnual report
「Liabilities at the end of the third quarter of the current consolidated fiscal year decreased by ¥567 million, or 9.3%, from the previous consolidated fiscal year to ¥5,524 million.」
At the end of the third quarter, liabilities were ¥5,524 million, total borrowings had decreased by ¥441 million from the end of the previous fiscal year, and the equity ratio had risen 4.5 percentage points to 18.1%. - FY2022-Q2Updated to second-quarter financial positionAnnual report
「Liabilities at the end of the second quarter of the current consolidated fiscal year decreased by ¥391 million, or 6.4%, from the previous consolidated fiscal year to ¥5,701 million.」
Liabilities decreased by ¥391 million from the end of the previous fiscal year, and the equity ratio was 16.4%, up 2.8 percentage points from the end of the previous fiscal year. - FY2022-Q1Updated to first-quarter financial positionAnnual report
「Liabilities at the end of the first quarter of the current consolidated fiscal year increased by ¥107 million, or 1.8%, from the previous consolidated fiscal year to ¥6,199 million.」
At the end of the first quarter, liabilities were ¥6,199 million, up ¥107 million from the end of the previous fiscal year, and the equity ratio was 13.4%, down 0.2 percentage points. - FY2021Updated to full-year financial positionAnnual report
「Liabilities for the consolidated fiscal year were ¥6,092,076 thousand, a decrease of ¥1,075,544 thousand from the previous consolidated fiscal year. The main factors were decreases of ¥1,133,789 thousand in total borrowings, ¥100,786 thousand in lease obligations, and ¥94,870 thousand in accounts payable and accrued expenses, despite increases of ¥161,495 thousand in notes and accounts payable and ¥56,127 thousand in the provision for bonuses.」
At the end of the full year, liabilities were ¥6,092 million, down ¥1,075 million from the end of the previous fiscal year, and total borrowings also decreased by ¥1,133 million. The equity ratio rose to 13.6%. - FY2021-Q3Updated to third-quarter financial positionAnnual report
「Liabilities at the end of the third quarter of the current consolidated fiscal year decreased by ¥96 million, or 1.3%, from the previous consolidated fiscal year to ¥7,071 million.」
At the end of the third quarter, liabilities were ¥7,071 million, down ¥96 million from the end of the previous fiscal year, and the equity ratio was 12.4%, up 2.3 percentage points from the end of the previous fiscal year. Total borrowings also decreased by ¥98 million. - FY2021-Q2Updated to second-quarter financial positionAnnual report
「Liabilities at the end of the second quarter of the current consolidated fiscal year decreased by ¥274 million, or 3.8%, from the previous consolidated fiscal year to ¥6,893 million. …As a result, the equity ratio was 12.6%, up 2.5 percentage points from the end of the previous consolidated fiscal year.」
At the end of the second quarter, liabilities were ¥6,893 million, total borrowings decreased by ¥602 million, and the equity ratio rose 2.5 percentage points to 12.6%. - FY2021-Q1Updated to first-quarter financial positionAnnual report
「Liabilities increased by ¥506 million, or 7.1%, from the previous consolidated fiscal year to ¥7,674 million. This was mainly due to increases of ¥271 million in notes and accounts payable, ¥210 million in total borrowings, and ¥108 million in advances received. As a result, the equity ratio was 9.7%, down 0.4 percentage points from the end of the previous consolidated fiscal year.」
At the end of the first quarter, liabilities were ¥7,674 million, total borrowings increased by ¥210 million, and the equity ratio fell to 9.7%. - FY2020Updated to full-year financial positionAnnual report
「Liabilities for the consolidated fiscal year were ¥7,167,621 thousand, an increase of ¥170,425 thousand from the previous consolidated fiscal year. The main factors were increases of ¥577,320 thousand in total borrowings and ¥38,282 thousand in advances received, despite decreases of ¥325,634 thousand in notes and accounts payable and ¥66,106 thousand in accounts payable and accrued expenses.」
At the end of the full year, liabilities were ¥7,167,621 thousand, up ¥170,425 thousand from the end of the previous fiscal year, and total borrowings increased by ¥577,320 thousand. The equity ratio was 10.1%. - FY2020-Q3Updated to third-quarter financial positionAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥7,443 million, an increase of ¥445 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,236 million increase in total borrowings, despite decreases of ¥386 million in notes and accounts payable, ¥220 million in accounts payable and accrued expenses, and ¥99 million in advances received.」
At the end of the third quarter, liabilities were up ¥445 million from the end of the previous fiscal year and total borrowings were up ¥1,236 million. The equity ratio was 14.3%, down 4.7 percentage points from the end of the previous fiscal year. - FY2020-Q2Updated to second-quarter financial positionAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥7,764 million, an increase of ¥766 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥665 million in total borrowings and ¥59 million in advances received.」
At the end of the second quarter, liabilities were up ¥766 million from the end of the previous fiscal year, total borrowings were up ¥665 million, and the equity ratio had fallen 3.1 percentage points to 15.9%. - FY2020-Q1Updated to first-quarter financial positionAnnual report
「Liabilities increased by ¥946 million, or 13.5%, from the previous consolidated fiscal year to ¥7,943 million. This was mainly due to increases of ¥257 million in notes and accounts payable, ¥583 million in total borrowings, and ¥88 million in accounts payable and accrued expenses.」
At the end of the first quarter, liabilities were ¥7,943 million, up ¥946 million from the end of the previous fiscal year, total borrowings increased by ¥583 million, and the equity ratio fell 4.2 percentage points to 14.8%. - FY2019Updated to full-year financial positionAnnual report
「Liabilities for the consolidated fiscal year were ¥6,997,195 thousand, an increase of ¥202,765 thousand from the previous consolidated fiscal year. The main factors were increases of ¥295,886 thousand in total borrowings, ¥53,144 thousand in advances received, and ¥101,002 thousand in accounts payable and accrued expenses, despite decreases of ¥176,727 thousand in notes and accounts payable and ¥41,767 thousand in accrued income taxes.」
At the end of the full year, liabilities were ¥6,997,195 thousand, up ¥202,765 thousand from the end of the previous fiscal year, and total borrowings increased by ¥295,886 thousand. The equity ratio was 19.0%. - FY2019-Q3Updated to third-quarter financial positionAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥7,232 million, an increase of ¥438 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥601 million in total borrowings and ¥38 million in accounts payable and accrued expenses, despite a ¥183 million decrease in notes and accounts payable.」
At the end of the third quarter, liabilities were up ¥438 million from the end of the previous fiscal year, total borrowings were up ¥601 million, and the equity ratio had fallen 1.8 percentage points to 17.7%. - FY2019-Q2Updated to second-quarter financial positionAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥7,286 million, an increase of ¥492 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥446 million increase in total borrowings. As a result, the equity ratio was 18.3%, down 1.2 percentage points from the end of the previous consolidated fiscal year.」
At the end of the second quarter, liabilities were up ¥492 million from the end of the previous fiscal year, total borrowings were up ¥446 million, and the equity ratio had fallen 1.2 percentage points to 18.3%. - FY2019-Q1Updated to first-quarter financial positionAnnual report
「Liabilities increased by ¥1,103 million, or 16.2%, from the previous consolidated fiscal year to ¥7,898 million. This was mainly due to increases of ¥250 million in advances received, ¥195 million in accounts payable and accrued expenses, and ¥936 million in total long-term borrowings, despite a ¥300 million decrease in short-term borrowings.」
At the end of the first quarter, liabilities were ¥7,898 million, up ¥1,103 million from the end of the previous fiscal year, and long-term borrowings increased by ¥936 million. The equity ratio was 14.9%, down 4.6 percentage points from the end of the previous fiscal year. - FY2018Updated to full-year financial positionAnnual report
「Liabilities for the consolidated fiscal year were ¥6,794,430 thousand, an increase of ¥327,743 thousand from the previous consolidated fiscal year. The main factors were increases of ¥164,133 thousand in notes and accounts payable and ¥140,316 thousand in total borrowings.」
At the end of the full year, liabilities were ¥6,794,430 thousand, up ¥327,743 thousand from the end of the previous fiscal year, and total borrowings had also increased by ¥140,316 thousand. The equity ratio was 19.5%. - FY2018-Q3Updated to third-quarter financial positionAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥7,060 million, an increase of ¥593 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥538 million in total borrowings and ¥47 million in accounts payable and accrued expenses.」
At the end of the third quarter, liabilities were ¥7,060 million, total borrowings had increased by ¥538 million from the end of the previous fiscal year, and the equity ratio was 17.1%. - FY2018-Q2Updated to second-quarter financial positionAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥7,173 million, an increase of ¥706 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥697 million increase in total borrowings.」
At the end of the second quarter, liabilities were ¥7,173 million, total borrowings had increased by ¥697 million from the end of the previous fiscal year, and the equity ratio was 17.3%. - FY2018-Q1Updated to first-quarter financial positionAnnual report
「Liabilities increased by ¥656 million, or 10.1%, from the previous consolidated fiscal year to ¥7,122 million. This was mainly due to increases of ¥94 million in notes and accounts payable, ¥188 million in accounts payable and accrued expenses, and ¥464 million in total long-term borrowings, despite a ¥73 million decrease in accrued income taxes.」
At the end of the first quarter, liabilities were ¥7,122 million, up ¥656 million from the end of the previous fiscal year. Long-term borrowings increased by ¥464 million, and the equity ratio fell 4.3 percentage points to 15.8%. - FY2017Updated to full-year financial positionAnnual report
「Liabilities for the consolidated fiscal year were ¥6,466,686 thousand, an increase of ¥806,999 thousand from the previous consolidated fiscal year. The main factor was increases of ¥610,514 thousand in total borrowings and ¥243,807 thousand in total lease obligations.」
At the end of the full year, liabilities were ¥6,466,686 thousand, total borrowings had increased by ¥610,514 thousand from the end of the previous fiscal year, and the equity ratio was 20.1%. - FY2017-Q3Updated to third-quarter financial positionAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥6,753 million, an increase of ¥1,093 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥973 million increase in total borrowings and a ¥136 million increase in notes and accounts payable.」
At the end of the third quarter, liabilities were ¥6,753 million, total borrowings had increased by ¥973 million from the end of the previous fiscal year, and the equity ratio was 17.3%. - FY2017-Q2Updated to second-quarter financial positionAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥6,319 million, an increase of ¥659 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥139 million in notes and accounts payable and ¥585 million in total borrowings, despite a ¥50 million decrease in bonds payable.」
At the end of the second quarter, liabilities were ¥6,319 million, total borrowings had increased by ¥585 million from the end of the previous fiscal year, and the equity ratio had fallen 0.5 percentage points to 19.1%. - FY2017-Q1Updated to quarterly financial positionAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥6,432 million, an increase of ¥773 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥293 million in notes and accounts payable, ¥396 million in total borrowings, and ¥161 million in accounts payable and accrued expenses.」
At the end of the first quarter, liabilities were ¥6,432 million, total borrowings had increased by ¥396 million from the end of the previous fiscal year, and the equity ratio had fallen 3.0 percentage points to 16.6%. - FY2016Updated to full-year financial positionAnnual report
「Liabilities for the consolidated fiscal year were ¥5,659,687 thousand, an increase of ¥206,686 thousand from the previous consolidated fiscal year. The main factors were increases of ¥23,184 thousand in notes and accounts payable, ¥37,567 thousand in total borrowings, and ¥98,017 thousand in accrued income taxes.」
For the full year, liabilities increased by ¥206,686 thousand and total borrowings increased by ¥37,567 thousand. The equity ratio was 19.6%. - FY2016-Q3First statedAnnual report
「Total liabilities were ¥5,824 million, an increase of ¥371 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥446 million increase in total borrowings, despite a ¥66 million decrease in notes and accounts payable.」
Total borrowings increased by ¥446 million, and the equity ratio fell 2.4 percentage points from the end of the previous consolidated fiscal year to 18.6%.