Interest Rate Risk Associated with Interest-Bearing Debt and Variable Rates
First written in FY2017. 15 of 28 entries say "Mitigated", first in FY2018. Latest entry: FY2027-H1.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
39 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Total liabilities increased by ¥2 million from the end of the previous consolidated fiscal year to ¥3,243 million. This was mainly due to increases of ¥60 million in accrued expenses, ¥56 million in accounts payable and ¥44 million in other accounts payable, which outweighed the ¥168 million decrease in long-term borrowings.」
Total liabilities were largely unchanged, but long-term borrowings decreased by ¥168 million, reducing exposure to interest-bearing debt and interest-rate risk. - 2026-10-05MitigatedEarnings
「長期借入金が１億68百万円減少した」
長期借入金が前連結会計年度末から減少し、借入金エクスポージャーの一部が縮小している。 - FY2026MitigatedAnnual report
「At the end of February 2026, interest-bearing debt accounted for 41.8% of total liabilities and net assets. Borrowings consisted mainly of five-year long-term borrowings at fixed interest rates, but if the Company obtains new borrowings in the future, its performance may be affected by the lending stance of financial institutions and interest rate trends.」
The interest-bearing debt ratio declined from 53.2% in the prior year to 41.8%, while the Company maintained a borrowing structure centered on fixed interest rates. However, risks related to financial institutions' lending stance and interest rate trends when obtaining new borrowings remain. - FY2026-H1WorsenedAnnual report
「Total liabilities increased by ¥370 million from the end of the previous consolidated fiscal year to ¥3.414 billion, mainly because long-term borrowings increased by ¥156 million, accounts payable by ¥70 million and accrued expenses by ¥72 million.」
Total liabilities increased by ¥370 million and long-term borrowings by ¥156 million, increasing exposure to borrowings and interest rate risk from the end of the prior year. - FY2025-H1MitigatedAnnual report
「Total liabilities decreased by ¥722 million from the end of the previous consolidated fiscal year to ¥3.203 billion, mainly because long-term borrowings decreased by ¥668 million and short-term borrowings by ¥75 million.」
Total liabilities decreased by ¥722 million, long-term borrowings by ¥668 million and short-term borrowings by ¥75 million from the end of the prior year, reducing exposure to borrowings and interest rate risk. - FY2025-Q1WorsenedAnnual report
「Total liabilities increased by ¥105 million from the end of the previous consolidated fiscal year to ¥4.031 billion. This was mainly because long-term borrowings increased by ¥169 million and accrued expenses by ¥92 million, while short-term borrowings decreased by ¥75 million.」
Total liabilities increased by ¥105 million and long-term borrowings by ¥169 million, increasing exposure to borrowings from the declining trend at the end of the prior year. - FY2024MitigatedAnnual report
「At the end of February 2024, interest-bearing debt accounted for 53.2% of total liabilities and net assets. Borrowings consisted mainly of five-year long-term borrowings at fixed interest rates, but the Company's performance may be affected if interest rates rise in the future.」
The interest-bearing debt ratio declined from 57.6% in the prior year to 53.2%, reducing exposure to borrowings. The risk of rising interest rates remains. - FY2024-Q3WorsenedAnnual report
「Total liabilities increased by ¥259 million from the end of the previous consolidated fiscal year to ¥4.225 billion, mainly due to increases of ¥126 million in long-term borrowings and ¥112 million in accrued expenses.」
Total liabilities increased by ¥259 million and long-term borrowings by ¥126 million from the end of the previous consolidated fiscal year, reversing the declining trend in liabilities and borrowings through the prior quarter. - FY2024-Q2MitigatedAnnual report
「Total liabilities decreased by ¥54 million from the end of the previous consolidated fiscal year to ¥3.911 billion. This was mainly because long-term borrowings decreased by ¥106 million, while accounts payable increased by ¥63 million.」
Total liabilities decreased by ¥54 million and long-term borrowings by ¥106 million from the end of the prior year, reducing exposure to borrowings. - FY2024-Q1WorsenedAnnual report
「Total liabilities increased by ¥84 million from the end of the previous consolidated fiscal year to ¥4.050 billion, mainly due to increases of ¥59 million in long-term borrowings and ¥24 million in current portion of long-term borrowings.」
Total liabilities increased by ¥84 million from the end of the prior year, and both long-term borrowings and the current portion of long-term borrowings increased. - FY2023MitigatedAnnual report
「At the end of February 2023, interest-bearing debt accounted for 57.6% of total liabilities and net assets.」
The interest-bearing debt ratio declined from 62.6% in the prior year to 57.6%, reducing exposure to interest rate risk. - FY2023-Q3MitigatedAnnual report
「Total liabilities decreased by ¥26 million from the end of the previous consolidated fiscal year to ¥4.186 billion. This was mainly because short-term borrowings increased by ¥87 million and accounts payable by ¥48 million, while long-term borrowings decreased by ¥137 million.」
Total liabilities decreased by ¥26 million and long-term borrowings by ¥137 million, indicating lower exposure to interest-bearing debt. - FY2023-Q2MitigatedAnnual report
「Total liabilities decreased by ¥269 million from the end of the previous consolidated fiscal year to ¥3.944 billion, mainly due to a ¥354 million decrease in long-term borrowings.」
Total liabilities decreased by ¥269 million and long-term borrowings by ¥354 million from the end of the previous consolidated fiscal year, reducing exposure to borrowings. However, the Company also reported ¥100 million in short-term borrowings. - FY2023-Q1MitigatedAnnual report
「Total liabilities decreased by ¥171 million from the end of the previous consolidated fiscal year to ¥4.041 billion, mainly due to a ¥170 million decrease in long-term borrowings.」
Total liabilities and long-term borrowings decreased from the end of the previous consolidated fiscal year, reducing exposure to interest-bearing debt and interest rate risk. - FY2022WorsenedAnnual report
「At the end of February 2022, interest-bearing debt accounted for 62.6% of total liabilities and net assets. Borrowings consisted mainly of five-year long-term borrowings at fixed interest rates, but the Company's performance may be affected if interest rates rise in the future.」
The interest-bearing debt ratio increased from 55.8% in the prior year to 62.6%, increasing exposure to the risk of rising interest rates. - FY2022-Q3MitigatedAnnual report
「Total liabilities increased by ¥283 million from the end of the previous consolidated fiscal year to ¥4.145 billion, mainly due to a ¥332 million increase in long-term borrowings.」
Although total liabilities and long-term borrowings increased from the end of the previous consolidated fiscal year, total liabilities declined from ¥4.346 billion at the end of the second quarter of the prior year. - FY2022-Q2WorsenedAnnual report
「Total liabilities increased by ¥484 million from the end of the previous consolidated fiscal year to ¥4.346 billion, mainly due to a ¥543 million increase in long-term borrowings.」
Total liabilities increased by ¥484 million and long-term borrowings by ¥543 million from the end of the previous consolidated fiscal year, reversing the decline in borrowings seen in the prior quarter. - FY2022-Q1MitigatedAnnual report
「Total liabilities decreased by ¥294 million from the end of the previous consolidated fiscal year to ¥3.567 billion, mainly due to a ¥233 million decrease in long-term borrowings.」
Total liabilities and long-term borrowings decreased from the end of the previous consolidated fiscal year, indicating a decline in outstanding borrowings. - FY2021WorsenedAnnual report
「At the end of February 2021, interest-bearing debt accounted for 55.8% of total liabilities and net assets. Borrowings consisted mainly of five-year long-term borrowings at fixed interest rates, but the Company's performance may be affected if interest rates rise in the future.」
The interest-bearing debt ratio increased from 33.5% in the prior year to 55.8%, and disclosure of interest rate risk associated with increased borrowings has become more prominent. - FY2021-Q3RestatedAnnual report
「Total liabilities increased by ¥788 million from the end of the previous consolidated fiscal year to ¥3.762 billion, mainly due to a ¥777 million increase in long-term borrowings.」
Total liabilities increased by ¥788 million and long-term borrowings by ¥777 million from the end of the previous consolidated fiscal year, and the Company continues to disclose the increase in borrowings. - FY2021-Q1WorsenedAnnual report
「Total liabilities increased by ¥1.261 billion from the end of the previous consolidated fiscal year to ¥4.235 billion, mainly due to a ¥1.211 billion increase in long-term borrowings.」
Long-term borrowings increased by ¥1.211 billion from the end of the prior year, while total liabilities increased by ¥1.261 billion, reversing the prior year's downward trend in outstanding borrowings. - FY2020MitigatedAnnual report
「At the end of February 2020, interest-bearing debt accounted for 33.5% of total liabilities and net assets. Borrowings consisted mainly of five-year long-term borrowings at fixed interest rates, but the Company's performance may be affected if interest rates rise in the future.」
The interest-bearing debt ratio declined from 37.7% in the prior year to 33.5%, and the balance of long-term borrowings also decreased, while the Company continues to disclose the risk of rising interest rates. - FY2020-Q3MitigatedAnnual report
「Total liabilities decreased by ¥159 million from the end of the previous consolidated fiscal year to ¥2.930 billion, mainly due to a ¥277 million decrease in long-term borrowings.」
Total liabilities decreased by ¥159 million and long-term borrowings by ¥277 million, indicating a decline in outstanding interest-bearing debt. - FY2019WorsenedAnnual report
「At the end of February 2019, interest-bearing debt accounted for 37.7% of total liabilities and net assets. Borrowings consisted mainly of five-year long-term borrowings at fixed interest rates, but the Company's performance may be affected if interest rates rise in the future.」
The interest-bearing debt ratio increased from 36.9% in the prior year to 37.7%, and the Company continues to disclose the risk of rising interest rates. - FY2018MitigatedAnnual report
「At the end of February 2018, interest-bearing debt accounted for 36.9% of total liabilities and net assets. Borrowings consisted mainly of five-year long-term borrowings at fixed interest rates, but the Company's performance may be affected if interest rates rise in the future.」
The interest-bearing debt ratio declined from 37.2% in the prior year to 36.9%, while the Company continues to disclose the risk of rising interest rates. - FY2017First statedAnnual report
「At the end of February 2017, interest-bearing debt accounted for 37.2% of total liabilities and net assets. Most of this consisted of long-term borrowings with maturities of 5 years or less, approximately 98% of which carried fixed interest rates, with the remainder carrying floating rates. The Company's performance may be affected if interest rates rise.」
The Company reports an interest-bearing debt ratio of 37.2% and a fixed-rate borrowing ratio of approximately 98%, and explains the risk of higher rates on the remaining floating-rate debt.