Strengthening the Financial Position by Reducing Interest-Bearing Debt
First written in FY2016. 8 of 36 entries say "Advanced", first in FY2017. Latest entry: 2026-10-30.
S&B Foods moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
24 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Liabilities increased by ¥5,468 million from the end of the previous consolidated fiscal year to ¥62,294 million. This was mainly due to increases of ¥2,901 million in borrowings, ¥2,090 million in income taxes payable and ¥1,623 million in deferred tax liabilities, despite a decrease of ¥2,448 million in accounts payable.」
Although the company has a policy of reducing interest-bearing debt, borrowings increased by ¥2,901 million as of the end of the fiscal year, and liabilities also increased by ¥5,468 million from the end of the previous fiscal year. - 2026-05-13WorsenedEarnings
「Liabilities increased by ¥5,468 million from the end of the previous consolidated fiscal year to ¥62,294 million. This was mainly due to increases of ¥2,901 million in borrowings, ¥2,090 million in income taxes payable and ¥1,623 million in deferred tax liabilities, despite a decrease of ¥2,448 million in accounts payable.」
有利子負債削減方針に対し、通期末の借入金は前期末から29億１百万円増加している。 - FY2026-H1WorsenedAnnual report
「Liabilities increased by ¥5,020 million from the end of the previous consolidated fiscal year to ¥61,845 million. This was mainly due to increases of ¥2,967 million in borrowings and ¥1,103 million in income taxes payable.」
Although the company has a policy of reducing interest-bearing debt, borrowings increased by ¥2,967 million from the end of the previous fiscal year as of the end of the interim period. - FY2025AdvancedAnnual report
「Liabilities decreased by ¥10,712 million from the end of the previous consolidated fiscal year to ¥56,825 million. This was mainly due to decreases of ¥8,672 million in borrowings and ¥1,355 million in income taxes payable.」
Borrowings decreased by ¥8,672 million, and liabilities also decreased by ¥10,712 million from the end of the previous fiscal year. The cash flow to interest-bearing debt ratio was 238.9%, and the interest coverage ratio was 22.3 times. - FY2025-H1AdvancedAnnual report
「Liabilities decreased by ¥5,002 million from the end of the previous consolidated fiscal year to ¥62,536 million. This was mainly due to decreases of ¥2,429 million in borrowings, ¥861 million in accounts payable and ¥1,026 million in accrued expenses included in “Other” under current liabilities.」
Liabilities decreased by ¥5,002 million from the end of the previous fiscal year, while borrowings also decreased by ¥2,429 million as of the end of the first half. - FY2024AdvancedAnnual report
「The trends in cash flow-related indicators are as follows. Fiscal year ended March 2021 Fiscal year ended March 2022 Fiscal year ended March 2023 Fiscal year ended March 2024 Cash flow to interest-bearing debt ratio (%) 305.7 412.4 4,941.3 608.2 Interest coverage ratio (times) 23.5 17.1 1.4 11.1」
Under its policy of reducing interest-bearing debt, borrowings declined, and the cash flow to interest-bearing debt ratio improved from 4,941.3% to 608.2%, while the interest coverage ratio improved from 1.4 times to 11.1 times. - FY2024-Q3Borrowings and bonds increased in the third quarter.Annual report
「Liabilities increased by ¥5,415 million from the end of the previous consolidated fiscal year to ¥72,951 million. This was mainly due to increases of ¥2,254 million in borrowings, ¥1,015 million in income taxes payable and ¥1,000 million from the issuance of bonds, among other factors.」
Although the company has a policy of strengthening its financial position by reducing interest-bearing debt, borrowings increased by ¥2,254 million from the end of the previous fiscal year as of the end of the third quarter, while bonds also increased by ¥1 billion. - FY2024-Q2Borrowings and bonds increased in the first half.Annual report
「Liabilities increased by ¥4,539 million from the end of the previous consolidated fiscal year to ¥72,076 million. This was mainly due to increases of ¥1,960 million in borrowings, ¥1,000 million from the new issuance of bonds and ¥545 million in income taxes payable, among other factors.」
Despite the policy of strengthening the financial position by reducing interest-bearing debt, borrowings increased by ¥1,960 million by the end of the first half, and ¥1,000 million of bonds were newly issued. - FY2024-Q1Borrowings increased in the first quarter.Annual report
「Liabilities increased by ¥4,024 million from the end of the previous consolidated fiscal year to ¥71,560 million. This was mainly due to an increase of ¥3,190 million in borrowings, among other factors.」
Despite its policy of reducing interest-bearing debt, borrowings increased by ¥3,190 million from the end of the previous fiscal year by the end of the first quarter, and liabilities also increased. - FY2023AdvancedAnnual report
「Liabilities decreased by ¥1,544 million from the end of the previous consolidated fiscal year to ¥67,536 million. This was mainly due to decreases of ¥2,033 million in borrowings and ¥667 million in income taxes payable, despite an increase of ¥1,305 million in trade payables, among other factors.」
For the full year, borrowings decreased by ¥2,033 million, indicating results in line with the policy of strengthening the financial position by reducing interest-bearing debt. - FY2023-Q3Borrowings increased in the third quarter.Annual report
「Liabilities increased by ¥4,367 million from the end of the previous consolidated fiscal year to ¥73,448 million. This was mainly due to an increase of ¥2,763 million in borrowings and an increase of ¥2,508 million in trade payables, primarily as a result of newly including in the scope of consolidation a subsidiary that had been an unconsolidated subsidiary through the previous consolidated fiscal year, among other factors.」
Despite its policy of reducing interest-bearing debt, borrowings increased by ¥2,763 million from the end of the previous fiscal year by the end of the third quarter. - FY2023-Q2Borrowings increased in the first half.Annual report
「Liabilities increased by ¥7,014 million from the end of the previous consolidated fiscal year to ¥76,095 million. This was mainly due to an increase of ¥3,465 million in trade payables, primarily as a result of newly including in the scope of consolidation a subsidiary that had been an unconsolidated subsidiary through the previous consolidated fiscal year, as well as an increase of ¥3,375 million in borrowings, among other factors.」
Despite its policy of reducing interest-bearing debt, borrowings increased by ¥3,375 million from the end of the previous fiscal year by the end of the first half. - FY2023-Q1Borrowings increased in the first quarter.Annual report
「Liabilities increased by ¥9,639 million from the end of the previous consolidated fiscal year to ¥78,720 million. This was mainly due to increases of ¥4,733 million in borrowings and ¥4,544 million in trade payables, primarily as a result of newly including in the scope of consolidation a subsidiary that had been an unconsolidated subsidiary through the previous consolidated fiscal year, among other factors.」
By the end of the first quarter, borrowings had increased by ¥4,733 million from the end of the previous fiscal year, and liabilities had also increased. Despite the policy of reducing interest-bearing debt, an increase in borrowings was disclosed for the quarter. - FY2022AdvancedAnnual report
「Liabilities decreased by ¥1,191 million from the end of the previous consolidated fiscal year to ¥69,081 million. This was mainly due to decreases of ¥831 million in borrowings and ¥672 million in income taxes payable, among other factors.」
For the full year, borrowings decreased by ¥831 million, and liabilities decreased by ¥1,191 million from the end of the previous fiscal year. Results in line with the policy of strengthening the financial position by reducing interest-bearing debt were reported. - FY2022-Q3Borrowings increased in the third quarter.Annual report
「Liabilities increased by ¥4,955 million from the end of the previous consolidated fiscal year to ¥75,228 million. This was mainly due to an increase of ¥6,120 million in borrowings, despite a decrease of ¥851 million in income taxes payable, among other factors.」
Despite its policy of reducing interest-bearing debt, borrowings increased by ¥6,120 million from the end of the previous fiscal year by the end of the third quarter, and liabilities also increased. - FY2022-Q2Borrowings increased in the first half.Annual report
「Liabilities increased by ¥3,633 million from the end of the previous consolidated fiscal year to ¥73,906 million. This was mainly due to an increase of ¥4,654 million in borrowings, despite decreases of ¥529 million in trade payables and ¥411 million in income taxes payable, among other factors.」
Despite its policy of reducing interest-bearing debt, the company saw borrowings increase by ¥4,654 million from the end of the previous fiscal year by the end of the second quarter. - FY2022-Q1Borrowings increased in the first quarter.Annual report
「Liabilities increased by ¥4,834 million from the end of the previous consolidated fiscal year to ¥75,107 million. This was mainly due to an increase of ¥5,398 million in borrowings, despite a decrease of ¥974 million in income taxes payable, among other factors.」
Despite its policy of reducing interest-bearing debt, the company saw borrowings increase by ¥5,398 million from the end of the previous fiscal year by the end of the first quarter, and liabilities also increased. - FY2021AdvancedAnnual report
「The company intends to continue strengthening its financial position by reducing interest-bearing debt. However, rapid and substantial interest rate fluctuations could affect the performance and financial position of the Group.」
Interest-bearing debt decreased by ¥680 million from ¥35,263 million at the end of the previous fiscal year to ¥34,583 million, indicating results in line with the debt-reduction policy. - FY2021-Q3Borrowings increased in the third quarter.Annual report
「Liabilities increased by ¥3,724 million from the end of the previous consolidated fiscal year to ¥76,515 million. This was mainly due to an increase of ¥5,684 million in borrowings, despite a decrease of ¥1,962 million in bills payable for equipment purchases included in other current liabilities, among other factors.」
Despite its policy of reducing interest-bearing debt, the company saw borrowings increase by ¥5,684 million from the end of the previous fiscal year by the end of the third quarter. - FY2021-Q2Borrowings increased in the first half.Annual report
「Liabilities increased by ¥1,264 million from the end of the previous consolidated fiscal year to ¥74,056 million. This was mainly due to an increase of ¥3,772 million in borrowings, despite a decrease of ¥2,270 million in bills payable for equipment purchases included in other current liabilities, among other factors.」
Despite its policy of reducing interest-bearing debt, the company saw borrowings increase by ¥3,772 million from the end of the previous fiscal year by the end of the second quarter. - FY2021-Q1Borrowings increased in the first quarter.Annual report
「Liabilities increased by ¥1,892 million from the end of the previous consolidated fiscal year to ¥74,683 million. This was mainly due to an increase of ¥5,424 million in borrowings, despite a decrease of ¥3,372 million in accounts payable, among other factors.」
Despite the policy of reducing interest-bearing debt, borrowings increased by ¥5,424 million from the end of the previous fiscal year by the end of the first quarter, and liabilities increased by ¥1,892 million. - FY2020Full-year increase in interest-bearing debtAnnual report
「The company intends to continue strengthening its financial position by reducing interest-bearing debt. However, rapid and substantial interest rate fluctuations could affect the performance and financial position of the Group.」
While continuing its debt-reduction policy, the company saw interest-bearing debt increase by ¥3,833 million from ¥31,430 million at the end of the previous fiscal year to ¥35,263 million at the end of the current fiscal year. - FY2020-Q3Borrowings increased in the third quarter.Annual report
「Liabilities increased by ¥15,240 million from the end of the previous consolidated fiscal year to ¥81,150 million. This was mainly due to increases of ¥2,181 million in trade payables, ¥11,416 million in borrowings and ¥1,306 million in income taxes payable, among other factors.」
Despite the policy of reducing interest-bearing debt, borrowings increased by ¥11,416 million from the end of the previous fiscal year by the end of the third quarter, and liabilities also increased. - FY2020-Q2Borrowings increased in the second quarter.Annual report
「Liabilities increased by ¥9,474 million from the end of the previous consolidated fiscal year to ¥75,384 million. This was mainly due to increases of ¥7,108 million in borrowings and ¥1,704 million in accounts payable, among other factors.」
Despite the policy of reducing interest-bearing debt, borrowings increased by ¥7,108 million from the end of the previous fiscal year by the end of the second quarter, and liabilities also increased. - FY2020-Q1Borrowings increased in the first quarter.Annual report
「Liabilities increased by ¥7,410 million from the end of the previous consolidated fiscal year to ¥73,320 million. This was mainly due to an increase of ¥7,025 million in borrowings, among other factors.」
Despite the policy of reducing interest-bearing debt, borrowings increased by ¥7,025 million from the end of the previous fiscal year by the end of the first quarter, and liabilities also increased. - FY2019Full-year increase in interest-bearing debtAnnual report
「The company intends to continue strengthening its financial position by reducing interest-bearing debt. However, rapid and substantial interest rate fluctuations could affect the performance and financial position of the Group.」
While continuing its debt-reduction policy, the company saw interest-bearing debt increase by ¥1,979 million from ¥29,451 million at the end of the previous fiscal year to ¥31,430 million at the end of the current fiscal year. - FY2019-Q3Borrowings increased in the third quarter.Annual report
「Liabilities increased by ¥10,842 million from the end of the previous consolidated fiscal year to ¥73,615 million. This was mainly due to an increase of ¥7,510 million in borrowings and an increase of ¥2,178 million in bills payable for equipment purchases included in other current liabilities, among other factors.」
Despite the policy of reducing interest-bearing debt, borrowings increased by ¥7,510 million from the end of the previous fiscal year by the end of the third quarter, and liabilities also increased. - FY2019-Q2Borrowings increased in the second quarter.Annual report
「Liabilities increased by ¥5,940 million from the end of the previous consolidated fiscal year to ¥68,713 million. This was mainly due to increases of ¥4,492 million in borrowings and ¥870 million in the provision for loss on guarantees of debt, among other factors.」
Despite the policy of reducing interest-bearing debt, borrowings increased by ¥4,492 million from the end of the previous fiscal year by the end of the second quarter, and liabilities also increased. - FY2019-Q1Borrowings increased in the first quarter.Annual report
「Liabilities increased by ¥5,824 million from the end of the previous consolidated fiscal year to ¥68,597 million. This was mainly due to an increase of ¥6,290 million in borrowings, among other factors.」
Despite the policy of reducing interest-bearing debt, borrowings increased by ¥6,290 million from the end of the previous fiscal year by the end of the first quarter, and liabilities also increased. - FY2018AdvancedAnnual report
「The company intends to continue strengthening its financial position by reducing interest-bearing debt. However, rapid and substantial interest rate fluctuations could affect the performance and financial position of the Group.」
Interest-bearing debt decreased by ¥5,730 million from ¥35,181 million at the end of the previous fiscal year to ¥29,451 million at the end of the current fiscal year, indicating progress in line with the debt-reduction policy. - FY2018-Q3Borrowings increased in the third quarter.Annual report
「Liabilities increased by ¥1,028 million from the end of the previous consolidated fiscal year to ¥69,123 million. This was mainly due to an increase of ¥1,275 million in borrowings, among other factors.」
Despite the policy of reducing interest-bearing debt, borrowings increased by ¥1,275 million from the end of the previous consolidated fiscal year by the end of the third quarter, and liabilities increased by ¥1,028 million. - FY2018-Q2Borrowings increased in the first half.Annual report
「Liabilities increased by ¥1,331 million from the end of the previous consolidated fiscal year to ¥69,426 million. This was mainly due to an increase of ¥1,876 million in borrowings, among other factors.」
While no policy to reduce interest-bearing debt was explicitly stated, borrowings increased by the end of the second quarter, and liabilities increased by ¥1,331 million from the end of the previous fiscal year. - FY2017AdvancedAnnual report
「Interest-bearing debt decreased from ¥37,806 million at the end of the previous consolidated fiscal year to ¥35,181 million at the end of the current consolidated fiscal year.」
Under its policy of reducing interest-bearing debt, interest-bearing debt decreased by ¥2,625 million. - FY2016First statedAnnual report
「The company intends to continue strengthening its financial position by reducing interest-bearing debt.」
Interest-bearing debt stood at ¥37,806 million at the end of the current consolidated fiscal year, up from ¥35,987 million at the end of the previous fiscal year.