Dependence on Interest-Bearing Debt, Interest Rate Fluctuations and Financing Risk
First written in FY2021. 9 of 25 entries say "Worsened", first in FY2022-Q1. Latest entry: 2026-10-22.
Arr Planner moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- FY2027-H1WorsenedAnnual report
「The main increase in current liabilities was due to increases of ¥2,418,726 thousand in current maturities of long-term borrowings and ¥535,022 thousand in notes and accounts payable, trade, among other factors. The main increase in non-current liabilities was due to an increase of ¥848,721 thousand in long-term borrowings, among other factors.」
Interest-bearing debt, including short-term borrowings, current maturities of long-term borrowings and long-term borrowings, increased, bringing the balance to approximately ¥22,816,272 thousand and the ratio to total assets to approximately 56.5%. The Company also disclosed an extension of the term of borrowing agreements containing financial covenants and current account overdrafts secured by properties held for sale and properties under development for sale. - FY2026Debt balance increased, ratio declined; financial covenants disclosedAnnual report
「The consolidated balance of interest-bearing debt of the Group was ¥19,394,191 thousand at the end of the fiscal year under review, and interest-bearing debt accounted for 55.2% of total assets at that date. The terms and other details of the borrowing agreements containing financial covenants entered into by the Company are as follows.」
The balance of interest-bearing debt increased from ¥16,642,950 thousand at the end of the previous fiscal year, while the interest-bearing debt ratio declined from 57.7% to 55.2%. The Company also specifically disclosed borrowing agreements containing financial covenants relating to net assets, ordinary profit or loss, inventory turnover period and other matters. - FY2026-H1Balance increased, ratio decreasedAnnual report
「The main increases in current liabilities were attributable to increases of ¥531.175 million in short-term borrowings, ¥254.476 million in current portions of long-term borrowings and ¥249.207 million in advances received, among other factors. The main increase in non-current liabilities was attributable to a ¥424.581 million increase in long-term borrowings, among other factors.」
Short-term borrowings, current maturities of long-term borrowings and long-term borrowings increased, raising the balance of interest-bearing debt from the end of the previous fiscal year. Meanwhile, the interest-bearing debt ratio fell from an estimated 57.7% to approximately 56.2% due to an increase in total assets. - FY2025Balance increased, ratio decreasedAnnual report
「The consolidated balance of interest-bearing debt for the Group was ¥16,642.950 billion at the end of the consolidated fiscal year, and interest-bearing debt accounted for 57.7% of total assets.」
The balance of interest-bearing debt increased from ¥16,199.921 billion at the end of the previous fiscal year, while its ratio of total assets fell from 63.8% to 57.7%. - FY2025-H1MitigatedAnnual report
「The main increases in current liabilities were attributable to increases of ¥907.976 million in current portions of long-term borrowings and ¥395.340 million in advances received, and a ¥1,168.559 billion decrease in short-term borrowings, among other factors. The main decrease in non-current liabilities was attributable to a ¥736.475 million decrease in long-term borrowings, among other factors.」
Short-term and long-term borrowings decreased, reducing the balance of interest-bearing debt from the end of the previous consolidated fiscal year. Current portions of long-term borrowings increased, resulting in a change in the liability composition. - FY2025-Q1Balance increased, ratio decreasedAnnual report
「The main increases in current liabilities were attributable to increases of ¥702.078 million in short-term borrowings, ¥493.883 million in current portions of long-term borrowings and ¥315.478 million in advances received from customers and others, among other factors.」
Short-term borrowings and current portions of long-term borrowings increased, while long-term borrowings decreased. The balance of interest-bearing debt increased approximately, but its ratio of total assets declined. - FY2024Balance increased, ratio decreasedAnnual report
「The consolidated balance of interest-bearing debt for the Group was ¥16,199.921 billion at the end of the consolidated fiscal year, and interest-bearing debt accounted for 63.8% of total assets.」
The balance of interest-bearing debt increased from ¥16,037.525 billion at the end of the previous fiscal year, while its ratio of total assets fell from 66.2% to 63.8%, indicating mixed trends. - FY2024-Q3MitigatedAnnual report
「The main increase in current liabilities was attributable to increases of ¥1,030.013 billion in short-term borrowings and ¥1,556.963 billion in advances received from customers and others, despite a ¥1,144.602 billion decrease in current portions of long-term borrowings, among other factors.」
Short-term borrowings increased by ¥1,030.013 billion, while current portions of long-term borrowings decreased by ¥1,144.602 billion. The balance of interest-bearing debt, including bonds and long-term borrowings, decreased from the end of the previous fiscal year. - FY2024-Q2MitigatedAnnual report
「The main decrease in current liabilities was attributable to a ¥1,453.765 billion decrease in current portions of long-term borrowings, despite a ¥556.135 million increase in short-term borrowings, among other factors.」
Although short-term borrowings increased, the balance of interest-bearing debt on the balance sheet decreased from the end of the previous fiscal year due to the decline in current portions of long-term borrowings. - FY2024-Q1MitigatedAnnual report
「The main decrease in current liabilities was attributable to decreases of ¥622.536 million in current portions of long-term borrowings and ¥228.948 million in notes and accounts payable, despite a ¥412.348 million increase in advances received, among other factors.」
Current portions of long-term borrowings decreased by ¥622.536 million, reducing the balance of interest-bearing debt on the balance sheet from the end of the previous fiscal year. - FY2023WorsenedAnnual report
「The consolidated balance of interest-bearing debt for the Group was ¥16,037.525 billion at the end of the consolidated fiscal year, and interest-bearing debt accounted for 66.2% of total assets.」
The balance of interest-bearing debt increased from ¥12,916.456 billion at the end of the previous fiscal year, and its ratio of total assets also rose from 57.3% to 66.2%. - FY2023-Q3WorsenedAnnual report
「The main increases in current liabilities were attributable to increases of ¥677.510 million in short-term borrowings, ¥2,644.666 billion in current portions of long-term borrowings and ¥762.032 million in advances received from customers and others, among other factors. The main increase in non-current liabilities was attributable to a ¥181.733 million increase in long-term borrowings to finance inventory purchases and capital investment, among other factors.」
Short-term borrowings, current portions of long-term borrowings and long-term borrowings for inventories and capital investment increased, expanding dependence on interest-bearing debt. - FY2023-Q2WorsenedAnnual report
「The main increase in current liabilities was attributable to increases of ¥879.800 million in short-term borrowings and ¥2,242.382 billion in current portions of long-term borrowings, despite a ¥449.670 million decrease in advances received from customers and others, among other factors.」
Short-term borrowings and current portions of long-term borrowings increased, expanding dependence on interest-bearing debt. - FY2023-Q1WorsenedAnnual report
「The main increases in current liabilities were attributable to increases of ¥977.750 million in short-term borrowings and ¥1,221.870 billion in current portions of long-term borrowings, despite a ¥407.462 million decrease in income taxes payable, among other factors. The main increase in non-current liabilities was attributable to a ¥430.820 million increase in long-term borrowings for the purchase of inventories, among other factors.」
Short-term borrowings, current portions of long-term borrowings and long-term borrowings for inventory purchases increased, expanding dependence on interest-bearing debt. - FY2022Balance increased, ratio decreasedAnnual report
「The consolidated balance of interest-bearing debt for the Group was ¥12,916.456 billion at the end of the consolidated fiscal year, and interest-bearing debt accounted for 57.3% of total assets.」
The balance of interest-bearing debt increased from ¥9,944.618 billion at the end of the previous fiscal year, while its ratio of total assets fell from 62.1% to 57.3%, indicating mixed trends. - FY2022-Q3WorsenedAnnual report
「The main increases in current liabilities were attributable to increases of ¥758.600 million in notes and accounts payable, ¥1,230.640 billion in short-term borrowings and ¥1,174.830 billion in advances received from customers and others, among other factors. The main increase in non-current liabilities was attributable to a ¥701.222 million increase in long-term borrowings for the purchase of inventories, among other factors.」
Short-term borrowings increased by ¥1,230.640 billion and long-term borrowings for inventory purchases by ¥701.222 million, expanding dependence on interest-bearing debt. - FY2022-Q2WorsenedAnnual report
「The main increases in current liabilities were attributable to increases of ¥401.608 million in notes and accounts payable, ¥824.140 million in short-term borrowings and ¥667.860 million in advances received from customers and others, among other factors. The main increase in non-current liabilities was attributable to a ¥1,029.980 billion increase in long-term borrowings for the purchase of inventories, among other factors.」
Short-term borrowings increased by ¥824.140 million and long-term borrowings for inventory purchases by ¥1,029.980 billion, expanding dependence on interest-bearing debt. - FY2022-Q1WorsenedAnnual report
「The main increase in non-current liabilities was attributable to a ¥262.178 million increase in long-term borrowings for the purchase of inventories, among other factors.」
Long-term borrowings for the purchase of inventories increased by ¥262.178 million. Although the report states that there was no material change in the risk itself, it indicates an increase in borrowings. - FY2021First statedAnnual report
「The consolidated balance of interest-bearing debt for the Group was ¥9,944.618 billion at the end of the consolidated fiscal year, and interest-bearing debt accounted for 62.1% of total assets.」
Measures include strengthening relationships with financial institutions, securing financing, reducing interest-rate risk and scrutinising the use of funds.