Dependence on Interest-Bearing Debt
First written in FY2021. 19 of 20 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2026.
Landnet moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The ratio of reliance on interest-bearing debt was 52.0% as of the end of the consolidated fiscal year.」
The ratio of reliance on interest-bearing debt rose from 51.1% in the previous fiscal year to 52.0%. Short-term borrowings related to the acquisition of real estate for sale also increased by ¥5.374 billion. - FY2026-H1WorsenedAnnual report
「The main factors were an increase of ¥4,669 million in short-term borrowings and an increase of ¥229 million in the current portion of long-term borrowings associated with funding for purchases of real estate held for sale.」
Short-term borrowings increased by ¥4.669 billion and the current portion of long-term borrowings by ¥229 million for purchases of real estate held for sale. Long-term borrowings declined by ¥1.953 billion through repayments and other factors, but dependence on borrowings increased. - FY2025WorsenedAnnual report
「The interest-bearing debt dependence ratio was 51.1% at the end of the current consolidated fiscal year.」
The ratio rose from 48.0% in the previous fiscal year to 51.1%, with borrowings also increasing for acquisitions of real estate held for sale and rental properties. - FY2025-H1WorsenedAnnual report
「The main factors were an increase of ¥1,800 million in short-term borrowings and an increase of ¥543 million in the current portion of long-term borrowings associated with funding for purchases of real estate held for sale.」
Short-term borrowings increased by ¥1.8 billion and the current portion of long-term borrowings by ¥543 million in connection with purchases of real estate held for sale. Long-term borrowings also increased by ¥768 million, expanding interest-bearing debt exposure. - FY2024WorsenedAnnual report
「The interest-bearing debt dependence ratio was 48.0% at the end of the current consolidated fiscal year.」
The ratio rose from 45.7% in the previous fiscal year to 48.0%. Short-term borrowings, the current portion of long-term borrowings and long-term borrowings increased in connection with acquisitions of real estate held for sale and rental properties. - FY2024-Q3WorsenedAnnual report
「The main factors were an increase of ¥2,234 million in short-term borrowings and an increase of ¥677 million in the current portion of long-term borrowings associated with funding for purchases of real estate held for sale. The main factor was an increase of ¥363 million in long-term borrowings associated with funding for acquisitions of rental properties.」
Short-term borrowings, the current portion of long-term borrowings and long-term borrowings for rental property acquisitions increased, further expanding interest-bearing debt exposure. - FY2024-Q2WorsenedAnnual report
「The main factors were an increase of ¥1,541 million in short-term borrowings and an increase of ¥360 million in the current portion of long-term borrowings associated with funding for purchases of real estate held for sale. The main factor was an increase of ¥731 million in long-term borrowings associated with funding for acquisitions of rental properties and other purposes.」
Short-term borrowings increased by ¥1,541 million, the current portion of long-term borrowings by ¥360 million, and long-term borrowings for rental property acquisitions and other purposes by ¥731 million, expanding interest-bearing debt exposure. - FY2024-Q1WorsenedAnnual report
「The main factor was an increase of ¥2,259 million in short-term borrowings associated with funding for purchases of real estate held for sale.」
Short-term borrowings increased by ¥2,259 million for purchases of real estate held for sale, and long-term borrowings also increased by ¥448 million, expanding interest-bearing debt exposure. - FY2023WorsenedAnnual report
「The interest-bearing debt dependence ratio was 45.7% at the end of the current consolidated fiscal year.」
The ratio rose from 38.6% in the previous fiscal year to 45.7%. Short-term borrowings for purchases of real estate held for sale increased by ¥2,252 million, and long-term borrowings for rental property acquisitions increased by ¥752 million. - FY2023-Q3WorsenedAnnual report
「The main factor was an increase of ¥2,186 million in short-term borrowings associated with funding for purchases of real estate held for sale. The main factor was an increase of ¥616 million in long-term borrowings associated with funding for the acquisition of rental properties.」
Short-term borrowings for purchases of real estate held for sale increased by ¥2,186 million, while long-term borrowings for rental property acquisitions increased by ¥616 million, expanding interest-bearing debt exposure. - FY2023-Q2WorsenedAnnual report
「The main factors were an increase of ¥189 million in short-term borrowings, an increase of ¥98 million in current portion of long-term borrowings, an increase of ¥63 million in deposits received, an increase of ¥60 million in accounts payable, an increase of ¥58 million in deposits received as guarantees and a decrease of ¥137 million in accounts payable and other liabilities.」
Short-term borrowings increased by ¥189 million and the current portion of long-term borrowings by ¥98 million from the end of the previous consolidated fiscal year. Interest-bearing debt exposure continued to increase. - FY2023-Q1WorsenedAnnual report
「The main factors were an increase of ¥1,378 million in real estate held for sale, an increase of ¥78 million in advances paid and a decrease of ¥1,413 million in cash and deposits.」
Short-term borrowings increased by ¥801 million in connection with acquisitions of real estate held for sale. Although long-term borrowings declined by ¥262 million, interest-bearing debt exposure increased primarily through short-term borrowings. - FY2022WorsenedAnnual report
「The interest-bearing debt dependence ratio was 38.6% at the end of the current consolidated fiscal year.」
The interest-bearing debt dependence ratio rose from 31.8% in the previous fiscal year to 38.6%, with increases in short-term and long-term borrowings. - FY2022-Q3WorsenedAnnual report
「The main factors were an increase of ¥1,705 million in short-term borrowings, an increase of ¥120 million in deposits received and a decrease of ¥178 million in accrued corporate taxes.」
Short-term borrowings increased by ¥1,705 million and long-term borrowings under fixed liabilities also increased by ¥338 million, expanding interest-bearing debt exposure. - FY2021First statedAnnual report
「The interest-bearing debt dependence ratio was 31.8% at the end of the current consolidated fiscal year.」
Funding for purchases of used real estate is obtained mainly through borrowings from financial institutions, creating potential risks from higher interest rates and difficulty obtaining loans.