Dependence on Interest-Bearing Debt and Financial Risk from Rising Interest Rates
First written in FY2016. 30 of 33 entries say "Mitigated", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2020: 64 of 141 companies on the "Worse" side.
71 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The main factor was a ¥308 million decrease in long-term borrowings resulting from the lump-sum repayment of borrowings to address rising borrowing costs.」
Borrowings were repaid in a lump sum to address rising borrowing costs, reducing long-term borrowings by ¥308 million; long-term borrowings were zero at the end of the period. - 2026-05-14MitigatedResults
「主な要因は、長期借入金が３億８百万円減少したためです。」
長期借入金が３億８百万円減少し、当連結会計年度末には１年内返済予定の長期借入金と長期借入金がいずれもゼロとなった。 - FY2026-H1MitigatedAnnual report
「Cash used in financing activities amounted to ¥244 million, down 24.5% year on year. This was mainly because cash decreased by ¥54 million in payments for repayment of long-term borrowings and ¥189 million in dividend payments.」
Repayment of long-term borrowings continued, reducing the combined current portion of long-term borrowings and long-term borrowings from ¥656 million at the end of the previous fiscal year to ¥343 million. - FY2025MitigatedAnnual report
「As of the end of the consolidated fiscal year, cash and deposits were ¥5,971 million and interest-bearing debt was ¥401 million, leaving a positive balance of ¥5,570 million after deducting interest-bearing debt from cash and deposits. The Group also had ample investment capacity and a very sound financial position.」
Interest-bearing debt decreased from ¥656 million to ¥401 million, and cash and deposits less interest-bearing debt were positive at ¥5,570 million. - FY2025-H1MitigatedAnnual report
「Cash used in financing activities amounted to ¥323 million, down 17.0% year on year. This was mainly because cash decreased by ¥160 million in payments for repayment of long-term borrowings and ¥161 million in dividend payments.」
Repayment of long-term borrowings reduced the combined current portion of long-term borrowings and long-term borrowings from ¥652 million to ¥491 million. Financial and interest-rate exposure has been reduced. - FY2024MitigatedAnnual report
「As of the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥656 million, representing 3.6% of total assets.」
Interest-bearing debt declined from ¥1,068 million at the end of the previous fiscal year, or 6.3% of total assets, and cash and deposits less interest-bearing debt were positive at ¥3,113 million. - FY2024-Q3MitigatedAnnual report
「Total liabilities decreased by ¥429 million from the end of the previous consolidated fiscal year to ¥7,091 million. This was mainly because scheduled repayment of borrowings reduced the current portion of long-term borrowings by ¥109 million and long-term borrowings by ¥213 million.」
Scheduled repayments reduced the current portion of long-term borrowings from ¥411 million to ¥302 million and long-term borrowings from ¥652 million to ¥439 million, lowering financial and interest-rate exposure. - FY2024-Q2MitigatedAnnual report
「This was because cash decreased by ¥227 million in payments for scheduled repayment of long-term borrowings and ¥162 million in dividend payments.」
¥227 million was used for scheduled repayment of long-term borrowings, reducing the current portion of long-term borrowings from ¥411 million to ¥345 million and long-term borrowings from ¥652 million to ¥491 million. - FY2024-Q1MitigatedAnnual report
「Current portion of long-term borrowings 411 382 Long-term borrowings 652 564」
The combined current portion of long-term borrowings and long-term borrowings decreased from ¥1,063 million at the end of the previous consolidated fiscal year to ¥946 million, reducing interest-bearing debt and interest-rate exposure. - FY2023MitigatedAnnual report
「As of the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥1,068 million, representing 6.3% of total assets.」
Interest-bearing debt declined further from ¥1,609 million at the end of the previous fiscal year, and its ratio to total assets fell from 10.0%, reducing financial and interest-rate exposure. - FY2023-Q3MitigatedAnnual report
「Total liabilities decreased by ¥200 million from the end of the previous consolidated fiscal year to ¥7,359 million. This was mainly because scheduled repayment of borrowings reduced long-term borrowings by ¥322 million.」
Scheduled repayment of borrowings reduced long-term borrowings by ¥322 million, lowering interest-bearing debt and interest-rate exposure. - FY2023-Q2MitigatedAnnual report
「Cash used in financing activities amounted to ¥470 million, up 2.2% year on year. This was mainly because cash decreased by ¥294 million in payments for scheduled repayment of long-term borrowings and ¥175 million in dividend payments.」
¥294 million was used for scheduled repayment of long-term borrowings, reducing the balance of long-term borrowings from ¥1,063 million at the end of the previous consolidated fiscal year to ¥836 million. - FY2023-Q1MitigatedAnnual report
「Current portion of long-term borrowings 540 508 Long-term borrowings 1,063 946」
The current portion of long-term borrowings decreased from ¥540 million to ¥508 million, and long-term borrowings decreased from ¥1,063 million to ¥946 million, reducing interest-bearing debt and interest-rate exposure. - FY2022MitigatedAnnual report
「As of the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥1,609 million, representing 10.0% of total assets.」
Interest-bearing debt declined further from ¥2,204 million at the end of the previous fiscal year, and its ratio to total assets fell from 13.1%, reducing financial and interest-rate exposure. - FY2022-Q3MitigatedAnnual report
「Current portion of long-term borrowings 596 572 Long-term borrowings 1,604 1,184」
From the end of the previous consolidated fiscal year, the combined current portion of long-term borrowings and long-term borrowings decreased from ¥2,200 million to ¥1,756 million, reducing interest-bearing debt and interest-rate exposure. - FY2022-Q2MitigatedAnnual report
「Total liabilities decreased by ¥727 million from the end of the previous consolidated fiscal year to ¥7,085 million. This was mainly because scheduled repayment of borrowings reduced long-term borrowings by ¥294 million.」
Scheduled repayment of borrowings reduced long-term borrowings by ¥294 million, lowering interest-bearing debt and interest-rate exposure. - FY2022-Q1MitigatedAnnual report
「Total liabilities decreased by ¥186 million from the end of the previous consolidated fiscal year to ¥7,626 million. This was mainly because scheduled repayment of borrowings reduced long-term borrowings by ¥145 million.」
Scheduled repayment of borrowings reduced long-term borrowings by ¥145 million, lowering interest-bearing debt and interest-rate exposure. - FY2021MitigatedAnnual report
「As of the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥2,204 million, representing 13.1% of total assets.」
Interest-bearing debt declined from ¥2,808 million at the end of the previous fiscal year to ¥2,204 million, while its ratio to total assets fell from 18.3% to 13.1%. Cash and deposits less interest-bearing debt were positive at ¥335 million, indicating a financial position with effectively no debt. - FY2021-Q3MitigatedAnnual report
「Total liabilities decreased by ¥181 million from the end of the previous consolidated fiscal year to ¥8,184 million. This was mainly because progress in scheduled repayment of borrowings reduced long-term borrowings by ¥444 million.」
Scheduled repayment of borrowings reduced long-term borrowings by ¥444 million, lowering interest-bearing debt and interest-rate exposure. - FY2021-Q2MitigatedAnnual report
「Total liabilities decreased by ¥608 million from the end of the previous consolidated fiscal year to ¥7,757 million. This was mainly because scheduled repayment of borrowings reduced long-term borrowings by ¥298 million, and payment of corporate taxes reduced accrued corporate taxes by ¥77 million.」
Scheduled repayment of borrowings reduced long-term borrowings by ¥298 million, lowering financial and interest-rate exposure. - FY2021-Q1MitigatedAnnual report
「Current portion of long-term borrowings 603 596 Long-term borrowings 2,201 2,052」
The current portion of long-term borrowings and long-term borrowings decreased from the end of the previous fiscal year, and interest expense fell from ¥5 million in the same period of the previous year to ¥3 million. Interest-bearing debt and interest-rate exposure have been reduced to some extent. - FY2020MitigatedAnnual report
「As of the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥2,808 million, representing 18.3% of total assets.」
Interest-bearing debt declined from ¥4,301 million at the end of the previous fiscal year to ¥2,808 million, while its ratio to total assets fell from 27.9% to 18.3%. - FY2020-Q3MitigatedAnnual report
「Total liabilities decreased by ¥984 million from the end of the previous consolidated fiscal year to ¥8,428 million. This was mainly because repayment of borrowings using funds generated through efforts to improve cash flow reduced short-term borrowings by ¥600 million, the current portion of long-term borrowings by ¥258 million and long-term borrowings by ¥460 million.」
Repayment of borrowings reduced short-term borrowings by ¥600 million, the current portion of long-term borrowings by ¥258 million and long-term borrowings by ¥460 million. Interest-bearing debt exposure was reduced further. - FY2020-Q2MitigatedAnnual report
「Scheduled repayment of borrowings using funds generated through efforts to improve cash flow reduced the current portion of long-term borrowings by ¥217 million and long-term borrowings by ¥315 million」
Scheduled repayment of borrowings reduced the current portion of long-term borrowings and long-term borrowings, lowering interest-bearing debt exposure. - FY2020-Q1MitigatedAnnual report
「Short-term borrowings 600 600 Current portion of long-term borrowings 882 712 Long-term borrowings 2,815 2,649 Interest expense 9 5」
Short-term borrowings were unchanged, while the current portion of long-term borrowings and long-term borrowings decreased, and interest expense fell from ¥9 million in the same period of the previous year to ¥5 million. - FY2019MitigatedAnnual report
「As of the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥4,301 million, representing 27.9% of total assets.」
Interest-bearing debt declined from ¥5,497 million at the end of the previous fiscal year to ¥4,301 million, while its ratio to total assets fell from 36.6% to 27.9%. - FY2019-Q3MitigatedAnnual report
「Total liabilities decreased by ¥5 million from the end of the previous consolidated fiscal year to ¥10,027 million. This was mainly because notes and accounts payable increased by ¥339 million through efforts to improve cash flow, while scheduled repayment of borrowings reduced the current portion of long-term borrowings by ¥76 million and long-term borrowings by ¥41 million.」
Scheduled repayment of borrowings reduced the current portion of long-term borrowings and long-term borrowings, lowering interest-bearing debt exposure. - FY2019-Q2MitigatedAnnual report
「This was mainly because scheduled repayments of borrowings were made using funds generated through efforts to improve cash flow, reducing the current portion of long-term borrowings by ¥114 million and long-term borrowings by ¥385 million, while notes and accounts payable increased by ¥390 million.」
Scheduled repayment of borrowings reduced the current portion of long-term borrowings and long-term borrowings, lowering interest-bearing debt exposure. - FY2019-Q1MitigatedAnnual report
「Total liabilities decreased by ¥279 million from the end of the previous consolidated fiscal year to ¥9,753 million. This was mainly because scheduled repayments of borrowings were made using funds generated through efforts to improve cash flow, resulting in a ¥189 million decrease in long-term borrowings.」
Efforts to improve cash flow enabled scheduled repayment of borrowings, reducing total liabilities and long-term borrowings. - FY2018WorsenedAnnual report
「As of the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥5,497 million, representing 36.6% of total assets. Accordingly, if interest-bearing debt increases or interest rates rise in the future, interest expense may increase and affect the Group's operating results and financial position.」
Interest-bearing debt increased from ¥4,454 million at the end of the previous fiscal year to ¥5,497 million, while its ratio to total assets rose from 34.0% to 36.6%, expanding debt and interest-rate exposure. - FY2018-Q3WorsenedAnnual report
「Short-term borrowings 1,001 1,848 Current portion of long-term borrowings 915 877 Long-term borrowings 2,536 2,726」
From the end of the previous consolidated fiscal year, short-term borrowings increased from ¥1,001 million to ¥1,848 million and long-term borrowings increased from ¥2,536 million to ¥2,726 million, expanding interest-bearing debt exposure. - FY2017MitigatedAnnual report
「As of the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥4,454 million, representing 34.0% of total assets. Accordingly, if interest-bearing debt increases or interest rates rise in the future, interest expense may increase and affect the Group's operating results and financial position.」
Interest-bearing debt declined from ¥4,513 million at the end of the previous fiscal year to ¥4,454 million, its ratio to total assets fell from 34.3% to 34.0%, and interest expense decreased from ¥47 million to ¥38 million. - FY2016First statedAnnual report
「As of the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥4,513 million, representing 34.3% of total assets. Accordingly, if interest-bearing debt increases or interest rates rise in the future, interest expense may increase and affect the Group's operating results and financial position.」
The amount of interest-bearing debt and its ratio to total assets are presented, with increased debt and rising interest rates identified as risk factors.