Dependence on Interest-Bearing Debt and Interest-Rate Risk
First written in FY2019. 12 of 20 entries say "Mitigated", first in FY2020. Latest entry: 2026-09-11.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Mitigated".
- 2026-09-11MitigatedEarnings
「The principal factors included a ¥21,125 million increase in short-term borrowings and a ¥6,646 million decrease in income taxes payable. Non-current liabilities were ¥17,590 million. The principal factor behind the change was a ¥23,451 million decrease in long-term borrowings, mainly due to reclassification to current liabilities.」
Total short- and long-term borrowings decreased from ¥30,134 million at the end of the previous consolidated fiscal year to ¥27,808 million. Although the presentation included reclassification between liability categories, interest-bearing debt declined. - FY2026-H1MitigatedAnnual report
「Short-term borrowings 3,115 24,115 Long-term borrowings 27,019 4,462」
The total of short-term and long-term borrowings decreased from ¥30,134 million at the end of the previous consolidated fiscal year to ¥28,577 million. Although the presentation classification changed, including the transfer of long-term borrowings to current liabilities, interest-bearing debt exposure has declined. - FY2025-H1MitigatedAnnual report
「Short-term borrowings 6,865 3,115 Long-term borrowings 30,135 28,577」
The total of short-term and long-term borrowings decreased from ¥37,000 million at the end of the previous consolidated fiscal year to ¥31,692 million, reducing interest-bearing debt exposure. - FY2024MitigatedAnnual report
「As of the end of October 2024, the Group had ¥37,000 million in interest-bearing debt, excluding lease obligations.」
The interest-bearing debt balance declined from ¥38,317 million at the end of the previous fiscal year to ¥37,000 million, slightly reducing debt exposure. Measures against interest-rate fluctuations, including fixed-rate funding, continue. - FY2024-Q2MitigatedAnnual report
「Short-term borrowings 1,317 856 Long-term borrowings 37,000 36,451」
The total of short-term and long-term borrowings decreased from ¥38,317 million at the end of the previous consolidated fiscal year to ¥37,307 million, reducing interest-bearing debt exposure. - FY2024-Q1MitigatedAnnual report
「Short-term borrowings 1,317 1,005 Long-term borrowings 37,000 36,846」
The total of short-term and long-term borrowings decreased from ¥38,317 million at the end of the previous consolidated fiscal year to ¥37,851 million. The interest-bearing debt balance declined slightly. - FY2023WorsenedAnnual report
「As of the end of October 2023, the Group had ¥38,317 million in interest-bearing debt, excluding lease obligations.」
The interest-bearing debt balance increased from ¥34,690 million at the end of the previous fiscal year to ¥38,317 million. Measures against interest-rate fluctuations, including fixed-rate funding, are also described. - FY2023-Q3WorsenedAnnual report
「The main factor behind the increase in non-current liabilities, as with the factors increasing assets, was a ¥10,691 million increase in long-term borrowings from new borrowings.」
Long-term borrowings increased by ¥10,691 million from the end of the previous consolidated fiscal year due to new borrowings, and exposure to interest-bearing debt continues to expand. - FY2023-Q2WorsenedAnnual report
「The main factor behind the increase in non-current liabilities was a ¥10,718 million increase in long-term borrowings from new borrowings, as with the factors behind the increase in assets.」
Long-term borrowings increased by ¥10,718 million from the end of the previous consolidated fiscal year due to new borrowings, and exposure to interest-bearing debt continues to expand. - FY2023-Q1WorsenedAnnual report
「The main factor behind the increase in non-current liabilities, as with the factors increasing assets, was an ¥11,534 million increase in long-term borrowings from new borrowings.」
Against the trend of reducing interest-bearing debt through the previous fiscal year, long-term borrowings increased by ¥11,534 million due to new borrowings, expanding debt exposure. - FY2022-Q2WorsenedAnnual report
「The main factor was a ¥10,613 million increase in long-term borrowings from new borrowings, as with the factors behind the increase in assets.」
Against the trend of reducing interest-bearing debt through the previous fiscal year, long-term borrowings increased by ¥10,613 million from the end of the previous consolidated fiscal year due to new borrowings for purposes including capital investment. - FY2022-Q1WorsenedAnnual report
「The main factor behind the increase in non-current liabilities, as with the factors increasing assets, was a ¥14,229 million increase in long-term borrowings from new borrowings.」
Against the trend of reducing and repaying interest-bearing debt through the previous fiscal year, long-term borrowings increased by ¥14,229 million due to new borrowings for purposes including capital investment. - FY2021MitigatedAnnual report
「As of the end of October 2021, the Group had ¥34,690 million in interest-bearing debt, excluding lease obligations.」
The interest-bearing debt balance declined from ¥49,289 million at the end of the previous fiscal year to ¥34,690 million, indicating progress in reducing borrowings. The disclosure also describes measures against interest-rate risk through fixed-rate funding and interest-rate swaps. - FY2021-Q2MitigatedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities totaled ¥75,566 million, a decrease of ¥13,339 million from the end of the previous consolidated fiscal year. The main factor was a ¥9,469 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥9,469 million from the end of the previous consolidated fiscal year, while total liabilities also decreased by ¥13,339 million. Exposure to interest-bearing debt and rising interest rates has declined. - FY2021-Q1MitigatedAnnual report
「Liabilities totaled ¥79,612 million, a decrease of ¥9,293 million from the end of the previous consolidated fiscal year. The main factors were decreases of ¥2,589 million in income taxes payable, ¥2,545 million in accounts payable and ¥2,360 million in short-term borrowings.」
Total liabilities decreased by ¥9,293 million from the end of the previous consolidated fiscal year, mainly due to a decrease in short-term borrowings. - FY2020MitigatedAnnual report
「As of the end of October 2020, the Group had ¥49,289 million in interest-bearing debt, excluding lease obligations. Although it will continue investing in M&A and other initiatives to expand its businesses, it will work to reduce its interest-bearing debt balance.」
The interest-bearing debt balance declined from ¥59,195 million at the end of the previous fiscal year to ¥49,289 million, and the policy of reducing debt continues. - FY2020-Q2WorsenedAnnual report
「The main factors were an increase of ¥5,870 million in accounts payable due to a sharp rise in product purchases in the Gyomu Super business and an increase of ¥5,950 million in long-term borrowings.」
Long-term borrowings increased by ¥5,950 million from the end of the previous consolidated fiscal year, and the increase in interest-bearing debt is disclosed. - FY2019First statedAnnual report
「As of the end of October 2019, the Group had ¥59,195 million in interest-bearing debt, excluding lease obligations.」
While continuing to invest in M&A and other initiatives, the Group has disclosed a policy of reducing interest-bearing debt and the risk of higher funding costs due to rising interest rates and interest-rate conditions at refinancing.