Achieving Zero Net Interest-Bearing Debt
First written in FY2021. 3 of 13 entries say "Advanced", first in FY2022. Latest entry: 2026-11-05.
Hiraki moved to the "Worse" side of this theme in 2025, the same year as the typical company in this theme.
2 other companies' latest entry also says "Worsened".
- 2026-11-05WorsenedRevisions to earnings forecasts
「長期借入金が６億37百万円増加したこと等によるものであります。」
ネット有利子負債ゼロの目標に関係する長期借入金が中間期に増加している。 - FY2026-H1WorsenedAnnual report
「Fixed liabilities increased by ¥792 million from the end of the previous consolidated fiscal year to ¥5,842 million. This was mainly due to an ¥802 million increase in long-term borrowings.」
Long-term borrowings increased by ¥802 million during the interim period against the target of zero net interest-bearing debt, while the equity ratio also declined to 40.8%. - FY2025SoftenedAnnual report
「In addition, on the balance sheet, we will work to optimise inventory, make effective use of fixed assets and reduce interest-bearing debt.」
The previous wording, “zero net interest-bearing debt,” is not explicitly used in the explanation of the plan, which instead refers to “reducing interest-bearing debt.” - FY2025-H1WorsenedAnnual report
「Fixed liabilities increased by ¥772 million from the end of the previous consolidated fiscal year to ¥5,972 million. This was due mainly to a ¥784 million increase in long-term borrowings.」
Long-term borrowings increased by ¥784 million during the interim period against the target of zero net interest-bearing debt. The equity ratio also declined to 43.2%, indicating that the financial metrics toward the target deteriorated during the interim period. - FY2024AdvancedAnnual report
「We will continue to focus on reducing interest-bearing debt and aim to achieve zero net interest-bearing debt.」
Interest-bearing debt decreased to ¥6.958 billion, and the company continues to reduce debt toward its target of zero net interest-bearing debt. However, there is no statement that the target has been achieved. - FY2024-Q3Long-term borrowings increased, but the equity ratio recovered from the interim periodAnnual report
「Fixed liabilities increased ¥307 million from the end of the previous consolidated fiscal year to ¥5,681 million. This was mainly due to a ¥281 million increase in long-term borrowings. The equity ratio declined 1.2 percentage points from the end of the previous consolidated fiscal year to 44.1%.」
Long-term borrowings increased ¥281 million from the end of the previous fiscal year, indicating higher debt against the goal of zero net interest-bearing debt. Meanwhile, the equity ratio recovered from 42.8% at the end of the second quarter to 44.1%, but remained below the target of 45% or higher. - FY2024-Q2Borrowings increased and the equity ratio declined in the interim periodAnnual report
「Fixed liabilities increased ¥769 million from the end of the previous consolidated fiscal year to ¥6,143 million. This was mainly due to a ¥764 million increase in long-term borrowings. The equity ratio declined 2.3 percentage points from the end of the previous consolidated fiscal year to 43.0%.」
Against the goal of zero net interest-bearing debt, long-term borrowings increased ¥764 million in the interim period and the equity ratio also declined to 43.0%. - FY2024-Q1Borrowings increased and the equity ratio declined in the first quarterAnnual report
「Fixed liabilities increased ¥1,244 million from the end of the previous consolidated fiscal year to ¥6,617 million. This was mainly due to a ¥1,250 million increase in long-term borrowings. The equity ratio declined 2.9 percentage points from the end of the previous consolidated fiscal year to 42.4%.」
Against the goal of zero net interest-bearing debt, long-term borrowings increased ¥1,250 million in the first quarter and the equity ratio also declined to 42.4%. - FY2023AdvancedAnnual report
「The equity ratio at the end of the current consolidated fiscal year was 45.3%, marking an improvement for 7 consecutive periods since the fiscal year ended March 2017. We will continue to focus on reducing interest-bearing debt and aim to achieve zero net interest-bearing debt.」
The equity ratio was 45.3%, exceeding the target of 45% or higher, and improved for the 7th consecutive period. The target of zero net interest-bearing debt remains in place. - FY2023-Q3Long-term borrowings increased in the third quarterAnnual report
「Fixed liabilities increased by ¥280 million from the end of the previous consolidated fiscal year to ¥5,670 million. This was due mainly to a ¥242 million increase in long-term borrowings.」
Regarding the goal of zero net interest-bearing debt, long-term borrowings increased ¥242 million from the end of the previous consolidated fiscal year. - FY2023-Q2Borrowings increased and the equity ratio declined in the interim periodAnnual report
「Fixed liabilities increased ¥737 million from the end of the previous consolidated fiscal year to ¥6,127 million. This was mainly due to a ¥694 million increase in long-term borrowings. The equity ratio declined 1.5 percentage points from the end of the previous consolidated fiscal year to 42.8%.」
Regarding the goal of zero net interest-bearing debt, long-term borrowings increased ¥694 million in the interim period and the equity ratio also declined to 42.8%. - FY2022AdvancedAnnual report
「The equity ratio at the end of the current consolidated fiscal year was 44.3%, marking an improvement for 6 consecutive periods since the fiscal year ended March 2017. We will continue to focus on reducing interest-bearing debt and aim to achieve zero net interest-bearing debt.」
The equity ratio improved for 6 consecutive periods to 44.3%, and interest-bearing debt also declined. The company reported progress in improving its financial position toward the goal of zero net interest-bearing debt. - FY2021First statedAnnual report
「We will continue to focus on reducing interest-bearing debt and aim to achieve zero net interest-bearing debt.」
The company stated for the first time a continued policy of reducing interest-bearing debt as the measurable target of zero net interest-bearing debt.