Reliance on Interest-Bearing Debt and the Risk of Higher Interest Rates
First written in FY2017. 28 of 34 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-10-14.
Treasure Factory moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
81 other companies' latest entry also says "Worsened".
- 2026-10-14WorsenedEarnings
「短期借入金が408百万円増加、長期借入金が363百万円増加、賞与引当金が54百万円増加、１年内返済予定の長期借入金が55百万円減少、未払法人税等が111百万円減少したこと等により、前連結会計年度末と比較して544百万円増加し、13,124百万円となりました。」
短期借入金と長期借入金の増加により、有利子負債残高が前期末から増加した。 - FY2027-H1WorsenedAnnual report
「Total liabilities as of the end of the current interim consolidated accounting period increased by ¥544 million from the end of the previous consolidated fiscal year to ¥13,124 million, mainly due to increases of ¥408 million in short-term borrowings, ¥363 million in long-term borrowings and ¥54 million in the provision for bonuses, despite decreases of ¥55 million in long-term borrowings due within one year and ¥111 million in accrued income taxes.」
Short-term borrowings and long-term borrowings increased, and interest-bearing debt rose from ¥7,222 million at the end of the previous fiscal year to ¥7,937 million. - 2026-07-09WorsenedEarnings
「At the end of the first quarter of the current consolidated fiscal year, total liabilities increased ¥1,073 million from the previous fiscal year-end to ¥13,652 million, mainly because short-term borrowings increased ¥1,208 million, current maturities of long-term borrowings ¥62 million and long-term borrowings ¥143 million, while the provision for bonuses declined ¥265 million and unpaid corporate taxes declined ¥523 million.」
Short-term borrowings, current maturities of long-term borrowings and long-term borrowings all increased from the previous year-end. - FY2026WorsenedAnnual report
「Interest-bearing debt as of the end of February 2026 amounted to ¥7,222 million, representing 28.3% of total assets.」
Interest-bearing debt increased from ¥5,622 million in the previous fiscal year to ¥7,222 million. Its ratio to total assets rose from 27.0% to 28.3%, increasing exposure in terms of both the debt balance and the ratio. - FY2026-H1WorsenedAnnual report
「Short-term borrowings 2,893 3,059 Long-term borrowings due within one year 1,122 1,323 Long-term borrowings 1,606 1,868」
The combined balance of short-term borrowings, long-term borrowings due within one year and long-term borrowings increased from ¥5,621 million at the end of the previous fiscal year to ¥6,250 million, increasing exposure to interest-bearing debt. - FY2025Increase in interest-bearing debt; decrease in ratio to total assetsAnnual report
「Interest-bearing debt as of the end of February 2025 amounted to ¥5,622 million, representing 27.0% of total assets.」
Interest-bearing debt increased from ¥5,387 million in the previous fiscal year, while its ratio to total assets declined from 30.4% to 27.0%. - FY2025-Q1WorsenedAnnual report
「Total liabilities as of the end of the first quarter of the current consolidated fiscal period increased by ¥484 million from the end of the previous consolidated fiscal year to ¥9,687 million, mainly due to increases of ¥570 million in short-term borrowings and ¥111 million in long-term borrowings due within one year, despite decreases of ¥204 million in the provision for bonuses and ¥301 million in accrued income taxes.」
Short-term borrowings and long-term borrowings due within one year increased, increasing exposure to the balance of interest-bearing debt. - FY2024WorsenedAnnual report
「Interest-bearing debt as of the end of February 2024 amounted to ¥5,387 million, representing 30.4% of total assets.」
Interest-bearing debt increased from ¥4,232 million in the previous fiscal year to ¥5,387 million, while its ratio to total assets rose from 28.9% to 30.4%. - FY2024-Q3WorsenedAnnual report
「Short-term borrowings 1,892 2,704 Long-term borrowings due within one year 782 880 Long-term borrowings 1,557 2,305」
The combined balance of short-term borrowings, long-term borrowings due within one year and long-term borrowings increased from ¥4,231 million at the end of the previous consolidated fiscal year to ¥5,889 million. Exposure to interest-bearing debt increased. - FY2024-Q2WorsenedAnnual report
「Short-term borrowings 1,892 2,188 Long-term borrowings due within one year 782 753 Long-term borrowings 1,557 1,430」
The combined balance of short-term borrowings, long-term borrowings due within one year and long-term borrowings increased from ¥4,231 million at the end of the previous consolidated fiscal year to ¥4,371 million. Exposure to interest-bearing debt increased. - FY2024-Q1WorsenedAnnual report
「Total liabilities as of the end of the first quarter of the current consolidated fiscal period increased by ¥469 million from the end of the previous consolidated fiscal year to ¥8,313 million, mainly due to increases of ¥925 million in short-term borrowings and ¥45 million in long-term borrowings, despite decreases of ¥270 million in the provision for bonuses and ¥499 million in accrued income taxes.」
Short-term borrowings and long-term borrowings increased, and the balance of interest-bearing debt rose from the end of the previous consolidated fiscal year. - FY2023MitigatedAnnual report
「Interest-bearing debt as of the end of February 2023 amounted to ¥4,232.625 million, representing 28.9% of total assets.」
Interest-bearing debt decreased from ¥4,337.956 million in the previous fiscal year to ¥4,232.625 million, while its ratio to total assets declined from 36.7% to 28.9%. - FY2023-Q3WorsenedAnnual report
「Total liabilities as of the end of the third quarter of the current consolidated fiscal period increased by ¥943.372 million from the end of the previous consolidated fiscal year to ¥7,857.059 million, mainly due to increases of ¥412.596 million in short-term borrowings, ¥103.984 million in long-term borrowings due within one year and ¥200.868 million in accrued income taxes, despite decreases of ¥95.164 million in the provision for bonuses and ¥93.165 million in long-term borrowings.」
The combined balance of short-term borrowings, long-term borrowings due within one year and long-term borrowings was ¥4,761.371 million, up from ¥4,337.956 million at the end of the previous consolidated fiscal year. Exposure to interest-bearing debt increased. - FY2023-Q2WorsenedAnnual report
「Total liabilities as of the end of the second quarter of the current consolidated fiscal period increased by ¥341.606 million from the end of the previous consolidated fiscal year to ¥7,255.293 million, mainly due to increases of ¥88.596 million in short-term borrowings, ¥47.330 million in long-term borrowings due within one year, ¥121.607 million in accrued income taxes and ¥47.158 million in the provision for bonuses, despite decreases of ¥60.158 million in the provision for points and ¥134.054 million in long-term borrowings.」
Short-term borrowings and long-term borrowings due within one year increased. Although long-term borrowings decreased, total interest-bearing debt rose slightly from ¥4,337.956 million at the end of the previous consolidated fiscal year to ¥4,339.828 million. - FY2023-Q1WorsenedAnnual report
「Total liabilities as of the end of the first quarter of the current consolidated fiscal period increased by ¥88.378 million from the end of the previous consolidated fiscal year to ¥7,002.065 million, mainly due to increases of ¥310.100 million in short-term borrowings and ¥61.682 million in contract liabilities, despite decreases of ¥176.462 million in long-term borrowings, ¥134.974 million in the provision for bonuses and ¥83.823 million in accrued income taxes.」
Short-term borrowings increased by ¥310.100 million, while long-term borrowings decreased by ¥176.462 million. Total interest-bearing debt increased from the end of the previous fiscal year, increasing exposure. - FY2022WorsenedAnnual report
「Interest-bearing debt as of the end of February 2022 amounted to ¥4,337.956 million, representing 36.7% of total assets.」
Interest-bearing debt increased from ¥3,187.582 million in the previous fiscal year to ¥4,337.956 million, and its ratio to total assets also rose to 36.7%. The risk of higher interest rates on new borrowings continues to be disclosed. - FY2022-Q3WorsenedAnnual report
「Total liabilities as of the end of the third quarter of the current consolidated fiscal period increased by ¥752.170 million from the end of the previous consolidated fiscal year to ¥6,858.385 million, mainly due to increases of ¥347.013 million in short-term borrowings, ¥112.649 million in long-term borrowings due within one year, ¥110.743 million in accrued income taxes and ¥222.375 million in long-term borrowings.」
Short-term borrowings, long-term borrowings due within one year and long-term borrowings increased from the end of the previous consolidated fiscal year, increasing exposure to interest-bearing debt. - FY2022-Q2WorsenedAnnual report
「Total liabilities as of the end of the second quarter of the current consolidated fiscal period increased by ¥165.953 million from the end of the previous consolidated fiscal year to ¥6,272.169 million, mainly due to increases of ¥78.306 million in long-term borrowings due within one year, ¥93.474 million in accrued income taxes and ¥116.347 million in long-term borrowings.」
Long-term borrowings due within one year increased by ¥78.306 million and long-term borrowings by ¥116.347 million, increasing exposure to interest-bearing debt. - FY2022-Q1WorsenedAnnual report
「Total liabilities as of the end of the first quarter of the current consolidated fiscal period increased by ¥295.191 million from the end of the previous consolidated fiscal year to ¥6,401.406 million, mainly due to a ¥211.980 million increase in short-term borrowings and a ¥93.609 million increase in long-term borrowings, despite a ¥98.428 million decrease in the provision for bonuses.」
Short-term borrowings increased by ¥211.980 million and long-term borrowings by ¥93.609 million, increasing exposure related to reliance on interest-bearing debt. - FY2021-Q3WorsenedAnnual report
「Total liabilities as of the end of the third quarter of the current consolidated fiscal period increased by ¥618.215 million from the end of the previous consolidated fiscal year, mainly due to a ¥462.564 million increase in short-term borrowings, to ¥5,352.809 million.」
Short-term borrowings increased by ¥462.564 million from the end of the previous consolidated fiscal year, and total liabilities also increased by ¥618.215 million. Exposure related to reliance on interest-bearing debt increased. - FY2021-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year increased by ¥172 million from the end of the previous consolidated fiscal year to ¥4,907 million, mainly due to a ¥326 million increase in short-term borrowings.」
Short-term borrowings increased by ¥326 million from the end of the previous consolidated fiscal year, increasing exposure related to reliance on interest-bearing debt. - FY2021-Q1WorsenedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year increased by ¥499 million from the end of the previous consolidated fiscal year to ¥5,234 million, mainly due to a ¥655 million increase in short-term borrowings, despite decreases of ¥169 million in income taxes payable and ¥119 million in provision for bonuses.」
Short-term borrowings increased by ¥655 million from the end of the previous consolidated fiscal year, increasing exposure related to reliance on interest-bearing debt. - FY2020Increase in interest-bearing debt; decrease in ratio to total assetsAnnual report
「Interest-bearing debt at the end of the fiscal year ended February 2020 amounted to ¥2,615 million, accounting for 27.9% of total assets.」
Interest-bearing debt increased from ¥2,540 million in the previous fiscal year, while its ratio to total assets decreased from 28.7% to 27.9%. - FY2020-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year increased by ¥497 million from the end of the previous consolidated fiscal year to ¥5,038 million, mainly due to increases of ¥403 million in short-term borrowings and ¥18 million in long-term borrowings.」
Short-term and long-term borrowings increased from the end of the previous consolidated fiscal year, increasing exposure to interest-bearing debt. - FY2020-Q2MitigatedAnnual report
「Short-term borrowings 1,104,904 1,100,004 Current portion of long-term borrowings 402,738 433,830 Long-term borrowings 1,032,496 934,320」
The total of short-term borrowings, the current portion of long-term borrowings and long-term borrowings decreased from ¥2,540 million at the end of the previous consolidated fiscal year to ¥2,468 million. Exposure to interest-bearing debt also decreased from the end of the previous quarter. - FY2020-Q1WorsenedAnnual report
「Short-term borrowings 1,104,904 1,313,334 Current portion of long-term borrowings 402,738 421,494 Long-term borrowings 1,032,496 992,499」
The total of short-term borrowings, the current portion of long-term borrowings and long-term borrowings increased from ¥2,540 million at the end of the previous consolidated fiscal year to ¥2,727 million. - FY2019WorsenedAnnual report
「Interest-bearing debt at the end of the fiscal year ended February 2019 amounted to ¥2,540 million, accounting for 28.7% of total assets.」
Interest-bearing debt increased from ¥2,129 million in the previous fiscal year to ¥2,540 million, while the ratio to total assets rose from 27.1% to 28.7%. - FY2019-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year increased by ¥421 million from the end of the previous consolidated fiscal year to ¥4,341 million, mainly due to increases of ¥235 million in short-term borrowings and ¥126 million in long-term borrowings.」
Short-term and long-term borrowings increased from the end of the previous consolidated fiscal year, increasing exposure to interest-bearing debt. - FY2019-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year increased by ¥276 million from the end of the previous consolidated fiscal year to ¥4,196 million, mainly due to a ¥222 million increase in long-term borrowings.」
Long-term borrowings increased by ¥222 million from the end of the previous consolidated fiscal year, increasing exposure to interest-bearing debt. - FY2019-Q1WorsenedAnnual report
「Short-term borrowings 904,900 1,150,000 Current portion of long-term borrowings 306,983 354,673 Long-term borrowings 916,947 1,077,418」
The total of short-term borrowings, the current portion of long-term borrowings and long-term borrowings increased from ¥2,129 million at the end of the previous consolidated fiscal year to ¥2,582 million. - FY2018MitigatedAnnual report
「Interest-bearing debt at the end of the fiscal year ended February 2018 amounted to ¥2,129 million, accounting for 27.1% of total assets.」
Interest-bearing debt decreased from ¥2,309 million, or 30.8% of total assets, in the previous fiscal year. The disclosure also reiterates that long-term borrowings are obtained at fixed interest rates. - FY2017First statedAnnual report
「Interest-bearing debt at the end of the fiscal year ended February 2017 amounted to ¥2,309 million, accounting for 30.8% of total assets.」
The disclosure states that part of the funds for opening new stores is financed through borrowings and that higher interest rates when taking out new borrowings may affect performance.