Reliance on Interest-Bearing Debt and Interest Rate Risk
First written in FY2016. 14 of 26 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2026.
Ap Holdings moved to the "Worse" side of this theme in 2020, 1 year before 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 "Mitigated".
- FY2026MitigatedAnnual report
「For the fiscal year ending March 2026, the Company's group had interest-bearing debt of ¥4,734 million, and its interest-bearing debt dependency ratio was 59.0%. The group is currently building up internal funds through operating cash flow and reducing interest-bearing debt.」
Interest-bearing debt decreased from ¥5,796 million in the previous period to ¥4,734 million, while the debt dependency ratio declined from 75.3% to 59.0%. The group is building up operating cash flow and reducing debt. - FY2026-H1MitigatedAnnual report
「Liabilities for the interim consolidated accounting period decreased by ¥1,176 million from the previous consolidated fiscal year to ¥6,563 million. This was mainly due to a ¥941 million decrease in short-term borrowings.」
Total liabilities decreased by ¥1,176 million and short-term borrowings by ¥941 million, indicating a reduction in the burden of interest-bearing debt. - FY2025-H1MitigatedAnnual report
「Liabilities decreased by ¥730 million from the previous consolidated fiscal year, bringing total liabilities to ¥7,379 million. This was mainly due to the repayment of borrowings and payments of taxes and other items.」
Total liabilities decreased by ¥730 million year on year due to the repayment of borrowings and other factors, indicating a reduction in the financial burden. - FY2024MitigatedAnnual report
「For the fiscal year ended March 2024, the Company's group had interest-bearing debt of ¥6,011 million, and its interest-bearing debt dependency ratio was 72.6%.」
Interest-bearing debt decreased from ¥6,847 million in the previous period to ¥6,011 million, while the debt dependency ratio declined from 74.9% to 72.6%. - FY2024-Q3MitigatedAnnual report
「Liabilities decreased by ¥565 million from the previous consolidated fiscal year to ¥8,456 million. This was mainly due to a ¥535 million decrease resulting from the repayment of interest-bearing debt.」
Repayment of interest-bearing debt reduced liabilities by ¥565 million and interest-bearing debt by ¥535 million from the previous consolidated fiscal year-end, indicating a reduced financial burden. - FY2024-Q2MitigatedAnnual report
「Liabilities decreased by ¥469 million from the previous consolidated fiscal year, bringing total liabilities to ¥8,552 million. This was due to the repayment of borrowings and payments of taxes and other items.」
Total liabilities decreased by ¥469 million year on year due to the repayment of borrowings and other factors, indicating a reduction in exposure to interest-bearing debt. - FY2023MitigatedAnnual report
「For the fiscal year ended March 2023, the Company's group had interest-bearing debt of ¥6,847 million, and its interest-bearing debt dependency ratio was 74.9%.」
Interest-bearing debt decreased from ¥7,774 million in the previous period to ¥6,847 million, while the debt dependency ratio declined from 80.3% to 74.9%. - FY2023-Q3MitigatedAnnual report
「Short-term borrowings 1,945,011 Current portion of long-term borrowings 638,466 Long-term borrowings 4,547,307」
Total interest-bearing debt was approximately ¥7.13 billion at the end of December 2022, down from approximately ¥7.17 billion at the end of September 2022. This indicates a reduced exposure to interest-bearing debt. - FY2023-Q2MitigatedAnnual report
「Short-term borrowings 1,952,984 Current portion of long-term borrowings 644,879 Long-term borrowings 4,572,146」
Total interest-bearing debt was approximately ¥7.17 billion at the end of September 2022, down from approximately ¥7.74 billion at the end of March 2022. This indicates a reduced exposure to interest-bearing debt. - FY2023-Q1Interest-bearing debt decreasedAnnual report
「Short-term borrowings 2,099,500 Current portion of long-term borrowings 785,840 Long-term borrowings 4,701,719」
Total interest-bearing debt was approximately ¥7.59 billion, down from approximately ¥7.74 billion at the end of March 2022. - FY2022-Q3Balance decreased from the previous quarter-end but increased from the previous fiscal year-endAnnual report
「Short-term borrowings 2,322,321 Current portion of long-term borrowings 809,113 Long-term borrowings 5,101,317」
Total interest-bearing debt was approximately ¥8,233 million at the end of December 2021, down from approximately ¥8,362 million at the previous quarter-end but above approximately ¥8,012 million at the end of March 2021. - FY2022-Q2WorsenedAnnual report
「Short-term borrowings 2,398,000 Current portion of long-term borrowings 794,850 Long-term borrowings 5,169,136」
Interest-bearing debt was approximately ¥8,362 million at the end of September 2021, up from approximately ¥8,012 million at the end of March 2021. The burden of interest-bearing debt relative to total assets also increased. - FY2021WorsenedAnnual report
「For the fiscal year ended March 2021, the Company's group had interest-bearing debt of ¥8,012 million, and its interest-bearing debt dependency ratio was 80.0%.」
Interest-bearing debt rose from ¥6,574 million in the previous period to ¥8,012 million, while the debt dependency ratio increased from 65.3% to 80.0%. - FY2021-Q2WorsenedAnnual report
「Liabilities increased by ¥2,355 million from the previous consolidated fiscal year, bringing total liabilities to ¥10,876 million. This was mainly due to the ¥1,918 million increase in short-term borrowings noted above.」
Total liabilities increased by ¥2,355 million due to the increase in short-term borrowings in response to the spread of COVID-19, indicating a greater financial burden. - FY2021-Q1WorsenedAnnual report
「Liabilities increased by ¥892 million from the previous consolidated fiscal year, bringing total liabilities to ¥9,413 million. This was mainly due to a ¥936 million increase in short-term borrowings associated with the temporary suspension of operations.」
Short-term borrowings increased by ¥936 million due to the temporary suspension of operations, and total liabilities also increased by ¥892 million, indicating a greater financial burden. - FY2020WorsenedAnnual report
「For the fiscal year ended March 2020, the Group's interest-bearing debt amounted to ¥6,574 million, and its dependence on interest-bearing debt was 65.3%.」
Interest-bearing debt rose from ¥5,996 million in the previous period to ¥6,574 million, while the debt dependency ratio increased from 56.3% to 65.3%. - FY2020-Q2WorsenedAnnual report
「Liabilities decreased by ¥609 million from the previous consolidated fiscal year-end to total ¥8,633 million. This was mainly due to a ¥155 million increase in interest-bearing debt, including borrowings and bonds, and a ¥308 million decrease in accrued expenses.」
Although total liabilities decreased, interest-bearing debt, including borrowings and bonds, increased by ¥155 million, indicating an increase in interest-bearing debt exposure. - FY2019WorsenedAnnual report
「For the fiscal year ended March 2019, the Group's interest-bearing debt amounted to ¥5,996 million, and its dependence on interest-bearing debt was 56.3%.」
Interest-bearing debt decreased from ¥6,592 million to ¥5,996 million, while dependence on interest-bearing debt increased from 50.6% to 56.3%. - FY2019-Q3MitigatedAnnual report
「Liabilities decreased by ¥315 million from the previous consolidated fiscal year-end to total ¥9,253 million. This was mainly due to a ¥385 million decrease in borrowings and bonds resulting from the repayment of interest-bearing debt.」
Borrowings and bonds decreased by ¥385 million due to the repayment of interest-bearing debt, and the reduction in interest-bearing debt exposure continued. - FY2019-Q2MitigatedAnnual report
「Liabilities decreased by ¥1,007 million from the previous consolidated fiscal year-end to total ¥8,560 million. This was mainly due to a ¥469 million decrease in borrowings and bonds resulting from the repayment of interest-bearing debt and a ¥178 million decrease in accrued corporate taxes and other liabilities following payment of corporate taxes.」
Borrowings and bonds decreased by ¥469 million due to the repayment of interest-bearing debt, and the reduction in interest-bearing debt exposure continued. - FY2019-Q1MitigatedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, total assets decreased by ¥958 million from the previous consolidated fiscal year-end to ¥12,081 million. This was mainly due to a ¥762 million decrease in cash and deposits resulting from the repayment of interest-bearing debt and payment of corporate taxes. Liabilities decreased by ¥868 million from the previous consolidated fiscal year-end to total ¥8,699 million. This was mainly due to a ¥550 million decrease in borrowings and bonds as a result of the repayment of interest-bearing debt.」
Borrowings and bonds decreased by ¥550 million due to the repayment of interest-bearing debt, indicating reduced interest-bearing debt exposure. - FY2018WorsenedAnnual report
「For the fiscal year ended March 2018, the Group's interest-bearing debt amounted to ¥6,592 million, and its dependence on interest-bearing debt was 50.6%.」
Interest-bearing debt decreased from ¥6,821 million to ¥6,592 million, while dependence on interest-bearing debt increased from 49.3% to 50.6%. - FY2017WorsenedAnnual report
「For the fiscal year ended March 2017, the Group's interest-bearing debt amounted to ¥6,821 million, and its dependence on interest-bearing debt was 49.3%.」
Interest-bearing debt increased from ¥6,229 million in the previous fiscal year to ¥6,821 million, while dependence on interest-bearing debt rose from 48.8% to 49.3%. - FY2016First statedAnnual report
「For the fiscal year ended March 2016, the Group's interest-bearing debt amounted to ¥6,230 million, and its dependence on interest-bearing debt was 48.8%.」
The Group finances investments in stores and production facilities through borrowings and other means, and identifies the possibility of higher financing costs due to variable interest rates.