Interest-Bearing Debt and Rising Interest Rates
First written in FY2018. 9 of 24 entries say "Worsened", first in FY2021-Q2. Latest entry: 2026-10-14.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- 2026-10-14ReframedEarnings
「Net cash used in financing activities during the interim consolidated accounting period was ¥162.371 million, compared with ¥386.444 million used in the previous interim consolidated accounting period. This reflected proceeds from long-term borrowings, offset by repayments of long-term borrowings, dividend payments, repayments of lease obligations, and other outflows.」
The period included both ¥180.000 million in proceeds from long-term borrowings and ¥172.558 million in repayments of long-term borrowings. The combined balance of long-term borrowings and long-term borrowings due within one year increased from the end of the previous consolidated fiscal year, so the result does not represent simple progress in debt repayment. - FY2027-H1MitigatedAnnual report
「Non-current liabilities decreased by ¥38.810 million from the end of the previous consolidated fiscal year to ¥1,635.073 million.」
Non-current liabilities decreased from the end of the previous consolidated fiscal year, while long-term borrowings also edged down from ¥819.322 million to ¥819.209 million. - 2026-07-14WorsenedEarnings
「The main factors were decreases of ¥36.305 million in long-term borrowings due within one year, ¥45.845 million in income taxes payable, and ¥35.320 million in other liabilities, including accounts payable. Non-current liabilities increased by ¥34.772 million from the end of the previous consolidated fiscal year, mainly because long-term borrowings increased by ¥63.223 million.」
Long-term borrowings due within one year declined, while long-term borrowings increased, resulting in a higher total balance of interest-bearing debt than at the end of the previous consolidated fiscal year. - FY2026MitigatedAnnual report
「Current liabilities as of the end of the consolidated fiscal year decreased by ¥103.616 million from the end of the previous consolidated fiscal year to ¥1,125.510 million. The main factor was a ¥280.474 million decrease in long-term borrowings due within 1 year. Non-current liabilities decreased by ¥49.082 million from the end of the previous consolidated fiscal year to ¥1,673.883 million. The main factor was a ¥95.134 million decrease in long-term borrowings.」
Long-term borrowings due within 1 year and long-term borrowings decreased, indicating that repayment of interest-bearing debt is progressing. - 2026-04-14MitigatedEarnings
「Current liabilities decreased by ¥103.616 million from the end of the previous consolidated fiscal year to ¥1,125.510 million. The main factor was a ¥280.474 million decrease in long-term borrowings due within one year. Non-current liabilities decreased by ¥49.082 million to ¥1,673.883 million. The main factor was a ¥95.134 million decrease in long-term borrowings.」
Both long-term borrowings due within one year and long-term borrowings declined, reducing the balance of interest-bearing debt from the previous year-end. - FY2026-H1MitigatedAnnual report
「Current liabilities decreased by ¥96.516 million from the end of the previous consolidated fiscal year to ¥1,132.610 million. This resulted from increases of ¥8.606 million in accounts payable, ¥12.302 million in corporate taxes payable and ¥140.496 million in other current liabilities, partly offset by a ¥257.922 million decrease in long-term borrowings due within 1 year. Non-current liabilities increased by ¥50.956 million from the end of the previous consolidated fiscal year to ¥1,773.923 million. The main factors were increases of ¥33.790 million in long-term borrowings, ¥0.996 million in liabilities related to retirement benefits, ¥4.437 million in directors' retirement benefit provisions and ¥10.413 million in asset retirement obligations.」
Long-term borrowings due within 1 year decreased by ¥257.922 million, while long-term borrowings increased by ¥33.790 million. The combined total decreased from the end of the previous consolidated fiscal year. - FY2025WorsenedAnnual report
「Current liabilities as of the end of the consolidated fiscal year increased by ¥247.398 million from the end of the previous consolidated fiscal year to ¥1,229.127 million. The main factors were increases of ¥290.773 million in long-term borrowings due within 1 year and ¥31.670 million in consumption taxes payable and other items. Non-current liabilities increased by ¥29.161 million from the end of the previous consolidated fiscal year to ¥1,722.966 million. The main factors were increases of ¥18.413 million in long-term borrowings and ¥18.636 million in asset retirement obligations.」
Long-term borrowings due within 1 year, long-term borrowings, current liabilities and non-current liabilities all increased, and the balance of interest-bearing debt has continued to rise. - FY2025-H1WorsenedAnnual report
「Current liabilities as of the end of the interim consolidated accounting period increased by ¥355.904 million from the end of the previous consolidated fiscal year to ¥1,337.632 million. The main factor was a ¥357.152 million increase in long-term borrowings due within 1 year. Non-current liabilities increased by ¥115.902 million from the end of the previous consolidated fiscal year to ¥1,809.708 million. The main factor was a ¥152.177 million increase in long-term borrowings.」
Long-term borrowings due within 1 year increased by ¥357.152 million and long-term borrowings increased by ¥152.177 million, with both current and non-current liabilities rising from the end of the previous consolidated fiscal year. - FY2025-Q1WorsenedAnnual report
「The main factor was a ¥367.387 million increase in long-term borrowings due within 1 year. Non-current liabilities increased by ¥211.598 million from the end of the previous consolidated fiscal year to ¥1,905.403 million. The main factor was a ¥219.059 million increase in long-term borrowings.」
As of the end of the first quarter, long-term borrowings due within 1 year increased by ¥367.387 million and long-term borrowings increased by ¥219.059 million, and the balance of interest-bearing debt has continued to rise. - FY2024WorsenedAnnual report
「Non-current liabilities increased by ¥98.603 million from the end of the previous consolidated fiscal year to ¥1,693.805 million. The main factors were increases of ¥38.493 million in long-term borrowings, ¥31.343 million in lease liabilities and ¥15.257 million in asset retirement obligations.」
Long-term borrowings increased from ¥857.550 million at the end of the previous fiscal year to ¥896.043 million, and non-current liabilities also increased. Interest-bearing debt has continued to rise. - FY2024-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥72.176 million from the end of the previous consolidated fiscal year to ¥1,667.378 million. The main factor was a ¥47.432 million increase in long-term borrowings.」
Long-term borrowings increased by ¥47.432 million, while non-current liabilities also increased by ¥72.176 million. The balance of interest-bearing debt has continued to increase. - FY2024-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥119.473 million from the end of the previous consolidated fiscal year to ¥1,714.675 million. The main factor was a ¥113.285 million increase in long-term borrowings.」
Long-term borrowings increased by ¥113.285 million, while non-current liabilities also increased by ¥119.473 million. The balance of interest-bearing debt has started to rise again from the end of the previous consolidated fiscal year. - FY2024-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥165.425 million from the end of the previous consolidated fiscal year to ¥1,760.627 million. The main factor was a ¥167.781 million increase in long-term borrowings.」
Long-term borrowings increased by ¥167.781 million from the end of the previous consolidated fiscal year, and interest-bearing debt has started to rise again. - FY2023MitigatedAnnual report
「Non-current liabilities decreased by ¥105.442 million from the end of the previous consolidated fiscal year to ¥1,595.202 million. The main factor was a ¥191.371 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥191.371 million, indicating continued progress in repaying interest-bearing debt since the previous fiscal year. - FY2023-Q3Accelerated decline in long-term borrowingsAnnual report
「Non-current liabilities decreased by ¥81.400 million from the end of the previous consolidated fiscal year to ¥1,619.244 million. The main factor was a ¥128.080 million decrease in long-term borrowings following progress in repaying borrowings from financial institutions.」
Long-term borrowings decreased by ¥128.080 million, while short-term borrowings increased by ¥150 million. The composition of interest-bearing debt continues to change. - FY2023-Q2Increase in short-term borrowings and decline in long-term borrowingsAnnual report
「Current liabilities increased by ¥99.475 million from the end of the previous consolidated fiscal year to ¥1,051.210 million. The main factors were increases of ¥14.922 million in accounts payable and ¥150 million in short-term borrowings. Non-current liabilities decreased by ¥22.976 million from the end of the previous consolidated fiscal year to ¥1,677.667 million. The main factor was a ¥49.057 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥150 million, while long-term borrowings decreased by ¥49.057 million, changing the composition of interest-bearing debt. - FY2022MitigatedAnnual report
「Non-current liabilities decreased by ¥349.009 million from the end of the previous consolidated fiscal year to ¥1,700.644 million. The main factor was a ¥359.621 million decrease in long-term borrowings.」
Non-current liabilities decreased as long-term borrowings declined, and repayment of the interest-bearing debt that increased in the previous fiscal year is progressing. - FY2022-Q3MitigatedAnnual report
「Non-current liabilities decreased by ¥270.997 million from the end of the previous consolidated fiscal year to ¥1,778.656 million. The main factor was a ¥269.181 million decrease in long-term borrowings following progress in repaying borrowings from financial institutions.」
Short-term borrowings increased by ¥100 million, while long-term borrowings decreased by ¥269.181 million, reducing total liabilities by ¥262.757 million. Total interest-bearing debt decreased from the end of the previous consolidated fiscal year. - FY2022-Q2Decrease in long-term borrowings and increase in short-term borrowingsAnnual report
「The main factors were decreases of ¥46.072 million in cash and deposits and ¥6.033 million in accounts receivable, resulting from progress in repaying borrowings from financial institutions. The main factor was a ¥100 million increase in short-term borrowings. The main factor was a ¥179.454 million decrease in long-term borrowings resulting from progress in repaying funds to financial institutions.」
While repayments to financial institutions reduced long-term borrowings by ¥179.454 million, short-term borrowings increased by ¥100 million. The composition of interest-bearing debt changed, with long-term borrowings decreasing and short-term borrowings increasing. - FY2022-Q1MitigatedAnnual report
「The main factor was a ¥107.528 million decrease in cash and deposits due to repayments of borrowings from financial institutions, among other factors. The main factor was a ¥92.589 million decrease in long-term borrowings.」
Repayments of borrowings from financial institutions reduced both cash and deposits and long-term borrowings, changing the increase in interest-bearing debt previously reported for the preceding quarter. - FY2021-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥738.474 million from the end of the previous consolidated fiscal year to ¥2,261.307 million. The main factor was a ¥746.586 million increase in long-term borrowings following the procurement of funds from financial institutions.」
Long-term borrowings increased by ¥746.586 million as a result of financing during the COVID-19 pandemic, increasing the balance of interest-bearing debt. - FY2020RestatedAnnual report
「Going forward, the group intends to strengthen its equity capital. However, increases in interest expenses and bond interest resulting from higher interest rates and changes in financial conditions may affect the group's performance and other results.」
The group continues to face the risk of increased interest costs arising from interest-bearing debt and higher interest rates, and continues to pursue a policy of strengthening equity capital. - FY2019RestatedAnnual report
「Going forward, the company intends to strengthen its equity capital. However, increases in interest expenses and bond interest resulting from higher interest rates and changes in financial conditions may affect the company's performance and other results.」
The company continues to disclose the risk of increased interest costs arising from interest-bearing debt and higher interest rates, as well as its policy of strengthening equity capital. - FY2018First statedAnnual report
「Going forward, the company intends to strengthen its equity capital. However, increases in interest expenses and bond interest resulting from higher interest rates and changes in financial conditions may affect the company's performance and other results.」
On the assumption that funds for new store openings are raised through borrowings, the company identifies increased interest costs resulting from higher interest rates and changes in financial conditions as a risk.