Reliance on Interest-Bearing Debt and Interest Rate and Financing Risks
First written in FY2016. 24 of 40 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2027-H1.
Kaitori Okoku moved to the "Worse" side of this theme in 2016, 5 years 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 "Worsened".
- FY2027-H1WorsenedAnnual report
「Current liabilities increased by ¥84 million from the end of the previous fiscal year to ¥1,326 million. This was mainly due to increases of ¥76 million in long-term borrowings due for repayment within one year and ¥6 million in accounts payable, partly offset by a ¥19 million decrease in other liabilities. Non-current liabilities increased by ¥46 million from the end of the previous fiscal year to ¥1,360 million. This was mainly due to increases of ¥37 million in long-term borrowings and ¥3 million in the provision for retirement benefits.」
Long-term borrowings due for repayment within one year and long-term borrowings increased, resulting in higher current liabilities, non-current liabilities and total liabilities than at the end of the previous fiscal year. Exposure to interest-bearing debt has increased. - FY2026WorsenedAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥1,646 million, representing 27.6% of total assets.」
Interest-bearing debt increased from ¥1,342 million, or 25.7% of total assets, in the previous fiscal year to ¥1,646 million, or 27.6%. The risks of higher interest rates and difficulty in raising funds continue to be disclosed. - FY2026-H1WorsenedAnnual report
「Current liabilities increased by ¥72 million from the end of the previous fiscal year to ¥1,060 million. This was mainly because long-term borrowings due for repayment within one year increased by ¥65 million and the provision for points increased by ¥15 million, while income taxes payable and other liabilities decreased by ¥15 million. Non-current liabilities increased by ¥116 million from the end of the previous fiscal year to ¥1,292 million. This was mainly because long-term borrowings increased by ¥106 million and asset retirement obligations increased by ¥6 million.」
Long-term borrowings due for repayment within one year increased by ¥65 million and long-term borrowings increased by ¥106 million, while total liabilities also increased by ¥188 million, expanding exposure to interest-bearing debt. - FY2025WorsenedAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥1,342 million, representing 25.7% of total assets.」
Interest-bearing debt increased from ¥987 million, or 22.2% of total assets, in the previous fiscal year to ¥1,342 million, or 25.7%. The risks of higher interest rates and difficulty in raising funds continue. - FY2025-H1WorsenedAnnual report
「Non-current liabilities increased by ¥541 million from the end of the previous fiscal year to ¥1,270 million. This was mainly because long-term borrowings increased by ¥448 million and asset retirement obligations increased by ¥25 million.」
Long-term borrowings increased by ¥448 million, increasing non-current liabilities by ¥541 million from the end of the previous fiscal year and expanding exposure to interest-bearing debt. - FY2025-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥366 million from the end of the previous fiscal year to ¥1,094 million. This was mainly because long-term borrowings increased by ¥359 million.」
Long-term borrowings increased by ¥359 million, increasing non-current liabilities and total liabilities. Exposure to interest-bearing debt expanded, but this does not indicate that higher interest rates or difficulty in raising funds actually occurred. - FY2024Higher balance, lower ratioAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥987 million, representing 22.2% of total assets.」
Interest-bearing debt increased from ¥957 million in the previous fiscal year to ¥987 million, while its ratio to total assets decreased from 24.2% to 22.2%. The risks of higher interest rates and difficulty in raising funds continue. - FY2024-Q3WorsenedAnnual report
「Current liabilities increased by ¥85 million from the end of the previous fiscal year to ¥877 million. This was mainly because long-term borrowings due for repayment within one year increased by ¥115 million and the provision for bonuses increased by ¥180,000, while income taxes payable and other liabilities decreased by ¥68 million.」
Long-term borrowings due for repayment within one year increased by ¥115 million from the end of the previous fiscal year, expanding exposure to interest-bearing debt including amounts due for repayment in the short term. - FY2024-Q2WorsenedAnnual report
「Current liabilities increased by ¥69 million from the end of the previous fiscal year to ¥862 million. This was mainly because long-term borrowings due for repayment within one year increased by ¥102 million, while income taxes payable and other liabilities decreased by ¥42 million. Non-current liabilities decreased by ¥70 million from the end of the previous fiscal year to ¥694 million. This was mainly because the provision for retirement benefits increased by ¥2 million and asset retirement obligations increased by ¥6 million, while long-term borrowings decreased by ¥84 million.」
Although long-term borrowings decreased by ¥84 million, long-term borrowings due for repayment within one year increased by ¥102 million, resulting in an increase in total borrowings from the end of the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「Current liabilities decreased by ¥111 million from the end of the previous fiscal year to ¥681 million. This was mainly because provision for bonuses increased by ¥13 million, while long-term borrowings due for repayment within one year decreased by ¥17 million and income taxes payable and other liabilities decreased by ¥76 million. Non-current liabilities decreased by ¥24 million from the end of the previous fiscal year to ¥739 million. This was mainly because long-term borrowings decreased by ¥34 million. As a result, total liabilities decreased by ¥135 million from the end of the previous fiscal year to ¥1,421 million.」
Long-term borrowings due for repayment within one year and long-term borrowings decreased, while total liabilities also decreased by ¥135 million. Exposure to interest-bearing debt contracted from the previous quarter. - FY2023Higher balance, lower ratioAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥957 million, representing 24.2% of total assets. The funds are currently procured mainly through long-term borrowings at fixed interest rates, so the Company will not be affected by interest rate fluctuations for a certain period. However, if unexpected external factors make financing difficult and borrowing rates rise, financial expenses may increase and affect the Company's performance.」
Interest-bearing debt increased from ¥923 million in the previous fiscal year to ¥957 million, while its ratio to total assets decreased from 26.8% to 24.2%. The risks of higher interest rates and difficulty in raising funds continue. - FY2023-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥129 million from the end of the previous fiscal year to ¥847 million. This was mainly because long-term borrowings increased by ¥118 million.」
Long-term borrowings increased by ¥118 million, increasing non-current liabilities and total liabilities from the end of the previous fiscal year and expanding exposure to interest-bearing debt. - FY2023-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥18 million from the end of the previous fiscal year to ¥736 million. This was mainly because long-term borrowings increased by ¥13 million and the provision for retirement benefits increased by ¥2 million.」
Long-term borrowings increased by ¥13 million from the end of the previous fiscal year, increasing non-current liabilities and total liabilities. - FY2023-Q1WorsenedAnnual report
「Current liabilities increased by ¥62 million from the end of the previous fiscal year to ¥671 million. This was mainly because accounts payable increased by ¥5 million, long-term borrowings due for repayment within one year increased by ¥22 million and provision for bonuses increased by ¥16 million. Non-current liabilities increased by ¥82 million from the end of the previous fiscal year to ¥801 million. This was mainly because long-term borrowings increased by ¥80 million.」
Long-term borrowings due for repayment within one year increased by ¥22 million and long-term borrowings increased by ¥80 million, while total liabilities also increased by ¥145 million, expanding exposure to interest-bearing debt during the quarter. - FY2022WorsenedAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥923 million, representing 26.8% of total assets. The funds are currently procured mainly through long-term borrowings at fixed interest rates, so the Company will not be affected by interest rate fluctuations for a certain period. However, if unexpected external factors make financing difficult and borrowing rates rise, financial expenses may increase and affect the Company's performance.」
Interest-bearing debt increased from ¥849 million, or 25.0% of total assets, in the previous fiscal year to ¥923 million, or 26.8%. - FY2022-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥66 million from the end of the previous fiscal year to ¥707 million. This was mainly because long-term borrowings increased by ¥59 million.」
Long-term borrowings increased by ¥59 million from the end of the previous fiscal year, and exposure to interest-bearing debt continues to expand. - FY2022-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥108 million from the end of the previous fiscal year to ¥750 million. This was mainly because long-term borrowings increased by ¥101 million and asset retirement obligations increased by ¥5 million.」
Long-term borrowings increased by ¥101 million and non-current liabilities increased by ¥108 million, expanding exposure to interest-bearing debt during the quarter. - FY2022-Q1MitigatedAnnual report
「Non-current liabilities decreased by ¥7 million from the end of the previous fiscal year to ¥634 million. This was mainly because long-term borrowings decreased by ¥10 million. As a result, total liabilities decreased by ¥147 million from the end of the previous fiscal year to ¥1,253 million.」
Long-term borrowings decreased by ¥10 million and total liabilities decreased by ¥147 million, reducing interest-bearing debt and liabilities exposure. No new occurrence of the risks of higher interest rates and difficulty in raising funds has been disclosed. Estimated risk materialized is false. - FY2021MitigatedAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥849 million, representing 25.0% of total assets.」
Interest-bearing debt decreased from ¥909 million, or 27.8% of total assets, in the previous fiscal year to ¥849 million, or 25.0%. The risks of higher interest rates and difficulty in raising funds continue to be disclosed. - FY2021-Q3WorsenedAnnual report
「Current liabilities decreased by ¥1 million from the end of the previous fiscal year to ¥681 million. This was mainly because accounts payable increased by ¥18 million and long-term borrowings due for repayment within one year increased by ¥14 million, while income taxes payable and other liabilities decreased by ¥25 million.」
Long-term borrowings due for repayment within one year increased by ¥14 million, increasing interest-bearing debt on the balance sheet from the end of the previous fiscal year. - FY2021-Q2WorsenedAnnual report
「Current liabilities remained unchanged from the end of the previous fiscal year at ¥682 million. This was mainly because long-term borrowings due for repayment within one year increased by ¥27 million, while income taxes payable and other liabilities decreased by ¥16 million. Non-current liabilities increased by ¥82 million from the end of the previous fiscal year to ¥766 million. This was mainly because long-term borrowings increased by ¥74 million. As a result, total liabilities increased by ¥82 million from the end of the previous fiscal year to ¥1,449 million.」
Long-term borrowings due for repayment within one year increased by ¥27 million and long-term borrowings increased by ¥74 million, while total liabilities also increased by ¥82 million. Exposure to interest-bearing debt expanded from the end of the previous fiscal year. - FY2021-Q1WorsenedAnnual report
「Current liabilities decreased by ¥31 million from the end of the previous fiscal year to ¥650 million. This was mainly because long-term borrowings due for repayment within one year increased by ¥25 million, while income taxes payable and other liabilities decreased by ¥33 million. Non-current liabilities increased by ¥86 million from the end of the previous fiscal year to ¥770 million. This was mainly because long-term borrowings increased by ¥80 million. As a result, total liabilities increased by ¥54 million from the end of the previous fiscal year to ¥1,421 million.」
Long-term borrowings due for repayment within one year increased by ¥25 million and long-term borrowings increased by ¥80 million, while total liabilities also increased by ¥54 million. Exposure to interest-bearing debt expanded during the quarter. - FY2020MitigatedAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥909 million, representing 27.8% of total assets.」
Interest-bearing debt decreased from ¥957 million, or 30.5% of total assets, in the previous fiscal year to ¥909 million, or 27.8%. The risks of higher interest rates and difficulty in raising funds continue to be disclosed. - FY2020-Q3WorsenedAnnual report
「Current liabilities increased by ¥8 million from the end of the previous fiscal year to ¥640 million. This was mainly because long-term borrowings due for repayment within one year decreased by ¥32 million, while income taxes payable and other liabilities increased by ¥12 million and provision for bonuses increased by ¥12 million. Non-current liabilities increased by ¥89 million from the end of the previous fiscal year to ¥759 million. This was mainly because long-term borrowings increased by ¥81 million. As a result, total liabilities increased by ¥97 million from the end of the previous fiscal year to ¥1,399 million.」
Although long-term borrowings due for repayment within one year decreased, long-term borrowings increased by ¥81 million, resulting in an increase in total interest-bearing debt from the end of the previous fiscal year. Total liabilities also increased by ¥97 million. - FY2020-Q2MitigatedAnnual report
「Current liabilities decreased by ¥19 million from the end of the previous fiscal year to ¥612 million. This was mainly because long-term borrowings due for repayment within one year decreased by ¥39 million, while income taxes payable and other liabilities increased by ¥4 million. Non-current liabilities decreased by ¥0 million from the end of the previous fiscal year to ¥669 million. This was mainly because long-term borrowings decreased by ¥5 million, while the provision for retirement benefits increased by ¥3 million and asset retirement obligations increased by ¥1 million. As a result, total liabilities decreased by ¥19 million from the end of the previous fiscal year to ¥1,282 million.」
Long-term borrowings due for repayment within one year decreased by ¥39 million, long-term borrowings by ¥5 million and total liabilities by ¥19 million from the end of the previous fiscal year, reducing liabilities exposure. - FY2020-Q1MitigatedAnnual report
「Current liabilities decreased by ¥8 million from the end of the previous fiscal year to ¥623 million. This was mainly because long-term borrowings due for repayment within one year decreased by ¥40 million, while income taxes payable and other liabilities increased by ¥12 million and provision for bonuses increased by ¥13 million. Non-current liabilities decreased by ¥72 million from the end of the previous fiscal year to ¥597 million. This was mainly because long-term borrowings decreased by ¥74 million. As a result, total liabilities decreased by ¥80 million from the end of the previous fiscal year to ¥1,221 million.」
Long-term borrowings due for repayment within one year decreased by ¥40 million and long-term borrowings decreased by ¥74 million, while total liabilities also decreased by ¥80 million from the end of the previous fiscal year. - FY2019MitigatedAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥957 million, representing 30.5% of total assets. The funds are currently procured mainly through long-term borrowings at fixed interest rates, so the Company will not be affected by interest rate fluctuations for a certain period. However, if unexpected external factors make financing difficult and borrowing rates rise, financial expenses may increase and affect the Company's performance.」
Interest-bearing debt decreased from ¥1,115 million, or 32.8% of total assets, in the previous fiscal year to ¥957 million, or 30.5%. The risks of higher interest rates and difficulty in raising funds continue to be disclosed. - FY2019-Q3MitigatedAnnual report
「Current liabilities decreased by ¥175 million from the end of the previous fiscal year to ¥660 million. This was mainly because long-term borrowings due for repayment within one year decreased by ¥43 million and income taxes payable and other liabilities decreased by ¥74 million. Non-current liabilities increased by ¥14 million from the end of the previous fiscal year to ¥748 million. This was mainly because long-term borrowings increased by ¥7 million.」
Long-term borrowings due for repayment within one year decreased by ¥43 million, and total borrowings decreased from the end of the previous fiscal year after factoring in the increase in long-term borrowings. - FY2019-Q2MitigatedAnnual report
「Current liabilities decreased by ¥180 million from the end of the previous fiscal year to ¥656 million. This was mainly because long-term borrowings due for repayment within one year decreased by ¥43 million and income taxes payable and other liabilities decreased by ¥74 million. Non-current liabilities decreased by ¥21 million from the end of the previous fiscal year to ¥713 million. This was mainly because long-term borrowings decreased by ¥23 million. As a result, total liabilities decreased by ¥201 million from the end of the previous fiscal year to ¥1,369 million.」
Long-term borrowings due for repayment within one year, long-term borrowings and total liabilities decreased from the end of the previous fiscal year, reducing exposure to interest-bearing debt. - FY2019-Q1WorsenedAnnual report
「Current liabilities decreased by ¥148 million from the end of the previous fiscal year to ¥687 million. This was mainly because long-term borrowings due for repayment within one year decreased by ¥38 million and income taxes payable and other liabilities decreased by ¥61 million. Non-current liabilities increased by ¥105 million from the end of the previous fiscal year to ¥840 million. This was mainly because long-term borrowings increased by ¥103 million.」
Although long-term borrowings due for repayment within one year decreased, long-term borrowings increased by ¥103 million. Total borrowings increased from approximately ¥1,115 million at the end of the previous fiscal year to approximately ¥1,180 million at the end of the quarter. - FY2018MitigatedAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥1,115 million, representing 32.8% of total assets.」
Interest-bearing debt decreased from ¥1,288 million, or 38.5% of total assets, in the previous fiscal year to ¥1,115 million, or 32.8%. - FY2018-Q3MitigatedAnnual report
「Non-current liabilities decreased by ¥118 million from the end of the previous fiscal year to ¥757 million. This was mainly because long-term borrowings decreased by ¥122 million. As a result, total liabilities decreased by ¥13 million from the end of the previous fiscal year to ¥1,574 million.」
Long-term borrowings decreased by ¥122 million and total liabilities also decreased by ¥13 million from the end of the previous fiscal year, reducing interest-bearing debt and total liabilities exposure. - FY2018-Q2MitigatedAnnual report
「Current liabilities increased by ¥63 million from the end of the previous fiscal year to ¥776 million. This was mainly because short-term borrowings increased by ¥50 million. Non-current liabilities decreased by ¥141 million from the end of the previous fiscal year to ¥733 million. This was mainly because long-term borrowings decreased by ¥145 million. As a result, total liabilities decreased by ¥77 million from the end of the previous fiscal year to ¥1,509 million.」
Short-term borrowings increased by ¥50 million, while long-term borrowings decreased by ¥145 million, resulting in a ¥77 million decrease in total liabilities from the end of the previous fiscal year. - FY2018-Q1WorsenedAnnual report
「Current liabilities increased by ¥208 million from the end of the previous fiscal year to ¥920 million. This was mainly because short-term borrowings increased by ¥200 million and long-term borrowings due for repayment within one year decreased by ¥9 million. Non-current liabilities decreased by ¥115 million from the end of the previous fiscal year to ¥759 million. This was mainly because long-term borrowings decreased by ¥116 million.」
Although long-term borrowings decreased, ¥200 million in short-term borrowings was newly recorded, resulting in a net increase in borrowings from the end of the previous fiscal year. - FY2017WorsenedAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥1,288 million, representing 38.5% of total assets. The funds are currently procured mainly through long-term borrowings at fixed interest rates, so the Company will not be affected by interest rate fluctuations for a certain period. However, if unexpected external factors make financing difficult and borrowing rates rise, financial expenses may increase and affect the Company's performance.」
Interest-bearing debt increased from ¥1,180 million, or 35.3% of total assets, to ¥1,288 million, or 38.5%. - FY2017-Q3WorsenedAnnual report
「Current liabilities increased by ¥23 million from the end of the previous fiscal year to ¥747 million. This was mainly because long-term borrowings due for repayment within one year increased by ¥99 million, while income taxes payable and other liabilities decreased by ¥16 million. Non-current liabilities increased by ¥111 million from the end of the previous fiscal year to ¥994 million. This was mainly because long-term borrowings increased by ¥144 million, while asset retirement obligations decreased by ¥29 million.」
Long-term borrowings due for repayment within one year increased by ¥99 million and long-term borrowings increased by ¥144 million from the end of the previous fiscal year, further increasing dependence on interest-bearing debt. The risk has been quantified, but the occurrence of higher interest rates or difficulty in raising funds itself has not been disclosed. - FY2017-Q2WorsenedAnnual report
「Funds provided by financing activities amounted to ¥167 million, compared with a use of funds of ¥46 million in the same period of the previous year. This was mainly because funds increased by ¥400 million in proceeds from long-term borrowings, while funds decreased by ¥232 million in repayments of long-term borrowings.」
Proceeds of ¥400 million from long-term borrowings exceeded repayments of ¥232 million, bringing the balance of long-term borrowings, including the portion due within one year, to ¥1,348 million at the end of the quarter. - FY2016First statedAnnual report
「Interest-bearing debt at the end of the fiscal year was ¥1,180 million, representing 35.3% of total assets. The funds are currently procured mainly through long-term borrowings at fixed interest rates, so the Company will not be affected by interest rate fluctuations for a certain period. However, if unexpected external factors make financing difficult and borrowing rates rise, financial expenses may increase and affect the Company's performance.」
The amount of interest-bearing debt and its ratio to total assets are presented, along with the impact of difficulty in raising funds and higher interest rates.