Interest-Bearing Debt and Interest Rate Fluctuations
First written in FY2016. 12 of 26 entries say "Worsened", first in FY2017. Latest entry: FY2027-H1.
SLD Entertainment moved to the "Worse" side of this theme in 2017, 4 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
「Funds generated from financing activities amounted to ¥59 million. This was mainly due to the recording of ¥32 million in dividend payments, despite the recording of ¥100 million in proceeds from long-term borrowings, among other factors.」
The company recorded ¥100 million in proceeds from long-term borrowings, and also recorded ¥50 million in long-term borrowings due within one year and ¥41 million in long-term borrowings, neither of which had been recorded at the end of the previous fiscal year. Exposure to borrowings and interest rate fluctuations is expanding again. - FY2026MitigatedAnnual report
「Current liabilities decreased by ¥109 million from the end of the previous fiscal year to ¥368 million. This was mainly due to a ¥100 million decrease in short-term borrowings, despite a ¥7 million increase in accounts payable.」
Short-term borrowings decreased by ¥100 million from the end of the previous fiscal year, reducing exposure to interest-bearing debt and interest-rate fluctuations. - 2026-04-14MitigatedEarnings
「This was attributable to recording expenditures of ¥150 million for the repayment of short-term borrowings and other items.」
Short-term borrowings declined from ¥100 million at the end of the previous fiscal year to zero at the end of the current fiscal year, reducing exposure to interest-bearing debt and interest-rate fluctuations. - FY2026-H1MitigatedAnnual report
「Current liabilities increased by ¥85 million from the end of the previous fiscal year to ¥563 million. This was mainly due to increases of ¥39 million in accounts payable, ¥35 million in accrued expenses and ¥33 million in deposits received, despite a ¥50 million decrease in short-term borrowings.」
Short-term borrowings decreased from ¥100 million at the end of the previous fiscal year to ¥50 million, reducing exposure to interest-bearing debt and interest-rate fluctuations. - FY2025MitigatedAnnual report
「As of 28 February 2025, the Company had ¥100 million in interest-bearing debt, with interest-bearing debt accounting for 9.3% of total assets.」
Interest-bearing debt decreased from ¥183 million at the end of the previous fiscal year to ¥100 million, while the ratio declined from 17.5% to 9.3%. - FY2025-H1MitigatedAnnual report
「Current liabilities increased by ¥16 million from the end of the previous fiscal year to ¥603 million. This was mainly due to increases of ¥100 million in short-term borrowings, ¥30 million in accrued expenses and ¥28 million in deposits received, despite a ¥150 million decrease in the current portion of long-term borrowings.」
Short-term borrowings increased by ¥100 million, while the current portion of long-term borrowings decreased by ¥150 million. Total short- and long-term borrowings decreased from approximately ¥183 million at the end of the previous fiscal year to approximately ¥133 million. - FY2024MitigatedAnnual report
「As of 29 February 2024, the Company had ¥183 million in interest-bearing debt, with interest-bearing debt accounting for 17.5% of total assets.」
Interest-bearing debt edged down from ¥184 million to ¥183 million, while the ratio declined from 17.7% to 17.5%. - FY2024-Q3Changes in Debt Maturity ProfileAnnual report
「Current liabilities decreased by ¥68 million from the end of the previous fiscal year to ¥607 million. This was mainly due to increases of ¥87 million in the current portion of long-term borrowings, offset by decreases of ¥46 million in accrued expenses, ¥45 million in deposits received and ¥44 million in short-term borrowings. Non-current liabilities decreased by ¥48 million from the end of the previous fiscal year to ¥81 million. This was mainly due to a ¥44 million decrease in long-term borrowings.」
Although short-term and long-term borrowings decreased, the current portion of long-term borrowings increased by ¥87 million, changing the maturity profile of borrowings. - FY2023WorsenedAnnual report
「As of 28 February 2023, the Company had ¥184 million in interest-bearing debt, with interest-bearing debt accounting for 17.7% of total assets.」
Interest-bearing debt increased from ¥124 million at the end of the previous fiscal year to ¥184 million, while the ratio increased from 9.6% to 17.7%. - FY2022MitigatedAnnual report
「As of 28 February 2022, the Company's interest-bearing debt totaled ¥124 million, and its dependence on interest-bearing debt was 9.6%.」
Interest-bearing debt decreased from ¥1,174 million at the end of the previous fiscal year to ¥124 million, while dependence on interest-bearing debt declined from 73.5% to 9.6%, substantially reducing the risk associated with dependence on borrowings. - FY2022-Q3MitigatedAnnual report
「Current liabilities decreased by ¥16 million from the end of the previous fiscal year to ¥1,773 million. This was mainly due to a ¥150 million decrease in short-term borrowings, despite a ¥119 million increase in accrued expenses. Non-current liabilities decreased by ¥16 million to ¥123 million, mainly due to a ¥15 million decrease in long-term borrowings.」
Short-term borrowings decreased by ¥150 million and long-term borrowings by ¥15 million, reducing interest-bearing debt from the end of the previous fiscal year. - FY2022-Q2MitigatedAnnual report
「Current liabilities decreased by ¥102 million from the end of the previous fiscal year to ¥1,687 million. This was mainly due to a ¥150 million decrease in short-term borrowings, despite a ¥78 million increase in accrued expenses. Non-current liabilities decreased by ¥10 million to ¥129 million, mainly due to a ¥10 million decrease in long-term borrowings.」
Short-term borrowings decreased by ¥150 million and long-term borrowings by ¥10 million, reducing interest-bearing debt from the end of the previous fiscal year. Dependence on borrowings has declined to some extent, but borrowings remain outstanding. - FY2021WorsenedAnnual report
「As of 28 February 2021, the Company's interest-bearing debt totaled ¥1,174 million, and its dependence on interest-bearing debt was 73.5%.」
Interest-bearing debt increased from ¥376 million at the end of the previous fiscal year to ¥1,174 million, while dependence on interest-bearing debt rose from 26.9% to 73.5%, substantially increasing dependence on borrowings. - FY2021-Q3WorsenedAnnual report
「Current liabilities increased by ¥669 million from the end of the previous fiscal year to ¥1,494 million. This was mainly due to a ¥550 million increase in short-term borrowings and a ¥43 million increase in accrued expenses.」
Short-term borrowings increased by ¥550 million from the end of the previous fiscal year, bringing the balance to ¥750 million. Borrowing exposure expanded further from the previous quarter. - FY2021-Q2WorsenedAnnual report
「Current liabilities increased by ¥541 million from the end of the previous fiscal year to ¥1,367 million. This was mainly due to a ¥51 million decrease in accounts payable, a ¥550 million increase in short-term borrowings and a ¥36 million decrease in current maturities of long-term borrowings.」
Short-term borrowings increased by ¥550 million from the end of the previous fiscal year, bringing the balance of short-term borrowings to ¥750 million. Borrowing exposure has expanded. - FY2021-Q1WorsenedAnnual report
「Based on a resolution of the Board of Directors held on 17 April 2020, and in view of the impact on the business of requests to refrain from going out and other measures related to the COVID-19 pandemic, the Company established an ¥800 million borrowing facility with its parent company, DD Holdings Co., Ltd. (hereinafter, "DDHD"), as the lender, in order to maintain ample liquidity and stabilize management. During the cumulative first quarter, the Company drew ¥600 million from DDHD.」
The Company borrowed ¥600 million from DDHD to secure liquidity, bringing short-term borrowings to ¥800 million. Borrowing exposure has expanded from the end of the previous fiscal year. - FY2020WorsenedAnnual report
「As of 29 February 2020, the Company's interest-bearing debt totaled ¥376 million, and its dependence on interest-bearing debt was 26.9%.」
At fiscal year-end, interest-bearing debt decreased from ¥627 million to ¥376 million and dependence on interest-bearing debt declined from 45.1% to 26.9%. However, after the filing, the Company borrowed ¥400 million from its parent company in response to the COVID-19 pandemic and established a borrowing facility of up to ¥800 million, causing its borrowing exposure to expand again as of the latest point in time. - FY2020-Q3MitigatedAnnual report
「Current liabilities increased by ¥6 million from the end of the previous fiscal year to ¥868 million. This was mainly due to a ¥100 million decrease in short-term borrowings, a ¥30 million increase in other current liabilities and a ¥33 million increase in accrued expenses. Non-current liabilities decreased by ¥108 million to ¥192 million, mainly due to a ¥92 million decrease in long-term borrowings and a ¥16 million decrease in long-term other liabilities.」
Compared with the end of the previous fiscal year, short-term borrowings decreased by ¥100 million and long-term borrowings by ¥92 million. Total borrowings continued to decline. - FY2020-Q2MitigatedAnnual report
「Current liabilities increased by ¥49 million from the end of the previous fiscal year to ¥911 million. This was mainly due to a ¥45 million increase in accounts payable, a ¥100 million decrease in short-term borrowings and a ¥38 million increase in other current liabilities. Non-current liabilities decreased by ¥76 million to ¥224 million, mainly due to a ¥65 million decrease in long-term borrowings and an ¥11 million decrease in long-term other liabilities.」
Short-term borrowings decreased by ¥100 million and long-term borrowings by ¥65 million, reducing total borrowings from the end of the previous fiscal year. - FY2020-Q1MitigatedAnnual report
「Current liabilities decreased by ¥19 million from the end of the previous fiscal year to ¥842 million. This was mainly due to a ¥100 million decrease in short-term borrowings and a ¥35 million increase in accrued expenses. Non-current liabilities decreased by ¥38 million to ¥263 million, mainly due to a ¥32 million decrease in long-term borrowings.」
Short-term borrowings decreased by ¥100 million and long-term borrowings by ¥32 million, reducing total borrowings from the end of the previous fiscal year. - FY2019WorsenedAnnual report
「As of the end of the fiscal year ended February 2019, the Company's interest-bearing debt totaled ¥627 million, and its dependence on interest-bearing debt was 45.1%.」
Interest-bearing debt increased from ¥620 million to ¥627 million, and dependence on interest-bearing debt rose from 40.1% to 45.1%. - FY2019-Q3WorsenedAnnual report
「Current liabilities increased by ¥127 million from the end of the previous fiscal year to ¥945 million. This was mainly due to a ¥21 million decrease in accounts payable, a ¥200 million increase in short-term borrowings and a ¥27 million decrease in provisions for store closure losses.」
Short-term borrowings increased by ¥200 million from the end of the previous fiscal year, indicating greater dependence on borrowings for funding. - FY2019-Q2WorsenedAnnual report
「This was mainly due to a ¥175 million increase in cash and deposits resulting from borrowings and a ¥58 million decrease in accounts receivable.」
Borrowings increased cash and deposits by ¥175 million, while short-term borrowings under current liabilities increased by ¥200 million. This indicates greater dependence on borrowings for funding compared with the end of the previous fiscal year. - FY2018WorsenedAnnual report
「As of the end of the fiscal year ended March 2018, the Company's interest-bearing debt totaled ¥620 million, and its dependence on interest-bearing debt was 40.1%.」
Interest-bearing debt decreased from ¥688 million to ¥620 million, while dependence on interest-bearing debt rose from 33.3% to 40.1%. - FY2017WorsenedAnnual report
「As of the end of the fiscal year ended March 2017, the Company's interest-bearing debt totaled ¥688 million, and its dependence on interest-bearing debt was 33.3%.」
Interest-bearing debt increased from ¥679 million to ¥688 million, and dependence on interest-bearing debt rose from 29.0% to 33.3%. - FY2016First statedAnnual report
「As of the end of the fiscal year ended March 2016, the Company's interest-bearing debt totaled ¥679 million, and its dependence on interest-bearing debt was 29.0%. Because part of these funds is currently obtained through long-term borrowings at variable interest rates, an increase in funding costs due to interest rate fluctuations could affect our operating results and financial condition.」
The Company quantified its interest-bearing debt and dependence on total assets, and identified higher costs due to variable interest rates as a risk.