Reliance on interest-bearing debt and funding and interest-rate risk
First written in FY2017. 20 of 23 entries say "Restated". Latest entry: 2026-10-14.
STrust moved to the "Worse" side of this theme in 2026, 5 years after 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".
- FY2025RestatedAnnual report
「The Group obtains part of the funds for acquiring business sites and financing construction mainly through borrowings from financial institutions, and has a high reliance on interest-bearing debt.」
It continues to state the risk that reliance on borrowings for land acquisition and construction financing, an inability to raise funds, and rising interest rates could affect performance. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no occurrences of matters among those relating to the business and financial conditions described in this interim securities report that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2025-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2022-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2021RestatedAnnual report
「The Group finances part of the funds required to acquire business sites and construct buildings primarily through borrowings from financial institutions, and its reliance on interest-bearing debt is high. Interest-bearing debt is expected to remain high as the business expands, and any inability to secure sufficient funding or any increase in interest rates could affect the Group's business results and other operations.」
It continues to state the potential impact on performance of reliance on interest-bearing debt, the inability to raise funds, and rising interest rates. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2021-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2021-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2020RestatedAnnual report
「The Group finances part of the funds required to acquire business sites and construct buildings primarily through borrowings from financial institutions, and its reliance on interest-bearing debt is high. Interest-bearing debt is expected to remain high as the business expands, and any inability to secure sufficient funding or any increase in interest rates could affect the Group's business results and other operations.」
It continues to state the potential impact of reliance on interest-bearing debt, the inability to raise funds, and rising interest rates. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2020-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2020-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2019-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2019-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2018RestatedAnnual report
「The Group finances part of the funds required to acquire business sites and construct buildings primarily through borrowings from financial institutions, and its reliance on interest-bearing debt is high. Interest-bearing debt is expected to remain high as the business expands, and any inability to secure sufficient funding or any increase in interest rates could affect the Group's business results and other operations.」
The annual report also continues to state the potential impact of reliance on interest-bearing debt, the inability to raise funds, and rising interest rates. - FY2018-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2018-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the reliance on interest-bearing debt or the risks associated with financing and rising interest rates. - FY2017First statedAnnual report
「The Group finances part of the funds required to acquire business sites and construct buildings primarily through borrowings from financial institutions, and its reliance on interest-bearing debt is high. Interest-bearing debt is expected to remain high as the business expands, and any inability to secure sufficient funding or any increase in interest rates could affect the Group's business results and other operations.」
The Group explicitly identifies its reliance on borrowings for land acquisition and construction funding, and the potential impact of funding constraints or higher interest rates on business results.