Reliance on Interest-Bearing Debt and Financing Risk
First written in FY2017. 19 of 25 entries say "Worsened", first in FY2018. Latest entry: 2026-08-07.
Open House Group moved to the "Worse" side of this theme in 2018, 3 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 "Mitigated".
- FY2025WorsenedAnnual report
「As of 30 September 2025, the end of the current consolidated fiscal year, the consolidated balance of interest-bearing debt of the Group was ¥720,063 million, an increase of ¥108,291 million from 30 September 2024, the end of the previous consolidated fiscal year. Interest-bearing debt accounted for 51.0% of total assets.」
Interest-bearing debt increased to more than ¥720,000 million, and its ratio to total assets reached 51.0%. The risks of interest rate fluctuations and increasing difficulty in raising funds were reflected in the expansion of borrowings. - FY2025-H1WorsenedAnnual report
「This was mainly attributable to a combined ¥99,044 million increase in long-term borrowings, including current portions of long-term borrowings, short-term borrowings, and bonds, including current portions of bonds, among other factors.」
Long-term and short-term borrowings and bonds increased by a combined ¥99,044 million, while total liabilities also increased by ¥100,002 million from the end of the previous consolidated fiscal year. Dependence on external financing increased. - FY2024-Q2WorsenedAnnual report
「This was mainly attributable to a combined ¥94,498 million increase in short-term borrowings, long-term borrowings, including current portions of long-term borrowings, and bonds, including current portions of bonds, among other factors.」
Short-term and long-term borrowings and bonds increased by a combined ¥94,498 million from the end of the previous consolidated fiscal year, while total liabilities also increased by ¥86,957 million. Dependence on external financing increased. - FY2023WorsenedAnnual report
「As of 30 September 2023, the end of the current consolidated fiscal year, the consolidated balance of interest-bearing debt of the Group was ¥575,137 million, an increase of ¥66,176 million from 30 September 2022, the end of the previous consolidated fiscal year. Interest-bearing debt accounted for 48.0% of total assets.」
The balance of interest-bearing debt increased by ¥66,176 million from the end of the previous fiscal year, increasing dependence on borrowings and bonds. - FY2023-Q3WorsenedAnnual report
「Total liabilities were ¥690,640 million, an increase of ¥55,167 million from the end of the previous consolidated fiscal year. This was mainly attributable to a combined ¥65,474 million increase in short-term borrowings, long-term borrowings, including current portions of long-term borrowings, and bonds, including current portions of bonds, despite an ¥8,814 million decrease in accrued income taxes, among other factors.」
Short-term and long-term borrowings and bonds increased by a combined ¥65,474 million, while total liabilities also increased by ¥55,167 million from the end of the previous fiscal year. Dependence on external financing has increased. - FY2023-Q2WorsenedAnnual report
「Total liabilities were ¥663,603 million, an increase of ¥28,131 million from the end of the previous consolidated fiscal year. This was mainly attributable to a combined ¥31,948 million increase in short-term borrowings, long-term borrowings, including current portions of long-term borrowings, and bonds, including current portions of bonds, among other factors.」
Borrowings and bonds increased by a combined ¥31,948 million, while total liabilities also increased by ¥28,131 million from the end of the previous fiscal year. Dependence on external financing has increased. - FY2022-Q3WorsenedAnnual report
「Total liabilities were ¥589,393 million, an increase of ¥56,624 million from the end of the previous consolidated fiscal year. This was mainly due to a combined increase of ¥51,112 million in short-term and long-term borrowings, including long-term borrowings due for repayment within one year, and other factors.」
Short-term and long-term borrowings increased by a combined ¥51,112 million, and total liabilities increased by ¥56,624 million from the end of the previous fiscal year. The scale of dependence on borrowings has expanded. - FY2022-Q2WorsenedAnnual report
「Total liabilities were ¥569,585 million, an increase of ¥36,815 million from the end of the previous consolidated fiscal year. This was mainly due to a combined increase of ¥30,435 million in long-term borrowings, including long-term borrowings due for repayment within one year, and short-term borrowings, as well as other factors.」
Long-term and short-term borrowings increased by a combined ¥30,435 million, and total liabilities increased by ¥36,815 million from the end of the previous fiscal year. The scale of dependence on borrowings has expanded. - FY2021WorsenedAnnual report
「As of the end of the consolidated fiscal year (30 September 2021), the Group's consolidated interest-bearing debt stood at ¥437,177 million, an increase of ¥165,898 million from the end of the previous consolidated fiscal year (30 September 2020). Interest-bearing debt represented 49.7% of total assets.」
In connection with the consolidation of Presance Corporation as a subsidiary, interest-bearing debt increased substantially and the scale of dependence on borrowings expanded. - FY2021-Q3WorsenedAnnual report
「Total liabilities were ¥501,593 million, an increase of ¥166,250 million from the end of the previous consolidated fiscal year. This was mainly due to a combined increase of ¥151,239 million in short-term and long-term borrowings, including long-term borrowings due for repayment within one year, an increase of ¥11,302 million in other current liabilities, and other factors.」
Due in part to the consolidation of Presance Corporation as a subsidiary, total liabilities increased by ¥166,250 million from the end of the previous fiscal year, while short-term and long-term borrowings increased by a combined ¥151,239 million. - FY2021-Q2WorsenedAnnual report
「Total liabilities were ¥516,467 million, an increase of ¥181,125 million from the end of the previous consolidated fiscal year. This was mainly due to a combined increase of ¥152,960 million in long-term borrowings, including long-term borrowings due for repayment within one year, and short-term borrowings, an increase of ¥9,764 million in other current liabilities, an increase of ¥7,733 million in income taxes payable, and other factors.」
Due in part to the consolidation of Presance Corporation as a subsidiary, total liabilities increased by ¥181,125 million from the end of the previous fiscal year, while long-term and short-term borrowings increased by a combined ¥152,960 million. The scale of dependence on borrowings has expanded. - FY2021-Q1Decrease in liabilities, increase in borrowingsAnnual report
「Total liabilities were ¥332,170 million, a decrease of ¥3,172 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥5,396 million in income taxes payable and ¥2,602 million in notes payable, despite a combined increase of ¥4,540 million in long-term borrowings, including long-term borrowings due for repayment within one year, and short-term borrowings, as well as other factors.」
Although total liabilities decreased by ¥3,172 million from the end of the previous fiscal year, long-term and short-term borrowings increased by a combined ¥4,540 million. Dependence on borrowings continues. - FY2020Balance increased, ratio decreasedAnnual report
「As of the end of the consolidated fiscal year (30 September 2020), the Group's consolidated interest-bearing debt stood at ¥271,278 million, an increase of ¥22,935 million from the end of the previous consolidated fiscal year (30 September 2019). Interest-bearing debt represented 47.7% of total assets.」
Interest-bearing debt increased by ¥22,935 million from the end of the previous fiscal year, while its ratio to total assets declined from 55.7% to 47.7%. Dependence on borrowings continues. - FY2020-Q3WorsenedAnnual report
「Total liabilities were ¥362,738 million, an increase of ¥54,901 million from the end of the previous consolidated fiscal year. This was mainly due to a combined increase of ¥54,087 million in short-term and long-term borrowings, excluding long-term borrowings due for repayment within one year, and other factors.」
Short-term and long-term borrowings increased by a combined ¥54,087 million, and total liabilities increased by ¥54,901 million from the end of the previous fiscal year. - FY2020-Q2WorsenedAnnual report
「Total liabilities were ¥338,764 million, an increase of ¥30,927 million from the end of the previous consolidated fiscal year. This was mainly due to a combined increase of ¥34,370 million in long-term borrowings, including long-term borrowings due for repayment within one year, and short-term borrowings, despite a decrease of ¥3,537 million in income taxes payable.」
Total liabilities increased by ¥30,927 million from the end of the previous fiscal year, while long-term and short-term borrowings increased by a combined ¥34,370 million. Dependence on borrowings continues. - FY2020-Q1WorsenedAnnual report
「Total liabilities were ¥314,352 million, an increase of ¥6,515 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥17,392 million in long-term borrowings, including long-term borrowings due for repayment within one year, and other factors, despite decreases of ¥7,073 million in income taxes payable and ¥1,920 million in other current liabilities.」
Total liabilities increased by ¥6,515 million from the end of the previous fiscal year, while long-term borrowings and long-term borrowings due for repayment within one year increased by ¥17,392 million. Dependence on borrowings continues. - FY2019Balance increased, ratio decreasedAnnual report
「As of the end of the consolidated fiscal year, the Group's consolidated interest-bearing debt stood at ¥248,343 million, an increase of ¥20,390 million from the end of the previous consolidated fiscal year. Interest-bearing debt represented 55.7% of total assets.」
Interest-bearing debt increased by ¥20,390 million from the end of the previous fiscal year, while its ratio to total assets declined from 57.9% to 55.7%. The risks of interest rate fluctuations and more difficult financing conditions continue. - FY2019-Q3WorsenedAnnual report
「Total liabilities were ¥293,392 million, an increase of ¥13,511 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥35,228 million in long-term borrowings and other factors, despite a decrease of ¥21,507 million in short-term borrowings.」
While short-term borrowings declined, long-term borrowings increased by ¥35,228 million, and total liabilities increased by ¥13,511 million from the end of the previous fiscal year. Dependence on borrowings continues. - FY2019-Q2WorsenedAnnual report
「Total liabilities were ¥287,162 million, an increase of ¥7,281 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥33,960 million in long-term borrowings and other factors, despite a decrease of ¥22,230 million in short-term borrowings.」
While short-term borrowings declined, long-term borrowings increased by ¥33,960 million, resulting in an increase in interest-bearing debt on the balance sheet from the end of the previous fiscal year. Dependence on financing continues. - FY2018WorsenedAnnual report
「As of the end of the consolidated fiscal year, the Group's consolidated interest-bearing debt stood at ¥227,952 million, an increase of ¥86,201 million from the end of the previous consolidated fiscal year. Interest-bearing debt represented 57.9% of total assets.」
Interest-bearing debt increased from ¥141,750 million at the end of the previous fiscal year to ¥227,952 million, while its ratio to total assets rose from 55.2% to 57.9%. There is no disclosure that the risk itself materialised as a loss. - FY2017First statedAnnual report
「As of the end of the consolidated fiscal year, the Group's consolidated interest-bearing debt stood at ¥141,750 million, an increase of ¥31,408 million from the end of the previous consolidated fiscal year. Interest-bearing debt represented 55.2% of total assets.」
Against the backdrop of the Group primarily financing land and property acquisitions for business purposes and working capital through borrowings, it disclosed interest-bearing debt of ¥141,750 million and a ratio of 55.2% of total assets, indicating the risks of interest rate fluctuations and more difficult financing conditions.