Dependence on interest-bearing debt and interest-rate fluctuations
First written in FY2016. 26 of 34 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2026.
Ambition Dx Holdings moved to the "Worse" side of this theme in 2020, 1 year 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".
- FY2026WorsenedAnnual report
「The balance of interest-bearing debt is trending upward, while the equity ratio has remained relatively low. In addition, the combined cash flow from operating activities and investing activities has remained negative, resulting in a business structure premised on financing through borrowings.」
The increase in interest-bearing debt, low equity ratio and negative combined operating and investing cash flow provide clearer evidence of reliance on borrowings and liquidity risk. - FY2026-H1WorsenedAnnual report
「Total liabilities amounted to ¥33,636,225 thousand, an increase of ¥2,690,872 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,650,320 thousand in long-term borrowings, ¥1,245,200 thousand in short-term borrowings and ¥500,223 thousand in long-term borrowings due within one year, partly offset by decreases of ¥353,121 thousand in income taxes payable, ¥180,176 thousand in consumption taxes payable and ¥105,070 thousand in allowance for bonuses.」
Total liabilities at the interim period-end increased by ¥2,690.87 million from the end of the previous fiscal year, while long-term borrowings, short-term borrowings and current maturities of long-term borrowings all increased. Exposure to reliance on interest-bearing debt and the repayment burden has increased. - FY2025WorsenedAnnual report
「Total liabilities at the end of the current consolidated fiscal year amounted to ¥30,945,352 thousand, an increase of ¥10,203,433 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,617,136 thousand in long-term borrowings, ¥4,479,600 thousand in short-term borrowings and ¥3,046,913 thousand in long-term borrowings due within one year.」
Short-term borrowings, long-term borrowings and current maturities of long-term borrowings all increased, as did total liabilities. Exposure to reliance on interest-bearing debt and the repayment burden has increased. - FY2025-H1WorsenedAnnual report
「Total liabilities were ¥26,313,404 thousand, an increase of ¥5,571,485 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥3,211,900 thousand in short-term borrowings, ¥2,113,895 thousand in current maturities of long-term borrowings and ¥160,296 thousand in long-term borrowings, partly offset by decreases of ¥120,245 thousand in the provision for bonuses, ¥58,057 thousand in accrued income taxes and ¥40,570 thousand in advances received.」
Total liabilities at the interim period-end increased by ¥5,571.48 million from the end of the previous fiscal year, while short-term borrowings, current maturities of long-term borrowings and long-term borrowings all increased. Exposure to reliance on interest-bearing debt and the repayment burden has increased. - FY2024WorsenedAnnual report
「Interest-bearing debt accounted for 59.8% of total assets at the end of the current consolidated fiscal year. Although the group plans to focus on strengthening its equity through the recognition of profits going forward, fluctuations in interest rates due to monetary policy, economic conditions and other factors could affect the group's operating results and financial position.」
Reliance on interest-bearing debt increased from 58.4% at the end of the previous fiscal year to 59.8%. - FY2024-Q3WorsenedAnnual report
「Total liabilities amounted to ¥20,178,377 thousand, an increase of ¥4,262,734 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥2,975,350 thousand in long-term borrowings, ¥2,200,050 thousand in short-term borrowings and ¥257,523 thousand in advances received, partly offset by decreases of ¥1,686,527 thousand in long-term borrowings due within one year, ¥77,500 thousand in bonds due within one year and ¥54,443 thousand in accrued expenses.」
Total liabilities increased by ¥4,262.73 million from the end of the previous consolidated fiscal year, while long-term and short-term borrowings both increased. Exposure to reliance on interest-bearing debt and the repayment burden has increased. - FY2024-Q2WorsenedAnnual report
「Total liabilities were ¥18,446,843 thousand, an increase of ¥2,531,199 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,513,482 thousand in short-term borrowings, ¥1,430,221 thousand in long-term borrowings and ¥752,377 thousand in trade payables, partly offset by decreases of ¥1,317,919 thousand in current maturities of long-term borrowings, ¥60,186 thousand in accrued expenses and ¥47,500 thousand in current maturities of bonds.」
Total liabilities increased from ¥15,915,643 thousand at FY2023-end to ¥18,446,843 thousand. Both short-term and long-term borrowings increased, increasing exposure to reliance on interest-bearing debt and the repayment burden. - FY2024-Q1WorsenedAnnual report
「Total liabilities were ¥17,143,990 thousand, an increase of ¥1,228,347 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥787,783 thousand in short-term borrowings, ¥515,918 thousand in long-term borrowings and ¥266,079 thousand in current maturities of long-term borrowings, partly offset by decreases of ¥305,985 thousand in accrued income taxes and ¥90,184 thousand in trade payables.」
Total liabilities increased by ¥1,228.35 million from the end of the previous fiscal year, while short-term borrowings, long-term borrowings and current maturities of long-term borrowings all increased. Exposure to reliance on interest-bearing debt and the repayment burden has increased. - FY2023WorsenedAnnual report
「Because the Group finances part of the funds required to acquire properties for sale mainly through borrowings from financial institutions, interest-bearing debt represented 58.4% of total assets at the end of the current consolidated fiscal year.」
Reliance on interest-bearing debt increased from 55.7% at the end of the previous fiscal year to 58.4%. The policy of diversifying financing sources remains in place. - FY2023-Q3WorsenedAnnual report
「Total liabilities were ¥14,726,971 thousand, an increase of ¥1,434,516 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,078,068 thousand in short-term borrowings, ¥360,308 thousand in current maturities of long-term borrowings and ¥174,219 thousand in advances received, partly offset by decreases of ¥205,313 thousand in trade payables and ¥123,996 thousand in long-term borrowings.」
Total liabilities increased by ¥1,434.52 million from the end of the previous fiscal year, while short-term borrowings and current maturities of long-term borrowings also increased. Exposure relating to reliance on interest-bearing debt and the short-term repayment burden has increased. - FY2023-Q1WorsenedAnnual report
「Total liabilities amounted to ¥13,772,707 thousand, an increase of ¥480,252 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,038,590 thousand in short-term borrowings and ¥473,743 thousand in long-term borrowings, partly offset by a decrease of ¥388,273 thousand in long-term borrowings due within one year.」
Total liabilities increased by ¥480,252 thousand from the end of the previous fiscal year, while short-term and long-term borrowings also increased. Exposure to reliance on interest-bearing debt has increased. - FY2022MitigatedAnnual report
「Interest-bearing debt accounted for 55.7% of total assets at the end of the current consolidated fiscal year. Although the group plans to focus on strengthening its equity through the recognition of profits going forward, fluctuations in interest rates due to monetary policy, economic conditions and other factors could affect the group's operating results and financial position. To mitigate this risk, the group is diversifying its sources of financing, including issuing bonds and using syndicated loans, to avoid reliance on any particular financial institution.」
Reliance on interest-bearing debt declined from 62.2% at the end of the previous fiscal year to 55.7%. Interest-rate risk remains, but the group is diversifying its financing through bonds and syndicated loans. - FY2022-Q3WorsenedAnnual report
「Total liabilities amounted to ¥14,636,840 thousand, an increase of ¥840,510 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥856,119 thousand in short-term borrowings, ¥576,812 thousand in advances received and ¥540,905 thousand in long-term borrowings due within one year, partly offset by decreases of ¥1,298,244 thousand in long-term borrowings, ¥159,535 thousand in deferred tax liabilities and ¥97,500 thousand in bonds.」
Total liabilities increased by ¥840,510 thousand from the end of the previous fiscal year. While long-term borrowings declined, short-term borrowings and current maturities of long-term borrowings increased, increasing the short-term repayment burden. - FY2022-Q2Total liabilities declined, but short-term and current repayment burdens increasedAnnual report
「Total liabilities amounted to ¥13,013,603 thousand, a decrease of ¥782,726 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,020,906 thousand in long-term borrowings due within one year, ¥480,340 thousand in advances received and ¥344,858 thousand in short-term borrowings, partly offset by decreases of ¥2,363,337 thousand in long-term borrowings, ¥96,734 thousand in trade accounts payable and ¥62,816 thousand in consumption taxes payable.」
While total liabilities declined, current maturities of long-term borrowings and short-term borrowings increased, and long-term borrowings declined. The maturity profile of borrowings has changed. - FY2022-Q1WorsenedAnnual report
「Total liabilities were ¥14,515,679 thousand, an increase of ¥719,349 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥613,021 thousand in trade payables, ¥283,009 thousand in short-term borrowings and ¥498,935 thousand in advances received, partly offset by a decrease of ¥575,452 thousand in long-term borrowings.」
Total liabilities increased by ¥719,349 thousand from the end of the previous fiscal year, while short-term borrowings increased by ¥283,009 thousand. Although long-term borrowings declined, exposure to reliance on interest-bearing debt increased due to the increases in liabilities and short-term borrowings. - FY2021WorsenedAnnual report
「Because part of the funds used by the group to acquire properties for sale is financed primarily through borrowings from financial institutions, interest-bearing debt accounted for 62.2% of total assets at the end of the current consolidated fiscal year.」
Reliance on interest-bearing debt increased from 51.6% at the end of the previous fiscal year to 62.2%. Long-term borrowings also increased by ¥3,746.63 million, increasing exposure to reliance on borrowings. - FY2021-Q3WorsenedAnnual report
「Total liabilities were ¥14,996,457 thousand, an increase of ¥3,674,847 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥3,949,617 thousand in long-term borrowings, ¥176,656 thousand in trade payables and ¥114,466 thousand in short-term borrowings, partly offset by decreases of ¥554,921 thousand in current maturities of long-term borrowings and ¥180,661 thousand in deferred tax liabilities.」
Total liabilities increased by ¥3,674.84 million from the end of the previous fiscal year. Long-term borrowings increased by ¥3,949.62 million and short-term borrowings by ¥114.47 million. Exposure to reliance on interest-bearing debt has increased. - FY2021-Q2WorsenedAnnual report
「Total liabilities amounted to ¥11,773,135 thousand, an increase of ¥451,525 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥807,739 thousand in long-term borrowings, ¥107,089 thousand in income taxes payable and ¥104,714 thousand in short-term borrowings, partly offset by decreases of ¥301,992 thousand in trade accounts payable, ¥174,064 thousand in deferred tax liabilities and ¥58,798 thousand in long-term borrowings due within one year.」
Total liabilities increased by ¥451,525 thousand from the end of the previous fiscal year, while long-term and short-term borrowings also increased. Exposure to reliance on interest-bearing debt and interest-rate fluctuations has increased. - FY2021-Q1WorsenedAnnual report
「Total liabilities were ¥11,518,355 thousand, an increase of ¥196,745 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥755,942 thousand in long-term borrowings, ¥55,866 thousand in short-term borrowings and ¥32,792 thousand in advances received, partly offset by decreases of ¥326,493 thousand in current maturities of long-term borrowings and ¥288,419 thousand in trade payables.」
Total liabilities increased by ¥196,745 thousand from the end of the previous fiscal year, and long-term and short-term borrowings also increased. Current maturities of long-term borrowings declined. - FY2020MitigatedAnnual report
「Because part of the funds used by the group to acquire properties for sale is financed primarily through borrowings from financial institutions, interest-bearing debt accounted for 51.6% of total assets at the end of the current consolidated fiscal year. Although the group plans to focus on strengthening its equity through the recognition of profits going forward, fluctuations in interest rates due to monetary policy, economic conditions and other factors could affect the group's operating results and financial position.」
Reliance on interest-bearing debt declined from 71.8% at the end of the previous fiscal year to 51.6%. However, current maturities of long-term borrowings increased, and interest-rate risk remains. - FY2020-Q3WorsenedAnnual report
「Total liabilities amounted to ¥11,672,134 thousand, an increase of ¥615,074 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥2,272,321 thousand in long-term borrowings due within one year and ¥125,110 thousand in advances received, partly offset by decreases of ¥1,053,582 thousand in long-term borrowings, ¥303,479 thousand in income taxes payable, ¥252,468 thousand in trade accounts payable and ¥228,040 thousand in short-term borrowings.」
Total liabilities increased from the end of the previous consolidated fiscal year, and current maturities of long-term borrowings increased substantially. Although long-term and short-term borrowings declined, the maturity profile of borrowings shifted toward shorter-term repayments. - FY2020-Q2WorsenedAnnual report
「Total liabilities amounted to ¥11,995,062 thousand, an increase of ¥938,001 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥2,418,203 thousand in long-term borrowings due within one year and ¥156,064 thousand in short-term borrowings, and decreases of ¥816,020 thousand in long-term borrowings, ¥378,908 thousand in income taxes payable and ¥377,775 thousand in trade accounts payable.」
Total liabilities increased by ¥938,001 thousand year on year from the end of the previous consolidated fiscal year, while current maturities of long-term borrowings and short-term borrowings also increased. Exposure relating to reliance on interest-bearing debt and the short-term repayment burden has increased. - FY2020-Q1WorsenedAnnual report
「Total liabilities were ¥11,806.578 million, an increase of ¥749.517 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥2,374.558 million in long-term borrowings due for repayment within one year and ¥205.116 million in short-term borrowings, and decreases of ¥1,118.171 million in long-term borrowings, ¥333.746 million in trade payables, and ¥374.219 million in accrued corporate taxes and other taxes.」
Total liabilities increased by ¥749,517 thousand from the end of the previous consolidated fiscal year. Current maturities of long-term borrowings and short-term borrowings increased, increasing the short-term repayment burden on borrowings. - FY2019-Q3MitigatedAnnual report
「Total liabilities amounted to ¥11,953,886 thousand, a decrease of ¥734,976 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥773,940 thousand in trade accounts payable and decreases of ¥476,718 thousand in short-term borrowings, ¥842,629 thousand in long-term borrowings due within one year and ¥410,923 thousand in long-term borrowings.」
Short-term borrowings, current maturities of long-term borrowings and long-term borrowings all declined from the end of the previous consolidated fiscal year, as did total liabilities. - FY2019-Q2MitigatedAnnual report
「Total liabilities amounted to ¥11,573,146 thousand, a decrease of ¥1,115,716 thousand from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥325,200 thousand in short-term borrowings and ¥2,570,852 thousand in long-term borrowings, partly offset by an increase of ¥1,863,948 thousand in long-term borrowings due within one year.」
Total liabilities declined from the end of the previous consolidated fiscal year due to decreases in short-term and long-term borrowings. Current maturities of long-term borrowings increased, changing the maturity profile of borrowings. - FY2018WorsenedAnnual report
「Because the Group finances part of the funds required to acquire properties for sale mainly through borrowings from financial institutions, interest-bearing debt represented 71.8% of total assets at the end of the current consolidated fiscal year.」
Reliance on interest-bearing debt increased from 35.3% at the end of the previous fiscal year to 71.8%. Liabilities, including borrowings and bonds, also increased substantially. - FY2018-Q3WorsenedAnnual report
「Total liabilities amounted to ¥12,891,985 thousand, an increase of ¥10,194,667 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,790,737 thousand in long-term borrowings due within one year and ¥6,967,769 thousand in long-term borrowings.」
Compared with the end of the previous consolidated fiscal year, total liabilities, current maturities of long-term borrowings and long-term borrowings increased, further increasing exposure to reliance on interest-bearing debt. - FY2018-Q2WorsenedAnnual report
「Total liabilities amounted to ¥12,069,894 thousand, an increase of ¥9,372,576 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥916,580 thousand in short-term borrowings and ¥8,183,300 thousand in long-term borrowings.」
The balance sheet shows substantial increases in short-term and long-term borrowings, with total liabilities increasing by ¥9,372,576 thousand from the end of the previous fiscal year. Exposure to reliance on interest-bearing debt has increased. - FY2017MitigatedAnnual report
「Because part of the funds used by the group to acquire properties for sale is financed primarily through borrowings from financial institutions, interest-bearing debt accounted for 35.3% of total assets at the end of the current consolidated fiscal year. Although the group plans to focus on strengthening its equity through the recognition of profits going forward,」
Reliance on interest-bearing debt declined from 45.8% at the end of the previous fiscal year to 35.3%. The group also stated its policy of strengthening equity through the recognition of profits. - FY2016First statedAnnual report
「Because part of the funds used to acquire properties for sale is financed primarily through borrowings from financial institutions, interest-bearing debt accounted for 45.8% of total assets at the end of the current consolidated fiscal year.」
The company uses borrowings to finance the acquisition of properties for sale and disclosed that its reliance on interest-bearing debt was 45.8% of total assets.