Reduction of interest-bearing debt and reliance on borrowings
First written in FY2016. 23 of 40 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-11-06.
The whole theme swung hardest in 2026: 3 of 18 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2026WorsenedAnnual report
「As of the end of the current consolidated fiscal year, the balance of short-term borrowings was ¥37.886 billion, including ¥4.152 billion in long-term borrowings due within 1 year, while the balance of long-term borrowings was ¥29.391 billion.」
The total of short-term and long-term borrowings was ¥67.277 billion, up from ¥65.816 billion at the end of the previous fiscal year. - FY2026-H1AdvancedAnnual report
「As of the end of the interim consolidated accounting period, the balance of short-term borrowings, including long-term borrowings due within 1 year, was ¥28.74 billion, while the balance of long-term borrowings was ¥30.877 billion.」
The total of short-term and long-term borrowings was ¥59.617 billion, down from ¥65.816 billion at the end of the previous fiscal year. This indicates quantitative progress relative to the policy of reducing interest-bearing debt. - FY2025WorsenedAnnual report
「As of the end of the current consolidated fiscal year, the balance of short-term borrowings was ¥32.929 billion, including ¥7.038 billion in long-term borrowings due within 1 year, while the balance of long-term borrowings was ¥32.887 billion.」
The total of short-term and long-term borrowings was ¥65.816 billion, up from ¥45.956 billion at the end of the previous fiscal year. Despite the policy of reducing interest-bearing debt and reliance on borrowings, borrowings increased substantially. - FY2025-H1WorsenedAnnual report
「Liabilities at the end of the interim consolidated accounting period were ¥88.608 billion, an increase of ¥4.249 billion from the end of the previous consolidated fiscal year. The main changes included an increase of ¥27.902 billion in long-term borrowings and ¥3.582 billion in other current liabilities, and decreases of ¥16.818 billion in short-term borrowings and ¥10.045 billion in notes and accounts payable–trade, among others.」
The increase in long-term borrowings exceeded the decrease in short-term borrowings, resulting in an increase in total short-term and long-term borrowings from the end of the previous fiscal year. Deterioration was indicated relative to the policy of reducing interest-bearing debt and reliance on borrowings. - FY2024AdvancedAnnual report
「As of the end of the current consolidated fiscal year, the balance of short-term borrowings was ¥37.437 billion, including ¥4.387 billion in long-term borrowings due within 1 year, while the balance of long-term borrowings was ¥8.495 billion.」
The total of short-term and long-term borrowings was ¥45.956 billion, down ¥413 million from ¥46.369 billion at the end of the previous fiscal year. This indicates quantitative progress relative to the policy of reducing interest-bearing debt and reliance on borrowings. - FY2024-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, the balance of short-term borrowings, including long-term borrowings due within 1 year, was ¥34.461 billion, while the balance of long-term borrowings was ¥11.291 billion.」
The total of short-term and long-term borrowings was ¥45.752 billion, down ¥581 million from ¥46.333 billion at the end of the previous fiscal year. This indicates quantitative progress relative to the policy of reducing interest-bearing debt. - FY2024-Q2AdvancedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, the balance of short-term borrowings, including long-term borrowings due within 1 year, was ¥28.931 billion, while the balance of long-term borrowings was ¥11.311 billion.」
The total of short-term and long-term borrowings was ¥40.242 billion, down ¥6.091 billion from ¥46.333 billion at the end of the previous fiscal year. This indicates quantitative progress in reducing interest-bearing debt. - FY2024-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, the balance of short-term borrowings, including long-term borrowings due within 1 year, was ¥29.501 billion, while the balance of long-term borrowings was ¥8.712 billion.」
The total of short-term and long-term borrowings was ¥38.213 billion, down from ¥46.333 billion at the end of the previous fiscal year. This indicates quantitative progress relative to the policy of reducing interest-bearing debt. - FY2023WorsenedAnnual report
「As of the end of the current consolidated fiscal year, the balance of short-term borrowings was ¥37.591 billion, including ¥3.111 billion in long-term borrowings due within 1 year, while the balance of long-term borrowings was ¥8.742 billion.」
Despite setting out a policy of reducing interest-bearing debt and reliance on borrowings, the total of short-term and long-term borrowings increased substantially from the end of the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, the balance of short-term borrowings, including long-term borrowings due within 1 year, was ¥38.259 billion, while the balance of long-term borrowings was ¥10.272 billion.」
The total of short-term and long-term borrowings was ¥48.531 billion, a substantial increase from ¥23.088 billion at the end of the previous consolidated fiscal year. Deterioration was indicated relative to the policy of reducing interest-bearing debt and reliance on borrowings. - FY2023-Q2WorsenedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, the balance of short-term borrowings, including long-term borrowings due within 1 year, was ¥35.349 billion, while the balance of long-term borrowings was ¥10.302 billion.」
The total of short-term and long-term borrowings was ¥45.651 billion, a substantial increase from total interest-bearing debt at the end of the previous fiscal year. Inventories also increased by ¥13.358 billion, indicating deterioration relative to the policy of improving capital efficiency and reducing reliance on borrowings. - FY2023-Q1WorsenedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, the balance of short-term borrowings, including long-term borrowings due within 1 year, was ¥22.329 billion, while the balance of long-term borrowings was ¥9.408 billion.」
The total of short-term and long-term borrowings was ¥31.737 billion, up from total interest-bearing debt at the end of the previous fiscal year. On a net basis, the quarter saw deterioration relative to the policy of reducing interest-bearing debt. - FY2022WorsenedAnnual report
「The Group is working to strengthen its financial base by reducing trade receivables and inventories to improve capital efficiency, lowering the balance of interest-bearing debt and its reliance on borrowings. The interest-bearing debt-to-cash flow ratio, calculated as interest-bearing debt divided by operating cash flow, was 5.0 years for the current consolidated fiscal year,」
The balance of interest-bearing debt edged up from ¥23.088 billion at the end of the previous fiscal year to ¥23.221 billion, while the interest-bearing debt-to-cash flow ratio deteriorated from 1.5 years to 5.0 years. - FY2022-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, the balance of short-term borrowings, including long-term borrowings due within 1 year, was ¥7.002 billion, while the balance of long-term borrowings was ¥12.551 billion.」
The total of short-term and long-term borrowings was ¥19.553 billion, down from ¥23.088 billion at the end of the previous fiscal year. This indicates quantitative progress in reducing interest-bearing debt. - FY2022-Q2AdvancedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥7,010 million, while long-term borrowings stood at ¥12,558 million. Cash used in financing activities was ¥4,692 million, mainly due to payments of ¥3,520 million for the repayment of long-term borrowings and ¥1,164 million in dividends.」
The total of short-term and long-term borrowings was ¥19.568 billion, down from ¥23.088 billion at the end of the previous fiscal year. Repayment of ¥3.52 billion in long-term borrowings was made. Meanwhile, inventories increased by ¥9.263 billion. - FY2022-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥7,022 million, while long-term borrowings stood at ¥16,038 million.」
The total of short-term and long-term borrowings was ¥23,060 million, a decrease from total interest-bearing debt at the end of the previous consolidated fiscal year. Quantitative progress was evident against the policy of reducing interest-bearing debt. - FY2021AdvancedAnnual report
「The Group is working to reduce trade receivables and inventories to improve capital efficiency, thereby reducing its interest-bearing debt balance and reliance on borrowings, with the aim of strengthening its financial base.」
Interest-bearing debt decreased from ¥30,633 million at the end of the previous fiscal year to ¥23,088 million, and the cash flow-to-interest-bearing debt ratio also improved to 1.5 years. - FY2021-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥7,052 million, while long-term borrowings stood at ¥19,554 million.」
The total of short-term and long-term borrowings was ¥26,606 million, a decrease from ¥30,586 million at the end of the previous consolidated fiscal year. Quantitative progress was evident against the policy of reducing interest-bearing debt. - FY2021-Q2AdvancedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥9,614 million, while long-term borrowings stood at ¥19,568 million.」
The total of short-term and long-term borrowings was ¥29,182 million, a decrease from the total at the end of the previous consolidated fiscal year. Quantitative progress was evident against the policy of reducing interest-bearing debt. - FY2021-Q1Short-term borrowings up; net increase in interest-bearing debtAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥9,032 million, while long-term borrowings stood at ¥22,890 million.」
The total of short-term and long-term borrowings was ¥31,922 million, an increase of ¥1,289 million from ¥30,633 million at the end of the previous fiscal year. Borrowings increased on a net basis during the quarter, contrary to the policy of reducing interest-bearing debt. - FY2020AdvancedAnnual report
「The Group is working to reduce trade receivables and inventories to improve capital efficiency, thereby reducing its interest-bearing debt balance and reliance on borrowings, with the aim of strengthening its financial base. The cash flow-to-interest-bearing debt ratio for the current consolidated fiscal year was 4.6 years, and」
Interest-bearing debt based on the schedule of borrowings and other debt decreased from ¥37,024 million at the end of the previous fiscal year to ¥30,633 million. Meanwhile, the cash flow-to-interest-bearing debt ratio deteriorated from 3.6 years to 4.6 years. - FY2020-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥7,047 million, while long-term borrowings stood at ¥26,413 million.」
The total of short-term and long-term borrowings was ¥33,460 million, a decrease of ¥3,564 million from ¥37,024 million at the end of the previous fiscal year. Quantitative progress was evident in the reduction of interest-bearing debt. - FY2020-Q2AdvancedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥7,047 million, while long-term borrowings stood at ¥26,432 million.」
The total of short-term and long-term borrowings was ¥33,479 million, a decrease of ¥3,545 million from ¥37,024 million at the end of the previous fiscal year. Quantitative progress was evident in the reduction of interest-bearing debt. - FY2020-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥7,062 million, while long-term borrowings stood at ¥29,927 million.」
The total of short-term and long-term borrowings was ¥36,989 million, a decrease of ¥35 million from ¥37,024 million at the end of the previous fiscal year. Slight quantitative progress was evident in the reduction of interest-bearing debt. - FY2019WorsenedAnnual report
「As of the end of the current consolidated fiscal year, short-term borrowings stood at ¥7,068 million, including ¥7,068 million in long-term borrowings due for repayment within one year, while long-term borrowings stood at ¥29,956 million.」
The total of short-term and long-term borrowings was ¥37,024 million, an increase from interest-bearing debt of ¥35,031 million at the end of the previous fiscal year. The cash flow-to-interest-bearing debt ratio also deteriorated from 3.4 years to 3.6 years. - FY2019-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥16,134 million, while long-term borrowings stood at ¥13,961 million.」
The total of short-term and long-term borrowings was ¥30,095 million, a decrease of ¥4,936 million from ¥35,031 million at the end of the previous fiscal year. Both short-term and long-term borrowings decreased from the end of the previous fiscal year. - FY2019-Q2Net increase: short-term borrowings up, long-term borrowings downAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥21,214 million, while long-term borrowings stood at ¥13,980 million.」
The total of short-term and long-term borrowings was ¥35,194 million, an increase of ¥163 million from the previous fiscal year-end total of ¥35,031 million. Short-term borrowings increased by ¥2,207 million, while long-term borrowings decreased by ¥2,045 million. - FY2019-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥17,912 million, while long-term borrowings stood at ¥15,990 million.」
The total of short-term and long-term borrowings was ¥33,902 million, down from interest-bearing debt of ¥35,031 million at the end of the previous fiscal year. Quantitative progress was evident in the reduction of interest-bearing debt. - FY2018AdvancedAnnual report
「The Group is working to reduce trade receivables and inventories to improve capital efficiency, thereby reducing its interest-bearing debt balance and reliance on borrowings, with the aim of strengthening its financial position. The cash flow-to-interest-bearing debt ratio for the current consolidated fiscal year was 3.4 years, calculated as interest-bearing debt divided by operating cash flow, and the interest coverage ratio was 22.2, calculated as operating cash flow divided by interest payments.」
The interest-bearing debt balance decreased from ¥39,881 million at the end of the previous fiscal year to ¥35,031 million, and the cash flow-to-interest-bearing debt ratio also improved from 7.3 years to 3.4 years. - FY2018-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, liabilities stood at ¥69,101 million, a decrease of ¥2,891 million from the end of the previous consolidated fiscal year. The main changes were a ¥1,068 million increase in “Other” current liabilities and a ¥3,133 million decrease in long-term borrowings, among others. As of the end of the third quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥10,810 million, while long-term borrowings stood at ¥26,780 million.」
The total of short-term and long-term borrowings was ¥37,590 million, a decrease of ¥2,256 million from ¥39,846 million at the end of the previous fiscal year. Long-term borrowings also decreased by ¥3,133 million, indicating quantitative progress in reducing interest-bearing debt. - FY2018-Q2Net increase: short-term borrowings up, long-term borrowings downAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥13,315 million, while long-term borrowings stood at ¥26,819 million.」
The total of short-term and long-term borrowings was ¥40,134 million, an increase of ¥288 million from ¥39,846 million at the end of the previous fiscal year. Short-term borrowings increased while long-term borrowings decreased, resulting in a net increase against the interest-bearing debt reduction target. - FY2018-Q1Increase in outstanding borrowingsAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, short-term borrowings, including long-term borrowings due for repayment within one year, stood at ¥11,244 million, while long-term borrowings stood at ¥29,887 million.」
The total of short-term and long-term borrowings was ¥41,131 million, an increase of ¥1,285 million from ¥39,846 million at the end of the previous fiscal year. Performance against the interest-bearing debt reduction target reversed the previous declining trend during the quarter. - FY2017AdvancedAnnual report
「To improve capital efficiency, the Group is working to reduce trade receivables and inventories, thereby reducing its interest-bearing debt balance and reliance on borrowings, with the aim of strengthening its financial position. The cash flow-to-interest-bearing debt ratio for the current consolidated fiscal year was 7.3 years, and the interest coverage ratio was 10.8.」
Borrowings based on the schedule of borrowings and other debt decreased from the previous fiscal year, while long-term borrowings decreased by ¥6,617 million. Meanwhile, the cash flow-to-interest-bearing debt ratio reached 7.3 years due to a decline in operating cash flow. - FY2017-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, liabilities stood at ¥70,587 million, a decrease of ¥1,990 million from the end of the previous consolidated fiscal year. The main changes were a ¥3,595 million increase in notes and accounts payable, trade, a ¥3,373 million decrease in long-term borrowings, and a ¥2,870 million decrease in “Other” current liabilities, among others.」
Liabilities decreased by ¥1,990 million from the end of the previous consolidated fiscal year, and long-term borrowings also decreased by ¥3,373 million. Short-term borrowings increased, and changes in the breakdown of total borrowings were also reported. - FY2017-Q2AdvancedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, liabilities stood at ¥63,848 million, a decrease of ¥8,729 million from the end of the previous consolidated fiscal year. The main changes were a ¥3,345 million decrease in long-term borrowings, a ¥2,565 million decrease in “Other” current liabilities, and a ¥2,547 million decrease in notes and accounts payable, trade, among others.」
Liabilities decreased by ¥8,729 million from the end of the previous consolidated fiscal year, while long-term borrowings decreased by ¥3,345 million. Quantitative progress was evident in the reduction of interest-bearing debt. - FY2016First statedAnnual report
「To improve capital efficiency, the company is working to reduce trade receivables and inventories, thereby reducing its interest-bearing debt balance and reliance on borrowings, with the aim of strengthening its financial position.」
The policy is to reduce interest-bearing debt and reliance on borrowings by compressing working capital. The company has disclosed a cash flow-to-interest-bearing debt ratio of 5.0 years and an interest coverage ratio of 17.0.