Impact of Interest-Bearing Debt and Interest Rate Trends on Performance
First written in FY2018. 14 of 26 entries say "Mitigated", first in FY2020-Q3. Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Total liabilities were ¥20,829 million, a decrease of ¥408 million from the end of the previous consolidated fiscal year. This was mainly attributable to an increase of ¥459 million in accounts payable, despite decreases of ¥943 million in long-term borrowings, including the current portion, and ¥105 million in other fixed liabilities.」
Long-term borrowings, including the current portion, decreased by ¥943 million, reducing the group's exposure to interest-bearing debt subject to interest-rate movements. - FY2026Increase in interest-bearing debt; decrease in its proportionAnnual report
「Most borrowings from financial institutions are long-term and at fixed interest rates, but future interest rate trends could affect the group’s business performance and other matters.」
The balance of interest-bearing debt increased to ¥10,389,246 thousand, while its percentage of total assets declined to 27.6%. The disclosure also continues to state that most borrowings are long-term and at fixed interest rates. - FY2026-H1WorsenedAnnual report
「This was mainly due to increases of ¥1,364 million in long-term borrowings, ¥737 million in other current liabilities, ¥441 million in accounts payable, ¥268 million in other non-current liabilities and ¥254 million in electronically recorded obligations.」
Long-term borrowings increased by ¥1,364 million, while total liabilities also increased by ¥3,119 million from the end of the previous consolidated fiscal year, expanding exposure to interest-bearing debt and financial costs. - FY2025Higher interest-bearing debt balance, lower proportion of total assetsAnnual report
「Balance of interest-bearing debt (¥ thousands) 9,149,383 9,603,039 10,044,983 Interest-bearing debt as a percentage of total assets (%) 33.3 30.3 29.3」
Although the balance of interest-bearing debt increased, its percentage of total assets declined. The disclosure also states that most borrowings are long-term and at fixed interest rates. - FY2025-H1MitigatedAnnual report
「This was mainly due to a decrease of ¥226 million in long-term and short-term borrowings, including the current portion of long-term borrowings.」
Long-term and short-term borrowings decreased by a total of ¥226 million, reducing interest-bearing debt exposure to interest rate trends. quantified: true, materialized: false. - FY2024-Q2MitigatedAnnual report
「Total liabilities were ¥15,390 million, up ¥492 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥322 million in accounts payable, ¥137 million in other current liabilities and ¥93 million in income taxes payable, together with a ¥125 million decrease in long-term and short-term borrowings, including the current portion of long-term borrowings.」
Long-term and short-term borrowings decreased by a total of ¥125 million, reducing interest-bearing debt exposure. - FY2023MitigatedAnnual report
「Balance of interest-bearing debt (¥ thousands) 11,890,562 11,350,549 9,149,383 Interest-bearing debt as a percentage of total assets (%) 41.6 39.0 33.3」
The balance of interest-bearing debt declined from ¥11.35 billion in the previous fiscal year to ¥9.15 billion, while its percentage of total assets fell from 39.0% to 33.3%, reducing debt exposure to interest rate trends. - FY2023-Q3MitigatedAnnual report
「Total liabilities were ¥15,582 million, down ¥1,583 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥562 million increase in other current liabilities and decreases of ¥1,749 million in long-term and short-term borrowings, including the current portion of long-term borrowings, and ¥211 million in provision for bonuses.」
Long-term and short-term borrowings decreased by a total of ¥1,749 million, reducing interest-bearing debt exposure. - FY2023-Q2MitigatedAnnual report
「Total liabilities were ¥16,100 million, down ¥1,065 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥141 million increase in other current liabilities and a ¥1,076 million decrease in long-term and short-term borrowings, including the current portion of long-term borrowings.」
Long-term and short-term borrowings decreased by a total of ¥1,076 million, reducing interest-bearing debt exposure. - FY2023-Q1MitigatedAnnual report
「Total liabilities were ¥16,807 million, down ¥359 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥294 million in accounts payable and ¥183 million in provision for bonuses, together with a ¥789 million decrease in long-term and short-term borrowings, including the current portion of long-term borrowings.」
Long-term and short-term borrowings decreased by a total of ¥789 million, reducing interest-bearing debt exposure. - FY2022-Q3MitigatedAnnual report
「This was mainly due to increases of ¥253 million in accounts payable and ¥201 million in other current liabilities, together with decreases of ¥267 million in long-term and short-term borrowings, including the current portion of long-term borrowings, ¥212 million in provision for bonuses and ¥111 million in income taxes payable.」
Compared with the end of the previous consolidated fiscal year, long-term and short-term borrowings decreased by ¥267 million, reducing interest-bearing debt exposure. - FY2022-Q2WorsenedAnnual report
「Total liabilities were ¥18,580 million, up ¥510 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥660 million in long-term and short-term borrowings, including the current portion of long-term borrowings, and ¥169 million in accounts payable, partly offset by a ¥269 million decrease in other current liabilities.」
Compared with the end of the previous consolidated fiscal year, long-term and short-term borrowings increased by ¥660 million, expanding interest-bearing debt exposure. - FY2022-Q1MitigatedAnnual report
「Total liabilities were ¥17,685 million, down ¥383 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥278 million in accounts payable and ¥184 million in provision for bonuses, together with decreases of ¥430 million in long-term and short-term borrowings, including the current portion of long-term borrowings, ¥244 million in other current liabilities and ¥157 million in income taxes payable.」
Long-term and short-term borrowings decreased by a total of ¥430 million, reducing interest-bearing debt exposure. - FY2021WorsenedAnnual report
「Balance of interest-bearing debt (¥ thousands) 11,154,125 10,217,049 11,890,562 Interest-bearing debt as a percentage of total assets (%) 42.6 39.0 41.6」
The balance of interest-bearing debt in the fiscal year ended February 2021 was ¥11,890,562 thousand, representing 41.6% of total assets, up from ¥10,217,049 thousand and 39.0% in the previous fiscal year. The potential impact of future interest rate trends on business performance continues to be disclosed. - FY2021-Q3WorsenedAnnual report
「Total liabilities were ¥16,963 million, up ¥941 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,173 million in long-term and short-term borrowings, including the current portion of long-term borrowings, and ¥334 million in other current liabilities, partly offset by decreases of ¥406 million in accounts payable and ¥209 million in provision for bonuses.」
Compared with the end of the previous consolidated fiscal year, long-term and short-term borrowings increased by ¥1,173 million, expanding interest-bearing debt exposure. - FY2021-Q2WorsenedAnnual report
「Net cash used in financing activities was ¥323 million, compared with net cash provided of ¥4,078 million in the same period of the previous year. This was mainly due to ¥271 million used for the acquisition of treasury shares and ¥85 million in dividend payments, despite a net increase of ¥54 million in short-term and long-term borrowings.」
Short-term and long-term borrowings increased by a net ¥54 million during the six-month period ended in the second quarter, resulting in a modest increase in interest-bearing debt exposure. - FY2021-Q1MitigatedAnnual report
「Total liabilities were ¥15,391 million, down ¥631 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥157 million in provision for bonuses, together with decreases of ¥319 million in short-term and long-term borrowings, including the current portion of long-term borrowings, ¥205 million in income taxes payable and ¥204 million in accounts payable.」
Compared with the end of the previous consolidated fiscal year, short-term and long-term borrowings decreased by ¥319 million, reducing interest-bearing debt exposure. - FY2020-Q3MitigatedAnnual report
「This was mainly due to increases of ¥339 million in other current liabilities, ¥301 million in accounts payable and ¥123 million in income taxes payable, together with decreases of ¥657 million in short-term and long-term borrowings, including the current portion of long-term borrowings, and ¥191 million in provision for bonuses.」
Compared with the end of the previous consolidated fiscal year, short-term and long-term borrowings decreased by ¥657 million, reducing interest-bearing debt exposure. - FY2020-Q2WorsenedAnnual report
「Net cash provided by financing activities was ¥4,078 million, an increase of ¥3,524 million in proceeds from the same period of the previous year. This was mainly due to a net increase of ¥4,179 million in short-term and long-term borrowings, partly offset by ¥76 million in dividend payments.」
Short-term and long-term borrowings increased by a net ¥4,179 million, partly as a result of financing associated with the transition to a holding company structure, expanding interest-bearing debt exposure. - FY2020-Q1WorsenedAnnual report
「This was mainly due to increases of ¥789 million in short-term and long-term borrowings, ¥195 million in accounts payable and ¥151 million in provision for bonuses, together with a ¥178 million decrease in other current liabilities.」
Compared with the end of the previous consolidated fiscal year, short-term and long-term borrowings, including the current portion of long-term borrowings, increased by ¥789 million, expanding interest-bearing debt exposure. No statement indicates that higher interest rates or other factors had affected business performance. - FY2019WorsenedAnnual report
「Balance of interest-bearing debt (¥ thousands) 11,154,125 Interest-bearing debt as a percentage of total assets (%) 42.5」
The balance of interest-bearing debt increased from ¥10,428,186 thousand in the previous fiscal year to ¥11,154,125 thousand, while its percentage of total assets rose from 40.5% to 42.5%. - FY2018First statedAnnual report
「Balance of interest-bearing debt (¥ thousands) 10,428,186 Interest-bearing debt as a percentage of total assets (%) 40.5」
Under its policy of continuing to fund investments in new store openings, M&A and the opening of fee-based nursing homes through borrowings and other means, the group reports an interest-bearing debt balance of ¥10,428,186 thousand, representing 40.5% of total assets, and discloses the potential impact of interest rate trends on business performance.