Interest-Bearing Debt and Interest-Rate Fluctuations
First written in FY2016. 18 of 26 entries say "Mitigated", first in FY2017. Latest entry: FY2027-H1.
create restaurants holdings moved to the "Worse" side of this theme in 2019, 2 years before 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".
- FY2027-H1WorsenedAnnual report
「At the end of the current interim consolidated accounting period, liabilities increased by ¥4,453 million from the end of the previous consolidated fiscal year to ¥96,235 million. The main factors were increases of ¥3,472 million in borrowings and ¥1,051 million in trade and other payables, among others.」
Due in part to proceeds of ¥6,800 million from long-term borrowings associated with M&A and other activities, liabilities increased by ¥4,453 million and borrowings by ¥3,472 million from the end of the previous fiscal year, expanding financial exposure during the interim period. - FY2026MitigatedAnnual report
「Interest-bearing debt, excluding lease liabilities, accounted for less than 20% of total assets.」
The interest-bearing debt ratio is stated as below 20%, while repayment of long-term borrowings and the continued use of fixed-rate funding and interest-rate swaps to limit interest-rate fluctuations are also described. - FY2026-H1MitigatedAnnual report
「This was mainly due to decreases of ¥1,374 million in bonds and borrowings and ¥278 million in lease liabilities, among other factors.」
Bonds and borrowings and lease liabilities decreased from the end of the previous consolidated fiscal year, and the deleveraging trend continues. Financing activities included repayment of ¥3,803 million in long-term borrowings and ¥6,874 million in lease liabilities. - FY2025MitigatedAnnual report
「At the end of the consolidated fiscal year, interest-bearing debt, excluding lease liabilities, accounted for 19.1% of total assets. The funds are currently raised mainly through long-term borrowings at fixed interest rates, so the company will not be affected by interest-rate fluctuations for a certain period.」
The interest-bearing debt ratio declined from 21.1% in the previous fiscal year to 19.1%, and repayment of long-term borrowings progressed. The company also continues to limit interest-rate fluctuations through fixed-rate funding and interest-rate swaps. - FY2025-H1MitigatedAnnual report
「At the end of the interim consolidated fiscal period, liabilities decreased by ¥496 million from the end of the previous consolidated fiscal year to ¥90,948 million. The main factors were decreases of ¥1,235 million in lease liabilities and ¥985 million in bonds and borrowings, partly offset by an increase of ¥683 million in trade and other payables, among other items.」
Liabilities, lease liabilities, and bonds and borrowings decreased from the end of the previous fiscal year, and the reduction in the financial exposure that expanded during the infectious disease continues. - FY2025-Q1WorsenedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, liabilities increased by ¥750 million from the end of the previous consolidated fiscal year to ¥92,195 million. The main factors were increases of ¥540 million in bonds and borrowings and ¥435 million in lease liabilities, partly offset by a decrease of ¥365 million in provisions, among other items.」
Liabilities increased by ¥750 million from the end of the previous fiscal year, and bonds and borrowings and lease liabilities also increased, temporarily expanding financial exposure. - FY2024MitigatedAnnual report
「At the end of the consolidated fiscal year, interest-bearing debt, excluding lease liabilities, accounted for 21.1% of total assets. The funds are currently raised mainly through long-term borrowings at fixed interest rates, so the company will not be affected by interest-rate fluctuations for a certain period.」
The interest-bearing debt ratio declined from 31.0% in the previous fiscal year to 21.1%, and the policy of limiting interest-rate fluctuations through fixed interest rates and interest-rate swaps continues. - FY2024-Q2MitigatedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities decreased by ¥1,731 million from the end of the previous consolidated fiscal year to ¥97,380 million. The main factors were a decrease of ¥4,150 million in bonds and borrowings, partly offset by increases of ¥1,489 million in lease liabilities and ¥939 million in trade and other payables, among other items.」
Liabilities and bonds and borrowings decreased from the end of the previous consolidated fiscal year, and the reduction in exposure to interest-bearing debt that expanded during the infectious disease continues. - FY2024-Q1MitigatedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, liabilities decreased by ¥402 million from the end of the previous consolidated fiscal year to ¥98,709 million. The main factors were a decrease of ¥1,999 million in bonds and borrowings, partly offset by increases of ¥1,180 million in lease liabilities and ¥661 million in trade and other payables, among other items.」
Liabilities and bonds and borrowings decreased from the end of the previous consolidated fiscal year, and the reduction in the financial exposure that expanded during the infectious disease continues. - FY2023-Q3MitigatedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, liabilities decreased by ¥5,600 million from the end of the previous consolidated fiscal year to ¥97,274 million. The main factors were an increase of ¥2,275 million in trade and other payables and decreases of ¥6,393 million in bonds and borrowings and ¥2,887 million in lease liabilities, among other items.」
Repayment of bonds and borrowings and lease liabilities continues to reduce exposure to liabilities and interest-bearing debt. - FY2023-Q2MitigatedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities decreased by ¥3,575 million from the end of the previous consolidated fiscal year to ¥99,298 million. The main factors were an increase of ¥2,093 million in trade and other payables and decreases of ¥4,436 million in bonds and borrowings and ¥2,320 million in lease liabilities, among other items.」
Liabilities, bonds and borrowings, and lease liabilities decreased from the end of the previous fiscal year, and the reduction in the financial exposure that expanded during the infectious disease continues. - FY2023-Q1MitigatedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, liabilities increased by ¥79 million from the end of the previous consolidated fiscal year to ¥102,953 million. The main factor was a decrease of ¥2,100 million in bonds and borrowings, while」
Although total liabilities increased slightly, bonds and borrowings decreased by ¥2,100 million from the end of the previous fiscal year, and the reduction in exposure to interest-bearing debt continues. - FY2022MitigatedAnnual report
「At the end of the consolidated fiscal year, interest-bearing debt, excluding lease liabilities, accounted for 31.0% of total assets. The funds are currently raised mainly through long-term borrowings at fixed interest rates, so the company will not be affected by interest-rate fluctuations for a certain period.」
The interest-bearing debt ratio declined from 42.6% in the previous fiscal year to 31.0%, while partial repayment of borrowings and the continued use of fixed interest rates and interest-rate swaps to limit exposure to interest-rate fluctuations continued. - FY2022-Q3MitigatedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, liabilities decreased by ¥8,048 million from the end of the previous consolidated fiscal year to ¥130,654 million. The main factors were an increase of ¥1,767 million in current income taxes payable and decreases of ¥6,061 million in bonds and borrowings and ¥4,628 million in lease liabilities, among other items.」
Liabilities, bonds and borrowings, and lease liabilities each decreased from the end of the previous fiscal year, further reducing the financial exposure that had expanded during the infectious disease. - FY2022-Q2MitigatedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities decreased by ¥8,819 million from the end of the previous consolidated fiscal year to ¥129,883 million. The main factors were decreases of ¥4,345 million in bonds and borrowings and ¥3,595 million in lease liabilities, among other items.」
Liabilities, bonds and borrowings, and lease liabilities each decreased from the end of the previous fiscal year, indicating a reduction in the financial exposure that had expanded during the infectious disease. - FY2022-Q1MitigatedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, liabilities decreased by ¥6,116 million from the end of the previous consolidated fiscal year to ¥132,586 million. The main factors were decreases of ¥3,283 million in bonds and borrowings and ¥1,267 million in lease liabilities, among other items.」
Liabilities, bonds and borrowings, and lease liabilities each decreased from the end of the previous consolidated fiscal year, indicating a reduction in the exposure to liabilities that had expanded through the immediately preceding quarter. - FY2021-Q3WorsenedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, liabilities increased by ¥23,344 million from the end of the previous consolidated fiscal year to ¥149,546 million. The main factor was an increase of ¥32,529 million in bonds and borrowings, among other items.」
Liabilities increased by ¥23,344 million and bonds and borrowings increased by ¥32,529 million from the end of the previous fiscal year, disclosing increased financial exposure from borrowings. - FY2021-Q2WorsenedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities decreased by ¥26,426 million from the end of the previous consolidated fiscal year to ¥152,235 million. The main factor was an increase of ¥33,864 million in bonds and borrowings, among other items.」
Liabilities increased by ¥26,426 million and bonds and borrowings increased by ¥33,864 million from the end of the previous fiscal year, increasing exposure to interest-bearing debt associated with funding during the infectious disease. - FY2021-Q1WorsenedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, liabilities increased by ¥27,468 million from the end of the previous consolidated fiscal year to ¥153,277 million. The main factor was an increase of ¥35,633 million in bonds and borrowings, among other items.」
As funds were secured during the infectious disease, liabilities increased by ¥27,468 million and bonds and borrowings increased by ¥35,633 million, increasing exposure to interest-bearing debt. - FY2020WorsenedAnnual report
「The Group mainly raises funds for capital investments when opening stores through borrowings from financial institutions. At the end of the consolidated fiscal year, interest-bearing debt accounted for 42.6% of total assets.」
The interest-bearing debt ratio increased from 42.5% in the previous fiscal year to 42.6%. After the fiscal year-end, the company borrowed a total of ¥37,120 million to address the infectious disease, increasing its exposure to debt and liquidity risk. - FY2019WorsenedAnnual report
「At the end of the consolidated fiscal year, interest-bearing debt accounted for 42.5% of total assets. The funds are currently raised mainly through long-term borrowings at fixed interest rates, so the company will not be affected by interest-rate fluctuations for a certain period,」
The interest-bearing debt ratio increased from 40.5% in the previous fiscal year to 42.5%. Meanwhile, the company continues to raise long-term funds at fixed interest rates and effectively fix interest rates through interest-rate swaps. - FY2018MitigatedAnnual report
「At the end of the consolidated fiscal year, interest-bearing debt accounted for 40.5% of total assets. The funds are currently raised mainly through long-term borrowings at fixed interest rates, so the company will not be affected by interest-rate fluctuations for a certain period.」
The interest-bearing debt ratio declined from 41.4% in the previous fiscal year to 40.5%, and the policy of raising long-term funds at fixed interest rates continues. - FY2017MitigatedAnnual report
「At the end of the consolidated fiscal year, interest-bearing debt accounted for 41.4% of total assets. The funds are currently raised mainly through long-term borrowings at fixed interest rates, so the company will not be affected by interest-rate fluctuations for a certain period.」
The interest-bearing debt ratio declined from 46.6% in the previous fiscal year to 41.4%, and the policy of raising funds at fixed interest rates continues. - FY2016First statedAnnual report
「At the end of the consolidated fiscal year, interest-bearing debt accounted for 46.6% of total assets. The funds are currently raised mainly through long-term borrowings at fixed interest rates, so the company will not be affected by interest-rate fluctuations for a certain period. However, if funding costs have changed when the company refinances or otherwise raises funds, the Group’s operating performance could be affected.」
The financial structure of funding store-opening investments through borrowings, together with the risk of higher funding costs at refinancing, is shown with figures.