Interest-Bearing Debt and Risk of Rising Borrowing Rates
First written in FY2017. 15 of 27 entries say "Worsened", first in FY2018. Latest entry: 2026-09-11.
Maruchiyo Yamaokaya 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".
- 2026-09-11MitigatedEarnings
「負債の増減の主な内訳は、未払金423,705千円の減少、長期借入金(１年内を含む)278,457千円の減少、社債(１年内を含む)69,000千円の減少であります。」
長期借入金および社債が減少し、有利子負債エクスポージャーが低下した。 - FY2026MitigatedAnnual report
「Interest-bearing debt (¥ thousands) (Note) 2,983,924 2,547,199 1,873,835 (Ratio to total assets) 26.7% 17.6% 10.2%」
Interest-bearing debt decreased to ¥1,873.835 million and its ratio to total assets fell to 10.2%, reducing exposure to the risk of higher interest rates. - 2026-03-16MitigatedEarnings
「Cash flow to interest-bearing debt ratio 2.8 2.4 1.2 0.9 0.4」
The cash flow to interest-bearing debt ratio declined from 0.9 in the previous fiscal year to 0.4, reducing exposure of interest-bearing debt relative to cash flow. - FY2026-H1MitigatedAnnual report
「The main changes in liabilities were decreases of ¥171.496 million in accounts payable, ¥222.578 million in long-term borrowings, including the portion due within one year, and ¥284.000 million in bonds, including the portion due within one year.」
Long-term borrowings and bonds decreased during the interim period, reducing debt exposure related to higher borrowing costs and other factors. - FY2025MitigatedAnnual report
「Interest-bearing debt (¥ thousands) (Note) 3,294,914 2,983,924 2,547,199 (Ratio to total assets) 38.9% 26.7% 17.6%」
Interest-bearing debt declined to ¥2,547.199 million and its ratio to total assets fell to 17.6%, reducing debt exposure. - FY2024MitigatedAnnual report
「Interest-bearing debt (¥ thousands) (Note) 2,697,399 3,294,914 2,983,924 (Ratio to total assets) 40.2% 38.9% 26.7%」
Interest-bearing debt decreased from ¥3,294.914 million in the previous fiscal year to ¥2,983.924 million, while its ratio to total assets declined from 38.9% to 26.7%. - FY2024-Q3MitigatedAnnual report
「Long-term borrowings due for repayment within one year 666,892 656,756 Long-term borrowings 1,554,290 1,518,910 Bonds 640,000 613,000」
The balances of long-term borrowings due for repayment within one year, long-term borrowings and bonds all declined from the end of the previous fiscal year, reducing interest-bearing debt exposure related to higher interest rates. - FY2024-Q2WorsenedAnnual report
「Liabilities totaled ¥6,552.787 million, an increase of ¥551.703 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥169.858 million in accounts payable and ¥137.826 million in long-term borrowings, including the portion due within one year.」
Liabilities and long-term borrowings increased from the end of the previous fiscal year, expanding debt exposure related to higher borrowing costs and other factors. - FY2024-Q1WorsenedAnnual report
「Liabilities totaled ¥6,734.057 million, an increase of ¥732.973 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥156.929 million in accounts payable, ¥117.000 million in short-term borrowings and ¥339.998 million in long-term borrowings, including the portion due within one year.」
Liabilities increased by ¥732.973 million from the end of the previous fiscal year, while short-term and long-term borrowings also increased. Debt exposure related to higher borrowing costs and other factors expanded. - FY2023Update to the balance and ratio of interest-bearing debtAnnual report
「Interest-bearing debt (¥ thousands) (Note) 2,828,769 2,697,399 3,294,914 (Ratio to total assets) 43.9% 40.2% 38.9%」
Interest-bearing debt increased from ¥2,697.399 million to ¥3,294.914 million, while its ratio to total assets declined from 40.2% to 38.9%. - FY2023-Q3WorsenedAnnual report
「Liabilities totaled ¥5,825.285 million, an increase of ¥1,350.640 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥184.891 million in accounts payable and ¥814.544 million in long-term borrowings, including the portion due within one year.」
Liabilities increased by ¥1,350.640 million from the end of the previous fiscal year, while long-term borrowings also increased by ¥814.544 million, expanding debt exposure related to higher borrowing costs and other factors. - FY2023-Q2WorsenedAnnual report
「Liabilities totaled ¥5,679.060 million, an increase of ¥1,204.415 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥212.540 million in accounts payable and ¥701.968 million in long-term borrowings, including the portion due within one year.」
Liabilities increased by ¥1,204.415 million from the end of the previous fiscal year, while long-term borrowings also increased by ¥701.968 million, expanding debt exposure related to higher borrowing costs and other factors. - FY2023-Q1WorsenedAnnual report
「Liabilities totaled ¥5,213.716 million, an increase of ¥739.072 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥122.000 million in short-term borrowings and ¥474.954 million in long-term borrowings, including the portion due within one year.」
Liabilities increased by ¥739.072 million from the end of the previous fiscal year, while short-term and long-term borrowings also increased, expanding exposure to interest-bearing debt and the risk of higher interest rates. - FY2022MitigatedAnnual report
「As of the fiscal year ended January 2022, interest-bearing debt stood at ¥2,697.399 million, equivalent to 40.2% of total assets.」
Interest-bearing debt decreased from ¥2,828.769 million to ¥2,697.399 million, while its ratio to total assets declined from 43.9% to 40.2%. - FY2022-Q3WorsenedAnnual report
「Liabilities totaled ¥4,681.495 million, an increase of ¥150.359 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥73.196 million in accounts payable and ¥207.902 million in long-term borrowings, including the portion due within one year.」
Liabilities increased by ¥150.359 million from the end of the previous fiscal year, while long-term borrowings also increased by ¥207.902 million. Debt exposure related to higher borrowing costs and other factors expanded. - FY2022-Q2WorsenedAnnual report
「Liabilities totaled ¥4,707.020 million, an increase of ¥175.884 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥119.893 million in accounts payable and ¥64.662 million in long-term borrowings, including the portion due within one year.」
Liabilities increased by ¥175.884 million from the end of the previous fiscal year, while long-term borrowings also increased by ¥64.662 million. Debt exposure related to higher borrowing costs and other factors expanded. - FY2022-Q1WorsenedAnnual report
「Liabilities totaled ¥5,058.615 million, an increase of ¥527.479 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥100.000 million in short-term borrowings, ¥216.386 million in long-term borrowings and ¥235.000 million in bonds.」
Liabilities increased by ¥527.479 million from the end of the previous fiscal year, while short-term borrowings, long-term borrowings and bonds also increased. Debt exposure related to higher borrowing costs and other factors expanded. - FY2021Update to the balance and ratio of interest-bearing debtAnnual report
「As of the fiscal year ended January 2021, interest-bearing debt stood at ¥2,828.769 million, equivalent to 43.9% of total assets.」
Interest-bearing debt increased from ¥2,703.870 million in the previous fiscal year to ¥2,828.769 million, while the ratio to total assets declined from 44.4% to 43.9%. The risk of higher interest rates remains. - FY2021-Q3WorsenedAnnual report
「Liabilities totaled ¥4,721.454 million, an increase of ¥403.789 million from the end of the previous fiscal year. The main change in liabilities was an increase of ¥289.686 million in long-term borrowings.」
Liabilities increased by ¥403.789 million from the end of the previous fiscal year, while long-term borrowings also increased by ¥289.686 million. Debt exposure related to higher borrowing costs and other factors expanded. - FY2021-Q2WorsenedAnnual report
「Liabilities totaled ¥4,716.413 million, an increase of ¥398.749 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥426.804 million in long-term borrowings and ¥205.000 million in bonds, and a decrease of ¥105.155 million in accounts payable.」
Liabilities increased by ¥398.749 million from the end of the previous fiscal year, while long-term borrowings and bonds also increased. - FY2021-Q1WorsenedAnnual report
「Liabilities totaled ¥4,376.620 million, an increase of ¥58.956 million from the end of the previous fiscal year. The main changes in liabilities were an increase of ¥210.156 million in long-term borrowings and a decrease of ¥115.186 million in accounts payable.」
Liabilities increased by ¥58.956 million from the end of the previous fiscal year, while long-term borrowings also increased by ¥210.156 million. - FY2020-Q3WorsenedAnnual report
「Liabilities totaled ¥4,250.396 million, an increase of ¥161.214 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥97.498 million in accounts payable and ¥235.000 million in bonds, and a decrease of ¥102.535 million in long-term borrowings, including the portion due for repayment within one year.」
Total liabilities and bonds increased from the end of the previous fiscal year, expanding debt exposure related to higher interest rates and other factors. - FY2020-Q2WorsenedAnnual report
「Liabilities totaled ¥4,307.589 million, an increase of ¥218.408 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥120.678 million in accounts payable and ¥120.000 million in bonds, including bonds due for redemption within one year.」
Liabilities increased by ¥218.408 million from the end of the previous fiscal year, while bonds also increased by ¥120.000 million. - FY2020-Q1WorsenedAnnual report
「Liabilities totaled ¥4,464.694 million, an increase of ¥375.512 million from the end of the previous fiscal year. The main changes in liabilities were increases of ¥105.000 million in short-term borrowings and ¥267.415 million in long-term borrowings.」
Short-term and long-term borrowings increased from the end of the previous fiscal year, expanding borrowing exposure. - FY2019MitigatedAnnual report
「As of the fiscal year ended January 2019, interest-bearing debt stood at ¥2,702.038 million, equivalent to 48.4% of total assets.」
Interest-bearing debt decreased from ¥2,840.995 million, or 52.0%, in the previous fiscal year to ¥2,702.038 million, or 48.4%, reducing debt exposure. - FY2018WorsenedAnnual report
「As of the fiscal year ended January 2018, interest-bearing debt stood at ¥2,840.995 million, equivalent to 52.0% of total assets.」
Interest-bearing debt increased from ¥2,572.941 million, or 50.0%, in the previous fiscal year to ¥2,840.995 million, or 52.0%, expanding exposure to the risk of higher interest rates. - FY2017First statedAnnual report
「As of the fiscal year ended January 2017, interest-bearing debt stood at ¥2,572.941 million, equivalent to 50.0% of total assets. Although low interest rates have persisted in recent years, the company's performance may be affected if borrowing costs begin to rise in the future.」
The company states that store openings are funded through borrowings, presents the balance of interest-bearing debt and its ratio to total assets, and discloses the risk of higher interest rates.