Credit, Market, Interest Rate and Liquidity Risks
First written in FY2016. 15 of 25 entries say "Mitigated", first in FY2019. Latest entry: 2026-11-09.
S E moved to the "Worse" side of this theme in 2017, 9 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 8 of 23 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026WorsenedAnnual report
「In addition, interest-bearing debt increased by ¥92 million from ¥5,502 million at the end of the previous consolidated fiscal year, while the equity ratio declined 1.4 percentage points from 44.0% to 42.6%, and the D/E ratio rose 0.04 from 0.49 to 0.53.」
Against the trend of declining financial exposure through the prior fiscal year, interest-bearing debt and the D/E ratio rose, while the equity ratio declined. - 2026-05-15WorsenedFinancial results presentation
「自己資本比率△1.4％低下、D/Eレシオ＋0.04増加」
当期純損失により純資産が減少し、自己資本比率とD/Eレシオが前年度末比で悪化している。 - FY2026-H1MitigatedAnnual report
「• Interest-bearing debt declined to ¥4,780 million, down ¥721 million from the end of the previous consolidated fiscal year. As a result, the ratio of interest-bearing debt to equity (D/E ratio) fell to 0.44, down 0.05 from the end of the previous consolidated fiscal year.」
Interest-bearing debt and the D/E ratio declined, reducing financial exposure related to interest rates and liquidity from the prior fiscal year-end. - FY2025MitigatedAnnual report
「In addition, interest-bearing debt declined by ¥572 million from ¥6,074 million at the end of the previous consolidated fiscal year, while the equity ratio rose 2.4 percentage points from 41.6% to 44.0%, and the D/E ratio fell 0.06 from 0.55 to 0.49.」
The decline in interest-bearing debt and the D/E ratio, together with the rise in the equity ratio, reduced financial exposure related to interest rates and liquidity. - FY2025-H1MitigatedAnnual report
「Interest-bearing debt declined to ¥5,358 million, down ¥715 million from the end of the previous consolidated fiscal year. As a result, the ratio of interest-bearing debt to equity (D/E ratio) fell to 0.50, down 0.06 from the end of the previous consolidated fiscal year.」
Interest-bearing debt and the D/E ratio declined from the prior fiscal year-end, reducing financial exposure related to interest rates and liquidity. - FY2024MitigatedAnnual report
「In addition, interest-bearing debt increased by ¥155 million from ¥5,919 million at the end of the previous consolidated fiscal year, while the equity ratio rose 0.8 percentage points from 40.7% to 41.6%, and the D/E ratio fell 0.02 from 0.57 to 0.55.」
Although the balance of interest-bearing debt increased, the equity ratio rose to 41.6% and the D/E ratio fell to 0.55, improving financial soundness indicators year on year. - FY2024-Q3MitigatedAnnual report
「Interest-bearing debt declined to ¥5,218 million, down ¥700 million from the end of the previous consolidated fiscal year. As a result, the ratio of interest-bearing debt to equity (D/E ratio) fell to 0.49, down 0.08 from the end of the previous consolidated fiscal year.」
Interest-bearing debt was reduced by ¥700 million from the prior fiscal year-end, lowering the D/E ratio to 0.49 and reducing financial exposure related to interest rates and liquidity. - FY2024-Q1MitigatedAnnual report
「• Interest-bearing debt declined to ¥5,511 million, down ¥407 million from the end of the previous consolidated fiscal year. As a result, the ratio of interest-bearing debt to equity (D/E ratio) fell to 0.55, down 0.02 from the end of the previous consolidated fiscal year.」
Interest-bearing debt was reduced by ¥407 million from the prior fiscal year-end, lowering the D/E ratio to 0.55 and reducing financial exposure related to interest rates and liquidity. - FY2023WorsenedAnnual report
「Interest-bearing debt increased by ¥1,205 million from ¥4,713 million at the end of the previous consolidated fiscal year, while the equity ratio declined 1.2 percentage points from 41.9% to 40.7%, and the D/E ratio also deteriorated by 0.09 to 0.57.」
Interest-bearing debt and the D/E ratio rose with growth investment and higher working capital, resulting in a deterioration from the decline in financial exposure through the prior fiscal year. - FY2023-Q3WorsenedAnnual report
「• Interest-bearing debt increased to ¥5,554 million, up ¥840 million from the end of the previous consolidated fiscal year. As a result, the ratio of interest-bearing debt to equity (D/E ratio) rose to 0.56, up 0.08 from the end of the previous consolidated fiscal year.」
Interest-bearing debt increased by ¥840 million from the prior fiscal year-end, and the D/E ratio also rose to 0.56, resulting in a deterioration from the decline in financial exposure through the prior fiscal year. - FY2023-Q2WorsenedAnnual report
「Interest-bearing debt was ¥4,798 million, up ¥85 million from the end of the previous consolidated fiscal year. As a result, the ratio of interest-bearing debt to equity (D/E ratio) was 0.49, up 0.02 from the end of the previous consolidated fiscal year.」
Interest-bearing debt increased by ¥85 million from the prior fiscal year-end, and the D/E ratio also rose to 0.49, marking a slight deterioration from the decline in financial exposure through the prior fiscal year. - FY2023-Q1MitigatedAnnual report
「Interest-bearing debt was ¥4,353 million, down ¥360 million from the end of the previous consolidated fiscal year. As a result, the ratio of interest-bearing debt to equity (D/E ratio) was 0.45, down 0.02 from the end of the previous consolidated fiscal year.」
Interest-bearing debt was reduced by ¥360 million from the end of the previous fiscal year, and the D/E ratio declined to 0.45. The reduction in financial exposure to interest rate and liquidity risk continued. - FY2022MitigatedAnnual report
「Interest-bearing debt decreased by ¥869 million from ¥5,583 million at the end of the previous consolidated fiscal year. The equity ratio improved by 4.7 percentage points, from 37.2% to 41.9%, and the D/E ratio also improved by 0.16 to 0.48.」
Lower interest-bearing debt, a higher equity ratio and a lower D/E ratio reduced financial exposure to interest rate and liquidity risk. The maximum maturity of borrowings and bonds also shortened to 9 years. - FY2022-Q3AdvancedAnnual report
「Interest-bearing debt was ¥4,714 million, down ¥868 million from the end of the previous consolidated fiscal year. As a result, the ratio of interest-bearing debt to equity (D/E ratio) was 0.49, down 0.15 from the end of the previous consolidated fiscal year.」
Interest-bearing debt decreased by ¥868 million from the end of the previous fiscal year, and the D/E ratio also declined to 0.49. - FY2022-Q2MitigatedAnnual report
「Interest-bearing debt was ¥5,028 million, down ¥554 million from the end of the previous consolidated fiscal year. As a result, the ratio of interest-bearing debt to equity (D/E ratio) was 0.54, down 0.10 from the end of the previous consolidated fiscal year.」
Interest-bearing debt decreased by ¥554 million from the end of the previous fiscal year and the D/E ratio declined to 0.54, reducing financial exposure to interest rate and liquidity risk. - FY2022-Q1MitigatedAnnual report
「Interest-bearing debt was ¥5,554 million, down ¥28 million from the end of the previous consolidated fiscal year. As a result, the ratio of interest-bearing debt to equity (D/E ratio) was 0.61, down 0.03 from the end of the previous consolidated fiscal year.」
Interest-bearing debt decreased by ¥28 million from the end of the previous fiscal year, and the D/E ratio also declined to 0.61. - FY2021RestatedAnnual report
「The maturity dates of borrowings and bonds extend up to 10 years after the balance sheet date. Some borrowings are exposed to interest rate fluctuation risk.」
The company continues to disclose a maximum maturity of 10 years with regard to interest rate and liquidity risk. - FY2020MitigatedAnnual report
「The maturity dates of borrowings and bonds extend up to 10 years after the balance sheet date. Some borrowings are exposed to interest rate fluctuation risk.」
The maximum maturity has shortened to 10 years from 11 years disclosed in the previous fiscal year, reducing the duration of interest rate and liquidity exposure. - FY2019MitigatedAnnual report
「The maturity dates of borrowings and bonds extend up to 11 years after the balance sheet date. Some borrowings are exposed to interest rate fluctuation risk.」
The maximum maturity has shortened to 11 years from 12 years in the previous fiscal year. Interest rate fluctuation risk itself continues to be disclosed. - FY2018WorsenedAnnual report
「The maturity dates of borrowings and bonds extend up to 12 years after the balance sheet date. Some borrowings are exposed to interest rate fluctuation risk.」
The maximum maturity of borrowings and bonds has extended to 12 years, from 10 years disclosed in the previous fiscal year. - FY2017WorsenedAnnual report
「The maturity dates of borrowings and bonds extend up to 10 years after the balance sheet date. Some borrowings are exposed to interest rate fluctuation risk.」
The company states that the maximum maturity of borrowings and bonds is 10 years after the balance sheet date, indicating long-term interest rate and liquidity exposure. - FY2016First statedAnnual report
「The maturity dates of borrowings and bonds extend up to 6 years after the balance sheet date. Some borrowings are exposed to interest rate fluctuation risk.」
The company identifies credit risk on trade receivables, price fluctuation risk on investment securities, interest rate fluctuation risk on borrowings, and liquidity risk that could lead to default, and manages them through credit management, interest rate swaps and cash flow planning.