Dependence on interest-bearing debt and interest rate and financial covenant risks
First written in FY2016. 23 of 35 entries say "Mitigated", first in FY2017. Latest entry: 2026-11-12.
The whole theme swung hardest in 2020: 65 of 141 companies on the "Worse" side.
74 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Long-term borrowings amounted to ¥477,812 thousand, a decrease of ¥105,584 thousand from the end of the previous consolidated fiscal year.」
Long-term borrowings decreased by ¥105,584 thousand, reducing exposure to interest-bearing debt. - 2026-05-14MitigatedResults
「これは主に、買掛金が22,106千円、長期借入金が57,002千円減少した一方で、賞与引当金が25,262千円、流動負債その他が40,835千円、長期預り保証金が25,721千円増加したことによるものであります。」
長期借入金が前連結会計年度末から57,002千円減少し、有利子負債エクスポージャーの縮小を示している。 - FY2025MitigatedAnnual report
「Interest-bearing debt included in total assets, comprising current maturities of long-term borrowings and long-term borrowings, accounted for 21.5% in the fiscal year ended December 2024 and 19.7% in the fiscal year ended December 2025.」
The interest-bearing debt ratio declined from 21.5% to 19.7%, reducing exposure to rising interest rates and other factors. - FY2025-H1MitigatedAnnual report
「This was due to increases of ¥31,014 thousand in current maturities of long-term borrowings and ¥44,772 thousand in long-term security deposits received, while accounts payable decreased by ¥36,444 thousand, income taxes payable by ¥20,202 thousand and long-term borrowings by ¥107,915 thousand.」
Long-term borrowings decreased by ¥107,915 thousand, reducing exposure to interest-bearing debt. Current maturities of long-term borrowings increased. - FY2024MitigatedAnnual report
「Interest-bearing debt included in total assets, comprising current maturities of long-term borrowings and long-term borrowings, accounted for 24.7% in the fiscal year ended December 2023 and 21.5% in the fiscal year ended December 2024.」
The interest-bearing debt ratio declined from 24.7% to 21.5%, reducing exposure to rising interest rates and other factors. - FY2024-H1MitigatedAnnual report
「Current maturities of long-term borrowings decreased by ¥50,833 thousand and long-term borrowings by ¥68,148 thousand.」
Current maturities of long-term borrowings and long-term borrowings declined from the end of the previous consolidated fiscal year, reducing exposure to interest-bearing debt. - FY2024-Q1MitigatedAnnual report
「Current maturities of long-term borrowings decreased by ¥37,500 thousand and long-term borrowings by ¥36,912 thousand.」
Current maturities of long-term borrowings and long-term borrowings declined from the end of the previous consolidated fiscal year, reducing exposure to interest-bearing debt. - FY2023MitigatedAnnual report
「Interest-bearing debt included in total assets, comprising current maturities of long-term borrowings, long-term borrowings, lease obligations and other interest-bearing debt, accounted for 26.5% in the fiscal year ended December 2022 and 24.7% in the fiscal year ended December 2023.」
The interest-bearing debt ratio declined from 26.5% to 24.7%, reducing exposure to rising interest rates and other factors. - FY2023-Q3MitigatedAnnual report
「Current maturities of long-term borrowings decreased by ¥43,077 thousand, income taxes payable by ¥83,061 thousand and long-term borrowings by ¥56,435 thousand.」
Current maturities of long-term borrowings and long-term borrowings declined from the end of the previous consolidated fiscal year, reducing exposure to interest-bearing debt. - FY2023-Q2MitigatedAnnual report
「Current maturities of long-term borrowings decreased by ¥37,897 thousand and long-term borrowings by ¥108,841 thousand.」
Current maturities of long-term borrowings and long-term borrowings declined through June 2023, reducing exposure to interest-bearing debt. - FY2023-Q1MitigatedAnnual report
「Current maturities of long-term borrowings decreased by ¥13,730 thousand and long-term borrowings by ¥66,088 thousand.」
Long-term borrowings declined from the end of the previous consolidated fiscal year, reducing exposure to interest-bearing debt. - FY2022MitigatedAnnual report
「Interest-bearing debt included in total assets, comprising current maturities of long-term borrowings, long-term borrowings, lease obligations and other interest-bearing debt, accounted for 33.2% in the fiscal year ended December 2021 and 26.5% in the fiscal year ended December 2022.」
The interest-bearing debt ratio declined from 33.2% to 26.5%, reducing exposure to rising interest rates and other factors. - FY2022-Q3MitigatedAnnual report
「Current maturities of long-term borrowings increased by ¥29,773 thousand, other current liabilities by ¥70,011 thousand and long-term security deposits received by ¥93,951 thousand, while income taxes payable decreased by ¥152,054 thousand and long-term borrowings by ¥203,455 thousand.」
Long-term borrowings decreased by ¥203,455 thousand from the end of the previous consolidated fiscal year, reducing exposure to interest-bearing debt. - FY2022-Q2MitigatedAnnual report
「This was due to increases of ¥31,230 thousand in current maturities of long-term borrowings and ¥70,283 thousand in long-term security deposits received, while income taxes payable decreased by ¥93,963 thousand, other current liabilities by ¥107,834 thousand and long-term borrowings by ¥143,618 thousand.」
Long-term borrowings decreased by ¥143,618 thousand from the end of the previous consolidated fiscal year, reducing exposure to interest-bearing debt. - FY2022-Q1MitigatedAnnual report
「Long-term borrowings decreased by ¥77,114 thousand.」
Long-term borrowings decreased by ¥77,114 thousand from the end of the previous consolidated fiscal year, partially reducing exposure to interest-bearing debt. - FY2021MitigatedAnnual report
「Interest-bearing debt included in total assets, comprising current maturities of long-term borrowings, long-term borrowings, lease obligations and other interest-bearing debt, accounted for 34.1% in the fiscal year ended December 2020 and 33.2% in the fiscal year ended December 2021.」
The interest-bearing debt ratio declined from 34.1% to 33.2%, slightly reducing exposure to rising interest rates and other factors. - FY2021-Q3Increase in outstanding borrowingsAnnual report
「This was mainly due to increases of ¥54,801 thousand in current maturities of long-term borrowings, ¥98,088 thousand in income taxes payable and ¥134,489 thousand in long-term borrowings, while other current liabilities decreased by ¥163,721 thousand.」
Current maturities of long-term borrowings and long-term borrowings increased from the end of the previous consolidated fiscal year, disclosing changes in the outstanding exposure to interest-bearing debt. - FY2021-Q2MitigatedAnnual report
「This was mainly due to an increase of ¥51,475 thousand in income taxes payable, while long-term borrowings decreased by ¥84,787 thousand, accounts payable by ¥17,596 thousand and other current liabilities by ¥124,025 thousand.」
Long-term borrowings decreased by ¥84,787 thousand from the end of the previous consolidated fiscal year, partially reducing exposure to interest-bearing debt. - FY2021-Q1MitigatedAnnual report
「This was mainly due to decreases of ¥72,211 thousand in other current liabilities and ¥44,167 thousand in long-term borrowings.」
Long-term borrowings decreased by ¥44,167 thousand from the end of the previous consolidated fiscal year, partially reducing exposure to interest-bearing debt. - FY2020WorsenedAnnual report
「Interest-bearing debt included in total assets, comprising current maturities of long-term borrowings, long-term borrowings, lease obligations and other interest-bearing debt, accounted for 23.8% in the fiscal year ended December 2019 and 34.1% in the fiscal year ended December 2020.」
The interest-bearing debt ratio rose from 23.8% to 34.1%, increasing exposure to rising interest rates and other factors. - FY2020-Q3WorsenedAnnual report
「Long-term borrowings increased by ¥733,232 thousand as a result of borrowings executed.」
Long-term borrowings increased by ¥733,232 thousand from the end of the previous consolidated fiscal year as a result of borrowings, including financing undertaken in preparation for the impact of the infectious disease, increasing exposure to interest-bearing debt. - FY2020-Q2WorsenedAnnual report
「Long-term borrowings increased by ¥217,419 thousand as a result of financing undertaken in preparation for the impact of the novel coronavirus disease.」
Long-term borrowings increased as a result of financing undertaken in preparation for the impact of the infectious disease, increasing exposure to interest-bearing debt once again. - FY2020-Q1MitigatedAnnual report
「This was mainly due to decreases of ¥19,549 thousand in current maturities of long-term borrowings, ¥29,545 thousand in income taxes payable, ¥69,403 thousand in other current liabilities and ¥51,784 thousand in long-term borrowings.」
Current maturities of long-term borrowings and long-term borrowings declined from the end of the previous consolidated fiscal year, reducing the outstanding interest-bearing debt balance. - FY2019WorsenedAnnual report
「Interest-bearing debt included in total assets, comprising current maturities of long-term borrowings, long-term borrowings, lease obligations and other interest-bearing debt, accounted for 6.4% in the fiscal year ended December 2018 and 23.8% in the fiscal year ended December 2019.」
The interest-bearing debt ratio rose from 6.4% to 23.8%, increasing exposure to the risks of rising interest rates and financial covenant breaches. - FY2019-Q3Increase in Interest-Bearing Debt BalanceAnnual report
「Current maturities of long-term borrowings 111,093 231,834 Long-term borrowings 82,556 548,709」
From the end of the previous consolidated fiscal year, current maturities of long-term borrowings increased from ¥111,093 thousand to ¥231,834 thousand, and long-term borrowings increased from ¥82,556 thousand to ¥548,709 thousand. No additional disclosure was made regarding the risks of rising interest rates and other factors. - FY2018MitigatedAnnual report
「Interest-bearing debt included in total assets, comprising current maturities of long-term borrowings and long-term borrowings, accounted for 10.8% in the fiscal year ended December 2017 and 6.4% in the fiscal year ended December 2018.」
The interest-bearing debt ratio declined from 10.8% to 6.4%. The risks of rising interest rates and financial covenant breaches continue to be disclosed. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes concerning the occurrence of matters that could have a material impact on investors' decisions among the matters relating to the business and financial conditions described in the quarterly report, or concerning the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes in existing risks, including dependence on interest-bearing debt and interest rate and financial covenant risks. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
States that there have been no material changes in existing risks, including dependence on interest-bearing debt and interest rate and financial covenant risks. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes concerning the occurrence of matters that could have a material impact on investors' decisions among the matters relating to the business and financial conditions described in the quarterly report, or concerning the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes in existing risks, including dependence on interest-bearing debt and interest rate and financial covenant risks. - FY2017MitigatedAnnual report
「Interest-bearing debt as a percentage of total assets was 16.1% in the fiscal year ended December 2016 and 10.8% in the fiscal year ended December 2017.」
Discloses that the interest-bearing debt ratio declined from 16.1% to 10.8%. The risks of rising interest rates and financial covenant breaches continue to be disclosed. - FY2017-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no material changes in the matters described in the quarterly securities report concerning the status of the business, financial position, or other matters that could materially affect investors’ decisions, nor in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding dependence on interest-bearing debt and interest rate and financial covenant risks. - FY2017-Q1RestatedAnnual report
「There were no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
States collectively that there have been no material changes regarding dependence on interest-bearing debt and interest rate and financial covenant risks. - FY2016First statedAnnual report
「Interest-bearing debt as a percentage of total assets was 27.6% in the fiscal year ended December 2015 and 16.1% in the fiscal year ended December 2016. If interest rates on interest-bearing debt rise in the future, this could affect the performance of the Group.」
Quantifies the interest-bearing debt ratio and indicates the potential impact of rising interest rates and breaches of financial covenants.