Liquidity and Interest Rate Risk on Borrowings
First written in FY2017. 29 of 37 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-08-06.
Forlife moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2017: 3 of 11 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In addition, factors materially affecting the company's operating performance include rising interest rates and financial institutions' increasingly restrictive stance on real estate lending. Financial institutions' increasingly restrictive stance on real estate lending could affect the company's ability to raise funds for land acquisitions and become a bottleneck to its growth.」
Rising interest rates and financial institutions' increasingly restrictive lending stance were identified as constraints on financing land acquisitions and growth. Short-term borrowings increased by ¥636.75 million from the end of the previous fiscal year. - FY2026-H1WorsenedAnnual report
「Current liabilities at the end of the interim accounting period were ¥6,341.11 million, an increase of ¥808.189 million from the end of the previous fiscal year. This was mainly due to a ¥918.5 million increase in short-term borrowings, partly offset by a ¥183.747 million decrease in income taxes payable.」
Short-term borrowings increased by ¥918.5 million, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2025WorsenedAnnual report
「Factors materially affecting the company's operating performance include rising interest rates and financial institutions' increasingly restrictive stance on real estate lending. Financial institutions' increasingly restrictive stance on real estate lending could affect the company's ability to raise funds for land acquisitions and become a bottleneck to its growth.」
Rising interest rates and financial institutions' increasingly restrictive stance on real estate lending were identified as constraints on financing land acquisitions and growth. Short-term borrowings also increased by ¥1,328.5 million from the end of the previous fiscal year. - FY2025-H1WorsenedAnnual report
「Current liabilities at the end of the interim accounting period were ¥5,533.491 million, an increase of ¥1,688.939 million from the end of the previous fiscal year. This was mainly due to increases of ¥1,509.5 million in short-term borrowings and ¥137.128 million in income taxes payable.」
Short-term borrowings increased by ¥1,509.5 million, expanding exposure to liquidity and interest rate risk associated with borrowings from the end of the previous fiscal year. - FY2024-Q3MitigatedAnnual report
「Current liabilities at the end of the third quarter stood at ¥4,016.027 million, a decrease of ¥689.741 million from the end of the previous fiscal year. This was mainly because short-term borrowings decreased by ¥561.5 million and accounts payable decreased by ¥125.357 million.」
The decrease in short-term borrowings reduced exposure to liquidity and interest rate risk associated with borrowings from the end of the previous fiscal year. - FY2024-Q2MitigatedAnnual report
「Current liabilities were ¥4,389.581 million, a decrease of ¥316.187 million from the end of the previous fiscal year. This was mainly due to decreases of ¥280.5 million in short-term borrowings and ¥90.984 million in accounts payable, partly offset by a ¥42.564 million increase in long-term borrowings due within one year.」
Short-term borrowings decreased by ¥280.5 million and long-term borrowings decreased by ¥125.382 million, reducing exposure to liquidity and interest rate risk associated with borrowings from the previous quarter. - FY2024-Q1WorsenedAnnual report
「Current liabilities at the end of the first quarter accounting period were ¥4,881.403 million, an increase of ¥175.634 million from the end of the previous fiscal year. This was mainly due to a ¥204 million increase in short-term borrowings, partly offset by a ¥61.535 million decrease in accounts payable.」
Short-term borrowings increased by ¥204 million, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2023WorsenedAnnual report
「Current liabilities at the end of the fiscal year were ¥4,705.768 million, an increase of ¥782.308 million from the end of the previous fiscal year. This was mainly due to increases of ¥770 million in short-term borrowings and ¥161.56 million in long-term borrowings due within one year, partly offset by a ¥145.669 million decrease in income taxes payable.」
Increases in short-term borrowings and long-term borrowings due within one year expanded exposure to liquidity and interest rate risk. - FY2023-Q3WorsenedAnnual report
「Current liabilities at the end of the third quarter stood at ¥4,734.973 million, an increase of ¥811.513 million from the end of the previous fiscal year. This was mainly because short-term borrowings increased by ¥951 million, while income taxes payable and other liabilities decreased by ¥153.420 million.」
The increase in short-term borrowings further expanded exposure to liquidity and interest rate risk associated with borrowings. - FY2023-Q2WorsenedAnnual report
「Current liabilities at the end of the second quarter accounting period were ¥4,233.566 million, an increase of ¥310.106 million from the end of the previous fiscal year. This was mainly due to a ¥438 million increase in short-term borrowings, partly offset by decreases of ¥86.676 million in income taxes payable and ¥73.383 million in accounts payable.」
Short-term borrowings increased by ¥438 million from the end of the previous fiscal year, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2023-Q1WorsenedAnnual report
「This was mainly due to increases of ¥76.5 million in short-term borrowings and ¥40.56 million in long-term borrowings due within one year, partly offset by decreases of ¥119.773 million in income taxes payable and ¥84.168 million in accounts payable. Non-current liabilities were ¥557.721 million, an increase of ¥125.863 million from the end of the previous fiscal year. This was mainly due to a ¥126.009 million increase in long-term borrowings.」
Short-term borrowings, long-term borrowings due within one year, and long-term borrowings increased, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2022WorsenedAnnual report
「Current liabilities were ¥3,923.46 million, an increase of ¥777.582 million from the end of the previous fiscal year. This was mainly due to increases of ¥702 million in short-term borrowings and ¥105.241 million in accounts payable.」
Short-term borrowings increased by ¥702 million, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2022-Q3WorsenedAnnual report
「Current liabilities at the end of the third quarter accounting period were ¥3,774.867 million, an increase of ¥628.989 million from the end of the previous fiscal year. This was mainly due to a ¥742 million increase in short-term borrowings, partly offset by a ¥71.234 million decrease in income taxes payable.」
Short-term borrowings increased by ¥742 million from the end of the previous fiscal year, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2022-Q2WorsenedAnnual report
「Current liabilities at the end of the second quarter accounting period were ¥3,449.689 million, an increase of ¥303.811 million from the end of the previous fiscal year. This was mainly due to a ¥370 million increase in short-term borrowings, partly offset by a ¥45.627 million decrease in income taxes payable.」
Short-term borrowings increased by ¥370 million from the end of the previous fiscal year, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2022-Q1WorsenedAnnual report
「Current liabilities at the end of the first quarter accounting period were ¥3,144.002 million, a decrease of ¥1.875 million from the end of the previous fiscal year. This was mainly due to decreases of ¥109.138 million in income taxes payable, ¥67.781 million in accounts payable, and ¥39.3 million in provision for bonuses, partly offset by a ¥190 million increase in short-term borrowings.」
Short-term borrowings increased by ¥190 million, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2021WorsenedAnnual report
「Current liabilities at the end of the fiscal year were ¥3,145.877 million, an increase of ¥664.404 million from the end of the previous fiscal year. This was mainly due to increases of ¥402 million in short-term borrowings, ¥120.204 million in long-term borrowings due within one year, and ¥67.449 million in income taxes payable.」
In addition to short-term borrowings, long-term borrowings and long-term borrowings due within one year increased, expanding exposure to liquidity and interest rate risk associated with borrowings. Interest-bearing debt stood at ¥2,803.049 million. - FY2021-Q3WorsenedAnnual report
「This was mainly due to increases of ¥120.204 million in long-term borrowings due within one year and ¥65.976 million in advances received, partly offset by decreases of ¥34.764 million in income taxes payable, ¥30.876 million in provision for bonuses, and ¥29 million in short-term borrowings. Non-current liabilities were ¥678.124 million, an increase of ¥496.983 million from the end of the previous fiscal year. This was mainly due to a ¥549.66 million increase in long-term borrowings.」
Short-term borrowings decreased by ¥29 million, while long-term borrowings due within one year increased by ¥120.204 million and long-term borrowings increased by ¥549.66 million, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2021-Q2WorsenedAnnual report
「This was mainly due to increases of ¥222 million in short-term borrowings and ¥120.204 million in long-term borrowings due within one year, partly offset by decreases of ¥95.88 million in accounts payable and ¥29.265 million in income taxes payable. Non-current liabilities were ¥712.213 million, an increase of ¥531.072 million from the end of the previous fiscal year. This was mainly due to a ¥573.027 million increase in long-term borrowings.」
In addition to short-term borrowings, long-term borrowings due within one year and long-term borrowings increased, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2021-Q1WorsenedAnnual report
「Current liabilities at the end of the first quarter accounting period were ¥2,551.163 million, an increase of ¥69.69 million from the end of the previous fiscal year. This was mainly due to increases of ¥120.204 million in long-term borrowings due within one year and ¥56 million in short-term borrowings, partly offset by decreases of ¥61.577 million in income taxes payable and ¥52.448 million in advances received. Non-current liabilities were ¥773.011 million, an increase of ¥591.87 million from the end of the previous fiscal year. This was mainly due to a ¥603.078 million increase in long-term borrowings.」
In addition to short-term borrowings, long-term borrowings and long-term borrowings due within one year increased, expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2020WorsenedAnnual report
「Current liabilities were ¥2,481.473 million, an increase of ¥293.983 million from the end of the previous fiscal year. This was mainly due to a ¥49 million increase in short-term borrowings.」
Short-term borrowings increased by ¥49 million from the end of the previous fiscal year, expanding exposure to liquidity and interest rate risk associated with borrowings. In the following fiscal year, the company raised ¥750 million in long-term funding. - FY2020-Q3MitigatedAnnual report
「Current liabilities were ¥2,044.266 million, a decrease of ¥143.223 million from the end of the previous fiscal year. This was mainly due to decreases of ¥176 million in short-term borrowings, ¥24.918 million in provision for bonuses, and ¥20 million in bonds due within one year, partly offset by increases of ¥23.489 million in advances received, ¥20.52 million in accounts payable, and ¥16.912 million in income taxes payable.」
Short-term borrowings decreased by ¥176 million, and bonds due within one year also decreased by ¥20 million, reducing exposure to liquidity and interest rate risk associated with borrowings. - FY2020-Q2MitigatedAnnual report
「Current liabilities at the end of the second quarter accounting period were ¥2,160.029 million, a decrease of ¥27.46 million from the end of the previous fiscal year. This was mainly due to a ¥134 million decrease in short-term borrowings, partly offset by increases of ¥57.616 million in accounts payable and ¥40.746 million in income taxes payable.」
Short-term borrowings decreased by ¥134 million from the end of the previous fiscal year, reducing exposure to liquidity and interest rate risk associated with borrowings. - FY2020-Q1MitigatedAnnual report
「Current liabilities at the end of the first quarter accounting period were ¥2,129.005 million, a decrease of ¥58.485 million from the end of the previous fiscal year. This was mainly due to an ¥84.5 million decrease in short-term borrowings, partly offset by a ¥34.878 million increase in advances received.」
Short-term borrowings decreased by ¥84.5 million, reducing some of the exposure to liquidity and interest rate risk associated with borrowings. - FY2019WorsenedAnnual report
「Current liabilities at the end of the fiscal year were ¥2,187.49 million, an increase of ¥339.274 million from the end of the previous fiscal year. This was mainly due to a ¥362.5 million increase in short-term borrowings.」
Short-term borrowings increased by ¥362.5 million from the end of the previous fiscal year, further expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2019-Q3WorsenedAnnual report
「Current liabilities at the end of the third quarter accounting period were ¥2,081.293 million, an increase of ¥233.078 million from the end of the previous fiscal year. This was mainly due to increases of ¥261.5 million in short-term borrowings, ¥60 million in bonds due within one year as a result of the issuance of bonds, and ¥44.47 million in advances received, partly offset by decreases of ¥71.748 million in accounts payable and ¥40.213 million in income taxes payable due to tax payments.」
Short-term borrowings and bonds due within one year increased, further expanding exposure to liquidity and interest rate risk associated with borrowings. - FY2019-Q2WorsenedAnnual report
「Current liabilities at the end of the second quarter accounting period were ¥2,107.1 million, an increase of ¥258.884 million from the end of the previous fiscal year. This was mainly due to a ¥191.5 million increase in short-term borrowings and a ¥60 million increase in bonds due within one year as a result of the issuance of bonds」
Short-term borrowings increased by ¥191.5 million from the end of the previous fiscal year, and bonds due within one year also increased following the issuance of bonds, expanding exposure to liquidity and interest rate risk. - FY2019-Q1WorsenedAnnual report
「Current liabilities were ¥1,921.599 million, an increase of ¥73.383 million from the end of the previous fiscal year. This was mainly due to a ¥159 million increase in short-term borrowings.」
Short-term borrowings increased by ¥159 million from the end of the previous fiscal year, expanding exposure to liquidity and interest rate risk. - FY2018WorsenedAnnual report
「Current liabilities were ¥1,848.215 million, an increase of ¥711.634 million from the end of the previous fiscal year. This was mainly due to a ¥676.5 million increase in short-term borrowings, partly offset by a ¥79.056 million decrease in income taxes payable.」
Short-term borrowings increased by ¥676.5 million, from ¥500 million to ¥1,176.5 million, further expanding exposure to liquidity and interest rate risk. - FY2018-Q3WorsenedAnnual report
「This was mainly due to a ¥328 million increase in short-term borrowings, partly offset by a ¥119.269 million decrease in income taxes payable.」
Short-term borrowings increased by ¥328 million from the end of the previous fiscal year, expanding exposure to liquidity and interest rate risk associated with existing short-term borrowings. - FY2018-Q2WorsenedAnnual report
「The primary factor was an increase of ¥180 million in short-term borrowings, whereas」
Short-term borrowings increased by ¥180 million from the end of the previous fiscal year, expanding exposure to liquidity and interest rate risk relating to existing short-term borrowings. - FY2018-Q1WorsenedAnnual report
「The primary factor was an increase of ¥136 million in short-term borrowings.」
Short-term borrowings increased by ¥136 million, expanding exposure to liquidity and interest rate risk relating to existing short-term borrowings. No liquidity incident or actual rise in interest rates is disclosed. - FY2017First statedAnnual report
「Short-term borrowings are used mainly to finance the acquisition of properties for business purposes in the subdivision housing business. Because these borrowings are exposed to liquidity risk on repayment or interest payment dates」
The disclosure identifies liquidity risk at the time of repayment and interest payments, as well as interest rate risk arising from floating rates, for short-term borrowings used mainly to acquire land.