Reliance on Interest-Bearing Debt and Financing Conditions
First written in FY2017. 14 of 29 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-10-15.
Tkp 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".
- 2026-10-15MitigatedFinancial results briefing materials
「約35億円の自己株式取得、有利子負債の返済により、バランスシートの圧縮が進んだ。」
有利子負債残高が前期末の79,122百万円から77,883百万円へ減少し、負債エクスポージャーの低減を示している。 - FY2027-H1MitigatedAnnual report
「At the end of the current interim consolidated accounting period, non-current liabilities had decreased by ¥3,722 million from the end of the previous consolidated fiscal year to ¥66,641 million. The main factor was a ¥3,472 million decrease in long-term borrowings.」
Non-current liabilities and long-term borrowings decreased from the end of the previous fiscal year, reducing exposure to interest-bearing debt. Meanwhile, short-term borrowings increased by ¥1,770 million. - FY2026WorsenedAnnual report
「Non-current liabilities at the end of the current consolidated fiscal year increased by ¥26,992 million from the end of the previous consolidated fiscal year to ¥70,140 million. The main factor was an increase of ¥26,182 million in long-term borrowings.」
Non-current liabilities and long-term borrowings increased substantially in connection with the consolidation of エスクリ and growth investments, causing exposure to interest-bearing debt to increase again. - FY2026-H1WorsenedAnnual report
「(Non-current liabilities) Non-current liabilities at the end of the interim consolidated fiscal period increased by ¥11,139 million from the end of the previous consolidated fiscal year to ¥54,287 million. The main factor was an increase of ¥11,367 million in long-term borrowings.」
Non-current liabilities increased by ¥11,139 million and long-term borrowings by ¥11,367 million from the previous fiscal year-end, causing exposure to interest-bearing debt to increase again. - FY2025WorsenedAnnual report
「Non-current liabilities at the end of the current consolidated fiscal year increased by ¥14,295 million from the end of the previous consolidated fiscal year to ¥43,148 million. The main factors were increases of ¥10,049 million in long-term borrowings, ¥2,155 million in deferred tax liabilities and ¥1,577 million in asset retirement obligations.」
Non-current liabilities and long-term borrowings increased in connection with the consolidation of リリカラ and ノバレーゼ and other transactions, causing exposure to interest-bearing debt to increase again after declining in the previous fiscal year. - FY2025-H1WorsenedAnnual report
「Current liabilities at the end of the interim consolidated fiscal period increased by ¥12,926 million from the end of the previous consolidated fiscal year to ¥23,511 million. The main factors were increases of ¥4,849 million in notes and accounts payable, ¥2,426 million in electronically recorded obligations, ¥1,964 million in long-term borrowings due within 1 year and ¥1,508 million in short-term borrowings.」
Current liabilities increased in connection with the consolidation of リリカラ and other transactions. Long-term borrowings due within 1 year increased by ¥1,964 million and short-term borrowings by ¥1,508 million. Exposure to interest-bearing debt has increased again from the fiscal year-end. - FY2025-Q1MitigatedAnnual report
「Non-current liabilities at the end of the first quarter of the current consolidated fiscal year decreased by ¥2,297 million from the end of the previous consolidated fiscal year to ¥26,554 million. The main factor was a decrease of ¥2,302 million in long-term borrowings.」
Non-current liabilities decreased by ¥2,297 million and long-term borrowings by ¥2,302 million, reducing exposure to interest-bearing debt from the end of the previous fiscal year. Meanwhile, long-term borrowings due within 1 year increased by ¥1,221 million. - FY2024WorsenedAnnual report
「Non-current liabilities at the end of the current consolidated fiscal year increased by ¥2,098 million from the end of the previous consolidated fiscal year to ¥28,852 million. The main factor was an increase of ¥2,321 million in long-term borrowings.」
The previous trend of debt reduction reversed, with non-current liabilities and long-term borrowings increasing. Exposure to dependence on interest-bearing debt is increasing again. - FY2024-Q2MitigatedAnnual report
「Non-current liabilities at the end of the second quarter of the current consolidated fiscal year decreased by ¥943 million from the end of the previous consolidated fiscal year to ¥25,809 million. The main factor was a decrease of ¥841 million in long-term borrowings.」
Non-current liabilities decreased by ¥943 million and long-term borrowings by ¥841 million, with the decline in exposure to interest-bearing debt continuing. - FY2024-Q1MitigatedAnnual report
「Non-current liabilities at the end of the first quarter of the current consolidated fiscal year decreased by ¥823 million from the end of the previous consolidated fiscal year to ¥25,929 million. The main factor was a decrease of ¥905 million in long-term borrowings, among others.」
Non-current liabilities decreased by ¥823 million and long-term borrowings by ¥905 million, reducing exposure to dependence on interest-bearing debt. - FY2023MitigatedAnnual report
「Non-current liabilities at the end of the current consolidated fiscal year decreased by ¥24,624 million from the end of the previous consolidated fiscal year to ¥26,753 million. The main factor was a decrease of ¥18,521 million in long-term borrowings, among others.」
Cash and deposits increased and long-term borrowings were repaid in connection with the sale of the Regus business and other transactions, substantially reducing non-current liabilities and exposure to interest-bearing debt. - FY2023-Q3MitigatedAnnual report
「Non-current liabilities at the end of the third quarter of the current consolidated fiscal year decreased by ¥6,444 million from the end of the previous consolidated fiscal year to ¥44,933 million. The main factor was a decrease of ¥5,912 million in long-term borrowings.」
Non-current liabilities and long-term borrowings decreased, reducing exposure to interest-bearing debt. In addition, cash and deposits are expected to increase and interest-bearing debt to decline following the transfer of the Regus business. - FY2023-Q2MitigatedAnnual report
「Non-current liabilities at the end of the second quarter of the current consolidated fiscal year decreased by ¥4,234 million from the end of the previous consolidated fiscal year to ¥47,143 million. The main factor was a decrease of ¥3,956 million in long-term borrowings.」
Non-current liabilities decreased by ¥4,234 million and long-term borrowings by ¥3,956 million, reducing exposure to dependence on interest-bearing debt. - FY2023-Q1MitigatedAnnual report
「(Non-current liabilities) Non-current liabilities at the end of the first quarter of the current consolidated fiscal year decreased by ¥2,244 million from the end of the previous consolidated fiscal year to ¥49,133 million. The main factor was a decrease of ¥2,139 million in long-term borrowings, among others.」
Non-current liabilities decreased by ¥2,244 million and long-term borrowings by ¥2,139 million, reducing exposure to dependence on interest-bearing debt. - FY2022MitigatedAnnual report
「Non-current liabilities decreased by ¥3,471 million from the end of the previous consolidated fiscal year to ¥51,377 million. The main factors were decreases of ¥1,169 million in bonds and ¥2,451 million in long-term borrowings, among others.」
Non-current liabilities and long-term borrowings decreased from the end of the previous fiscal year, and exposure to interest-bearing debt continued to decline. - FY2022-Q3MitigatedAnnual report
「The main factors were decreases of ¥2,873 million in income taxes payable and ¥4,288 million in long-term borrowings due within 1 year.」
Within current liabilities, long-term borrowings due within 1 year decreased by ¥4,288 million, while within non-current liabilities, long-term borrowings decreased by ¥4,821 million and bonds by ¥968 million. Exposure to interest-bearing debt continued to decline. - FY2022-Q2MitigatedAnnual report
「The main factors were a decrease of ¥4,657 million in long-term borrowings due within 1 year and a decrease of ¥2,588 million in income taxes payable.」
Long-term borrowings due within 1 year decreased by ¥4,657 million and long-term borrowings decreased by ¥2,934 million, reducing exposure to interest-bearing debt. - FY2022-Q1MitigatedAnnual report
「The main factors were decreases of ¥4,493 million in long-term borrowings due within 1 year, ¥2,754 million in income taxes payable and ¥264 million in accounts payable, among others.」
Within current liabilities, long-term borrowings due within 1 year decreased by ¥4,493 million, while long-term borrowings within non-current liabilities also decreased by ¥1,260 million. The balance of interest-bearing debt declined. - FY2020WorsenedAnnual report
「Non-current liabilities increased by ¥30,445 million from the end of the previous consolidated fiscal year to ¥61,448 million. The main factors were an increase of ¥27,037 million in long-term borrowings and an increase of ¥1,610 million in asset retirement obligations resulting from the consolidation of 日本リージャス社 and 台湾リージャス社, among others.」
Long-term borrowings increased by ¥27,037 million in connection with M&A and capital expenditures, bringing the total of long-term borrowings and amounts due within 1 year to ¥58,792 million. Exposure to dependence on interest-bearing debt has increased further. - FY2020-Q3WorsenedAnnual report
「The Group primarily finances the operating funds for its space revitalization and distribution business through borrowings from financial institutions and the issuance of bonds. However, as it has strategically pursued M&A, including the acquisition of 日本リージャス社, its balance of interest-bearing debt has increased substantially in recent years. The main factor was an increase of ¥27,500 million in short-term borrowings, among others.」
The balance of interest-bearing debt increased in connection with M&A, while short-term borrowings increased by ¥27,500 million from the end of the previous consolidated fiscal year. - FY2020-Q2WorsenedAnnual report
「The Group primarily finances the operating funds for its space revitalization and distribution business through borrowings from financial institutions and the issuance of bonds. However, as it has strategically pursued M&A, including the acquisition of 日本リージャス社, its balance of interest-bearing debt has increased substantially in recent years.」
The substantial increase in the balance of interest-bearing debt accompanying M&A, including the acquisition of 日本リージャス社, was explicitly identified as a specific factor worsening financing risk. - FY2020-Q1WorsenedAnnual report
「The main factor was an increase of ¥27,000 million in short-term borrowings. The main factor was an increase of ¥7,457 million in long-term borrowings.」
In connection with the acquisition of 日本リージャス社 and other transactions, short-term borrowings increased by ¥27,000 million and long-term borrowings by ¥7,457 million, increasing exposure to dependence on interest-bearing debt. - FY2019-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥11,168 million from the end of the previous consolidated fiscal year to ¥29,072 million. The main factors were increases of ¥8,939 million in long-term borrowings and ¥2,113 million in bonds, among others.」
Non-current liabilities increased by ¥11,168 million due to increases in long-term borrowings and bonds, further increasing exposure to dependence on interest-bearing debt. - FY2019-Q2WorsenedAnnual report
「Non-current liabilities at the end of the second quarter of the current consolidated fiscal year increased by ¥5,782 million from the end of the previous consolidated fiscal year to ¥23,686 million. The main factors were increases of ¥2,329 million in bonds and ¥3,356 million in long-term borrowings.」
Non-current liabilities increased by ¥5,782 million due to increases in bonds and long-term borrowings, further increasing exposure to dependence on interest-bearing debt. - FY2019-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥2,859 million from the end of the previous consolidated fiscal year to ¥20,763 million. The main factor was an increase of ¥2,983 million in long-term borrowings.」
Long-term borrowings increased by ¥2,983 million, increasing exposure to dependence on interest-bearing debt. - FY2018RestatedAnnual report
「The Group primarily finances the operating funds for its space revitalization and distribution business through borrowings from financial institutions and the issuance of bonds.」
The Group is reconfirming the risks associated with financing centered on borrowings and bonds, including changes in interest-rate levels and the financial environment and the inability to obtain new borrowings. - FY2017First statedAnnual report
「Interest-bearing debt accounted for approximately 69% of total assets at the end of the 12th consolidated fiscal year.」
The Group finances capital expenditures, security deposits and other items through borrowings and bonds. Changes in interest rates and the financial environment, as well as the inability to refinance, pose risks.