Reliance on Interest-Bearing Debt and Debt Reduction
First written in FY2016. 22 of 33 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-08-12.
RenetJapanGroup moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
81 other companies' latest entry also says "Worsened".
- FY2025MitigatedAnnual report
「Non-current liabilities amounted to ¥2,594.429 million, a decrease of ¥1,609.985 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥1,669.269 million in lease obligations.」
Non-current liabilities and lease obligations declined substantially, reducing interest-bearing debt exposure from the end of the previous fiscal year. - FY2025-H1MitigatedAnnual report
「Non-current liabilities amounted to ¥2,005.571 million, a decrease of ¥2,198.843 million from the end of the previous consolidated fiscal year. The main factor was a decrease of ¥2,031.008 million in lease obligations associated with the separation of the FC division from the social care business.」
Non-current liabilities declined substantially, mainly due to the decrease in lease obligations associated with the separation of the FC division, reducing interest-bearing debt exposure. Meanwhile, short-term borrowings increased by ¥138.873 million. - FY2024-Q2MitigatedAnnual report
「Non-current liabilities amounted to ¥5,717.779 million, a decrease of ¥1,247.130 million from the end of the previous consolidated fiscal year. The main factor was a decrease of ¥1,629.075 million in long-term borrowings used to fund the microfinance business in Cambodia.」
Non-current liabilities and long-term borrowings decreased, reducing interest-bearing debt exposure overall. Meanwhile, short-term borrowings and long-term borrowings due for repayment within 1 year increased. - FY2024-Q1MitigatedAnnual report
「Non-current liabilities amounted to ¥6,123.112 million, a decrease of ¥841.797 million from the end of the previous consolidated fiscal year. The main factor was a decrease of ¥1,232.194 million in long-term borrowings.」
Non-current liabilities and long-term borrowings decreased from the end of the previous consolidated fiscal year. Meanwhile, short-term borrowings and long-term borrowings due for repayment within 1 year increased. - FY2023-Q3WorsenedAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal period amounted to ¥6,086.576 million, an increase of ¥2,027.583 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥1,792.278 million in short-term borrowings and ¥222.054 million in accounts payable and other current liabilities. Non-current liabilities amounted to ¥6,131.293 million, an increase of ¥2,782.814 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥1,201.064 million in long-term borrowings and ¥1,439.186 million in lease obligations.」
Current and non-current liabilities and interest-bearing debt exposure have increased further due to growth in short-term borrowings, long-term borrowings and lease obligations. - FY2023-Q2WorsenedAnnual report
「Current liabilities at the end of the current second-quarter consolidated accounting period amounted to ¥5,003,791 thousand, up ¥944,799 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,464,511 thousand in short-term borrowings, partly offset by a decrease of ¥396,666 thousand in long-term borrowings due within 1 year. Non-current liabilities amounted to ¥3,957,880 thousand, up ¥609,402 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥590,033 thousand in long-term borrowings for financing the microfinance business in Cambodia.」
Current and non-current liabilities and interest-bearing debt exposure have both increased due to growth in short-term borrowings and long-term borrowings for the microfinance business. - FY2023-Q1WorsenedAnnual report
「Current liabilities at the end of the current first-quarter consolidated accounting period amounted to ¥4,717,765 thousand, up ¥658,773 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥21,194 thousand in accounts payable, ¥919,894 thousand in short-term borrowings and ¥108,498 thousand in accounts payable, despite decreases of ¥77,408 thousand in long-term borrowings due within 1 year, ¥27,525 thousand in accrued expenses, ¥146,613 thousand in accrued income taxes and ¥117,605 thousand in other current liabilities.」
Short-term borrowings increased by ¥919,894 thousand, advancing the shift in interest-bearing debt toward current liabilities, accompanied by a decrease in non-current liabilities. - FY2022ReframedAnnual report
「Total liabilities also declined substantially in Japan through active reductions in interest-bearing debt, but, as with assets, were affected by a significant increase in the yen-converted balance of the US dollar-denominated borrowings dedicated to the microfinance business due to the yen's depreciation. These borrowings are non-recourse borrowings, meaning that the performance obligation applies only to the parent Company and the microfinance business company, and not to any other entities.」
While reducing domestic borrowings, the yen-converted amount of the US dollar-denominated borrowings dedicated to the microfinance business increased as the yen weakened, changing the nature of interest-bearing debt risk so that it is more closely linked to overseas operations and foreign exchange rates. - FY2022-Q3WorsenedAnnual report
「Current liabilities at the end of the current third-quarter consolidated accounting period amounted to ¥4,137,999 thousand, up ¥707,433 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥792,044 thousand in long-term borrowings due within 1 year. Non-current liabilities amounted to ¥2,934,078 thousand, down ¥310,030 thousand from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥277,929 thousand in long-term borrowings and ¥60,000 thousand in bonds.」
Although non-current liabilities decreased, long-term borrowings due within 1 year increased substantially, indicating a shift in interest-bearing debt toward current liabilities and an increase in overall exposure. - FY2022-Q2WorsenedAnnual report
「Current liabilities at the end of the current second-quarter consolidated accounting period amounted to ¥4,014,139 thousand, up ¥583,572 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥510,638 thousand in long-term borrowings due within 1 year. Non-current liabilities amounted to ¥2,866,149 thousand, down ¥377,959 thousand from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥40,000 thousand in bonds and ¥337,802 thousand in long-term borrowings.」
Although some long-term borrowings and bonds decreased, short-term borrowings and long-term borrowings due within 1 year increased, indicating a shift in interest-bearing debt toward current liabilities and an increase in overall exposure. - FY2022-Q1WorsenedAnnual report
「This was mainly due to increases of ¥374,071 thousand in operating loans receivable, ¥90,216 thousand in short-term borrowings and ¥255,353 thousand in long-term borrowings due within 1 year, partially offset by a decrease of ¥291,352 thousand in long-term borrowings.」
Although long-term borrowings decreased, short-term borrowings and long-term borrowings due within 1 year increased, expanding exposure to interest-bearing debt from the end of the previous fiscal year, primarily in the short-term and current portions. - FY2021MitigatedAnnual report
「This was mainly due to decreases of ¥239,828 thousand in short-term borrowings and ¥148,285 thousand in long-term borrowings due within 1 year. Non-current liabilities amounted to ¥3,244,109 thousand, down ¥797,879 thousand from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥566,260 thousand in long-term borrowings.」
Short-term borrowings, long-term borrowings due within 1 year and long-term borrowings all decreased, reducing exposure to interest-bearing debt from the end of the previous fiscal year. - FY2021-Q3MitigatedAnnual report
「Non-current liabilities amounted to ¥3,743,917 thousand, down ¥298,071 thousand from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥171,815 thousand in long-term borrowings and ¥72,000 thousand in bonds.」
Short-term borrowings, long-term borrowings and bonds decreased, reducing exposure to interest-bearing debt from the end of the previous consolidated fiscal year. - FY2021-Q2WorsenedAnnual report
「Non-current liabilities amounted to ¥4,193,588 thousand, up ¥151,599 thousand from the end of the previous consolidated fiscal year. This was mainly because long-term borrowings increased by ¥289,874 thousand, despite a ¥72,000 thousand decrease in bonds.」
Long-term borrowings increased by more than the decrease in bonds, expanding non-current liabilities and exposure to interest-bearing debt from the end of the previous fiscal year. - FY2021-Q1WorsenedAnnual report
「Non-current liabilities amounted to ¥4,634,967 thousand, up ¥592,978 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥717,890 thousand in long-term borrowings.」
Long-term borrowings increased by ¥717,890 thousand, expanding non-current liabilities and exposure to interest-bearing debt from the end of the previous consolidated fiscal year. - FY2020WorsenedAnnual report
「Non-current liabilities amounted to ¥4,041,988 thousand, up ¥1,751,600 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,751,382 thousand in long-term borrowings.」
Non-current liabilities increased by ¥1,751,600 thousand, primarily through long-term borrowings, further increasing dependence on interest-bearing debt. - FY2020-Q3WorsenedAnnual report
「Current liabilities amounted to ¥3,477,054 thousand, up ¥725,375 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥475,044 thousand in long-term borrowings due within 1 year. Non-current liabilities amounted to ¥4,279,331 thousand, up ¥1,988,944 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥2,009,707 thousand in long-term borrowings.」
Increases in long-term borrowings due within 1 year and long-term borrowings further expanded exposure to interest-bearing debt from the end of the previous consolidated fiscal year. - FY2020-Q2WorsenedAnnual report
「Non-current liabilities amounted to ¥3,895,083 thousand, up ¥1,604,695 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,552,228 thousand in long-term borrowings.」
Non-current liabilities increased, primarily through long-term borrowings, further expanding exposure to interest-bearing debt. - FY2020-Q1WorsenedAnnual report
「Current liabilities amounted to ¥3,379,847 thousand, up ¥628,168 thousand from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥354,652 thousand in short-term borrowings and ¥107,399 thousand in long-term borrowings due within 1 year. Non-current liabilities amounted to ¥3,175,648 thousand, up ¥885,260 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥901,125 thousand in long-term borrowings.」
Short-term borrowings, long-term borrowings due within 1 year and long-term borrowings increased, further expanding exposure to interest-bearing debt from the end of the previous fiscal year. - FY2019WorsenedAnnual report
「Current liabilities at the end of the current consolidated fiscal year amounted to ¥2,751,679 thousand, up ¥748,628 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥595,252 thousand in long-term borrowings due within 1 year. Non-current liabilities amounted to ¥2,290,387 thousand, up ¥575,105 thousand from the end of the previous consolidated fiscal year.」
Increases in long-term borrowings due within 1 year and long-term borrowings expanded exposure to interest-bearing debt from the end of the previous fiscal year. Financing and higher interest rate risks also continue to be disclosed. - FY2019-Q3WorsenedAnnual report
「This was mainly due to increases of ¥525,029 thousand in short-term borrowings and ¥212,874 thousand in long-term borrowings due within 1 year. Non-current liabilities amounted to ¥1,799,108 thousand, up ¥83,826 thousand from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥111,240 thousand in long-term borrowings.」
Short-term borrowings, long-term borrowings due within 1 year and long-term borrowings all increased, expanding exposure to interest-bearing debt from the end of the previous consolidated fiscal year. - FY2019-Q2WorsenedAnnual report
「This was mainly due to increases of ¥309,168 thousand in short-term borrowings and ¥61,796 thousand in accounts payable. Non-current liabilities amounted to ¥1,654,231 thousand, down ¥276,395 thousand from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥247,079 thousand in long-term borrowings.」
Although long-term borrowings decreased, short-term borrowings increased by ¥309,168 thousand, expanding exposure to interest-bearing debt from the end of the previous consolidated fiscal year, primarily through short-term borrowings. - FY2019-Q1WorsenedAnnual report
「This was mainly due to increases of ¥379,523 thousand in short-term borrowings and ¥63,103 thousand in accounts payable. Non-current liabilities amounted to ¥1,826,474 thousand, down ¥104,153 thousand from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥95,810 thousand in long-term borrowings.」
Although long-term borrowings decreased, short-term borrowings increased by ¥379,523 thousand and current liabilities rose, so exposure to interest-bearing debt expanded, primarily through short-term borrowings. - FY2018-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥277,198 thousand from the end of the previous consolidated fiscal year to ¥1,226,594 thousand. This was mainly due to increases of ¥153,750 thousand in bonds and ¥128,712 thousand in long-term borrowings.」
Increases in bonds and long-term borrowings expanded non-current liabilities and exposure to interest-bearing debt from the end of the previous consolidated fiscal year. - FY2018-Q2WorsenedAnnual report
「This was mainly due to proceeds of ¥200,000 thousand from long-term borrowings, despite payments of ¥177,832 thousand for the repayment of long-term borrowings.」
During the cumulative second-quarter period, proceeds from long-term borrowings exceeded repayments, increasing the combined total of long-term borrowings due within 1 year and long-term borrowings from the end of the previous consolidated fiscal year. - FY2018-Q1MitigatedAnnual report
「Current liabilities increased by ¥51,069 thousand from the end of the previous consolidated fiscal year to ¥664,989 thousand. This was mainly due to an increase of ¥50,037 thousand in accounts payable and a decrease of ¥12,390 thousand in long-term borrowings due within 1 year. Non-current liabilities decreased by ¥79,113 thousand from the end of the previous consolidated fiscal year to ¥870,282 thousand. This was mainly due to a decrease of ¥76,518 thousand in long-term borrowings.」
Long-term borrowings due within 1 year and long-term borrowings decreased, reducing exposure to interest-bearing debt from the end of the previous consolidated fiscal year. - FY2017WorsenedAnnual report
「Long-term borrowings (Note 2) 1,250,596」
The total of long-term borrowings and the portion due within 1 year increased from ¥388,025 thousand in the previous fiscal year to ¥1,250,596 thousand, expanding exposure to interest-bearing debt. - FY2017-Q3WorsenedAnnual report
「Borrowing amount: ¥1 billion; borrowing terms: reference rate + spread; borrowing period: 5 years; unsecured and unguaranteed」
After the end of the quarter, the Company drew down a ¥1 billion, 5-year loan for investment and other purposes, newly specifying its exposure to interest-bearing debt. - FY2017-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 concerning the risks related to dependence on interest-bearing debt and debt reduction. - FY2017-Q1RestatedAnnual report
「During the cumulative period of the current quarter, there were no new events among the matters concerning the business and accounting conditions described in the quarterly report that could have a material impact on investors’ decisions, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes concerning the risks related to dependence on interest-bearing debt and debt reduction. - FY2016First statedAnnual report
「The Company obtains most of its funds primarily through borrowings from financial institutions and has a high ratio of interest-bearing debt to total assets. However, its relationship with financial institutions is sound, enabling it to secure stable funding.」
While working continuously to reduce interest-bearing debt, identifies the impact of higher market interest rates as a risk.