Reliance on Interest-Bearing Debt, Interest Rates and Financial Conditions
First written in FY2017. 19 of 31 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
Chikaranomoto Holdings moved to the "Worse" side of this theme in 2020, 1 year 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".
- FY2026MitigatedAnnual report
「At the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥2,056 million, and its interest-bearing debt dependence ratio was 10.2%.」
Interest-bearing debt declined from ¥2,609 million in the previous fiscal year to ¥2,056 million, while the dependence ratio declined from 14.1% to 10.2%. - FY2026-H1MitigatedAnnual report
「This was mainly attributable to increases of ¥129 million in income taxes payable and ¥81 million in asset retirement obligations, and decreases of ¥218 million in other current liabilities and ¥483 million in interest-bearing debt, among other factors.」
Interest-bearing debt decreased by ¥483 million from the end of the previous fiscal year, and the balance of liabilities also decreased by ¥512 million. - FY2025MitigatedAnnual report
「At the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥2,609 million, and its interest-bearing debt dependence ratio was 14.1%.」
Interest-bearing debt declined from ¥2,717 million in the previous fiscal year to ¥2,609 million, while the dependence ratio declined from 15.7% to 14.1%. - FY2025-H1MitigatedAnnual report
「At the end of the interim consolidated fiscal period, liabilities decreased by ¥509 million from the end of the previous consolidated fiscal year to ¥7,449 million. This was mainly attributable to decreases of ¥199 million in income taxes payable and ¥249 million in interest-bearing debt, among other factors.」
Interest-bearing debt decreased by ¥249 million from the end of the previous fiscal year, and total liabilities also decreased by ¥509 million. - FY2024MitigatedAnnual report
「At the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥2,717 million, and its interest-bearing debt dependence ratio was 15.7%.」
Interest-bearing debt declined from ¥5,430 million in the previous fiscal year to ¥2,717 million, while the dependence ratio declined from 31.1% to 15.7%. - FY2024-Q3MitigatedAnnual report
「This was mainly attributable to increases of ¥159 million in notes and accounts payable, ¥188 million in income taxes payable and ¥192 million in other current liabilities, partially offset by a ¥2,393 million decrease in interest-bearing debt, among other factors.」
Interest-bearing debt decreased by ¥2,393 million from the end of the previous fiscal year, and total liabilities also decreased by ¥1,583 million. None of the financial covenant items were breached. - FY2024-Q2MitigatedAnnual report
「At the end of the second quarter of the consolidated fiscal year, liabilities decreased by ¥1,533 million from the end of the previous consolidated fiscal year to ¥8,304 million. This was mainly attributable to an increase of ¥177 million in income taxes payable and a decrease of ¥1,964 million in interest-bearing debt, among other factors.」
Interest-bearing debt decreased by ¥1,964 million from the end of the previous fiscal year, and total liabilities also decreased to ¥8,304 million. The disclosure states that none of the financial covenant items were breached. - FY2024-Q1MitigatedAnnual report
「At the end of the first quarter of the consolidated fiscal year, liabilities decreased by ¥1,801 million from the end of the previous consolidated fiscal year to ¥8,035 million. This was mainly attributable to a ¥1,740 million decrease in interest-bearing debt, among other factors.」
Interest-bearing debt decreased by ¥1,740 million from the end of the previous fiscal year, and total liabilities also decreased to ¥8,035 million. None of the financial covenant items were breached. - FY2023MitigatedAnnual report
「At the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥5,439 million, and its interest-bearing debt dependence ratio was 31.1%.」
Interest-bearing debt declined from ¥7,380 million in the previous fiscal year to ¥5,439 million, while the interest-bearing debt dependence ratio declined from 48.3% to 31.1%. None of the financial covenants were breached. - FY2023-Q3MitigatedAnnual report
「At the end of the third quarter of the consolidated fiscal year, liabilities decreased by ¥1,176 million from the end of the previous consolidated fiscal year to ¥10,294 million. This was mainly attributable to an increase of ¥278 million in notes and accounts payable and a decrease of ¥1,375 million in interest-bearing debt, among other factors. None of the financial covenant items were breached during the consolidated fiscal year.」
Interest-bearing debt decreased by ¥1,375 million from the end of the previous fiscal year, and the disclosure states that none of the financial covenant items were breached during the fiscal year. - FY2023-Q2MitigatedAnnual report
「At the end of the second quarter of the consolidated fiscal year, liabilities decreased by ¥1,138 million from the end of the previous consolidated fiscal year to ¥10,332 million. This was mainly attributable to a ¥923 million decrease in interest-bearing debt, among other factors. None of the financial covenant items were breached during the consolidated fiscal year.」
Interest-bearing debt decreased by ¥923 million from the end of the previous fiscal year, and the disclosure states that none of the financial covenant items were breached. - FY2023-Q1MitigatedAnnual report
「This was mainly attributable to decreases of ¥407 million in interest-bearing debt, ¥126 million in accounts payable and ¥137 million in income taxes payable, among other factors.」
Interest-bearing debt decreased by ¥407 million from the end of the previous fiscal year. The disclosure states that none of the financial covenant items were breached during the quarter. - FY2022Higher balance and dependency ratio, no breach of financial covenantsAnnual report
「At the end of the consolidated fiscal year, the Group's interest-bearing debt was ¥7,380 million, and its interest-bearing debt dependence ratio was 48.3%. None of the financial covenant items were breached during the consolidated fiscal year.」
The interest-bearing debt dependence ratio rose from 45.5% in the previous fiscal year to 48.3%, while none of the financial covenants under the syndicated loan were breached during the fiscal year. - FY2022-Q3MitigatedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, liabilities decreased by ¥870 million from the end of the previous consolidated fiscal year to ¥13,490 million. This was mainly due to a ¥149 million increase in notes and accounts payable and a ¥1,184 million decrease in interest-bearing debt, among other factors.」
Interest-bearing debt decreased by ¥1,184 million from the end of the previous consolidated fiscal year. Meanwhile, the prior-year breach of the financial covenants and the financial institutions' agreement to refrain from exercising their rights continue to be disclosed. - FY2022-Q2Lower interest-bearing debt, financial covenants remain in effectAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities decreased by ¥768 million from the end of the previous consolidated fiscal year to ¥13,592 million. This was mainly due to a ¥718 million decrease in interest-bearing debt, among other factors. In the previous consolidated fiscal year, the Company was in breach of item (b) above; however, it obtained the financial institutions' consent to refrain from exercising their rights with respect to acceleration of repayment.」
While interest-bearing debt decreased by ¥718 million from the end of the previous fiscal year, the prior-year breach of the financial covenants and the financial institutions' agreement to refrain from exercising their rights continue to be disclosed. - FY2022-Q1WorsenedAnnual report
「In the previous consolidated fiscal year, the Company was in breach of item (b) above; however, it obtained the financial institutions' consent to refrain from exercising their rights with respect to acceleration of repayment.」
The document discloses a breach of the financial covenant concerning the maintenance of net assets under the syndicated loan, and the financial institutions' agreement to refrain from demanding acceleration of repayment. - FY2021-Q3WorsenedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, liabilities increased by ¥2,436 million from the end of the previous consolidated fiscal year to ¥14,016 million. This was mainly due to a ¥2,155 million increase in interest-bearing debt, among other factors.」
Interest-bearing debt increased by ¥2,155 million from the end of the previous consolidated fiscal year, and total liabilities also increased to ¥14,016 million. Disclosure pressure related to dependence on borrowings increased further from the previous quarter. - FY2021-Q2WorsenedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities increased by ¥2,056 million from the end of the previous consolidated fiscal year to ¥13,636 million. This was mainly due to a ¥2,074 million increase in interest-bearing debt, among other factors.」
Interest-bearing debt increased by ¥2,074 million from the end of the previous consolidated fiscal year, and short-term borrowings of ¥1,800 million were also recorded. Dependence on liabilities and borrowings increased further from the previous quarter. - FY2021-Q1WorsenedAnnual report
「This was mainly due to a ¥1,013 million increase in interest-bearing debt, a ¥221 million decrease in notes and accounts payable, and a ¥372 million decrease in other current liabilities due to decreases in accrued expenses and accrued consumption taxes, among other factors.」
Interest-bearing debt increased by ¥1,013 million from the end of the previous consolidated fiscal year, and short-term borrowings of ¥1,300 million were also recorded. - FY2020Lower balance, higher dependency ratioAnnual report
「At the end of the consolidated fiscal year, the Group had interest-bearing debt of ¥7,010 million, and its interest-bearing debt dependency ratio was 45.5%.」
While interest-bearing debt decreased from ¥7,252 million in the previous fiscal year, the interest-bearing debt dependency ratio increased from 44.2% to 45.5% due to a decline in total assets. - FY2020-Q3Increase in interest-bearing debtAnnual report
「At the end of the third quarter of the current consolidated fiscal year, liabilities increased by ¥407 million from the end of the previous consolidated fiscal year to ¥12,075 million. This was mainly due to an ¥80 million increase in interest-bearing debt, a ¥142 million increase in notes and accounts payable resulting from higher liabilities for purchases associated with increased year-end sales of toshikoshi soba in the domestic product sales business, and a ¥193 million increase in accounts payable due to the relocation of a factory and other factors in the other businesses segment.」
Interest-bearing debt increased by ¥80 million from the end of the previous consolidated fiscal year, reversing the declining trend through the previous quarter. - FY2020-Q2MitigatedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities decreased by ¥295 million from the end of the previous consolidated fiscal year to ¥11,372 million. This was mainly due to decreases of ¥105 million in interest-bearing debt, ¥45 million in accounts payable and ¥108 million in income taxes payable, among other factors.」
Interest-bearing debt decreased by ¥105 million from the end of the previous consolidated fiscal year, and total liabilities also decreased by ¥295 million. - FY2019MitigatedAnnual report
「At the end of the consolidated fiscal year, the Group had interest-bearing debt of ¥7,252 million, and its interest-bearing debt dependency ratio was 44.2%.」
Interest-bearing debt decreased from ¥7,519 million in the previous disclosure to ¥7,252 million, while the interest-bearing debt dependency ratio declined from 52.5% to 44.2%. - FY2019-Q3Interest-bearing debt continued to increaseAnnual report
「At the end of the third quarter of the current consolidated fiscal year, liabilities increased by ¥1,135 million from the end of the previous consolidated fiscal year to ¥11,715 million. This was mainly due to a ¥156 million increase in interest-bearing debt, a ¥204 million increase in notes and accounts payable resulting from higher purchases associated with increased year-end sales of toshikoshi soba in the domestic product sales business, and a ¥414 million increase in accounts payable due to capital investment on the West Coast of the United States, among other factors.」
Interest-bearing debt increased by ¥156 million from the end of the previous consolidated fiscal year, continuing the upward trend through the previous quarter. - FY2019-Q2Interest-bearing debt continued to increaseAnnual report
「At the end of the second quarter of the current consolidated fiscal year, liabilities increased by ¥716 million from the end of the previous consolidated fiscal year to ¥11,296 million. This was mainly due to increases of ¥176 million in interest-bearing debt, ¥454 million in accounts payable and ¥86 million in income taxes payable, among other factors.」
Interest-bearing debt increased from the end of the previous fiscal year for the second consecutive quarter, by ¥176 million. - FY2019-Q1Rebound increase in interest-bearing debtAnnual report
「At the end of the first quarter of the current consolidated fiscal year, liabilities increased by ¥228 million from the end of the previous consolidated fiscal year to ¥10,808 million. This was mainly due to increases of ¥51 million in interest-bearing debt, ¥108 million in accounts payable and ¥48 million in asset retirement obligations, among other factors.」
Interest-bearing debt increased by ¥51 million from the end of the previous fiscal year, reversing the declining trend in the balance up to that point. - FY2018-Q2MitigatedAnnual report
「This was mainly because interest-bearing debt decreased by ¥247 million, while accounts payable increased by ¥276 million due to an increase in payment obligations related to store opening investments in the United States, among other factors,」
The document states that interest-bearing debt decreased by ¥247 million from the end of the previous consolidated fiscal year, indicating a partial reduction in dependence on debt. - FY2018-Q1MitigatedAnnual report
「This was mainly due to a ¥187 million decrease in interest-bearing debt, among other factors.」
Interest-bearing debt at the end of the first quarter decreased by ¥187 million from the end of the previous consolidated fiscal year. - FY2017First statedAnnual report
「At the end of the consolidated fiscal year, the Group had interest-bearing debt of ¥7,519 million, and its interest-bearing debt dependency ratio was 52.5%.」
The document discloses that store openings are financed primarily through bank borrowings, with interest-bearing debt of ¥7,519 million and an interest-bearing debt dependency ratio of 52.5%.