Reduction in Interest-Bearing Debt
First written in FY2017-Q2. 10 of 36 entries say "Advanced", first in FY2018. Latest entry: 2026-08-07.
Hokuetsu moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2018: 4 of 29 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedFinancial results
「This was due to an ¥8,327 million increase in interest-bearing debt.」
Interest-bearing debt at the quarter-end increased by ¥8,327 million from the previous consolidated fiscal year-end, reversing the recent downward trend. - FY2026Increase in Interest-Bearing Debt and Higher Net D/E RatioAnnual report
「Balance of interest-bearing debt 88,972 97,350 Balance of cash and cash equivalents 27,644 30,123 Net interest-bearing debt 61,328 67,227 Equity 265,052 251,816 Net D/E ratio 0.23x 0.27x」
The balance of interest-bearing debt increased from ¥88,972 million in the previous fiscal year to ¥97,350 million, and the net D/E ratio also increased from 0.23x to 0.27x. - FY2026-H1Slight increase in interest-bearing debt and changes in funding compositionAnnual report
「Liabilities decreased by ¥4,881 million from the end of the previous consolidated fiscal year to ¥148,131 million. This was mainly attributable to decreases of ¥4,814 million in notes and accounts payable and ¥3,208 million in current income taxes payable, partly offset by increases of ¥666 million in interest-bearing debt and ¥1,655 million in accrued expenses included in other current liabilities.」
Although total liabilities decreased, interest-bearing debt increased by ¥666 million from the end of the previous fiscal year. The filing also describes changes in the funding composition, including a decrease in short-term borrowings, ¥13,000 million in commercial paper, and ¥9,500 million in long-term borrowings. - FY2025AdvancedAnnual report
「Liabilities decreased by ¥10,215 million from the end of the previous consolidated fiscal year to ¥153,012 million. This was mainly attributable to a ¥15,389 million decrease in interest-bearing debt, partly offset by increases of ¥1,294 million in notes and accounts payable and ¥3,702 million in current income taxes payable.」
Interest-bearing debt decreased by ¥15,389 million from the end of the previous fiscal year, while total liabilities decreased by ¥10,215 million. - FY2025-H1AdvancedAnnual report
「Liabilities decreased by ¥9,367 million from the end of the previous consolidated fiscal year to ¥153,861 million. This was mainly attributable to a ¥9,345 million decrease in interest-bearing debt.」
Interest-bearing debt at the end of the interim period decreased by ¥9,345 million from the end of the previous fiscal year, while total liabilities decreased by ¥9,367 million. - FY2024Interest-bearing debt increased, but the net D/E ratio declinedAnnual report
「The balance of interest-bearing debt increased from ¥103,725 million to ¥104,362 million, while net interest-bearing debt changed from ¥85,662 million to ¥82,222 million and the net D/E ratio changed from 0.38x to 0.33x.」
Although the balance of interest-bearing debt increased by ¥636 million, net interest-bearing debt and the net D/E ratio declined as cash and cash equivalents increased. - FY2024-Q3Widening increase in interest-bearing debtAnnual report
「Liabilities increased by ¥13,681 million from the end of the previous consolidated fiscal year to ¥176,176 million. This was mainly attributable to increases of ¥863 million in notes and accounts payable, ¥10,540 million in interest-bearing debt, and ¥1,339 million in deferred tax liabilities included in other non-current liabilities.」
Interest-bearing debt increased by ¥10,540 million from the end of the previous fiscal year, widening from the ¥2,966 million increase in FY2024-Q2. - FY2024-Q2Narrowing increase in interest-bearing debtAnnual report
「Liabilities increased by ¥7,710 million from the end of the previous consolidated fiscal year to ¥170,205 million. This was mainly attributable to increases of ¥3,544 million in notes and accounts payable and ¥2,966 million in interest-bearing debt.」
Interest-bearing debt increased by ¥2,966 million from the end of the previous fiscal year, but the increase narrowed from the ¥5,630 million increase in FY2024-Q1. - FY2024-Q1Widening increase in interest-bearing debtAnnual report
「Liabilities increased by ¥5,847 million from the end of the previous consolidated fiscal year to ¥168,341 million. This was mainly attributable to increases of ¥5,630 million in interest-bearing debt and ¥2,207 million in notes and accounts payable, partly offset by a ¥1,696 million decrease in current income taxes payable.」
Interest-bearing debt increased by ¥5,630 million from the end of the previous fiscal year, widening from the ¥4,637 million increase in the previous full year. - FY2023Narrowing increase in interest-bearing debtAnnual report
「Liabilities increased by ¥2,512 million from the end of the previous consolidated fiscal year to ¥162,494 million. This was mainly attributable to increases of ¥4,637 million in interest-bearing debt and ¥1,481 million in electronically recorded obligations, partly offset by decreases of ¥1,094 million in current income taxes payable and ¥1,854 million in liabilities related to retirement benefits.」
Interest-bearing debt increased by ¥4,637 million from the end of the previous fiscal year, reversing the decrease in the previous fiscal year. However, the increase narrowed from the ¥16,902 million increase in the previous quarter. - FY2023-Q3Widening increase in interest-bearing debtAnnual report
「Liabilities increased by ¥19,752 million from the end of the previous consolidated fiscal year to ¥179,734 million. This was mainly attributable to increases of ¥16,902 million in interest-bearing debt and ¥4,374 million in notes and accounts payable, partly offset by a ¥2,827 million decrease in current income taxes payable.」
Interest-bearing debt increased by ¥16,902 million from the end of the previous consolidated fiscal year, widening from the ¥12,056 million increase reported in the previous quarterly report. - FY2023-Q2AdvancedAnnual report
「Liabilities increased by ¥15,056 million from the end of the previous consolidated fiscal year to ¥175,038 million. This was mainly attributable to increases of ¥12,056 million in interest-bearing debt and ¥2,132 million in notes and accounts payable, partly offset by a ¥2,315 million decrease in current income taxes payable.」
Interest-bearing debt increased by ¥12,056 million from the end of the previous consolidated fiscal year, with the increase widening from the previous quarterly report. - FY2023-Q1Increase in interest-bearing debtAnnual report
「Liabilities increased by ¥3,700 million from the end of the previous consolidated fiscal year to ¥163,682 million. This was mainly attributable to a ¥5,298 million increase in interest-bearing debt, partly offset by a ¥2,859 million decrease in current income taxes payable.」
Interest-bearing debt increased by ¥5,298 million from the end of the previous consolidated fiscal year, reversing the decrease recorded at the end of the previous fiscal year. - FY2022AdvancedAnnual report
「Liabilities decreased by ¥7,674 million from the end of the previous consolidated fiscal year to ¥159,981 million. This was mainly attributable to a ¥14,903 million decrease in interest-bearing debt.」
The balance of interest-bearing debt changed from ¥113,991 million to ¥99,088 million, a decrease of ¥14,903 million. - FY2022-Q3AdvancedAnnual report
「Liabilities decreased by ¥11,750 million from the end of the previous consolidated fiscal year to ¥155,905 million. This was mainly attributable to a ¥15,637 million decrease in interest-bearing debt, partly offset by a ¥5,149 million increase in current income taxes payable.」
Interest-bearing debt decreased by ¥15,637 million from the end of the previous fiscal year, while total liabilities decreased by ¥11,750 million. - FY2022-Q1AdvancedAnnual report
「Liabilities decreased by ¥14,369 million from the end of the previous consolidated fiscal year to ¥153,286 million. This was mainly attributable to a ¥15,378 million decrease in interest-bearing debt.」
Interest-bearing debt decreased by ¥15,378 million from the end of the previous fiscal year, while total liabilities decreased by ¥14,369 million. - FY2021AdvancedAnnual report
「Liabilities increased by ¥3,787 million from the end of the previous consolidated fiscal year to ¥167,656 million. This was mainly attributable to a ¥7,159 million increase in interest-bearing debt, partly offset by decreases of ¥1,788 million in notes and accounts payable and ¥1,192 million in notes payable for property, plant and equipment.」
Interest-bearing debt increased by ¥7,159 million from the end of the previous fiscal year, confirming that the upward trend continued through the full year. - FY2021-Q3RestatedAnnual report
「Liabilities increased by ¥9,765 million from the end of the previous consolidated fiscal year to ¥173,635 million. This was mainly attributable to a ¥16,842 million increase in interest-bearing debt, partly offset by decreases of ¥4,586 million in notes and accounts payable and ¥1,165 million in provisions.」
The upward trend in interest-bearing debt continued, with an increase of ¥16,842 million from the end of the previous fiscal year. - FY2021-Q2AdvancedAnnual report
「Liabilities increased by ¥9,211 million from the end of the previous consolidated fiscal year to ¥173,081 million. This was mainly attributable to a ¥16,792 million increase in interest-bearing debt, partly offset by decreases of ¥4,108 million in notes and accounts payable, ¥1,162 million in electronically recorded obligations, and ¥511 million in current income taxes payable.」
Interest-bearing debt increased by ¥16,792 million from the end of the previous consolidated fiscal year, further advancing the upward trend through the previous quarter. - FY2021-Q1Interest-bearing debt continued to increaseAnnual report
「Liabilities decreased by ¥328 million from the end of the previous consolidated fiscal year to ¥163,540 million. This was mainly attributable to a ¥4,548 million increase in interest-bearing debt, partly offset by decreases of ¥2,396 million in notes and accounts payable, ¥734 million in current income taxes payable, and ¥1,594 million in provisions.」
Although total liabilities decreased, interest-bearing debt increased by ¥4,548 million from the end of the previous consolidated fiscal year. - FY2020-Q3Increase in interest-bearing debtAnnual report
「Liabilities increased by ¥1,452 million from the end of the previous consolidated fiscal year to ¥176,672 million. This was mainly attributable to a ¥2,669 million increase in interest-bearing debt.」
Interest-bearing debt increased by ¥2,669 million from the end of the previous consolidated fiscal year, and the shift from a decrease to an increase through the previous quarter has continued. - FY2020-Q2AdvancedAnnual report
「Liabilities decreased by ¥15,138 million from the end of the previous consolidated fiscal year to ¥160,082 million. This was mainly attributable to an ¥11,828 million decrease in interest-bearing debt.」
Interest-bearing debt decreased by ¥11,828 million from the end of the previous fiscal year, while total liabilities decreased by ¥15,138 million. - FY2020-Q1Increase in interest-bearing debt due to the application of IFRS 16Annual report
「Liabilities increased by ¥2,185 million from the end of the previous consolidated fiscal year to ¥177,405 million. This was mainly attributable to a ¥2,713 million increase in interest-bearing debt, resulting primarily from an increase in lease liabilities due to the application of IFRS 16, partly offset by a ¥1,294 million decrease in provisions.」
Interest-bearing debt increased by ¥2,713 million from the end of the previous fiscal year, with the increase attributable in part to higher lease liabilities resulting from the application of IFRS 16. - FY2019Interest-bearing debt continued to increaseAnnual report
「Liabilities increased by ¥749 million from the end of the previous consolidated fiscal year to ¥175,220 million. This was mainly attributable to increases of ¥1,485 million in interest-bearing debt and ¥729 million in current income taxes payable, partly offset by decreases of ¥991 million in deferred tax liabilities and ¥574 million in asset retirement obligations.」
Interest-bearing debt increased by ¥1,485 million from the end of the previous fiscal year, confirming that the increase that began in fiscal 2018 continued through the full year. - FY2019-Q3Interest-bearing debt began to increaseAnnual report
「Liabilities increased by ¥8,404 million from the end of the previous consolidated fiscal year to ¥182,875 million. This was mainly attributable to a ¥9,091 million increase in interest-bearing debt.」
Interest-bearing debt increased by ¥9,091 million from the end of the previous consolidated fiscal year, reversing the downward trend through the previous quarter. - FY2019-Q2Interest-bearing debt began to decreaseAnnual report
「Liabilities decreased by ¥1,892 million from the end of the previous consolidated fiscal year to ¥172,578 million. This was mainly attributable to a ¥4,488 million decrease in interest-bearing debt, partly offset by a ¥1,961 million increase in accrued expenses for property, plant and equipment included in other current liabilities.」
Interest-bearing debt decreased by ¥4,488 million from the end of the previous consolidated fiscal year, reversing the increase in the previous quarter. - FY2019-Q1Interest-bearing debt began to increaseAnnual report
「Liabilities increased by ¥1,105 million from the end of the previous consolidated fiscal year to ¥175,576 million. This was mainly attributable to a ¥2,265 million increase in interest-bearing debt, partly offset by a ¥1,471 million decrease in provisions.」
Interest-bearing debt increased by ¥2,265 million from the end of the previous consolidated fiscal year, reversing the downward trend. - FY2018AdvancedAnnual report
「Liabilities decreased by ¥5,903 million from the end of the previous consolidated fiscal year to ¥175,266 million. This was mainly attributable to an ¥8,513 million decrease in interest-bearing debt.」
For the full year, interest-bearing debt decreased by ¥8,513 million from the end of the previous fiscal year, while total liabilities decreased by ¥5,903 million. - FY2018-Q3RestatedAnnual report
「Liabilities increased by ¥1,325 million from the end of the previous consolidated fiscal year to ¥182,496 million. This was mainly attributable to increases of ¥1,411 million in notes and accounts payable, ¥980 million in notes payable for property, plant and equipment included in other current liabilities, ¥889 million in accrued expenses for property, plant and equipment, and ¥1,003 million in deferred tax liabilities included in other non-current liabilities, partly offset by a ¥2,975 million decrease in interest-bearing debt.」
Although total liabilities increased, interest-bearing debt decreased by ¥2,975 million from the end of the previous consolidated fiscal year. - FY2018-Q2RestatedAnnual report
「Liabilities decreased by ¥1,583 million from the end of the previous consolidated fiscal year to ¥179,587 million. This was mainly attributable to a ¥1,782 million decrease in interest-bearing debt.」
Interest-bearing debt decreased by ¥1,782 million from the end of the previous consolidated fiscal year. - FY2018-Q1RestatedAnnual report
「Liabilities decreased by ¥636 million from the end of the previous consolidated fiscal year to ¥180,533 million. This was mainly attributable to decreases of ¥1,450 million in provisions and ¥346 million in interest-bearing debt, partly offset by a ¥1,208 million increase in notes and accounts payable.」
Following the full-year decrease, interest-bearing debt also decreased by ¥346 million from the end of the previous consolidated fiscal year in the first quarter under review. - FY2017For the full year, interest-bearing debt began to decreaseAnnual report
「Liabilities decreased by ¥12,959 million from the end of the previous consolidated fiscal year to ¥181,170 million. This was mainly attributable to a ¥12,832 million decrease in interest-bearing debt.」
Interest-bearing debt, which had begun to increase in the third quarter, decreased by ¥12,832 million from the end of the previous fiscal year on a full-year basis. - FY2017-Q3Interest-bearing debt began to increaseAnnual report
「Liabilities increased by ¥8,712 million from the end of the previous consolidated fiscal year to ¥202,841 million. This was mainly attributable to a ¥12,331 million increase in interest-bearing debt.」
Following the decrease in interest-bearing debt in the second quarter, interest-bearing debt increased by ¥12,331 million in the quarter under review. - FY2017-Q2First statedAnnual report
「Liabilities decreased by ¥11,177 million from the end of the previous consolidated fiscal year to ¥182,952 million. This was mainly due to decreases of ¥4,007 million in notes and accounts payable and ¥5,637 million in interest-bearing debt.」
Liabilities declined by ¥11,177 million and interest-bearing debt by ¥5,637 million from the previous fiscal year-end.