Impact of Higher Market Interest Rates on Finance Costs and Financial Performance
First written in FY2016. 18 of 21 entries say "Worsened", first in FY2017. Latest entry: FY2026.
Rengo moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
39 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The group's interest-bearing debt stood at ¥483,980 million at the end of the fiscal year.」
Interest-bearing debt exposed to the risk of higher market interest rates increased from ¥448,529 million in the previous year to ¥483,980 million. - FY2026-H1WorsenedAnnual report
「Liabilities amounted to ¥763,225 million, mainly due to an increase in bonds, up ¥20,353 million from the end of the previous consolidated fiscal year.」
Liabilities, including bonds, increased, expanding exposure to finance costs when market interest rates rise. - FY2025WorsenedAnnual report
「The group's interest-bearing debt stood at ¥448,529 million at the end of the fiscal year.」
Interest-bearing debt exposed to the risk of higher market interest rates increased to ¥448,529 million. - FY2025-H1WorsenedAnnual report
「Liabilities amounted to ¥748,183 million, mainly due to increases in notes and accounts payable and long- and short-term borrowings, up ¥14,646 million from the end of the previous consolidated fiscal year.」
Liabilities, including short- and long-term borrowings, increased, expanding exposure to finance costs when market interest rates rise. The occurrence of higher market interest rates itself was not disclosed. - FY2024WorsenedAnnual report
「The Group's interest-bearing debt amounted to ¥437,669 million as of the end of the consolidated fiscal year. Although the Group is making concerted efforts to reduce interest-bearing debt, it is exposed to interest-rate fluctuation risk, and an increase in market interest rates could affect the Group's operating results, financial position and other aspects of its business.」
Interest-bearing debt exposed to the risk of higher market interest rates increased to ¥437,669 million. The occurrence of higher market interest rates itself was not disclosed. - FY2024-Q3WorsenedAnnual report
「Liabilities amounted to ¥729,101 million, mainly due to increases in long- and short-term borrowings and notes and accounts payable, up ¥61,696 million from the end of the previous consolidated fiscal year.」
Liabilities, including short- and long-term borrowings, increased, expanding exposure to finance costs when market interest rates rise. The occurrence of higher market interest rates itself was not disclosed. - FY2024-Q2WorsenedAnnual report
「Liabilities amounted to ¥706,436 million, mainly due to increases in long- and short-term borrowings and notes and accounts payable, up ¥39,031 million from the end of the previous consolidated fiscal year.」
Liabilities, including short- and long-term borrowings, increased, expanding exposure to finance costs when market interest rates rise. The occurrence of higher market interest rates itself was not disclosed. - FY2024-Q1WorsenedAnnual report
「Liabilities amounted to ¥683,536 million, mainly due to an increase in long- and short-term borrowings, up ¥16,131 million from the end of the previous consolidated fiscal year.」
Liabilities, including short- and long-term borrowings, increased, expanding exposure to finance costs when market interest rates rise. The occurrence of higher market interest rates itself was not disclosed. - FY2023WorsenedAnnual report
「The Group's interest-bearing debt amounted to ¥404,289 million as of the end of the consolidated fiscal year. Although the Group is making concerted efforts to reduce interest-bearing debt, it is exposed to interest-rate fluctuation risk, and an increase in market interest rates could affect the Group's operating results, financial position and other aspects of its business.」
Interest-bearing debt exposed to the risk of higher interest rates increased to ¥404,289 million. - FY2023-Q3WorsenedAnnual report
「Liabilities amounted to ¥682,312 million, mainly due to increases in long- and short-term borrowings and notes and accounts payable, up ¥102,256 million from the end of the previous consolidated fiscal year.」
Liabilities, including short- and long-term borrowings, increased, expanding exposure to finance costs when market interest rates rise. The occurrence of higher interest rates itself was not disclosed. - FY2023-Q2WorsenedAnnual report
「Liabilities amounted to ¥631,199 million, mainly due to increases in long- and short-term borrowings and notes and accounts payable, up ¥51,143 million from the end of the previous consolidated fiscal year.」
Liabilities, including short- and long-term borrowings, increased by ¥51,143 million from the end of the previous fiscal year, expanding exposure to finance costs when market interest rates rise. - FY2023-Q1WorsenedAnnual report
「Liabilities amounted to ¥613,333 million, mainly due to increases in short-term borrowings and notes and accounts payable, up ¥33,277 million from the end of the previous consolidated fiscal year.」
The increase in liabilities, including higher short-term borrowings, expanded exposure to finance costs when market interest rates rise. - FY2022-Q3WorsenedAnnual report
「Liabilities amounted to ¥590,825 million, mainly due to increases in notes and accounts payable and long- and short-term borrowings, up ¥45,296 million from the end of the previous consolidated fiscal year.」
The increase in liabilities, including higher short- and long-term borrowings, expanded exposure to finance costs when market interest rates rise. - FY2022-Q2WorsenedAnnual report
「Liabilities amounted to ¥557,059 million, mainly due to increases in long- and short-term borrowings and notes and accounts payable, despite a decline in bonds, up ¥11,530 million from the end of the previous consolidated fiscal year.」
Liabilities, including borrowings exposed to the risk of higher market interest rates, increased by ¥11,530 million from the end of the previous fiscal year, expanding exposure to interest-rate movements. - FY2022-Q1WorsenedAnnual report
「Liabilities amounted to ¥559,416 million, mainly due to an increase in long- and short-term borrowings, up ¥13,887 million from the end of the previous consolidated fiscal year.」
Borrowings exposed to the risk of higher market interest rates increased, and liabilities rose by ¥13,887 million from the end of the previous fiscal year. - FY2020WorsenedAnnual report
「The group's interest-bearing debt stood at ¥323,614 million at the end of the fiscal year.」
Interest-bearing debt exposed to the risk of higher market interest rates stood at ¥323,614 million, increasing from the previous year. - FY2019MitigatedAnnual report
「The group's interest-bearing debt stood at ¥283,071 million at the end of the fiscal year. Although the group is actively working to reduce its interest-bearing debt, it is exposed to interest-rate risk, and higher market interest rates could affect its operating performance and financial position.」
The company continued to disclose the risk of higher interest rates, while interest-bearing debt declined from ¥287,322 million in the previous year to ¥283,071 million. - FY2019-Q1MitigatedAnnual report
「Liabilities totaled ¥475,888 million, mainly due to decreases in short- and long-term borrowings and trade payables, a decrease of ¥9,231 million from the end of the previous consolidated fiscal year.」
Short- and long-term borrowings declined, reducing the amount of debt exposed to the risk of higher market interest rates from the end of the previous consolidated fiscal year. - FY2018WorsenedAnnual report
「The group's interest-bearing debt stood at ¥287,322 million at the end of the fiscal year. Although the group is actively working to reduce its interest-bearing debt, it is exposed to interest-rate risk, and higher market interest rates could affect its operating performance and financial position.」
The company continued to disclose the risk of higher interest rates, while interest-bearing debt increased from ¥283,350 million at the end of the previous fiscal year to ¥287,322 million. - FY2017WorsenedAnnual report
「The group's interest-bearing debt stood at ¥283,350 million at the end of the fiscal year. Although the group is actively working to reduce its interest-bearing debt, it is exposed to interest-rate risk, and higher market interest rates could affect its operating performance and financial position.」
The company continued to disclose the risk of higher interest rates, while interest-bearing debt increased from ¥264,748 million at the end of the previous fiscal year to ¥283,350 million. - FY2016First statedAnnual report
「The group's interest-bearing debt stood at ¥264,748 million at the end of the fiscal year. Although the group is actively working to reduce its interest-bearing debt, it is exposed to interest-rate risk, and higher market interest rates could affect its operating performance and financial position.」
The company disclosed the balance of interest-bearing debt and the potential impact of higher interest rates.