Interest Rate and Creditworthiness Risks Associated with Higher Interest-Bearing Debt
First written in FY2022. 5 of 9 entries say "Worsened", first in FY2023-Q1. Latest entry: FY2026-H1.
WonderPlanet moved to the "Worse" side of this theme in 2025, 4 years after 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".
- FY2026-H1WorsenedAnnual report
「Non-current liabilities amounted to ¥766.678 million, an increase of ¥102.288 million from the end of the previous fiscal year. This was due to a ¥182.288 million increase in long-term borrowings, despite an ¥80.000 million decrease in bonds.」
Long-term borrowings increased by ¥182.288 million, and non-current liabilities also increased by ¥102.288 million. The debt balance underlying the interest-rate and credit risks associated with rising interest-bearing debt has expanded. - FY2025WorsenedAnnual report
「In addition to equity financing, we finance the development and operation of mobile games through bank borrowings and bond issuances, and the interest-bearing debt ratio remains high. Accordingly, if interest rates fluctuate due to changes in financial conditions or our creditworthiness declines, higher interest expense and other factors could affect our business, results of operations and financial position.」
The interest-bearing debt ratio remains high, and the combined balance of bonds and long-term borrowings increased from ¥689.441 million at the end of the previous fiscal year to ¥707.504 million at the end of the fiscal year. - FY2025-H1WorsenedAnnual report
「Non-current liabilities amounted to ¥647.076 million, an increase of ¥201.262 million from the end of the previous fiscal year. This was mainly due to a ¥300.000 million increase in bonds, despite a ¥103.468 million decrease in long-term borrowings.」
While repayments of long-term borrowings progressed, bonds increased by ¥300.000 million, resulting in a ¥201.262 million increase in non-current liabilities from the end of the previous fiscal year. - FY2024WorsenedAnnual report
「In addition to equity financing, we finance the development and operation of mobile games through bank borrowings and bond issuances, and the interest-bearing debt ratio remains high.」
The combined balance of long-term borrowings and bonds increased from ¥425.261 million at the end of the previous fiscal year to ¥689.441 million, and the interest-bearing debt ratio remains high. - FY2024-Q3MitigatedAnnual report
「Non-current liabilities amounted to ¥128.088 million, a decrease of ¥292.885 million from the end of the previous fiscal year. This was due to decreases of ¥196 million in corporate bonds and ¥96.885 million in long-term borrowings.」
Repayments of bonds and long-term borrowings significantly reduced non-current liabilities, lowering the debt balance underlying the interest-rate and credit risks associated with interest-bearing debt. - FY2024-Q2MitigatedAnnual report
「Non-current liabilities amounted to ¥201.829 million, a decrease of ¥219.144 million from the end of the previous fiscal year. This was due to decreases of ¥149.000 million in bonds and ¥70.144 million in long-term borrowings.」
Repayments of bonds and long-term borrowings reduced non-current liabilities by ¥219.144 million, lowering the debt balance underlying the interest-rate and credit risks associated with rising interest-bearing debt. - FY2023MitigatedAnnual report
「In addition to equity financing, we finance the development and operation of our titles through bank borrowings and bond issuances. Although the interest-bearing debt ratio has declined from the previous fiscal year, it remains high.」
The filing states that, although the interest-bearing debt ratio remains high, it has declined from the previous fiscal year. - FY2023-Q1WorsenedAnnual report
「Non-current liabilities amounted to ¥810.192 million, an increase of ¥58.931 million from the end of the previous fiscal year. This was due mainly to a ¥119.000 million increase in bonds, resulting from financing conducted to strengthen the financial position and secure the funds necessary for medium- to long-term business growth, despite a ¥60.069 million decrease in long-term borrowings due to repayments.」
Bonds increased by ¥119.000 million as a result of financing, and non-current liabilities increased by ¥58.931 million from the end of the previous fiscal year. The quarterly results confirm an increase in interest-bearing debt underlying the interest-rate and credit risks. - FY2022First statedAnnual report
「In addition to equity financing, we have recently financed the development and operation of our titles through bank borrowings and bond issuances, resulting in an increase in interest-bearing debt. Accordingly, if interest rates fluctuate due to changes in financial conditions or our creditworthiness declines, higher interest expense and other factors could affect our business, results of operations and financial position.」
Against the backdrop of increased financing through bank borrowings and bond issuances, the impact of interest-rate fluctuations and declining creditworthiness on interest expense and other items is identified as a new risk.