Reliance on Borrowing and Rising Funding Costs
First written in FY2018. 19 of 27 entries say "Mitigated", first in FY2019-Q1. Latest entry: 2026-08-14.
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
23 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Cash used in financing activities during the current interim consolidated accounting period was ¥13 million. This was due to ¥13 million in repayments of long-term borrowings.」
¥13 million in repayments of long-term borrowings was recorded, and exposure relating to the outstanding borrowing balance and financing costs continues to decline. - FY2025MitigatedAnnual report
「The borrowings were obtained to fund working capital and are exposed to interest rate fluctuation risk because they carry variable interest rates. However, the risk is minor because final repayment is scheduled for January 2026.」
Interest-bearing debt decreased from ¥200 million at the end of the previous fiscal year to ¥13 million, indicating that final repayment is scheduled for January 2026. Exposure to reliance on borrowings and interest rate fluctuation risk has decreased. - FY2025-H1MitigatedAnnual report
「This was due to a ¥110 million decrease in long-term borrowings, including long-term borrowings due for repayment within one year.」
Long-term borrowings, including the portion due for repayment within one year, decreased from ¥200 million at the end of the previous consolidated fiscal year to ¥90 million at the end of the current interim consolidated accounting period, while long-term borrowings under non-current liabilities fell to zero. Exposure to outstanding borrowings has decreased. - FY2024MitigatedAnnual report
「We fund most of the necessary capital for our smartphone app-related business through borrowings, mainly from financial institutions. Interest-bearing debt stood at ¥200 million as of the end of the current consolidated fiscal year.」
Interest-bearing debt decreased from ¥555 million at the end of the previous fiscal year to ¥200 million, reducing exposure to reliance on borrowings. - FY2024-Q2MitigatedAnnual report
「This was mainly due to a ¥120 million increase in accounts payable, a ¥952 million decrease in income taxes payable, a ¥756 million decrease in consumption taxes payable included in “Other” under current liabilities, and a ¥209 million decrease in long-term borrowings, including long-term borrowings due for repayment within one year.」
Long-term borrowings, including the portion due for repayment within one year, decreased by ¥209 million, reducing exposure to outstanding borrowings from ¥555 million at the end of September 2023 to ¥346 million at the end of the second quarter of the current fiscal year. - FY2024-Q1MitigatedAnnual report
「Long-term borrowings due for repayment within one year 374 304 Long-term borrowings 181 145」
The combined balance of long-term borrowings due for repayment within one year and long-term borrowings decreased from ¥555 million at the end of the previous consolidated fiscal year to ¥449 million at the end of the first quarter of the current fiscal year, reducing exposure to outstanding borrowings. - FY2023MitigatedAnnual report
「We fund most of the necessary capital for our smartphone app-related business through borrowings, mainly from financial institutions. Interest-bearing debt stood at ¥555 million as of the end of the current consolidated fiscal year.」
Interest-bearing debt decreased from ¥1,280 million at the end of the previous consolidated fiscal year to ¥555 million, and short-term borrowings fell to zero. This discloses a reduction in exposure represented by the outstanding borrowing balance. - FY2023-Q3MitigatedAnnual report
「Long-term borrowings due for repayment within one year 394 Long-term borrowings 263」
Borrowings at the end of the third quarter totaled ¥657 million, comprising ¥394 million in long-term borrowings due for repayment within one year and ¥263 million in long-term borrowings, down from ¥979 million at the end of the previous consolidated fiscal year and ¥764 million at the end of the previous quarter. - FY2023-Q2MitigatedAnnual report
「This was due to a net decrease of ¥300 million in short-term borrowings, ¥215 million in repayments of long-term borrowings, and ¥3 million in proceeds from the exercise of stock options.」
The balance of borrowings decreased from ¥1,279 million at the end of the previous consolidated fiscal year to ¥764 million, due to a net decrease of ¥300 million in short-term borrowings and ¥215 million in repayments of long-term borrowings. - FY2023-Q1MitigatedAnnual report
「Short-term borrowings 300 — Long-term borrowings due for repayment within one year 424 425 Long-term borrowings 555 449」
Short-term borrowings decreased from ¥300 million at the end of the previous consolidated fiscal year to zero, while total long-term borrowings also decreased from ¥979 million to ¥874 million. Exposure to outstanding borrowings decreased. - FY2022-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥1,828.054 million, an increase of ¥81.015 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥450 million increase in short-term borrowings and a ¥357.372 million decrease in long-term borrowings, including long-term borrowings due for repayment within one year.」
While long-term borrowings decreased, short-term borrowings increased by ¥450 million, and total liabilities increased by ¥81.015 million, resulting in greater exposure to reliance on borrowings. - FY2022-Q1WorsenedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥1,943.126 million, an increase of ¥196.088 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥300 million increase in short-term borrowings and a ¥122.268 million decrease in long-term borrowings, including long-term borrowings due for repayment within one year.」
Short-term borrowings increased by ¥300 million, exceeding the decrease in long-term borrowings, resulting in a ¥196.088 million increase in total liabilities and greater exposure to reliance on borrowings. - FY2021MitigatedAnnual report
「Interest-bearing debt stood at ¥1,447 million as of the end of the consolidated fiscal year.」
Interest-bearing debt decreased by ¥81.909 million, from ¥1,528.919 million at the end of the previous consolidated fiscal year to ¥1,447.010 million, reducing exposure to outstanding borrowings. - FY2021-Q3MitigatedAnnual report
「Total liabilities as of the end of the third quarter of the consolidated fiscal year stood at ¥1,700.388 million, down ¥226.314 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥93.908 million decrease in advances received included in “Other” under current liabilities and a ¥161.875 million decrease in long-term borrowings, including the current portion.」
Long-term borrowings, including the current portion, decreased by ¥161.875 million from the end of the previous consolidated fiscal year, reducing the exposure represented by outstanding borrowings. - FY2021-Q2MitigatedAnnual report
「This was mainly due to a ¥119.895 million decrease in advances received included in “Other” under current liabilities and a ¥33.964 million decrease in long-term borrowings, including the current portion.」
Long-term borrowings, including the current portion, decreased by ¥33.964 million from the end of the previous consolidated fiscal year, reducing the exposure represented by outstanding borrowings. - FY2021-Q1WorsenedAnnual report
「Current portion of long-term borrowings ¥528.372 million ¥500.324 million Long-term borrowings ¥1,000.547 million ¥1,066.750 million」
The combined current portion and long-term borrowings increased from ¥1,528.919 million at the end of the previous consolidated fiscal year to ¥1,567.074 million at the end of the first quarter, increasing the exposure represented by outstanding borrowings. - FY2020-Q3WorsenedAnnual report
「The main components were cash and deposits of ¥1,908.341 million and accounts receivable of ¥427.062 million.」
Although this quotation itself presents a breakdown of assets, long-term borrowings, including the current portion, stood at ¥890.074 million at the end of the same quarter, up from ¥863.239 million in the previous quarter. The exposure represented by outstanding borrowings increased. - FY2020-Q2MitigatedAnnual report
「The main components were long-term borrowings, including the current portion, of ¥863.239 million and accounts payable of ¥259.197 million.」
Long-term borrowings, including the current portion, decreased from ¥993.934 million reported in the previous quarterly report to ¥863.239 million, reducing the exposure represented by outstanding borrowings. - FY2020-Q1MitigatedAnnual report
「The main components were long-term borrowings of ¥993.934 million and accounts payable of ¥214.096 million.」
Long-term borrowings decreased from interest-bearing debt of ¥1,112 million at the end of the fiscal year ended September 2019 to ¥993.934 million, reducing the exposure represented by outstanding borrowings. - FY2019WorsenedAnnual report
「Interest-bearing debt stood at ¥1,112 million as of the end of the fiscal year.」
Interest-bearing debt increased from ¥820 million in the previous year to ¥1,112 million, while the risks of higher funding costs due to a credit-rating downgrade or interest-rate fluctuations continued. - FY2019-Q3WorsenedAnnual report
「This was mainly due to a ¥150 million decrease in short-term borrowings and a ¥307.896 million increase in long-term borrowings, including the current portion.」
While short-term borrowings decreased, long-term borrowings increased by ¥307.896 million, and total liabilities also increased by ¥193.839 million from the end of the previous fiscal year. - FY2019-Q2WorsenedAnnual report
「This was mainly due to a ¥336.036 million increase in long-term borrowings, including the current portion.」
Long-term borrowings increased by ¥336.036 million from the end of the previous fiscal year, increasing the exposure represented by outstanding borrowings. - FY2019-Q1MitigatedAnnual report
「This was mainly due to a ¥150 million decrease in short-term borrowings, a ¥155.509 million decrease in long-term borrowings, including the current portion, and a ¥51.893 million decrease in accounts payable.」
Short-term and long-term borrowings decreased from the end of the previous fiscal year, reducing the exposure represented by outstanding borrowings. - FY2018First statedAnnual report
「As a result, interest-bearing debt stood at ¥820 million as of 30 November 2018. As of the date of submission of this document, there are no concerns regarding the company's ability to raise the funds it needs because its relationships with financial institutions are sound. However, if funding were to become difficult for any reason in the future, including a downgrade in the company's credit rating or an increase in funding costs due to interest-rate fluctuations, this could affect its results of operations and financial position.」
The company disclosed interest-bearing debt of ¥820 million and identified as risks a credit-rating downgrade, higher funding costs due to interest-rate fluctuations, and difficulty raising funds.