Interest Rate Fluctuation and Financing Risk
First written in FY2018. 19 of 25 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026.
System Support Holdings moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2017: 3 of 11 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The company and certain consolidated subsidiaries have entered into overdraft agreements and loan commitment agreements with 14 transaction banks, compared with 9 in the previous consolidated fiscal year, to obtain working capital efficiently.」
The number of transaction banks increased from 9 to 14, while total commitments increased from ¥3,020 million to ¥4,250 million and outstanding borrowings under these arrangements increased from ¥720 million to ¥1,250 million. Interest-bearing debt totaled ¥2,723 million. - FY2026-H1WorsenedAnnual report
「Some of our group and consolidated subsidiaries have entered into overdraft agreements and loan commitment agreements with 14 transaction banks (9 in the previous fiscal year) to obtain working capital efficiently.」
The number of transaction banks increased from 9 to 14, total overdraft limits and loan commitments increased from ¥3,020 million to ¥4,220 million, and borrowings drawn increased from ¥720 million to ¥1,685 million. Short-term borrowings also increased by ¥1,365 million, indicating greater dependence on financing. - FY2025WorsenedAnnual report
「As of the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, totaled ¥1,985 million. Cash and cash equivalents totaled ¥5,119 million.」
Interest-bearing debt increased from ¥1,061 million at the end of the previous fiscal year to ¥1,985 million, and ¥1,128 million in proceeds from long-term borrowings was recorded. Cash and cash equivalents increased to ¥5,119 million, but reliance on borrowings increased. - FY2025-H1WorsenedAnnual report
「Total liabilities at the end of the interim consolidated accounting period increased by ¥2,061 million from the end of the previous fiscal year to ¥6,934 million. This was mainly due to increases of ¥761 million in long-term borrowings, ¥700 million in short-term borrowings and ¥416 million in long-term accounts payable included in Other non-current liabilities.」
At the end of the first half, total liabilities increased by ¥2,061 million from the end of the previous fiscal year, including increases of ¥761 million in long-term borrowings and ¥700 million in short-term borrowings. Dependence on borrowings related to the existing financing and interest-rate risk increased further in the quarterly report. - FY2024MitigatedAnnual report
「As of the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, totaled ¥1,061 million. Cash and cash equivalents totaled ¥3,532 million.」
Interest-bearing debt decreased from ¥1,207 million at the end of the previous fiscal year to ¥1,061 million, while cash and cash equivalents increased from ¥2,987 million to ¥3,532 million. Financial capacity indicators related to financing and interest-rate risk improved from the previous fiscal year. - FY2024-Q3WorsenedAnnual report
「Total overdraft limits and loan commitments ¥2,670,000 thousand ¥2,770,000 thousand Borrowings drawn 695,000 1,037,000」
From the end of the previous fiscal year to the end of the third quarter of the current fiscal year, total overdraft limits and loan commitments increased from ¥2,670 million to ¥2,770 million, and borrowings drawn increased from ¥695 million to ¥1,037 million. Short-term borrowings on the balance sheet also totaled ¥1,138 million. - FY2024-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter of the current fiscal year increased by ¥199 million from the end of the previous fiscal year to ¥4,945 million. This was mainly due to an increase of ¥830 million in short-term borrowings and a decrease of ¥643 million in accrued expenses included in Other current liabilities.」
Short-term borrowings increased by ¥830 million from ¥695 million at the end of the previous fiscal year to ¥1,525 million, while borrowings drawn increased from ¥695 million to ¥1,325 million. Dependence on financing increased during the first half. quantified is true, materialized is false. - FY2024-Q1WorsenedAnnual report
「This was mainly due to increases of ¥411 million in short-term borrowings and ¥301 million in the provision for bonuses, and decreases of ¥736 million in Other current liabilities, ¥171 million in liabilities related to retirement benefits and ¥71 million in income taxes payable.」
Short-term borrowings increased by ¥411 million from ¥695 million at the end of the previous fiscal year to ¥1,106 million, while borrowings drawn increased from ¥695 million to ¥1,005 million. Dependence on financing increased during the quarter. - FY2023MitigatedAnnual report
「As of the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, totaled ¥1,207 million. Cash and cash equivalents totaled ¥2,987 million.」
Interest-bearing debt declined slightly from ¥1,209 million at the end of the previous fiscal year to ¥1,207 million, while cash and cash equivalents totaled ¥2,987 million. Short-term borrowings also decreased from ¥825 million to ¥695 million. - FY2023-Q3WorsenedAnnual report
「This was mainly due to increases of ¥350 million in the provision for bonuses, ¥263 million in accounts payable and ¥237 million in short-term borrowings, and a decrease of ¥689 million in Other current liabilities.」
Short-term borrowings increased by ¥237 million from the end of the previous fiscal year to ¥1,062 million. The total overdraft limits and loan commitments with 9 transaction banks also increased from ¥2,470 million to ¥2,670 million, while borrowings drawn increased from ¥825 million to ¥961 million. quantified is true, materialized is false. - FY2023-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter of the current fiscal year decreased by ¥25 million from the end of the previous fiscal year to ¥4,368 million. This was mainly due to an increase of ¥540 million in short-term borrowings and decreases of ¥532 million in Other and ¥47 million in income taxes payable.」
Short-term borrowings increased by ¥540 million from the end of the previous fiscal year to ¥1,365 million, while borrowings drawn increased from ¥825 million to ¥1,165 million. - FY2023-Q1WorsenedAnnual report
「Total liabilities at the end of the first quarter of the current fiscal year decreased by ¥320 million from the end of the previous fiscal year to ¥4,073 million. This was mainly due to increases of ¥275 million in short-term borrowings and ¥265 million in the provision for bonuses, and decreases of ¥673 million in Other and ¥211 million in income taxes payable.」
Short-term borrowings increased by ¥275 million from ¥825 million at the end of the previous fiscal year to ¥1,100 million, while borrowings drawn increased from ¥825 million to ¥1,010 million. - FY2022WorsenedAnnual report
「As of the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, totaled ¥1,209 million. Cash and cash equivalents totaled ¥2,702 million.」
Interest-bearing debt increased from ¥1,002 million at the end of the previous fiscal year to ¥1,209 million, and short-term borrowings increased from ¥695 million to ¥825 million. Cash and cash equivalents totaled ¥2,702 million. - FY2022-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current fiscal year increased by ¥23 million from the end of the previous fiscal year to ¥3,693 million. This was mainly due to increases of ¥297 million in the provision for bonuses under current liabilities and ¥285 million in short-term borrowings, and a decrease of ¥516 million in Other.」
Short-term borrowings increased by ¥285 million from the end of the previous fiscal year to ¥980 million, while borrowings drawn increased from ¥645 million to ¥890 million. Dependence on financing increased further in quantitative terms. quantified is true, materialized is false. - FY2022-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter of the current fiscal year increased by ¥159 million from the end of the previous fiscal year to ¥3,828 million. This was mainly due to an increase of ¥540 million in short-term borrowings under current liabilities and a decrease of ¥392 million in Other.」
Short-term borrowings increased from ¥695 million at the end of the previous fiscal year to ¥1,235 million, while borrowings drawn increased from ¥645 million to ¥1,055 million. The total overdraft limits and loan commitments also increased from ¥2,410 million to ¥2,590 million. - FY2022-Q1WorsenedAnnual report
「Total liabilities at the end of the first quarter of the current fiscal year decreased by ¥146 million from the end of the previous fiscal year to ¥3,522 million. This was mainly due to increases of ¥305 million in short-term borrowings under current liabilities and ¥215 million in the provision for bonuses, and decreases of ¥510 million in Other, ¥110 million in income taxes payable and ¥20 million in long-term borrowings under non-current liabilities.」
Short-term borrowings increased by ¥305 million from ¥695 million at the end of the previous fiscal year to ¥1,000 million, while borrowings drawn increased from ¥645 million to ¥770 million. The amount drawn increased. - FY2021MitigatedAnnual report
「As of the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, totaled ¥1,002 million. Cash and cash equivalents totaled ¥2,199 million.」
Interest-bearing debt decreased from ¥1,081.557 million at the end of the previous fiscal year to ¥1,002.973 million, while cash and cash equivalents totaled ¥2,199 million. The company also explained that its relationships with financial institutions were good and that it had been able to obtain the funds it needed without difficulty. - FY2021-Q3WorsenedAnnual report
「This was mainly due to increases of ¥281 million in the provision for bonuses and ¥270 million in short-term borrowings, and a decrease of ¥514 million in accrued expenses included in Other.」
Short-term borrowings increased by ¥270 million from the end of the previous fiscal year to ¥950 million, while borrowings drawn increased from ¥630 million to ¥720 million. - FY2021-Q2WorsenedAnnual report
「This was mainly due to increases of ¥495 million in short-term borrowings and ¥20 million in income taxes payable, and decreases of ¥420 million in accrued expenses included in Other and ¥106 million in consumption taxes payable included in Other.」
Short-term borrowings increased by ¥495 million from ¥680 million at the end of the previous fiscal year to ¥1,175 million, while borrowings drawn increased from ¥630 million to ¥810 million. - FY2021-Q1WorsenedAnnual report
「Short-term borrowings under current liabilities increased by ¥270 million, and the provision for bonuses increased by ¥205 million.」
Short-term borrowings increased from ¥680 million at the end of the previous fiscal year to ¥950 million. The amount drawn under overdraft agreements and other facilities also increased from ¥630 million to ¥720 million, indicating an increase in borrowings drawn. - FY2020-Q3Disclosure of increased borrowing facilitiesAnnual report
「We have entered into overdraft agreements and loan commitment agreements with 9 transaction banks (in the previous fiscal year, with 8 transaction banks).」
The number of transaction banks increased from 8 to 9, while the total overdraft limits and loan commitments increased from ¥2,280 million to ¥2,390 million. - FY2019RestatedAnnual report
「Because financing is conducted primarily through bank borrowings, the company is affected by changes in interest rates.」
The risks of interest-rate fluctuations and future financing availability associated with financing centered on bank borrowings remain ongoing. - FY2018First statedAnnual report
「Because financing is conducted primarily through bank borrowings, the company is affected by changes in interest rates.」
The disclosure describes the risk of higher interest rates resulting from financing centered on bank borrowings, as well as the lack of assurance that sufficient financing will be available in the future.