Reliance on Borrowings, Rising Interest Rates and Financial Covenants
First written in FY2021. 15 of 16 entries say "Mitigated", first in FY2022-Q2. Latest entry: 2026-10-14.
The whole theme swung hardest in 2017: 8 of 54 companies on the "Worse" side.
52 other companies' latest entry also says "Mitigated".
- 2026-10-14MitigatedEarnings
「長期借入金の減少708百万円」
中間期末の長期借入金が前期末から708百万円減少した。 - FY2027-H1MitigatedAnnual report
「The main reason for the decrease in non-current liabilities was a ¥708 million decrease in long-term borrowings, despite a ¥264 million increase in other financial liabilities.」
Long-term borrowings decreased by ¥708 million as of the end of the interim period, continuing the reduction in borrowings-dependent balances. - FY2026MitigatedAnnual report
「At the end of the consolidated fiscal year, consolidated interest-bearing debt, comprising current portion of long-term borrowings and long-term borrowings, stood at ¥7,117 million, representing 9.7% of total assets.」
Interest-bearing debt declined from ¥8,558 million in the previous fiscal year to ¥7,117 million, while its ratio to assets declined from 12.5% to 9.7%. The company continues to improve its interest rate terms through repayments and refinancing. - 2026-04-09MitigatedEarnings
「This was due to a ¥1,420 million decrease in long-term borrowings resulting from the repayment of borrowings.」
Long-term borrowings decreased by ¥1,420 million, reducing reliance on debt. - FY2026-H1MitigatedAnnual report
「The main reason for the increase in non-current liabilities was a ¥771 million increase in deferred tax liabilities, despite a ¥710 million decrease in long-term borrowings.」
At the end of the interim period, long-term borrowings declined by ¥710 million, continuing to reduce the balance associated with reliance on borrowings. - FY2025MitigatedAnnual report
「At the end of the consolidated fiscal year, consolidated interest-bearing debt stood at ¥8,558 million, representing 12.5% of total assets.」
Interest-bearing debt declined from ¥9,942 million in the previous fiscal year to ¥8,558 million, while its ratio to assets declined to 12.5%. The company continues to report the improvement in interest rate terms from the February 2024 refinancing. - FY2025-H1MitigatedAnnual report
「The main reason for the decrease in non-current liabilities was a ¥700 million decrease in long-term borrowings.」
At the end of the interim period, long-term borrowings declined by ¥700 million, further reducing the balance associated with reliance on borrowings. - FY2024MitigatedAnnual report
「At the end of the consolidated fiscal year, consolidated interest-bearing debt stood at ¥9,942 million, representing 15.1% of total assets. The company refinanced its borrowings in February 2024, improving its interest rate terms.」
Interest-bearing debt declined from ¥12,212 million in the previous fiscal year to ¥9,942 million, while its ratio to assets declined to 15.1%. The February 2024 refinancing also improved the interest rate terms. - FY2024-Q3MitigatedAnnual report
「The main reason for the decrease in non-current liabilities was a ¥985 million decrease in long-term borrowings, despite a ¥427 million increase in deferred tax liabilities.」
Long-term borrowings declined by ¥985 million, further reducing the balance associated with reliance on borrowings. - FY2024-Q2MitigatedAnnual report
「The main reason for the decrease in non-current liabilities was a ¥989 million decrease in long-term borrowings.」
At the end of the second quarter, long-term borrowings declined by ¥989 million, further reducing the balance associated with reliance on borrowings. - FY2023-Q3MitigatedAnnual report
「The main reason for the decrease in non-current liabilities was a ¥982 million decrease in long-term borrowings, despite a ¥320 million increase in other financial liabilities due to an increase in lease liabilities associated with the renewal of the head office lease.」
At the end of the third quarter, long-term borrowings declined by ¥982 million, further reducing the balance associated with reliance on borrowings. - FY2023-Q2MitigatedAnnual report
「The main reason for the decrease in non-current liabilities was a ¥987 million decrease in long-term borrowings, despite a ¥316 million increase in other financial liabilities due to an increase in lease liabilities associated with the renewal of the head office lease.」
At the end of the second quarter, long-term borrowings declined by ¥987 million, further reducing the balance associated with reliance on borrowings. - FY2022MitigatedAnnual report
「At the end of the consolidated fiscal year, consolidated interest-bearing debt, comprising current portion of long-term borrowings and long-term borrowings, stood at ¥14,188 million, representing 24.1% of total assets.」
Interest-bearing debt declined from ¥16,161 million to ¥14,188 million, while its ratio to assets declined from 28.9% to 24.1%. - FY2022-Q3MitigatedAnnual report
「The main reason for the decrease in non-current liabilities was a ¥980 million decrease in long-term borrowings resulting from the repayment of borrowings.」
Repayment of borrowings reduced long-term borrowings by ¥980 million, further reducing the balance associated with reliance on borrowings. - FY2022-Q2MitigatedAnnual report
「The main reason for the decrease in non-current liabilities was a ¥986 million decrease in long-term borrowings resulting from the repayment of borrowings.」
Repayment of borrowings reduced long-term borrowings by ¥986 million, further reducing the balance associated with reliance on borrowings. - FY2021First statedAnnual report
「The Group has entered into loan agreements with financial institutions as lenders and has a relatively high degree of reliance on interest-bearing debt. At the end of the consolidated fiscal year, consolidated interest-bearing debt stood at ¥16,161 million, representing 28.9% of total assets.」
The company indicates the borrowing balance, its ratio to assets, financial covenants and the risk of lump-sum repayment, while also reporting loan repayments and refinancing.