Capital Management Based on Net Interest-Bearing Debt
First written in FY2020. 1 of 8 entries say "Mitigated", first in FY2025. Latest entry: FY2026.
Jmdc moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2017: 3 of 14 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2026Net interest-bearing debt increasedAnnual report
「Net interest-bearing debt (net) 14,715 23,098」
Net interest-bearing debt increased from ¥14,715 million in the previous fiscal year to ¥23,098 million. - 2026-05-08WorsenedRevision of earnings forecasts
「Cash and cash equivalents at the end of the current consolidated fiscal year, hereinafter referred to as “funds,” decreased by ¥3,225 million from the end of the previous consolidated fiscal year to ¥28,950 million.」
Comparing borrowings of ¥41,498 million and lease liabilities of ¥10,548 million with cash of ¥28,950 million, net interest-bearing debt was approximately ¥23,096 million, up from approximately ¥14,712 million at the end of the previous fiscal year. - FY2025MitigatedAnnual report
「Net interest-bearing debt (net) 23,360 14,715」
Net interest-bearing debt decreased from ¥23,360 million in the previous fiscal year to ¥14,715 million. - FY2025-H1Net interest-bearing debt decreasedAnnual report
「Cash and cash equivalents at the end of the interim consolidated accounting period increased by ¥12,982 million from the end of the previous consolidated fiscal year to ¥27,456 million.」
Cash and cash equivalents increased from ¥14,473 million to ¥27,456 million. Net interest-bearing debt, including borrowings and lease liabilities, decreased from ¥23,360 million at the end of the previous fiscal year to approximately ¥19,350 million. - FY2024Net interest-bearing debt turned positive and increased againAnnual report
「Net interest-bearing debt (net) △2,382 23,360」
Net interest-bearing debt changed from negative ¥2,382 million in the previous fiscal year to ¥23,360 million, shifting again from a net asset position to a net interest-bearing debt position. - FY2023Net interest-bearing debt turned negativeAnnual report
「Net interest-bearing debt (net) 4,604 △2,382」
Net interest-bearing debt changed from ¥4,604 million in the previous fiscal year to negative ¥2,382 million. On a metric that includes lease liabilities, net interest-bearing debt was negative. - FY2022Net interest-bearing debt turned positiveAnnual report
「Net interest-bearing debt (net) 4,604」
Net interest-bearing debt changed from a negative ¥443 million in the previous fiscal year to ¥4,604 million, shifting from a net asset position to a net interest-bearing debt position. The policy of monitoring the metric remains unchanged. - FY2020First statedAnnual report
「The principal metric used by our group in capital management is net interest-bearing debt, calculated by deducting cash and cash equivalents from interest-bearing debt.」
Net interest-bearing debt has been designated as the key capital management metric and is reported regularly to management for monitoring.