Exposure to interest-rate and foreign-exchange movements
First written in FY2016. 19 of 30 entries say "Worsened", first in FY2017. Latest entry: FY2027-H1.
Nippon Shikizai moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 5 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「The main factor behind the increase in non-current liabilities was a ¥718 million increase in long-term borrowings.」
Long-term borrowings increased ¥718 million from the end of the previous consolidated fiscal year, expanding exposure to interest rates and the financial markets. - FY2026WorsenedAnnual report
「As of the end of the consolidated fiscal year, the balance of interest-bearing liabilities, including borrowings, was ¥9,884 million. Changes in interest rates and other financial market conditions may affect the financial position and operating results of the Group.」
Interest-bearing liabilities increased from ¥9,732 million at the end of the previous fiscal year to ¥9,884 million, expanding exposure to interest rates and financial markets. - 2026-04-13WorsenedEarnings
「Short-term borrowings increased by ¥2,169 million,」
Although long-term borrowings declined, short-term borrowings increased substantially, resulting in higher total borrowings than at the end of the previous fiscal year. - FY2026-H1WorsenedAnnual report
「The main factors behind the increase in current liabilities were increases of ¥1,168 million in short-term borrowings, ¥138 million in accrued bonuses and ¥70 million in electronically recorded obligations, partly offset by decreases of ¥92 million in other current liabilities and ¥82 million in notes and accounts payable. The main factor behind the decrease in non-current liabilities was a ¥1,027 million decrease in long-term borrowings.」
While long-term borrowings decreased, short-term borrowings increased by ¥1,168 million, resulting in an increase in total borrowings from the end of the previous fiscal year. Exposure to interest rates and financial markets has increased slightly. - FY2025-H1WorsenedAnnual report
「The increase in current liabilities was attributable to a ¥209 million increase in accrued bonuses and a ¥165 million increase in short-term borrowings, partly offset by decreases of ¥101 million in other current liabilities, ¥69 million in notes and accounts payable, and ¥63 million in electronically recorded obligations. The main factor behind the increase in non-current liabilities was a ¥455 million increase in long-term borrowings.」
Short-term and long-term borrowings increased from the end of the previous consolidated fiscal year, expanding exposure to interest rates and financial markets. - FY2025-Q1WorsenedAnnual report
「The main factors behind the increase in current liabilities were increases of ¥374 million in short-term borrowings, ¥159 million in provision for bonuses and ¥137 million in electronically recorded obligations. The main factor behind the increase in non-current liabilities was a ¥20 million increase in long-term borrowings.」
Short-term and long-term borrowings increased from the end of the previous consolidated fiscal year, expanding exposure to interest rates and financial markets. - FY2024-Q3MitigatedAnnual report
「The factors behind the increase in current liabilities were increases of ¥288 million in electronically recorded obligations, ¥171 million in notes and accounts payable, ¥140 million in provision for bonuses and ¥498 million in other current liabilities, partly offset by a ¥69 million decrease in short-term borrowings. The main factors behind the decrease in non-current liabilities were decreases of ¥552 million in long-term borrowings and ¥49 million in other non-current liabilities.」
Both short-term and long-term borrowings decreased, reducing exposure to interest rates and financial markets from the end of the previous consolidated fiscal year. - FY2024-Q2MitigatedAnnual report
「The main factors behind the decrease in non-current liabilities were decreases of ¥410 million in long-term borrowings and ¥39 million in other non-current liabilities.」
Long-term borrowings decreased by ¥410 million from the end of the previous consolidated fiscal year, reducing exposure to interest rates and financial markets. - FY2024-Q1MitigatedAnnual report
「The factors behind the increase in current liabilities were increases of ¥207 million in electronically recorded obligations, ¥113 million in notes and accounts payable, ¥47 million in provision for bonuses and ¥357 million in other current liabilities, partly offset by a ¥103 million decrease in short-term borrowings. The main factors behind the decrease in non-current liabilities were decreases of ¥311 million in long-term borrowings and ¥23 million in other non-current liabilities.」
Both short-term and long-term borrowings decreased, reducing interest-bearing debt and exposure to interest rates and financial markets from the end of the previous consolidated fiscal year. - FY2023MitigatedAnnual report
「The balance of interest-bearing debt, including borrowings, held by our group at the end of the consolidated fiscal year was ¥10,042 million, and changes in interest rate conditions and other financial markets may affect our financial position and operating results.」
Interest-bearing debt decreased from ¥10,216 million at the end of the previous fiscal year to ¥10,042 million, reducing exposure to interest rates and financial markets. - FY2023-Q3MitigatedAnnual report
「The main factors behind the increase in current liabilities were increases of ¥476 million in notes and accounts payable, ¥314 million in electronically recorded obligations, ¥181 million in short-term borrowings and ¥180 million in provision for bonuses. The main factor behind the decrease in non-current liabilities was a ¥743 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥743 million, reducing part of the exposure to interest rates and financial markets. Short-term borrowings, however, increased by ¥181 million. - FY2023-Q2MitigatedAnnual report
「The main factors behind the increase in current liabilities were increases of ¥425 million in notes and accounts payable, ¥268 million in electronically recorded obligations, ¥273 million in short-term borrowings and ¥71 million in provision for bonuses. The main factors behind the decrease in non-current liabilities were decreases of ¥446 million in long-term borrowings and ¥46 million in other items.」
Although short-term borrowings increased, the decrease in long-term borrowings was greater, reducing interest-bearing debt from the end of the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「The main factors behind the increase in current liabilities were increases of ¥296 million in notes and accounts payable, ¥148 million in electronically recorded obligations, ¥165 million in short-term borrowings and ¥66 million in provision for bonuses. The main factor behind the decrease in non-current liabilities was a ¥375 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥375 million, reducing part of the exposure to interest rates and financial markets. Short-term borrowings, however, increased by ¥165 million. - FY2022MitigatedAnnual report
「The balance of interest-bearing debt, including borrowings, held by our group at the end of the consolidated fiscal year was ¥10,216 million, and changes in interest rate conditions and other financial markets may affect our financial position and operating results.」
Interest-bearing debt decreased from ¥10,531 million at the end of the previous fiscal year to ¥10,216 million, reducing exposure to interest rates and financial markets. - FY2022-Q3Change in borrowing mix due to a decrease in long-term borrowings and an increase in short-term borrowingsAnnual report
「The main factors behind the increase in current liabilities were increases of ¥145 million in notes and accounts payable, ¥32 million in electronically recorded obligations and ¥233 million in short-term borrowings, partly offset by a ¥127 million decrease in other items. The main factors behind the decrease in non-current liabilities were decreases of ¥430 million in long-term borrowings and ¥86 million in other items.」
Long-term borrowings decreased by ¥430 million, while short-term borrowings increased by ¥233 million, changing the borrowing mix related to exposure to interest rates and financial markets. - FY2022-Q2MitigatedAnnual report
「The main factor behind the decrease in non-current liabilities was a ¥227 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥227 million from the end of the previous consolidated fiscal year, while short-term borrowings increased by ¥89 million, resulting in a change in the borrowing mix. - FY2022-Q1WorsenedAnnual report
「The main factor behind the increase in non-current liabilities was a ¥134 million increase in long-term borrowings.」
Long-term borrowings increased by ¥134 million from the end of the previous consolidated fiscal year, expanding exposure to interest rates and financial markets. - FY2021WorsenedAnnual report
「The balance of interest-bearing debt, including borrowings, held by our group at the end of the consolidated fiscal year was ¥10,531 million, and changes in interest rate conditions and other financial markets may affect our financial position and operating results.」
Interest-bearing debt increased from ¥8,565 million in the previous fiscal year to ¥10,531 million, further expanding exposure to interest rates and financial markets. - FY2021-Q3WorsenedAnnual report
「The main factor behind the increase in non-current liabilities was a ¥1,492 million increase in long-term borrowings.」
Long-term borrowings increased by ¥1,492 million from the end of the previous consolidated fiscal year, further expanding exposure to interest rates and financial markets. - FY2021-Q2WorsenedAnnual report
「The main factor behind the increase in non-current liabilities was a ¥1,331 million increase in long-term borrowings.」
Long-term borrowings increased by ¥1,331 million from the end of the previous consolidated fiscal year, further expanding exposure to interest rates and financial markets. - FY2021-Q1WorsenedAnnual report
「The main factor behind the increase in non-current liabilities was a ¥1,034 million increase in long-term borrowings.」
Long-term borrowings increased by ¥1,034 million from the end of the previous consolidated fiscal year, expanding exposure to interest rates and financial markets. - FY2020WorsenedAnnual report
「The balance of interest-bearing debt, including borrowings, held by our group at the end of the consolidated fiscal year was ¥8,565 million, and changes in interest rate conditions and other financial markets may affect our financial position and operating results.」
Interest-bearing debt increased from ¥4,807 million in the previous fiscal year to ¥8,565 million, expanding exposure to interest rates and financial markets. - FY2020-Q3WorsenedAnnual report
「The main factor behind the increase in non-current liabilities was a ¥3,251 million increase in long-term borrowings.」
Long-term borrowings increased by ¥3,251 million from the end of the previous consolidated fiscal year to ¥6,041 million, expanding exposure to interest rates and financial markets. - FY2020-Q2WorsenedAnnual report
「The main factor behind the increase in non-current liabilities was a ¥1,248 million increase in long-term borrowings.」
Long-term borrowings increased by ¥1,248 million from the end of the previous consolidated fiscal year to ¥4,038 million, expanding exposure to interest rates and financial markets. - FY2020-Q1WorsenedAnnual report
「The main factor behind the increase in non-current liabilities was a ¥1,320 million increase in long-term borrowings.」
Long-term borrowings, apparently related to the third expansion project and other matters, increased by ¥1,320 million, expanding exposure to interest rates and financial markets. - FY2018WorsenedAnnual report
「The balance of interest-bearing debt, including borrowings, held by our group at the end of the consolidated fiscal year was ¥4,807 million, and changes in interest rate conditions and other financial markets may affect our financial position and operating results.」
Interest-bearing debt increased from ¥4,701 million in the previous fiscal year to ¥4,807 million, expanding exposure to interest rates and financial markets. - FY2017WorsenedAnnual report
「The balance of interest-bearing debt, including borrowings, held by our group at the end of the consolidated fiscal year was ¥4,701 million, and changes in interest rate conditions and other financial markets may affect our financial position and operating results.」
Interest-bearing debt increased from ¥4,504 million in the previous fiscal year to ¥4,701 million, expanding exposure to interest rates and financial markets. - FY2016First statedAnnual report
「The Group’s interest-bearing debt, including borrowings, totaled ¥4,504 million at the end of the fiscal year. Interest-rate conditions and other financial-market movements may affect performance. Foreign-currency-denominated sales, expenses, assets and liabilities are translated into yen for the consolidated and non-consolidated financial statements, and exchange-rate movements may affect their yen value even if their value in local-currency terms remains unchanged.」
The Company discloses its interest-bearing debt and the risks associated with interest rates and foreign-currency translation.