Reliance on Interest-Bearing Debt and Rising Market Interest Rates
First written in FY2021. 6 of 9 entries say "Mitigated", first in FY2023-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Interest-bearing debt accounted for 22.9% of the Group’s total assets as of 30 September 2025.」
The ratio declined from 25.0% to 22.9%, while the risk of higher interest expense from rising market rates continued to be disclosed. - FY2025-H1MitigatedAnnual report
「A ¥14.752 million decrease in long-term borrowings due within one year and a ¥3.168 million decrease in long-term borrowings」
Both current maturities of long-term borrowings and long-term borrowings declined at the end of the interim consolidated period. - FY2024MitigatedAnnual report
「Interest-bearing debt accounted for 25.0% of the Group’s total assets as of 30 September 2024.」
The ratio declined from 40.2% to 25.0%; the company also described a policy of strengthening equity. - FY2024-Q2WorsenedAnnual report
「An increase of ¥23.497 million in long-term borrowings due within one year, an increase of ¥20.000 million in short-term borrowings and an increase of ¥122.504 million in long-term borrowings」
Short-term borrowings, current maturities of long-term borrowings and long-term borrowings all increased, worsening dependence on interest-bearing debt. - FY2023MitigatedAnnual report
「Interest-bearing debt accounted for 40.2% of the Group’s total assets as of 30 September 2023.」
The ratio declined from 41.3% to 40.2%, while borrowing and higher market interest-rate risks remained disclosed. - FY2023-Q3MitigatedAnnual report
「This was mainly due to a ¥64.507 million decrease in long-term borrowings due within one year and a ¥28.893 million decrease in income taxes payable.」
Current liabilities included a ¥64.507 million decrease in long-term borrowings due within one year, while long-term borrowings also fell by ¥95.468 million. - FY2023-Q2MitigatedAnnual report
「Cash used in financing activities was ¥106.650 million, due to repayment of ¥106.650 million in long-term borrowings.」
Long-term debt repayments reduced borrowings. The ratio of interest-bearing debt to total assets declined from 41.3% to approximately 33.0% by the second-quarter end. - FY2022WorsenedAnnual report
「Interest-bearing debt accounted for 41.3% of the Group’s total assets as of 30 September 2022.」
The ratio rose from 40.9% to 41.3%; the company also disclosed a breach of financial covenants under an overdraft agreement. - FY2021First statedAnnual report
「Interest-bearing debt accounted for 40.9% of total assets as of 30 September 2021.」
The company primarily finances working capital through borrowings, disclosed an interest-bearing debt ratio of 40.9% and described the impact of higher interest rates.