Interest-Bearing Debt and Risk of Rising Market Interest Rates
First written in FY2019. 7 of 15 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2026.
Takamisawa moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Increase in interest-bearing debt and decrease in reliance on borrowingsAnnual report
「The group’s interest-bearing debt amounted to ¥9,730 million at the end of the fiscal year under review, and its reliance on borrowings was 23.7%. A future rise in market interest rates could affect the group’s results.」
Interest-bearing debt increased from ¥9,531 million to ¥9,730 million, while reliance on borrowings declined from 24.5% to 23.7%. The risk of higher market interest rates continues to be stated. - FY2026-H1WorsenedAnnual report
「As of the end of the interim period of the current consolidated fiscal year, interest-bearing debt, including borrowings and lease obligations, amounted to ¥10,668 million.」
Interest-bearing debt related to the impact on results of rising market interest rates increased from ¥9,531 million at the end of the previous consolidated fiscal year to ¥10,668 million. - FY2025WorsenedAnnual report
「The balance of interest-bearing debt of the Group was ¥9,531 million as of the end of the current consolidated fiscal year, and its borrowing dependence ratio was 24.5%. If market interest rates rise in the future, this may affect the Group's results.」
The balance of interest-bearing debt and the borrowing dependence ratio were updated to ¥9,531 million and 24.5%, respectively, with the borrowing dependence ratio rising from 23.9% in the previous full-year disclosure. - FY2025-H1WorsenedAnnual report
「As of the end of the interim period of the current consolidated fiscal year, interest-bearing debt, including borrowings and lease obligations, amounted to ¥11,065 million.」
Interest-bearing debt related to the impact on results of rising market interest rates increased from ¥8,929 million at the end of the previous consolidated fiscal year to ¥11,065 million. - FY2024-Q3MitigatedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, interest-bearing debt, including borrowings and lease obligations, amounted to ¥10,007 million.」
Interest-bearing debt related to the impact of rising market interest rates decreased from ¥10,729 million at the end of the previous quarter to ¥10,007 million. - FY2024-Q2WorsenedAnnual report
「Interest-bearing debt, including borrowings and lease liabilities, totaled ¥10,729 million at the end of the second quarter of the consolidated fiscal year.」
Interest-bearing debt related to the impact on results of rising market interest rates increased from ¥10,068 million at the end of the previous quarter to ¥10,729 million. - FY2024-Q1WorsenedAnnual report
「Interest-bearing debt, including borrowings and lease liabilities, totaled ¥10,068 million at the end of the first quarter of the consolidated fiscal year.」
Interest-bearing debt relevant to the impact of rising market interest rates increased from ¥8,929 million at the end of the previous consolidated fiscal year to ¥10,068 million. - FY2023MitigatedAnnual report
「The Group's interest-bearing debt totaled ¥8,929 million at the end of the consolidated fiscal year, and its borrowing dependence ratio was 23.9%. If market interest rates rise in the future, the Group's business performance may be affected.」
Interest-bearing debt declined from ¥10,205 million to ¥8,929 million, while the borrowing dependence ratio fell from 30.6% to 23.9%. The risk of rising market interest rates continues to be described. - FY2023-Q3MitigatedAnnual report
「Interest-bearing debt, including borrowings and lease liabilities, totaled ¥9,814 million at the end of the third quarter of the consolidated fiscal year.」
Interest-bearing debt relevant to the impact of rising market interest rates decreased from ¥10,205 million at the end of the previous consolidated fiscal year to ¥9,814 million. - FY2023-Q2WorsenedAnnual report
「Interest-bearing debt, including borrowings and lease liabilities, totaled ¥10,628 million at the end of the second quarter of the consolidated fiscal year.」
Interest-bearing debt relevant to the impact of rising market interest rates increased from ¥10,205 million at the end of the previous consolidated fiscal year to ¥10,628 million. - FY2023-Q1MitigatedAnnual report
「Interest-bearing debt, including borrowings and lease liabilities, totaled ¥9,980 million at the end of the first quarter of the consolidated fiscal year.」
Interest-bearing debt relevant to the impact of rising market interest rates decreased from ¥10,205 million at the end of the previous consolidated fiscal year to ¥9,980 million. - FY2022-Q3WorsenedAnnual report
「Interest-bearing debt, including borrowings and lease liabilities, totaled ¥11,372 million at the end of the third quarter of the consolidated fiscal year.」
Interest-bearing debt increased from ¥10,205 million at the end of the previous consolidated fiscal year to ¥11,372 million, updating the debt exposure relevant to the impact of rising market interest rates on business performance. - FY2021MitigatedAnnual report
「The Group's interest-bearing debt totaled ¥10,205 million at the end of the consolidated fiscal year, and its borrowing dependence ratio was 30.6%. If market interest rates rise in the future, the Group's business performance may be affected.」
Interest-bearing debt declined from ¥10,470 million to ¥10,205 million, while the borrowing dependence ratio fell from 31.4% to 30.6%. The risk of rising market interest rates continues to be described. - FY2020MitigatedAnnual report
「The Group's interest-bearing debt totaled ¥10,470 million at the end of the consolidated fiscal year, and its borrowing dependence ratio was 31.4%. If market interest rates rise in the future, the Group's business performance may be affected.」
Interest-bearing debt declined from ¥12,535 million at the end of the previous consolidated fiscal year to ¥10,470 million, while the borrowing dependence ratio fell from 36.8% to 31.4%. The risk of rising market interest rates continues to be described. - FY2019First statedAnnual report
「The Group's interest-bearing debt totaled ¥12,535 million at the end of the consolidated fiscal year, and its borrowing dependence ratio was 36.8%. If market interest rates rise in the future, the Group's business performance may be affected.」
The company reported interest-bearing debt of ¥12,535 million and a borrowing dependence ratio of 36.8%, and described the possibility that rising market interest rates could affect business performance as a risk.