Interest-Bearing Debt and Interest Rate Fluctuation Risk
First written in FY2016. 10 of 33 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2026.
Envipro Holdings moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 31 of 97 companies on the "Worse" side.
40 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As of 30 June 2026, the Group's interest-bearing debt was ¥6,767 million, equivalent to 19.5% of total assets.」
Interest-bearing debt decreased from ¥8,939 million in the previous fiscal year to ¥6,767 million, while its ratio to total assets declined from 26.5% to 19.5%, reducing liabilities exposure. - FY2026-H1Decrease in long-term borrowings alongside increase in current liabilitiesAnnual report
「Non-current liabilities were ¥4,820 million, down ¥439 million, or 8.4%, from the end of the previous fiscal year. This was mainly due to a ¥478 million decrease in long-term borrowings.」
Long-term borrowings and non-current liabilities decreased, while short-term borrowings increased by ¥40 million, and total liabilities increased by ¥567 million. The composition of interest-bearing debt and overall liabilities exposure is changing. - FY2025-H1Short-term borrowings up, long-term borrowings down, total liabilities downAnnual report
「Current liabilities were ¥10,229 million, down ¥860 million, or 7.8%, from the end of the previous fiscal year. This was mainly due to decreases of ¥1,055 million in other current liabilities and ¥502 million in accounts payable, despite a ¥1,010 million increase in short-term borrowings. Non-current liabilities were ¥5,247 million, down ¥410 million, or 7.3%, from the end of the previous fiscal year. This was mainly due to a ¥435 million decrease in long-term borrowings.」
Short-term borrowings increased, while long-term borrowings, current liabilities and non-current liabilities decreased, changing the composition of interest-bearing debt and overall liabilities exposure. - FY2024MitigatedAnnual report
「As of the end of June 2024, the Group's interest-bearing debt was ¥8,939 million, equivalent to 26.5% of total assets.」
The ratio of interest-bearing debt to total assets was 26.5%, down from 28.4% in the previous annual report. The potential impact of interest-rate trends continues to be disclosed. - FY2024-Q3MitigatedAnnual report
「This was mainly due to a ¥625 million decrease in other current liabilities and a ¥560 million decrease in short-term borrowings, despite a ¥188 million increase in the provision for bonuses. Non-current liabilities were ¥5,898 million, down ¥547 million, or 8.5%, from the end of the previous fiscal year. This was mainly due to a ¥467 million decrease in long-term borrowings.」
Short-term borrowings decreased by ¥560 million and long-term borrowings by ¥467 million, while total liabilities also decreased by ¥1,413 million from the end of the previous fiscal year. Exposure to interest-bearing debt and interest-rate fluctuations declined. - FY2024-Q2MitigatedAnnual report
「As of the end of the second quarter, total liabilities were ¥15,324 million, down ¥1,536 million, or 9.1%, from the end of the previous fiscal year. Current liabilities were ¥9,223 million, down ¥1,191 million, or 11.4%, from the end of the previous fiscal year. This was mainly due to decreases of ¥660 million in short-term borrowings and ¥586 million in other current liabilities, despite a ¥178 million increase in income taxes payable. Non-current liabilities were ¥6,101 million, down ¥344 million, or 5.4%, from the end of the previous fiscal year. This was mainly due to a ¥282 million decrease in long-term borrowings.」
Short-term borrowings, long-term borrowings and total liabilities decreased from the end of the previous fiscal year, reducing exposure to interest-bearing debt and interest-rate fluctuations. - FY2024-Q1MitigatedAnnual report
「Non-current liabilities were ¥6,232 million, down ¥213 million, or 3.3%, from the end of the previous fiscal year. This was mainly due to decreases of ¥195 million in long-term borrowings and ¥17 million in lease obligations.」
Long-term borrowings and non-current liabilities decreased from the end of the previous fiscal year, reducing exposure to interest-bearing debt and interest-rate fluctuations. - FY2023-Q3WorsenedAnnual report
「Current liabilities were ¥14,043 million, up ¥4,075 million, or 40.9%, from the end of the previous fiscal year. This was mainly due to increases of ¥1,693 million in other current liabilities, ¥1,530 million in short-term borrowings and ¥1,301 million in notes and accounts payable, despite a ¥600 million decrease in income taxes payable. Non-current liabilities were ¥4,943 million, up ¥2,167 million, or 78.1%, from the end of the previous fiscal year. This was mainly due to increases of ¥1,585 million in long-term borrowings and ¥495 million in liabilities related to retirement benefits.」
Including the impact of the consolidation of Nitto Kako Co., Ltd., short-term borrowings increased by ¥1,530 million and long-term borrowings by ¥1,585 million, expanding liabilities exposure from the end of the previous fiscal year. - FY2023-Q2MitigatedAnnual report
「This was mainly due to decreases of ¥1,810 million in short-term borrowings, ¥443 million in income taxes payable and ¥74 million in notes and accounts payable, despite a ¥24 million increase in long-term borrowings due within one year. Non-current liabilities were ¥3,509 million, up ¥733 million, or 26.4%, from the end of the previous fiscal year. This was mainly due to a ¥678 million increase in long-term borrowings.」
Short-term borrowings decreased by ¥1,810 million, while long-term borrowings increased by ¥678 million. Although the composition of interest-bearing debt changed, overall liabilities and borrowing exposure declined from the end of the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「This was mainly due to increases of ¥524 million in other current liabilities and ¥148 million in the provision for bonuses, despite decreases of ¥1,290 million in short-term borrowings and ¥571 million in income taxes payable.」
Short-term borrowings decreased by ¥1,290 million and long-term borrowings also decreased by ¥66 million, reducing interest-bearing debt and liabilities exposure from the end of the previous fiscal year. - FY2022MitigatedAnnual report
「As of the end of June 2022, the Group's interest-bearing debt was ¥8,230 million, equivalent to 28.4% of total assets.」
Interest-bearing debt edged down from ¥8,264 million in the previous fiscal year, and its ratio to total assets also declined from 31.1% to 28.4%. Short-term borrowings increased, while long-term borrowings decreased. - FY2022-Q3Increase in short-term borrowings, decrease in long-term borrowings, increase in total liabilitiesAnnual report
「As of the end of the third quarter, total liabilities were ¥13,907 million, up ¥691 million, or 5.2%, from the end of the previous fiscal year. Current liabilities were ¥11,032 million, up ¥1,267 million, or 13.0%, from the end of the previous fiscal year. This was mainly due to increases of ¥1,120 million in short-term borrowings and ¥308 million in notes and accounts payable, despite a ¥275 million decrease in other current liabilities. Non-current liabilities were ¥2,875 million, down ¥575 million, or 16.7%, from the end of the previous fiscal year. This was mainly due to a ¥540 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥1,120 million, while long-term borrowings decreased by ¥540 million. Current liabilities and total liabilities increased, changing the composition of interest-bearing debt and overall liabilities exposure. - FY2022-Q2Short-term borrowings up, long-term borrowings down, total liabilities downAnnual report
「As of the end of the second quarter, total liabilities were ¥12,355 million, down ¥859 million, or 6.5%, from the end of the previous fiscal year. Current liabilities were ¥9,169 million, down ¥595 million, or 6.1%, from the end of the previous fiscal year. This was mainly due to decreases of ¥627 million in notes and accounts payable, ¥367 million in other current liabilities and ¥122 million in income taxes payable, despite a ¥545 million increase in short-term borrowings. Non-current liabilities were ¥3,186 million, down ¥264 million, or 7.7%, from the end of the previous fiscal year. This was mainly due to a ¥238 million decrease in long-term borrowings.」
Short-term borrowings increased, while long-term borrowings and total liabilities decreased, changing the composition of interest-bearing debt and overall liabilities exposure. - FY2022-Q1Short-term borrowings up, long-term borrowings down, total liabilities downAnnual report
「As of the end of the first quarter, total liabilities were ¥12,646 million, down ¥569 million, or 4.3%, from the end of the previous fiscal year. Current liabilities were ¥9,310 million, down ¥454 million, or 4.7%, from the end of the previous fiscal year. This was mainly due to decreases of ¥437 million in notes and accounts payable, ¥373 million in income taxes payable and ¥210 million in other current liabilities, despite a ¥500 million increase in short-term borrowings. Non-current liabilities were ¥3,335 million, down ¥114 million, or 3.3%, from the end of the previous fiscal year. This was mainly due to a ¥100 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥500 million, while long-term borrowings decreased by ¥100 million, resulting in a ¥569 million decrease in total liabilities. The composition of interest-bearing debt continues to change. - FY2021Interest-bearing debt of ¥8,264 million, 31.1% of total assetsAnnual report
「As of the end of June 2021, the Group's interest-bearing debt was ¥8,264 million, equivalent to 31.1% of total assets.」
Interest-bearing debt was ¥8,264 million, or 31.1% of total assets. While long-term borrowings decreased, short-term borrowings increased to ¥4,810 million. - FY2021-Q3Increase in short-term borrowings, decrease in long-term borrowingsAnnual report
「Current liabilities were ¥9,013 million, an increase of ¥1,514 million, or 20.2%, from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥830 million in short-term borrowings and ¥539 million in notes and accounts payable-trade. Non-current liabilities were ¥5,748 million, a decrease of ¥652 million, or 10.2%. This was mainly due to a ¥696 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥830 million, while long-term borrowings decreased by ¥696 million, changing the composition of interest-bearing debt. Current liabilities increased by 20.2%. - FY2021-Q2Increase in short-term borrowings, decrease in long-term borrowingsAnnual report
「Current liabilities were ¥8,080 million, an increase of ¥580 million, or 7.7%, from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥260 million in short-term borrowings and ¥187 million in the current portion of long-term borrowings. Non-current liabilities were ¥5,886 million, a decrease of ¥514 million, or 8.0%. This was mainly due to a ¥562 million decrease in long-term borrowings.」
Short-term borrowings and the current portion of long-term borrowings increased, while long-term borrowings decreased, changing the composition of interest-bearing debt. - FY2021-Q1Increase in short-term borrowings, decrease in long-term borrowingsAnnual report
「Current liabilities were ¥7,655 million, an increase of ¥155 million, or 2.1%, from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥110 million in short-term borrowings and ¥53 million in the current portion of long-term borrowings. Non-current liabilities were ¥6,223 million, a decrease of ¥177 million, or 2.8%. This was mainly due to a ¥231 million decrease in long-term borrowings, despite a ¥49 million increase in lease obligations.」
Short-term borrowings and the current portion of long-term borrowings increased, while long-term borrowings decreased, changing the composition of interest-bearing debt. - FY2020-Q3WorsenedAnnual report
「At a meeting of the Board of Directors held on 15 May 2020, the company resolved as described below to borrow funds and enter into a commitment line agreement in order to secure liquidity on hand and flexible, stable financing.」
After the filing date, the company resolved to obtain a ¥3 billion floating-rate loan with a term of 5–6 years and enter into a ¥2 billion commitment line agreement. Although this was a resolution made before drawdown of the loan or use of the facility, it indicates planned exposure to interest-rate fluctuations and interest-bearing debt. - FY2020-Q2Short-term borrowings up, long-term borrowings down, total liabilities downAnnual report
「Current liabilities were ¥5,108 million, a decrease of ¥63 million, or 1.2%, from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥420 million in short-term borrowings and ¥107 million in income taxes payable and other liabilities, offset by decreases of ¥427 million in other current liabilities, ¥113 million in notes and accounts payable-trade and ¥47 million in current portion of long-term borrowings. Non-current liabilities were ¥2,838 million, a decrease of ¥186 million, or 6.2%. This was mainly due to a ¥174 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥420 million, while the current portion of long-term borrowings decreased by ¥47 million and long-term borrowings decreased by ¥174 million. Current liabilities, non-current liabilities and total liabilities decreased, changing the composition of interest-bearing debt. - FY2020-Q1Increase in short-term borrowings, decrease in long-term borrowingsAnnual report
「Current liabilities were ¥5,316 million, an increase of ¥144 million, or 2.8%, from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥145 million in notes and accounts payable-trade, ¥130 million in short-term borrowings and ¥120 million in provision for bonuses. Non-current liabilities were ¥2,925 million, a decrease of ¥100 million, or 3.3%. This was mainly due to a ¥90 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥130 million, while long-term borrowings decreased by ¥90 million, changing the composition of interest-bearing debt. - FY2019-Q3MitigatedAnnual report
「Current liabilities were ¥5,474 million, a decrease of ¥1,660 million, or 23.3%, from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,981 million decrease in short-term borrowings. Non-current liabilities were ¥3,121 million, a decrease of ¥136 million, or 4.2%. This was mainly due to a ¥195 million decrease in long-term borrowings.」
Short-term and long-term borrowings decreased from the end of the previous consolidated fiscal year, reducing liability exposure related to interest-bearing debt and interest-rate fluctuations. - FY2019-Q2MitigatedAnnual report
「Current liabilities were ¥4,912 million, a decrease of ¥2,222 million, or 31.1%, from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,141 million decrease in short-term borrowings. Non-current liabilities were ¥2,965 million, a decrease of ¥292 million, or 9.0%. This was mainly due to a ¥285 million decrease in long-term borrowings.」
Short-term and long-term borrowings decreased from the end of the previous consolidated fiscal year, reducing the interest-bearing debt exposure that had expanded through the previous fiscal year. - FY2019-Q1Increase in short-term borrowings, decrease in long-term borrowingsAnnual report
「Current liabilities were ¥7,498 million, an increase of ¥363 million, or 5.1%, from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥263 million in short-term borrowings and ¥108 million in provision for bonuses. Non-current liabilities were ¥3,128 million, a decrease of ¥130 million, or 4.0%. This was mainly due to a ¥115 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥263 million, while long-term borrowings decreased by ¥115 million, changing the composition of liability exposure. - FY2018Higher interest-bearing debt, slight decline in ratioAnnual report
「As of the end of June 2018, the group's interest-bearing debt was ¥7,284 million, equivalent to 33.6% of total assets. Although the group is working to improve its financial position, future interest-rate trends could affect its business performance and financial position.」
Interest-bearing debt increased from ¥6,087 million in the previous fiscal year to ¥7,284 million, while the ratio to total assets edged down from 34.0% to 33.6%. Debt and exposure to interest-rate fluctuations increased. - FY2018-Q3WorsenedAnnual report
「Current liabilities were ¥10,495 million, an increase of ¥4,175 million, or 66.1%, from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥3,410 million in short-term borrowings and ¥560 million in notes and accounts payable-trade. Non-current liabilities were ¥3,146 million, an increase of ¥564 million, or 21.9%. This was mainly due to a ¥583 million increase in long-term borrowings.」
Short-term and long-term borrowings both increased from the end of the previous consolidated fiscal year, further expanding liability exposure related to interest-bearing debt and interest-rate fluctuation risks. - FY2018-Q2WorsenedAnnual report
「Current liabilities were ¥10,071 million, an increase of ¥3,751 million, or 59.4%, from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,519 million increase in short-term borrowings.」
Short-term borrowings increased by ¥3,519 million from the end of the previous consolidated fiscal year, and current liabilities also increased by 59.4%. Liability exposure related to interest-bearing debt and interest-rate fluctuation risks expanded further. - FY2018-Q1WorsenedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal year were ¥12,867 million, an increase of ¥3,966 million, or 44.6%, from the end of the previous consolidated fiscal year. Current liabilities were ¥10,393 million, an increase of ¥4,073 million, or 64.5%. This was mainly due to increases of ¥3,488 million in short-term borrowings and ¥431 million in notes and accounts payable-trade.」
Short-term borrowings increased by ¥3,488 million from the end of the previous consolidated fiscal year, and current liabilities and total liabilities also increased substantially. Liability exposure related to interest-bearing debt and interest-rate fluctuation risks expanded further. - FY2017WorsenedAnnual report
「As of the end of June 2017, the group's interest-bearing debt was ¥6,087 million, equivalent to 34.0% of total assets. Although the group is working to improve its financial position, future interest-rate trends could affect its business performance and financial position.」
Interest-bearing debt increased from ¥4,120 million, or 27.4% of total assets, in the previous fiscal year to ¥6,087 million, or 34.0%, further expanding liability exposure. - FY2017-Q3WorsenedAnnual report
「Current liabilities were ¥6,365 million, an increase of ¥2,649 million, or 71.3%, from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥2,444 million in short-term borrowings and ¥199 million in notes and accounts payable-trade.」
Short-term borrowings increased by ¥2,444 million from the end of the previous consolidated fiscal year, and current liabilities also increased by 71.3%. Interest-bearing debt exposure continued to increase. - FY2017-Q2WorsenedAnnual report
「Current liabilities were ¥6,505 million, an increase of ¥2,789 million, or 75.1%, from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,720 million increase in short-term borrowings.」
Short-term borrowings increased by ¥2,720 million from the end of the previous consolidated fiscal year, and current liabilities also increased by 75.1%. Liability exposure related to interest-bearing debt and interest-rate fluctuation risks continued to increase. - FY2017-Q1WorsenedAnnual report
「Current liabilities were ¥4,596 million, an increase of ¥880 million, or 23.7%, from the end of the previous consolidated fiscal year. This was mainly due to an ¥888 million increase in short-term borrowings, despite a ¥101 million decrease in income taxes payable and other liabilities.」
Short-term borrowings increased by ¥888 million from the end of the previous fiscal year, and current liabilities also increased by 23.7%. Although there is no new mention of interest-rate trends themselves, the company records an increase in liability exposure related to existing interest-bearing debt and interest-rate fluctuation risks. - FY2016First statedAnnual report
「As of the end of June 2016, the group's interest-bearing debt was ¥4,120 million, equivalent to 27.4% of total assets. Although the group is working to improve its financial position, future interest-rate trends could affect its business performance and financial position.」
The company presents its interest-bearing debt balance and ratio to total assets, and describes the potential impact of interest-rate trends.