High Levels of Interest-Bearing Debt and Interest Rate Fluctuations
First written in FY2016. 20 of 37 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-08-10.
Asaka Riken moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「As of 31 March 2026, the Group's interest-bearing debt of ¥7,612.396 million represented 44.52% of total assets, indicating a high level of reliance. A significant change in current interest rates could affect the Group's financial position, operating results and other matters.」
Interest-bearing debt rose from ¥5,621.357 million at the end of the previous fiscal year to ¥7,612.396 million, while the ratio to total assets increased from 40.72% to 44.52%. Measures including converting long-term borrowings to fixed rates and using interest-rate swaps remain in place. - FY2025WorsenedAnnual report
「As of 30 September 2025, the Group's interest-bearing debt of ¥5,621.357 million represented 40.72% of total assets, indicating a high level of reliance. A significant change in current interest rates could affect the Group's financial position, operating results and other matters.」
Interest-bearing debt rose from ¥1,928.636 million in the previous fiscal year to ¥5,621.357 million, while reliance on interest-bearing debt relative to total assets increased from 22.57% to 40.72%. The increase in long-term borrowings associated with large-scale investment in the LiB recycling business is reflected. - FY2025-H1WorsenedAnnual report
「The main factors were increases of ¥1,698.859 million in borrowings and ¥870.206 million in borrowings and bullion, and decreases of ¥45.013 million in accounts payable, ¥42.423 million in provision for bonuses, and ¥17.416 million in other current liabilities.」
Borrowings increased by ¥1,698.859 million and borrowings and bullion by ¥870.206 million, increasing exposure to liabilities and interest-bearing debt. - FY2024Year-end decline in liabilities alongside a large-scale borrowing agreementAnnual report
「As of 30 September 2024, the Group's interest-bearing debt of ¥1,928.636 million represented 22.57% of total assets, indicating a high level of reliance. A significant change in current interest rates could affect the Group's financial position, operating results and other matters. In addition, the Group has fixed the interest rate through interest-rate swaps on the ¥6 billion in long-term borrowings from a financial institution under an agreement signed in December 2024.」
Year-end interest-bearing debt declined from ¥2,652.296 million in the previous fiscal year to ¥1,928.636 million, while reliance on interest-bearing debt relative to total assets fell from 31.76% to 22.57%. At the same time, the company entered into a ¥6 billion long-term borrowing agreement to fund capital investment in LiB recycling facilities, with the expected increase in future borrowings and measures to fix interest rates also noted. - FY2024-Q2MitigatedAnnual report
「The main factors were decreases of ¥41.271 million in provision for bonuses and ¥324.514 million in borrowings, and increases of ¥31.244 million in accounts payable, ¥89.724 million in accrued corporate taxes and other taxes, ¥30.176 million in other current liabilities, and ¥96.723 million in borrowings and bullion.」
Borrowings decreased by ¥324.514 million from the end of the previous fiscal year, reducing exposure to the high level of interest-bearing debt. - FY2024-Q1MitigatedAnnual report
「The main factors were decreases of ¥35.221 million in accounts payable, ¥99.153 million in provision for bonuses, and ¥40.583 million in borrowings, and increases of ¥91.343 million in other current liabilities and ¥26.118 million in borrowings and bullion.」
Borrowings decreased by ¥40.583 million from the end of the previous fiscal year, reducing exposure to the high level of interest-bearing debt. - FY2023WorsenedAnnual report
「As of 30 September 2023, the Group's interest-bearing debt of ¥2,652.296 million represented 31.76% of total assets, indicating a high level of reliance. A significant change in current interest rates could affect the Group's financial position, operating results and other matters.」
Interest-bearing debt was ¥2,652.296 million, representing 31.76% of total assets, up from ¥2,190.874 million and 27.8%, respectively, previously. The company continues to explicitly identify interest-rate fluctuation risk. - FY2023-Q3WorsenedAnnual report
「The main factors were decreases of ¥57.935 million in accounts payable, ¥148.104 million in accrued corporate taxes and other taxes, and ¥57.429 million in borrowings and bullion, and increases of ¥67.556 million in borrowings, ¥169.305 million in other current liabilities, and ¥23.240 million in long-term accounts payable.」
Borrowings increased by ¥67.556 million from the end of the previous fiscal year, and the combined total of short- and long-term borrowings also increased, expanding exposure to the high level of interest-bearing debt. - FY2023-Q2MitigatedAnnual report
「The main factors were decreases of ¥9.541 million in accounts payable, ¥54.566 million in borrowings, ¥89.062 million in accrued corporate taxes and other taxes, and ¥77.379 million in borrowings and bullion, and a ¥197.710 million increase in other current liabilities.」
Borrowings decreased by ¥54.566 million from the end of the previous fiscal year, reducing exposure to the high level of interest-bearing debt. - FY2023-Q1WorsenedAnnual report
「The main factors were a ¥273.780 million increase in borrowings and a ¥104.965 million decrease in accrued corporate taxes and other taxes.」
Borrowings increased by ¥273.780 million from the end of the previous fiscal year, increasing exposure to interest-bearing debt. The combined total of short- and long-term borrowings rose from ¥1,752.230 million to ¥2,026.010 million. - FY2022MitigatedAnnual report
「As of 30 September 2022, the Group's interest-bearing debt of ¥2,190.874 million represented 27.8% of total assets, indicating a high level of reliance. A significant change in current interest rates could affect the Group's financial position, operating results and other matters.」
Although reliance on interest-bearing debt remains high, it declined from ¥2,513.807 million, or 36.4%, in the previous fiscal year to ¥2,190.874 million, or 27.8%. The company also describes measures including converting long-term borrowings to fixed rates and using interest-rate swaps. - FY2022-Q3MitigatedAnnual report
「Short-term borrowings 1,396.928 911.523 Long-term borrowings 473.673 865.640」
Short-term borrowings decreased from ¥1,396.928 million to ¥911.523 million, while long-term borrowings increased from ¥473.673 million to ¥865.640 million. The combined total of short- and long-term borrowings decreased from the end of the previous fiscal year. - FY2022-Q2MitigatedAnnual report
「The main factors were a ¥371.571 million decrease in borrowings and increases of ¥41.661 million in accounts payable, ¥49.391 million in accrued corporate taxes and other taxes, and ¥44.494 million in borrowings and bullion.」
Borrowings decreased by ¥371.571 million from the end of the previous fiscal year, reducing exposure to the high level of interest-bearing debt. - FY2022-Q1MitigatedAnnual report
「Liabilities decreased by ¥454.296 million from the end of the previous fiscal year to ¥3,133.174 million. The main factors were decreases of ¥348.762 million in borrowings, ¥52.998 million in provision for bonuses, and ¥68.950 million in borrowings and bullion.」
Total liabilities decreased by ¥454.296 million and borrowings by ¥348.762 million, reducing exposure to the high level of interest-bearing debt. - FY2021-Q3MitigatedAnnual report
「Total liabilities decreased by ¥89.919 million from the end of the previous consolidated fiscal year to ¥3,707.652 million. The main factors were decreases of ¥81.079 million in borrowings and ¥47.993 million in the provision for bonuses, and a ¥32.969 million increase in borrowed bullion.」
Total liabilities decreased from the end of the previous fiscal year, and borrowings also decreased by ¥81.079 million, reducing exposure to the high level of interest-bearing debt. - FY2021-Q2WorsenedAnnual report
「Total liabilities increased by ¥50.002 million from the end of the previous consolidated fiscal year to ¥3,847.573 million. The main factors were increases of ¥47.883 million in borrowings and ¥34.225 million in borrowed bullion, and a ¥10.583 million decrease in accrued income taxes.」
Borrowings increased by ¥47.883 million from the end of the previous consolidated fiscal year, expanding exposure to high levels of interest-bearing debt. - FY2021-Q1WorsenedAnnual report
「The main factors were a ¥173.638 million increase in borrowings and decreases of ¥53.843 million in the provision for bonuses and ¥53.038 million in accrued income taxes.」
Liabilities at the end of the quarter increased by ¥72.518 million from the end of the previous consolidated fiscal year, and the ¥173.638 million increase in borrowings expanded exposure to interest-bearing debt. - FY2020WorsenedAnnual report
「As of the end of September 2020, the group's dependence on interest-bearing debt of ¥2,513.807 million was high at 36.4%, and a substantial change in current interest rates could affect its financial condition, results of operations and other aspects of its business.」
Interest-bearing debt was ¥2,513.807 million and the debt dependence ratio was 36.4%, expanding exposure from ¥2,026.085 million and 32.4%, respectively, in the previous fiscal year. - FY2020-Q3WorsenedAnnual report
「Total liabilities increased by ¥570.961 million from the end of the previous consolidated fiscal year to ¥3,798.355 million. The main factors were increases of ¥335.506 million in borrowings, ¥130 million in bonds and ¥137.354 million in other current liabilities.」
Increases of ¥335.506 million in borrowings and ¥130 million in bonds, among other factors, expanded exposure to liabilities and interest-bearing debt. - FY2020-Q2WorsenedAnnual report
「Total liabilities increased by ¥687.279 million from the end of the previous consolidated fiscal year to ¥3,914.673 million. The main factors were increases of ¥224.161 million in borrowings, ¥130 million in bonds, ¥73.424 million in the provision for disaster losses and ¥202.018 million in other current liabilities.」
Increases of ¥224.161 million in borrowings and ¥130 million in bonds, among other factors, expanded exposure to liabilities and interest-bearing debt. - FY2020-Q1WorsenedAnnual report
「Total liabilities increased by ¥296.388 million from the end of the previous consolidated fiscal year to ¥3,523.782 million. The main factors were increases of ¥123.455 million in borrowings, ¥130 million in bonds and ¥149.741 million in the provision for disaster losses, and decreases of ¥41.825 million in the provision for bonuses and ¥69.983 million in long-term deferred tax liabilities.」
Borrowings increased by ¥123.455 million and bonds by ¥130 million from the end of the previous consolidated fiscal year, expanding exposure to interest-bearing debt. - FY2019MitigatedAnnual report
「As of the end of September 2019, the group's interest-bearing debt was ¥2,026.085 million, representing a high debt dependence ratio of 32.4%. The group is working to reduce interest-bearing debt and financial costs.」
Interest-bearing debt decreased from ¥2,175.356 million at the end of the previous fiscal year to ¥2,026.085 million, and the debt dependence ratio decreased from 34.1% to 32.4%. - FY2019-Q3WorsenedAnnual report
「Total liabilities increased by ¥14.671 million from the end of the previous consolidated fiscal year to ¥3,356.890 million. The main factors were increases of ¥32.892 million in borrowings, ¥14.671 million in long-term accrued liabilities and ¥28.381 million in deferred tax liabilities, and a ¥56.139 million decrease in the provision for bonuses.」
Borrowings increased by ¥32.892 million from the end of the previous consolidated fiscal year, expanding exposure to high levels of interest-bearing debt. - FY2019-Q2MitigatedAnnual report
「Total liabilities decreased by ¥24.610 million from the end of the previous consolidated fiscal year to ¥3,317.608 million. The main factors were a ¥91.214 million decrease in borrowings and a ¥33.238 million increase in accrued income taxes.」
Borrowings decreased by ¥91.214 million from the end of the previous fiscal year, reducing exposure to high levels of interest-bearing debt. - FY2019-Q1WorsenedAnnual report
「Total liabilities increased by ¥125.210 million from the end of the previous consolidated fiscal year to ¥3,467.429 million. The main factors were increases of ¥81.566 million in borrowings and ¥49.623 million in other current liabilities.」
Borrowings increased by ¥81.566 million from the end of the previous fiscal year, expanding exposure to high levels of interest-bearing debt. - FY2018WorsenedAnnual report
「As of the end of September 2018, the group's interest-bearing debt was ¥2,175.356 million, representing a high debt dependence ratio of 34.1%. The group is working to reduce interest-bearing debt and financial costs, but a substantial change in current interest rates could affect its financial condition, results of operations and other aspects of its business.」
Interest-bearing debt increased to ¥2,175.356 million from ¥2,029.165 million at the end of the previous fiscal year. The debt dependence ratio was 34.1%, continuing to highlight the risk from interest rate fluctuations. - FY2018-Q3MitigatedAnnual report
「Total liabilities decreased by ¥142.028 million from the end of the previous consolidated fiscal year to ¥3,029.579 million. The main factors were decreases of ¥134.135 million in accrued income taxes and ¥44.560 million in borrowings.」
Borrowings decreased by ¥44.560 million from the end of the previous fiscal year, and total liabilities also decreased by ¥142.028 million, reducing exposure to interest-bearing debt. - FY2018-Q2MitigatedAnnual report
「Total liabilities decreased by ¥51.050 million from the end of the previous consolidated fiscal year to ¥3,120.557 million. The main factor was a ¥62.947 million decrease in borrowings.」
Borrowings decreased by ¥62.947 million from the end of the previous fiscal year, and total liabilities also decreased by ¥51.050 million. Exposure to interest-bearing debt contracted from the end of the previous fiscal year. - FY2018-Q1WorsenedAnnual report
「The main factors were decreases of ¥128.811 million in accrued income taxes and ¥40.942 million in the provision for bonuses, and increases of ¥142.575 million in borrowings and ¥60.258 million in other current liabilities.」
Borrowings increased by ¥142.575 million from the end of the previous fiscal year, expanding exposure to high levels of interest-bearing debt. - FY2017MitigatedAnnual report
「As of the end of September 2017, the group's interest-bearing debt was ¥2,029.165 million, representing a high debt dependence ratio of 34.1%. The group is working to reduce interest-bearing debt and financial costs.」
Interest-bearing debt decreased from ¥2,273.799 million at the end of the previous fiscal year to ¥2,029.165 million, and the debt dependence ratio decreased from 39.4% to 34.1%. - FY2017-Q3MitigatedAnnual report
「The main factors were an ¥83.599 million increase in accrued income taxes and decreases of ¥13.107 million in borrowings, ¥40 million in bonds, and ¥61.406 million in deferred tax liabilities.」
Borrowings decreased by ¥13.107 million and bonds by ¥40 million from the end of the previous consolidated fiscal year, reducing exposure to interest-bearing debt. - FY2017-Q2WorsenedAnnual report
「The main factor was a ¥519.673 million increase in borrowings.」
Liabilities at the end of the quarter increased by ¥518.256 million from the end of the previous consolidated fiscal year, primarily due to a ¥519.673 million increase in borrowings. Exposure to interest-bearing debt increased from the previous quarter. - FY2017-Q1MitigatedAnnual report
「Total liabilities decreased by ¥166.667 million from the end of the previous consolidated fiscal year to ¥3,058.640 million. The main factor was a ¥180.809 million decrease in borrowings.」
Borrowings decreased by ¥180.809 million, reducing exposure to interest-bearing debt from the end of the previous consolidated fiscal year. - FY2016First statedAnnual report
「As of the end of September 2016, the group's interest-bearing debt was ¥2,273.799 million, representing a high debt dependence ratio of 39.4%. The group is working to reduce interest-bearing debt and financial costs, but a substantial change in current interest rates could affect its financial condition, results of operations and other aspects of its business.」
Interest-bearing debt was ¥2,273.799 million, with a debt dependence ratio of 39.4%, highlighting the risk from interest rate fluctuations and the need to reduce interest-bearing debt.