Interest-rate risk on interest-bearing debt
First written in FY2018. 3 of 7 entries say "Mitigated", first in FY2020. Latest entry: FY2026.
Lobtex moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 32 of 95 companies on the "Worse" side.
40 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt amounted to ¥2,492 million (net interest-bearing debt: ¥516 million). The Company is working to reduce the risk arising from interest rate fluctuations by combining variable- and fixed-rate financing.」
Interest-bearing debt decreased from ¥2,849 million in the previous fiscal year to ¥2,492 million, while net interest-bearing debt decreased from ¥561 million to ¥516 million. The Company continues to implement measures to reduce interest rate fluctuation risk. - FY2025WorsenedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt amounted to ¥2,849 million (net interest-bearing debt: ¥561 million). The Company is working to reduce the risk arising from interest rate fluctuations by combining variable- and fixed-rate financing.」
The Company continues to address interest rate fluctuation risk, but net interest-bearing debt increased from ¥353 million in the previous fiscal year to ¥561 million. - FY2024ReframedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt amounted to ¥3,144 million (net interest-bearing debt: ¥353 million). The Company is working to reduce the risk arising from interest rate fluctuations by combining variable- and fixed-rate financing. However, when funds are required for new investments aimed at business expansion and technological innovation, financing terms may deteriorate depending on major changes in financial markets, potentially affecting the Company's financial position or operating results.」
The explanation changed from eliminating the impact through fixed-rate financing to reducing it by combining variable- and fixed-rate financing, and the risk of future deterioration in financing terms was also explicitly stated. - FY2022MitigatedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt amounted to ¥2,696 million (net interest-bearing debt: negative ¥160 million), but the Company has eliminated the impact of interest rate increase risk by obtaining fixed-rate financing.」
The Company continued to address interest rate increase risk through fixed-rate financing, and net interest-bearing debt was negative ¥160 million. - FY2020MitigatedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt amounted to ¥2,782 million (net interest-bearing debt: ¥781 million), but the Company has eliminated the impact of interest rate increase risk by obtaining fixed-rate financing.」
Interest-bearing debt decreased from the end of the previous fiscal year, and the Company explicitly stated that it would address interest rate increase risk through fixed-rate financing. - FY2019WorsenedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt amounted to ¥2,814 million (net interest-bearing debt: ¥741 million). If interest rates rise during an economic recovery, interest expense may increase.」
Interest-bearing debt increased from ¥2,662 million at the end of the previous fiscal year to ¥2,814 million, while net interest-bearing debt increased from ¥455 million to ¥741 million. - FY2018First statedAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt amounted to ¥2,662 million (net interest-bearing debt: ¥455 million). If interest rates rise during an economic recovery, interest expense may increase.」
The Company identifies the possibility of higher interest expense when interest rates rise as a risk, against the backdrop of ¥2,662 million in interest-bearing debt.