Strengthening the Financial Position by Reducing Interest-Bearing Debt
First written in FY2016. 24 of 37 entries say "Worsened", first in FY2017. Latest entry: FY2026.
Onex moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
13 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Non-current liabilities amounted to ¥1,122 million, a decrease of ¥523 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥317 million in long-term borrowings and ¥267 million in liabilities related to retirement benefits, despite increases of ¥29 million in lease obligations and ¥24 million in other non-current liabilities, among other factors.」
Long-term borrowings decreased by ¥317 million, while total liabilities also decreased by ¥822 million from the end of the previous fiscal year. Improvement in strengthening the financial position centered on reducing interest-bearing debt is described. - FY2026-H1MitigatedAnnual report
「Total liabilities at the end of the interim consolidated accounting period decreased by ¥487 million from the end of the previous consolidated fiscal year to ¥2,936 million. This was mainly due to decreases of ¥273 million in long-term borrowings, ¥139 million in accounts payable and ¥100 million in liabilities related to retirement benefits, despite a ¥76 million increase in other non-current liabilities, among other factors.」
Long-term borrowings decreased by ¥273 million from the end of the previous consolidated fiscal year, while total liabilities also decreased by ¥487 million. Improvement under the policy of strengthening the financial position centered on reducing interest-bearing debt is described. - FY2025-H1MitigatedAnnual report
「This was due to proceeds of ¥450 million from long-term borrowings, expenditures of ¥403.770 million for repayment of long-term borrowings, expenditures of ¥100 million from the net change in short-term borrowings, dividend payments of ¥32.661 million and expenditures of ¥18.120 million for repayment of lease obligations.」
Long-term borrowings were repaid by ¥403.770 million and short-term borrowings decreased by ¥100 million, resulting in an approximately ¥54 million decrease in interest-bearing debt on the balance sheet from the end of the previous fiscal year. Improvement in strengthening the financial position through reducing interest-bearing debt is described. - FY2024-Q3MitigatedAnnual report
「Total liabilities decreased by ¥285 million from the end of the previous consolidated fiscal year to ¥3,996 million. This was mainly due to a ¥227 million decrease in long-term borrowings, despite an ¥85 million increase in short-term borrowings, among other factors.」
Short-term borrowings increased by ¥85 million, while long-term borrowings decreased by ¥227 million, resulting in a ¥285 million decrease in total liabilities. Improvement under the policy centered on reducing interest-bearing debt is described. - FY2024-Q2WorsenedAnnual report
「This was mainly due to proceeds of ¥450 million from long-term borrowings, despite expenditures of ¥379 million for repayment of long-term borrowings and ¥33 million for dividend payments, among other factors.」
Proceeds from borrowings were ¥450 million against repayments of ¥379 million in long-term borrowings. While long-term borrowings decreased slightly, short-term borrowings increased, resulting in total borrowings increasing from the end of the previous fiscal year. Improvement under the policy of reducing interest-bearing debt was limited. - FY2024-Q1WorsenedAnnual report
「Total liabilities increased by ¥192 million from the end of the previous consolidated fiscal year to ¥4,474 million. This was mainly due to increases of ¥130 million in short-term borrowings and ¥102 million in long-term borrowings, among other factors.」
Despite the policy of strengthening the financial position centered on reducing interest-bearing debt, short-term borrowings increased by ¥130 million and long-term borrowings by ¥102 million, while total liabilities also increased by ¥192 million. - FY2023MitigatedAnnual report
「Non-current liabilities amounted to ¥2,382 million, a decrease of ¥239 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥153 million in long-term borrowings and ¥66 million in other non-current liabilities.」
Despite the policy centered on reducing interest-bearing debt, long-term borrowings decreased by ¥153 million from the end of the previous fiscal year, and the total balance of long-term borrowings also decreased from ¥2,786.665 million to ¥2,564.327 million. Short-term borrowings increased by ¥100 million. - FY2023-Q3WorsenedAnnual report
「Total liabilities increased by ¥165 million from the end of the previous consolidated fiscal year to ¥4,515 million. This was mainly due to increases of ¥75 million in short-term borrowings, ¥48 million in provision for bonuses, ¥36 million in long-term borrowings, ¥27 million in liabilities related to retirement benefits, ¥11 million in accounts payable and ¥11 million in accrued expenses, despite a ¥46 million decrease in electronically recorded obligations, among other factors.」
Despite the policy of strengthening the financial position centered on reducing interest-bearing debt, short-term borrowings increased by ¥75 million and long-term borrowings by ¥36 million, while total liabilities also increased by ¥165 million. - FY2023-Q2WorsenedAnnual report
「Total liabilities increased by ¥457 million from the end of the previous consolidated fiscal year to ¥4,807 million. This was mainly due to increases of ¥226 million in long-term borrowings, ¥163 million in short-term borrowings, ¥38 million in accrued expenses and ¥41 million in other current liabilities, among other factors.」
Despite the policy centered on reducing interest-bearing debt, long-term borrowings increased by ¥226 million and short-term borrowings by ¥163 million, while total liabilities also increased by ¥457 million. - FY2023-Q1WorsenedAnnual report
「Total liabilities increased by ¥641 million from the end of the previous consolidated fiscal year to ¥4,992 million. This was mainly due to increases of ¥418 million in long-term borrowings, ¥159 million in short-term borrowings and ¥44 million in the provision for bonuses.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥418 million and short-term borrowings by ¥159 million, while total liabilities also increased by ¥641 million. - FY2022MitigatedAnnual report
「During the current consolidated fiscal year, cash and cash equivalents (hereinafter, "funds") decreased by ¥201 million from the end of the previous consolidated fiscal year to ¥2,439 million at the end of the current consolidated fiscal year. This was despite proceeds of ¥900 million from long-term borrowings, mainly because of expenditures of ¥482 million for the acquisition of property, plant and equipment and ¥969 million for repayment of long-term borrowings.」
Repayments of long-term borrowings of ¥969 million exceeded borrowing proceeds of ¥900 million, and the balance of long-term borrowings decreased from ¥2,855,801 thousand at the end of the previous fiscal year to ¥2,786,665 thousand. For the full fiscal year, a decrease in the balance is disclosed despite the policy of reducing interest-bearing debt. - FY2022-Q3WorsenedAnnual report
「Total liabilities decreased by ¥13 million from the end of the previous consolidated fiscal year to ¥4,832 million. This was mainly because, although long-term borrowings increased by ¥185 million, accounts payable decreased by ¥151 million and other current liabilities decreased by ¥49 million.」
Although total liabilities decreased, long-term borrowings increased by ¥185 million from the end of the previous fiscal year, and the borrowing balance continues to rise despite the existing policy of reducing interest-bearing debt. - FY2022-Q2WorsenedAnnual report
「Total liabilities increased by ¥353 million from the end of the previous consolidated fiscal year to ¥5,199 million. This was mainly due to increases of ¥420 million in long-term borrowings and ¥34 million in short-term borrowings, while other current liabilities decreased by ¥102 million.」
Against the policy of reducing interest-bearing debt as a priority, long-term borrowings increased by ¥420 million and short-term borrowings by ¥34 million, while total liabilities also increased by ¥353 million. - FY2022-Q1WorsenedAnnual report
「Total liabilities increased by ¥619 million from the end of the previous consolidated fiscal year to ¥5,466 million. This was mainly due to a ¥581 million increase in long-term borrowings.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥581 million from the end of the previous fiscal year, and total liabilities also increased by ¥619 million. - FY2021WorsenedAnnual report
「Although there were proceeds of ¥1,050 million from long-term borrowings, expenditures for repayment of long-term borrowings amounted to ¥917 million」
While maintaining a policy of reducing interest-bearing debt, long-term borrowings increased from ¥2,723,007 thousand at the end of the previous fiscal year to ¥2,855,801 thousand at the end of the current fiscal year. - FY2021-Q3WorsenedAnnual report
「Total liabilities increased by ¥372 million from the end of the previous consolidated fiscal year to ¥4,869 million. This was mainly due to a ¥259 million increase in long-term borrowings.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥259 million from the end of the previous fiscal year to ¥2,202 million, and total liabilities also increased by ¥372 million. - FY2021-Q1WorsenedAnnual report
「Total liabilities increased by ¥754 million from the end of the previous consolidated fiscal year to ¥5,251 million. This was mainly due to a ¥640 million increase in long-term borrowings.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥640 million from the end of the previous fiscal year, and total liabilities also increased by ¥754 million. - FY2020WorsenedAnnual report
「Non-current liabilities amounted to ¥2,779 million, a decrease of ¥54 million from the end of the previous consolidated fiscal year. This was mainly because, although long-term borrowings increased by ¥14 million, bonds decreased by ¥15 million and liabilities related to retirement benefits decreased by ¥55 million.」
Long-term borrowings increased by ¥14 million from the end of the previous fiscal year, and the balance of long-term borrowings including bonds and the current portion amounted to ¥2,723 million. The borrowing balance continues to rise despite the policy of reducing interest-bearing debt. - FY2020-Q3WorsenedAnnual report
「Total liabilities increased by ¥112 million from the end of the previous consolidated fiscal year to ¥4,815 million. This was mainly due to a ¥126 million increase in long-term borrowings.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥126 million from the end of the previous consolidated fiscal year, and total liabilities also increased by ¥112 million. - FY2020-Q2WorsenedAnnual report
「Total liabilities increased by ¥179 million from the end of the previous consolidated fiscal year to ¥4,881 million. This was mainly because, although accounts payable decreased by ¥108 million, long-term borrowings increased by ¥348 million.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥348 million from the end of the previous consolidated fiscal year, and total liabilities also increased by ¥179 million. - FY2020-Q1WorsenedAnnual report
「Total liabilities increased by ¥501 million from the end of the previous consolidated fiscal year to ¥5,204 million. This was mainly due to a ¥462 million increase in long-term borrowings.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥462 million from the end of the previous consolidated fiscal year, and total liabilities also increased by ¥501 million. - FY2019WorsenedAnnual report
「This was mainly because, despite proceeds of ¥700 million from long-term borrowings, there were expenditures of ¥654 million for repayment of long-term borrowings, ¥59 million for repayment of lease obligations and ¥25 million for redemption of bonds, among other items.」
Proceeds from long-term borrowings of ¥700 million exceeded repayments of ¥654 million, but financing activities, including bond redemptions and other items, resulted in an outflow of ¥71 million. The balance including the current portion of long-term borrowings increased from ¥2,561,279 thousand at the end of the previous fiscal year to ¥2,606,732 thousand, and continues to rise despite the policy of reducing interest-bearing debt. - FY2019-Q3WorsenedAnnual report
「Total liabilities increased by ¥87 million from the end of the previous consolidated fiscal year to ¥4,947 million. This was mainly due to a ¥102 million increase in long-term borrowings.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥102 million from the end of the previous consolidated fiscal year, and total liabilities also increased by ¥87 million. - FY2019-Q2WorsenedAnnual report
「Total liabilities increased by ¥252 million from the end of the previous consolidated fiscal year to ¥5,112 million. This was mainly due to a ¥290 million increase in long-term borrowings.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥290 million from ¥1,987 million at the end of the previous fiscal year to ¥2,278 million, and total liabilities also increased by ¥252 million. - FY2019-Q1WorsenedAnnual report
「Total liabilities increased by ¥456 million from the end of the previous consolidated fiscal year to ¥5,316 million. This was mainly due to a ¥427 million increase in long-term borrowings.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥427 million from the end of the previous consolidated fiscal year, and total liabilities also increased by ¥456 million. - FY2018WorsenedAnnual report
「The balance of interest-bearing debt at the end of the current consolidated fiscal year increased by ¥95 million from the end of the previous consolidated fiscal year to ¥2,723 million.」
Despite the existing policy of reducing interest-bearing debt, the balance of interest-bearing debt increased by ¥95 million from the end of the previous fiscal year to ¥2,723 million. - FY2018-Q3WorsenedAnnual report
「Total liabilities increased by ¥471 million from the end of the previous consolidated fiscal year to ¥5,166 million. This was mainly due to increases of ¥74 million in short-term borrowings and ¥196 million in long-term borrowings.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, short-term borrowings increased by ¥74 million and long-term borrowings by ¥196 million. - FY2018-Q2WorsenedAnnual report
「Cash provided by financing activities was ¥336 million, compared with ¥859 million in the same quarter of the previous year. This was mainly because, despite expenditures of ¥289 million for repayment of long-term borrowings and ¥32 million for dividend payments, the company received ¥717 million from long-term borrowings.」
Proceeds from long-term borrowings of ¥717 million exceeded repayments of ¥289 million, and the balance of long-term borrowings increased from ¥1,931 million at the end of the previous consolidated fiscal year to ¥2,267 million. The borrowing balance continues to rise despite the policy of reducing interest-bearing debt. - FY2018-Q1WorsenedAnnual report
「Total liabilities increased by ¥679 million from the end of the previous consolidated fiscal year to ¥5,374 million. This was mainly due to increases of ¥150 million in accounts payable and ¥461 million in long-term borrowings.」
Against the policy of strengthening the financial position primarily through interest-bearing debt reduction, long-term borrowings increased by ¥461 million from the end of the previous consolidated fiscal year. - FY2017WorsenedAnnual report
「The balance of interest-bearing debt at the end of the current consolidated fiscal year increased by ¥591 million from the end of the previous consolidated fiscal year to ¥2,730 million.」
The balance of interest-bearing debt increased by ¥591 million from the end of the previous fiscal year to ¥2,730 million. Long-term borrowings also increased by ¥557 million, and the balance continues to rise despite the policy of reducing interest-bearing debt. - FY2017-Q3Continued Increase in Long-Term BorrowingsAnnual report
「Total liabilities increased by ¥755 million from the end of the previous consolidated fiscal year to ¥4,751 million. This was mainly due to a ¥689 million increase in long-term borrowings.」
No change in the existing policy of strengthening the financial position primarily through interest-bearing debt reduction is disclosed, but long-term borrowings increased by ¥689 million from the end of the previous consolidated fiscal year. - FY2017-Q2Continued Increase in Long-Term BorrowingsAnnual report
「Cash provided by financing activities was ¥859 million, compared with ¥753 million in the same quarter of the previous year. This was mainly because, despite expenditures including ¥259 million for repayment of long-term borrowings, the company received ¥1,225 million from long-term borrowings.」
No change in the existing policy of strengthening the financial position primarily through interest-bearing debt reduction is disclosed, but long-term borrowings increased from ¥1,373 million at the end of the previous consolidated fiscal year to ¥2,187 million, with funds raised through borrowings exceeding repayments. - FY2017-Q1Increase in borrowingsAnnual report
「Total liabilities increased by ¥889 million from the end of the previous consolidated fiscal year to ¥4,884 million. This was mainly due to an ¥844 million increase in long-term borrowings.」
No change in the existing policy of strengthening the financial position primarily through interest-bearing debt reduction is disclosed, but long-term borrowings increased by ¥844 million from the end of the previous fiscal year as of the end of the quarter. - FY2016First statedAnnual report
「The Group is working to strengthen its financial position, primarily by reducing interest-bearing debt.」
As its policy for addressing interest rate fluctuation risk, the company indicates that it will strengthen its financial position, primarily by reducing interest-bearing debt.