Interest-Bearing Debt, Rising Interest Rates, and Financial Covenants
First written in FY2020. 7 of 14 entries say "Mitigated", first in FY2024-Q2. Latest entry: 2026-08-12.
Tameny moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2017: 8 of 54 companies on the "Worse" side.
52 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Cash and deposits 3,115,059 Long-term borrowings due for repayment within one year 1,751,479 Short-term borrowings 655,167」
Cash and deposits stood at ¥3,115 million, exceeding the combined ¥2,407 million in short-term borrowings and long-term borrowings due for repayment within one year. However, the risks associated with interest-bearing debt and financial covenants remain. - FY2026-H1MitigatedAnnual report
「Although cash and deposits stood at ¥1,914,650 thousand at the end of the interim accounting period, borrowings due for repayment within one year from that date remained relatively high at ¥1,652,986 thousand.」
Following the third-party allotment, cash and deposits stood at ¥1,914,650 thousand, exceeding borrowings due for repayment within one year of ¥1,652,986 thousand. Borrowing costs remain high, and uncertainty regarding the going-concern assumption remains. - FY2025-H1WorsenedAnnual report
「Although cash and cash equivalents stood at ¥1,366 million as of 30 September 2024, borrowings due for repayment within one year from that date amounted to a substantial ¥1,647 million. Accordingly, circumstances continue to exist that raise substantial doubt about the Company's ability to continue as a going concern.」
Although borrowings declined from the end of the previous fiscal year, cash and cash equivalents also decreased, and borrowings due for repayment within one year exceeded cash and cash equivalents by ¥281 million, clearly indicating a liquidity burden. - FY2024WorsenedAnnual report
「As cash and cash equivalents stood at ¥1,691 million at the end of the fiscal year, while borrowings due for repayment within one year from that date amounted to a substantial ¥1,791 million,」
Although total borrowings declined from the end of the previous fiscal year, borrowings due for repayment within one year of ¥1,791 million exceeded cash and cash equivalents of ¥1,691 million, indicating a liquidity burden. - FY2024-Q3Continued decline in liabilities and borrowings from the end of the previous fiscal yearAnnual report
「At the end of the third quarter accounting period, liabilities decreased by ¥279 million from the end of the previous fiscal year to ¥4,596 million. The main factors were decreases of ¥197 million in long-term borrowings and ¥16 million in long-term accounts payable included in other non-current liabilities.」
Describes the decline in total liabilities and long-term borrowings from the end of the previous fiscal year. - FY2024-Q2MitigatedAnnual report
「At the end of the second quarter accounting period, liabilities decreased by ¥305 million from the end of the previous fiscal year to ¥4,570 million. Non-current liabilities decreased by ¥284 million to ¥2,343 million. The main factor was a ¥272 million decrease in long-term borrowings.」
Total liabilities decreased by ¥305 million, non-current liabilities by ¥284 million and long-term borrowings by ¥272 million. Borrowing dependence and financial burdens have decreased from the end of the previous fiscal year. - FY2021WorsenedAnnual report
「Because the Group primarily finances investments, including security deposits and guarantee deposits for new store openings and the cost of acquiring shares to expand its businesses, through borrowings from financial institutions and other means, interest-bearing debt accounts for a high proportion of total assets.」
Long-term borrowings increased from ¥2,266,960 thousand at the end of the previous fiscal year to ¥2,739,734 thousand, with borrowing dependence and financial burdens expanding while the Company remains in a negative net worth position. - FY2021-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥655 million from the end of the previous consolidated fiscal year to ¥3,234 million. The main factor was a ¥678 million increase in long-term borrowings.」
Long-term borrowings increased by ¥678 million, while non-current liabilities also increased by ¥655 million. Borrowing dependence and financial burdens are expanding while the Company remains in a negative net worth position. - FY2021-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥974 million from the end of the previous consolidated fiscal year to ¥3,553 million. The main factor was a ¥973 million increase in long-term borrowings.」
Long-term borrowings increased by ¥973 million, bringing total liabilities to ¥5,781 million and net assets to negative ¥325 million. Borrowing dependence and deterioration in financial condition are progressing simultaneously. - FY2020First statedAnnual report
「Because the Group primarily finances investments, including security deposits and guarantee deposits for new store openings and the cost of acquiring shares to expand its businesses, through borrowings from financial institutions and other means, interest-bearing debt accounts for a high proportion of total assets.」
Disclosed the risk of rising interest rates from financing acquisition and investment funds through borrowings, and the risk of loss of the benefit of time in respect of debt upon a breach of financial covenants.