Lower reliance on interest-bearing debt
First written in FY2016. 12 of 32 entries say "Worsened", first in FY2017. Latest entry: FY2026.
Ichikura 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
「At the end of the 36th consolidated fiscal year, interest-bearing debt totaled ¥4,537,547 thousand and reliance on interest-bearing debt was 25.8%.」
Interest-bearing debt declined from ¥6,009,271 thousand in the previous fiscal year to ¥4,537,547 thousand, while reliance on interest-bearing debt declined from 30.0% to 25.8%. Cash flows from operating activities were also ¥1,291,704 thousand, indicating progress toward reducing liabilities. - 2026-05-13MitigatedEarnings
「Short-term borrowings declined by ¥860,000 thousand and current portion of long-term borrowings declined by ¥84,721 thousand, while long-term borrowings declined by ¥508,014 thousand.」
Both short-term and long-term borrowings declined, indicating a reduction in interest-bearing debt. - FY2026-H1MitigatedAnnual report
「The balance of current liabilities was ¥13,361,769 thousand, up 4.1% year on year. This was mainly due to an increase of ¥1,433,092 thousand in advances received, despite decreases of ¥104,742 thousand in trade payables, ¥660,000 thousand in short-term borrowings and ¥164,978 thousand in other liabilities. The balance of non-current liabilities was ¥2,531,031 thousand, down 9.1% year on year. This was mainly due to a decrease of ¥251,488 thousand in long-term borrowings.」
Short-term borrowings decreased by ¥660,000 thousand and long-term borrowings by ¥251,488 thousand, indicating progress toward reducing reliance on interest-bearing debt. Meanwhile, current liabilities and total liabilities increased due to an increase in advances received. - FY2025WorsenedAnnual report
「At the end of the 35th consolidated fiscal year, interest-bearing debt totaled ¥6,009,271 thousand and reliance on interest-bearing debt was 30.0%.」
Interest-bearing debt increased from ¥5,765,943 thousand in the previous fiscal year to ¥6,009,271 thousand, while reliance on interest-bearing debt rose from 28.7% to 30.0%. Exposure to liabilities relative to the reduction policy has worsened. - FY2025-H1Increase in short-term borrowings and decline in long-term borrowingsAnnual report
「The balance of current liabilities was ¥13,469,102 thousand, up 9.3% year on year. This was mainly due to increases of ¥670,000 thousand in short-term borrowings and ¥858,803 thousand in advances received, despite decreases of ¥143,193 thousand in trade payables, ¥70,027 thousand in accrued expenses and ¥73,351 thousand in other accrued expenses. The balance of non-current liabilities was ¥3,010,417 thousand, down 7.4% year on year. This was mainly due to a decrease of ¥247,066 thousand in long-term borrowings.」
Despite the target of reducing reliance on interest-bearing debt, short-term borrowings increased by ¥670,000 thousand, while long-term borrowings decreased by ¥247,066 thousand. The borrowing mix changed, with current liabilities increasing 9.3% from the end of the previous fiscal year and non-current liabilities declining 7.4%. - FY2024Change in Borrowing MixAnnual report
「Interest-bearing debt (¥ thousand) (Note 1) 5,765,943 Reliance on interest-bearing debt (%) (Note 2) 28.7 Interest expense (¥ thousand) 21,790」
While reliance on interest-bearing debt declined from 29.3% in the previous fiscal year to 28.7%, interest-bearing debt increased from ¥5,599,869 thousand to ¥5,765,943 thousand. A decrease in short-term borrowings coexisted with an increase in long-term borrowings. - FY2024-Q3Change in Borrowing MixAnnual report
「The balance of current liabilities was ¥12,162,846 thousand, down 3.3% year on year. This was mainly due to decreases of ¥510,000 thousand in short-term borrowings and ¥164,779 thousand in advances received, despite increases of ¥65,799 thousand in current portions of long-term borrowings and ¥248,870 thousand in accrued expenses. The balance of non-current liabilities was ¥2,769,897 thousand, up 8.2% year on year. This was mainly due to an increase of ¥196,244 thousand in long-term borrowings.」
While short-term borrowings decreased by ¥510,000 thousand, long-term borrowings increased by ¥196,244 thousand, and non-current liabilities increased 8.2% year on year. The decrease in short-term borrowings toward reducing reliance on interest-bearing debt coexisted with an increase in long-term borrowings. - FY2024-Q2Change in Borrowing MixAnnual report
「The balance of current liabilities was ¥12,855,212 thousand, up 2.2% year on year. This was mainly due to increases of ¥115,421 thousand in current portions of long-term borrowings and ¥594,466 thousand in advances received, despite decreases of ¥85,332 thousand in trade payables and ¥360,000 thousand in short-term borrowings. The balance of non-current liabilities was ¥2,871,843 thousand, up 12.2% year on year. This was mainly due to an increase of ¥303,941 thousand in long-term borrowings.」
While short-term borrowings decreased by ¥360,000 thousand, current portions of long-term borrowings increased by ¥115,421 thousand and long-term borrowings by ¥303,941 thousand. Non-current liabilities and total liabilities increased, with progress toward reducing reliance on interest-bearing debt coexisting with an increase in long-term borrowings. - FY2024-Q1Change in Borrowing MixAnnual report
「The balance of current liabilities was ¥12,455,704 thousand, down 1.0% year on year. This was mainly due to an increase of ¥323,951 thousand in advances received, despite decreases of ¥380,000 thousand in short-term borrowings and ¥44,038 thousand in accrued expenses. The balance of non-current liabilities was ¥2,785,404 thousand, up 8.8% year on year. This was mainly due to an increase of ¥220,978 thousand in long-term borrowings.」
While short-term borrowings decreased by ¥380,000 thousand, long-term borrowings increased by ¥220,978 thousand. Total liabilities increased 0.7% year on year, with progress toward reducing reliance on interest-bearing debt coexisting with an increase in long-term borrowings. - FY2023Change in Borrowing MixAnnual report
「Interest-bearing debt (¥ thousand) (Note 1) 5,599,869 Reliance on interest-bearing debt (%) (Note 2) 29.3 Interest expense (¥ thousand) 22,554」
While reliance on interest-bearing debt declined from 29.9% in the previous fiscal year to 29.3%, interest-bearing debt increased from ¥5,441,788 thousand to ¥5,599,869 thousand. A decrease in short-term borrowings coexisted with an increase in long-term borrowings. - FY2023-Q3Change in Borrowing MixAnnual report
「The balance of current liabilities was ¥12,327,163 thousand, down 3.2% year on year. This was mainly due to a decrease of ¥780,000 thousand in short-term borrowings, despite increases of ¥181,693 thousand in accrued expenses and ¥176,627 thousand in advances received. The balance of non-current liabilities was ¥2,468,146 thousand, up 19.8% year on year. This was mainly due to an increase of ¥343,426 thousand in long-term borrowings.」
While short-term borrowings decreased by ¥780,000 thousand, long-term borrowings increased by ¥343,426 thousand, with progress toward reducing reliance on interest-bearing debt coexisting with an increase in long-term borrowings. - FY2023-Q2Change in Borrowing MixAnnual report
「The balance of current liabilities was ¥12,893,233 thousand, up 1.3% year on year. This was mainly due to an increase of ¥945,104 thousand in advances received, despite decreases of ¥550,000 thousand in short-term borrowings and ¥228,204 thousand in other liabilities. The balance of non-current liabilities was ¥2,567,888 thousand, up 24.6% year on year. This was mainly due to an increase of ¥450,411 thousand in long-term borrowings.」
While short-term borrowings decreased by ¥550,000 thousand, long-term borrowings increased by ¥450,411 thousand, with progress toward reducing interest-bearing debt coexisting with an increase in long-term borrowings. - FY2023-Q1MitigatedAnnual report
「Liabilities totaled ¥14,896,521 thousand, up 0.7% year on year. The balance of current liabilities was ¥12,936,793 thousand, up 1.6% year on year. This was mainly due to an increase of ¥627,531 thousand in advances received, despite decreases of ¥114,604 thousand in trade payables and ¥182,578 thousand in other liabilities. The balance of non-current liabilities was ¥1,959,727 thousand, down 4.9% year on year. This was mainly due to a decrease of ¥109,191 thousand in long-term borrowings.」
Long-term borrowings decreased by ¥109,191 thousand and non-current liabilities declined 4.9% year on year, indicating continued progress toward the target of reducing reliance on interest-bearing debt. Meanwhile, total liabilities increased 0.7% due to an increase in advances received. - FY2022MitigatedAnnual report
「Interest-bearing debt (¥ thousand) (Note 1) 5,441,788 Reliance on interest-bearing debt (%) (Note 2) 29.9 Interest expense (¥ thousand) 21,683」
Interest-bearing debt declined from ¥6,712,098 thousand in the previous fiscal year to ¥5,441,788 thousand, while reliance on interest-bearing debt declined from 37.6% to 29.9%. - FY2022-Q3MitigatedAnnual report
「Liabilities totaled ¥15,307,381 thousand, up 6.1% year on year. The balance of current liabilities was ¥13,123,528 thousand, up 8.6% year on year. This was mainly due to increases of ¥123,930 thousand in accrued expenses and ¥1,583,665 thousand in advances received, despite a decrease of ¥810,000 thousand in short-term borrowings. The balance of non-current liabilities was ¥2,183,852 thousand, down 6.6% year on year. This was mainly due to a decrease of ¥156,734 thousand in long-term borrowings.」
Short-term borrowings decreased by ¥810,000 thousand and long-term borrowings by ¥156,734 thousand, indicating progress toward reducing interest-bearing debt. Meanwhile, total liabilities increased 6.1% year on year due to increases in advances received and other items. - FY2022-Q2MitigatedAnnual report
「This was mainly due to an increase of ¥1,883,463 thousand in advances received, despite a decrease of ¥840,000 thousand in short-term borrowings. The balance of non-current liabilities was ¥2,313,163 thousand, down 1.1% year on year. This was mainly due to a decrease of ¥72,274 thousand in long-term borrowings, despite increases of ¥14,405 thousand in asset retirement obligations and ¥16,289 thousand in liabilities related to retirement benefits.」
Short-term borrowings decreased by ¥840,000 thousand and long-term borrowings by ¥72,274 thousand, indicating progress toward reducing interest-bearing debt. Meanwhile, total liabilities increased 6.9% from the end of the previous fiscal year due to an increase in advances received. - FY2022-Q1MitigatedAnnual report
「The balance of current liabilities was ¥12,698,182 thousand, up 5.0% year on year. This was mainly due to an increase of ¥1,082,808 thousand in advances received, despite decreases of ¥390,000 thousand in short-term borrowings and ¥59,777 thousand in trade payables. The balance of non-current liabilities was ¥2,250,174 thousand, down 3.8% year on year. This was mainly due to a decrease of ¥107,523 thousand in long-term borrowings.」
Short-term borrowings decreased by ¥390,000 thousand and long-term borrowings by ¥107,523 thousand, indicating progress toward reducing interest-bearing debt. Meanwhile, current liabilities and total liabilities increased due to an increase in advances received. - FY2021WorsenedAnnual report
「Interest-bearing debt (¥ thousand) (Note 1) 6,712,098 Reliance on interest-bearing debt (%) (Note 2) 37.6 Interest expense (¥ thousand) 23,340」
Despite the policy of reducing reliance on interest-bearing debt, interest-bearing debt totaled ¥6,712,098 thousand at the end of the fiscal year and reliance on interest-bearing debt was 37.6%, up from 29.2% at the end of the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「The balance of current liabilities was ¥11,357,854 thousand, up 14.5% year on year. This was mainly due to increases of ¥1,370,000 thousand in short-term borrowings and ¥130,506 thousand in provisions for refunds.」
Despite the policy of reducing reliance on interest-bearing debt, short-term borrowings increased by ¥1,370,000 thousand from the end of the previous fiscal year, and current liabilities increased 14.5%. - FY2021-Q2WorsenedAnnual report
「Liabilities totaled ¥14,862,070 thousand, up 17.4% year on year. The balance of current liabilities was ¥12,316,993 thousand, up 24.1% year on year. This was mainly due to increases of ¥1,640,000 thousand in short-term borrowings and ¥1,064,493 thousand in advances received, despite a decrease of ¥139,861 thousand in trade payables.」
Despite the policy of reducing reliance on interest-bearing debt, liabilities increased 17.4% year on year and short-term borrowings also increased by ¥1,640,000 thousand. Long-term borrowings decreased by ¥225,966 thousand. - FY2021-Q1WorsenedAnnual report
「Liabilities totaled ¥14,119,736 thousand, up 11.5% year on year. The balance of current liabilities was ¥11,475,332 thousand, up 15.6% year on year. This was mainly due to an increase of ¥2,780,000 thousand in short-term borrowings, despite decreases of ¥462,686 thousand in trade payables and ¥423,800 thousand in advances received.」
Despite the target of reducing reliance on interest-bearing debt, liabilities increased 11.5% from the end of the previous fiscal year, and short-term borrowings also increased by ¥2,780,000 thousand. - FY2020WorsenedAnnual report
「Interest-bearing debt (¥ thousand) (Note 1) 5,426,932 Reliance on interest-bearing debt (%) (Note 2) 29.2 Interest expense (¥ thousand) 19,412」
Interest-bearing debt totaled ¥5,426,932 thousand and reliance on interest-bearing debt was 29.2%, indicating increased exposure from ¥5,222,291 thousand and approximately 28.1% at the end of the previous fiscal year. - FY2020-Q3Decrease in long-term borrowings and liabilities, with a change in the borrowing mixAnnual report
「Liabilities totaled ¥12,327,339 thousand, down 3.1% year on year. The balance of current liabilities was ¥9,521,542 thousand, down 1.1% year on year. The balance of non-current liabilities was ¥2,805,796 thousand, down 9.2% year on year. This was mainly due to a decrease of ¥310,194 thousand in long-term borrowings.」
Total liabilities and non-current liabilities declined, and long-term borrowings also decreased by ¥310,194 thousand. Meanwhile, short-term borrowings increased from ¥2,720,000 thousand to ¥2,970,000 thousand, indicating that a change in the borrowing mix coexisted with progress toward reducing reliance on interest-bearing debt. - FY2020-Q2Decrease in long-term borrowings and changes in the debt mixAnnual report
「Liabilities totaled ¥12,935,654 thousand, up 1.7% year on year. The balance of current liabilities was ¥10,059,069 thousand, up 4.5% year on year. This was mainly due to an increase of ¥495,381 thousand in advances received. The balance of non-current liabilities was ¥2,876,585 thousand, down 6.9% year on year. This was mainly due to a decrease of ¥226,846 thousand in long-term borrowings.」
While long-term borrowings decreased by ¥226,846 thousand and non-current liabilities declined 6.9% year on year, current liabilities increased 4.5% due to an increase in advances received, and total liabilities increased 1.7%. Progress toward reducing reliance on interest-bearing debt coexisted with a change in the debt mix. - FY2020-Q1Change in Borrowing MixAnnual report
「The balance of non-current liabilities was ¥2,988,682 thousand, down 3.2% year on year. This was mainly due to a decrease of ¥107,523 thousand in long-term borrowings.」
While long-term borrowings decreased by ¥107,523 thousand, short-term borrowings increased from ¥2,720,000 thousand at the end of the previous fiscal year to ¥2,870,000 thousand, indicating a change in the borrowing mix alongside the reduction in reliance on interest-bearing debt. - FY2019-Q3WorsenedAnnual report
「The balance of non-current liabilities was ¥3,205,668 thousand, up 5.0% year on year. This was mainly due to an increase of ¥136,431 thousand in long-term borrowings.」
Despite the policy of reducing reliance on interest-bearing debt, non-current liabilities increased 5.0% from the end of the previous fiscal year, and long-term borrowings also increased by ¥136,431 thousand. - FY2019-Q2WorsenedAnnual report
「The balance of current liabilities was ¥9,116,490 thousand, up 6.2% year on year. This was mainly due to an increase of ¥450,000 thousand in short-term borrowings. The balance of non-current liabilities was ¥2,872,725 thousand, down 5.9% year on year. This was mainly due to a decrease of ¥196,821 thousand in long-term borrowings.」
Despite the policy of reducing reliance on interest-bearing debt, short-term borrowings increased by ¥450,000 thousand. Long-term borrowings decreased by ¥196,821 thousand, but total liabilities increased 3.0% year on year. - FY2018-Q3WorsenedAnnual report
「The balance of non-current liabilities was ¥3,138,354 thousand, up 57.5% year on year. This was mainly due to an increase of ¥1,093,430 thousand in long-term borrowings.」
Despite the policy of reducing reliance on interest-bearing debt, non-current liabilities increased 57.5% year on year, and long-term borrowings also increased by ¥1,093,430 thousand. - FY2018-Q2WorsenedAnnual report
「The balance of current liabilities was ¥9,164,282 thousand, up 15.9% year on year. This was mainly due to increases of ¥760,000 thousand in short-term borrowings and ¥547,282 thousand in advances received. The balance of non-current liabilities was ¥2,187,974 thousand, up 9.8% year on year. This was mainly due to an increase of ¥140,120 thousand in long-term borrowings.」
Despite the policy of reducing reliance on interest-bearing debt, short-term borrowings increased by ¥760,000 thousand and long-term borrowings by ¥140,120 thousand, further increasing exposure to borrowings and liabilities. - FY2018-Q1WorsenedAnnual report
「This was mainly due to an increase of ¥400,000 thousand in short-term borrowings. The balance of non-current liabilities was ¥2,270,152 thousand, up 13.9% year on year. This was mainly due to an increase of ¥265,640 thousand in long-term borrowings.」
Despite the policy of reducing reliance on interest-bearing debt, short-term and long-term borrowings both increased from the end of the previous fiscal year as of the end of the first quarter. - FY2017WorsenedAnnual report
「Going forward, the Company plans to strengthen its financial position by reducing its reliance on interest-bearing debt, using surplus funds generated by growth in cash flows from operating activities and other sources.」
Although the policy of reducing reliance on interest-bearing debt remains in place, the ratio increased from 23.0% in the previous fiscal year to 23.3%, while the balance of interest-bearing debt increased from ¥3,234,468 thousand to ¥3,605,187 thousand. - FY2016First statedAnnual report
「Going forward, the Company plans to strengthen its financial position by reducing its reliance on interest-bearing debt, using surplus funds generated by growth in cash flows from operating activities and other sources.」
Reliance on interest-bearing debt declined from 39.8% in the 24th fiscal year to 23.0% in the 26th fiscal year.