Constraints on New Openings Due to Reliance on Borrowings, Rising Interest Rates and Inability to Raise Funds
First written in FY2016. 22 of 34 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-05-15.
Global Kids Company Corp. moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
81 other companies' latest entry also says "Worsened".
- 2026-05-15WorsenedEarnings
「Total liabilities at the end of the interim consolidated accounting period increased by ¥3,723 million from the end of the previous consolidated fiscal year to ¥16,075 million. This was mainly due to an increase in short-term borrowings.」
The Group disclosed increased exposure to liabilities and reliance on borrowings due to the increase in short-term borrowings. - FY2026-H1WorsenedAnnual report
「Total liabilities at the end of the interim consolidated accounting period increased by ¥3,723 million from the end of the previous consolidated fiscal year to ¥16,075 million. This was mainly due to an increase in short-term borrowings.」
Total liabilities increased by ¥3,723 million from the end of the previous fiscal year to ¥16,075 million due to an increase in short-term borrowings. Exposure relating to dependence on borrowings, financial covenants and financing has expanded. - FY2025WorsenedAnnual report
「At the end of the fiscal year, borrowings amounted to ¥6,687 million, representing 33.3% of total assets.」
Borrowings increased from ¥2,919 million in the previous fiscal year to ¥6,687 million, and the ratio to total assets rose from 18.9% to 33.3%. Borrowing exposure expanded in connection with financing for M&A. - FY2024MitigatedAnnual report
「At the end of the fiscal year, borrowings amounted to ¥2,919 million, representing 18.9% of total assets.」
Borrowings decreased from ¥3,976 million in the previous fiscal year to ¥2,919 million, and the ratio to total assets fell from 23.9% to 18.9%. - FY2024-Q2WorsenedAnnual report
「Current liabilities increased by ¥4,072 million from the end of the previous consolidated fiscal year to ¥7,724 million. This was mainly attributable to a ¥4,050 million increase in short-term borrowings. Non-current liabilities decreased by ¥509 million from the end of the previous consolidated fiscal year to ¥4,409 million. This was mainly attributable to a ¥556 million decrease in long-term borrowings.」
Although long-term borrowings decreased, short-term borrowings increased by ¥4,050 million, expanding short-term borrowing exposure. - FY2024-Q1Updated for the increase in short-term borrowings and repayment of long-term borrowingsAnnual report
「The main factors were increases of ¥300 million in short-term borrowings, ¥177 million in accounts payable and ¥115 million in advances received. Non-current liabilities decreased by ¥147 million from the end of the previous consolidated fiscal year to ¥4,771 million. This was mainly due to a ¥211 million decrease in long-term borrowings, despite a ¥48 million increase in deferred tax liabilities.」
Short-term borrowings increased by ¥300 million, while long-term borrowings decreased by ¥211 million, and the company disclosed a change in the borrowing mix. - FY2023WorsenedAnnual report
「At the end of the fiscal year, borrowings amounted to ¥3,976 million, representing 23.9% of total assets.」
Borrowings increased from ¥3,711 million in the previous fiscal year to ¥3,976 million, and the ratio to total assets rose from 22.4% to 23.9%. The company updated its exposure to the impact of dependence on borrowings and rising interest rates on performance. - FY2023-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥218 million from the end of the previous consolidated fiscal year to ¥5,234 million. This was mainly attributable to a ¥289 million increase in long-term borrowings.」
Long-term borrowings increased by ¥289 million and non-current liabilities by ¥218 million. The company disclosed increased exposure relating to dependence on borrowings and financing. - FY2023-Q2WorsenedAnnual report
「Current liabilities increased by ¥3,366 million from the end of the previous consolidated fiscal year to ¥6,584 million. This was mainly attributable to a ¥3,200 million increase in short-term borrowings. Non-current liabilities decreased by ¥430 million from the end of the previous consolidated fiscal year to ¥4,585 million. This was mainly attributable to a ¥430 million decrease in long-term borrowings.」
Although long-term borrowings decreased by ¥430 million, short-term borrowings increased by ¥3,200 million, expanding short-term borrowing exposure. - FY2023-Q1MitigatedAnnual report
「Non-current liabilities decreased by ¥149 million from the end of the previous consolidated fiscal year to ¥4,866 million. This was mainly attributable to a ¥188 million decrease in long-term borrowings.」
External borrowing exposure has declined from the end of the previous consolidated fiscal year due to the decrease in long-term borrowings. - FY2022MitigatedAnnual report
「At the end of the fiscal year, borrowings amounted to ¥3,711 million, representing 22.4% of total assets.」
Borrowings decreased from ¥4,532 million in the previous fiscal year to ¥3,711 million, and the ratio to total assets fell from 25.0% to 22.4%. The risk that dependence on borrowings, interest rate fluctuations and an inability to raise funds could constrain growth investments continues. - FY2022-Q3MitigatedAnnual report
「Non-current liabilities decreased by ¥915 million from the end of the previous consolidated fiscal year to ¥5,324 million. This was mainly attributable to a ¥565 million decrease in long-term borrowings through repayments and a ¥374 million decrease in deferred tax liabilities.」
Borrowing exposure declined from the end of the previous consolidated fiscal year due to repayments of long-term borrowings. - FY2022-Q2WorsenedAnnual report
「Current liabilities increased by ¥3,162 million from the end of the previous consolidated fiscal year to ¥6,374 million. This was mainly due to a ¥3,100 million increase in short-term borrowings.」
Long-term borrowings decreased through repayments, while short-term borrowings increased by ¥3,100 million, expanding current liabilities and short-term borrowing exposure. - FY2022-Q1MitigatedAnnual report
「Non-current liabilities decreased by ¥163 million from the end of the previous consolidated fiscal year to ¥6,076 million. This was mainly attributable to a ¥188 million decrease in long-term borrowings.」
The company disclosed that long-term borrowings decreased by ¥188 million and borrowing exposure declined from the end of the previous consolidated fiscal year. - FY2021MitigatedAnnual report
「At the end of the fiscal year, borrowings amounted to ¥4,532 million, representing 25.0% of total assets.」
Borrowings decreased from ¥5,346 million in the previous fiscal year to ¥4,532 million, and the ratio to total assets fell from 28.8% to 25.0%. The company continues to describe the risks that dependence on external borrowings, interest rate fluctuations and an inability to raise funds could constrain the opening of new facilities. - FY2021-Q3MitigatedAnnual report
「Non-current liabilities decreased by ¥444 million from the end of the previous consolidated fiscal year to ¥6,503 million. This was mainly attributable to a ¥587 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥587 million and non-current liabilities also declined, so external borrowing exposure at the end of the third quarter had decreased from the end of the previous consolidated fiscal year. - FY2021-Q2WorsenedAnnual report
「Current liabilities increased by ¥2,995 million from the end of the previous consolidated fiscal year to ¥6,462 million. This was mainly attributable to a ¥3,100 million increase in short-term borrowings. Non-current liabilities decreased by ¥339 million from the end of the previous consolidated fiscal year to ¥6,608 million. This was mainly attributable to a ¥347 million decrease in long-term borrowings.」
Although long-term borrowings decreased, current liabilities increased due to a ¥3,100 million increase in short-term borrowings, and the company disclosed an expansion of external borrowing exposure. - FY2021-Q1MitigatedAnnual report
「Non-current liabilities decreased by ¥166 million from the end of the previous consolidated fiscal year to ¥6,781 million. This was mainly attributable to a ¥196 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥196 million, and external borrowing exposure declined by the end of the first quarter. - FY2020MitigatedAnnual report
「At the end of the fiscal year, borrowings amounted to ¥5,346 million, representing 28.8% of total assets.」
Borrowings decreased from ¥5,962 million in the previous fiscal year to ¥5,346 million, and the ratio to total assets fell from 32.7% to 28.8%. The company continues to describe the risks that dependence on external borrowings, interest rate fluctuations and an inability to raise funds could constrain the opening of new facilities. - FY2020-Q3MitigatedAnnual report
「Non-current liabilities decreased by ¥145 million from the end of the previous consolidated fiscal year to ¥7,320 million. This was mainly attributable to a ¥346 million decrease in long-term borrowings, despite a ¥151 million increase in deferred tax liabilities.」
Long-term borrowings decreased by ¥346 million and non-current liabilities by ¥145 million, so external borrowing exposure had declined from the end of the previous consolidated fiscal year as of the end of the third quarter. - FY2020-Q2WorsenedAnnual report
「Current liabilities increased by ¥3,005 million from the end of the previous consolidated fiscal year to ¥6,092 million. This was mainly attributable to the drawdown of ¥2,700 million in short-term borrowings to prepare for new facility openings and a ¥252 million increase in accounts payable and other current liabilities.」
The execution of ¥2,700 million in short-term borrowings for preparations to open new facilities has sustained the Group's dependence on external borrowings and the expansion of borrowing exposure. There is no statement that an inability to raise funds or rising interest rates has occurred. - FY2020-Q1WorsenedAnnual report
「This was mainly attributable to a ¥275 million decrease in the provision for bonuses, offset by the company taking out ¥500 million in new short-term borrowings to prepare for new facility openings, and increases of ¥185 million in advances received and ¥164 million in accounts payable and other current liabilities.」
The company obtained ¥500 million in short-term borrowings for opening new facilities, and interest-bearing debt increased from the end of the previous fiscal year even after taking into account the decrease in long-term borrowings. Dependence on external borrowings continues. - FY2019WorsenedAnnual report
「At the end of the fiscal year, borrowings and bonds outstanding amounted to ¥5,962 million, representing 32.7% of total assets. The Group finances capital expenditures and other costs related to opening new childcare facilities through borrowings from financial institutions and the issuance of bonds. However, it is highly dependent on external borrowings, and sharp interest rate fluctuations or an inability to raise funds as planned could constrain the opening of new facilities and affect the Group's performance.」
Borrowings and bonds outstanding increased from ¥5,133 million in the previous fiscal year to ¥5,962 million, and the company continues to describe its high dependence on external borrowings and the risks of interest rate fluctuations and an inability to raise funds. - FY2019-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥1,725 million from the end of the previous consolidated fiscal year to ¥7,743 million. This was mainly attributable to a ¥1,051 million increase in long-term borrowings.」
Long-term borrowings increased by ¥1,051 million, and borrowing exposure continues to expand. There is no statement that an inability to raise funds or rising interest rates has occurred. - FY2019-Q2WorsenedAnnual report
「Current liabilities increased by ¥4,379 million from the end of the previous consolidated fiscal year to ¥7,475 million. This was mainly due to ¥4,300 million in short-term borrowings for preparations to open new facilities and a ¥245 million increase in accounts payable. Non-current liabilities increased by ¥736 million to ¥6,754 million, due to a ¥727 million increase in long-term borrowings.」
The company disclosed ¥4,300 million in short-term borrowings and a ¥727 million increase in long-term borrowings in connection with preparations to open new facilities, and borrowing exposure has expanded further. There is no statement that an inability to raise funds or rising interest rates has occurred. - FY2019-Q1WorsenedAnnual report
「Current liabilities increased by ¥1,874 million from the end of the previous consolidated fiscal year to ¥4,970 million. This was because the company took out new short-term borrowings in preparation for opening new facilities.」
Current liabilities increased by ¥1,874 million due to short-term borrowings for opening new facilities, and short-term borrowings of ¥2,100 million were recorded. Borrowing exposure continues to expand. - FY2018WorsenedAnnual report
「At the end of the fiscal year, borrowings and bonds outstanding amounted to ¥5,133 million, representing 32.7% of total assets.」
Borrowings and bonds outstanding increased from ¥4,167 million in the previous fiscal year to ¥5,133 million, while the ratio to total assets rose from 29.9% to 32.7%. Undrawn borrowing capacity also increased to ¥6,700 million, and the company described the risk that rising interest rates or an inability to raise funds could constrain the opening of new facilities. - FY2018-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥1,341 million from the end of the previous consolidated fiscal year to ¥6,896 million. This was mainly attributable to a ¥932 million increase in long-term borrowings.」
Long-term borrowings increased by ¥932 million from the end of the previous consolidated fiscal year, and borrowing exposure continues to expand. - FY2018-Q1WorsenedAnnual report
「Current liabilities increased by ¥2,043 million from the end of the previous consolidated fiscal year to ¥4,516 million. This was because the company took out new short-term borrowings in preparation for opening new facilities.」
Current liabilities increased due to ¥2,000 million in short-term borrowings for opening new facilities, and borrowing exposure increased from the end of the previous consolidated fiscal year. - FY2017WorsenedAnnual report
「At the end of the fiscal year, borrowings and bonds outstanding amounted to ¥4,167 million, representing 29.9% of total assets.」
Borrowings and bonds outstanding increased from ¥3,704 million in the previous fiscal year to ¥4,167 million. The company also stated that borrowings have been trending upward due to the aggressive opening of new facilities and disclosed ¥4,400 million in undrawn borrowing capacity under overdraft agreements. - FY2017-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥1,158 million from the end of the previous consolidated fiscal year to ¥5,705 million. This was mainly attributable to a ¥655 million increase in long-term borrowings and the recognition of ¥100 million in liabilities related to retirement benefits following the introduction of a retirement lump-sum benefit plan.」
Non-current liabilities increased by ¥1,158 million and long-term borrowings by ¥655 million from the end of the previous consolidated fiscal year, and borrowing exposure continues to expand. - FY2017-Q2WorsenedAnnual report
「Current liabilities increased by ¥1,266 million from the end of the previous consolidated fiscal year to ¥3,391 million. This was attributable to short-term borrowings of ¥1,300 million for preparations to open new facilities. Non-current liabilities increased by ¥822 million to ¥5,369 million. This was mainly due to a ¥753 million increase in long-term borrowings and the recognition of ¥93 million in liabilities related to retirement benefits following the introduction of a lump-sum retirement benefit plan.」
Borrowing exposure increased due to ¥1,300 million in short-term borrowings for preparations to open new facilities and a ¥753 million increase in long-term borrowings. Although the risk has been quantified, there is no statement that risks such as an inability to raise funds have materialized. - FY2017-Q1WorsenedAnnual report
「Current liabilities increased by ¥1,124 million from the end of the previous fiscal year to ¥3,248 million. This was mainly due to new short-term borrowings undertaken in preparation for opening new facilities.」
Current liabilities increased by ¥1,124 million due to short-term borrowings for opening new facilities, and short-term borrowings of ¥1,300 million were recorded. Borrowing exposure increased from the end of the previous fiscal year. - FY2016First statedAnnual report
「At the end of the fiscal year, borrowings and bonds outstanding amounted to ¥3,704.2 million, representing 31.1% of total assets.」
The company disclosed borrowings and bonds outstanding of ¥3,704.2 million, or 31.1% of total assets, and stated that the opening of new facilities could be constrained by interest rate fluctuations or an inability to raise funds as planned.