Interest rate, financing and pension asset market volatility risks
First written in FY2016. 15 of 26 entries say "Worsened", first in FY2019-Q3. Latest entry: 2026-10-30.
No other company in this theme has enough history to compare yet.
- 2026-10-30MitigatedEarnings
「短期借入金が９億円、その他が４億93百万円それぞれ減少し」
短期借入金が９億円減少し、資金調達エクスポージャーの一部低下を示した。 - FY2026MitigatedAnnual report
「Our corporate group is working to reduce this risk by diversifying its financing methods, including entering into a syndicated commitment line agreement, in order to secure a stable financial base for medium- to long-term business expansion and enhancement of corporate value and to establish a flexible financing structure.」
The balance of long-term borrowings and other debt decreased from the end of the previous fiscal year, and the company also entered into a ¥5,000 million commitment line. Risks from floating-rate financing and higher market interest rates remain, but the company is diversifying its financing methods. - 2026-05-20MitigatedResults presentation
「長期借入金 △776」
長期借入金が前期末から7億76百万円減少し、資金調達エクスポージャーの一部低下を開示している。 - FY2026-H1MitigatedAnnual report
「Non-current liabilities decreased by ¥727 million from the end of the previous consolidated fiscal year to ¥4,251 million. This was mainly due to a ¥602 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥602 million from the end of the previous consolidated fiscal year, reducing financing exposure in part. Short-term borrowings remained unchanged at ¥235 million, and interest rate and financing risks remain. - FY2025MitigatedAnnual report
「Current liabilities decreased by ¥881 million from the end of the previous consolidated fiscal year to ¥7,775 million. This was mainly due to increases of ¥1,239 million in notes and accounts payable and ¥61 million in other liabilities, and decreases of ¥1,510 million in short-term borrowings and ¥780 million in lease obligations.」
Financing exposure declined in part due to the decrease in short-term borrowings. Long-term borrowings increased by ¥1,054 million, and interest rate risk associated with primarily using floating-rate financing remains. - FY2025-H1MitigatedAnnual report
「Current liabilities decreased by ¥1,058 million from the end of the previous consolidated fiscal year to ¥7,598 million. This was mainly due to a ¥1,210 million decrease in short-term borrowings. Non-current liabilities increased by ¥1,007 million from the end of the previous consolidated fiscal year to ¥4,696 million. This was mainly due to a ¥1,000 million increase in long-term borrowings.」
The decrease in short-term borrowings exceeded the increase in long-term borrowings, reducing total short- and long-term borrowings by approximately ¥210 million from the end of the previous fiscal year. Although financing exposure declined in part, risks associated with increased long-term borrowings and floating-rate financing remain. - FY2024WorsenedAnnual report
「Because our corporate group primarily uses floating-rate financing in light of accommodative financial conditions, higher market interest rates could increase interest payments on the floating-rate portion of interest-bearing debt and affect our corporate group’s financial position and operating results.」
The company explicitly states its policy of primarily using floating-rate financing. Financing exposure has expanded, including ¥3,860 million in short-term borrowings and ¥3,004 million in long-term borrowings. - FY2024-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥1,256 million from the end of the previous consolidated fiscal year to ¥3,700 million. This was mainly due to a ¥1,542 million increase in long-term borrowings and a ¥255 million decrease in other liabilities.」
Long-term borrowings increased by ¥1,542 million from the end of the previous consolidated fiscal year, while short-term borrowings also increased by ¥765 million. Financing exposure expanded. - FY2024-Q2WorsenedAnnual report
「Current liabilities increased by ¥265 million from the end of the previous consolidated fiscal year to ¥8,129 million. This was mainly due to increases of ¥827 million in short-term borrowings and ¥887 million in other liabilities, while notes and accounts payable decreased by ¥1,296 million. Non-current liabilities increased by ¥681 million from the end of the previous consolidated fiscal year to ¥3,125 million. This was mainly due to a ¥1,039 million increase in long-term borrowings.」
Short-term borrowings increased by ¥827 million and long-term borrowings by ¥1,039 million, expanding financing exposure. - FY2024-Q1WorsenedAnnual report
「Current liabilities increased by ¥311 million from the end of the previous consolidated fiscal year to ¥8,175 million. This was mainly due to a ¥790 million increase in short-term borrowings and a ¥421 million decrease in notes and accounts payable.」
Short-term borrowings increased by ¥790 million from the end of the previous consolidated fiscal year. Although long-term borrowings decreased by ¥74 million, short-term financing exposure expanded. - FY2023-Q3WorsenedAnnual report
「Current liabilities increased by ¥2,528 million from the end of the previous consolidated fiscal year to ¥9,228 million. This was mainly due to increases of ¥1,508 million in notes and accounts payable, ¥389 million in short-term borrowings, and ¥387 million in income taxes payable. Non-current liabilities decreased by ¥373 million from the end of the previous consolidated fiscal year to ¥2,692 million. This was mainly due to decreases of ¥293 million in long-term borrowings and ¥103 million in other liabilities.」
While long-term borrowings decreased by ¥293 million, short-term borrowings increased by ¥389 million, and total short- and long-term borrowings increased from the end of the previous fiscal year. The company disclosed an expansion of financing exposure. - FY2023-Q2WorsenedAnnual report
「Current liabilities decreased by ¥13 million from the end of the previous consolidated fiscal year to ¥6,687 million. This was mainly due to a ¥615 million increase in short-term borrowings and an ¥1,196 million decrease in notes and accounts payable. Non-current liabilities decreased by ¥190 million from the end of the previous consolidated fiscal year to ¥2,875 million. This was mainly due to a ¥169 million decrease in long-term borrowings.」
While long-term borrowings decreased, short-term borrowings increased by ¥615 million, and total short- and long-term borrowings increased by approximately ¥446 million from the end of the previous fiscal year. The company disclosed an expansion of financing exposure. - FY2023-Q1WorsenedAnnual report
「Current liabilities increased by ¥230 million from the end of the previous consolidated fiscal year to ¥6,930 million. This was mainly due to increases of ¥463 million in short-term borrowings, ¥176 million in income taxes payable, and ¥141 million in other liabilities, while notes and accounts payable decreased by ¥516 million.」
Short-term borrowings increased by ¥463 million from the end of the previous consolidated fiscal year. Although long-term borrowings decreased, the company disclosed an increase in short-term financing exposure. - FY2022WorsenedAnnual report
「Current liabilities increased by ¥2,184 million from the previous consolidated fiscal year, mainly due to increases of ¥1,280 million in notes and accounts payable, ¥517 million in short-term borrowings, and ¥153 million in income taxes payable.」
Short-term borrowings increased by ¥517 million from the end of the previous fiscal year, expanding current liabilities and short-term financing exposure. Long-term borrowings decreased by ¥331 million, so increases and decreases coexisted. - FY2022-Q2RestatedAnnual report
「Current liabilities increased by ¥940 million from the end of the previous consolidated fiscal year to ¥5,457 million. This was mainly due to increases of ¥493 million in notes and accounts payable and ¥323 million in short-term borrowings. Non-current liabilities increased by ¥103 million from the end of the previous consolidated fiscal year to ¥3,371 million. This was mainly due to a ¥254 million increase in other liabilities and a ¥149 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥323 million, while long-term borrowings decreased by ¥149 million. Financing exposure therefore showed both an increase and a decrease, and no change in the policy for addressing interest rate and financing risks was stated. - FY2022-Q1WorsenedAnnual report
「Current liabilities increased by ¥993 million from the end of the previous consolidated fiscal year to ¥5,510 million. This was mainly due to increases of ¥458 million in notes and accounts payable, ¥298 million in short-term borrowings, and ¥214 million in other liabilities.」
Short-term borrowings increased by ¥298 million from the end of the previous consolidated fiscal year, disclosing increases in current liabilities and financing exposure. - FY2021WorsenedAnnual report
「Non-current liabilities increased by ¥109 million from the previous consolidated fiscal year, mainly due to a ¥249 million increase in long-term borrowings and a ¥109 million decrease in long-term lease obligations.」
Long-term borrowings increased by ¥249 million from the end of the previous fiscal year, disclosing an increase in financing exposure. - FY2021-Q3RestatedAnnual report
「Current liabilities decreased by ¥710 million from the end of the previous consolidated fiscal year to ¥4,113 million. This was mainly due to decreases of ¥361 million in notes and accounts payable, ¥203 million in other liabilities, and ¥148 million in short-term borrowings. Non-current liabilities increased by ¥4 million from the end of the previous consolidated fiscal year to ¥3,163 million. This was mainly due to a ¥140 million increase in long-term borrowings and a ¥129 million decrease in other liabilities.」
While short-term borrowings decreased, long-term borrowings increased by ¥140 million. Financing exposure therefore showed both improvement and an increase. There was no change in the policy of addressing interest rate fluctuation risk through fixed-rate financing. - FY2021-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥114 million from the end of the previous consolidated fiscal year to ¥3,272 million. This was mainly due to a ¥228 million increase in long-term borrowings and a ¥112 million decrease in other liabilities.」
While short-term borrowings decreased, long-term borrowings increased by ¥228 million from the end of the previous consolidated fiscal year. Compared with the end of the previous quarter, total short- and long-term borrowings also increased, disclosing an increase in borrowing exposure. - FY2021-Q1MitigatedAnnual report
「Short-term borrowings decreased from ¥2,118,425 thousand to ¥2,048,020 thousand, while long-term borrowings decreased from ¥1,639,361 thousand to ¥1,543,852 thousand.」
Total short- and long-term borrowings decreased from approximately ¥4,218 million at the end of the previous consolidated fiscal year to approximately ¥3,592 million, reducing borrowing exposure. - FY2020WorsenedAnnual report
「As of the end of March 2020, our corporate group had approximately ¥4,218 million in total short- and long-term interest-bearing debt.」
The balance of interest-bearing debt increased from approximately ¥2,946 million in the previous fiscal year to approximately ¥4,218 million. Mitigation measures involving fixed-rate financing remain in place. - FY2020-Q3WorsenedAnnual report
「Current liabilities decreased by ¥60 million from the end of the previous consolidated fiscal year to ¥4,477 million. This was mainly due to decreases of ¥596 million in income taxes payable and ¥591 million in notes and accounts payable, while short-term borrowings increased by ¥1,082 million. Non-current liabilities increased by ¥832 million from the end of the previous consolidated fiscal year to ¥3,159 million. This was mainly due to increases of ¥483 million in other liabilities and ¥360 million in long-term borrowings.」
Short-term borrowings increased by ¥1,082 million and long-term borrowings by ¥360 million, disclosing an increase in borrowing exposure. - FY2019WorsenedAnnual report
「As of the end of March 2019, our corporate group had approximately ¥2,946 million in total short- and long-term interest-bearing debt. Although the impact of interest rate fluctuation risk is being mitigated through fixed-rate financing and other measures, higher market interest rates could increase interest payments on the floating-rate portion of interest-bearing debt and reduce our corporate group’s earnings.」
The company disclosed interest-bearing debt of approximately ¥2,946 million, indicating that borrowing exposure increased from approximately ¥2,203 million in the previous fiscal year. Mitigation measures involving fixed-rate financing remain in place. - FY2019-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥1,024 million from the end of the previous consolidated fiscal year to ¥2,464 million. This was mainly due to an ¥1,143 million increase in long-term borrowings and a ¥106 million decrease in bonds.」
The company discloses that borrowing exposure increased from the end of the previous consolidated fiscal year due to an increase in long-term borrowings. It does not state that interest rate risk has materialized. - FY2018MitigatedAnnual report
「As of the end of March 2018, our corporate group had approximately ¥2,203 million in total short- and long-term interest-bearing debt. The impact of interest rate fluctuation risk is being mitigated through fixed-rate financing.」
The balance of interest-bearing debt declined from approximately ¥4,012 million reported for FY2016 to approximately ¥2,203 million. The policy of mitigating interest rate fluctuation risk through fixed-rate financing remains in place. - FY2016First statedAnnual report
「As of the end of March 2016, our corporate group had approximately ¥4,012 million in total short- and long-term interest-bearing debt. The impact of interest rate fluctuation risk is being mitigated through fixed-rate financing.」
The company identifies higher interest rates on interest-bearing debt, worsening financing terms, and market volatility in pension assets as risks.