Interest-Bearing Debt and Exposure to Rising Interest Rates
First written in FY2016. 14 of 30 entries say "Mitigated", first in FY2019-Q2. Latest entry: 2026-11-02.
Nichidai 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 2025: 31 of 99 companies on the "Worse" side.
42 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As of the end of the current consolidated fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥1,482 million.」
Interest-bearing debt decreased from ¥1,986.851 million at the end of the previous fiscal year to ¥1,482.11 million, and debt associated with interest expense exposure when interest rates rise declined. - FY2026-H1MitigatedAnnual report
「As of the end of the current interim consolidated accounting period, interest-bearing debt, including borrowings and lease obligations, stood at ¥1,065 million.」
Interest-bearing debt stood at ¥1,065 million, down significantly from ¥1,986.851 million at the end of the previous fiscal year. Exposure associated with interest expense when interest rates rise declined. - FY2025MitigatedAnnual report
「As of the end of the current consolidated fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥1,986 million.」
Interest-bearing debt decreased from approximately ¥2,000 million at the end of the previous fiscal year to ¥1,986.851 million, and debt associated with interest expense exposure when interest rates rise declined. - FY2025-H1MitigatedAnnual report
「As of the end of the current interim consolidated accounting period, interest-bearing debt, including borrowings and lease obligations, stood at ¥1,955 million.」
Interest-bearing debt stood at ¥1,955 million, down from approximately ¥2,000 million at the end of the previous consolidated fiscal year. Debt associated with interest expense exposure when interest rates rise declined. - FY2024-Q3MitigatedAnnual report
「Liabilities increased by ¥80 million from the end of the previous consolidated fiscal year to ¥4,154 million. This was primarily due to increases of ¥91 million in accounts payable, ¥41 million in provision for bonuses, ¥58 million in deferred tax liabilities and ¥186 million in other current liabilities, partly offset by a ¥266 million decrease in borrowings.」
Borrowings decreased by ¥266 million from the end of the previous consolidated fiscal year. Borrowings related to interest-bearing debt declined, reducing exposure to interest expense when interest rates rise from the upward trend through the previous quarter. - FY2024-Q2WorsenedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥2,494 million.」
Interest-bearing debt increased from ¥2,217.559 million at the end of March 2023 to ¥2,494 million, and debt associated with interest expense exposure when interest rates rise increased. - FY2024-Q1WorsenedAnnual report
「Liabilities increased by ¥184 million from the end of the previous consolidated fiscal year to ¥4,257 million. This was primarily due to increases of ¥60 million in accounts payable, ¥22 million in borrowings and ¥197 million in provision for bonuses, partly offset by a ¥53 million decrease in income taxes payable and other liabilities.」
Borrowings increased by ¥22 million from the end of the previous consolidated fiscal year, while total liabilities increased by ¥184 million. Borrowings associated with interest expense exposure when interest rates rise increased slightly. - FY2023WorsenedAnnual report
「As of the end of the current consolidated fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥2,217 million.」
Interest-bearing debt increased from ¥2,059.063 million at the end of the previous fiscal year to ¥2,217.559 million. Debt associated with interest expense exposure when interest rates rise has increased. - FY2023-Q3WorsenedAnnual report
「Liabilities increased by ¥316 million from the end of the previous consolidated fiscal year to ¥4,204 million. This was primarily due to increases of ¥51 million in accounts payable, ¥426 million in borrowings and ¥47 million in deferred tax liabilities, partly offset by a ¥209 million decrease in lease obligations.」
Borrowings increased by ¥426 million from the end of the previous consolidated fiscal year. Although lease obligations declined, borrowings associated with interest expense exposure when interest rates rise increased. - FY2023-Q2MitigatedAnnual report
「At the end of the second quarter of the current fiscal year, the balance of interest-bearing debt, including borrowings and lease liabilities, was ¥2.002 billion.」
The balance of interest-bearing debt decreased from ¥2,059.063 million at the end of March 2022 to ¥2.002 billion, reducing the balance associated with the interest burden when interest rates rise. - FY2023-Q1MitigatedAnnual report
「This was mainly attributable to increases of ¥220 million in provision for bonuses and ¥103 million in accrued expenses and other payables, partly offset by decreases of ¥204 million in borrowings, ¥69 million in lease liabilities and ¥43 million in income taxes payable.」
Borrowings decreased by ¥204 million and lease liabilities by ¥69 million. The balance included in interest-bearing debt declined from the end of the previous fiscal year, reducing exposure to the interest burden when interest rates rise. - FY2022WorsenedAnnual report
「At the end of the current fiscal year, the balance of interest-bearing debt, including borrowings and lease liabilities, was ¥2.059 billion.」
The balance of interest-bearing debt increased from ¥1,415.022 million at the end of the previous fiscal year to ¥2,059.063 million, increasing the balance associated with the interest burden when interest rates rise. - FY2022-Q3WorsenedAnnual report
「Liabilities increased by ¥284 million from the end of the previous fiscal year to ¥3.771 billion. This was mainly attributable to increases of ¥340 million in lease liabilities and ¥98 million in other current liabilities, partly offset by decreases of ¥117 million in borrowings and ¥86 million in accounts payable.」
Liabilities increased by ¥284 million from the end of the previous fiscal year, while lease liabilities also increased by ¥340 million. The combined balance of borrowings and lease liabilities included in interest-bearing debt exceeded the balance at the end of the previous fiscal year, increasing the balance associated with the interest burden when interest rates rise. - FY2022-Q2WorsenedAnnual report
「At the end of the second quarter of the current fiscal year, the balance of interest-bearing debt, including borrowings and lease liabilities, was ¥1.862 billion.」
The balance of interest-bearing debt was ¥1.862 billion, exceeding the ¥1,579.626 million recorded at the end of the previous fiscal year. The debt balance associated with the interest burden when interest rates rise remains high. - FY2022-Q1WorsenedAnnual report
「Liabilities increased by ¥824 million from the end of the previous fiscal year to ¥4.311 billion. This was mainly attributable to increases of ¥166 million in accounts payable, ¥194 million in provision for bonuses and ¥408 million in lease liabilities.」
Total liabilities increased by ¥824 million, while lease liabilities also increased by ¥408 million. The increase in liability items associated with the interest burden when interest rates rise is indicated. - FY2021-Q3WorsenedAnnual report
「Liabilities decreased by ¥126 million from the end of the previous fiscal year to ¥3.657 billion. This was mainly attributable to an increase of ¥293 million in borrowings, partly offset by decreases of ¥145 million in accounts payable, ¥221 million in accrued expenses and other payables, and ¥50 million in income taxes payable.」
Although total liabilities declined, borrowings increased by ¥293 million from the end of the previous fiscal year. The borrowing balance associated with interest-bearing debt and the interest burden when interest rates rise has increased. - FY2021-Q2WorsenedAnnual report
「At the end of the second quarter of the current fiscal year, the balance of interest-bearing debt, including borrowings and lease liabilities, was ¥1.872 billion.」
The balance of interest-bearing debt was ¥1.872 billion, up from ¥1,579.626 million at the end of the previous fiscal year. The debt balance associated with the interest burden when interest rates rise has increased. - FY2021-Q1WorsenedAnnual report
「Liabilities increased by ¥110 million from the end of the previous fiscal year to ¥3.893 billion. This was mainly attributable to increases of ¥327 million in borrowings and ¥192 million in provision for bonuses, partly offset by decreases of ¥179 million in accounts payable, ¥245 million in accrued expenses and other payables.」
Borrowings increased by ¥327 million from the end of the previous fiscal year. The borrowing balance associated with interest-bearing debt and the interest burden when interest rates rise has increased. - FY2020MitigatedAnnual report
「At the end of the current fiscal year, the balance of interest-bearing debt, including borrowings and lease liabilities, was ¥1,579,626 thousand.」
The balance of interest-bearing debt declined from ¥2,077,000 thousand at the end of the previous fiscal year to ¥1,579,626 thousand, reducing the balance associated with the interest burden when interest rates rise. - FY2020-Q3WorsenedAnnual report
「The balance of interest-bearing debt increased by ¥44 million from the end of the previous fiscal year to ¥2.121 billion.」
The balance of interest-bearing debt increased by ¥44 million from the end of the previous fiscal year to ¥2.121 billion, reversing the decline through the previous quarter. The debt balance associated with the interest burden when interest rates rise has increased. - FY2020-Q2MitigatedAnnual report
「The balance of interest-bearing debt decreased by ¥154 million from the end of the previous fiscal year to ¥1.922 billion.」
The balance of interest-bearing debt decreased by ¥154 million from the end of the previous fiscal year to ¥1.922 billion, reducing the debt balance associated with the interest burden when interest rates rise. - FY2020-Q1WorsenedAnnual report
「The balance of interest-bearing debt increased by ¥402 million from the end of the previous fiscal year to ¥2.479 billion.」
The balance of interest-bearing debt increased by ¥402 million from the end of the previous fiscal year to ¥2.479 billion, increasing the debt balance associated with the interest burden when interest rates rise. - FY2019MitigatedAnnual report
「The balance of interest-bearing debt decreased by ¥202 million from the end of the previous fiscal year to ¥2.077 billion.」
The balance of interest-bearing debt decreased by ¥202 million from the end of the previous fiscal year, reducing the debt balance associated with the interest burden when interest rates rise. - FY2019-Q3MitigatedAnnual report
「The balance of interest-bearing debt decreased by ¥186 million from the end of the previous fiscal year to ¥2.093 billion.」
The balance of interest-bearing debt decreased by ¥186 million from the end of the previous fiscal year, further reducing the debt balance associated with the interest burden when interest rates rise. - FY2019-Q2MitigatedAnnual report
「The balance of interest-bearing debt decreased by ¥126 million from the end of the previous fiscal year to ¥2.153 billion.」
The balance of interest-bearing debt decreased by ¥126 million from the end of the previous fiscal year, reducing the debt balance associated with the interest burden when interest rates rise. - FY2018RestatedAnnual report
「With respect to our Group's interest-bearing debt, an increase in interest rates could increase interest expense and affect performance.」
The risk of increased interest expense due to rising interest rates associated with interest-bearing debt continues to be disclosed in the same form. - FY2017RestatedAnnual report
「With respect to our Group's interest-bearing debt, an increase in interest rates could increase interest expense and affect performance.」
The risk of rising interest rates associated with interest-bearing debt continues to be disclosed in the same form. - FY2016First statedAnnual report
「With respect to our Group's interest-bearing debt, an increase in interest rates could increase interest expense and affect performance.」
The disclosure identifies the increase in interest expense when interest rates rise and the resulting impact on performance as risks associated with interest-bearing debt.