Hedging against foreign exchange and interest rate fluctuations and reducing interest-bearing debt
First written in FY2016. 7 of 33 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-07-14.
The whole theme swung hardest in 2020: 5 of 47 companies on the "Worse" side.
25 other companies' latest entry also says "Other".
- 2026-07-14OtherEarnings
「Funds provided by financing activities amounted to ¥7.913 billion, compared with ¥6.530 billion used in the same period of the previous year. This was mainly due to an increase in funds resulting from a net increase of ¥6.229 billion in borrowings and a net increase of ¥5.0 billion in commercial paper.」
Contrary to its previous policy of reducing interest-bearing debt, the company recorded net increases in borrowings and commercial paper during the interim period. - FY2026-H1Borrowings and commercial paper increased during the interim periodAnnual report
「Funds provided by financing activities amounted to ¥7.913 billion, compared with ¥6.530 billion used in the same period of the previous year. This was mainly due to an increase in funds resulting from a net increase of ¥6.229 billion in borrowings and a net increase of ¥5.0 billion in commercial paper.」
Despite the policy of reducing interest-bearing debt, borrowings increased by ¥6.229 billion and commercial paper by ¥5.0 billion on a net basis during the interim consolidated fiscal period. - FY2025AdvancedAnnual report
「This was mainly due to decreases in cash from a net reduction of ¥8.461 billion in borrowings, dividend payments of ¥2.302 billion, and the acquisition of treasury shares for ¥3.686 billion.」
Borrowings decreased by ¥8.461 billion on a net basis during the full fiscal year, advancing the reduction of interest-bearing debt. - FY2025-H1AdvancedAnnual report
「Total liabilities were ¥159.386 billion, a decrease of ¥10.704 billion from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥6.934 billion in electronic notes and accounts payable and ¥2.920 billion in borrowings, while accrued expenses including bonuses increased by ¥1.313 billion.」
Borrowings decreased by ¥2.920 billion from the end of the previous fiscal year, and financing activities also recorded a net reduction of ¥2.695 billion in borrowings, indicating progress in reducing interest-bearing debt. - FY2024-Q2AdvancedAnnual report
「Cash used in financing activities was ¥6.180 billion, compared with ¥5.521 billion provided in the same period of the previous year. This was mainly due to an increase in cash from a net increase of ¥5.0 billion in commercial paper, more than offset by decreases in cash from a net reduction of ¥7.899 billion in borrowings and dividend payments of ¥2.605 billion.」
During the cumulative period, borrowings decreased by ¥7.899 billion on a net basis, while commercial paper increased by ¥5.0 billion on a net basis, reflecting the use of combined funding sources. - FY2024-Q1Increase in borrowings confirmedAnnual report
「Total liabilities were ¥202.29 billion, an increase of ¥1.486 billion from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥7.857 billion in borrowings and ¥1.714 billion in deferred tax liabilities, while notes and accounts payable decreased by ¥1.393 billion, electronic notes and accounts payable by ¥2.028 billion, and accrued expenses including bonuses by ¥2.796 billion.」
Despite the policy of reducing interest-bearing debt, borrowings at the end of the first quarter increased by ¥7.857 billion from the end of the previous fiscal year. - FY2023Borrowing and commercial paper procurement continued to increaseAnnual report
「Cash provided by financing activities during the consolidated fiscal year increased by ¥1.011 billion from the previous consolidated fiscal year to ¥3.125 billion. This was mainly due to increases in cash from a net increase of ¥3.134 billion in borrowings and a net increase of ¥5.0 billion in commercial paper, partly offset by a decrease in cash from dividend payments of ¥2.995 billion and other items.」
Despite diversifying its sources of funding, borrowings increased by ¥3.134 billion and commercial paper by ¥5.0 billion on a net basis during the fiscal year, bringing interest-bearing debt to ¥114.157 billion. - FY2023-Q3Increase in borrowings and commercial paper balancesAnnual report
「This was mainly due to decreases of ¥3.750 billion in notes and accounts payable, ¥2.702 billion in electronic notes and accounts payable, ¥2.588 billion in current income taxes payable, and ¥2.633 billion in accrued expenses included in other current liabilities, while commercial paper increased by ¥5.0 billion and borrowings by ¥6.412 billion.」
Despite the policy of reducing interest-bearing debt, commercial paper increased by ¥5.0 billion and borrowings by ¥6.412 billion at the end of the third quarter. - FY2023-Q2Net increases in borrowings and commercial paper confirmedAnnual report
「Cash provided by financing activities was ¥5.521 billion, compared with ¥3.421 billion used in the same period of the previous year. This was mainly due to increases in cash from a net increase of ¥4.948 billion in borrowings and a net increase of ¥5.0 billion in commercial paper, partly offset by a ¥2.986 billion decrease in cash due to dividend payments.」
Despite the policy of reducing interest-bearing debt, borrowings increased by ¥4.948 billion and commercial paper by ¥5.0 billion on a net basis during the first six months of the fiscal year. - FY2023-Q1Borrowings continued to increase in the first quarterAnnual report
「Total liabilities were ¥204.37 billion, an increase of ¥3.279 billion from the end of the previous consolidated fiscal year. This was mainly due to a ¥9.482 billion increase in borrowings, while notes and accounts payable decreased by ¥2.335 billion, electronic notes and accounts payable by ¥1.160 billion, accrued expenses including bonuses by ¥3.250 billion, and current income taxes payable by ¥2.265 billion.」
Despite the policy of reducing interest-bearing debt, borrowings at the end of the first quarter increased by ¥9.482 billion from the end of the previous fiscal year. - FY2022Increase in borrowings at fiscal year-end confirmedAnnual report
「Total liabilities were ¥201.09 billion, an increase of ¥19.99 billion from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥7.233 billion in notes and accounts payable, ¥9.352 billion in borrowings, and ¥1.301 billion in lease liabilities.」
Despite the policy of reducing interest-bearing debt, borrowings at the end of the fiscal year increased by ¥9.352 billion from the end of the previous fiscal year, bringing interest-bearing debt to ¥102.6 billion. - FY2022-Q3Borrowings increased at the end of the third quarterAnnual report
「Total liabilities amounted to ¥192,126 million, an increase of ¥11,026 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥4,226 million in notes and accounts payable, ¥7,756 million in borrowings, and ¥1,295 million in lease obligations.」
Despite its stated policy of reducing interest-bearing debt, borrowings at the end of the third quarter increased by ¥7,756 million from the end of the previous fiscal year. - FY2022-Q2Increase in borrowings at the end of the second quarter confirmedAnnual report
「Total liabilities amounted to ¥183,830 million, an increase of ¥2,730 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,532 million in notes and accounts payable, ¥1,505 million in borrowings, and ¥1,158 million in lease obligations.」
Despite its stated policy of reducing interest-bearing debt, borrowings at the end of the second quarter increased by ¥1,505 million from the end of the previous consolidated fiscal year. Financing activities also reported a net increase of ¥529 million in borrowings. - FY2022-Q1Increase in borrowings at the end of the first quarter confirmedAnnual report
「This was mainly due to a ¥4,436 million increase in borrowings, partly offset by decreases of ¥2,645 million in accrued expenses, including bonuses, and ¥1,781 million in income taxes payable and other liabilities.」
Despite its stated policy of reducing interest-bearing debt, borrowings at the end of the first quarter increased by ¥4,436 million from the end of the previous consolidated fiscal year. - FY2021AdvancedAnnual report
「Funds used in financing activities during the current consolidated fiscal year amounted to ¥18,608 million, compared with ¥13,858 million in funds provided in the previous fiscal year. This was mainly because funds decreased through a net reduction of ¥18,540 million in borrowings, dividend payments of ¥1,241 million, and ¥3,296 million in treasury stock purchases, while funds increased through a net increase of ¥5,000 million in commercial paper and other items.」
While reducing borrowings by ¥18,540 million on a net basis and advancing the reduction of interest-bearing debt, the company raised ¥5,000 million through commercial paper. - FY2021-Q3AdvancedAnnual report
「Total liabilities amounted to ¥172,397 million, an increase of ¥3,597 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥11,832 million in notes and accounts payable, ¥5,000 million in commercial paper, ¥1,207 million in income taxes payable and other liabilities, and ¥1,945 million in accrued expenses included in other current liabilities, partly offset by a ¥17,829 million decrease in borrowings. The company also issued ¥5,000 million of commercial paper during the first quarter of the current consolidated fiscal year to diversify its funding sources and control interest expense.」
While reducing borrowings by ¥17,829 million from the end of the previous consolidated fiscal year, the company issued ¥5,000 million of commercial paper to diversify its funding sources and control interest expense. - FY2021-Q2AdvancedAnnual report
「Funds used in financing activities amounted to ¥16,500 million, compared with ¥21,493 million in funds provided in the same period of the previous year. This was mainly because funds decreased through a net reduction of ¥16,709 million in borrowings and ¥3,293 million in treasury stock purchases, while funds increased by ¥5,000 million through the issuance of commercial paper.」
While reducing borrowings by ¥16,709 million on a net basis, the company issued ¥5,000 million of commercial paper as a funding source. - FY2021-Q1Decrease in borrowings reported alongside commercial paper issuanceAnnual report
「Borrowings decreased by ¥12,174 million. The company also issued ¥5,000 million of commercial paper during the first quarter of the current consolidated fiscal year to diversify its funding sources and control interest expense.」
While borrowings decreased by ¥12,174 million from the end of the previous consolidated fiscal year, the company issued ¥5,000 million of commercial paper to diversify its funding sources and control interest expense. - FY2020-Q3Increase in borrowings and liquidity measures confirmed at the end of the third quarterAnnual report
「Total liabilities amounted to ¥170,147 million, a decrease of ¥5,806 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥20,956 million in notes and accounts payable, ¥7,171 million in other payables, and ¥1,293 million in income taxes payable and other liabilities, partly offset by a ¥22,425 million increase in borrowings. As the COVID-19 pandemic spread worldwide, the company obtained new borrowings and increased its cash and deposits during the second quarter of the current consolidated fiscal year to enhance on-hand liquidity. It also entered into an additional ¥10,000 million commitment line agreement to prepare for liquidity risk arising from unforeseen circumstances. Including the existing agreements, the total commitment lines amounted to ¥30,000 million.」
Borrowings increased by ¥22,425 million from the end of the previous consolidated fiscal year, with new borrowings obtained and an additional ¥10,000 million commitment line agreement entered into to secure on-hand liquidity. Total commitment lines amounted to ¥30,000 million. - FY2020-Q2Expanded borrowings and credit lines to secure liquidityAnnual report
「During the second quarter of the current consolidated fiscal year, as the COVID-19 pandemic spread worldwide, the company obtained new borrowings and increased its cash and deposits to enhance on-hand liquidity. It also entered into an additional ¥10,000 million commitment line agreement to prepare for liquidity risk arising from unforeseen circumstances. Including the existing agreements, the total commitment lines amounted to ¥30,000 million.」
In addition to its previous policy of reducing interest-bearing debt, the company drew down new borrowings to increase on-hand liquidity amid the COVID-19 pandemic and entered into an additional ¥10,000 million commitment line agreement. - FY2020-Q1Borrowings continued to increase in the first quarterAnnual report
「Total liabilities amounted to ¥176,409 million, an increase of ¥455 million from the end of the previous consolidated fiscal year. This was mainly due to an ¥8,350 million increase in borrowings, partly offset by decreases of ¥4,426 million in notes and accounts payable, ¥1,093 million in income taxes payable and other liabilities, and ¥2,771 million in other accrued expenses.」
Despite its stated policy of reducing interest-bearing debt, borrowings at the end of the first quarter increased by ¥8,350 million from the end of the previous fiscal year. - FY2019Full-year increase in borrowings confirmedAnnual report
「Total liabilities amounted to ¥175,953 million, an increase of ¥1,479 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥1,982 million in notes and accounts payable and ¥2,801 million in borrowings, partly offset by decreases of ¥835 million in accrued expenses and ¥540 million in income taxes payable and other liabilities.」
Despite its stated policy of reducing interest-bearing debt, borrowings at fiscal year-end increased by ¥2,801 million from the end of the previous fiscal year, and interest-bearing debt amounted to ¥87,252 million. - FY2019-Q3Borrowings increased at the end of the third quarterAnnual report
「Total liabilities amounted to ¥171,399 million, a decrease of ¥3,074 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥2,798 million in other payables and ¥986 million in income taxes payable and other liabilities, partly offset by a ¥2,489 million increase in borrowings.」
Despite its stated policy of reducing interest-bearing debt, borrowings at the end of the third quarter increased by ¥2,489 million from the end of the previous fiscal year. - FY2019-Q2Borrowings increased, with a net increase confirmed in the second quarterAnnual report
「Total liabilities amounted to ¥173,287 million, a decrease of ¥1,186 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥949 million in notes and accounts payable, ¥713 million in accrued expenses, and ¥764 million in deferred tax liabilities, partly offset by a ¥3,682 million increase in borrowings.」
Despite its stated policy of reducing interest-bearing debt, borrowings at the end of the second quarter increased by ¥3,682 million from the end of the previous fiscal year. - FY2019-Q1Borrowings increased by ¥7,990 million in the first quarterAnnual report
「Total liabilities amounted to ¥176,793 million, an increase of ¥2,319 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥7,990 million increase in borrowings, partly offset by decreases of ¥2,910 million in accrued expenses and ¥345 million in deferred tax liabilities.」
Despite its stated policy of reducing interest-bearing debt, borrowings at the end of the first quarter increased by ¥7,990 million from the end of the previous consolidated fiscal year. - FY2018Full-year net increase in borrowings reported alongside policy to reduce interest-bearing debtAnnual report
「This was mainly because funds increased through a net increase of ¥421 million in borrowings, while funds decreased through dividend payments of ¥2,485 million.」
Despite its stated policy of reducing interest-bearing debt, borrowings increased on a net basis through full-year financing activities, and interest-bearing debt at fiscal year-end amounted to ¥84,543 million. - FY2018-Q3Borrowings were still higher at the end of the third quarterAnnual report
「Total liabilities amounted to ¥175,605 million, a decrease of ¥4,149 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥3,264 million in other payables and ¥2,155 million in income taxes payable and other liabilities, partly offset by a ¥3,671 million increase in borrowings.」
Despite its stated policy of reducing interest-bearing debt, borrowings at the end of the third quarter increased by ¥3,671 million from the end of the previous consolidated fiscal year. - FY2018-Q2Borrowings increased, with a net increase confirmed in the second quarterAnnual report
「Funds provided by financing activities amounted to ¥2,461 million, compared with ¥4,402 million in funds used in the same period of the previous year. This was mainly because funds increased by a net increase of ¥5,170 million in borrowings, while dividend payments of ¥2,485 million reduced funds.」
Despite its stated policy of reducing interest-bearing debt, borrowings increased on a net basis during the six months ended the second quarter, resulting in funds provided by financing activities. - FY2018-Q1Borrowings increased in the first quarterAnnual report
「Total liabilities amounted to ¥178,599 million, a decrease of ¥1,155 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥2,392 million in accrued expenses, ¥2,680 million in other payables, and ¥2,130 million in income taxes payable and other liabilities, partly offset by a ¥5,119 million increase in borrowings.」
Despite its stated policy of reducing interest-bearing debt, borrowings at the end of the first quarter increased by ¥5,119 million from the end of the previous consolidated fiscal year. - FY2017Full-year net reduction in borrowings reportedAnnual report
「Funds used in financing activities amounted to ¥3,874 million, compared with ¥7,137 million in funds provided in the previous consolidated fiscal year. This was mainly because funds decreased by a net reduction of ¥123 million in borrowings and dividend payments of ¥2,485 million.」
Although the full-year financing activities report a net reduction of ¥123 million in borrowings, the balance of long-term borrowings and other debt increased from the end of the previous year, indicating that the reduction was not consistent across debt categories. - FY2017-Q3Borrowings increased from the end of the previous fiscal yearAnnual report
「Total liabilities amounted to ¥172,957 million, an increase of ¥7,934 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥6,580 million in notes and accounts payable, ¥2,000 million in borrowings, and ¥1,074 million in income taxes payable and other liabilities.」
Despite its stated policy of reducing interest-bearing debt, borrowings at the end of the third quarter increased by ¥2,000 million from the end of the previous consolidated fiscal year. - FY2017-Q2AdvancedAnnual report
「Funds used in financing activities amounted to ¥4,402 million, compared with ¥7,508 million in funds provided in the same period of the previous year. This was mainly because funds decreased by a net reduction of ¥1,299 million in borrowings and dividend payments of ¥2,485 million.」
The company recorded a net reduction of ¥1,299 million in borrowings, indicating measurable progress in its efforts to reduce interest-bearing debt. - FY2016First statedAnnual report
「To mitigate the adverse effects of exchange-rate and interest-rate fluctuations, the Group is advancing risk-hedging measures, including forward exchange contracts and production and procurement in optimal locations, while working to strengthen its financial position, primarily by reducing interest-bearing debt.」
The company identifies forward exchange contracts, production and procurement in optimal locations, and reductions in interest-bearing debt as means of mitigating risk and strengthening its financial position.