Interest-Bearing Debt and Interest Rate Fluctuations
First written in FY2017. 13 of 24 entries say "Worsened", first in FY2019-Q3. Latest entry: 2026-08-06.
Eagle Industry moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
40 other companies' latest entry also says "Worsened".
- 2026-08-06WorsenedRevision of earnings forecasts
「This was mainly because borrowings increased by ¥2.026 billion.」
Borrowings at the end of the first quarter increased by ¥2.026 billion from the end of the previous fiscal year, temporarily increasing exposure to interest-bearing debt after it had declined through the previous fiscal year. - FY2026MitigatedAnnual report
「The balance of interest-bearing debt, including borrowings and lease liabilities, was ¥4,395 million at the end of the consolidated fiscal year.」
The balance of interest-bearing debt decreased from ¥4,477 million at the previous year-end to ¥4,395 million, reducing exposure to borrowings and interest-rate fluctuations. - FY2026-H1MitigatedAnnual report
「Liabilities were ¥7,992 million, a decrease of ¥104 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥170 million in borrowings and ¥166 million in income taxes payable, despite increases of ¥86 million in accounts payable and ¥80 million in provision for bonuses.」
Borrowings decreased by ¥170 million, and total liabilities also declined from the previous year-end, reducing exposure to interest-bearing debt and interest-rate fluctuations. - FY2025MitigatedAnnual report
「The balance of interest-bearing debt, including borrowings and lease liabilities, was ¥4,477 million at the end of the consolidated fiscal year.」
The balance of interest-bearing debt decreased from ¥4,492 million at the previous year-end to ¥4,477 million, slightly reducing exposure to borrowings and interest-rate fluctuations. - FY2025-H1MitigatedAnnual report
「Liabilities were ¥7,939 million, a decrease of ¥485 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥282 million in long-term borrowings and ¥144 million in short-term borrowings.」
Both long-term and short-term borrowings decreased, and total liabilities also declined from the previous year-end, reducing exposure to interest-bearing debt and interest-rate fluctuations. - FY2024WorsenedAnnual report
「The balance of interest-bearing debt, including borrowings and lease liabilities, was ¥4,492 million at the end of the consolidated fiscal year.」
The balance of interest-bearing debt was ¥4,492 million, an increase from the previous year-end level. New borrowings to fund capital investment and share repurchases were also described. - FY2024-Q3WorsenedAnnual report
「Liabilities were ¥8,759 million, an increase of ¥729 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥587 million in short-term borrowings and ¥134 million in long-term borrowings.」
Short-term borrowings increased by ¥587 million and long-term borrowings by ¥134 million from the previous year-end, further expanding exposure to liabilities and interest-rate fluctuations. - FY2024-Q2WorsenedAnnual report
「Liabilities were ¥8,610 million, an increase of ¥580 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥383 million in long-term borrowings and ¥98 million in provision for bonuses.」
Long-term borrowings increased by ¥383 million, and total liabilities also increased by ¥580 million, causing exposure to interest-bearing debt and interest-rate fluctuations to expand again. - FY2024-Q1WorsenedAnnual report
「Liabilities were ¥8,212 million, an increase of ¥181 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥225 million in short-term borrowings and ¥268 million in other current liabilities, despite decreases of ¥217 million in long-term borrowings and ¥66 million in provision for bonuses.」
While long-term borrowings decreased, short-term borrowings increased by ¥225 million, and total liabilities also increased from the previous year-end, causing exposure to interest-bearing debt and interest-rate fluctuations to expand again. - FY2023-Q3WorsenedAnnual report
「Liabilities were ¥7,737 million, a decrease of ¥49 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥78 million in provisions included in current liabilities, ¥59 million in other current liabilities, and ¥31 million in liabilities related to retirement benefits, despite a ¥131 million increase in long- and short-term borrowings.」
Although total liabilities decreased, long- and short-term borrowings increased by a combined ¥131 million, causing exposure to interest-bearing debt and interest-rate fluctuations to expand again. - FY2023-Q2WorsenedAnnual report
「Liabilities were ¥7,982 million, an increase of ¥196 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥101 million in long-term borrowings and ¥82 million in provision for bonuses.」
Liabilities increased from the previous year-end, and long-term borrowings also increased by ¥101 million, causing exposure to interest-bearing debt and interest-rate fluctuations to expand again. - FY2023-Q1WorsenedAnnual report
「Liabilities were ¥7,914 million, an increase of ¥128 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥245 million in short-term borrowings and ¥122 million in other current liabilities, despite a ¥228 million decrease in long-term borrowings.」
While long-term borrowings decreased, short-term borrowings increased by ¥245 million, and total liabilities also increased by ¥128 million from the previous year-end, causing exposure to interest-bearing debt and interest-rate fluctuations to expand again. - FY2022MitigatedAnnual report
「The balance of interest-bearing debt, including borrowings and lease liabilities, was ¥3,635 million at the end of the consolidated fiscal year.」
The balance of interest-bearing debt decreased from ¥4,218 million at the previous year-end to ¥3,635 million, and repayments of long-term borrowings progressed, reducing exposure to liabilities and interest-rate fluctuations. - FY2022-Q3MitigatedAnnual report
「Liabilities were ¥7,627 million, a decrease of ¥785 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥759 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥759 million, and total liabilities also declined from the previous year-end, further reducing exposure to interest-bearing debt and interest-rate fluctuations. - FY2022-Q2MitigatedAnnual report
「Liabilities were ¥7,613 million, a decrease of ¥793 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥535 million in long-term borrowings, ¥151 million in short-term borrowings, and ¥132 million in accounts payable.」
Both long-term and short-term borrowings decreased, and total liabilities also declined from the previous year-end, further reducing exposure to interest-bearing debt and interest-rate fluctuations. - FY2022-Q1MitigatedAnnual report
「Liabilities amounted to ¥8,008.6 million, a decrease of ¥398.1 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥270.2 million in long-term borrowings and ¥88.5 million in short-term borrowings.」
Both long-term and short-term borrowings decreased, and total liabilities also declined from the end of the previous fiscal year, weakening exposure to interest-bearing debt and interest rate fluctuations. - FY2021-Q3SoftenedAnnual report
「Liabilities amounted to ¥8,507.9 million, an increase of ¥29.8 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥426.4 million increase in short-term borrowings, while long-term borrowings, accounts payable, provision for bonuses and electronically recorded obligations decreased by ¥216.2 million, ¥56.3 million, ¥53.8 million and ¥45.8 million, respectively.」
Short-term borrowings increased by ¥426.4 million from the end of the previous consolidated fiscal year, but the increase was smaller than the ¥640.7 million increase in the previous quarter, weakening the incremental exposure to interest-bearing debt. - FY2021-Q2WorsenedAnnual report
「Liabilities amounted to ¥8,904.1 million, an increase of ¥426.0 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥640.7 million increase in short-term borrowings, while accounts payable and electronically recorded obligations decreased by ¥138.5 million and ¥121.9 million, respectively.」
Short-term borrowings increased by ¥640.7 million from the end of the previous consolidated fiscal year, and total liabilities also increased by ¥426.0 million, increasing exposure to interest-bearing debt and interest rate fluctuations. - FY2021-Q1WorsenedAnnual report
「Liabilities amounted to ¥8,724.5 million, an increase of ¥246.5 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥911.1 million increase in short-term borrowings, while long-term borrowings, accounts payable and provision for bonuses decreased by ¥259.1 million, ¥269.7 million and ¥91.7 million, respectively.」
Short-term borrowings increased by ¥911.1 million, and total liabilities also increased from the end of the previous fiscal year, again increasing exposure to interest-bearing debt and interest rate fluctuations. - FY2020MitigatedAnnual report
「At the end of the consolidated fiscal year under review, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,218.5 million.」
The balance of interest-bearing debt decreased from ¥4,269.7 million at the end of the previous fiscal year to ¥4,218.5 million, slightly reducing exposure to borrowing and interest rate fluctuation risk. - FY2020-Q3WorsenedAnnual report
「This was mainly due to a ¥1,455 million decrease in income taxes payable, while short-term borrowings and other provisions increased by ¥3,115 million and ¥1,031 million, respectively.」
Short-term borrowings increased by ¥3,115 million from the end of the previous consolidated fiscal year, and exposure to interest-bearing debt and interest rate fluctuations continues to increase. - FY2019WorsenedAnnual report
「At the end of the consolidated fiscal year under review, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,269.7 million.」
The balance of interest-bearing debt increased from ¥3,896.7 million at the end of the previous consolidated fiscal year to ¥4,269.7 million, increasing exposure to borrowing and interest rate fluctuation risk. - FY2019-Q3WorsenedAnnual report
「This was mainly due to a ¥4,331 million increase in short-term borrowings, while accounts payable, income taxes payable and provision for bonuses decreased by ¥2,174 million, ¥795 million and ¥634 million, respectively.」
Regarding interest-bearing debt and interest rate risk, short-term borrowings increased by ¥4,331 million from the end of the previous consolidated fiscal year, confirming an increase in outstanding borrowings. - FY2017First statedAnnual report
「Our Group is working to reduce and compress interest-bearing debt, but it still accounts for a high proportion of total assets. Although interest rates have remained relatively low, future interest rate conditions could affect our Group's business performance.」
The high proportion of interest-bearing debt in total assets and the potential impact of future interest rate conditions on business performance are cited as new risks.