Interest Rate Fluctuations and Reliance on Interest-Bearing Debt
First written in FY2016. 6 of 11 entries say "Mitigated", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
83 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Interest-bearing debt accounted for 28.8% at the end of the current consolidated fiscal year.」
The interest-bearing debt ratio declined from 37.6% in the previous period to 28.8%. Long-term borrowings also decreased, reducing exposure to interest rate fluctuation risk. - FY2026-H1MitigatedAnnual report
「Liabilities at the end of the current interim consolidated accounting period decreased by ¥2.014 billion from the end of the previous consolidated fiscal year to ¥41.785 billion. Non-current liabilities decreased by ¥734 million to ¥5.774 billion, mainly due to a decrease in long-term borrowings and other factors.」
Total liabilities decreased by ¥2.014 billion and non-current liabilities by ¥734 million, reducing exposure to interest-bearing debt, primarily through a decrease in long-term borrowings. - FY2025MitigatedAnnual report
「Interest-bearing debt accounted for 37.6% at the end of the current consolidated fiscal year.」
The interest-bearing debt ratio remained at 37.6%, unchanged from the previous period, while the balances of short- and long-term borrowings decreased. Interest rate fluctuation risk remains, but debt exposure has declined. - FY2025-H1MitigatedAnnual report
「Current liabilities decreased by ¥5.426 billion from the end of the previous consolidated fiscal year to ¥36.086 billion, mainly due to a decrease in short-term borrowings and other factors. Non-current liabilities decreased by ¥723 million to ¥6.091 billion, mainly due to a decrease in long-term borrowings and other factors.」
Current liabilities decreased by ¥5.426 billion and non-current liabilities by ¥723 million due to decreases in short- and long-term borrowings. Exposure to interest-bearing debt decreased during the interim period. - FY2024MitigatedAnnual report
「Interest-bearing debt accounted for 37.6% at the end of the current consolidated fiscal year.」
The interest-bearing debt ratio declined from the previous period, and long-term borrowings also decreased from ¥5.476 billion to ¥4.887 billion. Interest rate fluctuation risk remains, but debt exposure has decreased. - FY2024-Q2Short- and long-term borrowings increaseAnnual report
「Liabilities at the end of the second quarter of the current consolidated fiscal year increased by ¥1.473 billion from the end of the previous consolidated fiscal year to ¥49.206 billion. Current liabilities increased by ¥1.167 billion to ¥41.312 billion, mainly due to an increase in short-term borrowings and other factors. Non-current liabilities increased by ¥305 million to ¥7.894 billion, mainly due to an increase in long-term borrowings and other factors.」
Short-term borrowings increased by ¥1.227 billion from the end of the previous fiscal year to ¥19.876 billion, while long-term borrowings increased by ¥181 million to ¥5.657 billion, expanding exposure to interest-bearing debt. - FY2024-Q1Continued increase in short-term borrowingsAnnual report
「Liabilities at the end of the first quarter of the current consolidated fiscal year increased by ¥831 million from the end of the previous consolidated fiscal year to ¥48.565 billion. Current liabilities increased by ¥1.474 billion to ¥41.619 billion. This was mainly due to borrowings, including short-term borrowings.」
Short-term borrowings increased from ¥18.580 billion at the end of the previous fiscal year to ¥20.525 billion, and current liabilities, including short-term borrowings, also increased. - FY2023-Q3Increase in short-term borrowingsAnnual report
「Current liabilities increased by ¥7.283 billion from the end of the previous consolidated fiscal year to ¥39.613 billion. This was mainly due to an increase in short-term borrowings and other factors.」
Current liabilities increased by ¥7.283 billion year on year, mainly because of an increase in short-term borrowings, indicating a new change in balances related to interest rate fluctuations and exposure to interest-bearing debt. - FY2022WorsenedAnnual report
「Interest-bearing debt accounted for 39.2% at the end of the current consolidated fiscal year. Accordingly, sharp changes in interest rates or other factors could affect the Group's operating results and financial position.」
The interest-bearing debt ratio rose from 34.4% in the previous fiscal year to 39.2%, increasing exposure to interest rate fluctuation risk. - FY2021MitigatedAnnual report
「Interest-bearing debt accounted for 34.4% at the end of the current consolidated fiscal year. Accordingly, sharp changes in interest rates or other factors could affect the Group's operating results and financial position.」
The interest-bearing debt ratio declined from 39.4% to 34.4%, while the interest rate fluctuation risk itself remains. - FY2016First statedAnnual report
「Interest-bearing debt accounted for 39.4% at the end of the current consolidated fiscal year, compared with 33.3% at the end of the previous consolidated fiscal year. Accordingly, sharp changes in interest rates or other factors could affect the Group's operating results and financial position.」
The company reports an interest-bearing debt ratio of 39.4% and identifies interest rate fluctuations as a risk.