Reduction of Interest-Bearing Debt and Lowering of the Debt Ratio
First written in FY2016. 17 of 29 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2026.
13 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As a result, total liabilities amounted to ¥4,105 million, a decrease of ¥1,179 million from the end of the previous consolidated fiscal year.」
Total liabilities decreased by ¥1,179 million from the end of the previous fiscal year, reducing interest-bearing debt and improving the financial position in terms of outstanding balances. - FY2026-H1MitigatedAnnual report
「Non-current liabilities amounted to ¥498 million, a decrease of ¥247 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥150 million decrease in long-term borrowings and a ¥100 million decrease in bonds with stock acquisition rights.」
Non-current liabilities decreased by ¥247 million due to decreases in long-term borrowings and bonds with stock acquisition rights, while total liabilities also decreased by ¥341 million. - FY2025MitigatedAnnual report
「As a result, total liabilities amounted to ¥5,284 million, a decrease of ¥598 million from the end of the previous consolidated fiscal year.」
Total liabilities decreased by ¥598 million from the end of the previous consolidated fiscal year, reducing interest-bearing debt and improving the financial position in terms of outstanding balances. The disclosure also stated that financial covenants had been breached and refinancing had not been completed. - FY2025-H1MitigatedAnnual report
「As a result, total liabilities amounted to ¥5,344 million, a decrease of ¥538 million from the end of the previous consolidated fiscal year.」
Total liabilities decreased by ¥538 million from the end of the previous consolidated fiscal year. Long-term borrowings decreased by ¥150 million and bonds with stock acquisition rights by ¥100 million. - FY2024-Q3Change in the composition of liabilities after refinancingAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal year totaled ¥4,772 million, a decrease of ¥802 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,050 million decrease in long-term borrowings due within one year. Non-current liabilities totaled ¥1,038 million, an increase of ¥942 million, mainly due to increases of ¥850 million in long-term borrowings and ¥100 million in bonds with stock acquisition rights.」
After refinancing, current liabilities decreased by ¥802 million, while non-current liabilities increased by ¥942 million, reflecting ¥850 million in long-term borrowings and ¥100 million in bonds with stock acquisition rights. Total liabilities increased by ¥139 million. - FY2024-Q2WorsenedAnnual report
「Current liabilities at the end of the second quarter of the current consolidated fiscal year totaled ¥5,655 million, an increase of ¥271 million from the end of the previous consolidated fiscal year. Non-current liabilities totaled ¥88 million, a decrease of ¥7 million.」
Current liabilities increased by ¥271 million, and total liabilities also increased by ¥264 million. Short-term borrowings increased by ¥500 million, while long-term borrowings due within one year decreased by ¥200 million. - FY2024-Q1WorsenedAnnual report
「Current liabilities at the end of the first quarter of the current consolidated fiscal year totaled ¥5,628 million, an increase of ¥243 million from the end of the previous consolidated fiscal year. Non-current liabilities totaled ¥88 million, a decrease of ¥6 million.」
Current liabilities increased by ¥243 million, and total liabilities also increased by ¥236 million from the end of the previous fiscal year to ¥5,717 million. Among interest-bearing debt, short-term borrowings increased by ¥500 million, while long-term borrowings due within one year decreased by ¥200 million. - FY2023-Q3MitigatedAnnual report
「Non-current liabilities totaled ¥104 million, a decrease of ¥1,194 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,200 million decrease in long-term borrowings.」
Non-current liabilities decreased by ¥1,194 million and long-term borrowings by ¥1,200 million, indicating progress toward reducing interest-bearing debt and improving the financial position. - FY2023-Q2MitigatedAnnual report
「Non-current liabilities totaled ¥1,106 million, a decrease of ¥192 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥200 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥200 million, non-current liabilities by ¥192 million and total liabilities by ¥249 million, indicating progress toward reducing interest-bearing debt and improving the financial position. However, the equity ratio declined to 9.3%. - FY2023-Q1MitigatedAnnual report
「Non-current liabilities totaled ¥1,107 million, a decrease of ¥190 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥200 million decrease in long-term borrowings. As a result, total liabilities amounted to ¥5,604 million, a decrease of ¥282 million from the end of the previous consolidated fiscal year.」
Long-term borrowings decreased by ¥200 million and total liabilities by ¥282 million, indicating progress toward reducing interest-bearing debt and improving the financial position. - FY2022MitigatedAnnual report
「Non-current liabilities totaled ¥1,298 million, a decrease of ¥393 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥400 million decrease in long-term borrowings.」
Non-current liabilities decreased by ¥393 million and long-term borrowings by ¥400 million, indicating progress toward reducing interest-bearing debt and improving the financial position. Meanwhile, the equity ratio declined to 11.6%. - FY2022-Q3MitigatedAnnual report
「Non-current liabilities totaled ¥1,296 million, a decrease of ¥395 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥400 million decrease in long-term borrowings.」
Non-current liabilities decreased by ¥395 million and long-term borrowings by ¥400 million, indicating progress toward reducing interest-bearing debt and improving the financial position. - FY2022-Q2MitigatedAnnual report
「Current liabilities at the end of the second quarter of the current consolidated fiscal year totaled ¥4,560 million, a decrease of ¥85 million from the end of the previous consolidated fiscal year. Non-current liabilities totaled ¥1,495 million, a decrease of ¥196 million, mainly due to a ¥200 million decrease in long-term borrowings.」
Current liabilities, non-current liabilities and long-term borrowings each decreased from the end of the previous consolidated fiscal year, indicating progress toward reducing interest-bearing debt and improving the financial position. - FY2022-Q1MitigatedAnnual report
「Current liabilities at the end of the first quarter of the current consolidated fiscal year totaled ¥4,603 million, a decrease of ¥41 million from the end of the previous consolidated fiscal year. Non-current liabilities totaled ¥1,495 million, a decrease of ¥196 million, mainly due to a ¥200 million decrease in long-term borrowings.」
Current liabilities decreased by ¥41 million, non-current liabilities by ¥196 million and long-term borrowings by ¥200 million, indicating progress toward reducing interest-bearing debt and improving the financial position. - FY2021MitigatedAnnual report
「Total liabilities of the Group amounted to ¥6,337 million, a decrease of ¥436 million from the end of the previous consolidated fiscal year. These borrowings were refinanced by 大黒屋 with a banking syndicate in October of the previous year and are presented as current or non-current according to their maturities.」
After refinancing, total liabilities decreased by ¥436 million from the end of the previous fiscal year, and borrowings comprised ¥3,500 million in short-term borrowings, ¥400 million in long-term borrowings due within one year and ¥1,600 million in long-term borrowings. - FY2021-Q3Change in the composition of borrowings after refinancingAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal year totaled ¥4,654 million, a decrease of ¥2,034 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,500 million decrease in long-term borrowings due within one year, despite a ¥500 million increase in short-term borrowings. Non-current liabilities totaled ¥1,690 million, an increase of ¥1,604 million, mainly due to a ¥1,600 million increase in long-term borrowings. As stated in the 20 October 2020 release, "Notice Regarding Borrowings and Repayment of Borrowings by Daikokuya Co., Ltd., a Consolidated Subsidiary of the Company," 大黒屋 received financing totaling ¥5,500 million from Tokyo Star Bank and Resona Bank through refinancing.」
Refinancing reduced long-term borrowings due within one year and current liabilities, while increasing long-term borrowings and non-current liabilities, shifting the composition of borrowings toward longer maturities. - FY2021-Q2MitigatedAnnual report
「Current liabilities at the end of the second quarter of the current consolidated fiscal year totaled ¥6,452 million, a decrease of ¥235 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥150 million decrease in long-term borrowings due within one year. As disclosed in the 20 October 2020 release, "Notice Regarding Borrowings and Repayment of Borrowings by Daikokuya Co., Ltd., a Consolidated Subsidiary of the Company," 大黒屋 received refinancing totaling ¥5,500 million from Tokyo Star Bank and Resona Bank.」
Current liabilities decreased by ¥235 million and long-term borrowings due within one year decreased by ¥150 million. In addition, refinancing totaling ¥5.5 billion was executed. - FY2021-Q1MitigatedAnnual report
「Current liabilities at the end of the first quarter of the current consolidated fiscal year totaled ¥6,485 million, a decrease of ¥202 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥150 million decrease in long-term borrowings due within one year.」
Current liabilities decreased by ¥202 million and long-term borrowings due within one year decreased by ¥150 million, indicating some progress toward reducing interest-bearing debt. However, refinancing adjustments are ongoing. - FY2020-Q3Reclassification of long-term borrowings as current and increase in short-term borrowingsAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal year totaled ¥7,515 million, an increase of ¥3,640 million from the end of the previous consolidated fiscal year. This was due to long-term borrowings becoming due within one year, as well as increases in short-term borrowings and provisions for business restructuring losses. Non-current liabilities totaled ¥88 million, a decrease of ¥4,271 million from the end of the previous consolidated fiscal year.」
Long-term borrowings became due within one year and short-term borrowings also increased, while non-current liabilities declined substantially, shifting the composition of borrowings toward shorter maturities. - FY2020-Q2Increase in short-term borrowings and decrease in long-term borrowingsAnnual report
「Current liabilities at the end of the second quarter of the current consolidated fiscal year totaled ¥4,720 million, an increase of ¥845 million from the end of the previous consolidated fiscal year, due to increases in short-term borrowings and provisions for business restructuring losses. Non-current liabilities totaled ¥3,560 million, a decrease of ¥799 million, mainly due to a ¥795 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥600 million, while long-term borrowings decreased by ¥795 million, changing the composition of borrowings. - FY2020-Q1Increase in short-term borrowings and long-term borrowings due within one year, and decrease in long-term borrowingsAnnual report
「Current liabilities at the end of the first quarter of the current consolidated fiscal year totaled ¥4,673 million, an increase of ¥799 million from the end of the previous consolidated fiscal year, due to increases in short-term borrowings and long-term borrowings due within one year. Non-current liabilities totaled ¥3,610 million, a decrease of ¥749 million, mainly due to a ¥750 million decrease in long-term borrowings.」
Short-term borrowings and long-term borrowings due within one year increased, while long-term borrowings decreased by ¥750 million, changing the composition of borrowings. Total liabilities increased by ¥49 million. - FY2019Decrease in total borrowings and increase in long-term borrowingsAnnual report
「Total liabilities totaled ¥8,235 million, a decrease of ¥1,622 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥1,399 million in long-term borrowings due within one year and ¥900 million in short-term borrowings, partially offset by a ¥465 million increase in long-term borrowings.」
Total liabilities, short-term borrowings and long-term borrowings due within one year decreased, while long-term borrowings increased by ¥465 million, changing the composition of borrowings. - FY2019-Q3Change in Borrowing MixAnnual report
「This was mainly due to a ¥1,399 million decrease in long-term borrowings due within one year and a ¥499 million decrease in short-term borrowings, while long-term borrowings increased by ¥510 million.」
Long-term borrowings due within one year and short-term borrowings decreased, while long-term borrowings increased by ¥510 million, changing the composition of interest-bearing debt. - FY2019-Q2Decrease in Short-Term Borrowings and Increase in Long-Term BorrowingsAnnual report
「Current liabilities at the end of the second quarter of the current consolidated fiscal year totaled ¥5,592 million, a decrease of ¥354 million from the end of the previous consolidated fiscal year. Non-current liabilities totaled ¥4,557 million, an increase of ¥647 million. This was mainly due to a ¥499 million decrease in short-term borrowings and a ¥660 million increase in long-term borrowings.」
Short-term borrowings decreased by ¥499 million, while long-term borrowings increased by ¥660 million, changing the composition of borrowings in relation to the priority of reducing debt. - FY2019-Q1MitigatedAnnual report
「Non-current liabilities totaled ¥3,746 million, a decrease of ¥163 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥150 million decrease in long-term borrowings.」
In contrast to the previously reported increase in interest-bearing debt, long-term borrowings and non-current liabilities decreased from the end of the previous consolidated fiscal year. - FY2018-Q3Increase in Interest-Bearing DebtAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal year totaled ¥5,222 million, an increase of ¥1,072 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,419 million increase in short-term borrowings and a ¥173 million decrease in long-term borrowings due within one year.」
The company reported that short-term borrowings increased by ¥1,419 million and total debt increased, despite the priority of reducing interest-bearing debt and leverage. - FY2016First statedAnnual report
「Our principal ongoing priority is to improve our financial position by reducing interest-bearing debt and lowering leverage.」
The company identified reducing interest-bearing debt and leverage and improving its financial position as priorities.