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Kawasaki Heavy Industries (7012) · FactLower interest-bearing debtLatest Financial results briefing materials (2026-08-07): "Worsened"

Changes in Financial Position Due to Increases in Work in Process and Interest-Bearing Debt

First written in FY2019-Q3. 1 of 24 entries say "Mitigated", first in 2026-05-12. Latest entry: 2026-08-07.

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ProgressHeldSoftenedWorseOtherFY2019-Q3 – FY2026-H12019: 420192020: 320202021: 320212022: 420222023: 320232024: 320242025: 120252026: 32026
Same theme, other companies
Expansion of Total Assets and Liabilities Accompanying Increases in Work in Process, Trade Receivables and Advances ReceivedA theme 4 companies write about · 0 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Worsened".

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  1. 2026-08-07WorsenedFinancial results briefing materials

    「Working capital increased substantially, partly due to increases in foreign-currency-denominated trade receivables and inventories associated with the weaker yen」

    Interest-bearing debt at the end of the first quarter of fiscal 2026 was ¥671.3 billion, up ¥65.1 billion from the previous fiscal year-end. The net D/E ratio rose from 54.5% to 66.1%, and the CCC was 166 days.
  2. FY2026Lower interest-bearing debtAnnual report

    「Interest-bearing debt decreased by ¥86.3 billion from the end of the previous fiscal year to ¥606.1 billion.」

    Interest-bearing debt decreased from ¥692.4 billion at the end of the previous fiscal year to ¥606.1 billion. The net debt-to-equity ratio also declined from 78.4% to 54.5%.
  3. 2026-05-12MitigatedRevision of earnings forecasts

    「Interest-bearing debt decreased by ¥86.3 billion from the end of the previous fiscal year to ¥606.1 billion.」

    Interest-bearing debt, which had increased at the end of the previous fiscal year, declined at the end of the fiscal year ended March 2026.
  4. FY2026-H1Increase in Interest-Bearing DebtAnnual report

    「Interest-bearing debt increased by ¥17.8 billion from the end of the previous fiscal year to ¥710.3 billion.」

    At 30 September 2025, interest-bearing debt increased by ¥17.8 billion from the end of the previous fiscal year to ¥710.3 billion.
  5. FY2025-H1Continued increase in interest-bearing debtAnnual report

    「Interest-bearing debt increased by ¥186.1 billion from the end of the previous fiscal year to ¥840.0 billion.」

    At 30 September 2024, interest-bearing debt increased by ¥186.1 billion from the end of the previous fiscal year to ¥840.0 billion.
  6. FY2024Full-year increase in interest-bearing debtAnnual report

    「Interest-bearing debt increased by ¥64.0 billion from the end of the previous fiscal year to ¥653.9 billion.」

    At 31 March 2024, interest-bearing debt increased by ¥64.0 billion from the end of the previous fiscal year to ¥653.9 billion. Meanwhile, management policy identifies strengthening cash flow generation and reducing interest-bearing debt as future priorities.
  7. FY2024-Q3Continued increase in interest-bearing debtAnnual report

    「Interest-bearing debt increased by ¥241.1 billion from the end of the previous fiscal year to ¥831.0 billion.」

    At the end of the third quarter, interest-bearing debt increased by ¥241.1 billion from the end of the previous fiscal year to ¥831.0 billion.
  8. FY2024-Q2Continued increase in interest-bearing debtAnnual report

    「Interest-bearing debt increased by ¥116.2 billion from the end of the previous fiscal year to ¥706.0 billion.」

    At the end of the second quarter, interest-bearing debt increased by ¥116.2 billion from the end of the previous fiscal year to ¥706.0 billion.
  9. FY2024-Q1Increase in Interest-Bearing DebtAnnual report

    「Interest-bearing debt increased by ¥76.1 billion from the end of the previous fiscal year to ¥666.0 billion.」

    At the end of the first quarter, interest-bearing debt increased by ¥76.1 billion from the end of the previous fiscal year to ¥666.0 billion.
  10. FY2023-Q3Continued increase in interest-bearing debtAnnual report

    「Interest-bearing debt increased by ¥167.8 billion from the end of the previous fiscal year to ¥721.7 billion.」

    At the end of the third quarter, interest-bearing debt increased by ¥167.8 billion from the end of the previous fiscal year to ¥721.7 billion.
  11. FY2023-Q2Continued increase in interest-bearing debtAnnual report

    「Interest-bearing debt increased by ¥113.1 billion from the end of the previous fiscal year to ¥667.0 billion.」

    Interest-bearing debt increased from ¥553.9 billion at the end of the previous fiscal year to ¥667.0 billion.
  12. FY2023-Q1Increase in Interest-Bearing DebtAnnual report

    「Interest-bearing debt increased by ¥87.5 billion from the end of the previous fiscal year to ¥641.5 billion.」

    Interest-bearing debt increased from ¥554.0 billion at the end of March 2022 to ¥641.5 billion. The Company explained that financing through financial activities was primarily due to a net increase in short-term borrowings.
  13. FY2022Lower interest-bearing debtAnnual report

    「Interest-bearing debt decreased by ¥91.8 billion from the end of the previous fiscal year to ¥501.4 billion.」

    Interest-bearing debt, which had increased during the quarterly periods, decreased for the full year from ¥593.2 billion at the end of the previous fiscal year to ¥501.4 billion.
  14. FY2022-Q3Continued increase in interest-bearing debtAnnual report

    「Interest-bearing debt increased by ¥137.5 billion from the end of the previous fiscal year to ¥730.8 billion.」

    At the end of the third quarter, interest-bearing debt increased by ¥137.5 billion from the end of the previous fiscal year to ¥730.8 billion.
  15. FY2022-Q2Continued increase in interest-bearing debtAnnual report

    「Interest-bearing debt increased by ¥58.6 billion from the end of the previous fiscal year to ¥651.9 billion.」

    At the end of the second quarter, interest-bearing debt increased by ¥58.6 billion from the end of the previous fiscal year to ¥651.9 billion.
  16. FY2022-Q1Increase in Interest-Bearing DebtAnnual report

    「Interest-bearing debt increased by ¥51.6 billion from the end of the previous fiscal year to ¥644.9 billion.」

    At the end of the first quarter, interest-bearing debt increased by ¥51.6 billion from the end of the previous fiscal year to ¥644.9 billion.
  17. FY2021-Q3Continued increase in interest-bearing debtAnnual report

    「Interest-bearing debt increased by ¥193.1 billion from the end of the previous fiscal year to ¥760.6 billion.」

    At the end of the third quarter, interest-bearing debt increased by ¥193.1 billion from the end of the previous fiscal year to ¥760.6 billion.
  18. FY2021-Q2Continued increase in interest-bearing debtAnnual report

    「Interest-bearing debt increased by ¥161.9 billion from the end of the previous fiscal year to ¥729.4 billion.」

    At the end of the second quarter, interest-bearing debt increased by ¥161.9 billion from the end of the previous fiscal year to ¥729.4 billion.
  19. FY2021-Q1Increase in cash and cash equivalents and interest-bearing debtAnnual report

    「Current assets increased by ¥60.0 billion from the end of the previous fiscal year to ¥1,318.8 billion, mainly due to an increase in cash and cash equivalents. Non-current assets decreased by ¥4.6 billion to ¥694.3 billion, mainly due to the sale of dormitories and company housing by the Company and its subsidiaries. As a result, total assets increased by ¥55.4 billion to ¥2,013.2 billion. Interest-bearing debt increased by ¥165.2 billion to ¥732.7 billion, mainly due to an increase in bonds.」

    At the end of the first quarter, total assets increased by ¥55.4 billion from the end of the previous fiscal year due to an increase in cash and cash equivalents, while interest-bearing debt increased by ¥165.2 billion due to an increase in bonds and other factors.
  20. FY2020-Q3Increase in interest-bearing debt and total assetsAnnual report

    「Current assets increased by ¥215.3 billion from the end of the previous fiscal year to ¥1,351.6 billion, mainly due to increases in notes and accounts receivable. Non-current assets decreased by ¥0.6 billion to ¥701.8 billion, mainly due to a decrease in long-term accounts receivable. As a result, total assets increased by ¥214.6 billion to ¥2,053.5 billion. Interest-bearing debt increased by ¥348.2 billion to ¥787.6 billion.」

    At the end of the third quarter, total assets increased by ¥214.6 billion from the end of the previous fiscal year due to increases in trade receivables and other items, while interest-bearing debt also increased by ¥348.2 billion to ¥787.6 billion.
  21. FY2020-Q2Increase in trade receivables and interest-bearing debtAnnual report

    「Current assets increased by ¥110.1 billion from the end of the previous fiscal year to ¥1,246.4 billion, mainly due to increases in notes and accounts receivable. Non-current assets increased by ¥0.8 billion to ¥703.3 billion, mainly due to an increase in property, plant and equipment associated with capital investment. As a result, total assets increased by ¥110.9 billion to ¥1,949.7 billion.」

    At the end of the second quarter, total assets increased by ¥110.9 billion from the end of the previous fiscal year. Interest-bearing debt increased by ¥256.2 billion to ¥695.6 billion, while net assets decreased by ¥19.0 billion due to dividend payments and a decrease in foreign currency translation adjustments, among other factors.
  22. FY2020-Q1Increase in interest-bearing debt and decrease in net assetsAnnual report

    「Current assets increased by ¥68.5 billion from the end of the previous fiscal year to ¥1,204.9 billion, mainly due to an increase in trade receivables. As a result, total assets increased by ¥72.6 billion to ¥1,911.5 billion.」

    At the end of the first quarter, total assets increased by ¥72.6 billion due to increases in trade receivables and other items. Interest-bearing debt increased by ¥155.9 billion from the end of the previous fiscal year to ¥595.4 billion, while net assets decreased by ¥17.5 billion.
  23. FY2019Increase in inventories and decrease in interest-bearing debtAnnual report

    「Current assets increased by ¥20.5 billion from the end of the previous fiscal year to ¥1,136.3 billion, mainly due to an increase in inventories. As a result, total assets increased by ¥53.8 billion to ¥1,838.8 billion. Total liabilities increased by ¥42.9 billion to ¥1,346.5 billion, due to increases in liabilities related to retirement benefits and provisions for operational issues involving civil aircraft engines, among other factors. Interest-bearing debt decreased by ¥7.2 billion to ¥439.4 billion.」

    For the full year, current assets, including inventories, total assets and total liabilities increased, while interest-bearing debt decreased by ¥7.2 billion.
  24. FY2019-Q3First statedAnnual report

    「Current assets increased by ¥219.5 billion from the end of the previous fiscal year to ¥1,335.3 billion, mainly due to an increase in work in process. As a result, total assets increased by ¥216.3 billion to ¥2,001.3 billion. Total liabilities increased by ¥216.4 billion to ¥1,520.0 billion, mainly due to an increase in interest-bearing debt. Interest-bearing debt increased by ¥265.3 billion to ¥711.9 billion.」

    The report describes increases at the end of the third quarter in current assets, including work in process, total assets, total liabilities and interest-bearing debt.
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Changes in Financial Position Due to Increases in Work in Process and Interest-Bearing Debt | Kawasaki Heavy Industries,Ltd. (7012) | Komori