Reliance on Interest-Bearing Debt and Financing and Interest-Rate Risks
First written in FY2019. 16 of 23 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-10-15.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
- 2026-10-15OtherEarnings
「新規借入等により１年以内返済長期借入金が121,990千円(15.8％)増加した他、」
新規借入等により1年以内返済長期借入金が増加する一方、長期借入金は約定返済により減少しており、返済期限構成が変化している。 - FY2026-H1New borrowings and scheduled repayments occurring concurrentlyAnnual report
「Current liabilities increased by ¥179.172 million (12.2%) from the end of the previous consolidated fiscal year to ¥1,646.932 million. This was mainly due to a ¥67.556 million (8.8%) increase in current-portion long-term borrowings from new borrowings and other factors, as well as increases of ¥30.377 million (89.6%) in provision for bonuses, ¥22.588 million (29.0%) in accounts payable, and ¥11.848 million (2.8%) in accrued expenses. Fixed liabilities decreased by ¥63.403 million (1.8%) from the end of the previous consolidated fiscal year to ¥3,373.317 million. This was mainly due to a ¥62.783 million (1.8%) decrease in long-term borrowings from scheduled repayments of existing borrowings, despite new borrowings.」
Current-portion long-term borrowings increased through new borrowings, while long-term borrowings decreased through scheduled repayments. The maturity profile of borrowings is changing. - 2026-04-14MitigatedEarnings
「This was attributable to a ¥98,617 thousand, or 2.9%, decrease in long-term borrowings due to repayments and other factors.」
Long-term borrowings at the end of the quarter decreased from the end of the previous fiscal year due to repayments and other factors. - FY2025WorsenedAnnual report
「The Group finances working capital and capital expenditures for newly opened locations with borrowings from financial institutions and other sources. As of the end of November 2025, interest-bearing debt accounted for 69.0% of total assets. Accordingly, if current interest rates fluctuate or the Group is unable to obtain financing as planned, its financial condition and operating results could be affected, including through a slowdown in the pace of business growth.」
The ratio of interest-bearing debt to total assets rose from 67.3% in the previous year to 69.0%. Current-portion long-term borrowings increased by ¥201.647 million and long-term borrowings by ¥97.561 million, expanding borrowing exposure. - FY2025-H1WorsenedAnnual report
「Cash increased by ¥76.989 million as a result of financing activities (compared with an increase of ¥38.618 million in the same period of the previous year). This was mainly due to ¥400 million in proceeds from long-term borrowings, offset by ¥301.069 million in repayments of long-term borrowings and ¥20.591 million in dividend payments.」
The company arranged ¥400 million in long-term borrowings and repaid ¥310.069 million. Financing through long-term borrowings continued, and current-portion long-term borrowings also increased from the end of the previous fiscal year. - FY2024Coexistence of a lower debt ratio and higher borrowingsAnnual report
「The Group finances working capital and capital expenditures for newly opened locations with borrowings from financial institutions and other sources. As of the end of November 2024, interest-bearing debt accounted for 67.3% of total assets. Accordingly, if current interest rates fluctuate or the Group is unable to obtain financing as planned, its financial condition and operating results could be affected, including through a slowdown in the pace of business growth.」
Although the ratio of interest-bearing debt to total assets declined from 68.2% in the previous year to 67.3%, current-portion long-term borrowings increased by ¥123.202 million and long-term borrowings by ¥226.089 million, resulting in higher borrowings outstanding. - FY2024-Q2WorsenedAnnual report
「Fixed liabilities increased by ¥36.935 million (1.2%) from the end of the previous consolidated fiscal year to ¥3,153.601 million. This was mainly due to a ¥38.150 million (1.2%) increase in long-term borrowings following new borrowings.」
Long-term borrowings increased by ¥38.150 million through new borrowings, and interest-bearing debt exposure expanded again after declining as repayments progressed in the previous quarter. - FY2024-Q1MitigatedAnnual report
「Fixed liabilities decreased by ¥101.776 million (3.3%) from the end of the previous consolidated fiscal year to ¥3,014.889 million. This was mainly due to a ¥101.088 million (3.3%) decrease in long-term borrowings as repayments progressed.」
As repayments of borrowings progressed, long-term borrowings and fixed liabilities decreased from the end of the previous consolidated fiscal year. - FY2023-Q3WorsenedAnnual report
「Fixed liabilities increased by ¥162.814 million (5.3%) from the end of the previous consolidated fiscal year to ¥3,221.726 million. This was mainly due to a ¥148.418 million (4.9%) increase in long-term borrowings following new borrowings.」
While short-term borrowings decreased, long-term borrowings increased by ¥148.418 million, expanding fixed liabilities and interest-bearing debt exposure from the end of the previous consolidated fiscal year. - FY2023-Q2WorsenedAnnual report
「Current liabilities decreased by ¥61.065 million (5.8%) from the end of the previous consolidated fiscal year to ¥1,000.861 million. This was mainly due to a ¥50 million decrease in short-term borrowings following repayments. Fixed liabilities increased by ¥135.617 million (4.4%) from the end of the previous consolidated fiscal year to ¥3,194.529 million. This was mainly due to a ¥133.507 million (4.4%) increase in long-term borrowings following new borrowings.」
Short-term borrowings decreased by ¥50 million, while long-term borrowings increased by ¥133.507 million, resulting in an increase in interest-bearing debt from the end of the previous fiscal year, mainly through long-term borrowings. - FY2023-Q1WorsenedAnnual report
「Current liabilities decreased by ¥53.379 million (5.0%) from the end of the previous consolidated fiscal year to ¥1,008.548 million. This was mainly due to a ¥42 million (84.0%) decrease in short-term borrowings as repayments progressed. Fixed liabilities increased by ¥197.694 million (6.5%) from the end of the previous consolidated fiscal year to ¥3,256.607 million. This was mainly due to a ¥195.687 million (6.4%) increase in long-term borrowings to fund the planned opening of future business locations.」
Short-term borrowings decreased as a result of repayments, while long-term borrowings increased by ¥195.687 million to fund the future opening of business locations, expanding liability exposure. - FY2022WorsenedAnnual report
「The Group finances working capital and capital expenditures for newly opened locations with borrowings from financial institutions and other sources. As of the end of November 2022, interest-bearing debt accounted for 68.2% of total assets.」
The ratio of interest-bearing debt to total assets rose from 61.8% at the end of November 2021 to 68.2%, while long-term borrowings increased by ¥536.638 million. - FY2022-Q3WorsenedAnnual report
「Current liabilities increased by ¥161.755 million (18.5%) from the end of the previous consolidated fiscal year to ¥1,035.287 million. This was mainly due to funding activities that increased short-term borrowings by ¥50 million, current-portion long-term borrowings by ¥41.436 million (10.1%), short-term borrowings by ¥50 million, and long-term borrowings by ¥563.784 million (22.4%).」
Funding activities increased short-term borrowings by ¥50 million and long-term borrowings by ¥563.784 million, expanding interest-bearing debt exposure, mainly through long-term borrowings. - FY2022-Q2WorsenedAnnual report
「Cash provided by financing activities was ¥421.001 million (compared with ¥579.605 million provided in the same period of the previous year). This was mainly due to ¥50 million in proceeds from short-term borrowings and ¥580 million from long-term borrowings, offset by ¥205.404 million in repayments of long-term borrowings.」
The company arranged ¥50 million in short-term borrowings and ¥580 million in long-term borrowings. Even after deducting ¥205.404 million in repayments of long-term borrowings, borrowing exposure expanded. - FY2022-Q1WorsenedAnnual report
「Current liabilities decreased by ¥0.263 million (0.0%) from the end of the previous consolidated fiscal year to ¥873.268 million. This was mainly due to a ¥50 million increase in short-term borrowings to secure working capital, offset by a ¥30.441 million (58.0%) decrease in accounts payable as izakaya locations operated reduced hours from 21 January 2022 following the reissuance of priority preventive measures. Fixed liabilities increased by ¥98.679 million (3.9%) from the end of the previous consolidated fiscal year to ¥2,622.027 million. This was mainly due to a ¥99.308 million (4.0%) increase in long-term borrowings to secure working capital for new business locations.」
Short-term borrowings increased by ¥50 million and long-term borrowings by ¥99.308 million to secure working capital, expanding borrowing exposure. - FY2021WorsenedAnnual report
「Assets increased as cash and deposits rose by ¥197.069 million due to new borrowings for working capital, buildings rose by ¥272.422 million, buildings and structures rose by ¥78.165 million, and land rose by ¥246.080 million due to the establishment of new welfare and nursing-care facilities and the purchase of real estate. Liabilities increased as long-term borrowings rose by ¥917.015 million to secure working capital and other funds. As of the end of November 2021, the ratio of interest-bearing debt to total assets was 61.8%.」
Although the ratio of interest-bearing debt to total assets was reported at 61.8%, long-term borrowings increased by ¥917.015 million, expanding exposure arising from financing site expansion and working capital with borrowings. - FY2021-Q3WorsenedAnnual report
「Fixed liabilities increased by ¥840.511 million (52.2%) from the end of the previous consolidated fiscal year to ¥2,449.495 million. This was mainly due to a ¥838.911 million (52.5%) increase in long-term borrowings to secure working capital in preparation for the COVID-19 pandemic.」
Long-term borrowings increased by ¥838.911 million to secure working capital in preparation for the COVID-19 pandemic, further expanding borrowing exposure. - FY2021-Q2WorsenedAnnual report
「Fixed liabilities increased by ¥624.226 million (38.8%) from the end of the previous consolidated fiscal year to ¥2,233.211 million. This was mainly due to a ¥624.755 million (39.1%) increase in long-term borrowings to secure working capital in preparation for the COVID-19 pandemic. Borrowing amount: ¥470 million; borrowing date: June 2021; borrowing term: 5 years.」
Long-term borrowings increased by ¥624.755 million to secure working capital in preparation for the COVID-19 pandemic, and after the filing, the company arranged a ¥470 million, five-year borrowing facility. - FY2021-Q1WorsenedAnnual report
「Fixed liabilities increased by ¥338.467 million (21.0%) from the end of the previous consolidated fiscal year to ¥1,947.451 million. This was mainly due to a ¥340.822 million (21.3%) increase in long-term borrowings to secure working capital for a new business location. We arranged borrowings as described below to address the potential prolonged impact of COVID-19 and a continued decline in future sales. Use of funds: working capital; borrowing amount: ¥300 million; borrowing date: April 2021; borrowing term: 15 years.」
Long-term borrowings increased by ¥340.822 million for working capital at a new business location, and after the filing, the company arranged a ¥300 million, 15-year borrowing facility in preparation for a prolonged pandemic. Borrowing exposure is expanding. - FY2020-Q3WorsenedAnnual report
「Fixed liabilities increased by ¥903.080 million (111.9%) from the end of the previous consolidated fiscal year to ¥1,710.325 million. This was mainly due to a ¥908.945 million (115.8%) increase in long-term borrowings to secure working capital.」
Long-term borrowings increased by ¥908.945 million from the end of the previous consolidated fiscal year to secure working capital, further expanding borrowing exposure. - FY2020-Q2WorsenedAnnual report
「Fixed liabilities increased by ¥268.322 million (33.2%) from the end of the previous consolidated fiscal year to ¥1,075.567 million. This was mainly due to a ¥273.022 million (34.8%) increase in long-term borrowings to secure working capital.」
Long-term borrowings increased by ¥273.022 million to secure working capital, expanding borrowing exposure from the debt reduction resulting from repayments identified in the previous quarterly report. - FY2020-Q1MitigatedAnnual report
「Fixed liabilities decreased by ¥82.984 million (10.3%) from the end of the previous consolidated fiscal year to ¥724.259 million. This was mainly due to a ¥80.780 million (10.3%) decrease in long-term borrowings following the repayment of borrowings.」
Long-term borrowings decreased as borrowings were repaid, and a decline in interest-bearing debt exposure was noted. - FY2019First statedAnnual report
「As of the end of November 2019, interest-bearing debt accounted for 63.1% of total assets. Accordingly, if current interest rates fluctuate or we are unable to obtain financing as planned, the Group's financial condition and operating results may be affected, including through a slowdown in the pace of business growth.」
It shows a business model that finances the establishment of new locations through borrowings and quantifies the degree of dependence.