Interest-bearing debt reduction project
First written in FY2018. 10 of 25 entries say "Worsened", first in FY2021. Latest entry: 2026-11-13.
Nihon Plast moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
12 other companies' latest entry also says "Mitigated".
- FY2026WorsenedAnnual report
「Schedule of borrowings and other debt Short-term borrowings 16,448 17,025 Long-term borrowings (excluding amounts due within one year) 5,299 5,469 Total 24,751 25,829」
Total short-term and long-term borrowings increased from ¥24,751 million at the previous period-end to ¥25,829 million. Despite the stated aim of reducing interest-bearing debt, the balance of borrowings increased. - FY2026-H1WorsenedAnnual report
「This was mainly because cash-increasing factors, including a ¥2,023 million increase in short-term borrowings and ¥1,474 million in proceeds from long-term borrowings, exceeded cash-reducing factors, including ¥1,394 million in repayments of long-term borrowings.」
While repayments of long-term borrowings continued, total borrowings moved higher due to an increase in short-term borrowings and additional long-term borrowing. The reduction in interest-bearing debt has not been uniform. - FY2025WorsenedAnnual report
「Schedule of borrowings and other debt Short-term borrowings 14,766 16,448 Long-term borrowings (excluding amounts due within one year) 6,075 5,299 Total 23,869 24,751」
While long-term borrowings decreased, short-term borrowings increased, and the balance of interest-bearing debt and other borrowings rose from ¥23,869 million to ¥24,751 million. - FY2025-H1WorsenedAnnual report
「Total liabilities at the end of the current interim consolidated accounting period were ¥52,016 million, an increase of ¥1,140 million from the previous consolidated fiscal year. The main factors were a ¥4,246 million increase in short-term borrowings, a ¥1,284 million decrease in notes and accounts payable, and a ¥1,082 million decrease in long-term borrowings.」
In relation to the interest-bearing debt reduction project, long-term borrowings decreased by ¥1,082 million, but short-term borrowings increased by ¥4,246 million, resulting in a ¥1,140 million increase in total liabilities. The reduction trend remains uneven. - FY2024MitigatedAnnual report
「Funds used in financing activities amounted to ¥8,399 million, compared with ¥1,664 million used in the same period of the previous year. This was mainly because cash-reducing factors, including a ¥6,636 million decrease in short-term borrowings and ¥3,188 million in repayments of long-term borrowings, exceeded cash-increasing factors, including ¥1,900 million in proceeds from long-term borrowings.」
The balance of interest-bearing debt and other borrowings decreased from ¥30,772 million at the previous period-end to ¥23,869 million due to a decrease in short-term borrowings and repayments of long-term borrowings. - FY2024-Q3MitigatedAnnual report
「The main factors were a ¥4,128 million decrease in short-term borrowings and a ¥1,815 million increase in notes and accounts payable.」
In connection with the interest-bearing debt reduction project, short-term borrowings decreased by ¥4,128 million, and long-term borrowings also decreased. The increase in borrowings seen since FY2022 has moderated. - FY2024-Q2MitigatedAnnual report
「This was mainly due to a ¥3,555 million decrease in short-term borrowings and ¥1,697 million in repayments of long-term borrowings, among other factors.」
Both short-term and long-term borrowings decreased or were repaid, moderating the increase trend seen since the launch of the interest-bearing debt reduction project in the current quarter. - FY2024-Q1MitigatedAnnual report
「Total liabilities at the end of the first quarter of the current consolidated fiscal period were ¥52,749 million, a decrease of ¥2,481 million from the previous consolidated fiscal year-end. The main factor was a ¥2,097 million decrease in short-term borrowings.」
Total liabilities decreased by ¥2,481 million, mainly due to a decrease in short-term borrowings, and the increase in interest-bearing debt seen since FY2022 moderated in the current quarter. - FY2023-Q3WorsenedAnnual report
「The main factors were a ¥2,024 million increase in notes and accounts payable, a ¥1,765 million increase in short-term borrowings and a ¥548 million increase in long-term borrowings.」
Both short-term and long-term borrowings have increased from the previous consolidated fiscal year-end, contrary to the reduction trend seen since the launch of the interest-bearing debt reduction project. - FY2023-Q2Short-term borrowings decreased, while long-term borrowings increasedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal period were ¥53,026 million, an increase of ¥867 million from the previous consolidated fiscal year-end. The main factors were a ¥1,116 million increase in long-term borrowings and a ¥685 million decrease in short-term borrowings.」
Short-term borrowings decreased by ¥685 million, while long-term borrowings increased by ¥1,116 million, resulting in an ¥867 million increase in total liabilities from the previous consolidated fiscal year-end. The reduction in interest-bearing debt has not been uniform. - FY2023-Q1WorsenedAnnual report
「Short-term borrowings 18,910 20,091 Long-term borrowings (excluding amounts due for repayment within 1 year) 7,095 6,759」
Short-term borrowings increased from ¥18,910 million to ¥20,091 million. Although long-term borrowings declined, total borrowings were trending upward, continuing a trend different from the reduction achieved since the launch of the interest-bearing debt reduction project. - FY2022WorsenedAnnual report
「Schedule of borrowings and other debt Short-term borrowings 12,311 18,910 Long-term borrowings (excluding amounts due for repayment within 1 year) 5,782 7,095 Total 20,959 29,345」
The balance of interest-bearing debt and other debt increased from ¥20,959 million at the end of the previous fiscal year to ¥29,345 million, reversing the declining trend since the launch of the reduction project. - FY2022-Q3WorsenedAnnual report
「The main factors were increases of ¥3,454 million in short-term borrowings and ¥604 million in long-term borrowings.」
Contrary to the trend of reducing interest-bearing debt, both short-term and long-term borrowings increased from the end of the previous consolidated fiscal year. - FY2022-Q2WorsenedAnnual report
「Short-term borrowings 12,311 15,266 Current portion of long-term borrowings 2,493 2,427 Long-term borrowings 5,782 4,721」
Short-term borrowings increased from ¥12,311 million to ¥15,266 million, while long-term borrowings declined from ¥5,782 million to ¥4,721 million. Total borrowings increased from the end of the previous consolidated fiscal year, continuing a trend different from the reduction of interest-bearing debt. - FY2022-Q1Short-term borrowings increased amid the reduction of interest-bearing debt.Annual report
「Total liabilities were ¥40,986 million, down ¥638 million from the end of the previous consolidated fiscal year. The main factors were a ¥1,517 million decrease in notes and accounts payable and a ¥708 million increase in short-term borrowings.」
Although total liabilities declined, short-term borrowings increased by ¥708 million from the end of the previous fiscal year, continuing a trend different from the reduction of interest-bearing debt. - FY2021WorsenedAnnual report
「Schedule of borrowings and other debt Short-term borrowings 10,593 12,311 Long-term borrowings (excluding amounts due for repayment within 1 year) 5,090 5,782 Total 19,264 20,959」
The balance of interest-bearing debt and other debt increased from ¥19,264 million at the end of the previous fiscal year to ¥20,959 million, with both short-term and long-term borrowings increasing. - FY2021-Q3Long-term borrowings decreased, while short-term borrowings increased.Annual report
「The main factors were a ¥1,954 million decrease in notes and accounts payable, a ¥358 million decrease in provision for bonuses, and a ¥1,924 million increase in short-term borrowings. / Short-term borrowings 10,593 12,517 / Long-term borrowings 5,090 6,320」
Against the trend of reducing interest-bearing debt through the previous fiscal year, short-term borrowings increased by ¥1,924 million from the end of the previous fiscal year. Meanwhile, long-term borrowings declined from ¥7,070 million at the end of the second quarter to ¥6,320 million, resulting in short-term borrowings increasing and long-term borrowings decreasing. - FY2021-Q2Borrowings continue to increaseAnnual report
「This was mainly because cash flow increases, including ¥3,799 million in proceeds from long-term borrowings, exceeded cash flow decreases, including ¥1,569 million in repayments of long-term borrowings.」
Contrary to the trend of reducing interest-bearing debt, proceeds from long-term borrowings exceeded repayments. Long-term borrowings increased from ¥5,090 million at the end of the previous fiscal year to ¥7,070 million, while short-term borrowings increased from ¥10,593 million to ¥11,679 million. - FY2021-Q1Borrowings increased despite the ongoing reduction in interest-bearing debt.Annual report
「The main factors were a ¥3,163 million increase in short-term borrowings and a ¥2,479 million decrease in notes and accounts payable.」
Total liabilities increased by ¥383 million from the end of the previous fiscal year, while short-term borrowings increased by ¥3,163 million. Long-term borrowings also increased from ¥5,090 million to ¥6,044 million, indicating a trend different from the interest-bearing debt reductions achieved through the previous fiscal year. - FY2020AdvancedAnnual report
「Cash outflows, including ¥4,826 million for repayments of long-term borrowings, exceeded cash inflows, including ¥3,026 million from new long-term borrowings.」
The balance of interest-bearing debt declined from ¥19,949 million at the end of the previous fiscal year to ¥19,264 million, and long-term debt reduction continued. - FY2019AdvancedAnnual report
「The main factors were decreases of ¥1,778 million in short-term borrowings and ¥653 million in current portion of long-term borrowings resulting from interest-bearing debt reduction activities, and a ¥462 million decrease in notes and accounts payable due to foreign exchange effects and other factors.」
Interest-bearing debt reduction activities reduced short-term borrowings by ¥1,778 million and the current portion of long-term borrowings by ¥653 million. On a consolidated basis, the balance of interest-bearing debt also declined from ¥22,274 million at the end of the previous fiscal year to ¥19,949 million. - FY2018First statedAnnual report
「The Group launched an interest-bearing debt reduction project to strengthen its financial base and, after implementing various measures to generate cash flow, reduced interest-bearing debt by ¥15,622 million compared with 3 years earlier. The balance of interest-bearing debt at the end of the current fiscal year was ¥22,114 million.」
The disclosure reports that the Company launched an interest-bearing debt reduction project, reduced debt by ¥15,622 million over 3 years, and had an ending balance of ¥22,114 million.