Interest-Bearing Debt and Financing Risk
First written in FY2022-Q1. 11 of 18 entries say "Worsened", first in FY2022. Latest entry: 2026-11-02.
The whole theme swung hardest in 2020: 64 of 142 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Borrowings increased by ¥7,108 million, mainly due to additional borrowings to fund investment in businesses and facilities in the United States.」
Borrowings increased from ¥10,222 million at the end of the previous fiscal year to ¥17,330 million, increasing exposure to interest-bearing debt associated with the U.S. business and capital expenditures. - FY2026-H1WorsenedAnnual report
「Total liabilities at the end of the interim consolidated accounting period increased by ¥6,469 million from the end of the previous consolidated fiscal year to ¥26,724 million. Borrowings increased by ¥5,662 million, mainly due to additional borrowings to fund investment in businesses and facilities in the United States.」
Borrowings increased by ¥5,662 million to fund the U.S. business and capital expenditures, resulting in renewed growth in exposure to interest-bearing debt and financing. - FY2025-H1WorsenedAnnual report
「Net cash provided by financing activities was ¥4,065 million, compared with ¥1,276 million used in the same period of the previous year. This was mainly due to a net increase of ¥4,361 million in short-term borrowings.」
Short-term borrowings increased by ¥4,361 million on a net basis in connection with the acquisition of DDCN and other matters, while total liabilities increased by ¥8,489 million from the end of the previous consolidated fiscal year. Exposure to interest-bearing debt and financing expanded again. - FY2024MitigatedAnnual report
「Total liabilities at the end of the consolidated fiscal year decreased by ¥955 million from the end of the previous consolidated fiscal year to ¥14,883 million. This was mainly due to decreases of ¥1,010 million in short-term borrowings, ¥442 million in long-term borrowings and ¥225 million in provisions, partly offset by a ¥258 million increase in trade and other payables.」
Total borrowings decreased from ¥8,359 million at the end of the previous fiscal year to ¥6,908 million, reducing exposure to interest-bearing debt. - FY2024-Q3MitigatedAnnual report
「This was mainly due to a ¥802 million decrease in short-term borrowings, a ¥56 million increase in long-term borrowings, a ¥351 million increase in trade and other payables, and a ¥356 million decrease in provisions.」
Short-term borrowings decreased by ¥802 million, while long-term borrowings increased by ¥56 million. Total borrowings decreased from ¥8,359 million at the end of the previous fiscal year to ¥7,613 million. - FY2024-Q2MitigatedAnnual report
「This was mainly due to a ¥809 million decrease in short-term borrowings, a ¥578 million increase in long-term borrowings, a ¥129 million increase in trade and other payables, and a ¥191 million increase in provisions.」
Short-term borrowings decreased by ¥809 million, while long-term borrowings increased by ¥578 million. Total borrowings decreased by ¥232 million, from ¥8,359 million at the end of the previous fiscal year to ¥8,127 million. - FY2024-Q1MitigatedAnnual report
「This was mainly due to decreases of ¥550 million in short-term borrowings, ¥157 million in long-term borrowings, ¥306 million in income taxes payable following tax payments and ¥369 million in provisions.」
At the end of the first quarter, short-term borrowings decreased by ¥550 million and long-term borrowings by ¥157 million, while total liabilities decreased by ¥1,122 million from the end of the previous consolidated fiscal year. - FY2023WorsenedAnnual report
「This was mainly due to an increase of ¥2,269 million in long-term and short-term borrowings.」
Total liabilities at 31 March 2023 were ¥11,496 million, and long-term and short-term borrowings increased by ¥2,269 million from the end of the previous consolidated fiscal year. Exposure to interest-bearing debt continued to expand. - FY2023-Q3WorsenedAnnual report
「This was mainly due to an increase of ¥1,279 million in borrowings.」
Borrowings increased by ¥1,279 million from the end of the previous consolidated fiscal year, making them the main driver of the increase in liabilities at the end of the third quarter and increasing exposure to interest-bearing debt. - FY2023-Q2RestatedAnnual report
「This was mainly due to increases of ¥61 million in borrowings and ¥88 million in the provision for bonuses, among other factors.」
Liabilities at the end of the second quarter increased by ¥313 million from the end of the previous consolidated fiscal year, and borrowings also increased by ¥61 million. Exposure to interest-bearing debt and financing continues to be disclosed. - FY2023-Q1WorsenedAnnual report
「Although borrowings increased by ¥483 million, this was due to a ¥260 million decrease in income taxes payable following tax payments and a ¥339 million decrease in the provision for bonuses.」
Borrowings at the end of the first quarter increased by ¥483 million from the end of the previous consolidated fiscal year, increasing exposure to interest-bearing debt. - FY2022WorsenedAnnual report
「This was mainly due to an increase of ¥2,278 million in long-term and short-term borrowings.」
Long-term and short-term borrowings increased by ¥2,278 million from the end of the previous consolidated fiscal year, mainly in connection with the opening of new sites and other matters, increasing exposure to interest-bearing debt. - FY2022-Q2RestatedAnnual report
「There were no significant changes during the second quarter of the current consolidated cumulative period.」
The risk related to interest-bearing debt and financing continues. Borrowings increased by ¥668 million from the end of the previous consolidated fiscal year. - FY2022-Q1First statedAnnual report
「The Group primarily finances working capital and capital expenditures for opening new sites through borrowings from financial institutions. Accordingly, changes in prevailing interest rates or an inability to obtain financing as planned could affect the Group’s business performance.」
Interest-rate and financing risks arising from reliance on borrowings for working capital and funds to open new sites were newly disclosed.