Increase in Financing Costs Due to Higher Borrowing Rates
First written in FY2022. 2 of 5 entries say "Worsened", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
- FY2025WorsenedAnnual report
「Interest expense 31,990 50,882」
Interest expense increased from ¥31.990 million in the previous fiscal year to ¥50.882 million, reflecting an increase in the interest burden associated with borrowings. - FY2025-H1Increase in interest expenseAnnual report
「Non-operating expenses Interest expense 9,271 24,560」
Interest expense increased from ¥9.271 million in the same period of the previous year to ¥24.560 million. Although this did not represent a change in the explanation of variable-rate risk itself, the increase in interest payments associated with higher borrowings was reflected in the results. - FY2024WorsenedAnnual report
「Long-term borrowings, including amounts due for repayment within 1 year, totaled ¥3,134.310 million at the end of the current consolidated fiscal year. Because these borrowings carry variable interest rates, they reflect market interest rates over a short period and are exposed to interest rate fluctuation risk.」
The balance of variable-rate borrowings increased from ¥332.504 million at the end of the previous consolidated fiscal year to ¥3,134.310 million, expanding the borrowing exposure underlying interest rate fluctuation risk. - FY2023RestatedAnnual report
「Our group has substantial borrowings from financial institutions. If current borrowing rates rise due to changes in interest rates, increasing interest expenses, or if interest expenses on future financing also increase, this could have a material impact on our group's operating results and financial position.」
The risk of rising interest rates on substantial borrowings continued to be disclosed. - FY2022First statedAnnual report
「Our group has substantial borrowings from financial institutions. If current borrowing rates rise due to changes in interest rates, increasing interest expenses, or if interest expenses on future financing also increase, this could have a material impact on our group's operating results and financial position.」
The risk of rising interest rates on substantial borrowings was newly disclosed as a key risk.