Substantial Interest-Bearing Debt and Rising Market Interest Rates
First written in FY2022. 1 of 13 entries say "Mitigated", first in FY2025. Latest entry: 2026-08-12.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
- FY2026-H1Additional interest-bearing debt from borrowings to fund M&AAnnual report
「To fund the acquisition of shares in Emu Co., Ltd. and Emu Lab Co., Ltd. under “Business Combination through Acquisition,” the company entered into a loan agreement on 27 April 2026 and borrowed funds as described below.」
In connection with the acquisition of Emu and other companies, the company drew down ¥800 million in borrowings by the filing date and arranged new financing secured by collateral and subject to financial covenants. - 2026-05-07WorsenedOccurring Fact
「Principal amount of debt ¥800 million」
We entered into a ¥800 million monetary loan agreement to finance the acquisition of shares in Emu and Emu Lab, disclosing a new borrowing maturing on 30 April 2036. - FY2025MitigatedAnnual report
「As of the end of the consolidated fiscal year, the Group reported interest-bearing debt of ¥5,884.003 million (Note 1), with an interest-bearing debt ratio of 118.1% (Note 2). The interest rate on ¥1,747.998 million of borrowings through bilateral transactions with Sumitomo Mitsui Banking Corporation and 6 other banks is reviewed every 3 months in line with market interest rates, and」
Interest-bearing debt decreased from ¥6,799 million and a ratio of 140.7% in the previous fiscal year to ¥5,884 million and 118.1%, respectively, and repayment of borrowings progressed. Meanwhile, the interest-rate risk linked to market interest rates continues. - FY2025-H1Continued repayment of borrowingsAnnual report
「Non-current liabilities totaled ¥5,518 million, a decrease of ¥498 million from the end of the previous consolidated fiscal year. This was primarily due to decreases of ¥236 million in long-term borrowings and ¥229 million in lease liabilities.」
Following the refinancing, repayment of long-term borrowings progressed, while non-current liabilities and lease liabilities also declined. - FY2024Decrease in interest-bearing debt and ratioAnnual report
「The Group has financed the acquisition of shares in former Decollte Co., Ltd. and other expenses through borrowings from financial institutions. As of the end of the consolidated fiscal year, the Group reported interest-bearing debt of ¥6,799.057 million (Note 1), with an interest-bearing debt ratio of 140.7% (Note 2). The interest rate on ¥2,019.642 million of borrowings through bilateral transactions with Sumitomo Mitsui Banking Corporation and 6 other banks is reviewed every 3 months in line with market interest rates, and」
Interest-bearing debt decreased from ¥7,525.144 million and a ratio of 158.0% in the previous fiscal year to ¥6,799.057 million and 140.7%, respectively, while the risk of interest rates on market-rate-linked borrowings continues to be disclosed. - FY2024-Q2Changes in the borrowing structure after refinancingAnnual report
「This was primarily because borrowings decreased by ¥1,970 million as a result of refinancing the syndicated loan entered into in December 2020. Non-current liabilities totaled ¥6,549 million, an increase of ¥1,777 million from the end of the previous consolidated fiscal year. This was primarily because borrowings increased by ¥1,788 million as a result of the refinancing.」
Following the refinancing, borrowings included in current liabilities decreased by ¥1,970 million, while borrowings included in non-current liabilities increased by ¥1,788 million, resulting in a change in the borrowing structure. - FY2023Refinancing completed and debt balance increasedAnnual report
「As of the end of the consolidated fiscal year, the Group reported interest-bearing debt of ¥7,525.144 million (Note 1), with an interest-bearing debt ratio of 158.0% (Note 2). The syndicated loan reached maturity at the end of November 2023, and on 30 November 2023 the Group borrowed ¥2,334 million through bilateral transactions with Sumitomo Mitsui Banking Corporation and 6 other banks.」
Interest-bearing debt increased from ¥6,929.622 million in the previous fiscal year to ¥7,525.144 million, while the Group refinanced borrowings due for repayment and disclosed measures to address the concentration of repayment maturities. - FY2023-Q3Continued transfer to short-term borrowings and repayments as the repayment date approachedAnnual report
「This was primarily because the syndicated loan entered into in December 2020 was due for repayment at the end of November 2023. As a result of the transfer to short-term borrowings and other factors, long-term borrowings decreased by ¥2,643 million, while lease liabilities increased by ¥1,105 million due mainly to the execution of lease agreements in connection with preparations for new stores.」
The transfer from long-term borrowings to short-term borrowings progressed in anticipation of the repayment date at the end of November 2023, and long-term borrowings decreased by ¥2,643 million. - FY2023-Q2Transfer due to approaching repayment date and partial early repaymentAnnual report
「This was primarily because the syndicated loan entered into in December 2020 was due for repayment at the end of November 2023. As a result of the transfer to short-term borrowings and other factors, long-term borrowings decreased by ¥2,638 million, while short-term borrowings increased by ¥2,288 million.」
The transfer from long-term borrowings to short-term borrowings progressed in anticipation of the repayment date at the end of November 2023, while ¥360 million of the syndicated loan was also repaid early in part. - FY2023-Q1Transfer to short-term borrowings as the repayment date approachesAnnual report
「This was primarily because the syndicated loan entered into in December 2020 was due for repayment at the end of November 2023, resulting in a ¥2,582 million increase in short-term borrowings due to the transfer from long-term borrowings.」
States that the syndicated loan was due for repayment at the end of November 2023 and that short-term borrowings increased by ¥2,582 million due to the transfer from long-term borrowings. - FY2022First statedAnnual report
「As of the end of the consolidated fiscal year, the Group reported interest-bearing debt of ¥6,929.622 million, with an interest-bearing debt ratio of 162.8%. The interest rate on ¥2,831.761 million of borrowings under the syndicated loan agreement is reviewed every 3 months in line with market interest rates, and any future increase in market interest rates could affect the Group's financial condition and operating results.」
Discloses interest-bearing debt of ¥6,929.622 million, an interest-bearing debt ratio of 162.8% and market-rate-linked borrowings of ¥2,831.761 million, along with the risk of rising interest rates.