Reliance on Interest-Bearing Debt and Interest Rate Fluctuations
First written in FY2016. 11 of 22 entries say "Worsened", first in FY2017. Latest entry: 2026-11-06.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
- 2026-11-06MitigatedResults
「これは主に買掛金が１億10百万円減少、長期借入金及び１年内返済予定の長期借入金が11億50百万円減少したことによるものです。」
長期借入金および1年内返済予定の長期借入金が前期末比で減少した。 - FY2026MitigatedAnnual report
「Interest-bearing debt as a percentage of total liabilities and net assets was 33.8% for the fiscal year ended March 2025 and 31.7% for the fiscal year ended March 2026.」
The interest-bearing debt ratio declined from 33.8% to 31.7%, while total interest-bearing debt decreased from ¥10,505 million to ¥9,198 million. - 2026-05-08MitigatedResults
「長期借入金及び１年内返済予定の長期借入金が６億90百万円減少、１年内償還予定の社債が１億円減少、未払金及び長期未払金が９億11百万円減少したことによるものです。」
長期借入金等の減少により、有利子負債・金利変動へのエクスポージャーは前期末から縮小した。 - FY2026-H1WorsenedAnnual report
「This was mainly due to a decrease of ¥199 million in accounts payable, an increase of ¥760 million in long-term borrowings and long-term borrowings due within one year, a decrease of ¥100 million in bonds due within one year, and a decrease of ¥441 million in accrued expenses and long-term accrued expenses.」
Long-term borrowings and long-term borrowings due within one year at the end of the interim period increased by ¥760 million from the end of the previous fiscal year, expanding exposure to interest-bearing debt and interest rate fluctuations. - FY2025MitigatedAnnual report
「Interest-bearing debt as a percentage of total liabilities and net assets was 37.0% for the fiscal year ended March 2024 and 33.8% for the fiscal year ended March 2025.」
The interest-bearing debt ratio declined from 37.0% to 33.8%, while total interest-bearing debt decreased from ¥11,164 million to ¥10,505 million. - FY2025-H1WorsenedAnnual report
「Total liabilities at the end of the interim period of the current consolidated fiscal year were ¥21,342 million, an increase of ¥1,259 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,510 million in long-term borrowings and long-term borrowings due within one year and a decrease of ¥290 million in bonds and bonds due within one year.」
Total liabilities increased by ¥1,259 million from the end of the previous fiscal year, including an increase of ¥1,510 million in long-term borrowings and related items. Exposure to interest-bearing debt and interest rate fluctuations expanded. - FY2024MitigatedAnnual report
「Interest-bearing debt as a percentage of total liabilities and net assets was 38.3% for the fiscal year ended March 2023 and 37.0% for the fiscal year ended March 2024. Borrowings and bonds at variable interest rates are exposed to interest rate fluctuation risk, and an increase in interest rates could increase interest expenses and affect the performance of the Group.」
The interest-bearing debt ratio declined from 38.3% to 37.0%. Meanwhile, total interest-bearing debt edged up from ¥11,087 million to ¥11,164 million, and the disclosure does not state that the risk was eliminated. - FY2024-Q2WorsenedAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥21,959 million, an increase of ¥1,717 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥376 million in accounts payable, an increase of ¥2,310 million in long-term borrowings and long-term borrowings due within one year, and a decrease of ¥290 million in bonds and bonds due within one year.」
Long-term borrowings and long-term borrowings due within one year increased by ¥2,310 million, and total liabilities increased by ¥1,717 million from the end of the previous fiscal year. Exposure to interest-bearing debt and interest rate fluctuations expanded. - FY2023WorsenedAnnual report
「Interest-bearing debt as a percentage of total liabilities and net assets was 37.2% for the fiscal year ended March 2022 and 38.3% for the fiscal year ended March 2023. Borrowings and bonds at variable interest rates are exposed to interest rate fluctuation risk, and an increase in interest rates could increase interest expenses and affect the performance of the Group.」
The interest-bearing debt ratio rose from 37.2% to 38.3%, indicating increased dependence on debt carrying interest rate fluctuation risk. - FY2023-Q3MitigatedAnnual report
「This was mainly due to an increase of ¥1,001 million in accounts payable, a decrease of ¥290 million in long-term borrowings and long-term borrowings due within one year, a decrease of ¥575 million in bonds and bonds due within one year, and an increase of ¥1,456 million in long-term accrued expenses and accrued expenses.」
Long-term borrowings and related items and bonds and related items declined from the end of the previous consolidated fiscal year, indicating progress in the repayment of interest-bearing debt. - FY2023-Q2MitigatedAnnual report
「This was mainly due to an increase of ¥337 million in accounts payable, a decrease of ¥290 million in long-term borrowings and long-term borrowings due within one year, a decrease of ¥575 million in bonds and bonds due within one year, an increase of ¥1,032 million in accrued expenses and long-term accrued expenses, and a decrease of ¥42 million in lease liabilities and lease liabilities due within one year.」
Long-term borrowings and related items decreased by ¥290 million and bonds and related items decreased by ¥575 million, indicating progress in the repayment of interest-bearing debt from the end of the previous fiscal year. - FY2022MitigatedAnnual report
「Interest-bearing debt as a percentage of total liabilities and net assets was 37.5% for the fiscal year ended March 2021 and 37.2% for the fiscal year ended March 2022. Borrowings and bonds at variable interest rates are exposed to interest rate fluctuation risk, and an increase in interest rates could increase interest expenses and affect the performance of the Group.」
The interest-bearing debt ratio declined from 37.5% to 37.2%. In addition, interest rate swaps were applied to borrowings of ¥2,900 million. - FY2022-Q2Shift in the debt mix from short-term to long-term borrowingsAnnual report
「Total liabilities at the end of the second quarter of the current consolidated fiscal year were ¥21,548 million, an increase of ¥508 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥507 million in accounts payable, a decrease of ¥4 billion in short-term borrowings, an increase of ¥5,910 million in long-term borrowings and long-term borrowings due within one year, and a decrease of ¥845 million in bonds and bonds due within one year.」
While short-term borrowings of ¥4 billion and bonds and related items declined, long-term borrowings and long-term borrowings due within one year increased by ¥5,910 million, changing the composition of interest-bearing debt. - FY2021WorsenedAnnual report
「Interest-bearing debt as a percentage of total liabilities and net assets was 26.3% for the fiscal year ended March 2020 and 37.5% for the fiscal year ended March 2021.」
The interest-bearing debt ratio rose from 26.3% to 37.5%, while total interest-bearing debt increased from ¥7,602 million to ¥12,004 million. - FY2021-Q3WorsenedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥22,524 million, an increase of ¥5,680 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥4 billion in short-term borrowings, an increase of ¥1 billion in long-term borrowings and long-term borrowings due within one year, an increase of ¥255 million in bonds and bonds due within one year, an increase of ¥794 million in accrued expenses and long-term accrued expenses, and a decrease of ¥377 million in income taxes payable.」
Total liabilities increased by ¥5,680 million from the end of the previous fiscal year, including increases of ¥4 billion in short-term borrowings and ¥1 billion in long-term borrowings and related items. Exposure to interest-bearing debt and interest rate fluctuations expanded. - FY2021-Q2WorsenedAnnual report
「Total liabilities for the six months ended the second quarter of the current consolidated fiscal year were ¥20,313 million, an increase of ¥3,469 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥2 billion in short-term borrowings, an increase of ¥1 billion in long-term borrowings and long-term borrowings due within one year, an increase of ¥373 million in accrued expenses, an increase of ¥255 million in bonds and bonds due within one year, and a decrease of ¥96 million in lease liabilities.」
Total liabilities increased by ¥3,469 million from the end of the previous fiscal year, including increases of ¥2 billion in short-term borrowings and ¥1 billion in long-term borrowings and related items. Exposure to interest-bearing debt and interest rate fluctuations expanded. - FY2021-Q1WorsenedAnnual report
「This was mainly due to an increase of ¥450 million in cash and deposits, a decrease of ¥111 million in accounts receivable, and a decrease of ¥97 million in leasehold and guarantee deposits.」
In the financial position for the current quarter, short-term borrowings of ¥2 billion were newly recorded, increasing exposure to borrowings and interest rate fluctuations. - FY2020WorsenedAnnual report
「Interest-bearing debt as a percentage of total liabilities and net assets was 25.6% for the fiscal year ended March 2019 and 26.3% for the fiscal year ended March 2020. Borrowings and bonds at variable interest rates are exposed to interest rate fluctuation risk, and an increase in interest rates could increase interest expenses and affect the performance of the Group.」
The interest-bearing debt ratio rose from 25.6% to 26.3%, and the risk of higher interest expenses due to interest rate fluctuations continues to be disclosed. - FY2019MitigatedAnnual report
「Interest-bearing debt as a percentage of total liabilities and net assets was 31.7% for the fiscal year ended March 2018 and 25.6% for the fiscal year ended March 2019. Borrowings at variable interest rates are exposed to interest rate fluctuation risk, and an increase in borrowing rates could affect the performance of the Group.」
The interest-bearing debt ratio declined from 31.7% to 25.6%, indicating reduced dependence on debt carrying interest rate fluctuation risk. - FY2018WorsenedAnnual report
「Interest-bearing debt as a percentage of total liabilities and net assets was 29.2% for the fiscal year ended March 2017 and 31.7% for the fiscal year ended March 2018. Borrowings at variable interest rates are exposed to interest rate fluctuation risk, and an increase in borrowing rates could affect the performance of the Group.」
The interest-bearing debt ratio rose from 29.2% to 31.7%, indicating increased dependence on debt carrying interest rate fluctuation risk. - FY2017WorsenedAnnual report
「Interest-bearing debt as a percentage of total liabilities and net assets was 22.0% for the fiscal year ended March 2016 and 29.2% for the fiscal year ended March 2017. Borrowings at variable interest rates are exposed to interest rate fluctuation risk, and an increase in borrowing rates could affect the performance of the Group.」
The interest-bearing debt ratio rose from 22.0% to 29.2%, indicating increased dependence on debt carrying interest rate fluctuation risk. - FY2016First statedAnnual report
「Borrowings at variable interest rates are exposed to interest rate risk, and an increase in borrowing rates could affect the performance of the group.」
The filing states that the ratio of interest-bearing debt to total assets was 30.5% for the fiscal year ended March 2015 and 22.0% for the fiscal year ended March 2016.