Dependence on interest-bearing debt and fluctuations in funding costs
First written in FY2017. 5 of 8 entries say "Mitigated", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2020: 64 of 143 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Interest-bearing debt accounted for 25.0% of the group’s total assets at the end of the fiscal year, compared with 19.9% at the end of the previous fiscal year. Although the group does not currently expect significant capital investment and plans to make capital investments within the range of cash on hand, changes in funding costs resulting from future changes in financial conditions may affect the group’s operating results and financial position.」
The ratio of interest-bearing debt to total assets rose from 19.9% to 25.0%. The policy of making capital investments within the range of cash on hand and the risk of fluctuations in funding costs remain unchanged. - FY2025WorsenedAnnual report
「Interest-bearing debt accounted for 19.9% of the group’s total assets at the end of the fiscal year, compared with 14.9% at the end of the previous fiscal year.」
The ratio of interest-bearing debt to total assets rose from 14.9% to 19.9%. The policy of making capital investments within the range of cash on hand and the risk of fluctuations in funding costs remain unchanged. - FY2023MitigatedAnnual report
「Interest-bearing debt accounted for 16.3% of the group’s total assets at the end of the fiscal year, compared with 17.3% at the end of the previous fiscal year. Although the group does not currently expect significant capital investment and plans to make capital investments within the range of cash on hand, changes in funding costs resulting from future changes in financial conditions may affect the group’s operating results and financial position.」
The ratio of interest-bearing debt to total assets declined from 17.3% to 16.3%, and the company continues to plan capital investments within the range of cash on hand. - FY2022MitigatedAnnual report
「Interest-bearing debt accounted for 17.3% of the group’s total assets at the end of the fiscal year, compared with 18.2% at the end of the previous fiscal year. Although the group does not currently expect significant capital investment and plans to make capital investments within the range of cash on hand, changes in funding costs resulting from future changes in financial conditions may affect the group’s operating results and financial position.」
The ratio of interest-bearing debt to total assets declined from 18.2% to 17.3%, and the company continues to plan capital investments within the range of cash on hand. - FY2021MitigatedAnnual report
「Interest-bearing debt accounted for 18.2% of the group’s total assets at the end of the fiscal year, compared with 19.5% at the end of the previous fiscal year. Although the group does not currently expect significant capital investment and plans to make capital investments within the range of cash on hand, changes in funding costs resulting from future changes in financial conditions may affect the group’s operating results and financial position.」
The ratio of interest-bearing debt to total assets declined from 19.5% to 18.2%, and the company continues to plan capital investments within the range of cash on hand. - FY2020MitigatedAnnual report
「Interest-bearing debt accounted for 19.5% of the group’s total assets at the end of the fiscal year, compared with 19.6% at the end of the previous fiscal year. Although the group does not currently expect significant capital investment and plans to make capital investments within the range of cash on hand, changes in funding costs resulting from future changes in financial conditions may affect the group’s operating results and financial position.」
The ratio of interest-bearing debt to total assets declined from 19.6% to 19.5%, and the company states that it plans to make capital investments within the range of cash on hand. - FY2018MitigatedAnnual report
「Interest-bearing debt accounted for 20.0% of the group’s total assets at the end of the fiscal year, compared with 22.4% at the end of the previous fiscal year.」
The ratio of interest-bearing debt to total assets declined from 22.4% to 20.0%. The company continues to disclose the possibility that fluctuations in funding costs may affect operating results and financial position. - FY2017First statedAnnual report
「Interest-bearing debt accounted for 22.4% of the group’s total assets at the end of the fiscal year, compared with 23.1% at the end of the previous fiscal year. Although the group does not currently expect significant capital investment and plans to make capital investments within the range of operating cash flow, changes in funding costs resulting from future changes in financial conditions may affect the group’s operating results and financial position.」
Interest-bearing debt was 22.4% of total assets, and the company states that fluctuations in funding costs resulting from financial conditions may affect operating results and financial position.