Dependence on Interest-Bearing Debt and Interest-Rate Risk
First written in FY2017. 2 of 27 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
- FY2027-H1Changes in the composition of interest-bearing debtAnnual report
「This was mainly due to increases of ¥6,770 million in notes and accounts payable, ¥1,429 million in the current portion of long-term borrowings and ¥35,879 million in long-term borrowings, partly offset by a ¥23,100 million decrease in short-term borrowings.」
Short-term borrowings decreased by ¥23,100 million, while the current portion of long-term borrowings increased by ¥1,429 million and long-term borrowings by ¥35,879 million. No change in recognition itself of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2026Increase in Interest-Bearing DebtAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥219,396 million.」
The balance of interest-bearing debt increased from ¥206,578 million at the end of the previous fiscal year to ¥219,396 million. No change in recognition itself of interest rate fluctuation risk is mentioned. - FY2026-H1Changes in the composition of interest-bearing debtAnnual report
「This was mainly due to increases of ¥5,786 million in accounts payable, ¥1,939 million in electronically recorded obligations, ¥2,370 million in the current portion of long-term borrowings and ¥2,004 million in long-term borrowings, partly offset by a ¥3,300 million decrease in short-term borrowings.」
Short-term borrowings decreased by ¥3,300 million, while the current portion of long-term borrowings increased by ¥2,370 million and long-term borrowings by ¥2,004 million. Total liabilities increased by ¥11,202 million from the end of the previous fiscal year. - FY2025-H1Changes in the composition of interest-bearing debtAnnual report
「Total liabilities increased by ¥15,593 million from the end of the previous consolidated fiscal year to ¥316,893 million. This was mainly due to increases of ¥7,299 million in accounts payable, ¥1,872 million in electronically recorded obligations, ¥1,861 million in current maturities of long-term borrowings and ¥9,962 million in long-term borrowings, together with a ¥10,200 million decrease in short-term borrowings, among other factors.」
Short-term borrowings decreased by ¥10,200 million, while long-term borrowings increased by ¥9,962 million and current portion of long-term borrowings by ¥1,861 million. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2025-Q1Changes in the composition of interest-bearing debtAnnual report
「Total liabilities increased by ¥14,303 million from the end of the previous consolidated fiscal year to ¥315,603 million. This was mainly due to increases of ¥9,624 million in accounts payable and ¥15,883 million in long-term borrowings, together with an ¥11,070 million decrease in short-term borrowings, among other factors.」
Long-term borrowings increased by ¥15,883 million, while short-term borrowings decreased by ¥11,070 million. Total liabilities increased by ¥14,303 million from the end of the previous fiscal year. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2024Increase in Interest-Bearing DebtAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥197,398 million.」
The balance of interest-bearing debt increased from ¥172,122 million at the end of the previous fiscal year to ¥197,398 million. No change in recognition itself of interest rate fluctuation risk is mentioned. - FY2024-Q3Increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥37,621 million from the end of the previous consolidated fiscal year to ¥307,316 million. This was mainly due to increases of ¥8,953 million in accounts payable and ¥28,094 million in long-term borrowings, together with a ¥3,787 million decrease in short-term borrowings, among other factors.」
Long-term borrowings included in interest-bearing debt increased by ¥28,094 million, while short-term borrowings decreased by ¥3,787 million. No change in recognition of interest rate fluctuation risk is mentioned. - FY2024-Q2Increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥33,868 million from the end of the previous consolidated fiscal year to ¥303,563 million. This was mainly due to increases of ¥7,495 million in accounts payable, ¥8,112 million in short-term borrowings and ¥12,844 million in long-term borrowings, among other factors.」
Short-term borrowings increased by ¥8,112 million and long-term borrowings by ¥12,844 million. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2024-Q1Increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥23,407 million from the end of the previous consolidated fiscal year to ¥293,102 million. This was mainly due to increases of ¥7,561 million in accounts payable and ¥12,016 million in long-term borrowings, among other factors.」
Long-term borrowings increased by ¥12,016 million from the end of the previous fiscal year, and total liabilities also increased by ¥23,407 million. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2023Increase in Interest-Bearing DebtAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥172,122 million.」
The balance of interest-bearing debt increased from ¥160,835 million at the end of the previous fiscal year to ¥172,122 million. No change in recognition itself of financial interest rate fluctuation risk is mentioned. - FY2023-Q3Increase in interest-bearing debtAnnual report
「This was mainly due to increases of ¥8,665 million in accounts payable and electronically recorded obligations, ¥4,837 million in short-term borrowings and ¥7,903 million in long-term borrowings.」
Short-term borrowings increased by ¥4,837 million and long-term borrowings by ¥7,903 million from the end of the previous fiscal year. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2023-Q1Changes in the composition of interest-bearing debtAnnual report
「Total liabilities increased by ¥5,073 million from the end of the previous fiscal year to ¥260,705 million. This was mainly due to increases of ¥6,722 million in accounts payable and electronically recorded obligations and ¥6,991 million in long-term borrowings, partly offset by an ¥8,037 million decrease in short-term borrowings.」
Long-term borrowings increased by ¥6,991 million, while short-term borrowings decreased by ¥8,037 million. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2022Slight decrease in the balance of interest-bearing debtAnnual report
「The balance of interest-bearing debt, including borrowings and lease liabilities, at the end of the current consolidated fiscal year was ¥160,835 million.」
The balance of interest-bearing debt decreased by ¥34 million, from ¥160,869 million at the end of the previous fiscal year to ¥160,835 million. No change in recognition of interest rate fluctuation risk is mentioned. - FY2022-Q3Increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥1,772 million from the end of the previous fiscal year to ¥263,581 million. This was mainly due to increases of ¥4,124 million in accounts payable and electronically recorded obligations and ¥6,597 million in long-term borrowings, partly offset by a ¥4,993 million decrease in accrued income taxes.」
Long-term borrowings increased by ¥6,597 million from the end of the previous fiscal year. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2022-Q2Increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥3,379 million from the end of the previous fiscal year to ¥265,188 million. This was mainly due to increases of ¥5,875 million in short-term borrowings and ¥2,049 million in long-term borrowings, partly offset by decreases of ¥1,848 million in accrued income taxes and ¥750 million in lease liabilities.」
States that short-term borrowings increased by ¥5,875 million and long-term borrowings by ¥2,049 million. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2022-Q1Increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥7,438 million from the end of the previous fiscal year to ¥269,247 million. This was mainly due to increases of ¥7,314 million in accounts payable, ¥2,462 million in short-term borrowings, ¥1,049 million in provision for bonuses and ¥5,414 million in long-term borrowings, partly offset by a ¥4,327 million decrease in accrued income taxes.」
States that short-term borrowings increased by ¥2,462 million and long-term borrowings by ¥5,414 million. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2021Decrease in interest-bearing debtAnnual report
「As of the end of the consolidated fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥160,869 million.」
The balance of interest-bearing debt decreased from ¥164,867 million at the end of the previous fiscal year. No change in recognition of interest rate fluctuation risk itself is mentioned. - FY2021-Q3Decrease in long-term borrowingsAnnual report
「Total liabilities increased by ¥8,378 million from the end of the previous fiscal year to ¥262,560 million. This was mainly due to increases of ¥8,603 million in accounts payable and ¥3,380 million in accrued income taxes, partly offset by a ¥5,076 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥5,076 million from the end of the previous fiscal year, while total liabilities increased by ¥8,378 million. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2021-Q2Changes in the composition of interest-bearing debtAnnual report
「Total liabilities increased by ¥3,883 million from the end of the previous fiscal year to ¥258,066 million. This was mainly due to increases of ¥9,165 million in accounts payable and ¥4,261 million in accrued income taxes, partly offset by an ¥8,275 million decrease in short-term borrowings.」
Short-term borrowings decreased by ¥8,275 million from the end of the previous fiscal year, while long-term borrowings stood at ¥82,385 million. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2021-Q1Changes in the composition of interest-bearing debtAnnual report
「Total liabilities increased by ¥8,963 million from the end of the previous fiscal year to ¥263,146 million. This was mainly due to increases of ¥11,159 million in accounts payable, ¥1,120 million in provision for bonuses and ¥4,759 million in long-term borrowings, partly offset by a ¥9,087 million decrease in short-term borrowings.」
Short-term borrowings decreased by ¥9,087 million, while long-term borrowings increased by ¥4,759 million. No change in recognition of dependence on interest-bearing debt or interest rate fluctuation risk is mentioned. - FY2020Increase in interest-bearing debtAnnual report
「The balance of interest-bearing debt, including borrowings and lease liabilities, at the end of the current consolidated fiscal year was ¥164,867 million.」
The balance of interest-bearing debt was ¥164,867 million, up from ¥142,059 million at the end of the previous fiscal year, but no change in recognition of interest rate fluctuation risk is mentioned. - FY2020-Q3Increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥39,499 million from the end of the previous fiscal year to ¥245,163 million. This was mainly due to increases of ¥14,978 million in accounts payable, ¥4,675 million in short-term borrowings and ¥18,166 million in long-term borrowings.」
Short-term borrowings increased by ¥4,675 million and long-term borrowings by ¥18,166 million from the end of the previous fiscal year. No change in recognition of the risk of dependence on interest-bearing debt itself is mentioned. - FY2020-Q2Increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥37,694 million from the end of the previous fiscal year to ¥243,358 million. This was mainly due to increases of ¥12,791 million in accounts payable, ¥17,100 million in short-term borrowings and ¥5,290 million in long-term borrowings.」
Short-term borrowings increased by ¥17,100 million and long-term borrowings by ¥5,290 million from the end of the previous fiscal year. No change in recognition of the risk of dependence on interest-bearing debt itself is mentioned. - FY2020-Q1Increase in interest-bearing debtAnnual report
「Total liabilities increased by ¥31,290 million from the end of the previous fiscal year to ¥236,955 million. This was mainly due to increases of ¥6,501 million in accounts payable, ¥18,000 million in short-term borrowings and ¥9,084 million in long-term borrowings.」
States that short-term borrowings increased by ¥18,000 million and long-term borrowings by ¥9,084 million. It does not directly link these increases to the risk of dependence on interest-bearing debt, nor does it mention any change in risk recognition. - FY2019RestatedAnnual report
「The Group finances capital expenditures through borrowings from financial institutions and other sources, and has a high level of dependence on interest-bearing debt. The Group strives to balance capital expenditures with cash flow from operating activities and to contain interest-bearing debt, but future changes in interest rates could affect its performance.」
Reiterates the risk that dependence on interest-bearing debt and interest rate fluctuations could affect performance, along with the mitigation measure of keeping capital investment in line with operating cash flow. - FY2018RestatedAnnual report
「The Group finances capital expenditures through borrowings from financial institutions and other sources, and has a high level of dependence on interest-bearing debt. The Group strives to balance capital expenditures with cash flow from operating activities and to contain interest-bearing debt, but future changes in interest rates could affect its performance.」
Reiterates the risk that dependence on interest-bearing debt and interest rate fluctuations could affect performance, along with the mitigation measure of keeping capital investment in line with operating cash flow. - FY2017First statedAnnual report
「The Company relies heavily on borrowings and other debt from financial institutions to fund capital investment. Although we seek to keep capital investment in balance with operating cash flow and limit interest-bearing debt, future changes in interest rates could affect our results.」
The Company identifies its dependence on borrowings to fund capital investment and the potential impact of future interest-rate movements on results as risks.