Increase in Interest-Bearing Debt from Store-Opening Investment and Risk of Recovering Invested Capital
First written in FY2017. 11 of 23 entries say "Mitigated", first in FY2020-Q1. Latest entry: 2026-08-06.
0 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedEarnings
「This was because short-term borrowings decreased by ¥980 million, income taxes payable decreased by ¥229 million, and the provision for bonuses decreased by ¥159 million,」
Short-term borrowings were reduced to zero, lowering the burden of interest-bearing debt associated with store expansion investments and other activities. - FY2026MitigatedAnnual report
「This was mainly due to a net decrease of ¥120 million in short-term borrowings and ¥199 million in expenditures for the repayment of long-term borrowings.」
Short-term borrowings decreased on a net basis and long-term borrowings were repaid, reducing the interest-bearing debt burden associated with store expansion investment. - FY2026-H1MitigatedAnnual report
「Current liabilities decreased by ¥870 million from the end of the previous fiscal year to ¥4,078 million. This was mainly due to decreases of ¥123 million in accounts payable, ¥700 million in short-term borrowings and ¥100 million in current maturities of long-term borrowings. Non-current liabilities decreased by ¥140 million from the end of the previous fiscal year to ¥1,412 million. This was mainly due to decreases of ¥49 million in long-term borrowings, ¥39 million in provisions for retirement benefits and ¥32 million in lease liabilities included in other non-current liabilities.」
Short-term borrowings, current maturities of long-term borrowings, long-term borrowings, lease liabilities and other items decreased, reducing the liability burden associated with store expansion investment and other activities. - FY2025MitigatedAnnual report
「Non-current liabilities decreased by ¥1,217 million from the end of the previous fiscal year to ¥1,553 million. This was mainly due to a ¥991 million decrease in long-term borrowings and a ¥128 million decrease in special accounts for shares arising from the reorganization, included in other non-current liabilities.」
Non-current liabilities decreased by ¥1,217 million due to reductions in long-term borrowings and other items, reducing the liability burden associated with store expansion investment and other activities. - FY2025-H1MitigatedAnnual report
「Non-current liabilities decreased by ¥1,098 million from the end of the previous consolidated fiscal year to ¥1,586 million. This was mainly due to decreases of ¥941 million in long-term borrowings and ¥115 million in lease liabilities included in other non-current liabilities.」
Non-current liabilities decreased by ¥1,098 million due to reductions in long-term borrowings and lease liabilities, reducing the interest-bearing debt burden associated with store expansion investment and other activities. - FY2024-Q3MitigatedAnnual report
「Current liabilities decreased by ¥397 million from the end of the previous consolidated fiscal year to ¥6,183 million. This was mainly due to increases of ¥217 million in accounts payable and ¥121 million in accrued expenses, partly offset by a ¥589 million decrease in current maturities of long-term borrowings. Non-current liabilities decreased by ¥523 million from the end of the previous consolidated fiscal year to ¥2,826 million. This was mainly due to decreases of ¥196 million in long-term borrowings and ¥178 million in lease liabilities included in other non-current liabilities.」
Both current and non-current liabilities decreased, as did current maturities of long-term borrowings, long-term borrowings and lease liabilities. - FY2024-Q2Increase in short-term borrowings and decrease in long-term borrowingsAnnual report
「Current liabilities increased by ¥230 million from the end of the previous consolidated fiscal year to ¥6,811 million. This was mainly due to increases of ¥129 million in accounts payable, ¥500 million in short-term borrowings and ¥165 million in accrued expenses, partly offset by a ¥384 million decrease in current maturities of long-term borrowings.」
Short-term borrowings increased by ¥500 million, while current maturities of long-term borrowings decreased by ¥384 million and long-term borrowings decreased by ¥136 million, resulting in mixed movements in the liability structure. - FY2024-Q1Increase in short-term borrowings and decrease in non-current liabilitiesAnnual report
「Current liabilities increased by ¥302 million from the end of the previous consolidated fiscal year to ¥6,883 million. This was mainly due to a ¥500 million increase in short-term borrowings and a ¥188 million decrease in current maturities of long-term borrowings.」
Short-term borrowings increased by ¥500 million, while current maturities of long-term borrowings and long-term borrowings decreased, resulting in mixed movements in the debt burden by component. - FY2023Increase in short-term borrowings and decrease in long-term borrowingsAnnual report
「Current liabilities increased by ¥959 million from the end of the previous consolidated fiscal year to ¥6,580 million. This was mainly due to a ¥1,300 million increase in short-term borrowings and a ¥294 million decrease in accounts payable and other payables.」
Short-term borrowings increased by ¥1,300 million, while long-term borrowings decreased by ¥1,058 million, resulting in mixed movements in the debt burden. - FY2023-Q3Increase in short-term borrowings and decrease in long-term borrowingsAnnual report
「Current liabilities increased by ¥619 million from the end of the previous consolidated fiscal year to ¥6,240 million. This was mainly due to an ¥800 million increase in short-term borrowings. Non-current liabilities decreased by ¥1,099 million from the end of the previous consolidated fiscal year to ¥3,815 million. This was mainly due to decreases of ¥794 million in long-term borrowings and ¥2.34 million in lease liabilities included in other non-current liabilities.」
Short-term borrowings increased by ¥800 million, while non-current liabilities, including long-term borrowings, decreased, resulting in mixed movements in the liability burden associated with store expansion investment and other activities. - FY2023-Q2MitigatedAnnual report
「Non-current liabilities decreased by ¥771 million from the end of the previous consolidated fiscal year to ¥4,144 million. This was mainly due to decreases of ¥529 million in long-term borrowings and ¥171 million in lease liabilities included in other non-current liabilities.」
Non-current liabilities, long-term borrowings and lease liabilities decreased, reducing the interest-bearing debt burden associated with store expansion investment during the quarter. - FY2023-Q1MitigatedAnnual report
「Non-current liabilities decreased by ¥414 million from the end of the previous consolidated fiscal year to ¥4,501 million. This was mainly due to decreases of ¥264 million in long-term borrowings and ¥96 million in lease liabilities included in other non-current liabilities.」
Non-current liabilities, long-term borrowings and lease liabilities decreased, reducing the interest-bearing debt burden associated with store expansion investment during the quarter. - FY2022-Q3WorsenedAnnual report
「Non-current liabilities decreased by ¥200 million from the end of the previous consolidated fiscal year to ¥5,477 million. This was mainly due to a ¥183 million increase in long-term borrowings and a ¥267 million decrease in lease liabilities included in other non-current liabilities.」
Although total liabilities decreased, long-term borrowings increased by ¥183 million. The balance of borrowings, including short-term borrowings, increased from the end of the previous consolidated fiscal year, and the risk of an interest-bearing debt burden associated with store expansion investment and other activities remains. - FY2021WorsenedAnnual report
「Current liabilities increased by ¥2,478 million from the end of the previous consolidated fiscal year to ¥8,356 million. This was mainly due to increases of ¥1,000 million in short-term borrowings, ¥838 million in accrued expenses and ¥735 million in unpaid consumption taxes and other items.」
Current liabilities increased by ¥2,478 million, mainly due to a ¥1,000 million increase in short-term borrowings, and the funding and debt burden continues to materialize. - FY2021-Q3WorsenedAnnual report
「Current liabilities increased by ¥2,524 million from the end of the previous consolidated fiscal year to ¥8,402 million. This was mainly due to increases of ¥1,000 million in short-term borrowings, ¥966 million in accrued expenses and ¥775 million in unpaid consumption taxes and other items included in other current liabilities」
Current liabilities increased by ¥2,524 million, mainly due to a ¥1,000 million increase in short-term borrowings, and the risk related to funding and the debt burden continues to materialize. - FY2021-Q2WorsenedAnnual report
「Current liabilities increased by ¥3,228 million from the end of the previous consolidated fiscal year to ¥9,106 million. This was mainly due to increases of ¥2,000 million in short-term borrowings, ¥981 million in accrued expenses and ¥489 million in unpaid consumption taxes and other items included in other current liabilities, partly offset by a ¥170 million decrease in provisions for store closure losses.」
Current liabilities increased by ¥3,228 million, mainly due to a ¥2,000 million increase in short-term borrowings, and the risk related to funding and the debt burden has expanded. - FY2021-Q1WorsenedAnnual report
「Current liabilities increased by ¥2,152 million from the end of the previous consolidated fiscal year to ¥8,030 million. This was mainly due to a ¥2,000 million increase in short-term borrowings and a ¥373 million increase in accrued expenses」
Current liabilities increased, mainly due to a ¥2,000 million increase in short-term borrowings, and the risk related to funding and the debt burden has expanded. This corresponds to quantified = true and materialized = true. - FY2020-Q3MitigatedAnnual report
「Non-current liabilities decreased by ¥920 million from the end of the previous consolidated fiscal year to ¥5,502 million. This was mainly due to decreases of ¥561 million in long-term borrowings and ¥162 million in lease liabilities included in other non-current liabilities.」
Non-current liabilities, long-term borrowings and lease liabilities decreased, reducing the interest-bearing debt burden associated with store expansion investment and other activities. - FY2020-Q2MitigatedAnnual report
「Non-current liabilities decreased by ¥665 million from the end of the previous consolidated fiscal year to ¥5,757 million. This was mainly due to decreases of ¥374 million in long-term borrowings and ¥140 million in lease liabilities included in other non-current liabilities.」
The liability burden associated with store expansion investment and other activities decreased in the second quarter, following reductions of ¥374 million in long-term borrowings and ¥140 million in lease liabilities. - FY2020-Q1MitigatedAnnual report
「Non-current liabilities decreased by ¥412 million from the end of the previous consolidated fiscal year to ¥6,010 million. This was mainly due to decreases of ¥187 million in long-term borrowings and ¥125 million in lease liabilities included in other non-current liabilities.」
Non-current liabilities, long-term borrowings and lease liabilities all decreased, reducing the interest-bearing debt burden associated with store expansion investment during the quarter. - FY2018RestatedAnnual report
「Funding for new stores is expected to come from internal funds, borrowings from financial institutions and other sources. However, if newly opened stores fail to generate earnings as planned and recovery of invested capital takes longer than expected, the increase in interest-bearing debt could become a burden and affect the performance of the Group.」
The company continues to disclose risks related to store expansion investment, borrowings and the recovery of invested capital. - FY2018-Q2MaterialisedAnnual report
「Non-current liabilities increased by ¥2,374 million from the end of the previous consolidated fiscal year to ¥9,720 million. This was mainly due to increases of ¥2,221 million in long-term borrowings and ¥123 million in lease liabilities included in other non-current liabilities.」
Regarding the risks of invested capital and borrowing burdens associated with store expansion investment and other activities, long-term borrowings increased by ¥2,221 million and non-current liabilities increased by ¥2,374 million. - FY2017First statedAnnual report
「Funding for new stores is expected to come from internal funds, borrowings from financial institutions and other sources. However, if newly opened stores fail to generate earnings as planned and recovery of invested capital takes longer than expected, the increase in interest-bearing debt could become a burden and affect the performance of the Group.」
The company has explicitly identified as a risk the possibility that underperformance at new stores or delays in recovering invested capital could affect results through an increase in interest-bearing debt.