Debt burden from increased borrowings
First written in FY2017-Q1. 30 of 34 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2026.
Vt Holdings moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 4 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Interest-bearing debt (¥ million) 123,992 143,670 Cash and cash equivalents (¥ million) 14,643 13,565 Net interest-bearing debt (after deduction) (¥ million) 109,349 130,105 Ratio of equity attributable to owners of the parent (%) 25.6 23.3」
Interest-bearing debt increased from ¥123,992 million to ¥143,670 million, while net interest-bearing debt increased from ¥109,349 million to ¥130,105 million. The ratio of equity attributable to owners of the parent declined from 25.6% to 23.3%. - FY2026-H1WorsenedAnnual report
「Total liabilities were ¥205,530 million, an increase of ¥8,037 million from ¥197,493 million at the end of the previous consolidated fiscal year. Current liabilities were ¥135,423 million, up ¥1,916 million. This mainly reflected an increase in bonds and borrowings (¥4,649 million), partly offset by decreases in trade and other payables (¥3,156 million) and other items. Non-current liabilities were ¥70,107 million, up ¥6,120 million, mainly due to an increase in bonds and borrowings (¥5,802 million).」
Total liabilities increased by ¥8,037 million from the end of the previous fiscal year, and bonds and borrowings increased in both current and non-current liabilities. The carrying amount of bonds and borrowings increased from ¥70,884 million at the end of the previous fiscal year to ¥81,334 million. - FY2025WorsenedAnnual report
「Interest-bearing debt (¥ million) 116,161 123,992 Cash and cash equivalents (¥ million) 13,483 14,643 Net interest-bearing debt (after deduction) (¥ million) 102,678 109,349」
Interest-bearing debt increased from ¥116,161 million to ¥123,992 million, while net interest-bearing debt increased from ¥102,678 million to ¥109,349 million. The ratio of equity attributable to owners of the parent also declined from 26.7% to 25.6%. - FY2025-H1WorsenedAnnual report
「Total liabilities were ¥195,761 million, an increase of ¥4,881 million from ¥190,881 million at the end of the previous consolidated fiscal year. Current liabilities were ¥133,720 million, up ¥598 million. This mainly reflected an increase in bonds and borrowings (¥2,178 million), partly offset by decreases in trade and other payables (¥3,282 million) and other items. Non-current liabilities were ¥62,041 million, up ¥4,282 million, mainly due to increases in bonds and borrowings (¥2,869 million) and other financial liabilities (¥3,442 million).」
Total liabilities increased by ¥4,881 million from the end of the previous fiscal year, and bonds and borrowings increased in both current and non-current liabilities. The increase in the borrowing-related debt burden continued. - FY2024WorsenedAnnual report
「The balance of bonds and borrowings at the end of the current consolidated fiscal year was ¥71,280 million.」
Bonds and borrowings increased from ¥61,333 million at the end of the previous fiscal year to ¥71,280 million. Interest-bearing debt, including lease liabilities, was ¥116,161 million, and net interest-bearing debt was ¥102,678 million, indicating an increase in the debt burden. - FY2024-Q3WorsenedAnnual report
「Total liabilities were ¥184,141 million, an increase of ¥27,048 million from ¥157,093 million at the end of the previous consolidated fiscal year. Current liabilities were ¥121,902 million, up ¥12,282 million, mainly due to increases in bonds and borrowings (¥11,001 million) and trade and other payables (¥2,644 million). Non-current liabilities were ¥62,239 million, up ¥14,766 million, mainly due to increases in other financial liabilities (¥6,447 million), bonds and borrowings (¥5,053 million), and deferred tax liabilities (¥3,173 million).」
Total liabilities increased by ¥27,048 million from the end of the previous fiscal year. Bonds and borrowings totaled ¥77,387 million across current and non-current liabilities. Borrowing-related debt burdens continued to increase. - FY2024-Q2WorsenedAnnual report
「Total liabilities were ¥177,577 million, an increase of ¥20,484 million from ¥157,093 million at the end of the previous consolidated fiscal year. Current liabilities were ¥120,345 million, up ¥10,725 million, mainly due to increases in bonds and borrowings (¥8,505 million), trade and other payables (¥906 million), and other financial liabilities (¥924 million). Non-current liabilities were ¥57,232 million, up ¥9,760 million, mainly due to increases in bonds and borrowings (¥4,626 million), other financial liabilities (¥3,493 million), and deferred tax liabilities (¥1,474 million).」
Total liabilities increased by ¥20,484 million from the end of the previous fiscal year, and bonds and borrowings increased in both current and non-current liabilities. The total carrying amount of bonds and borrowings was ¥74,464 million. - FY2024-Q1WorsenedAnnual report
「Total liabilities were ¥164,974 million, an increase of ¥7,881 million from ¥157,093 million at the end of the previous consolidated fiscal year. Current liabilities were ¥115,552 million, up ¥5,932 million. This mainly reflected increases in bonds and borrowings (¥7,665 million) and other items, partly offset by decreases in income taxes payable and other current liabilities (¥873 million) and trade and other payables (¥704 million). Non-current liabilities were ¥49,422 million, up ¥1,950 million, mainly due to increases in bonds and borrowings (¥1,171 million) and other financial liabilities (¥797 million).」
Total liabilities increased by ¥7,881 million from the end of the previous fiscal year. Bonds and borrowings increased by ¥7,665 million in current liabilities and by ¥1,171 million in non-current liabilities. - FY2023-Q3WorsenedAnnual report
「Total liabilities were ¥147,684 million, an increase of ¥16,569 million from ¥131,115 million at the end of the previous consolidated fiscal year. Current liabilities were ¥102,487 million, an increase of ¥14,275 million, mainly due to an increase in bonds and borrowings (¥14,842 million), among other factors.」
Total liabilities increased by ¥16,569 million from the end of the previous fiscal year, while bonds and borrowings in current liabilities also increased by ¥14,842 million. The carrying amount of bonds and borrowings across current and non-current liabilities was ¥62,515 million. - FY2023-Q2WorsenedAnnual report
「Total liabilities were ¥135,128 million, an increase of ¥4,013 million from ¥131,115 million at the end of the previous consolidated fiscal year. Current liabilities were ¥91,040 million, an increase of ¥2,828 million, mainly due to an increase in bonds and borrowings (¥4,946 million), partly offset by decreases in current income taxes payable and other liabilities (¥706 million) and other current liabilities (¥833 million), among other factors.」
Total liabilities increased by ¥4,013 million from the end of the previous fiscal year, while bonds and borrowings in current liabilities also increased by ¥4,946 million. The carrying amount of bonds and borrowings across current and non-current liabilities was ¥51,582 million. - FY2023-Q1WorsenedAnnual report
「Current liabilities were ¥86,374 million, a decrease of ¥1,838 million. This was mainly due to decreases in current income taxes payable and other liabilities (¥1,643 million) and trade and other payables (¥1,337 million), partly offset by an increase in bonds and borrowings (¥3,418 million), among other factors.」
While total liabilities decreased, bonds and borrowings in current liabilities increased by ¥3,418 million, and total bonds and borrowings increased from ¥46,301 million to ¥49,440 million. - FY2022-Q3WorsenedAnnual report
「Total liabilities were ¥128,483 million, a decrease of ¥206 million from ¥128,689 million at the end of the previous consolidated fiscal year. Current liabilities were ¥83,132 million, a decrease of ¥2,446 million, mainly due to decreases in trade and other payables (¥9,736 million) and contract liabilities (¥2,194 million), partly offset by an increase in bonds and borrowings (¥9,502 million), among other factors.」
Although total liabilities decreased slightly, bonds and borrowings in current liabilities increased by ¥9,502 million, and the debt burden continued to increase. - FY2022-Q2WorsenedAnnual report
「Total liabilities were ¥126,778 million, a decrease of ¥1,910 million from ¥128,689 million at the end of the previous consolidated fiscal year. Current liabilities were ¥80,674 million, a decrease of ¥4,904 million, mainly due to decreases in trade and other payables (¥10,484 million) and contract liabilities (¥2,153 million), partly offset by an increase in bonds and borrowings (¥7,101 million), among other factors.」
Although total liabilities decreased, bonds and borrowings increased by ¥7,101 million from the end of the previous fiscal year, and the debt burden continued to increase. - FY2022-Q1WorsenedAnnual report
「Current liabilities were ¥81,476 million, a decrease of ¥4,101 million. This was mainly due to decreases in trade and other payables (¥8,530 million) and contract liabilities (¥3,085 million), partly offset by an increase in bonds and borrowings (¥7,665 million), among other factors.」
While total liabilities decreased by ¥1,371 million, bonds and borrowings in current liabilities increased by ¥7,665 million, and interest-bearing debt continued to increase. - FY2021MitigatedAnnual report
「Interest-bearing debt (¥ million) 79,404 74,875 Cash and cash equivalents (¥ million) 9,490 9,195 Net interest-bearing debt (after deduction) (¥ million) 69,914 65,680」
Interest-bearing debt decreased from ¥79,404 million at the end of the previous fiscal year to ¥74,875 million, while net interest-bearing debt decreased from ¥69,914 million to ¥65,680 million. - FY2021-Q3WorsenedAnnual report
「Total liabilities were ¥124,491 million, a decrease of ¥2,715 million from ¥127,207 million at the end of the previous consolidated fiscal year. Current liabilities were ¥80,861 million, a decrease of ¥9,299 million, mainly due to decreases in bonds and borrowings (¥1,787 million) and trade and other payables (¥8,511 million), partly offset by an increase in contract liabilities (¥1,136 million), among other factors. Non-current liabilities were ¥43,630 million, an increase of ¥6,583 million, mainly due to an increase in bonds and borrowings (¥7,996 million), partly offset by a decrease in other financial liabilities (¥1,613 million), among other factors.」
Although total liabilities decreased, bonds and borrowings in non-current liabilities increased by ¥7,996 million, and total bonds and borrowings increased from ¥46,080 million at the end of the previous fiscal year to ¥52,290 million. - FY2021-Q2WorsenedAnnual report
「Current liabilities were ¥82,807 million, a decrease of ¥7,353 million. This was mainly due to a decrease in trade and other payables (¥9,385 million), partly offset by an increase in bonds and borrowings (¥835 million), among other factors. Non-current liabilities were ¥40,460 million, an increase of ¥3,413 million, mainly due to an increase in bonds and borrowings (¥5,042 million), among other factors.」
Although total liabilities decreased, bonds and borrowings in current liabilities increased by ¥835 million and those in non-current liabilities increased by ¥5,042 million. Interest-bearing debt increased from ¥46,080 million at the end of the previous fiscal year to ¥51,957 million. - FY2021-Q1WorsenedAnnual report
「Current liabilities were ¥82,739 million, a decrease of ¥7,422 million. This was mainly due to a decrease in trade and other payables (¥9,203 million), partly offset by an increase in bonds and borrowings (¥2,724 million), among other factors. Non-current liabilities were ¥38,612 million, an increase of ¥1,565 million, mainly due to an increase in bonds and borrowings (¥1,845 million), among other factors.」
While total liabilities decreased, bonds and borrowings in current and non-current liabilities increased by ¥2,724 million and ¥1,845 million, respectively. - FY2020WorsenedAnnual report
「Interest-bearing debt (¥ million) 46,620 79,404 Cash and cash equivalents (¥ million) 7,514 9,490 Net interest-bearing debt (after deduction) (¥ million) 39,105 69,914」
Interest-bearing debt increased from ¥46,620 million at the end of the previous fiscal year to ¥79,404 million, while net interest-bearing debt increased from ¥39,105 million to ¥69,914 million. - FY2020-Q2WorsenedAnnual report
「Total liabilities were ¥115,956 million, an increase of ¥17,945 million from ¥98,011 million at the end of the previous consolidated fiscal year.」
Total liabilities increased by ¥17,945 million from the end of the previous consolidated fiscal year. In addition to the increase in lease liabilities accompanying the application of IFRS 16, bonds and borrowings also increased by ¥5,888 million. - FY2020-Q1WorsenedAnnual report
「Total liabilities were ¥114,197 million, an increase of ¥16,186 million from ¥98,011 million at the end of the previous consolidated fiscal year. Current liabilities were ¥81,798 million, an increase of ¥3,115 million, mainly due to an increase in bonds and borrowings (¥9,045 million), partly offset by a decrease in trade and other payables (¥6,190 million), among other factors.」
Total liabilities increased by ¥16,186 million from the end of the previous consolidated fiscal year, while bonds and borrowings also increased by ¥9,045 million. The increase in lease liabilities accompanying the application of IFRS 16 was also cited as a factor behind the increase in liabilities. - FY2019MitigatedAnnual report
「Total liabilities at the end of the current consolidated fiscal year were ¥98,011 million, a decrease of ¥3,867 million from the end of the previous consolidated fiscal year.」
Total liabilities decreased by ¥3,867 million from the end of the previous consolidated fiscal year. Bonds and borrowings also decreased in total across current and non-current liabilities. - FY2019-Q3WorsenedAnnual report
「Total liabilities were ¥91,154 million, a decrease of ¥4,317 million from ¥95,472 million at the end of the previous consolidated fiscal year. Current liabilities were ¥71,886 million, a decrease of ¥3,454 million, mainly due to a decrease in notes and accounts payable—trade (¥9,754 million), partly offset by an increase in short-term borrowings (¥7,585 million), among other factors. Non-current liabilities were ¥19,268 million, a decrease of ¥862 million, mainly due to a decrease in long-term borrowings (¥661 million), among other factors.」
While total liabilities and long-term borrowings decreased, short-term borrowings increased by ¥7,585 million, and short-term borrowings continued to increase. - FY2019-Q2WorsenedAnnual report
「Total liabilities were ¥95,340 million, a decrease of ¥131 million from ¥95,472 million at the end of the previous consolidated fiscal year. Current liabilities were ¥75,470 million, an increase of ¥129 million. Non-current liabilities were ¥19,870 million, a decrease of ¥260 million, mainly due to a decrease in lease liabilities (¥472 million), partly offset by an increase in long-term borrowings (¥149 million), among other factors.」
Total liabilities declined slightly, while current liabilities increased and long-term borrowings also increased by ¥149 million. Short-term borrowings increased from ¥18,270 million at the end of the previous fiscal year to ¥20,770 million. - FY2019-Q1WorsenedAnnual report
「Total liabilities were ¥94,232 million, a decrease of ¥1,240 million from ¥95,472 million at the end of the previous consolidated fiscal year. Current liabilities were ¥74,972 million, a decrease of ¥368 million, mainly due to a decrease in notes and accounts payable—trade (¥9,837 million), partly offset by an increase in short-term borrowings (¥8,430 million), among other factors. Non-current liabilities were ¥19,259 million, a decrease of ¥871 million, mainly due to a decrease in long-term borrowings (¥352 million), among other factors.」
While total liabilities and long-term borrowings decreased, short-term borrowings increased by ¥8,430 million, and the shift toward shorter maturities and the increase in borrowings continued. - FY2018-Q3WorsenedAnnual report
「Total liabilities were ¥93,124 million, an increase of ¥9,273 million from ¥83,851 million at the end of the previous consolidated fiscal year. Current liabilities were ¥69,783 million, an increase of ¥7,692 million, mainly due to an increase in short-term borrowings (¥6,082 million). Non-current liabilities were ¥23,340 million, an increase of ¥1,581 million, mainly due to an increase in long-term borrowings (¥1,264 million).」
Total liabilities increased by ¥9,273 million from the end of the previous fiscal year, and both short-term and long-term borrowings increased. - FY2018-Q2WorsenedAnnual report
「Total liabilities were ¥90,256 million, an increase of ¥6,405 million from ¥83,851 million at the end of the previous consolidated fiscal year. Current liabilities were ¥68,031 million, an increase of ¥5,939 million, mainly due to an increase in short-term borrowings (¥4,151 million). Non-current liabilities were ¥22,224 million, an increase of ¥465 million, mainly due to an increase in long-term borrowings (¥221 million), among other factors.」
Total liabilities increased by ¥6,405 million from the end of the previous fiscal year, and both short-term and long-term borrowings increased. - FY2018-Q1WorsenedAnnual report
「Total liabilities were ¥84,111 million, an increase of ¥260 million from ¥83,851 million at the end of the previous consolidated fiscal year. Current liabilities were ¥62,912 million, an increase of ¥820 million, mainly due to an increase in short-term borrowings (¥4,927 million) and a decrease in notes and accounts payable—trade (¥4,717 million), among other factors.」
Total liabilities increased by ¥260 million from the end of the previous fiscal year, while short-term borrowings among current liabilities increased by ¥4,927 million. - FY2017WorsenedAnnual report
「Interest-bearing debt (A): ¥36,670 million; total assets (B): ¥121,493 million; interest-bearing debt dependence ratio (A/B): 30.2%」
Interest-bearing debt increased from ¥28,341 million at the end of the previous fiscal year to ¥36,670 million, while the dependence ratio increased from 29.8% to 30.2%. Meanwhile, the company explained that its interest-bearing debt dependence ratio is on a declining trend over the medium term. - FY2017-Q3WorsenedAnnual report
「Total liabilities were ¥80,100 million, an increase of ¥19,818 million from ¥60,281 million at the end of the previous consolidated fiscal year. This was mainly due to increases in notes and accounts payable—trade (¥2,334 million), short-term borrowings (¥7,733 million) and lease liabilities (¥1,645 million), among other factors. Non-current liabilities were ¥22,813 million, an increase of ¥7,466 million, mainly due to an increase in long-term borrowings (¥5,345 million).」
Total liabilities increased by ¥19,818 million from the end of the previous consolidated fiscal year, and short-term and long-term borrowings, among other items, also increased. - FY2017-Q2RestatedAnnual report
「Total liabilities were ¥70,229 million, an increase of ¥9,948 million from ¥60,281 million at the end of the previous consolidated fiscal year. This was mainly due to increases in short-term borrowings (¥4,375 million), lease liabilities (¥1,274 million) and long-term borrowings (¥3,277 million), among other factors.」
The increase in total liabilities from the end of the previous consolidated fiscal year due to increases in short-term and long-term borrowings, among other factors, is reiterated. - FY2017-Q1First statedAnnual report
「This was mainly due to an increase in short-term borrowings (¥9,637 million) and a decrease in notes and accounts payable—trade (¥2,816 million), among other factors.」
Short-term borrowings increased by ¥9,637 million from the end of the previous consolidated fiscal year, and total liabilities increased by ¥9,406 million.