Reliance on Interest-Bearing Debt and Higher Borrowing Costs
First written in FY2019. 9 of 17 entries say "Mitigated", first in FY2023. Latest entry: 2026-09-11.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
- 2026-09-11WorsenedEarnings
「The main increase in non-current liabilities was a ¥45,742 thousand increase in long-term borrowings.」
Long-term borrowings increased by ¥45,742 thousand from the end of the previous fiscal year. - FY2027-H1WorsenedAnnual report
「The main increase in non-current liabilities was a ¥45,742 thousand increase in long-term borrowings.」
Long-term borrowings increased by ¥45,742 thousand, from ¥265,236 thousand at the end of the previous fiscal year to ¥310,978 thousand. Although short-term borrowings declined, exposure to borrowings increased. - FY2026MitigatedAnnual report
「As a result, interest-bearing liabilities, comprising borrowings, accounted for 19.0% of total assets as of the end of January 2026.」
The interest-bearing debt ratio declined from 22.3% at the end of the previous fiscal year to 19.0%, and long-term borrowings decreased from ¥499,795 thousand to ¥265,236 thousand. The disclosure that no request to raise interest rates had been received at that point continues. - 2026-03-13MitigatedEarnings
「The main decrease in non-current liabilities was a ¥234,559 thousand decrease in long-term borrowings.」
Long-term borrowings declined by ¥234,559 thousand, reducing long-term interest-bearing debt exposure. - FY2026-H1WorsenedAnnual report
「The main increase in current liabilities was due to a ¥249,336 thousand increase in short-term borrowings. The main decrease in non-current liabilities was due to a ¥139,957 thousand decrease in long-term borrowings.」
Short-term borrowings increased by ¥249,336 thousand, while long-term borrowings decreased by ¥139,957 thousand. With borrowings becoming shorter-term, exposure to interest-bearing liabilities increased from the end of the previous fiscal year. - FY2025WorsenedAnnual report
「As a result, interest-bearing liabilities, comprising borrowings, accounted for 22.3% of total assets as of the end of January 2025.」
The interest-bearing debt ratio rose from 20.8% at the end of the previous fiscal year to 22.3%. The disclosure that no request to raise borrowing rates had been received at that point continues. - FY2025-H1MitigatedAnnual report
「The main decrease in non-current liabilities was due to a decrease of ¥45,488 thousand in long-term borrowings.」
Long-term borrowings decreased by ¥45,488 thousand, and exposure to interest-bearing liabilities continued to decline. - FY2025-Q1MitigatedAnnual report
「The main decrease in non-current liabilities was a ¥76,306 thousand decrease in long-term borrowings.」
Long-term borrowings decreased by ¥76,306 thousand during the first quarter, and exposure to interest-bearing liabilities continued to decline. - FY2024MitigatedAnnual report
「As a result, interest-bearing liabilities, comprising borrowings, accounted for 20.8% of total assets as of the end of January 2024. We understand that the company maintains good relationships with financial institutions and, at present, has not received any particular request to raise borrowing rates.」
The interest-bearing debt ratio declined from 33.4% at the end of January 2023 to 20.8%, and long-term borrowings decreased from ¥873,537 thousand to ¥608,009 thousand. The disclosure that no request to raise interest rates has been received continues. - FY2024-Q3MitigatedAnnual report
「The main decrease in non-current liabilities was due to a decrease of ¥208,534 thousand in long-term borrowings.」
Long-term borrowings decreased by ¥208,534 thousand, and exposure to interest-bearing liabilities continued to decline. - FY2024-Q2MitigatedAnnual report
「The main decrease in non-current liabilities was due to a decrease of ¥169,439 thousand in long-term borrowings.」
Long-term borrowings decreased by ¥169,439 thousand, and exposure to interest-bearing liabilities continued to decline. - FY2024-Q1MitigatedAnnual report
「The main decrease in non-current liabilities was due to a decrease of ¥86,752 thousand in long-term borrowings.」
Long-term borrowings decreased by ¥86,752 thousand, indicating lower exposure to interest-bearing liabilities. - FY2023MitigatedAnnual report
「As a result, interest-bearing liabilities, comprising borrowings, accounted for 33.4% of total assets as of the end of January 2023. We understand that the company maintains good relationships with financial institutions and, at present, has not received any particular request to raise borrowing rates.」
The interest-bearing debt ratio declined from 36.7% to 33.4%, and it is stated that no request to raise interest rates has been received at present. - FY2022WorsenedAnnual report
「As a result, interest-bearing liabilities, comprising borrowings, accounted for 36.7% of total assets as of the end of January 2022.」
The ratio of interest-bearing liabilities rose from 33.7% at the end of June 2021 to 36.7%, indicating a numerical increase in the risk of an impact on operating results from higher borrowing rates. - FY2021RestatedAnnual report
「As a result, interest-bearing liabilities, comprising borrowings, accounted for 33.7% of total assets as of the end of June 2021.」
The risk of an impact on operating results from higher borrowing rates, with interest-bearing liabilities accounting for 33.7%, continues to be disclosed. - FY2020RestatedAnnual report
「As a result, interest-bearing liabilities, comprising borrowings and lease obligations, accounted for 34.2% of total assets as of the end of June 2020.」
The risk of an impact on operating results from higher borrowing rates, with interest-bearing liabilities accounting for 34.2%, continues to be disclosed. - FY2019First statedAnnual report
「Interest-bearing liabilities, comprising borrowings and lease obligations, accounted for 34.2% of total assets as of the end of June 2019.」
The company primarily finances new store openings through borrowings from financial institutions and describes the risk of higher interest rates with an interest-bearing debt ratio of 34.2%.