Higher interest expense due to rising interest rates
First written in FY2019. 7 of 14 entries say "Worsened", first in FY2024-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Interest expense increased from ¥706 million to ¥810 million, while ordinary income was ¥11,021 million, up 15.2% from the previous fiscal year, due in part to the recording of foreign exchange gains.」
Interest expense increased from ¥706 million in the previous fiscal year to ¥810 million, increasing the interest burden associated with interest rates and financing. - 2026-05-13WorsenedRevision of earnings forecasts
「支払利息 706 810」
支払利息が前期の706百万円から当期の810百万円へ増加している。 - FY2026-H1WorsenedAnnual report
「Interest expense 303 405」
Interest expense increased from ¥303 million in the same period of the previous fiscal year to ¥405 million, and the interest burden associated with financing continues to be reflected in results. - FY2025WorsenedAnnual report
「Non-operating expenses Interest expense 706」
Interest expense increased from ¥571 million in the previous fiscal year to ¥706 million, and the interest burden associated with financing continued to be reflected in results. - FY2024WorsenedAnnual report
「Ordinary income was ¥8,225 million, down 30.0% from the previous fiscal year, mainly due to increases in interest expense and bond issuance costs.」
The increase in interest expense and bond issuance costs weighed on full-year ordinary income, which fell 30.0% from the previous fiscal year. - FY2024-Q3WorsenedAnnual report
「Ordinary profit was ¥7,269 million, down 30.2% year on year, due mainly to increases in interest expense and bond issuance costs.」
The increase in interest expense and bond issuance costs continued to weigh on ordinary income, with ordinary income down 30.2% year on year. - FY2024-Q2WorsenedAnnual report
「Ordinary profit was ¥4,952 million, down 24.9% year on year, due mainly to increases in interest expense and bond issuance costs.」
Increases in interest expense and bond issuance costs emerged in actual results as factors reducing ordinary profit, which fell 24.9% year on year. - FY2024-Q1MaterialisedAnnual report
「Interest expense 130」
Interest expense was ¥130 million, and the interest burden associated with interest rates and financing emerged in non-operating expenses for the first quarter. - FY2023MitigatedAnnual report
「To reduce these risks, the Group works to maintain financial soundness and optimize financing costs by maintaining an appropriate credit rating, and raises funds through borrowings from financial institutions and bond issuances.」
In addition to its policy centered on fixed-rate bonds and borrowings, the company specified its financing measures by issuing ¥20,000 million of second-series unsecured bonds in April 2023. - FY2022MitigatedAnnual report
「To reduce these risks, the Group negotiates with multiple financial institutions and considers and executes financing on optimal terms. In April 2022, it issued its first unsecured bonds with a pari passu limited agreement among the bonds.」
The company proceeded with measures to address interest rate and financing risks by using fixed-rate bonds and long-term borrowings as its basic approach, arranging financing with multiple financial institutions and issuing unsecured bonds in April 2022. - FY2021RestatedAnnual report
「The company addresses short-term interest rate risk mainly by issuing fixed-rate bonds and taking out long-term borrowings, but rising interest rates increase interest expense and may affect the Group's financial condition and results of operations.」
The company continues its policy of addressing interest rate risk through fixed-rate bonds, long-term borrowings and interest rate swaps. - FY2020-Q3RestatedAnnual report
「The Group finances funds for capital investment and working capital through borrowings from financial institutions and other means. It addresses short-term interest rate risk mainly by issuing fixed-rate bonds and taking out long-term borrowings, but rising interest rates increase interest expense and place pressure on profit, potentially affecting the Group's financial condition and results of operations.」
The company continues to disclose its response centered on fixed-rate bonds and long-term borrowings, as well as the risk that rising interest rates will increase interest expense. - FY2020-Q2RestatedAnnual report
「The company addresses short-term interest rate risk mainly by issuing fixed-rate bonds and taking out long-term borrowings, but rising interest rates increase interest expense and place pressure on profit, potentially affecting the Group's financial condition and results of operations.」
The company continues to disclose its response centered on fixed-rate bonds and long-term borrowings, as well as the risk that rising interest rates will increase interest expense. - FY2019First statedAnnual report
「The Group finances funds for capital investment and working capital through borrowings from financial institutions and other means. It addresses short-term interest rate risk mainly by issuing fixed-rate bonds and taking out long-term borrowings, but rising interest rates increase interest expense and place pressure on profit, potentially affecting the Group's financial condition and results of operations.」
The company newly disclosed the risk that rising interest rates associated with financing through borrowings and bonds will increase interest expense, as well as its response through fixed-rate financing.