Interest-Bearing Debt and Interest-Rate Fluctuations
First written in FY2018. 15 of 30 entries say "Worsened", first in FY2019-Q2. Latest entry: 2026-10-14.
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
- FY2026-H1WorsenedAnnual report
「Total current liabilities at the end of the interim accounting period increased by ¥224.137 million from the end of the previous fiscal year to ¥2,719.183 million. The main reasons were decreases of ¥139.151 million in accounts payable and ¥140.504 million in long-term borrowings due within one year, and an increase of ¥620.856 million in short-term borrowings, among other factors.」
Short-term borrowings increased by ¥620.856 million, while current liabilities also increased by ¥224.137 million. Although the short-term borrowing burden underlying interest-bearing debt dependence expanded, the equity ratio rose to 55.9%. - FY2025MitigatedAnnual report
「The ratio of interest-bearing debt to total assets, or the interest-bearing debt dependency ratio, was 15.2% at the end of the fiscal year ended August 2025.」
The interest-bearing debt dependency ratio declined from 25.4% in the previous fiscal year to 15.2%. Long-term borrowings also decreased by ¥333.688 million from the end of the previous fiscal year, reducing the financial burden. - FY2025-H1MitigatedAnnual report
「As a result, the equity ratio was 54.4%, up 1.7 percentage points from the end of the previous fiscal year.」
Long-term borrowings decreased by ¥152.357 million from the end of the previous fiscal year, while the equity ratio rose from 52.7% to 54.4%. The financial burden underlying interest-bearing debt and interest rate fluctuation risk is declining. - FY2024MitigatedAnnual report
「The ratio of interest-bearing debt to total assets, or the interest-bearing debt dependency ratio, was 25.4% at the end of the fiscal year ended August 2024.」
The Company disclosed an interest-bearing debt dependency ratio of 25.4%, while the equity ratio also reached 52.7%. Long-term borrowings decreased by ¥211.289 million from the end of the previous fiscal year. - FY2024-Q3MitigatedAnnual report
「The main reasons were decreases of ¥151.000 million in accrued income taxes and ¥76.080 million in short-term borrowings, among other factors.」「The main reasons were decreases of ¥78.276 million in property, plant and equipment and ¥65.525 million in intangible assets, among other factors.」
Short-term borrowings decreased by ¥76.080 million, while long-term borrowings also decreased by ¥86.795 million from the end of the previous fiscal year. The equity ratio rose from 48.9% to 53.0%. - FY2024-Q2MitigatedAnnual report
「Total current liabilities at the end of the second quarter decreased by ¥184.701 million from the end of the previous fiscal year to ¥2,275.846 million. The main reason was a ¥173.580 million decrease in short-term borrowings, among other factors.」
Short-term borrowings decreased by ¥173.580 million, reducing current liabilities. The equity ratio rose 1.8 percentage points from the end of the previous fiscal year to 50.7%, reducing borrowing-related risk. - FY2024-Q1MitigatedAnnual report
「As a result, the equity ratio was 50.8%, up 1.9 percentage points from the end of the previous fiscal year.」
Short-term borrowings increased by ¥91.790 million, while long-term borrowings decreased by ¥145.083 million, and the equity ratio rose from 48.9% to 50.8%. - FY2023-Q3MitigatedAnnual report
「Total non-current liabilities at the end of the third quarter decreased by ¥166.177 million from the end of the previous fiscal year to ¥1,470.561 million. The main reason was a ¥156.681 million decrease in long-term borrowings, among other factors. As a result, the equity ratio was 47.9%, up 2.6 percentage points from the end of the previous fiscal year.」
Long-term borrowings and non-current liabilities decreased, and the equity ratio also increased, reducing borrowing-related risk from the end of the previous fiscal year. - FY2023-Q2Changes in Debt Composition and Higher Equity RatioAnnual report
「Total current liabilities at the end of the second quarter increased by ¥157.518 million from the end of the previous fiscal year to ¥2,595.641 million. The main reason was an increase of ¥200.000 million in short-term borrowings, among other factors.」
Short-term borrowings increased by ¥200.000 million, while non-current liabilities decreased by ¥278.750 million and long-term borrowings decreased by ¥268.734 million. The equity ratio rose 1.3 percentage points from the end of the previous fiscal year to 46.6%. - FY2023-Q1WorsenedAnnual report
「Total current liabilities at the end of the first quarter increased by ¥298.421 million from the end of the previous fiscal year to ¥2,736.544 million. The main reason was an increase of ¥400.000 million in short-term borrowings, among other factors.」
Short-term borrowings increased by ¥400.000 million, expanding current liabilities. Meanwhile, long-term borrowings decreased by ¥134.367 million, and the equity ratio fell by 0.5 percentage points to 44.8%. - FY2022WorsenedAnnual report
「The ratio of interest-bearing debt to total assets, or the interest-bearing debt dependency ratio, was 32.9% at the end of the fiscal year ended August 2022.」
The interest-bearing debt dependency ratio rose from 30.9% at the end of the previous fiscal year to 32.9%. The Company disclosed the procurement of ¥600.000 million in short-term borrowings and ¥500.000 million in long-term borrowings. - FY2022-Q3WorsenedAnnual report
「Total current liabilities at the end of the third quarter increased by ¥553.129 million from the end of the previous fiscal year to ¥2,403.063 million. The main reasons were increases of ¥600.000 million in short-term borrowings and ¥84.279 million in accrued income taxes, as well as a ¥62.027 million decrease in other liabilities, among other factors. As a result, the equity ratio was 44.0%, down 1.2 percentage points from the end of the previous fiscal year.」
Short-term borrowings increased by ¥600.000 million, while the equity ratio declined from 45.2% to 44.0%, increasing the financial burden underlying interest-bearing debt and interest rate fluctuation risk. - FY2022-Q2Higher Long-Term Debt and Improved Equity RatioAnnual report
「Total non-current liabilities at the end of the second quarter increased by ¥83.518 million from the end of the previous fiscal year to ¥1,904.490 million. The main reason was an increase of ¥90.626 million in long-term borrowings, among other factors.」
Long-term borrowings increased by ¥90.626 million, while the equity ratio rose to 45.3%, up 0.1 percentage points from the end of the previous fiscal year. - FY2021MitigatedAnnual report
「The Company therefore funds capital expenditures through internal funds and borrowings from financial institutions. The ratio of interest-bearing debt to total assets, or the interest-bearing debt dependency ratio, was 30.9% at the end of the fiscal year ended August 2021.」
The interest-bearing debt dependency ratio declined from 43.4% in the previous fiscal year to 30.9%. The Company repaid ¥750.000 million in short-term borrowings, and long-term borrowings also decreased as a result of repayments. - FY2021-Q4MitigatedAnnual report
「Total non-current liabilities at the end of the third quarter decreased by ¥386.234 million from the end of the previous fiscal year to ¥1,858.726 million. The main reason was a ¥383.648 million decrease in long-term borrowings, among other factors.」
Long-term borrowings and non-current liabilities decreased, while the equity ratio rose to 44.8%, up 8.0 percentage points from the end of the previous fiscal year. The borrowing burden is contracting further. - FY2021-Q3MitigatedAnnual report
「Total non-current liabilities at the end of the second quarter decreased by ¥215.598 million from the end of the previous fiscal year to ¥2,029.362 million. The main reason was a ¥215.768 million decrease in long-term borrowings, among other factors.」
Long-term borrowings and non-current liabilities decreased from the end of the previous fiscal year, further reducing the borrowing burden. The equity ratio was 42.6%, up 5.8 percentage points from the end of the previous fiscal year. - FY2021-Q2MitigatedAnnual report
「Total current liabilities at the end of the first quarter decreased by ¥963.028 million from the end of the previous fiscal year to ¥2,002.781 million. The main reasons were the ¥750.000 million repayment of short-term borrowings raised in May 2020 because of the possibility of cash outflows resulting from the impact of COVID-19, and a ¥131.070 million decrease in long-term borrowings due within one year that were repaid in accordance with their terms, among other factors.」
The Company repaid the ¥750.000 million in short-term borrowings raised as an emergency measure, while long-term borrowings due within one year also decreased by ¥131.070 million. The equity ratio was 42.2%, up 5.4 percentage points from the end of the previous fiscal year. - FY2020WorsenedAnnual report
「The ratio of interest-bearing debt to total assets, or the interest-bearing debt dependency ratio, was 43.4% at the end of the fiscal year ended October 2020.」
The interest-bearing debt dependency ratio rose from 39.1% in the previous fiscal year to 43.4%. Total borrowings amounted to ¥3,579.276 million, including ¥750.000 million in short-term borrowings. - FY2020-Q4WorsenedAnnual report
「Total current liabilities at the end of the third quarter increased by ¥826.412 million from the end of the previous fiscal year to ¥2,882.720 million. The main reasons were increases of ¥750.000 million in short-term borrowings and ¥101.938 million in long-term borrowings due within one year, among other factors. As a result, the equity ratio was 36.1%, down 6.0 percentage points from the end of the previous fiscal year.」
Short-term borrowings and long-term borrowings due within one year increased, while the equity ratio also declined, increasing the financial burden underlying interest-bearing debt and interest rate fluctuation risk. - FY2020-Q3WorsenedAnnual report
「In response to the decline in sales caused by the spread of COVID-19, the Company resolved at a board of directors meeting held on 14 May 2020 to borrow from financial institutions, up to a maximum of ¥2 billion, to secure working capital and other funds for the time being, and raised funds through short-term and long-term borrowings as described below.」
During the quarter, long-term borrowings decreased by ¥462.912 million. After the reporting date, however, the Company resolved to borrow up to ¥2 billion in response to the decline in sales caused by the spread of COVID-19, and actually raised a total of ¥1.465 billion from multiple financial institutions. - FY2020-Q2MitigatedAnnual report
「The main reason was a decrease of ¥238.206 million in long-term borrowings, among other factors.」
Long-term borrowings decreased by ¥238.206 million from the end of the previous fiscal year, while the equity ratio increased by 1.0 percentage point to 43.2%. The borrowing balance underlying interest-bearing debt and interest rate fluctuation risk is contracting. - FY2019WorsenedAnnual report
「The ratio of interest-bearing debt to total assets, or the interest-bearing debt dependency ratio, was 39.1% at the end of the fiscal year ended October 2019.」
The interest-bearing debt dependency ratio rose from 23.3% in the previous fiscal year to 39.1%. Long-term borrowings amounted to ¥2,077.529 million, or ¥3,030.353 million including the portion of long-term borrowings due within one year. - FY2019-Q4WorsenedAnnual report
「Total non-current liabilities at the end of the third quarter increased by ¥747.307 million from the end of the previous fiscal year to ¥1,960.091 million. The main reason was an increase of ¥721.102 million in long-term borrowings, among other factors.」
Long-term borrowings and non-current liabilities increased further from the end of the previous fiscal year, while the equity ratio also declined by 5.8 percentage points to 47.7%. The borrowing balance underlying interest-bearing debt and interest rate fluctuation risk increased. - FY2019-Q3WorsenedAnnual report
「Total non-current liabilities at the end of the second quarter increased by ¥950.819 million from the end of the previous fiscal year to ¥2,163.603 million. The main reason was an increase of ¥930.739 million in long-term borrowings, among other factors.」
Long-term borrowings increased by ¥930.739 million from the end of the previous fiscal year, and non-current liabilities also expanded. The borrowing balance underlying interest-bearing debt and interest rate fluctuation risk increased further. - FY2019-Q2WorsenedAnnual report
「Total non-current liabilities at the end of the first quarter increased by ¥440.253 million from the end of the previous fiscal year to ¥1,653.037 million. The main reason was an increase of ¥435.606 million in long-term borrowings, among other factors.」
Long-term borrowings increased by ¥435.606 million from the end of the previous fiscal year, while the equity ratio also declined by 6.0 percentage points. The borrowing balance underlying interest rate fluctuation risk increased. - FY2018First statedAnnual report
「We will work to strengthen shareholders’ equity and improve our financial position. However, if interest rates fluctuate in the future, our results and financial condition could be affected.」
The interest-bearing debt dependency ratio was 23.3% at the end of the fiscal year ended October 2018.