Reliance on Interest-Bearing Debt and Financing
First written in FY2017. 11 of 28 entries say "Mitigated", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Cash flows from financing activities during the consolidated fiscal year resulted in a net outflow of ¥1,122.426 million. The main factors were cash inflows of ¥300.000 million from long-term borrowings, more than offset by cash outflows of ¥600.000 million for the repayment of short-term borrowings, ¥489.160 million for the repayment of long-term borrowings, and ¥333.266 million in dividend payments.」
The company raised ¥300 million in long-term borrowings while repaying ¥600 million in short-term borrowings and ¥489.16 million in long-term borrowings. The balance of interest-bearing debt decreased from the end of the previous fiscal year. - FY2026-H1MitigatedAnnual report
「Cash flows from financing activities during the interim consolidated accounting period resulted in a net outflow of ¥589.639 million. The main factors were cash inflows of ¥300.000 million from long-term borrowings, more than offset by cash outflows of ¥300.000 million for the repayment of short-term borrowings, ¥256.498 million for the repayment of long-term borrowings, and ¥333.141 million in dividend payments.」
The Company repaid ¥300 million of short-term borrowings and ¥256.498 million of long-term borrowings, while undertaking ¥300 million of long-term borrowing. Interest-bearing debt comprised ¥800.000 million of short-term borrowings, ¥465.324 million of current maturities of long-term borrowings, and ¥1,707.094 million of long-term borrowings. - FY2025WorsenedAnnual report
「Interest-bearing debt stood at ¥3,228.916 million at the end of the fiscal year.」
Interest-bearing debt increased from ¥3,066.275 million at the end of the previous fiscal year. While the Company received ¥1,000.000 million in proceeds from short-term borrowings, it also proceeded with repayments of long-term borrowings, changing the composition of its borrowings. - FY2025-H1Decline in long-term borrowings and continued short-term borrowingAnnual report
「Proceeds from short-term borrowings ¥200.000 million and proceeds from long-term borrowings ¥100.000 million increased funds, while cash outflows from repayments of long-term borrowings amounted to ¥392.212 million」
The Company raised funds through both short-term and long-term borrowings while proceeding with repayments of long-term borrowings. At the end of the interim accounting period, long-term borrowings had decreased by ¥165.406 million, while short-term borrowings stood at ¥500.000 million. - FY2024Update to borrowing structure and funding policyAnnual report
「Short-term working capital is generally funded primarily with internal funds, with short-term financing obtained from financial institutions. Capital expenditures and long-term working capital are generally funded with long-term borrowings from financial institutions. Interest-bearing debt stood at ¥3,066.275 million at the end of the fiscal year.」
The Company states its policy of funding short-term working capital and capital expenditures and long-term working capital with short-term and long-term borrowings, respectively, and discloses interest-bearing debt of ¥3,066.275 million. - FY2024-Q3WorsenedAnnual report
「Current liabilities stood at ¥3,200.631 million at the end of the third quarter accounting period, up ¥557.630 million (21.1%) from the end of the previous fiscal year. The main factors were a ¥456.972 million decrease in income taxes payable and a ¥900.000 million increase in short-term borrowings.」「Non-current liabilities stood at ¥2,739.483 million at the end of the third quarter accounting period, up ¥227.887 million (9.1%) from the end of the previous fiscal year. The main factor was a ¥197.038 million increase in long-term borrowings.」
Short-term borrowings increased by ¥900.000 million and long-term borrowings by ¥197.038 million, with both current and non-current liabilities increasing from the end of the previous fiscal year. Dependence on interest-bearing debt expanded during the third quarter. - FY2024-Q2Increase in short-term borrowings and decrease in long-term borrowingsAnnual report
「The main factors were a ¥299.264 million decrease in income taxes payable and a ¥146.554 million decrease in contract liabilities included in other liabilities, partly offset by a ¥700.000 million increase in short-term borrowings.」「The main factor was a ¥281.096 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥700.000 million, while long-term borrowings decreased by ¥281.096 million, changing the composition of interest-bearing debt. - FY2024-Q1MitigatedAnnual report
「(Non-current liabilities) Non-current liabilities stood at ¥2,370.462 million at the end of the first quarter accounting period, down ¥141.133 million (5.6%) from the end of the previous fiscal year. The main factor was a ¥148.980 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥148.980 million, and non-current liabilities also declined by 5.6% from the end of the previous fiscal year. - FY2023MitigatedAnnual report
「(Non-current liabilities) Non-current liabilities stood at ¥2,511.595 million at the end of the fiscal year, down ¥813.629 million (24.5%) from the end of the previous fiscal year. The main factor was a ¥953.931 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥953.931 million and non-current liabilities also declined by 24.5%, marking a shift from the increased dependence on borrowings seen through the previous fiscal year toward reduced dependence. - FY2023-Q3WorsenedAnnual report
「The main factors were a ¥193.464 million increase in current maturities of long-term borrowings, partly offset by a ¥366.996 million decrease in income taxes payable. (Non-current liabilities) Non-current liabilities stood at ¥3,455.761 million at the end of the third quarter accounting period, up ¥130.535 million (3.9%) from the end of the previous fiscal year. The main factor was a ¥100.684 million increase in long-term borrowings.」
Both current maturities of long-term borrowings and long-term borrowings increased from the end of the previous fiscal year, expanding dependence on borrowings during the quarter. - FY2023-Q2WorsenedAnnual report
「The main factors were a ¥137.780 million decrease in trade payables, partly offset by a ¥350.000 million increase in short-term borrowings and a ¥222.686 million increase in current maturities of long-term borrowings.」「The main factor was a ¥264.232 million increase in long-term borrowings.」
At the end of the second quarter, short-term borrowings, current maturities of long-term borrowings and long-term borrowings had all increased from the end of the previous fiscal year, expanding dependence on interest-bearing debt during the quarter. - FY2023-Q1WorsenedAnnual report
「(Current liabilities) Current liabilities stood at ¥3,638.757 million at the end of the first quarter accounting period, up ¥1,124.126 million (44.7%) from the end of the previous fiscal year. The main factor was a ¥1,250.000 million increase in short-term borrowings. (Non-current liabilities) Non-current liabilities stood at ¥3,348.536 million at the end of the first quarter accounting period, up ¥23.310 million (0.7%) from the end of the previous fiscal year. The main factor was a ¥15.784 million increase in long-term borrowings.」
Short-term borrowings increased by ¥1,250.000 million and long-term borrowings by ¥15.784 million from the end of the previous fiscal year, resulting in increases in both current and non-current liabilities. - FY2022MitigatedAnnual report
「The company's interest-bearing debt ratio was 42.2% as of the end of June 2021 and 32.7% as of the end of June 2022.」
Dependence on interest-bearing debt declined from 42.2% to 32.7%. However, the Company continues to disclose borrowings for mold investments and other purposes, as well as funding risks. - FY2022-Q3WorsenedAnnual report
「(Non-current liabilities) Non-current liabilities stood at ¥3,427.634 million at the end of the third quarter accounting period, up ¥128.028 million (3.9%) from the end of the previous fiscal year. The main factor was a ¥105.491 million increase in long-term borrowings.」
Long-term borrowings increased by ¥105.491 million from the end of the previous fiscal year, and non-current liabilities also increased by 3.9%. Dependence on interest-bearing debt expanded during the quarter. - FY2022-Q2WorsenedAnnual report
「(Non-current liabilities) Non-current liabilities stood at ¥3,543.423 million at the end of the second quarter accounting period, up ¥243.817 million (7.4%) from the end of the previous fiscal year. The main factor was a ¥231.426 million increase in long-term borrowings.」
Long-term borrowings increased by ¥231.426 million, and non-current liabilities also increased by 7.4% from the end of the previous fiscal year. Financing activities also included ¥600.000 million in proceeds from long-term borrowings. - FY2022-Q1WorsenedAnnual report
「(Current liabilities) Current liabilities stood at ¥2,757.941 million at the end of the first quarter accounting period, up ¥830.715 million (43.1%) from the end of the previous fiscal year. The main factor was an ¥800.000 million increase in short-term borrowings.」
Short-term borrowings increased by ¥800.000 million, expanding dependence on current liabilities and interest-bearing debt during the quarter. Long-term borrowings decreased by ¥75.919 million. - FY2021MitigatedAnnual report
「The company's interest-bearing debt ratio was 49.1% as of the end of June 2020 and 42.2% as of the end of June 2021.」
The Company states that dependence on interest-bearing debt declined from 49.1% to 42.2% and that long-term borrowings decreased by ¥178.751 million. - FY2021-Q3Increase in short-term borrowings and decrease in long-term borrowingsAnnual report
「(Current liabilities) Current liabilities stood at ¥1,879.901 million at the end of the third quarter accounting period, up ¥342.403 million (22.3%) from the end of the previous fiscal year. The main factors were a ¥100.000 million increase in short-term borrowings and a ¥204.617 million increase in income taxes payable. (Non-current liabilities) Non-current liabilities stood at ¥3,375.588 million at the end of the third quarter accounting period, down ¥85.376 million (2.5%) from the end of the previous fiscal year. The main factor was a ¥97.250 million decrease in long-term borrowings.」
The position changed from both short-term and long-term borrowings declining in the second quarter to short-term borrowings increasing by ¥100 million and long-term borrowings declining by ¥97.250 million. - FY2021-Q2Both short-term and long-term borrowings decreasedAnnual report
「The main factors were a ¥100.000 million decrease in short-term borrowings, partly offset by a ¥91.267 million increase in income taxes payable and a ¥28.873 million increase in accounts payable included in other liabilities.」「The main factor was a ¥13.000 million decrease in long-term borrowings.」
The pattern seen in the first quarter, of declining short-term borrowings and increasing long-term borrowings, changed, with both short-term and long-term borrowings declining at the end of the second quarter. - FY2021-Q1Concurrent decline in short-term borrowings and increase in long-term borrowingsAnnual report
「(Current liabilities) Current liabilities stood at ¥1,262.006 million at the end of the first quarter accounting period, down ¥275.491 million (17.9%) from the end of the previous fiscal year. The main factor was a ¥300.000 million decrease in short-term borrowings. (Non-current liabilities) Non-current liabilities stood at ¥3,538.136 million at the end of the first quarter accounting period, up ¥77.172 million (2.2%) from the end of the previous fiscal year. The main factor was a ¥71.250 million increase in long-term borrowings.」
Short-term borrowings decreased by ¥300 million, while long-term borrowings increased by ¥71.25 million, changing the composition of interest-bearing debt. - FY2020WorsenedAnnual report
「The company's interest-bearing debt ratio was 47.0% as of the end of June 2019 and 49.1% as of the end of June 2020.」
Dependence on interest-bearing debt increased from 47.0% to 49.1%. Long-term borrowings also increased by ¥206.424 million as the Company raised working capital in response to the spread of COVID-19. - FY2020-Q3WorsenedAnnual report
「(Non-current liabilities) Non-current liabilities stood at ¥3,374.289 million at the end of the third quarter accounting period, up ¥147.549 million (4.6%) from the end of the previous fiscal year. The main factor was a ¥126.654 million increase in long-term borrowings.」
The previous trend of declining long-term borrowings and interest-bearing debt reversed, with both long-term borrowings and non-current liabilities increasing. - FY2020-Q2MitigatedAnnual report
「(Non-current liabilities) Non-current liabilities stood at ¥3,117.819 million at the end of the second quarter accounting period, down ¥108.920 million (3.4%) from the end of the previous fiscal year. The main factor was a ¥122.940 million decrease in long-term borrowings.」
The Company states that long-term borrowings decreased by ¥122.940 million and non-current liabilities also declined by ¥108.920 million from the end of the previous fiscal year. Short-term borrowings, however, increased by ¥100.000 million. - FY2020-Q1MitigatedAnnual report
「(Non-current liabilities) Non-current liabilities stood at ¥3,154.750 million at the end of the first quarter accounting period, down ¥71.989 million (2.2%) from the end of the previous fiscal year. The main factor was a ¥79.953 million decrease in long-term borrowings.」
The Company states that long-term borrowings decreased by ¥79.953 million and that non-current liabilities also declined from the end of the previous fiscal year. - FY2019MitigatedAnnual report
「The company's interest-bearing debt ratio was 47.1% as of the end of June 2018 and 47.0% as of the end of June 2019.」
Dependence on interest-bearing debt declined slightly from 47.1% to 47.0%. The Company also identifies the decrease in long-term borrowings as a factor behind the decline in non-current liabilities. - FY2019-Q3MitigatedAnnual report
「The main factors were increases of ¥5.892 million in the provision for retirement benefits and ¥7.375 million in the provision for directors' retirement benefits, partly offset by a ¥52.381 million decrease in long-term borrowings.」
The Company identifies the ¥52.381 million decrease in long-term borrowings as the main factor behind the decline in non-current liabilities, and the reduction in dependence on interest-bearing debt continues. - FY2018MitigatedAnnual report
「The company's interest-bearing debt ratio was 56.5% as of the end of June 2017 and 47.1% as of the end of June 2018.」
The Company states that its dependence on interest-bearing debt declined from 56.5% to 47.1%. - FY2017First statedAnnual report
「The company's interest-bearing debt ratio was 61.8% as of the end of June 2016 and 56.5% as of the end of June 2017.」
The Company discloses its use of borrowings to fund investments in molds and the construction of its own buildings, as well as the impact of interest rates and an inability to raise funds.