Reliance on Interest-Bearing Debt and Interest Rate Movements Associated with Growth Investment
First written in FY2016. 12 of 32 entries say "Mitigated", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2017: 28 of 107 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「At the end of the fiscal year, interest-bearing debt, including borrowings and lease obligations, stood at ¥4,664 million, and the interest-bearing debt ratio was 22.0%.」
The interest-bearing debt ratio rose from 13.1% at the end of the previous fiscal year to 22.0%, while interest-bearing debt stood at ¥4,664 million. - 2026-05-14WorsenedEarnings
「長期借入金（１年内返済予定を含む）、リース債務（流動負債及び固定負債）及び繰延税金負債がそれぞれ増加したことなどにより、自己資本比率は60.2％（前連結会計年度末は63.0％）となりました。」
長期借入金等の増加により自己資本比率が63.0％から60.2％へ低下した。 - FY2026-H1MitigatedAnnual report
「As of the end of the interim consolidated accounting period, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,425 million, and reliance on interest-bearing debt was 21.3%.」
Although the interest-bearing debt ratio rose from 13.1% at the end of the previous fiscal year, it fell from 21.7% in the previous interim period to 21.3%. - FY2025-H1WorsenedAnnual report
「As of the end of the interim accounting period, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,317 million, and reliance on interest-bearing debt was 21.7%.」
Reliance on interest-bearing debt increased from 13.1% at the end of the previous fiscal year to 21.7%, and the balance of interest-bearing debt was ¥4,317 million. - FY2024MitigatedAnnual report
「As of the end of the fiscal year, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥2,365 million, and reliance on interest-bearing debt was 13.1%.」
Reliance on interest-bearing debt declined from 15.9% at the end of the previous fiscal year to 13.1%, while the balance of interest-bearing debt was ¥2,365 million. - FY2024-Q3Reliance on interest-bearing debt increased both quarter on quarter and compared with the end of the previous fiscal yearAnnual report
「As of the end of the third quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,027 million, and reliance on interest-bearing debt was 16.8%.」
Reliance on interest-bearing debt increased from 16.6% at the end of the previous quarter to 16.8%, also exceeding 15.9% at the end of the previous fiscal year. The balance of interest-bearing debt was ¥3,027 million. - FY2024-Q2Reliance on interest-bearing debt declined quarter on quarter but increased compared with the end of the previous fiscal yearAnnual report
「As of the end of the second quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,089 million, and reliance on interest-bearing debt was 16.6%.」
Reliance on interest-bearing debt declined from 19.1% at the end of the first quarter to 16.6%, but remained above 15.9% at the end of the previous fiscal year. The balance of interest-bearing debt was ¥3,089 million. - FY2024-Q1WorsenedAnnual report
「As of the end of the first quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,512 million, and reliance on interest-bearing debt was 19.1%.」
Reliance on interest-bearing debt increased from 15.9% at the end of the previous fiscal year to 19.1%, and the balance of interest-bearing debt was ¥3,512 million. - FY2023MitigatedAnnual report
「As of the end of the fiscal year, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥2,902 million, and reliance on interest-bearing debt was 15.9%.」
Reliance on interest-bearing debt declined from 23.8% at the end of the previous fiscal year to 15.9%, while the balance of interest-bearing debt was ¥2,902 million. - FY2023-Q3MitigatedAnnual report
「As of the end of the third quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,495 million, and reliance on interest-bearing debt was 19.3%.」
Reliance on interest-bearing debt declined from 23.8% at the end of the previous fiscal year and 19.9% at the end of the second quarter of the previous fiscal year to 19.3%, while the balance of interest-bearing debt was ¥3,495 million. - FY2023-Q2MitigatedAnnual report
「As of the end of the second quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,639 million, and reliance on interest-bearing debt was 19.9%.」
Reliance on interest-bearing debt declined from 23.8% at the end of the previous fiscal year to 19.9%, and the balance of interest-bearing debt was ¥3,639 million. - FY2023-Q1MitigatedAnnual report
「As of the end of the first quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,233 million, and reliance on interest-bearing debt was 23.1%.」
Reliance on interest-bearing debt declined from 23.8% at the end of the previous fiscal year to 23.1%. - FY2022WorsenedAnnual report
「As of the end of the consolidated fiscal year, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,378 million, and reliance on interest-bearing debt was 23.8%.」
Reliance on interest-bearing debt increased from 20.7% at the end of the previous fiscal year to 23.8%, and the balance of borrowings and other interest-bearing debt was ¥4,378 million. - FY2022-Q3WorsenedAnnual report
「As of the end of the third quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,294 million, and reliance on interest-bearing debt was 24.1%.」
Reliance on interest-bearing debt increased from 23.1% at the end of the second quarter of the previous fiscal year to 24.1%, also exceeding 20.7% at the end of the previous consolidated fiscal year. - FY2022-Q2Reliance on interest-bearing debt declined quarter on quarter but increased compared with the end of the previous fiscal yearAnnual report
「As of the end of the second quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,046 million, and reliance on interest-bearing debt was 23.1%.」
Reliance on interest-bearing debt declined from 24.1% at the end of the first quarter to 23.1%, but remained above 20.7% at the end of the previous consolidated fiscal year. - FY2022-Q1WorsenedAnnual report
「As of the end of the first quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,288 million, and reliance on interest-bearing debt was 24.1%.」
Reliance on interest-bearing debt increased from 20.7% at the end of the previous consolidated fiscal year to 24.1%, and the balance of interest-bearing debt was ¥4,288 million. - FY2021Disclosed full-year reliance on interest-bearing debtAnnual report
「As of the end of the consolidated fiscal year, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,676 million, and reliance on interest-bearing debt was 20.7%.」
Reliance on interest-bearing debt exceeded 17.3% at the end of the previous fiscal year but declined from 22.8% at the end of the third quarter. - FY2021-Q3Reliance on interest-bearing debt declined quarter on quarter but increased compared with the end of the previous fiscal yearAnnual report
「As of the end of the third quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,992 million, and reliance on interest-bearing debt was 22.8%.」
Reliance on interest-bearing debt declined from 27.3% at the end of the second quarter to 22.8%, but remained above 17.3% at the end of the previous consolidated fiscal year. - FY2021-Q2Reliance on interest-bearing debt declined quarter on quarter but increased compared with the end of the previous fiscal yearAnnual report
「As of the end of the second quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,858 million, and reliance on interest-bearing debt was 27.3%.」
Reliance on interest-bearing debt declined from 34.2% at the end of the first quarter to 27.3%, but remained above 17.3% at the end of the previous consolidated fiscal year. - FY2021-Q1WorsenedAnnual report
「As of the end of the first quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥6,133 million, and reliance on interest-bearing debt was 34.2%.」
Reliance on interest-bearing debt increased from 17.3% at the end of the previous fiscal year to 34.2%, and the balance of interest-bearing debt was ¥6,133 million. - FY2020-Q3WorsenedAnnual report
「As of the end of the third quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,508 million, and reliance on interest-bearing debt was 26.5%.」
Reliance on interest-bearing debt increased from 25.1% at the end of the second quarter to 26.5%, while the balance of interest-bearing debt was ¥4,508 million. - FY2020-Q2WorsenedAnnual report
「As of the end of the second quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,420 million, and reliance on interest-bearing debt was 25.1%.」
Reliance on interest-bearing debt increased from 21.7% at the end of the first quarter to 25.1%, while the balance of interest-bearing debt was ¥4,420 million. - FY2020-Q1WorsenedAnnual report
「As of the end of the first quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,696 million, and reliance on interest-bearing debt was 21.7%.」
Reliance on interest-bearing debt increased from 17.3% at the end of the previous fiscal year to 21.7%. - FY2019MitigatedAnnual report
「As of the end of the fiscal year, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥2,769 million, and reliance on interest-bearing debt was 17.3%.」
Reliance on interest-bearing debt declined from 21.2% at the end of the previous fiscal year and 20.9% at the end of the third quarter to 17.3%, while the balance of interest-bearing debt was ¥2,769 million. - FY2019-Q3Reliance on interest-bearing debt increased quarter on quarterAnnual report
「As of the end of the third quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,446 million, and reliance on interest-bearing debt was 20.9%.」
Reliance on interest-bearing debt increased from 20.6% at the end of the second quarter to 20.9%, but remained below 21.2% at the end of the previous fiscal year. - FY2019-Q2MitigatedAnnual report
「As of the end of the second quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥3,482 million, and reliance on interest-bearing debt was 20.6%.」
Reliance on interest-bearing debt declined from 21.2% at the end of the previous fiscal year and 23.6% at the end of the first quarter of the previous fiscal year to 20.6%. - FY2019-Q1WorsenedAnnual report
「As of the end of the first quarter, the balance of interest-bearing debt, including borrowings and lease obligations, was ¥4,181 million, and reliance on interest-bearing debt was 23.6%.」
Reliance on interest-bearing debt increased from 21.2% at the end of the previous fiscal year to 23.6%, and the balance of interest-bearing debt was ¥4,181 million. - FY2018MitigatedAnnual report
「Reliance on interest-bearing debt (%) 29.9 26.9 21.2」
Reliance on interest-bearing debt declined from 29.9% to 26.9% and 21.2%, while interest expenses also decreased from ¥63 million to ¥49 million and ¥35 million. - FY2018-Q3MitigatedAnnual report
「Although other fixed liabilities increased, fixed liabilities decreased by ¥1,186 million from the end of the previous fiscal year to ¥2,791 million, mainly due to decreases in long-term borrowings, the provision for directors’ retirement benefits, and asset retirement obligations.」
Fixed liabilities decreased by ¥1,186 million year on year, mainly due to the decline in long-term borrowings, indicating reduced exposure to borrowing dependence and interest rate fluctuation risks. - FY2018-Q2MitigatedAnnual report
「Cash used in financing activities was ¥889 million, an increase of ¥688 million from the same period of the previous year. This was mainly due to outflows of ¥758 million for the repayment of long-term borrowings, ¥70 million for the repayment of lease obligations, and ¥67 million for dividend payments.」
¥758 million was allocated to the repayment of long-term borrowings, and the balance of long-term borrowings declined from ¥3,090 million at the end of the previous fiscal year to ¥2,410 million. - FY2017MitigatedAnnual report
「Reliance on interest-bearing debt (%) 29.3 29.9 26.9」
Reliance on interest-bearing debt declined from 29.9% for the fiscal year ended March 2016 to 26.9% for the fiscal year ended March 2017, while interest expenses also decreased from ¥63 million to ¥49 million. - FY2016First statedAnnual report
「The Company’s reliance on interest-bearing debt has increased in recent years as investment to support growth has expanded, and fluctuations in interest rates may affect the Company’s operating results and financial position.」
Reliance on interest-bearing debt was stated as 24.3% for the fiscal year ended March 2014, 29.3% for the fiscal year ended March 2015, and 29.9% for the fiscal year ended March 2016.