Strengthening the Financial Position and Reducing Interest-Bearing Debt
First written in FY2017. 15 of 37 entries say "Mitigated", first in FY2021. Latest entry: FY2027-H1.
The whole theme swung hardest in 2026: 2 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Liabilities were similarly affected, and notes and accounts payable-trade decreased by ¥873.0 million. In addition, long-term borrowings decreased by ¥712.8 million due to repayments and other factors, resulting in a ¥2,065.4 million decrease from the end of the previous consolidated fiscal year to ¥16,733.0 million.」
The company reduced long-term borrowings by ¥712.8 million through repayments, while total liabilities also decreased by ¥2,065.4 million from the end of the previous consolidated fiscal year. - FY2026MitigatedAnnual report
「The ratio of interest-bearing debt to consolidated total assets was 10.6% as of 28 February 2026. The Group aims to strengthen its financial position by reducing borrowings and through other measures, while also seeking to reduce interest rate risk by raising funds at fixed interest rates.」
The ratio of interest-bearing debt declined from 19.1% to 10.6%, and repayment of short-term and long-term borrowings also progressed. - FY2026-H1MitigatedAnnual report
「Liabilities increased by ¥2,181.8 million from the end of the previous consolidated fiscal year to ¥21,559.8 million. The main factor was an increase of ¥2,648.3 million in notes and accounts payable, due in part to the end of the current interim consolidated accounting period coinciding with a holiday for financial institutions. Meanwhile, short-term borrowings decreased by ¥395.0 million and long-term borrowings by ¥1,027.3 million.」
Although total liabilities increased due to higher accounts payable, short-term borrowings of ¥395.0 million and long-term borrowings of ¥1,027.3 million were reduced. - FY2025-Q1MitigatedAnnual report
「Liabilities decreased by ¥535.1 million from the end of the previous consolidated fiscal year to ¥20,625.3 million. The main factors were decreases of ¥163.8 million in short-term borrowings and ¥476.0 million in long-term borrowings.」
Short-term borrowings, long-term borrowings and total liabilities all decreased from the end of the previous consolidated fiscal year, and the reduction of liabilities that had increased following the integration continued. - FY2024MitigatedAnnual report
「Liabilities decreased by ¥1,032.5 million from the end of the previous consolidated fiscal year to ¥21,160.5 million. The main factors were decreases of ¥820.3 million in long-term borrowings, including borrowings due within one year, and ¥281.5 million in income taxes payable.」
Liabilities, including long-term borrowings, decreased by ¥1,032.5 million from the end of the previous fiscal year, and debt reduction progressed following the integration. - FY2024-Q3MitigatedAnnual report
「Liabilities decreased by ¥1,196 million from the end of the previous consolidated fiscal year to ¥220,734 million. The main reasons for the decrease were decreases of ¥4,919 million in short-term borrowings and ¥3,553 million in long-term borrowings.」
Among the liabilities that had increased following the integration, short-term borrowings decreased by ¥4,919 million and long-term borrowings by ¥3,553 million, while total liabilities also decreased by ¥1,196 million from the end of the previous consolidated fiscal year. - FY2024-Q2MitigatedAnnual report
「Liabilities decreased by ¥5,110 million from the end of the previous consolidated fiscal year to ¥216,819 million. The main reasons for the decrease were decreases of ¥5,342 million in short-term borrowings, ¥2,687 million in income taxes payable and ¥5,276 million in long-term borrowings. Meanwhile, trade notes and accounts payable increased by ¥8,401 million.」
Among the liabilities that had increased following the integration, short-term borrowings decreased by ¥5,342 million and long-term borrowings by ¥5,276 million, while total liabilities also decreased by ¥5,110 million from the end of the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「Liabilities decreased by ¥1,300 million from the end of the previous consolidated fiscal year to ¥220,629 million. The main reasons for the decrease were decreases of ¥3,357 million in short-term borrowings, ¥3,527 million in income taxes payable and ¥3,205 million in long-term borrowings.」
Among the liabilities that had increased following the integration, short-term borrowings decreased by ¥3,357 million and long-term borrowings by ¥3,205 million, while total liabilities also decreased by ¥1,300 million. - FY2023Continued increase in liabilities and repayments following the integrationAnnual report
「Liabilities increased by ¥142,294 million from the end of the previous consolidated fiscal year to ¥221,930 million. The main reasons for the increase were increases of ¥38,461 million in trade notes and accounts payable and ¥54,390 million in long-term borrowings, including current maturities.」
While liabilities and long-term borrowings increased substantially because of the expansion of the scope of consolidation following the business integration, the company also repaid ¥28,283 million in long-term borrowings. - FY2023-Q3Continued increase in liabilities following the integrationAnnual report
「Liabilities increased by ¥156,389 million from the end of the previous consolidated fiscal year to ¥236,026 million. The main reasons for the increase were increases of ¥44,943 million in trade notes and accounts payable, ¥22,031 million in short-term borrowings and ¥39,162 million in long-term borrowings.」
The expansion of the scope of consolidation following the integration increased total liabilities by ¥156,389 million from the end of the previous fiscal year, while short- and long-term borrowings also increased. - FY2023-Q2Continued increase in liabilities following the integrationAnnual report
「Liabilities increased by ¥146,363 million from the end of the previous consolidated fiscal year to ¥225,999 million. The main reasons for the increase were increases of ¥45,740 million in trade notes and accounts payable, ¥22,603 million in short-term borrowings and ¥33,220 million in long-term borrowings.」
The expansion of the scope of consolidation due to the business integration increased total liabilities by ¥146,363 million from the end of the previous fiscal year. Short- and long-term borrowings also continued to increase. - FY2023-Q1MitigatedAnnual report
「To improve asset efficiency and strengthen its financial position, a subsidiary sold part of its investment securities to its parent company, AEON CO.,LTD. Gain on sale: ¥4,261 million」
As a measure to strengthen the financial position following the integration, the company plans to sell investment securities held by a subsidiary to AEON CO.,LTD. and record a gain on sale of ¥4,261 million. - FY2023-Q1Increase in liabilities due to business integrationAnnual report
「Liabilities increased by ¥137,989 million from the end of the previous consolidated fiscal year to ¥217,625 million. The main reasons for the increase were increases of ¥42,323 million in trade notes and accounts payable, ¥26,810 million in short-term borrowings and ¥29,441 million in long-term borrowings.」
The expansion of the scope of consolidation during the quarter, including the integration of Maxvalu Nishi-Nihon, led to substantial increases in total liabilities and short- and long-term borrowings. - FY2022MitigatedAnnual report
「Cash flows from financing activities resulted in an outflow of ¥2,712 million, mainly because payments for the repayment of long-term borrowings amounted to ¥7,617 million and dividend payments amounted to ¥861 million, while proceeds from long-term borrowings amounted to ¥7,000 million.」
The company proceeded with repayments of long-term borrowings, resulting in an outflow of ¥2,712 million from financing activities. Total liabilities also decreased by ¥7,377 million from the end of the previous consolidated fiscal year. - FY2022-Q3Continued decrease in liabilities and short-term borrowingsAnnual report
「Liabilities decreased by ¥1,914 million from the end of the previous consolidated fiscal year to ¥85,230 million. The main reasons for the decrease were a ¥3,066 million reduction in other current liabilities resulting from payments to the consignor for the proceeds of meal vouchers sold as a sales agent for the “Go To Eat” meal voucher program, among other factors, and a ¥1,992 million decrease in short-term borrowings through repayments. Meanwhile, long-term borrowings increased by ¥1,461 million through new borrowings, and trade notes and accounts payable increased by ¥1,604 million because purchases increased in line with higher sales.」
Total liabilities decreased by ¥1,914 million from the end of the previous consolidated fiscal year, and short-term borrowings also decreased by ¥1,992 million through repayments. Meanwhile, long-term borrowings increased by ¥1,461 million through new borrowings, and the borrowing structure continued to change. - FY2022-Q2Decrease in Short-Term Borrowings and Increase in Long-Term BorrowingsAnnual report
「Liabilities decreased by ¥948 million from the end of the previous consolidated fiscal year to ¥86,195 million. The main reasons for the decrease were a ¥2,944 million reduction in other current liabilities resulting from payments to the consignor for the proceeds of meal vouchers sold as a sales agent for the “Go To Eat” meal voucher program, among other factors, and a ¥1,725 million decrease in short-term borrowings through repayments. Meanwhile, long-term borrowings increased by ¥3,105 million through new borrowings, and trade notes and accounts payable increased by ¥930 million because purchases increased in line with higher sales.」
Total liabilities decreased by ¥948 million from the end of the previous consolidated fiscal year. Short-term borrowings decreased by ¥1,725 million through repayments, while long-term borrowings increased by ¥3,105 million through new borrowings, changing the borrowing structure. - FY2022-Q1Lower debt and changes in borrowing compositionAnnual report
「Long-term borrowings decreased by ¥1,411 million through repayments. Trade notes and accounts payable increased by ¥521 million and short-term borrowings by ¥513 million because purchases increased in line with higher sales.」
While total liabilities decreased because of repayments of long-term borrowings, accounts payable and short-term borrowings increased as purchases rose in line with higher sales. - FY2021MitigatedAnnual report
「The Group's interest-bearing debt dependency ratio, as a percentage of consolidated total assets, was 16.7% as of 28 February 2021. The Group plans to strengthen its financial position by reducing borrowings and through other measures. It also seeks to reduce the risk of rising interest rates by raising funds at fixed interest rates.」
The interest-bearing debt dependency ratio decreased from the previously reported 17.2% to 16.7%, and long-term borrowings also decreased from the end of the previous fiscal year. The company continues its policy of reducing borrowings and raising funds at fixed interest rates. - FY2021-Q3Continued increase in liabilitiesAnnual report
「Liabilities totaled ¥87,396 million, mainly because trade notes and accounts payable increased by ¥2,420 million and provision for bonuses increased by ¥975 million. This was an increase of ¥4,029 million from the end of the previous consolidated fiscal year.」
Unlike in the previous fiscal years, when the company pursued a reduction in borrowings, total liabilities increased by ¥4,029 million from the end of the previous fiscal year, mainly because trade notes and accounts payable and provision for bonuses increased. - FY2021-Q2Continued increase in long-term borrowings and liabilitiesAnnual report
「Liabilities totaled ¥85,997 million, mainly because trade notes and accounts payable increased by ¥1,923 million and long-term borrowings increased by ¥1,680 million. This was an increase of ¥2,630 million from the end of the previous consolidated fiscal year.」
Unlike the reduction in borrowings that continued from the previous fiscal year, total liabilities increased by ¥2,630 million from the end of the previous fiscal year, mainly because long-term borrowings increased by ¥1,680 million. - FY2021-Q1Continued increase in short-term borrowings and liabilitiesAnnual report
「Liabilities totaled ¥89,254 million, mainly because short-term borrowings increased by ¥4,061 million and trade notes and accounts payable increased by ¥1,268 million. This was an increase of ¥5,887 million from the end of the previous consolidated fiscal year.」
Unlike in the previous fiscal years, when the company pursued a reduction in borrowings, total liabilities increased by ¥5,887 million from the end of the previous fiscal year, mainly because short-term borrowings increased by ¥4,061 million. - FY2020Increase in long-term borrowings and liabilitiesAnnual report
「Liabilities totaled ¥83,367 million, mainly because long-term borrowings, including current maturities, increased by ¥5,170 million and accounts payable increased by ¥2,485 million because the end of the current consolidated fiscal year fell on a financial institution holiday, among other factors. This was an increase of ¥8,918 million from the end of the previous consolidated fiscal year.」
Total liabilities increased by ¥8,918 million from the end of the previous fiscal year, mainly because of the increase in long-term borrowings and other factors. The trend differs from the reduction in borrowings in the previous fiscal year. - FY2020-Q3Continued increase in short- and long-term borrowingsAnnual report
「Liabilities totaled ¥88,518 million, mainly because trade notes and accounts payable increased by ¥4,076 million, short-term borrowings increased by ¥1,410 million and long-term borrowings increased by ¥5,357 million. This was an increase of ¥14,070 million from the end of the previous consolidated fiscal year.」
In contrast to the reduction in borrowings achieved in the previous fiscal year, short-term borrowings increased by ¥1,410 million, long-term borrowings by ¥5,357 million and total liabilities by ¥14,070 million from the end of the previous consolidated fiscal year. - FY2020-Q2Continued increase in short- and long-term borrowingsAnnual report
「Liabilities totaled ¥89,020 million, mainly because trade notes and accounts payable increased by ¥3,876 million, short-term borrowings increased by ¥1,785 million and long-term borrowings increased by ¥6,945 million. This was an increase of ¥14,571 million from the end of the previous consolidated fiscal year.」
Short-term borrowings increased by ¥1,785 million, long-term borrowings by ¥6,945 million and total liabilities by ¥14,571 million from the end of the previous consolidated fiscal year. The trend differs from the reduction in borrowings achieved in the previous fiscal year. - FY2020-Q1Continued increase in short-term borrowings and liabilitiesAnnual report
「Liabilities totaled ¥80,324 million, mainly because short-term borrowings increased by ¥4,407 million and trade notes and accounts payable increased by ¥2,443 million. This was an increase of ¥5,876 million from the end of the previous consolidated fiscal year.」
Total liabilities increased by ¥5,876 million from the end of the previous consolidated fiscal year, mainly because short-term borrowings increased by ¥4,407 million. The trend differs from the reduction in liabilities achieved in the previous fiscal year. - FY2019-Q3Continued increase in liabilitiesAnnual report
「Liabilities totaled ¥82,886 million, mainly because trade notes and accounts payable increased by ¥3,140 million and long-term borrowings increased by ¥1,565 million. This was an increase of ¥6,882 million from the end of the previous consolidated fiscal year.」
Regarding the continued increase in borrowings and liabilities from the previous fiscal year, long-term borrowings increased by ¥1,565 million and total liabilities increased by ¥6,882 million. - FY2019-Q2Borrowings continuing to increaseAnnual report
「Liabilities totaled ¥80,755 million, as trade notes and accounts payable increased by ¥3,161 million and long-term borrowings increased by ¥3,249 million, while short-term borrowings decreased by ¥882 million, among other changes. This was an increase of ¥4,751 million from the end of the previous consolidated fiscal year.」
While short-term borrowings decreased, long-term borrowings and total liabilities increased from the end of the previous consolidated fiscal year. - FY2019-Q1Increase in borrowingsAnnual report
「Liabilities totaled ¥83,801 million, mainly because trade notes and accounts payable increased by ¥1,921 million, short-term borrowings increased by ¥1,306 million and long-term borrowings increased by ¥4,426 million. This was an increase of ¥7,796 million from the end of the previous consolidated fiscal year.」
In contrast to the reduction in borrowings achieved in the previous fiscal year, short-term borrowings, long-term borrowings and total liabilities all increased from the end of the previous fiscal year. - FY2018AdvancedAnnual report
「Current liabilities totaled ¥39,094 million (¥44,637 million in the previous fiscal year), mainly because short-term borrowings decreased by ¥3,930 million and current maturities of long-term borrowings decreased by ¥1,672 million. This was a decrease of ¥5,543 million from the end of the previous consolidated fiscal year. Non-current liabilities totaled ¥36,910 million (¥43,284 million in the previous fiscal year), mainly because long-term borrowings decreased by ¥7,342 million. This was a decrease of ¥6,373 million from the end of the previous consolidated fiscal year.」
Short-term borrowings, current maturities of long-term borrowings and long-term borrowings all decreased, with the reduction in current and non-current liabilities shown quantitatively. - FY2018-Q3AdvancedAnnual report
「Liabilities totaled ¥81,520 million, as trade notes and accounts payable increased by ¥2,790 million, while short-term borrowings decreased by ¥5,501 million and long-term borrowings decreased by ¥5,641 million, among other changes. This was a decrease of ¥6,401 million from the end of the previous consolidated fiscal year.」
Short-term borrowings decreased by ¥5,501 million and long-term borrowings by ¥5,641 million from the end of the previous fiscal year, while total liabilities also decreased by ¥6,401 million. - FY2018-Q2AdvancedAnnual report
「Liabilities totaled ¥86,626 million, as trade notes and accounts payable increased by ¥2,098 million, while short-term borrowings decreased by ¥1,310 million and long-term borrowings decreased by ¥3,847 million, among other changes. This was a decrease of ¥1,295 million from the end of the previous consolidated fiscal year.」
Short-term and long-term borrowings decreased further from the end of the previous fiscal year, while total liabilities also decreased by ¥1,295 million. - FY2018-Q1AdvancedAnnual report
「Liabilities totaled ¥87,412 million, as trade notes and accounts payable increased by ¥2,590 million and provision for bonuses increased by ¥764 million, while short-term borrowings decreased by ¥2,937 million and long-term borrowings decreased by ¥1,983 million, among other changes. This was a decrease of ¥509 million from the end of the previous consolidated fiscal year.」
Short-term and long-term borrowings decreased from the end of the previous fiscal year, quantitatively demonstrating progress in strengthening the financial position, including through the reduction of borrowings. - FY2017First statedAnnual report
「The Group plans to strengthen its financial position by reducing borrowings and through other measures. It also seeks to reduce the risk of rising interest rates by raising funds at fixed interest rates.」
The company has for the first time explicitly identified reducing borrowings and fixed-rate financing as measures to strengthen its financial position and reduce the risk of rising interest rates. Its risk disclosures also indicate an interest-bearing debt dependency ratio of 23.6%.