Reliance on Interest-Bearing Debt, Interest Rate Volatility and Financing Risk
First written in FY2017. 18 of 34 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2027-H1.
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
- FY2027-H1MitigatedAnnual report
「Short-term borrowings 240,000 235,500 Current portion of long-term borrowings 303,963 295,263 Long-term borrowings 77,686 67,330」
Total short-term and long-term borrowings decreased from ¥621.649 million at the end of the previous fiscal year to ¥598.093 million. Short-term borrowings did not increase, while current portions of long-term borrowings and long-term borrowings decreased, resulting in lower financial exposure related to reliance on interest-bearing debt. - FY2026WorsenedAnnual report
「Total 572,521 621,649」
Interest-bearing debt increased from ¥572,521 thousand at the end of the previous fiscal year to ¥621,649 thousand. As the increase in short-term borrowings exceeded repayments of long-term borrowings and other debt, exposure based on outstanding borrowings related to interest-rate fluctuation and unsuccessful-financing risks expanded. - FY2026-H1WorsenedAnnual report
「Short-term borrowings 151,900 223,300 Current portion of long-term borrowings 315,183 313,923 Long-term borrowings 105,438 88,042」
Interest-bearing debt increased from ¥572,521 thousand at the end of the previous consolidated fiscal year to ¥625,265 thousand. As the increase in short-term borrowings exceeded repayments of long-term borrowings and other debt, exposure based on outstanding borrowings related to interest-rate fluctuation and unsuccessful-financing risks expanded. - FY2025MitigatedAnnual report
「At the end of the current consolidated fiscal year, liabilities totaled ¥1,114 million, a decrease of ¥1,158 million from the end of the previous consolidated fiscal year. This was mainly due to the completion of the conversion of the 1st Series of Unsecured Convertible Bonds with Stock Acquisition Rights and a decrease in advances received.」
Due to the completion of the conversion of Convertible Bonds with Stock Acquisition Rights and a decrease in advances received, liabilities decreased from ¥2,272 million to ¥1,114 million. Financial exposure related to reliance on interest-bearing debt and financing-related risks has declined. - FY2025-H1MitigatedAnnual report
「At the end of the current interim consolidated accounting period, total liabilities had decreased by ¥361 million from the end of the previous consolidated fiscal year to ¥1,911 million. This was mainly due to the progress made in converting Convertible Bonds with Stock Acquisition Rights.」
Due to the conversion of Convertible Bonds with Stock Acquisition Rights, total liabilities decreased by ¥361 million from the end of the previous fiscal year, from ¥2,272 million to ¥1,911 million. Overall exposure related to reliance on interest-bearing debt declined. Meanwhile, bank borrowings increased slightly due mainly to an increase in short-term borrowings. - FY2025-Q1WorsenedAnnual report
「At the end of the first quarter of the current fiscal year, total liabilities increased ¥48 million from the end of the previous fiscal year to ¥2,321 million. This was mainly due to an increase in short-term borrowings.」
Total liabilities increased from ¥2,272 million to ¥2,321 million due to an increase in short-term borrowings, and exposure related to reliance on borrowings associated with interest-rate fluctuation and unsuccessful-financing risks expanded again. - FY2024WorsenedAnnual report
「At the end of the current consolidated fiscal year, liabilities totaled ¥2,272 million, an increase of ¥993 million from the end of the previous consolidated fiscal year. This was mainly due to the issuance of the 1st Series of Unsecured Convertible Bonds with Stock Acquisition Rights and an increase in advances received in the real estate business.」
Although bank borrowings decreased, total liabilities increased from ¥1,279 million to ¥2,272 million due to the issuance of ¥600 million in Convertible Bonds with Stock Acquisition Rights and other factors. Financial exposure related to reliance on interest-bearing debt and financing-related risks has expanded. - FY2024-Q3WorsenedAnnual report
「At the end of the third quarter of the current consolidated accounting period, total liabilities had increased by ¥1,107 million from the end of the previous consolidated fiscal year to ¥2,387 million. This was mainly due to the issuance of the 1st Series of Unsecured Convertible Bonds with Stock Acquisition Rights and an increase in advances received.」
Due to the issuance of ¥750 million of the 1st Series of Unsecured Convertible Bonds with Stock Acquisition Rights and other factors, total liabilities increased by ¥1,107 million from the end of the previous fiscal year to ¥2,387 million. Financial exposure related to reliance on interest-bearing debt and financing-related risks has expanded again. - FY2024-Q2MitigatedAnnual report
「At the end of the second quarter of the current fiscal year, total liabilities decreased ¥188 million from the end of the previous fiscal year to ¥1,090 million. This was mainly due to decreases in short-term borrowings and accrued corporate taxes and other taxes.」
Total liabilities decreased by ¥188 million from the end of the previous fiscal year due to a decrease in short-term borrowings. Financial exposure related to reliance on interest-bearing debt has declined from the end of the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「At the end of the first quarter of the current fiscal year, total liabilities decreased ¥168 million from the end of the previous fiscal year to ¥1,110 million. This was mainly due to decreases in short-term borrowings and accrued corporate taxes and other taxes.」
Total liabilities decreased by ¥168 million from the end of the previous fiscal year, mainly due to a decrease in short-term borrowings. Financial exposure related to reliance on interest-bearing debt has declined from the end of the previous fiscal year. - FY2023WorsenedAnnual report
「Total 666,771 850,201」
Interest-bearing debt increased from ¥666,771 thousand at the end of the previous fiscal year to ¥850,201 thousand. Exposure based on outstanding borrowings related to interest-rate fluctuation and unsuccessful-financing risks expanded, mainly due to an increase in short-term borrowings. - FY2023-Q3WorsenedAnnual report
「Short-term borrowings 145,500 244,400 Current portion of long-term borrowings 298,221 309,471 Long-term borrowings 223,050 196,860」
Interest-bearing debt increased from ¥666,771 thousand at the end of the previous fiscal year to ¥750,731 thousand at the end of the current quarter. Exposure based on outstanding borrowings related to interest-rate fluctuation and unsuccessful-financing risks expanded, mainly due to an increase in short-term borrowings. - FY2023-Q2WorsenedAnnual report
「Short-term borrowings 145,500 224,700 Current portion of long-term borrowings 298,221 305,721 Long-term borrowings 223,050 205,590」
Interest-bearing debt increased from ¥666,771 thousand at the end of the previous fiscal year to ¥736,011 thousand at the end of the current quarter. Exposure based on outstanding borrowings related to interest-rate fluctuation and unsuccessful-financing risks expanded, mainly due to an increase in short-term borrowings. - FY2023-Q1WorsenedAnnual report
「Short-term borrowings 145,500 180,900 Current portion of long-term borrowings 298,221 301,971 Long-term borrowings 223,050 214,320」
Interest-bearing debt increased by ¥30,420 thousand from ¥666,771 thousand at the end of the previous consolidated fiscal year to ¥697,191 thousand at the end of the current quarter. Exposure based on outstanding borrowings related to interest-rate fluctuation and unsuccessful-financing risks has expanded. - FY2022WorsenedAnnual report
「Total 646,852 666,771」
Interest-bearing debt increased from ¥646,852 thousand at the end of the previous fiscal year to ¥666,771 thousand at the end of the current fiscal year. Although repayments exceeded new borrowings in financing activities, exposure related to reliance on interest-bearing debt increased from the end of the previous fiscal year based on the period-end balance. - FY2022-Q3WorsenedAnnual report
「Short-term borrowings 91,301 167,700 / Current portion of long-term borrowings 308,831 294,471 / Long-term borrowings 246,720 231,780」
Interest-bearing debt increased from ¥642,934 thousand at the end of the previous quarter to ¥693,951 thousand at the end of the current quarter. Exposure related to reliance on interest-bearing debt has expanded again. - FY2022-Q2MitigatedAnnual report
「Short-term borrowings 91,301 111,703 Current portion of long-term borrowings 308,831 294,471 Long-term borrowings 246,720 236,760」
Interest-bearing debt decreased from ¥715,753 thousand at the end of the previous quarter to ¥642,934 thousand. While short-term borrowings increased, current portions of long-term borrowings and long-term borrowings decreased, causing exposure related to reliance on interest-bearing debt to decline from the previous quarter. - FY2022-Q1WorsenedAnnual report
「Short-term borrowings 91,301 181,202 / Current portion of long-term borrowings 308,831 292,811 / Long-term borrowings 246,720 241,740」
Interest-bearing debt increased by ¥68,901 thousand from ¥646,852 thousand at the end of the previous consolidated fiscal year to ¥715,753 thousand at the end of the current quarter. Although total liabilities decreased due to a reduction in advances received, exposure related to reliance on interest-bearing debt expanded. - FY2021WorsenedAnnual report
「Cash provided by financing activities was ¥191 million, compared with cash used of ¥191 million in the previous fiscal year. This was mainly because new long-term borrowings exceeded repayments of short-term borrowings and other borrowings in the renovation business.」
Interest-bearing debt increased from ¥455,651 thousand at the end of the previous fiscal year to ¥646,852 thousand, mainly due to ¥260 million in new long-term borrowings. Exposure related to reliance on borrowings has expanded again. - FY2021-Q3WorsenedAnnual report
「At the end of the third quarter of the current fiscal year, total liabilities increased ¥411 million from the end of the previous fiscal year to ¥1,934 million. This was mainly due to increases in short-term borrowings for sales of used homes in the renovation business and long-term borrowings for working capital.」
Short-term and long-term borrowings for used-home sales and working capital increased, and total liabilities rose by ¥411 million from the end of the previous consolidated fiscal year. Exposure related to reliance on interest-bearing debt has expanded again. - FY2021-Q2WorsenedAnnual report
「At the end of the second quarter of the current consolidated accounting period, total liabilities had increased by ¥136 million from the end of the previous consolidated fiscal year to ¥1,659 million. This was mainly due to increases in short-term borrowings related to the sale of used homes in the renovation business and long-term borrowings for working capital.」
Short-term and long-term borrowings for used-home sales and working capital increased, and total liabilities rose by ¥136 million from the end of the previous fiscal year. Exposure related to reliance on interest-bearing debt has expanded again. - FY2021-Q1MitigatedAnnual report
「At the end of the first quarter of the current fiscal year, total liabilities decreased ¥16 million from the end of the previous fiscal year to ¥1,506 million. This was mainly due to a decrease in borrowing obligations as sales of used homes progressed in the renovation business.」
Total liabilities decreased by ¥16 million from the end of the previous fiscal year due to a decrease in borrowings resulting from progress in the sale of used homes. Financial exposure related to reliance on interest-bearing debt continues to decline. - FY2020MitigatedAnnual report
「Cash used in financing activities amounted to ¥191 million, compared with cash provided of ¥775 million in the previous fiscal year. This was mainly because repayments of short-term borrowings and other debt in the renovation business exceeded new borrowings.」
Repayments of short-term borrowings and other debt exceeded new borrowings, resulting in ¥191 million of cash used in financing activities. Interest-bearing debt also declined from ¥647,051 thousand at the end of the previous fiscal year to ¥455,651 thousand. - FY2020-Q3MitigatedAnnual report
「At the end of the third quarter of the current fiscal year, total liabilities decreased ¥248 million from the end of the previous fiscal year to ¥929 million. This was mainly due to a decrease in borrowing obligations as sales of used homes progressed in the renovation business, and a decrease in accrued corporate taxes and other taxes following payment of taxes for the previous fiscal year.」
Total liabilities decreased by ¥248 million from the end of the previous fiscal year to ¥929 million due to a decrease in borrowings. Financial exposure related to reliance on interest-bearing debt continues to decline. - FY2020-Q2MitigatedAnnual report
「At the end of the second quarter of the current consolidated accounting period, total liabilities had decreased by ¥269 million from the end of the previous consolidated fiscal year to ¥908 million. This was mainly due to a decrease in borrowings resulting from progress in the sale of used homes in the renovation business and a decrease in income taxes payable following payment of corporate taxes for the previous consolidated fiscal year.」
Due mainly to a decrease in borrowings resulting from progress in the sale of used homes, total liabilities decreased by ¥269 million from the end of the previous fiscal year to ¥908 million. Financial exposure related to reliance on interest-bearing debt has declined further. The disclosure does not state that interest-rate fluctuations or unsuccessful financing occurred. - FY2020-Q1MitigatedAnnual report
「At the end of the first quarter of the current consolidated accounting period, total liabilities had decreased by ¥250 million from the end of the previous consolidated fiscal year to ¥926 million. This was mainly due to a decrease in borrowings resulting from progress in the sale of used homes in the renovation business and a decrease in income taxes payable following payment of corporate taxes for the previous consolidated fiscal year.」
Due mainly to a decrease in borrowings resulting from progress in the sale of used homes, total liabilities decreased by ¥250 million from the end of the previous fiscal year to ¥926 million. Financial exposure related to reliance on interest-bearing debt has declined. - FY2019MitigatedAnnual report
「At the end of the current consolidated fiscal year, liabilities totaled ¥1,177 million, a decrease of ¥1,585 million from the end of the previous consolidated fiscal year. This was mainly due to decreases in short-term borrowings and current portions of long-term borrowings resulting from the maturity of the borrowings.」
Due to the repayment of borrowings, total liabilities decreased by ¥1,585 million from the end of the previous fiscal year, while short-term borrowings and current portions of long-term borrowings also declined. Financial exposure related to reliance on interest-bearing debt has decreased. - FY2019-Q3MitigatedAnnual report
「At the end of the third quarter of the current consolidated accounting period, total liabilities had decreased by ¥628 million from the end of the previous consolidated fiscal year to ¥2,135 million. This was mainly due to a decrease in interest-bearing debt resulting from the repayment of short-term borrowings.」
Interest-bearing debt decreased due to the repayment of short-term borrowings, and total liabilities also decreased by ¥628 million from the end of the previous fiscal year. Disclosure-based exposure related to reliance on interest-bearing debt has declined further. - FY2019-Q2MitigatedAnnual report
「At the end of the second quarter of the current consolidated accounting period, total liabilities had decreased by ¥567 million from the end of the previous consolidated fiscal year to ¥2,195 million. This was mainly due to a decrease in interest-bearing debt resulting from the repayment of short-term borrowings.」
Interest-bearing debt decreased due to the repayment of short-term borrowings, and total liabilities also decreased by ¥567 million from the end of the previous fiscal year. Disclosure-based exposure related to reliance on interest-bearing debt has declined from the end of the previous fiscal year. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no material changes in the business and other risks described in the securities report for the previous fiscal year.」
The company provides a comprehensive statement that there have been no material changes in the risks associated with reliance on interest-bearing debt, interest-rate fluctuations, and unsuccessful financing. The increase in liabilities during the quarter was mainly due to accounts payable for joint ventures, and is not stated to have resulted from an increase in new borrowings. - FY2018WorsenedAnnual report
「At the end of the current consolidated fiscal year, liabilities totaled ¥2,763 million, an increase of ¥556 million from the end of the previous consolidated fiscal year. This was mainly due to an increase in borrowings for new business investments.」
Due to an increase in borrowings for new business investments, total liabilities increased by ¥556 million from the end of the previous fiscal year to ¥2,763 million. Exposure related to reliance on interest-bearing debt has expanded further. The disclosure does not state that interest-rate fluctuations or unsuccessful financing actually occurred. - FY2018-Q3WorsenedAnnual report
「At the end of the third quarter of the current fiscal year, total liabilities increased ¥842 million from the end of the previous fiscal year to ¥3,049 million. This was mainly due to an increase in borrowings related to new projects.」
Due to an increase in borrowings related to new projects, total liabilities increased by ¥842 million from the end of the previous consolidated fiscal year to ¥3,049 million. Exposure related to reliance on interest-bearing debt continued to expand through the previous quarter. The disclosure does not state that interest-rate fluctuations or unsuccessful financing actually occurred. - FY2018-Q2WorsenedAnnual report
「At the end of the second quarter of the current consolidated accounting period, total liabilities had increased by ¥216 million from the end of the previous consolidated fiscal year to ¥2,423 million. This was mainly due to a decrease in deposits received for joint ventures following the settlement of joint-venture projects and an increase in borrowings related to new projects.」
The increase in borrowings related to new projects is disclosed, and total liabilities also increased by ¥216 million from the end of the previous consolidated fiscal year. Quantitative exposure related to reliance on interest-bearing debt has expanded. However, the disclosure does not state that interest-rate fluctuations or unsuccessful financing actually occurred. - FY2017First statedAnnual report
「If current interest rates fluctuate, this may affect the Group’s results of operations and financial position. In addition, if financing from financial institutions is insufficient or unsuccessful, this may affect the Group’s results of operations.」
The risks of reliance on interest-bearing debt to finance the acquisition of business-use real estate and other assets, interest-rate fluctuations, and unsuccessful financing are disclosed separately for the first time.