Risk of Interest Rate Fluctuations and Reliance on Interest-Bearing Debt
First written in FY2017. 8 of 13 entries say "Mitigated", first in FY2018. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 64 of 141 companies on the "Worse" side.
- FY2026-H1MitigatedAnnual report
「Long-term borrowings due within one year 10 10」 Long-term borrowings 35 30」
Long-term borrowings decreased from ¥35 million at the end of the previous fiscal year to ¥30 million, while the amount due within one year remained flat at ¥10 million. - FY2025WorsenedAnnual report
「Long-term borrowings due within one year 0 10」 Long-term borrowings, excluding amounts due within one year 0 35」
Regarding the previously declining interest-bearing debt, ¥10 million in long-term borrowings due within one year and ¥35 million in long-term borrowings were recorded, increasing borrowings from zero at the end of the previous fiscal year. - FY2025-H1WorsenedAnnual report
「Liabilities increased 8.6% from the end of the previous fiscal year to ¥644 million. This was mainly due to increases of ¥21 million in notes and accounts payable and ¥39 million in long-term borrowings, partly offset by a ¥27 million decrease in other current liabilities.」
Regarding the previously declining interest-bearing debt, long-term borrowings increased by ¥39 million from the end of the previous fiscal year, and ¥10 million due within one year was also recorded. - FY2024Some interest-bearing debt at the new subsidiaryAnnual report
「Fukuyama Medical Instruments Co., Ltd., which became a consolidated subsidiary, has some interest-bearing debt, compared with cash and cash equivalents of ¥2,769 million at the end of the fiscal year.」
Against the previous trend of declining interest-bearing debt, it was stated that Fukuyama Medical Instruments Co., Ltd. had some interest-bearing debt following its inclusion in the consolidated group. - FY2023-Q3MitigatedAnnual report
「Long-term borrowings due within one year 310 -」
Long-term borrowings due within one year decreased from ¥310 million at the end of the previous fiscal year to zero, further reducing interest-bearing debt exposure. - FY2023-Q2MitigatedAnnual report
「Long-term borrowings due within one year 310 2」
Long-term borrowings due within one year decreased from ¥310 million to ¥2 million, bringing total liabilities to ¥507 million. - FY2022MitigatedAnnual report
「Interest-bearing debt stood at ¥310 million, compared with cash and cash equivalents of ¥1,848 million at the end of the fiscal year.」
Interest-bearing debt decreased from ¥587 million at the end of the previous fiscal year to ¥310 million, a low level relative to cash and cash equivalents of ¥1,848 million. - FY2022-Q3MitigatedAnnual report
「Liabilities decreased 8.5% from the end of the previous fiscal year to ¥880 million. This was mainly due to a ¥250 million decrease in short-term borrowings, partly offset by a ¥135 million increase in long-term deposits received.」
Liabilities decreased from the end of the previous fiscal year, and short-term borrowings fell from ¥250 million to zero. - FY2022-Q1MitigatedAnnual report
「Liabilities decreased 4.6% from the end of the previous fiscal year to ¥917 million. This was mainly due to an increase of ¥180 million in long-term deposits received and a decrease of ¥200 million in short-term borrowings, among other factors.」
Liabilities decreased from the end of the previous fiscal year, and short-term borrowings and other debt also declined. - FY2021MitigatedAnnual report
「As of the end of the fiscal year, interest-bearing debt stood at ¥587 million.」
Interest-bearing debt decreased from ¥5,770 million at the end of the previous fiscal year to ¥587 million. - FY2019RestatedAnnual report
「The policy is to use derivatives primarily to hedge interest rate fluctuation risk and reduce interest payments, and not to engage in speculative transactions.」
The policy of limiting the use of interest rate swaps and other instruments to hedging purposes as a measure against interest rate fluctuation risk continues. - FY2018MitigatedAnnual report
「Reliance on interest-bearing debt is high. (The Group’s reliance on interest-bearing debt was 36.20% for the consolidated fiscal year under review.) We conduct interest rate swap transactions to mitigate the risk of future interest rate fluctuations.」
Reliance on interest-bearing debt declined from 50.0% in the previous fiscal year to 36.20%, while the use of interest rate swaps to address the risk continues. - FY2017First statedAnnual report
「Because funds required for property development and acquisitions are raised mainly through borrowings from financial institutions, reliance on interest-bearing debt is high. (The Group’s reliance on interest-bearing debt was 50.0% for the consolidated fiscal year under review.) We conduct interest rate swap transactions to mitigate the risk of future interest rate fluctuations.」
The report indicates reliance on interest-bearing debt of 50.0% and the use of interest rate swaps to address interest rate fluctuation risk.