Reliance on Interest-Bearing Debt
First written in FY2016. 19 of 38 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-08-07.
The whole theme swung hardest in 2020: 64 of 142 companies on the "Worse" side.
- 2026-08-07OtherResults
「これは、短期借入金が342百万円増加し、１年内返済予定の長期借入金が390百万円減少したことなどによります。」
当四半期は短期借入金が増加し、1年内返済予定の長期借入金が減少した。固定負債では長期借入金が171百万円増加しており、借入金の返済期限構成が変化している。 - FY2026Dependence on interest-bearing debt declines, while maturities become shorterAnnual report
「Because the group primarily finances the acquisition of land for spec homes through borrowings from financial institutions, reliance on interest-bearing debt as a percentage of total assets was 37.0% in the fiscal year ended March 2025 and 31.9% in the fiscal year ending March 2026.」
Reliance on interest-bearing debt decreased from 37.0% to 31.9%. Meanwhile, current maturities of long-term borrowings increased by ¥913 million and long-term borrowings decreased by ¥1,220 million, shifting the maturity profile toward shorter maturities. - 2026-05-14OtherResults
「１年内返済予定の長期借入金が913百万円増加しましたが、支払手形・工事未払金は24百万円、短期借入金が135百万円減少したことなどによります。」
借入金の総額と返済期限の構成が変化し、1年内返済予定の長期借入金が増加している。 - FY2026-H1Total interest-bearing debt decreased, while current maturities increasedAnnual report
「(Current liabilities) Current liabilities at the end of the interim consolidated accounting period were ¥1,281 million, an increase of ¥308 million from the end of the previous fiscal year. This was mainly due to a ¥379 million increase in current maturities of long-term borrowings, despite decreases of ¥68 million in short-term borrowings and ¥6 million in income taxes payable. (Fixed liabilities) Fixed liabilities at the end of the interim consolidated accounting period were ¥1,523 million, a decrease of ¥466 million from the end of the previous fiscal year. This was due to a ¥19 million increase in deferred tax liabilities and a ¥486 million decrease in long-term borrowings.」
Total interest-bearing debt decreased by an estimated approximately ¥175 million from the end of the previous fiscal year due to the decrease in long-term borrowings, while current maturities of long-term borrowings increased by ¥379 million, changing the maturity profile toward shorter maturities. - FY2025WorsenedAnnual report
「Reliance on interest-bearing debt as a percentage of total assets was 24.3% in the fiscal year ended March 2024 and 37.0% in the fiscal year ended March 2025.」
Reliance on interest-bearing debt increased significantly from 24.3% to 37.0%, increasing the financial exposure. Interest rate risk associated with the increase in borrowings also continues to be disclosed. - FY2025-H1WorsenedAnnual report
「Current liabilities at the end of the interim consolidated accounting period were ¥1,045 million, an increase of ¥244 million from the end of the previous fiscal year. This was mainly due to increases of ¥295 million in short-term borrowings and ¥65 million in current maturities of long-term borrowings, despite a ¥151 million decrease in notes payable and construction accounts payable. Fixed liabilities at the end of the interim consolidated accounting period were ¥2,047 million, an increase of ¥788 million from the end of the previous fiscal year. This was due to an ¥811 million increase in long-term borrowings, despite a ¥22 million decrease in deferred tax liabilities.」
Short-term borrowings, current maturities of long-term borrowings and long-term borrowings increased, increasing the financial exposure associated with reliance on interest-bearing debt. - FY2024WorsenedAnnual report
「Reliance on interest-bearing debt as a percentage of total assets was 22.8% in the fiscal year ended March 2023 and 24.3% in the fiscal year ended March 2024.」
Reliance on interest-bearing debt increased from 22.8% to 24.3%, increasing the financial exposure that had decreased in the previous fiscal year. - FY2024-Q3MitigatedAnnual report
「(Current liabilities) Current liabilities at the end of the third quarter of the current fiscal year were ¥729 million, a decrease of ¥311 million from the end of the previous fiscal year. This was mainly due to decreases of ¥36 million in short-term borrowings, ¥353 million in current maturities of long-term borrowings, ¥75 million in income taxes payable and ¥3 million in the provision for bonuses, despite a ¥162 million increase in notes payable and construction accounts payable. (Fixed liabilities) Fixed liabilities at the end of the third quarter of the current fiscal year were ¥660 million, an increase of ¥138 million from the end of the previous fiscal year. This was due to increases of ¥12 million in deferred tax liabilities and ¥125 million in long-term borrowings.」
Short-term borrowings and current maturities of long-term borrowings decreased, while long-term borrowings increased. Total borrowings nevertheless decreased from the end of the previous fiscal year, reducing reliance on interest-bearing debt. - FY2024-Q2MitigatedAnnual report
「(Current liabilities) Current liabilities at the end of the second quarter of the current fiscal year were ¥696 million, a decrease of ¥344 million from the end of the previous fiscal year. This was mainly due to decreases of ¥22 million in notes payable and construction accounts payable, ¥36 million in short-term borrowings, ¥230 million in current maturities of long-term borrowings and ¥48 million in income taxes payable. (Fixed liabilities) Fixed liabilities at the end of the second quarter of the current fiscal year were ¥586 million, an increase of ¥64 million from the end of the previous fiscal year. This was due to increases of ¥49 million in long-term borrowings and ¥14 million in deferred tax liabilities.」
Short-term borrowings and current maturities of long-term borrowings decreased, while long-term borrowings increased, resulting in a decrease in the balance of interest-bearing debt from the end of the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「(Current liabilities) Current liabilities at the end of the first quarter of the current fiscal year were ¥839 million, a decrease of ¥201 million from the end of the previous fiscal year. This was mainly due to decreases of ¥5 million in notes payable and construction accounts payable, ¥122 million in current maturities of long-term borrowings and ¥73 million in income taxes payable. (Fixed liabilities) Fixed liabilities at the end of the first quarter of the current fiscal year were ¥472 million, a decrease of ¥49 million from the end of the previous fiscal year. This was due to a ¥10 million increase in deferred tax liabilities and a ¥60 million decrease in long-term borrowings.」
Current maturities of long-term borrowings decreased by ¥122 million and long-term borrowings by ¥60 million, reducing the financial exposure associated with reliance on interest-bearing debt on a quarterly basis. - FY2023MitigatedAnnual report
「Reliance on interest-bearing debt as a percentage of total assets was 32.3% in the fiscal year ended March 2022 and 22.8% in the fiscal year ended March 2023.」
Reliance on interest-bearing debt decreased from 32.3% to 22.8%, reducing the financial exposure that had expanded through the previous fiscal year. - FY2023-Q3MitigatedAnnual report
「(Current liabilities) Current liabilities at the end of the third quarter of the current fiscal year were ¥825 million, a decrease of ¥316 million from the end of the previous fiscal year. This was mainly due to decreases of ¥406 million in current maturities of long-term borrowings, ¥14 million in income taxes payable and ¥3 million in the provision for bonuses, despite increases of ¥81 million in notes payable and construction accounts payable and ¥36 million in short-term borrowings. (Fixed liabilities) Fixed liabilities at the end of the third quarter of the current fiscal year were ¥907 million, a decrease of ¥226 million from the end of the previous fiscal year. This was due to a ¥10 million increase in deferred tax liabilities and a ¥236 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥36 million, while current maturities of long-term borrowings decreased by ¥406 million and long-term borrowings by ¥236 million, reducing the exposure associated with reliance on interest-bearing debt. - FY2023-Q2MitigatedAnnual report
「(Current liabilities) Current liabilities at the end of the second quarter of the current fiscal year were ¥1,118 million, a decrease of ¥23 million from the end of the previous fiscal year. This was mainly due to a ¥59 million decrease in current maturities of long-term borrowings, despite a ¥36 million increase in short-term borrowings. (Fixed liabilities) Fixed liabilities at the end of the second quarter of the current fiscal year were ¥1,054 million, a decrease of ¥79 million from the end of the previous fiscal year. This was due to a ¥79 million decrease in long-term borrowings.」
Short-term borrowings increased by ¥36 million, while current maturities of long-term borrowings decreased by ¥59 million and long-term borrowings by ¥79 million, reducing the balance of interest-bearing debt from the end of the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「(Current liabilities) Current liabilities at the end of the first quarter of the current fiscal year were ¥1,077 million, a decrease of ¥64 million from the end of the previous fiscal year. This was mainly due to a ¥22 million increase in notes payable and construction accounts payable, together with decreases of ¥47 million in current maturities of long-term borrowings and ¥39 million in income taxes payable. (Fixed liabilities) Fixed liabilities at the end of the first quarter of the current fiscal year were ¥1,025 million, a decrease of ¥108 million from the end of the previous fiscal year. This was mainly due to a ¥110 million decrease in long-term borrowings.」
Current maturities of long-term borrowings and long-term borrowings decreased, reducing the balance of borrowings from the end of the previous fiscal year. - FY2022WorsenedAnnual report
「Because the group primarily finances the acquisition of land for spec homes through borrowings from financial institutions, reliance on interest-bearing debt as a percentage of total assets was 31.2% in the fiscal year ended March 2021 and 32.3% in the fiscal year ended March 2022.」
Reliance on interest-bearing debt increased from 31.2% to 32.3%, further increasing the financial exposure. - FY2022-Q3WorsenedAnnual report
「(Current liabilities) Current liabilities at the end of the third quarter of the current fiscal year were ¥1,181 million, an increase of ¥233 million from the end of the previous fiscal year. This was mainly due to a ¥415 million increase in current maturities of long-term borrowings, despite a ¥186 million decrease in short-term borrowings. (Fixed liabilities) Fixed liabilities at the end of the third quarter of the current fiscal year were ¥1,229 million, an increase of ¥109 million from the end of the previous fiscal year. This was mainly due to a ¥108 million increase in long-term borrowings.」
Short-term borrowings decreased, while current maturities of long-term borrowings increased by ¥415 million and long-term borrowings by ¥108 million, increasing the exposure associated with reliance on interest-bearing debt. - FY2022-Q2WorsenedAnnual report
「Fixed liabilities at the end of the second quarter of the current fiscal year were ¥1,856 million, an increase of ¥736 million from the end of the previous fiscal year. This was mainly due to a ¥735 million increase in long-term borrowings.」
Short-term borrowings decreased by ¥142 million, while long-term borrowings increased by ¥735 million and fixed liabilities increased by ¥736 million. The financial exposure associated with reliance on interest-bearing debt increased. - FY2022-Q1WorsenedAnnual report
「(Current liabilities) Current liabilities at the end of the first quarter of the current fiscal year were ¥684 million, a decrease of ¥264 million from the end of the previous fiscal year. This was mainly due to decreases of ¥55 million in notes payable and construction accounts payable, ¥50 million in short-term borrowings, ¥127 million in current maturities of long-term borrowings and ¥25 million in income taxes payable. (Fixed liabilities) Fixed liabilities at the end of the first quarter of the current fiscal year were ¥1,718 million, an increase of ¥598 million from the end of the previous fiscal year. This was mainly due to a ¥596 million increase in long-term borrowings.」
Short-term borrowings and current maturities of long-term borrowings decreased, while long-term borrowings increased by ¥596 million, and the exposure associated with reliance on interest-bearing debt continued to expand. - FY2021WorsenedAnnual report
「Because the group primarily finances the acquisition of land for spec homes through borrowings from financial institutions, reliance on interest-bearing debt as a percentage of total assets was 21.1% in the fiscal year ended March 2020 and 31.2% in the fiscal year ended March 2021.」
Reliance on interest-bearing debt increased from 21.1% to 31.2%, increasing the financial exposure. - FY2021-Q3WorsenedAnnual report
「Current liabilities at the end of the third quarter of the current fiscal year were ¥991 million, an increase of ¥196 million from the end of the previous fiscal year. This was mainly due to increases of ¥169 million in short-term borrowings and ¥27 million in current maturities of long-term borrowings, despite a ¥36 million decrease in notes payable and construction accounts payable. Fixed liabilities at the end of the third quarter of the current fiscal year were ¥1,270 million, an increase of ¥832 million from the end of the previous fiscal year. This was mainly due to an ¥824 million increase in long-term borrowings.」
Short-term borrowings increased by ¥169 million, current maturities of long-term borrowings by ¥27 million and long-term borrowings by ¥824 million, further increasing the exposure associated with reliance on interest-bearing debt. - FY2021-Q2WorsenedAnnual report
「(Current liabilities) Current liabilities at the end of the second quarter of the current fiscal year were ¥919 million, an increase of ¥124 million from the end of the previous fiscal year. This was mainly due to a ¥120 million increase in short-term borrowings. (Fixed liabilities) Fixed liabilities at the end of the second quarter of the current fiscal year were ¥1,030 million, an increase of ¥592 million from the end of the previous fiscal year. This was mainly due to a ¥591 million increase in long-term borrowings.」
Short-term borrowings increased by ¥120 million and long-term borrowings by ¥591 million, significantly increasing the financial exposure associated with reliance on interest-bearing debt. - FY2021-Q1MitigatedAnnual report
「Fixed liabilities were ¥381 million, a decrease of ¥56 million from the end of the previous fiscal year. This was mainly due to a ¥57 million decrease in long-term borrowings.」
Long-term borrowings decreased by ¥57 million, and fixed liabilities also decreased by ¥56 million from the end of the previous fiscal year. The financial exposure associated with reliance on interest-bearing debt decreased on a quarterly basis. - FY2020WorsenedAnnual report
「Because the group primarily finances the acquisition of land for spec homes through borrowings from financial institutions, reliance on interest-bearing debt as a percentage of total assets was 16.6% in the fiscal year ended March 2019 and 21.1% in the fiscal year ended March 2020.」
Reliance on interest-bearing debt increased from 16.6% to 21.1%, increasing the financial exposure. - FY2020-Q3WorsenedAnnual report
「Fixed liabilities at the end of the third quarter of the current fiscal year were ¥518 million, an increase of ¥38 million from the end of the previous fiscal year. This was mainly due to a ¥38 million increase in long-term borrowings.」
Long-term borrowings increased by ¥38 million, and current maturities of long-term borrowings also increased by ¥21 million, increasing the exposure associated with reliance on interest-bearing debt. - FY2020-Q2WorsenedAnnual report
「Fixed liabilities at the end of the second quarter of the current fiscal year were ¥584 million, an increase of ¥104 million from the end of the previous fiscal year. This was due to a ¥104 million increase in long-term borrowings.」
Long-term borrowings increased by ¥104 million, and short-term borrowings and current maturities of long-term borrowings also increased, increasing the exposure associated with reliance on interest-bearing debt. - FY2020-Q1WorsenedAnnual report
「This was mainly due to increases of ¥71 million in notes payable and construction accounts payable, ¥27 million in short-term borrowings, ¥15 million in current maturities of long-term borrowings and ¥4 million in the provision for bonuses. This was due to a ¥200 million increase in long-term borrowings.」
Short-term borrowings, current maturities of long-term borrowings and long-term borrowings all increased, increasing the exposure associated with reliance on interest-bearing debt. - FY2019WorsenedAnnual report
「Reliance on interest-bearing debt as a percentage of total assets was 21.6% in the fiscal year ended March 2018 and 22.0% in the fiscal year ended March 2019.」
Reliance on interest-bearing debt increased from 21.6% to 22.0%, reversing the decline in the previous fiscal year. - FY2019-Q3MitigatedAnnual report
「This was mainly due to decreases of ¥153 million in current maturities of long-term borrowings, ¥140 million in notes payable and construction accounts payable, and ¥53 million in income taxes payable. This was due to a ¥27 million decrease in long-term borrowings.」
Short-term borrowings fell to zero, and current maturities of long-term borrowings and long-term borrowings also decreased, further reducing the exposure associated with reliance on interest-bearing debt. - FY2019-Q2MitigatedAnnual report
「Current liabilities at the end of the second quarter of the current fiscal year were ¥688 million, a decrease of ¥201 million from the end of the previous fiscal year. This was mainly due to decreases of ¥108 million in current maturities of long-term borrowings and ¥88 million in notes payable and construction accounts payable.」
Short-term borrowings fell to zero, and current maturities of long-term borrowings also decreased. Although long-term borrowings increased by ¥28 million, the balance of interest-bearing debt decreased by approximately ¥108 million from the end of the previous fiscal year. - FY2019-Q1MitigatedAnnual report
「This was mainly due to decreases of ¥74 million in notes payable and construction accounts payable, ¥20 million in short-term borrowings, ¥58 million in current maturities of long-term borrowings and ¥27 million in income taxes payable. This was due to a ¥70 million decrease in long-term borrowings.」
Short-term borrowings, current maturities of long-term borrowings and long-term borrowings all decreased, reducing the balance of interest-bearing debt. - FY2018MitigatedAnnual report
「Reliance on interest-bearing debt as a percentage of total assets was 25.9% in the fiscal year ended March 2017 and 21.6% in the fiscal year ended March 2018.」
Reliance on interest-bearing debt decreased from 25.9% to 21.6%. - FY2018-Q3MitigatedAnnual report
「This was mainly due to a ¥73 million increase in notes payable and construction accounts payable, together with decreases of ¥65 million in current maturities of long-term borrowings and ¥56 million in income taxes payable. This was mainly due to a ¥15 million increase in long-term borrowings.」
The decrease in current maturities of long-term borrowings exceeded the increase in long-term borrowings, and short-term borrowings also decreased. As a result, the balance of interest-bearing debt decreased from the end of the previous fiscal year. - FY2018-Q2MitigatedAnnual report
「This was mainly due to a ¥22 million increase in notes payable and construction accounts payable, despite decreases of ¥17 million in current maturities of long-term borrowings and ¥38 million in income taxes payable. This was mainly due to a ¥13 million decrease in long-term borrowings.」
Current maturities of long-term borrowings and long-term borrowings decreased from the end of the previous fiscal year, reducing the balance of interest-bearing debt. - FY2018-Q1WorsenedAnnual report
「This was mainly due to a ¥22 million increase in notes payable and construction accounts payable, despite decreases of ¥61 million in income taxes payable, ¥40 million in short-term borrowings and ¥39 million in current maturities of long-term borrowings. This was mainly due to a ¥138 million increase in long-term borrowings.」
Short-term borrowings and current maturities of long-term borrowings decreased, while long-term borrowings increased by ¥138 million. Total interest-bearing debt, including short- and long-term borrowings, increased by approximately ¥58 million from the end of the previous fiscal year, and its ratio to total assets rose from approximately 25.9% to approximately 27.0%. - FY2017-Q3WorsenedAnnual report
「This was mainly due to increases of ¥39 million in short-term borrowings and ¥67 million in current maturities of long-term borrowings.」
Short-term borrowings, current maturities of long-term borrowings and long-term borrowings all increased from the end of the previous fiscal year, further increasing the financial exposure associated with reliance on interest-bearing debt. - FY2017-Q2WorsenedAnnual report
「This was mainly due to a ¥95 million decrease in notes payable and construction accounts payable, despite increases of ¥82 million in short-term borrowings and ¥60 million in current maturities of long-term borrowings. This was mainly due to a ¥128 million increase in long-term borrowings.」
Short-term borrowings, current maturities of long-term borrowings and long-term borrowings increased by a combined ¥270 million from the end of the previous fiscal year, increasing the financial exposure associated with reliance on interest-bearing debt. - FY2017-Q1WorsenedAnnual report
「This was due mainly to increases of ¥115 million in short-term borrowings and ¥85 million in long-term borrowings due for repayment within 1 year.」
Short-term borrowings and long-term borrowings due for repayment within 1 year increased at the quarter-end, expanding the company's financial exposure related to dependence on interest-bearing debt. The company states that there were no material changes in business and other risks. - FY2016First statedAnnual report
「Interest-bearing debt as a percentage of total assets was 27.4% in the fiscal year ended March 2015 and 19.6% in the fiscal year ended March 2016.」
The company states that it primarily finances the acquisition of land for spec-built homes through borrowings from financial institutions, and that changes in interest rates could affect its performance and financial position.