The Burden of Long-Term Debt and Interest Expense
First written in FY2016. 11 of 26 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-08-05.
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Total liabilities were ¥2.6495 trillion, an increase of ¥177.3 billion from the end of the previous consolidated fiscal year. This was mainly due to an increase in borrowings.」
Total liabilities increased by ¥177.3 billion from the end of the previous fiscal year, mainly due to higher borrowings, while interest expense also increased by ¥2.2 billion year on year to ¥21.7 billion. - FY2025MitigatedAnnual report
「Total liabilities were ¥2.4721 trillion, a decrease of ¥80.7 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in borrowings.」
Total liabilities decreased by ¥80.7 billion from the end of the previous fiscal year, mainly due to lower borrowings, while interest expense also decreased to ¥19.5 billion. - FY2024MitigatedAnnual report
「Total liabilities were ¥2.5529 trillion, a decrease of ¥38.2 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in bonds.」
Total liabilities decreased by ¥38.2 billion from the end of the previous fiscal year due to bond redemptions and other factors, while interest expense also decreased by ¥0.7 billion year on year to ¥20.1 billion. - FY2024-Q3MitigatedAnnual report
「Total liabilities were ¥2.4309 trillion, a decrease of ¥160.2 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in bonds.」
Total liabilities decreased by ¥160.2 billion from the end of the previous consolidated fiscal year, with the decrease in bonds cited as the primary cause. - FY2024-Q2MitigatedAnnual report
「Total liabilities were ¥2.4305 trillion, a decrease of ¥160.6 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in bonds.」
Total liabilities decreased by ¥160.6 billion from the end of the previous consolidated fiscal year, with the decrease in bonds cited as the primary cause. - FY2024-Q1MitigatedAnnual report
「Total liabilities were ¥2.4523 trillion, a decrease of ¥138.8 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in bonds.」
Total liabilities decreased by ¥138.8 billion from the end of the previous consolidated fiscal year, with the decrease in bonds cited as the primary cause. - FY2023MitigatedAnnual report
「Total liabilities were ¥2.5911 trillion, a decrease of ¥37.0 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in borrowings.」
Total liabilities decreased by ¥37.0 billion from the end of the previous fiscal year, reflecting a reduction in the liability burden mainly due to lower borrowings. - FY2023-Q3Decrease in total liabilitiesAnnual report
「Total liabilities were ¥2.5730 trillion, a decrease of ¥55.1 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in borrowings.」
Total liabilities decreased by ¥55.1 billion from the end of the previous consolidated fiscal year, with the decrease in borrowings cited as the primary cause. - FY2023-Q2Decrease in total liabilitiesAnnual report
「Total liabilities were ¥2.5502 trillion, a decrease of ¥77.9 billion from the end of the previous consolidated fiscal year. This was mainly due to a decrease in accounts payable.」
Total liabilities decreased by ¥77.9 billion from the end of the previous consolidated fiscal year. The primary cause was a decrease in accounts payable, and no clear improvement in the long-term debt burden itself was reported. - FY2022WorsenedAnnual report
「As of 31 March 2022, consolidated long-term debt was ¥1.7248 trillion, up 10.6% from the previous fiscal year, including amounts due for repayment within one year, and interest expense was ¥21.4 billion.」
As a result of securing funding early and in sufficient volume amid the pandemic, long-term debt increased 10.6% from the previous fiscal year, and interest expense was ¥21.4 billion. - FY2022-Q3Slower growth in total liabilitiesAnnual report
「Total liabilities were ¥2.5928 trillion, an increase of ¥71.7 billion from the end of the previous consolidated fiscal year. This was mainly due to increases in bonds and borrowings.」
Total liabilities increased by ¥71.7 billion from the end of the previous consolidated fiscal year, but decreased from ¥2.6203 trillion at the end of the previous quarter. Increases in bonds and borrowings were cited as the primary cause. - FY2022-Q2WorsenedAnnual report
「Total liabilities were ¥2.6203 trillion, an increase of ¥99.2 billion from the end of the previous consolidated fiscal year. This was mainly due to an increase in bonds.」
Total liabilities increased by ¥99.2 billion from the end of the previous consolidated fiscal year, mainly due to an increase in bonds, and the debt burden continued to rise. - FY2022-Q1WorsenedAnnual report
「Total liabilities were ¥2.6303 trillion, an increase of ¥109.2 billion from the end of the previous consolidated fiscal year. This was mainly due to an increase in bonds.」
Total liabilities increased by ¥109.2 billion from the end of the previous consolidated fiscal year, mainly due to an increase in bonds, and the debt burden continued to rise. - FY2021WorsenedAnnual report
「In the fiscal year ending March 2021, the company worked to secure funding early and in sufficient volume in light of the severe operating conditions caused by the COVID-19 pandemic. As a result, as of 31 March 2021, consolidated long-term debt was ¥1.5595 trillion, up 53.0% from the previous fiscal year, including amounts due for repayment within one year, and interest expense was ¥20.4 billion.」
As a result of securing funding, consolidated long-term debt increased 53.0% year on year to ¥1.5595 trillion, and the debt burden increased substantially. - FY2021-Q3WorsenedAnnual report
「Total liabilities were ¥2.4918 trillion, an increase of ¥439.7 billion from the end of the previous consolidated fiscal year. This was mainly due to increases in bonds and borrowings.」
Total liabilities increased by ¥439.7 billion from the end of the previous consolidated fiscal year, mainly due to increases in bonds and borrowings. - FY2021-Q2WorsenedAnnual report
「Total liabilities were ¥2.4322 trillion, an increase of ¥380.0 billion from the end of the previous consolidated fiscal year. This was mainly due to increases in bonds and borrowings.」
Total liabilities increased by ¥380.0 billion from the end of the previous consolidated fiscal year, mainly due to increases in bonds and borrowings. - FY2021-Q1WorsenedAnnual report
「Total liabilities were ¥2.3222 trillion, an increase of ¥270.1 billion from the end of the previous consolidated fiscal year. This was mainly due to increases in bonds and borrowings.」
Against the backdrop of securing funding amid the COVID-19 pandemic, total liabilities increased by ¥270.1 billion from the end of the previous fiscal year, mainly due to increases in bonds and borrowings. - FY2020MitigatedAnnual report
「As of 31 March 2020, consolidated long-term debt stood at ¥1,018.9 billion, down 4.2% from the previous fiscal year, including amounts due for repayment within one year. Interest expense was ¥20.9 billion, ¥20.0 billion, and ¥19.4 billion for the fiscal years ended March 2018, March 2019, and March 2020, respectively.」
Long-term debt was ¥1.0189 trillion, down 4.2% from the previous fiscal year, while interest expense decreased to ¥19.4 billion. At the same time, the company says it worked to secure funding early amid the COVID-19 pandemic. - FY2019Increase in the balance and decline in interest expenseAnnual report
「As of 31 March 2019, consolidated long-term debt stood at ¥1,064.0 billion, up 3.1% from the previous fiscal year, including amounts due for repayment within one year. Interest expense was ¥23.3 billion, ¥20.9 billion, and ¥20.0 billion for the fiscal years ended March 2017, March 2018, and March 2019, respectively.」
Although the long-term debt balance increased to ¥1,064.0 billion, interest expense declined to ¥20.0 billion. - FY2018MitigatedAnnual report
「As of 31 March 2018, consolidated long-term debt stood at ¥1,032.2 billion, down 0.5% from the previous fiscal year, including amounts due for repayment within one year. Interest expense was ¥24.1 billion, ¥22.3 billion, and ¥20.9 billion for the fiscal years ended March 2016, March 2017, and March 2018, respectively.」
The long-term debt balance declined 0.5% from the previous fiscal year, and interest expense decreased to ¥20.9 billion. Also states the policy of continuing to monitor the debt burden. - FY2017Discloses both the increase in the balance and completion of repaymentAnnual report
「As of 31 March 2017, consolidated long-term debt stood at ¥1,037.9 billion, up 3.6% year on year, including amounts due for repayment within one year. Interest expense was ¥25.8 billion, ¥24.1 billion, and ¥22.3 billion for the fiscal years ended March 2015, March 2016, and March 2017, respectively. Of the purchase price for the acquired assets, ¥859.1 billion was fully repaid in January 2017.」
Although the long-term debt balance increased, repayment of ¥859.1 billion of the purchase price for the Sanyo Shinkansen facilities was completed, and interest expense declined to ¥22.3 billion. - FY2016First statedAnnual report
「As of 31 March 2016, consolidated long-term debt stood at ¥1,001.8 billion, down 0.2% year on year, including amounts due for repayment within one year. Interest expense was ¥28.0 billion, ¥25.8 billion, and ¥24.1 billion for the fiscal years ended March 2014, March 2015, and March 2016, respectively.」
Discloses specific balances of long-term debt and interest expense arising from former Japanese National Railways debt, and indicates the potential impact on financial condition and performance if cash flow is insufficient.