Substantial Net Interest-Bearing Debt and Refinancing and Interest-Rate Risk
First written in FY2017. 11 of 18 entries say "Mitigated", first in FY2018. Latest entry: 2026-07-31.
The whole theme swung hardest in 2020: 64 of 143 companies on the "Worse" side.
- 2026-07-31WorsenedResults presentation
「Net interest-bearing debt 5,893 6,445 +551」
Net interest-bearing debt at the end of the first quarter increased from the end of the previous fiscal year, temporarily expanding the debt balance underlying refinancing and interest-rate risks. - FY2026MitigatedAnnual report
「Non-current liabilities decreased by ¥43.932 billion from the end of the previous consolidated fiscal year to ¥792.979 billion. The main factor was a decrease in long-term borrowings of ¥53.843 billion.」
Non-current liabilities declined from ¥836.912 billion at the end of the previous fiscal year to ¥792.979 billion, and long-term borrowings also decreased. - FY2026-H1MitigatedAnnual report
「Non-current liabilities decreased by ¥18.178 billion from the end of the previous consolidated fiscal year to ¥818.733 billion. The main factor was a decrease in long-term borrowings of ¥19.660 billion.」
Non-current liabilities and long-term borrowings decreased from the end of the previous fiscal year, reducing the liabilities underlying refinancing and interest rate risks. - FY2024-Q3MitigatedAnnual report
「Non-current liabilities decreased by ¥15.037 billion from the end of the previous consolidated fiscal year to ¥827.295 billion. The main factor was a decrease in long-term borrowings of ¥23.642 billion.」
Non-current liabilities decreased by ¥15.037 billion and long-term borrowings by ¥23.642 billion from the end of the previous fiscal year, reducing the liabilities underlying refinancing and interest rate risks. - FY2023-Q3MitigatedAnnual report
「Non-current liabilities decreased by ¥33.261 billion from the end of the previous consolidated fiscal year to ¥831.776 billion. The main factor was a decrease in long-term borrowings of ¥27.204 billion.」
Non-current liabilities and long-term borrowings decreased from the end of the previous fiscal year, reducing the liabilities underlying refinancing and interest rate risks. - FY2023-Q2MitigatedAnnual report
「Non-current liabilities decreased by ¥38.762 billion from the end of the previous consolidated fiscal year to ¥826.275 billion. The main factor was a decrease in long-term borrowings of ¥21.097 billion.」
Non-current liabilities and long-term borrowings decreased from the end of the previous fiscal year, reducing the liabilities underlying refinancing and interest rate risks. - FY2023-Q1MitigatedAnnual report
「Non-current liabilities decreased by ¥66 million from the end of the previous consolidated fiscal year to ¥864.972 billion. The main factor was a decrease in long-term borrowings of ¥3.698 billion.」
Non-current liabilities and long-term borrowings decreased from the end of the previous fiscal year, reducing the liabilities underlying refinancing and interest rate risks. - FY2022MitigatedAnnual report
「As a result, cash and cash equivalents on hand at the end of the consolidated fiscal year were ¥87.487 billion, equity was ¥311.141 billion, the equity ratio was 18.3%, net interest-bearing debt including borrowings and lease liabilities was ¥843.628 billion, and the net interest-bearing debt-to-EBITDA ratio was 19.9x.」
Net interest-bearing debt declined from ¥908.340 billion at the end of the previous fiscal year to ¥843.628 billion, while non-current liabilities and long-term borrowings were also reduced. - FY2022-Q3MitigatedAnnual report
「Non-current liabilities decreased by ¥27.679 billion from the end of the previous consolidated fiscal year to ¥906.246 billion. The main factor was a decrease in long-term borrowings of ¥33.669 billion.」
Non-current liabilities and long-term borrowings decreased from the end of the previous fiscal year, reducing the liabilities underlying net interest-bearing debt and refinancing risk. - FY2021WorsenedAnnual report
「Net interest-bearing debt stood at ¥908.340 billion as of the end of the consolidated fiscal year.」
Net interest-bearing debt increased from ¥875.147 billion to ¥908.340 billion, and the net interest-bearing debt-to-EBITDA ratio was 482.4x. - FY2021-Q3WorsenedAnnual report
「Non-current liabilities increased by ¥68.112 billion from the end of the previous consolidated fiscal year to ¥1,006.132 billion. The main factor was an increase in long-term borrowings of ¥71.293 billion.」
Non-current liabilities and long-term borrowings increased significantly from the end of the previous consolidated fiscal year, and interest-bearing debt underlying the refinancing and interest rate risks continued to increase. - FY2021-Q2WorsenedAnnual report
「Non-current liabilities increased by ¥84.634 billion from the end of the previous consolidated fiscal year to ¥1,022.654 billion. The main factor was an increase in long-term borrowings of ¥88.459 billion.」
Non-current liabilities increased by ¥84.634 billion and long-term borrowings by ¥88.459 billion, increasing interest-bearing debt underlying the refinancing and interest rate risks. - FY2021-Q1WorsenedAnnual report
「Non-current liabilities increased by ¥102.928 billion from the end of the previous consolidated fiscal year to ¥1,029.288 billion. The main factor was an increase in long-term borrowings of ¥96.076 billion.」
Non-current liabilities and long-term borrowings increased significantly in connection with funding during the COVID-19 pandemic. - FY2019-Q2MitigatedAnnual report
「Cash flow from financing activities resulted in a cash outflow of ¥13.215 billion as the Group reduced interest-bearing debt, an increase of ¥4.040 billion in cash outflows from the same period of the previous year.」
The reduction of interest-bearing debt was described as a response to interest rate and refinancing risks. - FY2018MitigatedAnnual report
「Net interest-bearing debt, calculated by deducting cash and cash equivalents from interest-bearing debt, stood at ¥875.147 billion as of the end of the consolidated fiscal year. We address short-term interest rate risk primarily by borrowing on a long-term, fixed-rate basis, but」
Net interest-bearing debt declined from ¥880.032 billion at the end of the previous fiscal year to ¥875.147 billion, and the Group continued to rely on long-term, fixed-rate borrowings. - FY2017First statedAnnual report
「Net interest-bearing debt stood at ¥880.032 billion as of the end of the consolidated fiscal year. We address short-term interest rate risk primarily by borrowing on a long-term, fixed-rate basis. However, interest expense could increase if interest rates rise or financial markets change, and it could become difficult to raise additional funds on favorable terms, including funds needed to refinance interest-bearing debt reaching maturity, if the Group's credit ratings are downgraded due to deterioration in its financial condition or other factors.」
Net interest-bearing debt was quantified at ¥880.032 billion, with higher interest rates, credit rating downgrades, and deteriorating refinancing and additional funding terms identified as risks.