Interest-Bearing Debt and Interest-Rate Increase Risk

「負債は、借入金を含めた有利子負債が減少した影響等により、前連結会計年度末と比較して5,698百万円の減少となりました。」

「Debt decreased in accounts payable related to contracted redevelopment work at the south entrance plaza of Hiroshima Station and capital expenditures, while interest-bearing debt, including borrowings, increased partly as a result of including A&C Co., Ltd. among the consolidated subsidiaries.」

「費用面では、人件費や、設備投資の進捗に伴う減価償却費の増加のほか、資源価格の上昇の影響や金利上昇に伴う支払利息の増加が見込まれるため、特別損失が大きく減少するものの、親会社株主に帰属する当期純利益は、減益となる見通しであります。」

「Debt decreased by ¥6,765 million from the end of the previous consolidated fiscal year, reflecting a decrease in accounts payable related to contracted redevelopment work at the south entrance plaza of Hiroshima Station and capital expenditures, as well as a decrease in interest-bearing debt.」

「Interest-bearing debt/EBITDA multiple Plan/target —x 8.6x 7.0x Actual 4.5 7.5 —」

「Cash flows from financing activities amounted to an inflow of ¥642 million in the current interim consolidated accounting period, compared with an outflow of ¥2,623 million in the previous interim consolidated accounting period, when interest-bearing debt was reduced, as interest-bearing debt increased in the current period.」

「Interest-bearing debt/EBITDA multiple　Plan/target　FY2023 actual　6.4x　FY2025 plan　7.0x」

「Liabilities decreased by ¥5,042 million from the end of the previous consolidated fiscal year, reflecting a ¥3,615 million decrease in accounts payable due to payments related to the Hiroshima Station South Exit Plaza redevelopment contract and capital expenditures, and a ¥1,270 million decrease in interest-bearing debt, including borrowings and bonds.」

「Liabilities decreased by ¥5,323 million from the end of the previous consolidated fiscal year, reflecting a ¥3,691 million decrease in accounts payable due to payments related to the Hiroshima Station South Exit Plaza redevelopment contract and capital expenditures, and a ¥2,321 million decrease in interest-bearing debt, including borrowings and bonds.」

「Liabilities decreased by ¥5,173 million from the end of the previous consolidated fiscal year, reflecting decreases in accounts payable related to the Hiroshima Station South Exit Plaza redevelopment contract and capital expenditures, as well as a decrease in interest-bearing debt, including borrowings and bonds.」

「Liabilities decreased by ¥502 million from the end of the previous consolidated fiscal year, as accounts payable decreased by ¥1,556 million due mainly to payments for capital expenditures made in the previous consolidated fiscal year, despite increases in deposits received related to the Hiroshima Station South Exit Plaza redevelopment contract and in interest-bearing debt, including borrowings and bonds.」

「Liabilities decreased by ¥1,011 million from the end of the previous consolidated fiscal year, as interest-bearing debt, including borrowings and bonds, decreased by ¥596 million and accounts payable decreased by ¥1,559 million due mainly to payments for capital expenditures made in the previous consolidated fiscal year, despite an increase in deposits received related to the Hiroshima Station South Exit Plaza redevelopment contract.」

「Liabilities decreased by ¥2,051 million from the end of the previous consolidated fiscal year, as interest-bearing debt, including borrowings and bonds, decreased by ¥2,704 million and accounts payable decreased by ¥1,578 million due mainly to payments for capital expenditures made in the previous consolidated fiscal year, despite an increase in deposits received related to the Hiroshima Station South Exit Plaza redevelopment contract.」

「Meanwhile, interest-bearing debt increased by ¥4,792 million due to capital expenditures, including work to relocate Hiroden Miyajima-guchi Station as part of the Miyajima-guchi improvement project, and payments of various taxes and social insurance premiums that had been deferred in connection with COVID-19.」

「Liabilities decreased by ¥1,194 million from the end of the previous consolidated fiscal year, despite a ¥3,357 million increase in interest-bearing debt, including borrowings and bonds, mainly because consumption taxes payable, corporate taxes payable and accrued expenses decreased by a combined ¥1,448 million due to payments of various taxes and social insurance premiums for which payment deferrals related to COVID-19 had been granted, and accounts payable decreased by ¥1,863 million due mainly to payments for capital expenditures made in the previous consolidated fiscal year.」

「Short-term borrowings　8,301　6,716 Current portion of bonds　87　87 Bonds　137　118 Long-term borrowings　13,376　14,686」

「Interest-bearing debt, including borrowings and bonds, increased by ¥1,654 million, among other factors.」

「Interest-bearing debt, including borrowings and bonds, increased by ¥1,096 million, among other factors.」

「Interest-bearing debt, including borrowings and bonds, increased by ¥775 million.」

「Interest-bearing debt/EBITDA multiple　FY2019 actual　4.5　FY2022 plan　5.1　FY2025 target　4.8」

「Liabilities decreased by ¥2,591 million from the end of the previous consolidated fiscal year, reflecting a ¥1,938 million decrease in accounts payable due mainly to payments for capital expenditures made in the previous consolidated fiscal year, and a ¥973 million decrease in interest-bearing debt, including borrowings and bonds.」

「Liabilities decreased by ¥2,665 million from the end of the previous consolidated fiscal year, reflecting a ¥1,806 million decrease in accounts payable due mainly to payments for capital expenditures made in the previous consolidated fiscal year, and a ¥1,667 million decrease in interest-bearing debt, including borrowings and bonds.」

「Interest-bearing debt, including borrowings and bonds, decreased by ¥1,070 million, resulting in a decrease of ¥2,121 million from the end of the previous consolidated fiscal year.」

「Spending on businesses intended to generate future revenue increased, and interest-bearing debt turned slightly higher」

「Interest-bearing debt, including bonds, increased by ¥774 million to fund capital expenditures」

「Interest-bearing debt, including bonds, increased by ¥1,140 million to fund capital expenditures」

「Interest-bearing debt, including bonds, increased by ¥978 million」

「Total liabilities decreased by ¥589 million from the end of the previous consolidated fiscal year, mainly owing to a ¥323 million decrease in interest-bearing debt, including borrowings and bonds.」

「Total liabilities decreased by ¥2,103 million from the end of the previous consolidated fiscal year, as accounts payable decreased by ¥1,429 million owing mainly to payments for capital investments made in the previous consolidated fiscal year and interest-bearing debt, including borrowings and bonds, decreased by ¥321 million.」

「Total liabilities decreased by ¥1,496 million from the end of the previous consolidated fiscal year, mainly owing to a ¥1,937 million decrease in interest-bearing debt, including borrowings and bonds.」

「Interest-bearing debt, including bonds, decreased by ¥2,024 million, in addition to」

「Although current liabilities “Other” increased by ¥856 million due to an increase in advances received for contract work, interest-bearing debt, including bonds, decreased by ¥2,358 million, in addition to」

「Interest-bearing debt, including bonds, decreased by ¥2,720 million, while a ¥1,377 million decrease in “Accounts payable” due to payments for capital expenditures made in the previous consolidated fiscal year and other factors resulted in a total decrease of ¥2,883 million from the end of the previous consolidated fiscal year.」

「Our Group has substantial interest-bearing debt to fund capital expenditures and other needs. If interest rates rise and the interest burden increases due to future changes in economic conditions, the Group’s performance and financial condition may be affected.」