Reliance on Borrowings, Interest Rate Fluctuations and Credit Rating Downgrades
First written in FY2016. 1 of 3 entries say "Worsened", first in 2026-07-30. Latest entry: 2026-07-30.
Nankai moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- 2026-07-30WorsenedFinancial Results Presentation
「Interest expenses 1,354 950 404 Increase due to higher interest rates and an increase in interest-bearing debt」
Interest expenses increased by ¥404 million year on year due to higher interest rates and an increase in interest-bearing debt. - FY2026Update on increased interest-bearing debt and the financing environmentAnnual report
「Total liabilities at the end of the consolidated fiscal year under review amounted to ¥711,015 million, an increase of ¥59,865 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥27,360 million in other current liabilities, primarily from an increase in accounts payable, ¥24,500 million in interest-bearing debt, and ¥6,842 million in deferred tax liabilities.」
The balance of interest-bearing debt increased by ¥24,500 million from the end of the previous fiscal year, resulting in an increase in total liabilities. Proceeds of ¥59,960 million from long-term borrowings and a bond issuance were also disclosed. - FY2016First statedAnnual report
「Due to the nature of its business, the company has a high level of reliance on borrowings. If it issues a substantial amount of bonds or takes out bank loans to fund capital expenditures or M&A, its interest-bearing debt balance may increase further. The company will diversify its financing methods and work to maintain financial soundness, but an increase in the interest burden due to changes in interest rates may adversely affect performance.」
The disclosure identified reliance on borrowings, additional financing, interest burdens and credit-rating downgrades as financing risks.