Excessive Interest-Bearing Debt and Rising Interest Rate Risk
First written in FY2017. 5 of 8 entries say "Materialised", first in FY2024. Latest entry: 2026-10-29.
The whole theme swung hardest in 2020: 64 of 143 companies on the "Worse" side.
- 2026-10-29MaterialisedEarnings
「支払利息は335百万円から409百万円に増加している。」
支払利息が前年同期の335百万円から409百万円へ増加し、金利上昇に伴う影響がさらに実績化している。 - FY2026MaterialisedAnnual report
「Non-operating expenses were ¥792 million, an increase of ¥147 million, or 22.8%, from the previous consolidated fiscal year. This was mainly due to an increase in interest expenses.」
The increase in interest expenses related to higher interest rates continued and was reflected in actual results as an increase in non-operating expenses. - 2026-05-14MaterialisedEarnings
「支払利息 606 701」
支払利息が前年度の606百万円から701百万円へ増加し、金利上昇に伴う負担増が継続している。 - FY2026-H1MaterialisedAnnual report
「Interest expenses 293 335」
Interest expenses for the interim consolidated accounting period were ¥335 million, up from ¥293 million in the same period of the previous year. The impact of higher interest rates on interest expenses continued. - FY2024MaterialisedAnnual report
「Non-operating expenses were ¥646 million, an increase of ¥16 million, or 2.5%, from the previous consolidated fiscal year. This was due to an increase in interest expenses resulting from higher borrowing rates.」
Interest rates actually rose, and interest expenses increased as borrowing rates rose. - FY2019RestatedAnnual report
「The interest-bearing debt of our Group is excessive relative to operating cash flow. Although most borrowings and similar debt are obtained at fixed interest rates to avoid interest rate fluctuation risk, a prolonged period of rising interest rates could affect the operating results and financial position of our Group.」
We continue to disclose the excessive level of interest-bearing debt relative to operating cash flow, the risk of prolonged interest rate increases and the response of using fixed-rate financing. - FY2018RestatedAnnual report
「The interest-bearing debt of our Group is excessive relative to operating cash flow. Although most borrowings and similar debt are obtained at fixed interest rates to avoid interest rate fluctuation risk, a prolonged period of rising interest rates could affect the operating results and financial position of our Group.」
We continue to disclose the excessive level of interest-bearing debt relative to operating cash flow, the risk of prolonged interest rate increases and the response of using fixed-rate financing. - FY2017First statedAnnual report
「The interest-bearing debt of our Group is excessive relative to operating cash flow. Although most borrowings and similar debt are obtained at fixed interest rates to avoid interest rate fluctuation risk, a prolonged period of rising interest rates could affect the operating results and financial position of our Group.」
We disclose as risks the excessive level of interest-bearing debt relative to operating cash flow and the impact of prolonged interest rate increases. We also refer to the mitigation provided by fixed-rate financing.