Financial Position Risk from Leases and Interest-Bearing Debt
First written in FY2016. 22 of 36 entries say "Mitigated", first in FY2017-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「The balance of interest-bearing debt at the end of the fiscal year ending March 2026 was ¥10,820 million, representing 29.3% of total assets.」
The acquisition of aircraft under finance leases caused the balance of interest-bearing debt to increase significantly from ¥3,128 million at the end of the previous fiscal year to ¥10,820 million. Its ratio to total assets was 29.3%, and the financial burden from leases and interest-bearing debt is expanding. - FY2026-H1WorsenedAnnual report
「As a result of this transaction, lease liabilities, comprising current and non-current liabilities, increased by ¥8,160 million. The balance of interest-bearing debt at the end of the interim accounting period was ¥10,936 million.」
The acquisition of aircraft under finance leases increased lease liabilities by ¥8,160 million, and the balance of interest-bearing debt increased from ¥3,128 million at the end of the previous fiscal year to ¥10,936 million. - FY2025MitigatedAnnual report
「The balance of interest-bearing debt at the end of the fiscal year was ¥3,128 million.」
The balance of interest-bearing debt decreased from the previous recorded figure of ¥4,023 million to ¥3,128 million, while its ratio to total assets was 12.8%. - FY2025-H1MitigatedAnnual report
「This was mainly due to an increase of ¥592 million in derivative liabilities and an increase of ¥520 million in consumption taxes payable and other liabilities, while borrowings, comprising current and non-current liabilities, and lease liabilities, also comprising current and non-current liabilities, decreased by ¥1,753 million through repayments, and the provision for periodic maintenance decreased by ¥355 million. The balance of interest-bearing debt at the end of the interim accounting period was ¥4,023 million.」
The balance of interest-bearing debt was ¥4,023 million, compared with ¥3,583 million at the end of the previous fiscal year, due to repayments of borrowings and lease liabilities. It also decreased from the previous recorded figure of ¥5,676 million. - FY2024-Q3Slight decline in interest-bearing debt after additional borrowings, with the balance remaining highAnnual report
「Total liabilities at the end of the third quarter accounting period were ¥19,126 million, down ¥484 million from the end of the previous fiscal year. This was mainly due to short-term borrowings increasing by ¥800 million and long-term borrowings by ¥2,400 million through additional borrowings, while borrowings, comprising current and non-current liabilities, and lease liabilities, also comprising current and non-current liabilities, decreased by ¥1,107 million through scheduled repayments; the provision for periodic maintenance decreased by ¥2,272 million; and income taxes payable and other liabilities decreased by ¥176 million. The balance of interest-bearing debt at the end of the third quarter accounting period was ¥5,676 million.」
While short-term and long-term borrowings increased through additional borrowings, the balance of interest-bearing debt decreased slightly from ¥5,793 million at the end of the second quarter to ¥5,676 million through scheduled repayments. However, it remains at a high level above the ¥3,583 million recorded at the end of the previous fiscal year. - FY2024-Q2WorsenedAnnual report
「The balance of interest-bearing debt at the end of the second quarter accounting period was ¥5,793 million.」
The balance of interest-bearing debt increased from ¥3,583 million at the end of the previous fiscal year and ¥4,429 million at the end of the first quarter, increasing the financial burden. - FY2024-Q1WorsenedAnnual report
「The balance of interest-bearing debt at the end of the first quarter accounting period was ¥4,429 million.」
The balance of interest-bearing debt increased from ¥3,583 million at the end of the previous fiscal year to ¥4,429 million. The disclosure also stated that short-term borrowings increased by ¥1,000 million and long-term borrowings by ¥200 million. - FY2023MitigatedAnnual report
「The balance of interest-bearing debt at the end of the fiscal year ended March 2023 was ¥3,583 million, representing 16.8% of total assets.」
The balance of interest-bearing debt decreased from ¥4,936 million at the end of the previous fiscal year to ¥3,583 million, while its ratio to total assets declined from 24.5% to 16.8%, and the financial burden continued to decline. - FY2023-Q3MitigatedAnnual report
「The balance of interest-bearing debt at the end of the third quarter accounting period was ¥3,757 million.」
The balance of interest-bearing debt decreased further from ¥4,936 million at the end of the previous fiscal year and ¥4,111 million at the end of the previous second quarter, and the financial burden continues to decline. - FY2023-Q2MitigatedAnnual report
「The balance of interest-bearing debt at the end of the second quarter accounting period was ¥4,111 million.」
The balance of interest-bearing debt decreased from ¥4,936 million at the end of the previous fiscal year to ¥4,111 million, and the financial burden from scheduled repayments of borrowings and lease liabilities continues to decline. - FY2023-Q1MitigatedAnnual report
「The balance of interest-bearing debt at the end of the first quarter accounting period was ¥4,523 million.」
The balance of interest-bearing debt decreased from ¥4,936 million at the end of the previous fiscal year to ¥4,523 million, and the financial burden continues to decline. - FY2022MitigatedAnnual report
「The balance of interest-bearing debt at the end of the fiscal year ended March 2022 was ¥4,936 million, representing 24.5% of total assets.」
The balance of interest-bearing debt decreased significantly from ¥10,898 million at the end of the previous fiscal year to ¥4,936 million, while its ratio to total assets declined from 33.3% to 24.5%. The interest rate risk itself continues. - FY2022-Q3MitigatedAnnual report
「This was mainly due to borrowings, comprising current and non-current liabilities, and lease liabilities, also comprising current and non-current liabilities, decreasing by ¥5,492 million through scheduled repayments; trade and other payables decreasing by ¥2,435 million through payments; the reversal of ¥2,165 million in provisions related to equipment sold in August and November (JA08MC and JA23MC); and a ¥433 million decrease in the provision for periodic maintenance, net of additions to provisions for other equipment. The balance of interest-bearing debt at the end of the third quarter accounting period was ¥5,406 million.」
The balance of interest-bearing debt decreased from ¥7,194 million at the end of the previous quarter to ¥5,406 million through scheduled repayments and other factors, further reducing the financial burden. - FY2022-Q2MitigatedAnnual report
「The balance of interest-bearing debt at the end of the second quarter accounting period was ¥7,194 million.」
The balance of interest-bearing debt decreased from ¥10,898 million at the end of the previous fiscal year and ¥8,175 million at the end of the previous first quarter, with the decline in the financial burden from scheduled repayments of borrowings and lease liabilities continuing. - FY2022-Q1MitigatedAnnual report
「The balance of interest-bearing debt at the end of the first quarter accounting period was ¥8,175 million.」
The balance of interest-bearing debt decreased from ¥10,898 million at the end of the fiscal year ended March 2021 to ¥8,175 million. The financial burden is declining due to scheduled repayments of borrowings and lease liabilities. - FY2021WorsenedAnnual report
「In addition, the Company has financed the funds required to date through borrowings from financial institutions and finance leases. As a result, the balance of interest-bearing debt at the end of the fiscal year ended March 2021 was ¥10,898 million, representing a high 33.3% of total assets.」
The balance of interest-bearing debt increased from ¥9,855 million at the end of the previous fiscal year to ¥10,898 million, representing 33.3% of total assets. - FY2021-Q3MitigatedAnnual report
「The balance of interest-bearing debt at the end of the third quarter accounting period was ¥12,537 million.」
The balance of interest-bearing debt decreased from ¥12,997 million at the end of the second quarter accounting period to ¥12,537 million. However, it remains at a high level above the ¥9,855 million recorded at the end of the previous fiscal year, and concerns about a breach of financial covenants continue. - FY2021-Q2WorsenedAnnual report
「The balance of interest-bearing debt at the end of the second quarter accounting period was ¥12,997 million.」
The balance of interest-bearing debt increased from ¥10,466 million at the end of the first quarter to ¥12,997 million, increasing the financial burden. - FY2021-Q1WorsenedAnnual report
「The balance of interest-bearing debt at the end of the first quarter accounting period was ¥10,466 million.」
The balance of interest-bearing debt increased from ¥9,855 million at the end of the previous fiscal year to ¥10,466 million, increasing the financial burden. - FY2020WorsenedAnnual report
「In addition, the Company has financed the funds required to date through borrowings from financial institutions and finance leases. As a result, the balance of interest-bearing debt at the end of the fiscal year ended March 2020 was ¥9,855 million, representing a high 33.4% of total assets. Accordingly, if financing conditions deteriorate going forward and the interest burden rises, this could affect the Company’s performance.」
The balance of interest-bearing debt increased from ¥8,864 million at the end of the previous fiscal year to ¥9,855 million, representing 33.4% of total assets. Undiscounted operating lease payments of ¥28,825 million were also disclosed. - FY2020-Q3MitigatedAnnual report
「This was mainly due to an increase of ¥1,038 million in the provision for periodic maintenance, net of additions and utilization, while borrowings recorded at the end of the previous fiscal year, comprising current and non-current liabilities, decreased by ¥890 million through scheduled repayments, and lease liabilities, also comprising current and non-current liabilities, decreased by ¥819 million through scheduled repayments. The balance of interest-bearing debt at the end of the third quarter accounting period was ¥7,155 million.」
Borrowings decreased by ¥890 million and lease liabilities by ¥819 million through scheduled repayments, while the balance of interest-bearing debt also decreased from ¥7,465 million at the end of the previous quarter to ¥7,155 million. - FY2020-Q2MitigatedAnnual report
「Total liabilities at the end of the second quarter accounting period were ¥19,060 million, down ¥489 million from the end of the previous fiscal year. This was mainly due to an increase of ¥403 million in the provision for periodic maintenance, net of additions and utilization, while borrowings recorded at the end of the previous fiscal year, comprising current and non-current liabilities, decreased by ¥751 million through scheduled repayments, and lease liabilities, also comprising current and non-current liabilities, decreased by ¥647 million through scheduled repayments. The balance of interest-bearing debt at the end of the second quarter accounting period was ¥7,465 million.」
Total liabilities decreased due to scheduled repayments of ¥751 million in borrowings and ¥647 million in lease liabilities, while the balance of interest-bearing debt decreased from ¥8,152 million at the end of the previous quarter to ¥7,465 million. - FY2020-Q1MitigatedAnnual report
「The balance of interest-bearing debt at the end of the first quarter accounting period was ¥8,152 million.」
The balance of interest-bearing debt decreased from ¥9,227 million at the end of the third quarter of the fiscal year ending March 2019, the previous recorded figure, to ¥8,152 million, reducing the financial burden through repayments. It remains above the ¥6,080 million recorded at the end of the same quarter of the previous year. Therefore, quantified is determined to be true and materialized false. - FY2019-Q3MitigatedAnnual report
「The balance of interest-bearing debt at the end of the third quarter accounting period was ¥9,227 million.」
The balance of interest-bearing debt decreased from ¥9,588 million at the end of the previous quarter to ¥9,227 million. However, it remains above the ¥6,080 million recorded at the end of the previous fiscal year. - FY2019-Q2WorsenedAnnual report
「The balance of interest-bearing debt at the end of the second quarter accounting period was ¥9,588 million.」
The balance of interest-bearing debt increased from ¥6,080 million at the end of the previous fiscal year and ¥8,965 million at the end of the previous quarter, further increasing the financial burden. - FY2019-Q1WorsenedAnnual report
「Interest-bearing debt at the end of the first quarter amounted to ¥8,965 million.」
Interest-bearing debt increased from ¥6,080 million at the end of the previous fiscal year to ¥8,965 million due to new borrowings for aircraft introductions. The financial burden from leases and interest-bearing debt is expanding again. - FY2018MitigatedAnnual report
「In addition, as a result of obtaining the funds required to date through borrowings from financial institutions and finance leases, interest-bearing debt totaled ¥6,080 million at the end of the fiscal year ended March 2018, representing 24.5% of total assets.」
Interest-bearing debt declined from ¥7,061 million in the previous fiscal year to ¥6,080 million, and the ratio to total assets fell from 32.1% to 24.5%. Meanwhile, the company plans to bring one aircraft onto the balance sheet following its purchase and introduction. - FY2018-Q3MitigatedAnnual report
「Total liabilities at the end of the third quarter amounted to ¥15,166 million, a decrease of ¥547 million from the end of the previous fiscal year. This was mainly due to a ¥813 million increase in the provision for periodic maintenance, including additional provisions, offset by decreases of ¥451 million in borrowings, comprising current and non-current liabilities, and ¥578 million in lease obligations, comprising current and non-current liabilities, due to scheduled repayments.」
Total liabilities decreased by ¥547 million from the end of the previous fiscal year, while borrowings declined by ¥451 million and lease obligations by ¥578 million. The financial burden from leases and interest-bearing debt has continued to decline. - FY2018-Q2MitigatedAnnual report
「Total liabilities at the end of the second quarter amounted to ¥15,538 million, a decrease of ¥175 million from the end of the previous fiscal year. This was mainly due to a ¥540 million increase in the provision for periodic maintenance, including additional provisions, offset by decreases of ¥300 million in borrowings, comprising current and non-current liabilities, and ¥385 million in lease obligations, comprising current and non-current liabilities, due to scheduled repayments.」
Total liabilities decreased by ¥175 million from the end of the previous fiscal year, while borrowings declined by ¥300 million and lease obligations by ¥385 million. - FY2018-Q1MitigatedAnnual report
「Total liabilities at the end of the first quarter amounted to ¥15,063 million, a decrease of ¥650 million from the end of the previous fiscal year. This was mainly due to a ¥265 million increase in the provision for periodic maintenance, including additional provisions, offset by decreases of ¥150 million in borrowings, comprising current and non-current liabilities, due to scheduled repayments, ¥193 million in lease obligations, comprising current and non-current liabilities, and ¥648 million in accrued income taxes, primarily due to payments of corporate, inhabitant and enterprise taxes.」
Total liabilities decreased by ¥650 million from the end of the previous fiscal year, while borrowings declined by ¥150 million and lease obligations by ¥193 million. - FY2017MitigatedAnnual report
「In addition, as a result of obtaining the funds required to date through borrowings from financial institutions and finance leases, interest-bearing debt totaled ¥7,061 million at the end of the fiscal year ended March 2017, representing a high 32.1% of total assets.」
Interest-bearing debt declined from ¥7,061 million in the previous fiscal year to ¥6,080 million, and the ratio to total assets fell from 32.1% to 24.5%. Meanwhile, the possibility of bringing ¥31,016 million in unexpired operating lease payments onto the balance sheet continues to be disclosed. - FY2017-Q3MitigatedAnnual report
「Total liabilities at the end of the third quarter amounted to ¥14,845 million, a decrease of ¥966 million from the end of the previous fiscal year. This was mainly due to a ¥666 million increase in the provision for periodic maintenance, including additional provisions, offset by decreases of ¥571 million in accounts payable and other payables, including trade accounts payable and other payables, ¥583 million in borrowings, comprising current and non-current liabilities, due to scheduled repayments, and ¥598 million in lease obligations, comprising current and non-current liabilities.」
Total liabilities decreased by ¥966 million from the end of the previous fiscal year, while borrowings and lease obligations also declined. - FY2017-Q2MitigatedAnnual report
「Total liabilities at the end of the second quarter amounted to ¥14,596 million, a decrease of ¥1,215 million from the end of the previous fiscal year. This was mainly due to decreases of ¥632 million in accounts payable and other payables, including trade accounts payable and other payables, ¥434 million in borrowings, comprising current and non-current liabilities, and ¥398 million in lease obligations, comprising current and non-current liabilities, primarily because liabilities recognized at the end of the previous fiscal year were paid.」
Total liabilities, borrowings and lease obligations declined from the end of the previous fiscal year, reducing the quantitative burden on the financial structure. - FY2016First statedAnnual report
「As of the end of the fiscal year ended March 2016, interest-bearing debt totaled ¥8,594 million, representing 42.9% of total assets. Accordingly, if financing conditions deteriorate and interest costs rise, the Company’s results could be affected.」
The Company discloses the potential on-balance-sheet recognition of operating leases, higher interest rates and possible breaches of financial covenants.