Borrowings, Rising Interest Rates and Financing Risks Related to the Taskforce Acquisition
First written in FY2024-Q1. 2 of 4 entries say "Worsened", first in FY2025. Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
- FY2026-H1WorsenedAnnual report
「At the end of the interim consolidated accounting period, total liabilities increased by ¥304,520 thousand from the end of the previous consolidated fiscal year to ¥4,106,199 thousand. The main factors were a ¥249,067 thousand increase in long-term borrowings to ¥2,359,869 thousand, a ¥101,186 thousand increase in accounts payable and other liabilities to ¥505,765 thousand, and a ¥59,957 thousand increase in current maturities of long-term borrowings to ¥568,092 thousand.」
Borrowings including ¥590,000 thousand used for the Include acquisition increased long-term borrowings to ¥2,359,869 thousand and current maturities to ¥568,092 thousand, expanding exposure to borrowing, higher interest rates and funding risks. - FY2025WorsenedAnnual report
「As of the end of the fiscal year ended December 2025, long-term borrowings totaled ¥2,618 million, including ¥508 million due within 1 year.」
The company continued using borrowings for M&A and other purposes. Long-term borrowings totaled ¥2,618 million, and the company reaffirmed the risk that funding shortfalls or higher market interest rates could affect results and financial condition. - FY2024-H1RestatedAnnual report
「In acquiring the shares of Taskforce Co., Ltd., our group raised a total of ¥2,200,000 thousand in funding from financial institutions. Our group seeks to maximize long-term corporate value by effectively using liabilities such as borrowings rather than relying solely on equity to fund operations and growth. However, if planned funding cannot be executed because of unstable financial markets or our group’s results or financial position, or if interest rates rise, this could affect our group’s results and financial condition.」
The company reaffirmed the ¥2.2 billion borrowing for the Taskforce acquisition, its policy of using debt alongside equity and the risks of funding shortfalls and higher interest rates. - FY2024-Q1First statedAnnual report
「In acquiring the shares of Taskforce Co., Ltd., our group raised a total of ¥2,200,000 thousand in funding from financial institutions.」
The company first disclosed the risk that unstable financial markets, underperformance or a weaker financial position could prevent planned funding or lead to higher interest rates, affecting results and financial condition, in connection with ¥2.2 billion of funding for the Taskforce acquisition.