Dependence on Interest-Bearing Debt and Funding and Interest-Rate Risk
First written in FY2023. 9 of 10 entries say "Mitigated", first in FY2024. Latest entry: 2026-11-13.
The whole theme swung hardest in 2020: 64 of 141 companies on the "Worse" side.
- 2026-11-13MitigatedResults
「固定負債は前連結会計年度末に比べ69百万円減少し、2,750百万円となりました。主な要因は、長期借入金の減少125百万円、長期未払金等その他の増加52百万円によるものです。」
長期借入金が125百万円減少し、有利子負債依存・資金調達リスクへの対応が進んでいる。ただし、リスク解消の記載ではない。 - FY2027-H1MitigatedAnnual report
「Fixed liabilities decreased ¥69 million from the end of the previous consolidated fiscal year to ¥2,750 million. The main factors were a ¥125 million decrease in long-term borrowings and a ¥52 million increase in other liabilities, including long-term unpaid amounts.」
Fixed liabilities declined, and long-term borrowings also decreased ¥125 million, indicating progress in addressing reliance on interest-bearing debt and financing risk. - 2026-08-10MitigatedResults
「固定負債は前連結会計年度末に比べ29百万円減少し、2,791百万円となりました。主な要因は、その他（固定負債）が32百万円増加したものの、長期借入金の減少62百万円によるものであります。」
長期借入金が減少し、有利子負債依存・資金調達リスクへの対応が進んでいる。 - FY2026MitigatedAnnual report
「Interest-bearing debt as a percentage of total assets remained high, at 40.7% in the fiscal year ended March 2025 and 36.9% in the fiscal year ending March 2026.」
The interest-bearing debt ratio declined from 40.7% to 36.9%, and long-term borrowings also decreased. However, the company states that the ratio remains high and that the risks relating to financing and rising interest rates remain. - 2026-05-15MitigatedResults
「主な要因は、長期借入金の減少280百万円に対して、長期未払金の増加91百万円、資産除去債務の増加204百万円、リース債務の増加13百万円があったことによるものであります。」
長期借入金が280百万円減少し、有利子負債依存・資金調達リスクへの対応が進んでいる。一方、固定負債全体は増加している。 - FY2026-H1MitigatedAnnual report
「Non-current liabilities decreased by ¥77 million from the end of the previous consolidated fiscal year to ¥2,712 million. The main factors were a ¥146 million decrease in long-term borrowings and a ¥57 million increase in other liabilities, including long-term accounts payable.」
Non-current liabilities decreased, including a ¥146 million decrease in long-term borrowings, indicating progress in addressing dependence on interest-bearing debt and financing risks. However, the disclosure does not state that the risks have been eliminated. - FY2025MitigatedAnnual report
「Interest-bearing debt as a percentage of total assets remained high, at 44.7% in the fiscal year ended March 2024 and 40.7% in the fiscal year ended March 2025.」
The interest-bearing debt ratio declined from 44.7% to 40.7%, but remains high, and the risks relating to financing and rising interest rates remain. - FY2025-H1MitigatedAnnual report
「Current liabilities decreased by ¥285 million from the end of the previous consolidated fiscal year to ¥2,667 million. The main factors were a ¥172 million decrease in borrowings and a ¥116 million decrease in other liabilities, including accounts payable. Non-current liabilities decreased by ¥138 million from the end of the previous consolidated fiscal year to ¥2,929 million. The main factors were a ¥199 million decrease in long-term borrowings and a ¥59 million increase in other liabilities, including asset retirement obligations.」
Short-term and long-term borrowings decreased, reducing the balance of interest-bearing debt. However, the disclosure does not state that the risks relating to rising interest rates and financing have been eliminated. - FY2024MitigatedAnnual report
「Interest-bearing debt as a percentage of total assets remained high, at 47.6% in the fiscal year ended March 2023 and 44.7% in the fiscal year ended March 2024.」
The interest-bearing debt ratio declined from 47.6% to 44.7%, but remains high, and the risks relating to financing and rising interest rates remain. - FY2023First statedAnnual report
「Interest-bearing debt as a percentage of total assets remained high, at 54.6% in the fiscal year ended March 2022 and 47.6% in the fiscal year ended March 2023. In addition, the company expects its dependence on interest-bearing debt to remain relatively high as new facilities are opened.」
The company finances facility openings through borrowings and identifies difficulty in raising funds and higher costs resulting from rising interest rates as risks because its interest-bearing debt ratio is high.