Risk from Interest-Bearing Debt, Rising Interest Rates and Deteriorating Financial Market Conditions
First written in FY2022-Q3. 4 of 6 entries say "Worsened", first in FY2025-H1. Latest entry: 2026-08-12.
Tre Holdings moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 12 of 50 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- 2026-08-12WorsenedEarnings presentation
「Interest-bearing debt 63,239 (+1,711)」
Interest-bearing debt at the quarter-end increased by ¥1,711 million from the end of the previous fiscal year, expanding funding exposure. - FY2026MitigatedAnnual report
「At the end of the current consolidated fiscal year, bonds and borrowings totalled ¥60,388 million, equivalent to 35.3% of total assets.」
Total interest-bearing debt declined from ¥60,691 million in the previous fiscal year to ¥60,388 million, while the ratio to total assets fell from 37.5% to 35.3%. Funding requirements associated with growth investment and the risk of rising interest rates, however, remain. - FY2026-H1WorsenedAnnual report
「This was mainly due to a ¥490 million increase in short-term borrowings and a ¥1,398 million decrease in accrued income taxes, among other factors. Non-current liabilities were ¥50,529 million, an increase of ¥2,396 million, or 5.0%, from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,331 million increase in long-term borrowings, among other factors.」
Short-term borrowings increased by ¥490 million and long-term borrowings by ¥2,331 million, expanding exposure to interest-bearing debt from the end of the previous fiscal year. - FY2025WorsenedAnnual report
「At the end of the current consolidated fiscal year, bonds and borrowings totalled ¥60,691 million, equivalent to 37.5% of total assets. Funding requirements are expected to increase further as a result of the Group's growth strategy.」
Total interest-bearing debt was quantified at ¥60,691 million, or 37.5% of total assets, while exposure to increased funding requirements associated with the growth strategy, rising interest rates and deteriorating financial markets remained. - FY2025-H1WorsenedAnnual report
「Current liabilities were ¥35,483 million, an increase of ¥3,069 million, or 9.5%, from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥4,360 million in short-term borrowings and ¥670 million in accrued income taxes, despite a ¥1,955 million decrease in the provision for disaster losses. Non-current liabilities were ¥45,270 million, an increase of ¥4,608 million, or 11.3%, from the end of the previous consolidated fiscal year. This was mainly due to a ¥4,092 million increase in long-term borrowings and a ¥705 million increase in asset retirement obligations.」
Short-term and long-term borrowings increased from the end of the previous fiscal year, expanding exposure to interest-bearing debt and financial market conditions. - FY2022-Q3First statedAnnual report
「The Group's total assets consist largely of property, plant and equipment and intangible fixed assets (66.7%). The funds required for capital investment and other purposes are raised through internal funds, bonds and borrowings. At the end of the third quarter of the current consolidated fiscal year, bonds and borrowings totalled ¥48,948 million, equivalent to 38.0% of total assets. Funding requirements are expected to increase further as a result of the Group's growth strategy.」
The company disclosed its fixed-asset ratio, interest-bearing debt and ratio to total assets, identifying increased funding requirements associated with its growth strategy, rising interest rates and tighter lending conditions as risks.