Risks of Reliance on Interest-Bearing Debt and Fundraising
First written in FY2020. 11 of 23 entries say "Worsened", first in FY2024-Q1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 63 of 142 companies on the "Worse" side.
- FY2027-H1WorsenedAnnual report
「Equity ratio (%) 16.9 15.0 19.2」
The equity ratio declined from 16.9% in the previous interim period to 15.0%, also falling below the 19.2% recorded at the end of the previous consolidated fiscal year. - 2026-07-14WorsenedEarnings
「At the end of the first quarter of the current consolidated accounting period, total assets were ¥12,458,644 thousand, an increase of ¥759,605 thousand from the end of the previous consolidated fiscal year; liabilities were ¥10,343,069 thousand, an increase of ¥888,125 thousand; and net assets were ¥2,115,574 thousand, a decrease of ¥128,519 thousand.」
The equity ratio declined from 19.2% at the end of the previous consolidated fiscal year to 17.0%, while liabilities increased by ¥888,125 thousand. - FY2026WorsenedAnnual report
「As of the end of the fiscal year ending February 2026, the Group's interest-bearing debt balance had reached approximately ¥7.3 billion, or approximately 63% of total assets, leaving financial leverage at a high level.」
Interest-bearing debt increased to approximately ¥7.3 billion, or approximately 63% of total assets, while the equity ratio stood at 19.2%, further increasing financial risk related to dependence on borrowings. - FY2026-H1WorsenedAnnual report
「Equity ratio (%) 28.6 16.9 20.3」
The equity ratio declined from 20.3% at the end of the previous consolidated fiscal year to 16.9%. The increase in short-term borrowings of ¥400 million and long-term borrowings of ¥832.523 million, among other factors, further deteriorated financial indicators related to dependence on interest-bearing debt. - FY2025WorsenedAnnual report
「As of the end of the fiscal year ending February 2025, the Group's interest-bearing debt balance had reached approximately ¥6.2 billion, or approximately 60% of total assets, leaving financial leverage at a high level.」
Interest-bearing debt amounted to approximately ¥6.2 billion, or approximately 60% of total assets, while the equity ratio also declined to 20.3%. The possibility of disadvantageous borrowing or an equity issuance during periods of tight financing is also explicitly stated. - FY2025-H1WorsenedAnnual report
「Equity ratio (%) 33.9 28.6 29.3」
The equity ratio declined from 29.3% at the end of the previous consolidated fiscal year to 28.6% at the end of the current interim consolidated accounting period. Short-term borrowings of ¥200 million arose, and the deterioration in financial indicators related to dependence on interest-bearing debt has continued. - FY2025-Q1WorsenedAnnual report
「Equity ratio (%) 32.7 28.4 29.3」
The equity ratio declined from 29.3% at the end of the previous consolidated fiscal year to 28.4% at the end of the first quarter, and financial indicators related to dependence on interest-bearing debt have deteriorated further. - FY2024WorsenedAnnual report
「As of 29 February 2024, interest-bearing debt amounted to ¥5.621 billion, equivalent to 54.9% of total assets.」
Interest-bearing debt amounted to ¥5.621 billion, or 54.9% of total assets, and dependence on external financing has continued, accompanied by an increase in long-term borrowings and a decline in the equity ratio to 29.3%. - FY2024-Q3WorsenedAnnual report
「Equity ratio (%) 28.7 30.7 34.4」
The equity ratio declined from 34.4% at the end of the previous consolidated fiscal year to 30.7%. Long-term borrowings also increased by ¥837.165 million, and financial indicators related to dependence on interest-bearing debt have deteriorated. - FY2024-Q2WorsenedAnnual report
「Equity ratio (%) 28.1 33.9 34.4」
The equity ratio declined from 34.4% at the end of the previous consolidated fiscal year to 33.9%, while long-term borrowings increased by ¥171.083 million. Financial indicators related to dependence on interest-bearing debt have deteriorated. - FY2024-Q1WorsenedAnnual report
「Equity ratio (%) 32.7 34.4」
The equity ratio declined from 34.4% at the end of the previous consolidated fiscal year to 32.7%, while long-term borrowings increased by ¥183.422 million. Financial indicators related to reliance on interest-bearing debt deteriorated during the quarter. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk of reliance on interest-bearing debt and funding. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk of reliance on interest-bearing debt and funding. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk of reliance on interest-bearing debt and funding. - FY2022MitigatedAnnual report
「As of 28 February 2022, interest-bearing debt was ¥5.192 billion, representing 54.7% of total assets.」
While the amount of interest-bearing debt increased, its ratio to total assets declined from 62.2% in the previous fiscal year to 54.7%, and the equity ratio also reached 28.75%. - FY2022-Q3MitigatedAnnual report
「Equity ratio (%) 17.06 30.74 21.13」
The equity ratio rose from 21.13% at the end of the previous fiscal year to 30.74%, reducing the financial risk associated with reliance on interest-bearing debt through an increase in net assets from share issuance and other measures. - FY2022-Q2MitigatedAnnual report
「Equity ratio (%) 15.64 30.40 21.13」
The equity ratio rose from 21.13% at the end of the previous fiscal year to 30.40%, and the financial base improved due to increased capital from the exercise of stock acquisition rights and other factors, together with the recognition of profit. - FY2022-Q1MitigatedAnnual report
「Equity ratio (%) 14.70 29.31 21.13」
The equity ratio rose from 21.13% at the end of the previous fiscal year to 29.31%, while net assets also increased due to the exercise of stock acquisition rights and other factors. - FY2021MitigatedAnnual report
「As of 28 February 2021, interest-bearing debt was ¥4.684 billion, representing 62.2% of total assets.」
While the balance of interest-bearing debt was largely unchanged from the end of the previous fiscal year, its ratio to total assets declined from 72.75% to 62.2%, and the equity ratio also rose to 21.13%. - FY2021-Q3MitigatedAnnual report
「Equity ratio (%) 9.13 17.06 9.75」
The equity ratio rose to 17.06% from 9.13% in the same period of the previous year and 9.75% at the end of the previous fiscal year. In addition to public offerings and other measures, the exercise of stock acquisition rights also contributed to the continued improvement of the equity base. - FY2021-Q2MitigatedAnnual report
「Equity ratio (%) 15.64 9.75」
The equity ratio rose from 9.75% at the end of the previous fiscal year to 15.64%, and the financial base continued to improve through capital increases and the recognition of profit. - FY2021-Q1MitigatedAnnual report
「Equity ratio (%) 14.70 9.75」
Public offerings and third-party allotments increased net assets, raising the equity ratio from 9.75% at the end of the previous fiscal year to 14.70%. Interest-bearing debt remains outstanding. - FY2020First statedAnnual report
「As of 29 February 2020, interest-bearing debt was ¥4.67 billion, representing 72.75% of total assets.」
The Company primarily finances the expansion of logistics centers and other projects through borrowings, and identifies the risk of difficulty in raising funds due to deterioration in its relationships with financial institutions and other factors.