Interest-Bearing Debt and Interest-Rate Risk during Expansion of Capital Investment
First written in FY2016. 2 of 7 entries say "Restated". Latest entry: 2026-05-15.
San Holdings moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 16 of 29 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- 2026-05-15MaterialisedEarnings
「Interest expense increased due to borrowings used to fund the TOB (tender offer) for ㈱きずなホールディングス, resulting in ¥2,956 million.」
The increase in interest expense from borrowings associated with the acquisition of きずなホールディングス affected ordinary profit for the fiscal year, as stated. - FY2027-H1MaterialisedAnnual report
「Interest expense increased due to borrowings associated with the TOB for きずなホールディングス, resulting in ordinary profit of ¥1,480 million, down 5.3% year on year.」
Interest expense increased due to borrowings associated with the TOB for きずなホールディングス, and ordinary profit declined 5.3% year on year. The interest and borrowing burden associated with acquisition financing affected business performance. - FY2025WorsenedAnnual report
「Long-term borrowings are primarily used to finance working capital and the acquisition of shares, and some of these borrowings are exposed to interest rate fluctuation risk.」
Long-term borrowings and other debt increased in connection with the acquisition, and the amount of long-term borrowings recognized on the consolidated balance sheet reached ¥16,119 million. In addition to the previous explanation that borrowings are predominantly at fixed interest rates, the disclosure now states that some borrowings are exposed to interest rate fluctuation risk. - FY2025-H1WorsenedAnnual report
「The ¥10 billion in short-term borrowings is a bridge loan associated with the tender offer for きずなホールディングス, and permanent financing (long-term funding) is scheduled to be arranged within the next year.」
A ¥10 billion short-term bridge loan was drawn in connection with the acquisition of きずなホールディングス, and exposure to interest-bearing debt and refinancing increased because long-term financing is planned within 1 year. - FY2024RestatedAnnual report
「Our group's bank borrowings are all at fixed interest rates, so they are not exposed to market risk.」
Continues to explain that interest rate fluctuation risk is contained through predominantly fixed-rate borrowings. - FY2018RestatedAnnual report
「At the end of the current fiscal year, our group's outstanding borrowings were ¥1,115 million, equivalent to 3.7% of total assets. Most of these borrowings are long-term borrowings at fixed interest rates.」
Continues to describe the outstanding borrowings, their ratio to total assets and the predominantly fixed-rate structure, stating that the impact of interest rate fluctuations is limited. - FY2016First statedAnnual report
「However, to fund aggressive capital investment going forward, we may temporarily undertake new financing that increases interest-bearing debt. In such a case, or when refinancing existing interest-bearing debt, our group's business performance could be affected depending on market interest rate trends, although we believe the impact would be limited.」
First appearance. Explains future financing risks associated with capital investment, based on interest-bearing debt of ¥1,195 million, equivalent to 4.4% of total assets, and the fact that most borrowings carry fixed interest rates.