Borrowing Dependence and Rising Interest Rate Risk
First written in FY2016. 9 of 21 entries say "Mitigated", first in FY2022. Latest entry: 2026-11-11.
The whole theme swung hardest in 2020: 64 of 142 companies on the "Worse" side.
- 2026-11-11MitigatedResults
「長期借入金が432百万円減少した」
長期借入金は前期末から432百万円減少し、借入依存の縮小が続いている。 - FY2027-H1MitigatedAnnual report
「Total liabilities increased by ¥990 million from the end of the previous fiscal year to ¥14,299 million. This was mainly due to increases of ¥243 million in notes and accounts payable-trade, ¥128 million in income taxes payable and ¥1,263 million in deferred tax liabilities, partly offset by decreases of ¥257 million in advances received and ¥432 million in long-term borrowings.」
Although total liabilities increased, long-term borrowings decreased by ¥432 million from the end of the previous fiscal year, partly reducing exposure to borrowing dependence and interest-rate fluctuations. - FY2026MitigatedAnnual report
「Total liabilities decreased by ¥44 million from the end of the previous fiscal year to ¥13,308 million. This was mainly due to decreases of ¥282 million in accounts payable and ¥558 million in interest-bearing debt, despite increases of ¥207 million in income taxes payable and ¥220 million in advances received, among other factors.」
Interest-bearing debt decreased by ¥558 million from the end of the previous fiscal year, reducing exposure to reliance on borrowings and interest rate fluctuations. - 2026-05-13MitigatedResults
「有利子負債が558百万円減少した」
有利子負債が前年度末から減少し、借入依存と金利変動へのエクスポージャーが縮小した。 - FY2026-H1MitigatedAnnual report
「Total liabilities decreased by ¥288 million from the end of the previous fiscal year to ¥13,063 million. This was mainly due to decreases of ¥268 million in long-term borrowings and ¥381 million in accounts payable, despite a ¥300 million increase in deferred tax liabilities, among other factors.」
Total liabilities decreased by ¥288 million and long-term borrowings by ¥268 million, reducing exposure to reliance on borrowings and interest rate fluctuations from the end of the previous fiscal year. - FY2025WorsenedAnnual report
「Total liabilities increased by ¥1,523 million from the end of the previous fiscal year to ¥13,352 million. This was mainly due to increases of ¥305 million in accounts payable, ¥801 million in interest-bearing debt and ¥541 million in deferred tax liabilities, despite a ¥185 million decrease in other current liabilities, among other factors.」
Interest-bearing debt increased by ¥801 million from the end of the previous fiscal year, and total liabilities increased by ¥1,523 million. An impact on ordinary profit was indicated due to increases in borrowing-related expenses and interest expenses. - FY2024WorsenedAnnual report
「Total liabilities increased by ¥233 million from the end of the previous fiscal year to ¥11,828 million. This was mainly due to increases of ¥276 million in interest-bearing debt and ¥307 million in deferred tax liabilities, despite decreases of ¥234 million in notes and accounts payable—trade and ¥118 million in accounts payable, among other factors.」
Total liabilities increased by ¥233 million and interest-bearing debt by ¥276 million, increasing exposure associated with reliance on borrowings for the full fiscal year. - FY2024-Q3WorsenedAnnual report
「Total liabilities increased by ¥888 million from the end of the previous fiscal year to ¥12,484 million. This was mainly due to an increase of ¥1,217 million in interest-bearing debt, despite decreases of ¥207 million in notes and accounts payable—trade and ¥236 million in accounts payable, among other factors.」
Total liabilities increased by ¥888 million and interest-bearing debt by ¥1,217 million, increasing exposure to reliance on borrowings and interest rate fluctuations. - FY2024-Q1WorsenedAnnual report
「Total liabilities increased by ¥54 million from the end of the previous fiscal year to ¥11,650 million. This was mainly due to a ¥453 million increase in short-term borrowings, despite decreases of ¥234 million in accounts payable and ¥169 million in long-term borrowings, among other factors.」
Total liabilities increased by ¥54 million, and short-term borrowings increased by ¥453 million. Although long-term borrowings decreased by ¥169 million, an increase in borrowing exposure through short-term borrowings was indicated. - FY2023MitigatedAnnual report
「Total liabilities decreased by ¥281 million from the end of the previous fiscal year to ¥11,595 million. This was mainly due to a ¥737 million decrease in interest-bearing debt, despite increases of ¥232 million in notes and accounts payable—trade and ¥117 million in accounts payable, among other factors.」
Interest-bearing debt decreased by ¥737 million, reducing exposure to reliance on borrowings and interest rate fluctuations. The policy of using fixed-rate funding and interest rate swaps to fix interest rates also continued. - FY2023-Q3MitigatedAnnual report
「Total liabilities decreased by ¥466 million from the end of the previous fiscal year to ¥11,410 million. This was mainly due to a ¥350 million decrease in interest-bearing debt, among other factors.」
Total liabilities and interest-bearing debt decreased from the end of the previous fiscal year, reducing exposure to reliance on borrowings and interest rate fluctuations. - FY2023-Q2MitigatedAnnual report
「Total liabilities decreased by ¥341 million from the end of the previous fiscal year to ¥11,535 million. This was mainly due to a ¥499 million decrease in interest-bearing debt, despite a ¥210 million increase in notes and accounts payable—trade, among other factors.」
Total liabilities decreased by ¥341 million and interest-bearing debt by ¥499 million, reducing exposure to reliance on borrowings and interest rate fluctuations. - FY2022MitigatedAnnual report
「Total liabilities decreased by ¥2,930 million from the end of the previous fiscal year to ¥11,876 million. This was mainly due to decreases of ¥1,306 million in notes and accounts payable—trade and ¥1,500 million in accounts payable, among other factors.」
Total liabilities decreased by ¥2,930 million from the end of the previous fiscal year. The company also continued to fix interest rates through fixed-rate funding and interest rate swaps. - FY2022-Q3Total liabilities declinedAnnual report
「Total liabilities decreased by ¥2,865 million from the end of the previous fiscal year to ¥11,942 million. This was mainly due to decreases of ¥1,369 million in notes and accounts payable—trade and ¥1,669 million in accounts payable, among other factors.」
Total liabilities decreased by ¥2,865 million from the end of the previous fiscal year to ¥11,942 million. With respect to reliance on borrowings and interest rate fluctuation risk, a decrease in total liabilities was disclosed. - FY2022-Q2Total liabilities declined, but interest-bearing debt increasedAnnual report
「Total liabilities decreased by ¥2,590 million from the end of the previous fiscal year to ¥12,217 million. This was mainly due to decreases of ¥1,525 million in notes and accounts payable—trade and ¥1,545 million in accounts payable, despite increases of ¥198 million in interest-bearing debt and ¥246 million in long-term deposits received, among other factors.」
Although total liabilities decreased, interest-bearing debt increased by ¥198 million from the end of the previous fiscal year, increasing exposure associated with reliance on borrowings. - FY2022-Q1WorsenedAnnual report
「Total liabilities decreased by ¥666 million from the end of the previous fiscal year to ¥14,140 million. This was mainly due to a ¥1,450 million decrease in accounts payable, despite increases of ¥380 million in interest-bearing debt and ¥247 million in long-term deposits received, among other factors.」
Although total liabilities decreased, interest-bearing debt increased by ¥380 million from the end of the previous fiscal year, increasing exposure associated with reliance on borrowings. - FY2021WorsenedAnnual report
「Total liabilities increased by ¥4,370 million from the end of the previous fiscal year to ¥14,807 million. This was mainly due to increases of ¥1,394 million in notes and accounts payable—trade and ¥1,996 million in interest-bearing debt, among other factors.」
Interest-bearing debt increased by ¥1,996 million from the end of the previous fiscal year, increasing exposure to reliance on borrowings and interest rate fluctuations. - FY2021-Q3WorsenedAnnual report
「Total liabilities increased by ¥1,042 million from the end of the previous fiscal year to ¥11,480 million. This was mainly due to an increase of ¥823 million in interest-bearing debt, among other factors.」
Total liabilities increased by ¥1,042 million from the end of the previous fiscal year, while interest-bearing debt increased by ¥823 million. - FY2021-Q2WorsenedAnnual report
「Total liabilities increased by ¥1,000 million from the end of the previous fiscal year to ¥11,437 million. This was mainly due to an increase of ¥954 million in interest-bearing debt, among other factors.」
Interest-bearing debt increased by ¥954 million from the end of the previous fiscal year, increasing exposure associated with reliance on borrowings. - FY2017RestatedAnnual report
「Our Group relies primarily on borrowings from financial institutions for its funding, but these relationships are currently good and there are no particular problems in obtaining the funds required. We hedge certain risks when borrowing, but an increase in interest rates may affect the Group's results of operations and financial condition.」
Recognition of the risks associated with reliance on borrowings and the impact of rising interest rates continues. - FY2016First statedAnnual report
「Our Group relies primarily on borrowings from financial institutions for its funding, but these relationships are currently good and there are no particular problems in obtaining the funds required. We hedge certain risks when borrowing, but an increase in interest rates may affect the Group's results of operations and financial condition.」
Reliance on borrowings was explicitly identified, and the impact of rising interest rates was treated as a risk.