Reduction of Interest-Bearing Debt and Fixed-Rate Financing
First written in FY2018. 26 of 32 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2026: 2 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2027-H1Continued increase in long-term borrowingsAnnual report
「At the end of the current interim consolidated accounting period, total liabilities increased by ¥1,180 million from the end of the previous consolidated fiscal year to ¥18,936 million. This was mainly due to a ¥921 million increase in non-current liabilities, including an increase in long-term borrowings.」
Despite the policy of reducing interest-bearing debt, long-term borrowings increased from ¥1,064.796 million to ¥1,914.300 million at the end of the current interim period, and both non-current liabilities and total liabilities also increased. - 2026-10-07OtherEarnings
「This was mainly due to a ¥921 million increase in non-current liabilities, resulting from an increase in long-term borrowings and other factors.」
Non-current liabilities increased due to higher long-term borrowings, indicating continued changes in the borrowing structure relative to the previous policy of reducing interest-bearing debt. - FY2026Increase in long-term borrowings and change in borrowing mixAnnual report
「Cash flow from financing activities increased by ¥2,009 million from the previous consolidated fiscal year due to a ¥2,000 million increase in proceeds from long-term borrowings and net changes in short-term borrowings, among other factors, resulting in an outflow of ¥252 million.」
Although the company has a policy of reducing interest-bearing debt, it received ¥2,000 million from long-term borrowings and repaid ¥1,511 million of long-term borrowings. The balance of long-term borrowings increased from ¥4 million at the end of the previous fiscal year to ¥1,064.80 million, indicating a change in the borrowing mix. - 2026-04-13WorsenedEarnings
「Long-term borrowings 4,000 1,064,796」
Long-term borrowings increased from ¥4.000 million at the end of the previous fiscal year to ¥1,064.796 million. - FY2026-H1Change in borrowing compositionAnnual report
「During the interim consolidated fiscal period, cash used in financing activities decreased by ¥46 million from the previous interim consolidated fiscal period, despite a ¥2,000 million increase in proceeds from long-term borrowings, due to changes in short-term borrowings and other factors, resulting in an outflow of ¥1,691 million, down 2.7% from the previous interim consolidated fiscal period.」
Short-term borrowings decreased by a net ¥2,440 million, while the company received ¥2,000 million from long-term borrowings and repaid ¥995 million of long-term borrowings. Total short- and long-term borrowings declined from the end of the previous fiscal year, but the composition changed as a result of additional long-term borrowing. - FY2025AdvancedAnnual report
「As of the end of the consolidated fiscal year, total liabilities were ¥15,711 million, down ¥2,191 million from the end of the previous consolidated fiscal year, or 12.2% year on year. This was mainly due to a decrease in interest-bearing debt.」
Total liabilities decreased by ¥2,191 million, mainly due to a decrease in interest-bearing debt. Long-term borrowings declined from ¥1,125 million to ¥4 million. - FY2025-H1AdvancedAnnual report
「As of the end of the interim consolidated fiscal period, total liabilities were ¥17,618 million, down ¥284 million from the end of the previous consolidated fiscal year. This was mainly due to non-current liabilities decreasing by ¥1,118 million as a result of a decrease in long-term borrowings, among other factors.」
Non-current liabilities decreased by ¥1,118 million and total liabilities by ¥284 million, mainly due to a decrease in long-term borrowings. Long-term borrowings on the balance sheet also declined from ¥1,125,799 thousand to ¥175,476 thousand. - FY2025-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, total liabilities were ¥17,751 million, down ¥151 million from the end of the previous consolidated fiscal year. This was mainly due to non-current liabilities decreasing by ¥531 million as a result of a decrease in long-term borrowings, among other factors.」
Total liabilities decreased by ¥151 million from the end of the previous fiscal year, while non-current liabilities decreased by ¥531 million. Long-term borrowings also declined from ¥1,125,799 thousand to ¥674,908 thousand, indicating progress in reducing interest-bearing debt. - FY2024AdvancedAnnual report
「Cash flow from financing activities decreased by ¥207 million from the previous consolidated fiscal year due to net changes in short-term borrowings, among other factors, resulting in an outflow of ¥2,697 million.」
Progress in reducing interest-bearing debt continued, with repayment of ¥2,712 million in long-term borrowings and a net decrease of ¥800 million in short-term borrowings, among other factors. - FY2024-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, total liabilities were ¥18,891 million, down ¥1,169 million from the end of the previous consolidated fiscal year. This was mainly due to non-current liabilities decreasing by ¥1,115 million as a result of decreases in long-term borrowings and long-term deposits received, among other factors.」
Non-current liabilities decreased by ¥1,115 million and total liabilities by ¥1,169 million, mainly due to decreases in long-term borrowings and other items. Measurable progress in reducing interest-bearing debt is continuing. - FY2024-Q2AdvancedAnnual report
「This was mainly due to an outflow of ¥1,397 million for repayment of long-term borrowings and a net decrease of ¥900 million in short-term borrowings, among other factors.」
The filing reports repayment of ¥1,397 million in long-term borrowings and a net decrease of ¥900 million in short-term borrowings, indicating specific progress in reducing interest-bearing debt. - FY2024-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, total liabilities were ¥19,657 million, down ¥404 million from the end of the previous consolidated fiscal year. This was mainly due to non-current liabilities decreasing by ¥357 million as a result of a decrease in long-term borrowings, among other factors.」
Non-current liabilities decreased by ¥357 million and total liabilities by ¥404 million, mainly due to a decrease in long-term borrowings, indicating progress in reducing interest-bearing debt. - FY2023AdvancedAnnual report
「As of the end of the consolidated fiscal year, total liabilities were ¥20,061 million, down ¥535 million from the end of the previous consolidated fiscal year, or 2.6% year on year, mainly due to a decrease in interest-bearing debt.」
Total liabilities decreased by ¥535 million from the end of the previous fiscal year, mainly due to a decrease in interest-bearing debt, and measurable progress in reducing debt is continuing. - FY2023-Q3AdvancedAnnual report
「Long-term borrowings 3,952,812 3,019,858」
Long-term borrowings decreased from ¥3,952,812 thousand at the end of the previous consolidated fiscal year to ¥3,019,858 thousand at the end of the third quarter, indicating measurable progress in reducing interest-bearing debt. - FY2023-Q2AdvancedAnnual report
「This was mainly due to an outflow of ¥1,748 million for repayment of long-term borrowings and a ¥1,210 million decrease in short-term borrowings, among other factors.」
The filing reports repayment of ¥1,748 million in long-term borrowings and a ¥1,210 million decrease in short-term borrowings, indicating specific progress in reducing interest-bearing debt. - FY2023-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, total liabilities were ¥20,057 million, down ¥539 million from the end of the previous consolidated fiscal year. This was mainly due to non-current liabilities decreasing by ¥647 million as a result of a decrease in long-term borrowings, among other factors.」
Non-current liabilities decreased by ¥647 million and total liabilities by ¥539 million, mainly due to a decrease in long-term borrowings, and progress in reducing interest-bearing debt is continuing. - FY2022-Q3AdvancedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, total liabilities were ¥22,487 million, down ¥1,586 million from the end of the previous consolidated fiscal year. This was mainly due to non-current liabilities decreasing by ¥962 million and current liabilities decreasing by ¥623 million.」
Total liabilities decreased by ¥1,586 million from the end of the previous fiscal year, while non-current and current liabilities also declined. Measurable progress in reducing interest-bearing debt is continuing. - FY2022-Q2AdvancedAnnual report
「Cash flow from financing activities decreased by ¥461 million from the same quarter of the previous year, resulting in an outflow of ¥1,806 million. This was mainly due to a decrease in short-term borrowings, among other factors.」
Financing activities resulted in an outflow of ¥1,806 million, mainly due to a decrease in short-term borrowings, indicating progress in reducing interest-bearing debt. The balance sheet also shows decreases in short-term and long-term borrowings from the end of the previous consolidated fiscal year. - FY2022-Q1AdvancedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, total liabilities were ¥23,078 million, down ¥995 million from the end of the previous consolidated fiscal year. This was mainly due to current liabilities decreasing by ¥108 million as a result of a decrease in short-term borrowings, among other factors, and non-current liabilities decreasing by ¥887 million as a result of a decrease in long-term borrowings, among other factors.」
Total liabilities decreased by ¥995 million from the end of the previous fiscal year, mainly due to decreases in short-term and long-term borrowings. Measurable progress in reducing interest-bearing debt is continuing. - FY2021AdvancedAnnual report
「As of the end of the consolidated fiscal year, total liabilities were ¥24,073 million, down ¥2,651 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease in interest-bearing debt.」
Total liabilities decreased by ¥2,651 million, mainly due to a decrease in interest-bearing debt. Measurable progress in reducing interest-bearing debt is continuing. - FY2021-Q3AdvancedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year decreased by ¥988 million from the end of the previous consolidated fiscal year to ¥25.737 billion. This was mainly due to decreases of ¥505 million in current liabilities and ¥483 million in non-current liabilities.」
Total liabilities decreased by ¥988 million from the end of the previous fiscal year. The balance sheet also shows short-term borrowings declining from ¥7,322 million to ¥4,008 million and long-term borrowings from ¥6,843 million to ¥6,047 million, indicating measurable progress in reducing interest-bearing debt. - FY2021-Q2AdvancedAnnual report
「Cash flows from financing activities decreased by ¥462 million from the same quarter of the previous year, resulting in an outflow of ¥1.345 billion. This was mainly due to a decrease in short-term borrowings.」
Cash outflows from financing activities totaled ¥1.345 billion, mainly due to a decrease in short-term borrowings, indicating quantitative progress in reducing interest-bearing debt. - FY2021-Q1AdvancedAnnual report
「This was mainly because current liabilities increased by ¥461 million due to increases in notes and accounts payable, despite a ¥1.011 billion decrease in non-current liabilities due to a decrease in long-term borrowings and other factors.」
Non-current liabilities decreased by ¥1.011 billion, and long-term borrowings declined from ¥6.843 billion at the end of the previous consolidated fiscal year to ¥5.844 billion. This indicated quantitative progress in reducing interest-bearing debt. - FY2020AdvancedAnnual report
「Total liabilities at the end of the current consolidated fiscal year decreased by ¥1.430 billion from the end of the previous consolidated fiscal year to ¥26.725 billion. This was mainly due to a decrease in interest-bearing debt.」
Total liabilities decreased by ¥1.430 billion from the end of the previous fiscal year, mainly due to a decrease in interest-bearing debt. - FY2020-Q3AdvancedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year increased by ¥358 million from the end of the previous consolidated fiscal year to ¥28.514 billion. This was mainly because current liabilities increased by ¥1.006 billion, despite a ¥647 million decrease in non-current liabilities.」
Total liabilities increased due to higher current liabilities. However, on the balance sheet, short-term borrowings decreased from ¥7.201579 billion to ¥4.895946 billion, and long-term borrowings decreased from ¥8.404502 billion to ¥7.657259 billion, indicating quantitative progress in reducing interest-bearing debt. - FY2020-Q2AdvancedAnnual report
「Cash flows from financing activities increased by ¥708 million from the same quarter of the previous year, resulting in an outflow of ¥883 million. This was mainly due to an increase in short-term borrowings.」
While short-term borrowings increased, long-term borrowings declined from ¥8.404502 billion at the end of the previous fiscal year to ¥7.494582 billion, resulting in a decrease in total borrowings. Cash outflows from financing activities, including repayments of long-term borrowings, continue. - FY2020-Q1AdvancedAnnual report
「This was mainly because current liabilities increased by ¥796 million due to increases in notes and accounts payable, despite a ¥1.064 billion decrease in non-current liabilities due to a decrease in long-term borrowings and other factors.」
Non-current liabilities at the end of the first quarter decreased by ¥1.064 billion from the end of the previous fiscal year. Long-term borrowings declined from ¥8.404502 billion to ¥7.316666 billion, while short-term borrowings declined from ¥7.201579 billion to ¥5.706188 billion. - FY2019AdvancedAnnual report
「Total liabilities at the end of the current consolidated fiscal year decreased by ¥2.554 billion from the end of the previous consolidated fiscal year to ¥28.156 billion. This was mainly due to a decrease in interest-bearing debt.」
Total liabilities decreased by ¥2.554 billion, mainly due to a decrease in interest-bearing debt. The balance sheet also shows decreases in short-term and long-term borrowings. - FY2019-Q3AdvancedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year decreased by ¥716 million from the end of the previous consolidated fiscal year to ¥29.994 billion.」
On the balance sheet, short-term borrowings decreased from ¥8.221 billion to ¥5.288 billion, and long-term borrowings decreased from ¥9.671 billion to ¥9.492 billion, indicating quantitative progress in reducing interest-bearing debt. - FY2019-Q2AdvancedAnnual report
「Cash flows from financing activities decreased by ¥326 million from the same quarter of the previous year, resulting in an outflow of ¥1.592 billion. This was mainly due to a decrease in short-term borrowings.」
Cash outflows from financing activities totaled ¥1.592 billion for the cumulative second quarter, with a decrease in short-term borrowings identified as the main factor. The balance sheet also shows decreases in short-term and long-term borrowings from the end of the previous consolidated fiscal year. - FY2019-Q1AdvancedAnnual report
「This was mainly because current liabilities increased by ¥857 million due to increases in notes and accounts payable, despite a ¥1.221 billion decrease in non-current liabilities due to a decrease in long-term borrowings and other factors.」
Non-current liabilities declined by ¥1.221 billion from the end of the previous consolidated fiscal year, with the decrease in long-term borrowings identified as a contributing factor. This was not a declaration that interest-bearing debt reduction had been achieved, but it did indicate quantitative progress in reducing borrowings. - FY2018First statedAnnual report
「The group continues to work to reduce interest-bearing debt and seeks to obtain financing at fixed interest rates to avoid interest-rate fluctuation risk.」
The company has for the first time described the reduction of interest-bearing debt and fixed-rate financing separately as measures to address interest-rate fluctuation risk.