Hedging Borrowing Interest Rate Risk with Interest Rate Swaps
First written in FY2018. 4 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 13 of 67 companies on the "Worse" side.
104 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The company uses interest rate swaps and foreign exchange forward contracts solely to mitigate the risks of interest rate and foreign exchange fluctuations on borrowings, and does not engage in speculative transactions.」
The company continues to limit its use of interest rate swaps and foreign exchange forwards to risk mitigation purposes. - FY2022RestatedAnnual report
「The company uses interest rate swaps and foreign exchange forward contracts solely to mitigate the risks of interest rate and foreign exchange fluctuations on borrowings, and does not engage in speculative transactions.」
The company continues to limit its use of interest rate swaps and foreign exchange forwards to risk mitigation purposes. - FY2021RestatedAnnual report
「The company uses interest rate swaps and foreign exchange forward contracts solely to mitigate the risks of interest rate and foreign exchange fluctuations on borrowings, and does not engage in speculative transactions.」
The company continues to limit its use of interest rate swaps and foreign exchange forwards to risk mitigation purposes. - FY2019RestatedAnnual report
「The company uses interest rate swaps and foreign exchange forward contracts solely to mitigate the risks of interest rate and foreign exchange fluctuations on borrowings, and does not engage in speculative transactions.」
The company continues to limit its use of interest rate swaps and foreign exchange forwards to risk mitigation purposes. - FY2018First statedAnnual report
「The company enters into interest rate swap transactions to hedge the risk of interest rate fluctuations on borrowings and other liabilities.」
The company states its policy of using interest rate swaps as a hedging instrument against the risk of interest rate fluctuations on borrowings.