Impact of Rising Interest Rates on Business Performance
First written in FY2017. 21 of 23 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
80 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing risks, including the risk of rising interest rates affecting performance. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2024-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2023-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2021-Q2RestatedAnnual report
「The company adds the following to the business and other risks described in the previous fiscal year’s securities report.」
No material changes have been indicated in the existing risk of rising interest rates affecting performance. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2020RestatedAnnual report
「Accordingly, a significant rise in interest rates may affect our group's performance.」
The risk of rising interest rates arising from business characteristics that require interest-bearing debt is reiterated. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2019RestatedAnnual report
「Our group manages its business on the assumption that interest rates will rise. However, because of the nature of the construction business as a contract-based business, it incurs a considerable amount of advance payments and therefore requires a certain level of interest-bearing debt. Accordingly, a significant rise in interest rates may affect our group's performance.」
The risk of rising interest rates affecting performance, arising from the need for advance payments and interest-bearing debt, is reiterated. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including the impact of rising interest rates on performance. - FY2018MitigatedAnnual report
「Derivatives are used to hedge the risk of fluctuations in interest rates on borrowings, and no speculative transactions are conducted.」
Although the risk of rising interest rates itself remains, a policy of using interest rate swaps to hedge fluctuations in borrowing rates is expressly stated. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is expressly stated that there have been no material changes to the risks described in the previous fiscal year, including the impact of rising interest rates on performance. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is expressly stated that there have been no material changes to the risks described in the previous fiscal year, including the impact of rising interest rates on performance. - FY2017First statedAnnual report
「Our group manages its business on the assumption that interest rates will rise. However, because of the nature of the construction business as a contract-based business, it incurs a considerable amount of advance payments and therefore requires a certain level of interest-bearing debt. Accordingly, a significant rise in interest rates may affect our group's performance.」
The impact of rising interest rates on performance is described in the context of the business characteristics that require advance payments and a certain level of interest-bearing debt.