Interest Rate Risk on Floating-Rate Borrowings
First written in FY2017. 20 of 24 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
93 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Variable-rate borrowings are exposed to interest rate fluctuation risk. For some of the long-term borrowings, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments for each individual contract to avoid the risk of fluctuations in interest payments and fix interest expense.」
The company continues its policy of using interest rate swaps for some long-term borrowings to fix interest expense on variable-rate borrowings. - FY2024Decrease in the amount of interest rate swap contractsAnnual report
「Interest rate swaps; fixed payments, floating receipts; long-term borrowings; 18」
The company continues to use interest rate swaps against interest rate fluctuation risk on variable-rate borrowings, but the contract amount decreased from ¥160 million in the previous fiscal year to ¥18 million. - FY2024-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2024-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2024-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2023Decrease in the amount of interest rate swap contractsAnnual report
「Interest rate swaps; fixed payments, floating receipts; long-term borrowings; 160; 18」
The company continues to use interest rate swaps for variable-rate borrowings, but the contract amount decreased from ¥418 million in the previous fiscal year to ¥160 million. - FY2023-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2022Decrease in the amount of interest rate swap contractsAnnual report
「Variable-rate borrowings are exposed to interest rate fluctuation risk. For some of the long-term borrowings, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments for each individual contract to avoid the risk of fluctuations in interest payments and fix interest expense.」
The company continues to recognize interest rate fluctuation risk on variable-rate borrowings and use interest rate swaps for some long-term borrowings. The amount of interest rate swap contracts decreased from ¥779 million in the previous fiscal year to ¥418 million. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new business or other risks, and no material changes in the business and other risks described in the securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2021RestatedAnnual report
「Variable-rate borrowings are exposed to interest rate fluctuation risk. For some of the long-term borrowings, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments for each individual contract to avoid the risk of fluctuations in interest payments and fix interest expense.」
The company continues its policy of recognizing interest rate fluctuation risk on variable-rate borrowings and using interest rate swaps for some long-term borrowings. - FY2021-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2021-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2021-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2020RestatedAnnual report
「Variable-rate borrowings are exposed to interest rate fluctuation risk. For some of the long-term borrowings, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments for each individual contract to avoid the risk of fluctuations in interest payments and fix interest expense.」
The company continues its policy of recognizing interest rate fluctuation risk on variable-rate borrowings and using interest rate swaps for some long-term borrowings. - FY2020-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2020-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2020-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2019RestatedAnnual report
「Variable-rate borrowings are exposed to interest rate fluctuation risk. For some of the long-term borrowings, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments for each individual contract to avoid the risk of fluctuations in interest payments and fix interest expense.」
The company continues its policy of recognizing interest rate fluctuation risk on variable-rate borrowings and using interest rate swaps for long-term borrowings. - FY2019-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2019-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2019-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2018RestatedAnnual report
「Variable-rate borrowings are exposed to interest rate fluctuation risk. For some of the long-term borrowings, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments for each individual contract to avoid the risk of fluctuations in interest payments and fix interest expense.」
The company continues its policy of recognizing interest rate fluctuation risk on variable-rate borrowings and using interest rate swaps for long-term borrowings. - FY2018-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the interest rate fluctuation risk associated with variable-rate borrowings. - FY2017First statedAnnual report
「Variable-rate borrowings are exposed to interest rate fluctuation risk. For some of the long-term borrowings, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments for each individual contract to avoid the risk of fluctuations in interest payments and fix interest expense.」
The company recognizes interest rate fluctuation risk on variable-rate borrowings and states that it fixes interest expense on long-term borrowings using interest rate swaps.