Higher interest rates on borrowings, bonds and commercial paper
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 31 of 95 companies on the "Worse" side.
39 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「To address the risk of higher interest rates, the company seeks to mitigate the risk by raising necessary medium- and long-term funds earlier, in anticipation of further interest rate increases. For short-term funds, it seeks to reduce interest expense by improving the accuracy of cash flow projections and keeping working capital raised to a minimum.」
In response to the previously identified risk of higher interest rates, the company added advance procurement of medium- and long-term funds and curbs on short-term working capital as countermeasures. - FY2021-Q1RestatedAnnual report
「Commercial paper 17,999 -」
On the balance sheet, the commercial paper balance fell from ¥17,999 million at the end of March 2020 to zero at the end of June 2020. - FY2019RestatedAnnual report
「The Group raises funds through borrowings from financial institutions and the issuance of bonds and commercial paper, but its performance may be affected if interest rates rise substantially due to changes in financial conditions or other factors.」
The company reiterates the risk of higher interest rates on borrowings, bonds and commercial paper. - FY2018RestatedAnnual report
「The Group raises funds through borrowings from financial institutions and the issuance of bonds and commercial paper, but its performance may be affected if interest rates rise substantially due to changes in financial conditions or other factors.」
The company reiterates the risk of higher interest rates on borrowings, bonds and commercial paper. - FY2017First statedAnnual report
「The Group raises funds through borrowings from financial institutions and the issuance of bonds and commercial paper, but its performance may be affected if interest rates rise substantially due to changes in financial conditions or other factors.」
The company identifies a substantial rise in interest rates on its funding as a risk.