Mitigating Interest Rate Risk on Borrowings Through Interest Rate Swaps
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 13 of 67 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「To avoid the risk of fluctuations in interest payable and fix interest expense, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments for each individual contract.」
The policy of fixing interest payable using interest rate swaps continues. - FY2021RestatedAnnual report
「To avoid the risk of fluctuations in interest payable and fix interest expense, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments for each individual contract.」
The policy of fixing interest payable using interest rate swaps continues. - FY2020RestatedAnnual report
「To avoid the risk of fluctuations in interest payable and fix interest expense, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments for each individual contract.」
The policy of fixing the interest payable on borrowings through interest rate swaps continues. - FY2019First statedAnnual report
「The company enters into interest rate swap transactions to avoid the interest rate fluctuation risk associated with borrowings.」
For the first time, entering into interest rate swap transactions was identified as a means of addressing the interest rate fluctuation risk associated with borrowings.