Higher interest expense due to rising interest rates
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 33 of 94 companies on the "Worse" side.
82 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The group is working to reduce its reliance on interest-bearing debt by reducing outstanding borrowings. However, if interest rates rise because of future interest-rate conditions or a deterioration in the group's credit standing, higher interest expenses could affect its business performance.」
The group continues to identify measures to reduce outstanding borrowings and the risk of higher interest expenses resulting from higher interest rates. - FY2022RestatedAnnual report
「The group is working to reduce its reliance on interest-bearing debt by reducing outstanding borrowings. However, if interest rates rise because of future interest-rate conditions or a deterioration in the group's credit standing, higher interest expenses could affect its business performance.」
The group continues to identify measures to reduce outstanding borrowings and the risk of higher interest expenses when interest rates rise. - FY2021RestatedAnnual report
「The group is working to reduce its reliance on interest-bearing debt by reducing outstanding borrowings. However, if interest rates rise because of future interest-rate conditions or a deterioration in the group's credit standing, higher interest expenses could affect its business performance.」
The group identifies measures to reduce its reliance on interest-bearing debt while continuing to identify the risk of higher interest expenses when interest rates rise. - FY2017RestatedAnnual report
「To prepare for future interest-rate fluctuations, the group raises funds using an appropriate combination of fixed- and floating-rate financing, but higher interest rates would increase interest expenses and could affect its business performance.」
The group reiterates its use of a combination of fixed- and floating-rate financing and the risk of higher interest expenses when interest rates rise. - FY2016First statedAnnual report
「The group determines the amount, term and method of funding for its funding needs after considering their purpose, its financial position and financial conditions. To prepare for future interest-rate fluctuations, it raises funds using an appropriate combination of fixed- and floating-rate financing, but higher interest rates would increase interest expenses and could affect its business performance.」
The group combines fixed- and floating-rate financing while identifying higher interest expenses when interest rates rise as a risk.