Risk from Rising Interest Rates and Borrowing Costs
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2026.
Ichimasa Kamaboko moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
80 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Interest rates and foreign exchange rates may fluctuate significantly due to monetary policy, economic and price trends, political developments and geopolitical factors in Japan and overseas.」
The company has continued to disclose the risk of interest rate and foreign exchange fluctuations caused by monetary policy, economic and price trends, political developments and geopolitical factors, as well as its response through fixed interest rates and hedging. - FY2025WorsenedAnnual report
「In July of the same year, the policy rate was raised from approximately 0%–0.1% per annum to approximately 0.25% per annum. In January 2025, the policy rate was raised further to approximately 0.5% per annum. Japan's monetary policy reached a major turning point, returning to a world with interest rates, as the country sought to overcome deflation and achieve an economic recovery.」
The company has described the policy rate being raised to approximately 0.25% and then approximately 0.5% following the Bank of Japan's termination of its negative interest rate policy, and indicated the potential impact of greater-than-expected interest rate increases and foreign exchange fluctuations on operating results and financial position. - FY2024WorsenedAnnual report
「In addition, the Federal Reserve's interest rate policy in response to the slowdown in the U.S. economy has a significant impact on the yen-U.S. dollar exchange rate, and interest rate increases or foreign exchange fluctuations beyond the Group's expectations may affect its operating results and financial position.」
The company has described the transition to a world with interest rates following the Bank of Japan's termination of its negative interest rate policy and additional rate hikes, and has reiterated the potential impact of greater-than-expected interest rate increases and foreign exchange fluctuations. - FY2022RestatedAnnual report
「For long-term financing, the company aims to achieve an optimal capital structure by seeking to reduce financing costs, fixing interest rates to avoid excessive exposure to interest rate volatility, and comprehensively considering the impact on financial indicators such as the equity ratio, ROE and ROIC.」
The company has continued to manage its capital structure for financing through long-term borrowings, bonds and other instruments, taking into account interest rate fixing and financial indicators. - FY2018RestatedAnnual report
「If interest rates rise in the future, higher interest expenses on financing may affect the Group's operating results and financial position.」
The company has continued to disclose the risk of future interest rate increases associated with financing through borrowings and bonds. - FY2017RestatedAnnual report
「If interest rates rise in the future, higher interest expenses on financing may affect the Group's operating results and financial position.」
The company has continued to disclose the risk of future interest rate increases associated with financing through borrowings and bonds. - FY2016First statedAnnual report
「If interest rates rise in the future, higher interest expenses on financing may affect the Group's operating results and financial position.」
Assuming financing through borrowings and bonds, the company identifies increased interest expenses resulting from future interest rate increases as a risk.