Hedging Borrowing-Rate Fluctuations with Interest-Rate Swaps
First written in FY2020-Q2. 2 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
93 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Borrowings are primarily used to finance operating transactions. Variable-rate borrowings are exposed to interest-rate fluctuation risk; however, in the event of significant fluctuations, the company will consider securing alternative financing methods, and it hedges part of the exposure using derivatives, namely interest-rate swaps.」
The company continues to consider alternative financing methods for variable-rate borrowings and uses interest-rate swaps for part of the exposure. - FY2020.Annual report
「The transactions are conducted to offset the potential loss on financial liabilities arising from interest-rate fluctuations.」
The policy of using interest-rate swaps to manage interest-rate risk on borrowings continues. - FY2020-Q2.Annual report
「The transactions are conducted to offset the potential loss on financial liabilities arising from interest-rate fluctuations.」
Deferred hedge accounting is applied to interest-rate swap transactions hedging the interest payable on borrowings.