Funding Cost and Asset Price Risks from Rising Interest Rates
First written in FY2016. 5 of 11 entries say "Restated". Latest entry: FY2027-H1.
Mbk moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 1 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「The situation remains a matter of concern, including the recent rise in real estate prices and higher interest rates following the Bank of Japan's decision to raise rates.」
The rise in interest rates following the Bank of Japan's rate hike decision is identified as an actual external factor, and exposure to funding costs and asset prices continues. - FY2025WorsenedAnnual report
「During the consolidated fiscal year under review, Japan's economy remained in an uncertain state, with the economic outlook in Japan and overseas remaining unclear due to factors including the effects of global monetary tightening.」
As global monetary tightening and the trend toward higher interest rates continue, interest expense increased from ¥222,885 thousand in the previous year to ¥243,395 thousand, increasing exposure to funding costs. - FY2024WorsenedAnnual report
「The business environment surrounding the Group remains uncertain. While the Japanese economy is expected to expand moderately, supported by factors including changes in the Bank of Japan's interest rate policy, higher wages, and efforts to attract inbound visitors to regional areas and expand their spending, raw material and energy prices remain elevated against a backdrop of geopolitical risks in Eastern Europe and the Middle East, and the Chinese economy is slowing.」
The Bank of Japan's change in interest rate policy has emerged as an external factor for the current period, and interest expense of ¥222,885 thousand has been recorded as borrowings increased. - FY2024-Q4WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to factors including surging raw material prices against a backdrop of geopolitical risks in Eastern Europe and the Middle East, a slowdown in the Chinese economy, and global monetary tightening.」
In addition to the existing risk of higher interest rates, global monetary tightening has emerged as an explicit external factor, increasing uncertainty surrounding interest rates and asset prices. - FY2023RestatedAnnual report
「The Group raises funds through equity contributions from equity investors and borrowings from financial institutions and others. Accordingly, if interest rates rise in the future, funding costs may increase, customer investors' required returns may rise, and the prices of equities, real estate and other assets may decline.」
The risk of higher interest rates associated with funding dependent on borrowings and equity contributions continues. - FY2023-Q1WorsenedAnnual report
「The outlook remains uncertain due to the rapid spread of new variants, Russia's invasion of Ukraine and economic sanctions against Russia, US rate hikes, and the sharp depreciation of the yen.」
In addition to the existing risk of higher interest rates, US rate hikes have emerged as an explicit external factor, increasing uncertainty surrounding funding costs and asset prices. - FY2020RestatedAnnual report
「If interest rates rise in the future, events such as higher funding costs, higher target yields for customer investors and declines in the prices of shares, real estate and other assets may occur, potentially affecting the Group's financial position and operating performance.」
The risk of higher interest rates associated with funding dependent on borrowings and equity contributions continues. - FY2019RestatedAnnual report
「If interest rates rise in the future, events such as higher funding costs, higher target yields for customer investors and declines in the prices of shares, real estate and other assets may occur, potentially affecting the Group's financial position and operating performance.」
The risks of higher funding costs due to rising interest rates, higher investor required returns, and declines in equity and real estate prices continue. - FY2018RestatedAnnual report
「If interest rates rise in the future, events such as higher funding costs, higher target yields for customer investors and declines in the prices of shares, real estate and other assets may occur, potentially affecting the Group's financial position and operating performance.」
The risk of higher interest rates associated with funding dependent on borrowings and equity contributions continues. - FY2017RestatedAnnual report
「If interest rates rise in the future, events such as higher funding costs, higher target yields for customer investors and declines in the prices of shares, real estate and other assets may occur, potentially affecting the Group's financial position and operating performance.」
The risk of higher interest rates associated with funding through borrowings continues to be disclosed. - FY2016First statedAnnual report
「If interest rates rise in the future, events such as higher funding costs, higher target yields for customer investors and declines in the prices of shares, real estate and other assets may occur.」
The effects of higher interest rates associated with funding that depends on borrowings and equity contributions are disclosed.