Interest Rate Risk on Borrowings and Bonds and Interest Rate Swaps
First written in FY2019. 10 of 13 entries say "Worsened", first in FY2024-Q1. Latest entry: 2026-11-10.
Shinden Hightex moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 13 of 67 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- FY2026-H1MitigatedAnnual report
「Although lower dollar interest rates helped reduce interest expense and provided support」
Interest expense decreased from ¥267.834 million in the same period of the previous year to ¥149.885 million due to lower dollar interest rates, easing the pressure on profit from interest rate movements. - FY2025-H1WorsenedAnnual report
「Interest expense ¥229.225 million ¥267.834 million」
Interest expense increased from ¥229.225 million in the same period of the previous year to ¥267.834 million, and high dollar interest rates continued to weigh on profit. - FY2024WorsenedAnnual report
「Higher interest expense due to persistently high dollar interest rates also caused indicators from ordinary income downward to decline significantly.」
Interest expense increased from ¥361 million in the previous year to ¥468 million, and interest rate risk from persistently high dollar interest rates continued to weigh on profit. - FY2024-Q3WorsenedAnnual report
「Increase in interest expense due to persistently high dollar interest rates」
Due to persistently high dollar interest rates, interest expense increased from ¥267 million in the same period of the previous year to ¥342 million, and interest rate risk continued to materialize as an increase in non-operating expenses. - FY2024-Q2WorsenedAnnual report
「Increase in interest expense due to higher dollar interest rates」
Interest expense increased from ¥138 million in the same period of the previous year to ¥229 million, and interest rate risk from higher dollar interest rates materialized as an increase in non-operating expenses. - FY2024-Q1WorsenedAnnual report
「Increase in interest expense due to persistently high dollar interest rates」
Interest expense increased from ¥37 million in the same period of the previous year to ¥106 million, and interest rate risk materialized as an increase in non-operating expenses. - FY2023MaterialisedAnnual report
「Interest expense increased due to higher dollar interest rates.」
Interest expense increased from ¥86 million in the previous fiscal year to ¥361 million, and interest rate risk materialized as an actual increase in non-operating expenses. - FY2019First statedAnnual report
「Borrowings and bonds are used primarily to finance working capital and are exposed to interest rate risk.」
Interest rate risk arising from financing working capital with borrowings and bonds can be identified for the first time as a standalone topic. The company also states that it uses interest rate swaps to hedge interest rate risk and does not engage in speculative transactions.