Interest Rate Increase Risk from Floating-Rate Borrowings
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2026.
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
「We financed construction of the factory through borrowings from financial institutions and have a high level of dependence on interest-bearing debt. Although we will continue working to limit interest-bearing debt, our borrowings carry variable interest rates. If interest rates rise sharply as a result of changes in economic conditions, we may incur substantial interest expense, potentially affecting our business performance and financial condition.」
工場建設資金の変動金利借入と有利子負債依存を背景とする金利上昇リスクを継続している。 - FY2025RestatedAnnual report
「We financed construction of the factory through borrowings from financial institutions and have a high level of dependence on interest-bearing debt. Although we will continue working to limit interest-bearing debt, our borrowings carry variable interest rates. If interest rates rise sharply as a result of changes in economic conditions, we may incur substantial interest expense, potentially affecting our business performance and financial condition.」
工場建設資金の変動金利借入と有利子負債依存を背景とする金利上昇リスクを継続している。 - FY2023First statedAnnual report
「We financed construction of the factory through borrowings from financial institutions and have a high level of dependence on interest-bearing debt. Although we will continue working to limit interest-bearing debt, our borrowings carry variable interest rates. If interest rates rise sharply as a result of changes in economic conditions, we may incur substantial interest expense, potentially affecting our business performance and financial condition.」
The company first disclosed interest rate increase risk separately, against the backdrop of variable-rate borrowings for factory construction and dependence on interest-bearing debt.