Interest Rate Risk on Variable-Rate Borrowings
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
80 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Variable-rate borrowings are exposed to the risk of fluctuations in interest rates.」
The interest-rate fluctuation risk associated with variable-rate borrowings continues to be disclosed as a financial-instrument risk. - FY2022RestatedAnnual report
「Variable-rate borrowings are exposed to the risk of fluctuations in interest rates.」
The interest-rate fluctuation risk associated with variable-rate borrowings continues to be disclosed as a financial-instrument risk. - FY2020RestatedAnnual report
「Variable-rate borrowings are exposed to the risk of fluctuations in interest rates.」
The interest-rate fluctuation risk associated with variable-rate borrowings continues to be disclosed as a financial-instrument risk. - FY2019RestatedAnnual report
「Variable-rate borrowings are exposed to the risk of fluctuations in interest rates.」
The interest-rate fluctuation risk associated with variable-rate borrowings continues to be disclosed as a financial-instrument risk. - FY2017First statedAnnual report
「Borrowings at variable interest rates are exposed to the risk of interest-rate fluctuations. For some long-term borrowings, however, derivative transactions, specifically interest-rate swaps, are used as hedging instruments under individual contracts to avoid fluctuations in interest payments and fix interest expense.」
The disclosure recognizes the interest-rate fluctuation risk associated with variable-rate borrowings and states that part of the borrowings is being fixed through interest-rate swaps.