Interest Rate and Foreign Exchange Risk of Foreign-Currency-Denominated Floating-Rate Borrowings
First written in FY2017. 5 of 7 entries say "Restated". Latest entry: FY2026.
47 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Borrowings are primarily used to finance working capital, with maturities of up to five years after the fiscal year-end. In principle, fixed interest rates are used to avoid interest rate risk.」
The policy of generally using fixed interest rates to avoid interest rate risk remains in place. - FY2023RestatedAnnual report
「Borrowings are primarily used to finance working capital, with maturities of up to five years after the fiscal year-end. In principle, fixed interest rates are used to avoid interest rate risk.」
The policy of generally using fixed interest rates to avoid interest rate risk remains in place. - FY2022RestatedAnnual report
「Borrowings are primarily used to finance working capital, with maturities of up to five years after the fiscal year-end. In principle, fixed interest rates are used to avoid interest rate risk.」
The policy of generally using fixed interest rates to avoid interest rate risk remains in place. - FY2021RestatedAnnual report
「Borrowings and bonds are primarily used to finance working capital, with maturities of up to five years after the fiscal year-end. In principle, fixed interest rates are used to avoid interest rate risk.」
The policy of generally using fixed interest rates to avoid interest rate risk remains in place. - FY2020RestatedAnnual report
「Borrowings and bonds are primarily used to finance working capital, with maturities of up to five years after the fiscal year-end. In principle, fixed interest rates are used to avoid interest rate risk.」
The policy of generally using fixed interest rates to avoid interest rate risk remains in place. - FY2018MitigatedAnnual report
「Borrowings and bonds are primarily used to finance working capital, with maturities of up to five years after the fiscal year-end. In principle, fixed interest rates are used to avoid interest rate risk.」
In place of the explanation disclosed in the previous fiscal year regarding foreign-currency-denominated floating-rate borrowings and interest rate and currency swaps, the company explains that it generally uses fixed interest rates to avoid interest rate risk. - FY2017First statedAnnual report
「Borrowings and bonds are primarily used to finance working capital, with maturities of up to five years after the fiscal year-end. Some of these borrowings are exposed to interest rate and foreign exchange risk because they are denominated in foreign currencies and bear floating interest rates, but the risks are hedged using derivatives, namely interest rate and currency swaps.」
The company has identified interest rate and foreign exchange risk on some foreign-currency-denominated floating-rate borrowings and disclosed hedging through interest rate and currency swaps.