Hedging Interest Rate Risk with Interest Rate Swaps
First written in FY2018. 6 of 8 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 12 of 58 companies on the "Worse" side.
89 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Capital expenditure is generally funded through long-term fixed-rate borrowings and the issuance of corporate bonds (privately placed bonds guaranteed by banks). To avoid excessive exposure to interest rate fluctuation risk, fixed rates and interest rate swaps are used to manage funding costs.」
The funding policy of controlling interest rate fluctuation risk through fixed rates and interest rate swaps remains in place. - FY2023RestatedAnnual report
「Capital expenditure is generally funded through long-term fixed-rate borrowings and the issuance of corporate bonds (privately placed bonds guaranteed by banks). To avoid excessive exposure to interest rate fluctuation risk, fixed rates and interest rate swaps are used to manage funding costs.」
The funding policy of controlling interest rate fluctuation risk through fixed rates and interest rate swaps remains in place. - FY2023-Q2RestatedAnnual report
「All derivative transactions are subject to hedge accounting and are therefore excluded from disclosure.」
The practice of applying hedge accounting to derivative transactions remains in place. - FY2022RestatedAnnual report
「We hedge against interest rate fluctuation risk within the scope of the special accounting treatment.」
The policy of hedging interest rate fluctuation risk on borrowings with interest rate swaps remains in place. - FY2022-Q2RestatedAnnual report
「All derivative transactions are subject to hedge accounting and are therefore excluded from disclosure.」
The practice of applying hedge accounting to derivative transactions remains in place. - FY2021Update to interest rate swap contract balancesAnnual report
「Interest rate swaps Receive floating, pay fixed Long-term borrowings 207,500 107,500」
For interest rate swaps used to hedge interest rate fluctuation risk, the contract amount and other amounts were reported as ¥207,500 thousand, of which ¥107,500 thousand was due after more than 1 year. - FY2019RestatedAnnual report
「We hedge against interest rate fluctuation risk within the scope of the special accounting treatment.」
The policy of hedging interest rate fluctuation risk on borrowings with interest rate swaps remains in place. - FY2018First statedAnnual report
「We hedge against interest rate fluctuation risk within the scope of the special accounting treatment.」
Interest rate swaps are used to hedge the interest rate fluctuation risk on variable-rate borrowings.