Hedging Borrowing Interest Rate Fluctuation Risk with Interest Rate Swaps
First written in FY2018. 2 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
- FY2026Continued reduction in interest rate swap notional amountsAnnual report
「Fiscal year ended 28 February 2026: general accounting method, interest rate swap transactions, notional amount, etc., ¥1,055 million; special accounting treatment for interest rate swaps, interest rate swap transactions, notional amount, etc., ¥4,003 million」
The total notional amount of interest rate swaps was ¥5,058 million, down from ¥5,850 million in the previous fiscal year. The policy of avoiding interest rate fluctuation risk on long-term borrowings and fixing cash flows remains in place. - FY2025Continued reduction in interest rate swap notional amountsAnnual report
「General accounting method: interest rate swap transactions, notional amount, etc., ¥1,176 million; special accounting treatment for interest rate swaps: interest rate swap transactions, notional amount, etc., ¥4,674 million」
The total notional amount of interest rate swaps was ¥5,850 million, down further from ¥6,707 million in the previous fiscal year. The policy of avoiding interest rate fluctuation risk on long-term borrowings and fixing cash flows remains in place. - FY2024Further reduction in interest rate swap notional amountsAnnual report
「In accordance with its policy of prudent management, the Group enters into hedging transactions. It enters into interest rate swap transactions on long-term borrowings to avoid interest rate fluctuation risk and fix cash flows, using interest rate swaps as a risk-hedging measure.」
The total notional amount of interest rate swaps was ¥6,707 million, consisting of ¥1,297 million under the general accounting method and ¥5,410 million under the special accounting treatment, down from ¥7,250 million in the previous fiscal year. - FY2023Reduction in interest rate swap balancesAnnual report
「While working to reduce funding costs, the Group uses interest rate swaps and other methods so as to avoid excessive exposure to interest rate fluctuation risk.」
The Company reconfirmed its policy of using interest rate swaps. As borrowings decreased, the total notional amount of interest rate swaps declined from ¥22,767 million in the previous fiscal year to ¥7,250 million. - FY2022RestatedAnnual report
「While working to reduce funding costs, the Group uses interest rate swaps and other methods so as to avoid excessive exposure to interest rate fluctuation risk.」
The Company reconfirmed its policy of hedging interest rate fluctuation risk through interest rate swaps and other instruments while controlling funding costs. - FY2021RestatedAnnual report
「While working to reduce funding costs, the Group uses interest rate swaps and other methods so as to avoid excessive exposure to interest rate fluctuation risk.」
The company has reaffirmed its policy of using interest-rate swaps and other instruments to control interest-rate risk on borrowings. - FY2020AdvancedAnnual report
「While working to reduce funding costs, the Group uses interest rate swaps and other methods for most of its capital expenditure funding so as to avoid excessive exposure to interest rate fluctuation risk.」
The notional amounts of interest rate swaps were ¥11,996 million under the general accounting method and ¥17,439 million under the special accounting treatment, representing an increase in the amounts covered from the previous fiscal year. - FY2018First statedAnnual report
「Interest rate swaps are entered into to avoid the risk of future interest rate fluctuations on borrowings and related interest expense.」
The Company disclosed its policy and implementation status regarding the use of interest rate swaps to mitigate interest rate fluctuation risk on borrowings.