Risk of Higher Funding Costs Due to Rising Interest Rates
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 34 of 95 companies on the "Worse" side.
84 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Borrowings and convertible bonds with stock acquisition rights are primarily used to finance working capital and domestic and overseas investments. Some borrowings carry variable interest rates and are therefore exposed to interest rate fluctuation risk, although the Group hedges this risk by using interest rate swaps as necessary.」
Interest rate fluctuation risk associated with variable-rate borrowings and the policy of hedging through interest rate swaps continue to be disclosed. - FY2026-H1Increase in interest expensesAnnual report
「Interest expenses 107 146」
Interest expenses for the current interim consolidated fiscal period amounted to ¥146 million, up from ¥107 million in the same period of the previous year. The financing costs associated with borrowings have been updated in the results. - FY2025RestatedAnnual report
「Non-operating expenses amounted to ¥467 million, an increase of ¥128 million from the previous consolidated fiscal year, mainly due to higher interest expenses associated with increased borrowings.」
The increase in interest expenses associated with higher borrowings was disclosed, continuing to indicate the existing risk relating to financing costs. - FY2020RestatedAnnual report
「In a future environment of rising interest rates, the increased interest burden associated with financing could affect the financial position and operating results of the Group.」
The future risk of rising interest rates associated with financing through borrowings and other means continues to be disclosed. - FY2019First statedAnnual report
「In a future environment of rising interest rates, the increased interest burden associated with financing could affect the financial position and operating results of the Group.」
The future risk of rising interest rates associated with financing through borrowings and other means was explicitly disclosed for the first time.