Interest Rate Risk on Borrowings
First written in FY2016. 3 of 9 entries say "Mitigated", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
40 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Impact on profit before tax for the period △86 △80」
The impact on profit before tax for the period of a 0.1% rise in interest rates narrowed from negative ¥86 million in the previous year to negative ¥80 million. - FY2025WorsenedAnnual report
「Impact on profit before tax for the period △74 △86」
The impact on profit before tax for the period of a 0.1% rise in interest rates increased from ¥74 million in the previous year to ¥86 million. - FY2023MitigatedAnnual report
「Impact on profit before tax △82 △42」
The impact on profit before tax of a 0.1% rise in interest rates narrowed from negative ¥82 million in the previous year to negative ¥42 million. However, the Group continues to recognize the risk that most borrowings carry floating interest rates and are not hedged. - FY2022WorsenedAnnual report
「The outstanding balance of the Group's borrowings with contractual maturities of more than 1 year is as follows.」
Borrowings with maturities of more than 1 year comprised ¥633 million at fixed rates and ¥81,699 million at floating rates, up from ¥37,476 million at floating rates in the previous year. The impact on profit before tax of a 0.1% rise in interest rates also increased from negative ¥37 million to negative ¥82 million. - FY2019RestatedAnnual report
「Although most of the Group's borrowings carry floating interest rates, the Group does not hedge against interest rate fluctuations in light of current interest rate trends and other factors. Therefore, if funding costs change due to a rise in market interest rates or other factors, this could affect the Group's results, cash flows and financial position.」
The Group continues to recognize the risk that most borrowings carry floating interest rates and are not hedged against interest rate risk. - FY2019-Q2WorsenedAnnual report
「Although most of the Group's borrowings carry floating interest rates, the Group does not hedge against interest rate fluctuations in light of current interest rate trends and other factors. Therefore, if funding costs change due to a rise in market interest rates or other factors, this could affect the Group's results, cash flows and financial position.」
The description has changed from the previous statement that the risk of interest rate fluctuations was limited to an explanation that most borrowings carry floating rates and are not hedged against interest rate risk. - FY2018RestatedAnnual report
「Accordingly, the risk arising from fluctuations in interest rates is limited.」
The Group continues to manage interest rate risk using interest rate swaps and other instruments and to recognize the risk of interest rate fluctuations as limited. - FY2017MitigatedAnnual report
「Accordingly, the risk arising from fluctuations in interest rates is limited.」
Among borrowings with maturities of more than 1 year, fixed-rate borrowings increased from ¥5,705 million to ¥8,852 million, while floating-rate borrowings decreased from ¥91,265 million to ¥58,407 million. The notional principal of interest rate swaps decreased from ¥17.0 billion to ¥4.0 billion. - FY2016First statedAnnual report
「To limit increases in interest payments, primarily as a result of higher interest rates, our Group enters into interest-rate swap agreements with financial institutions for certain variable-rate exposures, offsetting the impact of variable rates and stabilizing cash flows by fixing the interest rates on borrowings with contractual terms exceeding one year.」
Discloses interest-rate swap agreements and the balances of fixed- and variable-rate borrowings.