Interest-rate risk from floating-rate borrowings
First written in FY2021. 2 of 6 entries say "Worsened", first in FY2024. Latest entry: FY2026.
CHANGE Holdings moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
41 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The impact on profit before tax of a 1% increase in interest rates was negative ¥224 million in the previous consolidated fiscal year and negative ¥215 million in the current consolidated fiscal year.」
The impact on profit before tax of a 1% increase in interest rates has decreased from negative ¥224 million to negative ¥215 million. - FY2025WorsenedAnnual report
「Impact on profit before tax − 98 −224」
The impact on profit before tax of a 1% increase in interest rates has increased from negative ¥98 million in the previous fiscal year to negative ¥224 million. - FY2024WorsenedAnnual report
「The impact on the Group's profit before tax of a 1% increase in interest rates in each reporting period is as follows. Impact on profit before tax − 98」
The impact on profit before tax of a 1% increase in interest rates has increased from negative ¥23 million in the previous year to negative ¥98 million. - FY2023Update to interest rate sensitivityAnnual report
「The impact on the Group's profit before tax of a 1% increase in interest rates in each reporting period is as follows. Impact on profit before tax −23」
The impact on profit before tax of a 1% increase in interest rates has been updated from negative ¥7 million in the previous consolidated fiscal year to negative ¥23 million. - FY2022Update to interest rate sensitivityAnnual report
「The impact on the Group's profit before tax of a 1% increase in interest rates in each reporting period is as follows. Impact on profit before tax −7」
The impact on profit before tax of a 1% increase in interest rates has been updated to negative ¥7 million for the six-month consolidated fiscal year. - FY2021First statedAnnual report
「We continuously monitor current conditions and the outlook for floating interest rates.」
The company has newly disclosed the risk that, if working capital, M&A funding or other financing is raised at floating interest rates, future cash flows for interest payments may fluctuate as interest rates rise, and has identified continuous monitoring as a response measure. The impact on profit before tax of a 1% increase in interest rates is stated as negative ¥15 million.