Interest Rate Risk on Variable-Rate Borrowings and Hedging with Interest Rate Swaps
First written in FY2018. 2 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
93 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Borrowings are used for working capital, primarily short-term, and capital expenditure, long-term. Some borrowings carry variable interest rates and are exposed to interest rate fluctuation risk, which the Company hedges using derivative transactions, specifically interest rate swaps.」
The policy of hedging interest rate fluctuation risk on variable-rate borrowings with interest rate swaps continues. - FY2021RestatedAnnual report
「Borrowings are used for working capital, primarily short-term, and capital expenditure, long-term. Some borrowings carry variable interest rates and are exposed to interest rate fluctuation risk, which the Company hedges using derivative transactions, specifically interest rate swaps.」
The policy of hedging interest rate fluctuation risk on variable-rate borrowings with interest rate swaps continues. - FY2018First statedAnnual report
「Borrowings are used for working capital, primarily short-term, and capital expenditure, long-term. Some borrowings carry variable interest rates and are exposed to interest rate fluctuation risk, which the Company hedges using derivative transactions, specifically interest rate swaps.」
Interest rate fluctuation risk on variable-rate borrowings is hedged using interest rate swap transactions.