Risk of higher borrowing rates
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
82 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「We use interest-rate swaps to limit the risk of fluctuations in the interest payable on borrowings.」
The company continues its policy of using interest rate swaps in response to the risk of higher interest expense resulting from interest rate increases. - FY2018RestatedAnnual report
「The Group seeks to mitigate the risk of interest rate fluctuations on borrowings through measures including partial use of interest rate swaps. However, if interest rates rise in the future, interest expense may increase and have a material impact on the Group’s results.」
The company reiterates the measures including interest rate swaps and the risk of higher interest expense resulting from future interest rate increases. - FY2017RestatedAnnual report
「The Group seeks to mitigate the risk of interest rate fluctuations on borrowings through measures including partial use of interest rate swaps. However, if interest rates rise in the future, interest expense may increase and have a material impact on the Group’s results.」
The company reiterates the measures including interest rate swaps and the risk of higher interest expense resulting from future interest rate increases. - FY2016First statedAnnual report
「The Group seeks to mitigate the risk of interest rate fluctuations on borrowings through measures including partial use of interest rate swaps. However, if interest rates rise in the future, interest expense may increase and have a material impact on the Group’s results.」
The company describes measures including interest rate swaps and the risk of higher interest expense resulting from future interest rate increases.