Interest Rate Fluctuation Risk Associated with Borrowings
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 34 of 95 companies on the "Worse" side.
84 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Short-term borrowings are exposed to the risk of interest rate movements, while long-term borrowings are financed at fixed interest rates to reduce the risk of fluctuations in interest payable.」
Continues to mitigate interest rate risk on short-term borrowings and use fixed-rate financing for long-term borrowings. - FY2022ReframedAnnual report
「Short-term borrowings are exposed to the risk of interest rate movements, while long-term borrowings are financed at fixed interest rates to reduce the risk of fluctuations in interest payable.」
Separates interest rate risk on borrowings into short-term and long-term borrowings, and specifies fixed-rate financing as a risk mitigation measure for long-term borrowings. - FY2017RestatedAnnual report
「Because the Group finances working capital and capital expenditures through bank borrowings, changes in the business environment, including future interest rate movements, may affect the Group’s operating performance and financial condition.」
Continues to disclose interest rate risk associated with bank borrowings. - FY2016First statedAnnual report
「Because the Group finances working capital and capital expenditures through bank borrowings, changes in the business environment, including future interest rate movements, may affect the Group’s operating performance and financial condition.」
Reports exposure to interest rate movements associated with using bank borrowings as a source of financing.