Impact of Rising Borrowing Interest Rates on Operating Results and Financial Position
First written in FY2020. 5 of 6 entries say "Mitigated", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As of 31 March 2026, total short- and long-term borrowings were approximately ¥18.5 billion, but if interest rates rise, higher interest expense could affect the operating results of the Group.」
Short- and long-term borrowings declined from approximately ¥20.8 billion in the previous fiscal year to approximately ¥18.5 billion, and the company continues to use its CMS, fixed-rate borrowings and interest rate swaps to address higher interest rate risk. - 2026-06-03MitigatedResults presentation
「Interest-bearing debt ¥21.0 billion ¥18.7 billion △¥2.3 billion」
Interest-bearing debt declined from ¥21.0 billion in the previous fiscal year to ¥18.7 billion, reducing the borrowing balance underlying interest-rate-rise risk. - FY2025MitigatedAnnual report
「As of 31 March 2025, total short- and long-term borrowings were approximately ¥20.8 billion, but if interest rates rise, higher interest expense could affect the operating results of the Group.」
Short- and long-term borrowings declined from approximately ¥24.9 billion in the previous disclosure to approximately ¥20.8 billion. Interest rate risk remains, but the company continues to address it through its CMS, long-term fixed-rate borrowings and interest rate swaps. - FY2024MitigatedAnnual report
「As of 31 March 2024, total short- and long-term borrowings were approximately ¥24.9 billion. If interest rates rise, higher interest expense could affect the operating results of the Group.」
Short- and long-term borrowings declined from approximately ¥30.4 billion in the previous disclosure to approximately ¥24.9 billion. Interest rate risk remains, but the company continues to recognize that the impact is relatively small due to its cash management system (CMS), long-term fixed-rate borrowings, interest rate swaps and other measures. - FY2023MitigatedAnnual report
「As of 31 March 2023, total short- and long-term borrowings were approximately ¥30.4 billion. If interest rates rise, higher interest expense could affect the operating results of the Group. Given current financial conditions, long-term interest rates are on an upward trend, but the company believes that the impact of this risk on the Group is relatively small.」
Borrowings declined from approximately ¥40.8 billion to approximately ¥30.4 billion, and the company stated that the impact of higher interest rate risk was relatively small. Long-term fixed-rate borrowings and interest rate swaps are also being used as countermeasures. - FY2020First statedAnnual report
「As of 31 March 2020, total short- and long-term borrowings were approximately ¥40.8 billion. If interest rates rise, higher interest expense could affect the operating results and financial position of the Group.」
The company describes interest rate risk arising from approximately ¥40.8 billion in short- and long-term borrowings and cites interest rate swap agreements and other measures as a response.