Interest-rate risk on borrowings and hedging with interest-rate swaps
First written in FY2023. 4 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 12 of 58 companies on the "Worse" side.
89 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For some long-term borrowings, the Company uses derivative transactions, specifically interest rate swaps, for each individual contract to avoid the risk of fluctuations in interest payments and fix interest payments.」
The use of interest rate swaps to fix interest payments in response to interest rate risk from variable-rate borrowings is reiterated. - FY2025RestatedAnnual report
「For some long-term borrowings, the Company uses derivative transactions, specifically interest rate swaps, for each individual contract to avoid the risk of fluctuations in interest payments and fix interest payments.」
The use of interest rate swaps to fix interest payments in response to interest rate risk from variable-rate borrowings is reiterated. - FY2025-Q1RestatedAnnual report
「The Group enters into derivative contracts, including interest rate swaps, to address risks arising from interest rate fluctuations and other factors.」
The IFRS accounting policies also state a policy of entering into derivative contracts, including interest rate swaps, as a means of addressing interest rate fluctuation risk. - FY2024RestatedAnnual report
「Long-term borrowings and bonds are primarily used for working capital, and borrowings at variable interest rates are exposed to interest rate fluctuation risk. To avoid the interest rate fluctuation risk associated with long-term borrowings, the Group enters into interest rate swap transactions to fix interest payments.」
Interest rate fluctuation risk from variable-rate borrowings and fixing interest payments through interest rate swaps are reiterated. - FY2023First statedAnnual report
「Long-term borrowings and bonds are primarily used for working capital, and borrowings at variable interest rates are exposed to interest rate fluctuation risk. To avoid the interest rate fluctuation risk associated with long-term borrowings, the Group enters into interest rate swap transactions to fix interest payments.」
Interest rate fluctuation risk from variable-rate borrowings and interest rate swap transactions as a means of addressing that risk are newly disclosed.