Interest Rate Risk from Variable-Rate Borrowings
First written in FY2022. 4 of 5 entries say "Worsened", first in FY2023. Latest entry: FY2026.
Jmdc moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
39 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Floating-rate borrowings 37,586 41,095」
Floating-rate borrowings increased from ¥37,586 million in the previous fiscal year to ¥41,095 million, while the impact of a 1% increase in interest rates on profit before tax expanded from a ¥382 million decrease to a ¥414 million decrease. - FY2025WorsenedAnnual report
「The Group's exposure to interest rate risk consists of ¥37,586 million in floating-rate borrowings. A 1% increase in interest rates would reduce profit before tax in the consolidated statement of income by ¥382 million.」
Floating-rate borrowings increased from ¥27,785 million to ¥37,586 million, while the impact of a 1% increase in interest rates on profit before tax expanded from a ¥289 million decrease to a ¥382 million decrease. - FY2024WorsenedAnnual report
「The Group's exposure to interest rate risk consists of ¥27,785 million in floating-rate borrowings. A 1% increase in interest rates would reduce profit before tax in the consolidated statement of income by ¥289 million.」
Floating-rate borrowings increased from ¥11,489 million in the previous fiscal year to ¥27,785 million, while the impact of a 1% increase in interest rates on profit before tax expanded from a ¥129 million decrease to a ¥289 million decrease. - FY2023WorsenedAnnual report
「Floating-rate borrowings 11,489」
Floating-rate borrowings increased from ¥10,385 million in the previous fiscal year to ¥11,489 million, while the impact of a 1% increase in interest rates on profit before tax expanded from a ¥117 million decrease to a ¥129 million decrease. - FY2022First statedAnnual report
「When borrowings are at floating rates, interest payments are affected by changes in market interest rates, exposing the Group to interest rate risk from fluctuations in future cash flows for interest payments.」
The Group disclosed ¥10,385 million in floating-rate borrowings as its exposure to interest rate risk and estimated that a 1% increase in interest rates would reduce profit before tax by ¥117 million.