Interest Rate Risk on Borrowings and Hedging with Interest Rate Swaps
First written in FY2016. 14 of 21 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 13 of 67 companies on the "Worse" side.
33 other companies' latest entry also says "Other".
- FY2025No interest rate swap transactions recordedAnnual report
「Current consolidated fiscal year (1 April 2024 to 31 March 2025) 1 Derivative transactions to which hedge accounting is not applied Not applicable. 2 Derivative transactions to which hedge accounting is applied Not applicable.」
Regarding the interest rate swap recorded at ¥15.000 million in the previous fiscal year, the company states that there were no applicable transactions in the current fiscal year, either with or without hedge accounting. - FY2024Interest rate swap contract amount decreasedAnnual report
「Interest rate swap transactions Fixed payments/variable receipts Long-term borrowings 15,000 －」
The policy of hedging interest rate fluctuations on borrowings through interest rate swaps continues, but the contract amount decreased from ¥75.000 million in the previous fiscal year to ¥15.000 million. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in its principal risks, including interest rate fluctuation risk on borrowings. - FY2022Interest rate swap contract amount decreasedAnnual report
「Interest rate swap transactions Fixed payments/variable receipts Long-term borrowings 135,000 75,000」
The policy of hedging interest rate fluctuation risk continues, but the amount of contracts and other related amounts decreased from ¥198.610 million in the previous fiscal year to ¥135.000 million. - FY2022-Q3RestatedAnnual report
「During the third quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in its principal risks, including interest rate fluctuation risk on borrowings. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in its principal risks, including interest rate fluctuation risk on borrowings. - FY2021The interest rate swap notional amount decreased further.Annual report
「Interest rate swap transactions Fixed payments/variable receipts Long-term borrowings 198,610 135,000」
The hedging policy using interest rate swaps continues, but the amount of contracts and other related amounts decreased from ¥272.890 million in the previous fiscal year to ¥198.610 million. - FY2020The interest rate swap notional amount decreased further.Annual report
「Interest rate swap transactions Fixed payments/variable receipts Long-term borrowings 272,890 198,610」
The policy of hedging interest rate fluctuations on borrowings through interest rate swaps continues, but the amount of contracts and other related amounts decreased from ¥347.170 million in the previous consolidated fiscal year to ¥272.890 million. - FY2020-Q3RestatedAnnual report
「During the cumulative consolidated period of the third quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in existing business and other risks, including interest rate fluctuation risk on borrowings. - FY2019Interest rate swap contract amount decreasedAnnual report
「Interest rate swap transactions Fixed payments/variable receipts Long-term borrowings 347,170 272,890」
The policy of hedging interest rate fluctuation risk continues, but the amount of interest rate swap contracts and other related amounts decreased from ¥421.450 million in the previous consolidated fiscal year to ¥347.170 million. - FY2019-Q3RestatedAnnual report
「During the cumulative consolidated period of the third quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in existing business and other risks, including interest rate fluctuation risk on borrowings. - FY2019-Q2RestatedAnnual report
「During the cumulative consolidated period of the second quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in existing business and other risks, including interest rate fluctuation risk on borrowings. - FY2019-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in existing business and other risks, including interest rate fluctuation risk on borrowings. - FY2018-Q3RestatedAnnual report
「During the cumulative consolidated period of the third quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in existing business and other risks, including interest rate fluctuation risk on borrowings. - FY2018-Q2RestatedAnnual report
「During the cumulative consolidated period of the second quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in existing business and other risks, including interest rate fluctuation risk on borrowings. - FY2018-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in existing business and other risks, including interest rate fluctuation risk on borrowings. - FY2017RestatedAnnual report
「Some of these are exposed to interest rate fluctuation risk because they carry variable interest rates. To avoid the risk of fluctuations in interest payments and fix interest expense, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments.」
The company continues to hedge the interest rate risk on its borrowings with interest rate swaps. - FY2017-Q3RestatedAnnual report
「During the cumulative consolidated period of the third quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the existing business and other risks, including interest rate risk on borrowings. - FY2017-Q2RestatedAnnual report
「During the cumulative consolidated period of the second quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the existing business and other risks, including interest rate risk on borrowings. - FY2017-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in existing business and other risks, including the interest rate risk associated with borrowings. - FY2016First statedAnnual report
「Some of these are exposed to interest rate fluctuation risk because they carry variable interest rates. To avoid the risk of fluctuations in interest payments and fix interest expense, the company uses derivative transactions, specifically interest rate swaps, as hedging instruments.」
The amount of interest rate swap contracts and other related amounts at the end of the current fiscal year was ¥570.010 million.