Hedging Interest Rate Fluctuation Risk on Variable-Rate Borrowings Using Interest Rate Swaps
First written in FY2016. 2 of 8 entries say "Dropped", first in FY2021. Latest entry: FY2023.
The whole theme swung hardest in 2025: 12 of 58 companies on the "Worse" side.
9 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual report
「(Derivatives transactions) There are no applicable items.」
Regarding the accounting policy described in the previous filing of using interest rate swaps as hedging instruments, this filing contains no description of interest rate swap transactions and states that there are no applicable derivatives transactions. - FY2023-Q2Restated the accounting policy of using interest rate swaps as hedging instrumentsAnnual report
「① Hedge accounting method The company applies deferred hedge accounting. For interest rate swap transactions meeting the requirements for special treatment, the company applies special treatment. ② Hedging instruments and hedged items Hedging instruments: Interest rate swaps Hedged items: Variable-rate borrowings ③ Hedging policy The company hedges the interest rate fluctuation risk on variable-rate borrowings.」
The previous filing stated that there were no applicable interest rate swap transactions, whereas this filing describes an accounting policy of using interest rate swaps as hedging instruments for variable-rate borrowings. Contract amounts and other figures are not disclosed. - FY2021DroppedAnnual report
「Fiscal year (30 November 2021) There are no applicable items.」
For the interest rate swap transactions reported through the previous fiscal year, the company states that there were no applicable items in the current fiscal year. - FY2020Interest rate swap contract amounts halved, with no contracts exceeding 1 year remainingAnnual report
「Interest rate swap transactions Pay fixed, receive floating Long-term borrowings 60,000 － － (Note)」
Contract amounts and other figures for interest rate swaps hedging the interest rate fluctuation risk on variable-rate borrowings were ¥60 million, with zero contract amounts exceeding 1 year, down from ¥120 million and ¥60 million, respectively, in the previous fiscal year. - FY2019Interest rate swap contract amounts decreased furtherAnnual report
「Interest rate swap transactions Pay fixed, receive floating Long-term borrowings 120,000 60,000 － (Note)」
For interest rate swaps hedging the interest rate fluctuation risk on variable-rate borrowings, contract amounts and other figures were ¥120 million, including ¥60 million with maturities exceeding 1 year, further down from the previous fiscal year. - FY2018Interest rate swap contract amounts decreased furtherAnnual report
「Interest rate swap transactions Pay fixed, receive floating Long-term borrowings 180,000 120,000 － (Note)」
For interest rate swaps hedging the interest rate fluctuation risk on variable-rate borrowings, contract amounts and other figures were ¥180 million, including ¥120 million with maturities exceeding 1 year, down from the previous fiscal year. - FY2017Interest rate swap contract amounts decreasedAnnual report
「Interest rate swap transactions Pay fixed, receive floating Long-term borrowings 240,000 180,000 － (Note)」
For interest rate swaps hedging the interest rate fluctuation risk on variable-rate borrowings, contract amounts and other figures were ¥240 million, including ¥180 million with maturities exceeding 1 year, down from the previous fiscal year. - FY2016First statedAnnual report
「The company hedges the interest rate fluctuation risk on variable-rate borrowings.」
Interest rate swaps are used as hedging instruments. Contract amounts and other figures for the fiscal year were ¥345 million, including ¥240 million with maturities exceeding 1 year.