Financial Impact of Rising Market Interest Rates
First written in FY2016. 16 of 35 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-08-06.
Taiheiyo Cement moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
39 other companies' latest entry also says "Worsened".
- FY2026MitigatedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥79 million from the end of the previous consolidated fiscal year to ¥38,977 million.」
Interest-bearing debt was broadly unchanged from the end of the previous fiscal year but decreased from ¥41,059 million in FY2026-H1. Financial exposure when market interest rates rise decreased from the interim period. - 2026-05-12WorsenedEarnings
「Interest expense 4,302 6,010」
Interest-bearing debt increased by ¥7.9 billion from the end of the previous fiscal year to ¥389.767 billion, while interest expense rose from ¥4.302 billion to ¥6.010 billion. The figures indicate a worsening financial impact if market interest rates rise. - FY2026-H1WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥2,090 million from the end of the previous consolidated fiscal year to ¥41,059 million.」
Interest-bearing debt increased by ¥2,090 million from the end of the previous fiscal year to ¥41,059 million, expanding financial exposure when market interest rates rise. - FY2025WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥1,921 million from the end of the previous consolidated fiscal year to ¥38,968 million.」
Interest-bearing debt increased by ¥1,921 million from the end of the previous fiscal year, expanding financial exposure when market interest rates rise. - FY2025-H1WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥582 million from the end of the previous consolidated fiscal year to ¥37,629 million.」
Interest-bearing debt increased by ¥582 million from the end of the previous fiscal year to ¥37,629 million, expanding financial exposure when market interest rates rise. - FY2024MitigatedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, decreased by ¥3,301 million from the end of the previous consolidated fiscal year to ¥37,046 million.」
Interest-bearing debt decreased from ¥40,348 million at the end of the previous fiscal year to ¥37,046 million, reducing financial exposure when market interest rates rise. - FY2024-Q3MitigatedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, decreased by ¥523 million from the end of the previous consolidated fiscal year to ¥39,826 million.」
Interest-bearing debt decreased by ¥523 million from the end of the previous consolidated fiscal year to ¥39,826 million, reducing financial exposure when market interest rates rise. - FY2024-Q2MitigatedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, decreased by ¥1,493 million from the end of the previous consolidated fiscal year to ¥38,854 million.」
Interest-bearing debt decreased by ¥1,493 million from the end of the previous consolidated fiscal year to ¥38,854 million, reducing financial exposure when market interest rates rise. - FY2024-Q1WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥299 million from the end of the previous consolidated fiscal year to ¥40,647 million.」
Interest-bearing debt increased by ¥299 million from the end of the previous consolidated fiscal year to ¥40,647 million, expanding financial exposure when market interest rates rise. - FY2023WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥13,289 million from the end of the previous consolidated fiscal year to ¥40,348 million.」
Interest-bearing debt increased by ¥13,289 million from the end of the previous fiscal year to ¥40,348 million, further expanding financial exposure when market interest rates rise. - FY2023-Q3WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥12,304 million from the end of the previous consolidated fiscal year to ¥39,363 million.」
Interest-bearing debt increased by ¥12,304 million from the end of the previous consolidated fiscal year to ¥39,363 million, further expanding financial exposure when market interest rates rise. - FY2023-Q2WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥10,306 million from the end of the previous consolidated fiscal year to ¥37,366 million.」
Interest-bearing debt increased by ¥10,306 million from the end of the previous consolidated fiscal year to ¥37,366 million, expanding financial exposure when market interest rates rise. - FY2023-Q1WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥7,039 million from the end of the previous consolidated fiscal year to ¥34,098 million.」
Interest-bearing debt increased by ¥7,039 million from the end of the previous consolidated fiscal year to ¥34,098 million, expanding financial exposure to higher interest rates. - FY2022WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥2,248 million from the end of the previous consolidated fiscal year to ¥27,058 million.」
Interest-bearing debt increased by ¥2,248 million from the end of the previous fiscal year to ¥27,058 million, expanding financial exposure to higher interest rates. - FY2022-Q3WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥3,974 million from the end of the previous consolidated fiscal year to ¥28,807 million.」
Interest-bearing debt increased by ¥3,974 million from the end of the previous consolidated fiscal year to ¥28,807 million. It also increased from ¥26,945 million at the end of the previous quarter, expanding financial exposure to higher interest rates. - FY2022-Q2WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥2,135 million from the end of the previous consolidated fiscal year to ¥26,945 million.」
Interest-bearing debt increased by ¥2,135 million from the end of the previous consolidated fiscal year to ¥26,945 million, expanding financial exposure to higher interest rates. - FY2022-Q1WorsenedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥475 million from the end of the previous consolidated fiscal year to ¥25,287 million.」
Interest-bearing debt increased by ¥475 million from the end of the previous consolidated fiscal year to ¥25,287 million, expanding financial exposure to higher interest rates. - FY2021MitigatedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, decreased by ¥1,801 million from the end of the previous consolidated fiscal year to ¥24,810 million.」
Interest-bearing debt decreased by ¥1,801 million from the end of the previous fiscal year to ¥24,810 million, reducing financial exposure to higher interest rates. - FY2021-Q3MitigatedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥272 million from the end of the previous consolidated fiscal year to ¥26,843 million.」
Although interest-bearing debt increased from the end of the previous consolidated fiscal year, it decreased from ¥28,928 million at the end of the previous quarter to ¥26,843 million, reducing financial exposure to higher interest rates from the immediately preceding quarter. - FY2021-Q2MitigatedAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds due for redemption within one year, bonds and long-term borrowings, increased by ¥2,315 million from the end of the previous consolidated fiscal year to ¥28,928 million.」
Although interest-bearing debt increased by ¥2,315 million from the end of the previous consolidated fiscal year, it decreased from ¥29,874 million at the end of the previous quarter, slightly reducing financial exposure to the risk of rising interest rates from the immediately preceding quarter. - FY2021-Q1Increase in Interest-Bearing DebtAnnual report
「Interest-bearing debt, comprising short-term borrowings, commercial paper, bonds and long-term borrowings, increased by ¥3,263 million from the end of the previous consolidated fiscal year to ¥29,874 million.」
Interest-bearing debt increased by ¥3,263 million from the end of the previous consolidated fiscal year to ¥29,874 million, expanding the Company's financial exposure to higher interest rates. - FY2020MitigatedAnnual report
「If market interest rates rise significantly, the Company may be affected, including through higher interest payments. However, the Group is working to strengthen its financial position by reducing interest-bearing debt and through other measures, while also limiting risk by using derivatives for certain transactions as necessary.」
New measures to mitigate the risk of rising market interest rates, including reducing interest-bearing debt and using derivatives, were explicitly disclosed. Interest-bearing debt decreased by ¥1,349 million from the end of the previous fiscal year. - FY2019RestatedAnnual report
「If market interest rates rise significantly, the Company may be affected.」
The risk of financial impact from rising market interest rates continued to be disclosed. - FY2019-Q3RestatedAnnual report
「There were no occurrences of matters relating to the business, financial conditions or other items described in this quarterly report that could have a material impact on investors' decisions during the cumulative third quarter, and no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of financial impact from rising market interest rates was confirmed to remain unchanged based on the Company's statement that there had been no material changes. - FY2019-Q2RestatedAnnual report
「There were no occurrences of matters relating to the business, financial conditions or other items described in this quarterly report that could have a material impact on investors' decisions during the cumulative second quarter, and no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of financial impact from rising market interest rates was confirmed to remain unchanged based on the Company's statement that there had been no material changes. - FY2019-Q1RestatedAnnual report
「There were no new developments during the three-month cumulative consolidated period of the current fiscal year among matters concerning the business and financial conditions described in this quarterly report that could have a material impact on investors' decisions, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The risk of financial impact from rising market interest rates was confirmed to remain unchanged based on the Company's statement that there had been no material changes. - FY2018RestatedAnnual report
「If market interest rates rise significantly, the Company may be affected.」
The risk of financial impact from rising market interest rates continued to be disclosed as before. - FY2018-Q3RestatedAnnual report
「There were no new developments during the nine-month cumulative consolidated period of the current fiscal year among matters concerning the business and financial conditions described in this quarterly report that could have a material impact on investors' decisions, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The risk of financial impact from rising market interest rates was confirmed to remain unchanged based on the Company's statement that there had been no material changes. - FY2018-Q2RestatedAnnual report
「There were no new developments during the six-month cumulative consolidated period of the current fiscal year among matters concerning the business and financial conditions described in this quarterly report that could have a material impact on investors' decisions, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The risk of financial impact from rising market interest rates was confirmed to remain unchanged based on the Company's statement that there had been no material changes. - FY2018-Q1RestatedAnnual report
「There were no new developments during the three-month cumulative consolidated period of the current fiscal year among matters concerning the business and financial conditions described in this quarterly report that could have a material impact on investors' decisions, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The risk of financial impact from rising market interest rates was confirmed to remain unchanged based on the Company's statement that there had been no material changes. - FY2017RestatedAnnual report
「If market interest rates rise significantly, the Company may be affected.」
The risk of financial impact from rising market interest rates continued to be disclosed. - FY2017-Q3RestatedAnnual report
「There were no new developments during the nine-month cumulative consolidated period of the current fiscal year among matters concerning the business and financial conditions described in this quarterly report that could have a material impact on investors' decisions, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The risk of financial impact from rising market interest rates was confirmed to remain unchanged based on the Company's statement that there had been no material changes. - FY2016First statedAnnual report
「If market interest rates rise significantly, the Company may be affected.」
The Company identifies rising market interest rates as a risk due to its borrowings and bonds.