Mitigating Borrowing Rate Fluctuation Risk Through Interest Rate Swaps
First written in FY2019. 2 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 11 of 65 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
- FY2026Continued decline in interest rate swap contract amountsAnnual report
「Interest rate swap transactions Fixed-rate payments and floating-rate receipts Long-term borrowings 480,000 80,000」
The notional amount of interest rate swaps used to hedge interest rate risk decreased from ¥1,180 million in the previous fiscal year to ¥480 million, of which ¥80 million had a remaining term of more than 1 year. - FY2025Continued decline in interest rate swap contract amountsAnnual report
「Interest rate swap transactions Fixed-rate payments and floating-rate receipts Long-term borrowings 1,180,000 480,000」
The notional amount of interest rate swaps used to hedge interest rate risk decreased from ¥1,940 million in the previous fiscal year to ¥1,180 million, of which ¥480 million had a remaining term of more than 1 year. - FY2024Decrease in the amount of interest rate swap contractsAnnual report
「Interest rate swap transactions Fixed-rate payments and floating-rate receipts Long-term borrowings 1,940,000 1,180,000」
The notional amount of interest rate swaps used to hedge interest rate risk decreased from ¥2,700 million in the previous fiscal year to ¥1,940 million, of which ¥1,180 million had a remaining term of more than 1 year. - FY2023AdvancedAnnual report
「Interest rate swap transactions Fixed-rate payments and floating-rate receipts Long-term borrowings 2,700,000 1,940,000」
The notional amount and other terms of interest rate swap contracts used to hedge interest rate risk increased from ¥1,780 million in the previous fiscal year to ¥2,700 million. - FY2022AdvancedAnnual report
「Consolidated fiscal year ended 31 March 2022 Special treatment for interest rate swaps Interest rate swap transactions Fixed-rate payments and floating-rate receipts Long-term borrowings 1,780,000 1,340,000」
The notional amount and other terms of interest rate swaps used to hedge interest rate risk increased from ¥1,080 million in the previous fiscal year to ¥1,780 million. - FY2021RestatedAnnual report
「Although borrowings at variable interest rates are exposed to interest rate fluctuation risk, the company uses derivatives, specifically interest rate swaps, as hedging instruments for some long-term borrowings to avoid the risk of fluctuations in interest payments and fix interest expense.」
The company continues its policy of using interest rate swaps for a portion of its long-term borrowings to hedge the risk of fluctuations in interest payments. - FY2020RestatedAnnual report
「Although borrowings at variable interest rates are exposed to interest rate fluctuation risk, the company uses derivatives, specifically interest rate swaps, as hedging instruments for some long-term borrowings to avoid the risk of fluctuations in interest payments and fix interest expense.」
The company continues its policy of using interest rate swaps for a portion of its long-term borrowings to hedge interest rate risk. - FY2019First statedAnnual report
「Although borrowings at variable interest rates are exposed to interest rate fluctuation risk, the company uses derivatives, specifically interest rate swaps, as hedging instruments for some long-term borrowings to avoid the risk of fluctuations in interest payments and fix interest expense.」
The company uses interest rate swaps for some long-term borrowings to avoid the risk of fluctuations in interest payments and fix interest expense.