Interest-rate risk on borrowings and hedging
First written in FY2018. 3 of 6 entries say "Restated". Latest entry: FY2024-Q3.
Osaka Steel moved to the "Worse" side of this theme in 2021, 4 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
93 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Although we pursued measures to procure low-cost billets and expand sales, including exports, the challenging operating conditions continued due to weak domestic demand in Indonesia, margin deterioration caused by market fluctuations, and higher interest expenses resulting from rising interest rates.」
The increase in interest expense due to higher interest rates continues to be identified as a factor behind the difficult operating conditions in the Indonesian business. - FY2024-Q2WorsenedAnnual report
「Although we pursued measures to procure low-cost billets and expand sales, including exports, the challenging operating conditions continued due to weak domestic demand in Indonesia, margin deterioration caused by market fluctuations, and higher interest expenses resulting from rising interest rates.」
The increase in interest expense due to higher interest rates is identified as a factor behind the difficult operating conditions in the Indonesian business, and the burden from interest-rate fluctuations has actually arisen. - FY2021ReframedAnnual report
「Foreign exchange fluctuation risk The company uses forward exchange contracts to avoid foreign exchange fluctuation risk associated with foreign-currency-denominated receivables and payables arising from sales and purchase transactions, financing transactions, investments and loans, and other activities conducted as part of its business operations.」
In addition to managing interest-rate risk on existing borrowings through interest-rate swaps, the company explicitly identifies forward exchange contracts for foreign-currency-denominated transactions, thereby broadening the scope of its hedging. - FY2020RestatedAnnual report
「We use interest-rate swaps to limit the risk of fluctuations in the interest payable on borrowings.」
The company continues to maintain a policy of limiting interest-rate risk on borrowings through interest-rate swaps. - FY2019RestatedAnnual report
「We use interest-rate swaps to limit the risk of fluctuations in the interest payable on borrowings.」
The company continues to maintain a policy of managing interest-rate risk on borrowings through interest-rate swaps. - FY2018First statedAnnual report
「We use interest-rate swaps to limit the risk of fluctuations in the interest payable on borrowings.」
The company recognizes the risk of fluctuations in interest payments on borrowings and hedges it through interest-rate swap transactions.