Interest rate risk from floating-rate borrowings
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
39 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The Company finances its long-term borrowings at fixed interest rates, but assumes that fluctuations in interest rates resulting from medium- to long-term changes in financial conditions could affect its operating performance.」
Interest rate fluctuation risk continues to be recognized, while it was explicitly stated that long-term borrowings are financed at fixed interest rates. - FY2021RestatedAnnual report
「Borrowings are used for working capital, mainly short-term, and capital investment, which is long-term. Some borrowings carry variable interest rates and are therefore exposed to interest-rate fluctuation risk.」
The interest-rate fluctuation risk arising from variable-rate borrowings was disclosed again. - FY2020First statedAnnual report
「Borrowings are used for working capital, mainly short-term, and capital investment, which is long-term. Some borrowings carry variable interest rates and are therefore exposed to interest-rate fluctuation risk.」
The interest-rate fluctuation risk arising from some borrowings carrying variable interest rates was explicitly disclosed for the first time in the description of the company's financial instruments.