Interest Rate Risk on Borrowings and Mitigation Through Fixed Rates
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
89 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「長期借入金は、主に設備投資や事業投資に係る資金調達であります。変動金利の借入金は支払金利の変動リスクに晒されておりますが、このうち一部については、支払金利の変動リスクを抑制するため、固定金利を採用しております。」
長期借入金の金利変動リスクを認識し、一部に固定金利を採用する方針を継続している。 - FY2025SoftenedAnnual report
「長期借入金は、主に設備投資や事業投資に係る資金調達であります。変動金利の借入金は支払金利の変動リスクに晒されておりますが、このうち一部については、支払金利の変動リスクを抑制するため、固定金利を採用しております。」
長期借入金について、従来の「主に固定金利」から「一部について固定金利」へ、金利変動リスクの抑制手段の表現が弱まっている。 - FY2023RestatedAnnual report
「Short-term borrowings are used to finance operating transactions and are exposed to interest rate risk because they carry variable rates, but the risk is limited because they are settled over the short term. Long-term borrowings are used primarily to finance capital investment, and fixed rates are used mainly to limit the risk of fluctuations in interest payments.」
短期借入金の金利変動リスクは限定的とし、長期借入金では主に固定金利を採用する方針を継続している。 - FY2022RestatedAnnual report
「Short-term borrowings are used to finance operating transactions and are exposed to interest rate risk because they carry variable rates, but the risk is limited because they are settled over the short term. Long-term borrowings are used primarily to finance capital investment, and fixed rates are used mainly to limit the risk of fluctuations in interest payments.」
短期借入金の金利変動リスクは限定的とし、長期借入金では主に固定金利を採用する方針を継続している。 - FY2021First statedAnnual report
「Short-term borrowings are used to finance operating transactions and are exposed to interest rate risk because they carry variable rates, but the risk is limited because they are settled over the short term. Long-term borrowings are used primarily to finance capital investment, and fixed rates are used mainly to limit the risk of fluctuations in interest payments.」
The company regards interest rate risk on short-term borrowings as limited because of their short maturities and mainly uses fixed rates for long-term borrowings to mitigate interest rate risk.