Interest Rate Risk Associated with Variable-Rate Borrowings and Interest Rate Swaps
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
93 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Some carry variable interest rates and are therefore exposed to interest-rate risk, which the Group hedges using derivatives, including interest-rate swaps.」
The policy of hedging interest rate fluctuation risk arising from floating-rate borrowings with interest rate swaps continues. - FY2025RestatedAnnual report
「Some carry variable interest rates and are therefore exposed to interest-rate risk, which the Group hedges using derivatives, including interest-rate swaps.」
The policy of hedging interest rate fluctuation risk arising from floating-rate borrowings with interest rate swaps continues. - FY2022First statedAnnual report
「Borrowings and lease liabilities related to finance lease transactions are used mainly to fund capital expenditures, and mature no later than 5 years after the balance sheet date. Some of these borrowings carry floating interest rates and are exposed to interest rate fluctuation risk, which is hedged using derivative transactions, specifically interest rate swaps.」
The policy of recognizing interest rate fluctuation risk on floating-rate borrowings for capital expenditures and other purposes and hedging it with interest rate swaps is tracked for the first time.