Managing Interest-Rate Risk on Long-Term Borrowings
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 2 of 9 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Interest rate risk on funds for the acquisition of shares in subsidiaries and other purposes is being avoided by using fixed interest rates.」
The policy of avoiding interest rate risk through the use of fixed interest rates for subsidiary acquisition financing and other purposes continues. - FY2021MitigatedAnnual report
「Repayment of the bank borrowings was completed in March of that year.」
Repayment of bank borrowings related to the introduction of the ESOP was completed in March 2021, reducing the previously disclosed interest rate risk from variable-rate borrowings. - FY2020RestatedAnnual report
「Interest rate risk on funds for the acquisition of shares in subsidiaries and other purposes is being avoided by using fixed interest rates, while borrowings related to the introduction of the Employee Stock Ownership Plan Trust-Type ESOP and other borrowings are exposed to interest rate risk because they carry variable interest rates.」
The company continues to explain that fixed interest rates are used to manage subsidiary acquisition financing, while borrowings related to the introduction of the ESOP and other borrowings carry variable interest rates and are exposed to interest rate risk. - FY2019WorsenedAnnual report
「The long-term borrowings comprise funds raised from financial institutions for the acquisition of shares in subsidiaries and other purposes, as well as funds raised from financial institutions in connection with the introduction of the Employee Stock Ownership Plan Trust-Type ESOP. Interest rate risk on borrowings for the acquisition of shares in subsidiaries and other purposes is being avoided by using fixed interest rates, while borrowings related to the introduction of the Employee Stock Ownership Plan Trust-Type ESOP and other borrowings are exposed to interest rate risk because they carry variable interest rates.」
While fixed interest rates are used to mitigate risk on funds for subsidiary acquisitions, borrowings related to the introduction of the ESOP and other borrowings carry variable interest rates, newly highlighting exposure to interest rate risk. - FY2018First statedAnnual report
「The long-term borrowings comprise borrowings from financial institutions used to acquire shares and other purposes. Interest rate risk is being avoided by using fixed interest rates.」
The company explains that interest rate risk on long-term borrowings related to the acquisition of shares in subsidiaries is being avoided by using fixed interest rates.