Market Risk from Fluctuations in Interest Rates, Securities Prices and Pension Assets
First written in FY2017. 1 of 8 entries say "Worsened", first in FY2026. Latest entry: FY2026.
Amada moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 14 of 25 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「A 1.0% rise in interest rates would reduce profit before tax by ¥808 million.」
As borrowings to fund acquisitions increased, sensitivity of profit before tax to a 1% rise in interest rates increased from a ¥109 million reduction in the previous period to a ¥808 million reduction. - FY2024Update to sensitivity to market price fluctuationsAnnual report
「The effects on profit before tax and other comprehensive income (before tax effects) of a 10% decline in share and investment trust prices at the fiscal year-end are as follows.」
It updates the effects of a 10% decline to a ¥474 million reduction in profit before tax and a ¥1,094 million reduction in other comprehensive income. - FY2023Update to sensitivity to market price fluctuationsAnnual report
「The effects on profit before tax and other comprehensive income (before tax effects) of a 10% decline in share and investment trust prices at the fiscal year-end are as follows.」
It updates the effects of a 10% decline to a ¥952 million reduction in profit before tax and a ¥1,088 million reduction in other comprehensive income. - FY2022Update to sensitivity to market price fluctuationsAnnual report
「The effects on profit before tax and other comprehensive income (before tax effects) of a 10% decline in share and investment trust prices at the fiscal year-end are as follows.」
It updates the effects of a 10% decline to a ¥1,919 million reduction in profit before tax and a ¥1,776 million reduction in other comprehensive income. - FY2021Update to sensitivity to market price fluctuationsAnnual report
「Based on the shares and investment trusts held by the Group at the end of the previous consolidated fiscal year and the end of the current consolidated fiscal year, and assuming that all other variables remain constant, the effects on profit before tax and other comprehensive income (before tax effects) of a 10% decline in share and investment trust prices at the fiscal year-end are as follows.」
It updates the effects of a 10% decline to a ¥1,894 million reduction in profit before tax and a ¥1,512 million reduction in other comprehensive income. - FY2020Update to sensitivity to market price fluctuationsAnnual report
「The effects on profit before tax and other comprehensive income (before tax effects) of a 10% decline in share and investment trust prices at the fiscal year-end are as follows.」
It updated the effects of a 10% decline to a ¥2,206 million reduction in profit before tax and a ¥1,243 million reduction in other comprehensive income. - FY2019Quantification of sensitivity to market price fluctuationsAnnual report
「The effects on profit before tax and other comprehensive income (before tax effects) of a 10% decline in market prices are as follows.」
It shows that a 10% decline in the market prices of shares, investment trusts and other instruments would reduce profit before tax by ¥2,498 million and other comprehensive income by ¥1,055 million. - FY2017First statedAnnual report
「A substantial rise in interest rates would increase interest expenses. Conversely, declines in interest rates and fluctuations in equity markets could lower the yields on securities held and change their fair values, while changes in the expected rate of return on pension assets could increase retirement benefit expenses and obligations.」
It identifies fluctuations in interest rates, equity markets, securities yields and fair values, and the expected rate of return on pension assets as financial risks.