Interest-Rate Risk from Floating-Rate Borrowings and Hedging with Interest-Rate Swaps
First written in FY2018. 4 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
- FY2026The maximum maturity of borrowings and lease liabilities is stated as 7 years.Annual report
「Borrowings and lease liabilities related to finance leases are primarily used to finance capital expenditures, with maturity dates falling no later than 7 years after the balance sheet date.」
The maximum maturity of borrowings and lease liabilities related to capital expenditure financing is stated as 7 years. - FY2025-H1RestatedAnnual report
「Not applicable.」
No derivative transactions were reported at the end of the current interim consolidated accounting period, continuing the absence of interest rate swap transactions at the end of the previous fiscal year. - FY2024No interest rate swap transactions at period-endAnnual report
「For the consolidated fiscal year ended 31 March 2024, there were no applicable items.」
An interest rate swap notional amount of ¥41.632 million for variable-rate borrowings was disclosed at the end of the previous fiscal year, but there were no transactions to which hedge accounting applied at the end of the current fiscal year. - FY2024-Q2RestatedAnnual report
「The contract amounts and other details of derivative transactions at the end of the quarterly consolidated accounting period did not change significantly from the end of the previous consolidated fiscal year.」
The disclosure states that there were no material changes from the end of the previous consolidated fiscal year in hedges, including interest rate swaps, for variable-rate borrowings. - FY2023The interest rate swap notional amount decreased further.Annual report
「Interest rate swaps Long-term borrowings ¥41.632 million —」
The notional amount of interest rate swaps used to hedge variable-rate borrowings decreased from ¥168.272 million in the previous fiscal year to ¥41.632 million, and there were no contracts with maturities exceeding 1 year. - FY2023-Q2RestatedAnnual report
「The contract amounts and other details of derivative transactions at the end of the quarterly consolidated accounting period did not change significantly from the end of the previous consolidated fiscal year.」
The disclosure states that there were no material changes from the end of the previous consolidated fiscal year in hedges, including interest rate swaps, for variable-rate borrowings. - FY2022The interest rate swap notional amount decreased further.Annual report
「Interest rate swaps Long-term borrowings ¥168.272 million ¥41.632 million」
The notional amount of interest rate swaps used to hedge variable-rate borrowings decreased from ¥323.288 million in the previous fiscal year to ¥168.272 million. - FY2021The interest rate swap notional amount decreased further.Annual report
「Interest rate swaps Long-term borrowings ¥323.288 million ¥168.272 million」
The interest rate swap notional amount disclosed as a hedge of variable-rate borrowings decreased from ¥578.304 million in the previous fiscal year to ¥323.288 million. - FY2020Interest rate swap contract amount decreasedAnnual report
「Interest rate swaps Long-term borrowings ¥578.304 million ¥323.288 million」
The interest rate swap notional amount disclosed as a hedge of variable-rate borrowings decreased from ¥939.952 million in the previous fiscal year to ¥578.304 million. - FY2019RestatedAnnual report
「Some of these liabilities carry variable interest rates and are therefore exposed to interest rate risk, which is hedged using derivatives, specifically interest rate swaps.」
The risk associated with variable-rate borrowings and hedging with interest rate swaps continues. The interest rate swap notional amount is stated as ¥939.952 million. - FY2018First statedAnnual report
「Borrowings and lease liabilities related to finance leases are primarily used to finance capital expenditures, with maturity dates falling no later than 5 years after the balance sheet date. Some of these liabilities carry variable interest rates and are therefore exposed to interest rate risk, which is hedged using derivatives, specifically interest rate swaps.」
For borrowings used to finance capital expenditures, the disclosure specifically identifies interest rate risk from variable rates and hedging through interest rate swaps for the first time.