Interest-rate risk on borrowings and hedging with interest-rate swaps
First written in FY2019. . Latest entry: FY2023.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
- FY2023Interest Swap Balance EliminatedAnnual report
「Consolidated fiscal year (31 March 2023) There are no applicable matters.」
The policy of hedging interest-rate risk remains in place, but there were no applicable interest rate swap transactions as of 31 March 2023. - FY2021Interest rate swap balance decreasedAnnual report
「Interest rate swap transaction: receive floating rate, pay fixed rate; long-term borrowings; ¥50 million」
The policy of hedging interest-rate fluctuation risk on borrowings with interest rate swaps remains in place, but the notional amount decreased from ¥90 million in the previous fiscal year to ¥50 million. - FY2020Lower Interest Rate Swap BalanceAnnual report
「These transactions are conducted to avoid exposure to future fluctuations in interest rates. We have undertaken them because we believe they will contribute to management stability, and our policy is not to engage in speculative transactions.」
The policy of hedging interest-rate fluctuation risk on borrowings with interest rate swaps remains in place. The notional amount decreased from ¥140 million to ¥90 million. - FY2019First statedAnnual report
「These transactions are conducted to avoid exposure to future fluctuations in interest rates. We have undertaken them because we believe they will contribute to management stability, and our policy is not to engage in speculative transactions.」
The company hedges the interest-rate fluctuation risk on borrowings using interest rate swaps and has stated for the first time that it does not engage in transactions for speculative purposes.