Increase in Interest Burden and Financing Costs Due to Rising Interest Rates
First written in FY2016. 4 of 10 entries say "Mitigated", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
39 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Among liabilities, borrowings decreased by ¥4.2 billion from ¥98.2 billion at the end of the previous fiscal year to ¥94.0 billion. Interest expense decreased from ¥2,289 million to ¥1,960 million.」
Both borrowings and interest expense decreased, easing exposure to higher interest rates and funding costs compared with the previous fiscal year. - FY2026-H1Borrowings increased while interest expense decreasedAnnual report
「Borrowings increased by ¥1.0 billion from ¥98.2 billion at the end of the previous consolidated fiscal year to ¥99.2 billion. Interest expense 1,109 937」
Borrowings increased by ¥1.0 billion during the first half, while interest expense decreased from ¥1.109 billion in the same interim period of the previous year to ¥937 million. - FY2025-H1MitigatedAnnual report
「Among liabilities, borrowings decreased by ¥6.4 billion from ¥110.0 billion at the end of the previous consolidated fiscal year to ¥103.6 billion.」
The balance of borrowings decreased by ¥6.4 billion from the end of the previous consolidated fiscal year. Interest expense increased year on year, but the balance of liabilities decreased. - FY2024MitigatedAnnual report
「The current total balance of the OKI Group's long-term and short-term borrowings is ¥110.0 billion, and its debt-to-equity ratio is 0.8 times. Interest expense for the current consolidated fiscal year was ¥2.3 billion.」
Borrowings were ¥110.0 billion, the debt-to-equity ratio was 0.8 times and interest expense was ¥2.3 billion. Borrowings decreased from ¥118.0 billion at the end of the previous year, and the impact of higher interest rates was described as extremely limited due to measures including interest rate swaps. - FY2024-Q3WorsenedAnnual report
「Interest expense 1,334 1,672」
Interest expense for the first nine months increased from ¥1,334 million in the same period of the previous year to ¥1,672 million. The balance of borrowings also increased to ¥126.2 billion, and the impact of interest expense and funding costs increased. - FY2024-Q2WorsenedAnnual report
「Interest expense 842 1,076」
Interest expense increased from ¥842 million in the same period of the previous year to ¥1,076 million. The balance of borrowings also increased to ¥124.4 billion, indicating a greater numerical impact from interest expense and funding costs. - FY2024-Q1WorsenedAnnual report
「Ordinary loss was ¥300 million, an improvement of ¥2.8 billion year on year, due mainly to higher interest expense.」
Higher interest expense was identified as a factor contributing to ordinary loss. Quarterly interest expense increased from ¥397 million in the same quarter of the previous year to ¥506 million. - FY2021MitigatedAnnual report
「The current total balance of the OKI Group's long-term and short-term borrowings is ¥78.0 billion, and its debt-to-equity ratio is 0.7 times. Interest expense for the current consolidated fiscal year was ¥1.4 billion. ... Accordingly, the OKI Group considers the impact of higher interest rates to be extremely limited.」
Borrowings of ¥78.0 billion, a debt-to-equity ratio of 0.7 times and interest expense of ¥1.4 billion were disclosed, along with an explanation that the impact of higher interest rates was extremely limited due to measures including interest rate swaps. - FY2017RestatedAnnual report
「The OKI Group has taken various measures, including entering into interest rate swap transactions, to mitigate this impact, but higher interest rates may increase interest expense and adversely affect the procurement of working capital through higher future funding costs.」
The risk of higher interest rates and the hedging policy using interest rate swaps continued to be disclosed. - FY2016First statedAnnual report
「Some of the OKI Group's interest-bearing debt is subject to the impact of interest rate fluctuations. The OKI Group has taken various measures, including entering into interest rate swap transactions, to mitigate this impact, but higher interest rates may increase interest expense and adversely affect the procurement of working capital through higher future funding costs.」
The risk of higher interest rates was disclosed based on interest-bearing debt and interest rate swaps.