Interest Rate Risk on Floating-Rate Borrowings
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 13 of 63 companies on the "Worse" side.
96 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If interest rates increase or decrease by 1%, the impact on profit before tax in the consolidated statement of comprehensive income will be a decrease of ¥35 million or an increase of ¥35 million, respectively.」
The company continues to disclose the interest rate sensitivity of variable-rate borrowings, with the impact on profit before tax for a 1% change at ¥35 million. - FY2022RestatedAnnual report
「If interest rates increase or decrease by 1%, the impact on profit before tax will be a decrease of ¥41 million or an increase of ¥41 million, respectively.」
The company continues to disclose the interest rate sensitivity of variable-rate borrowings, with the impact on profit before tax for a 1% change set at ¥41 million. - FY2018RestatedAnnual report
「Some borrowings carry variable interest rates and are exposed to interest rate risk. To avoid this risk and fix interest payments, the company uses derivatives, specifically interest rate swaps, as hedging instruments.」
The company continues to fix rates on variable-rate borrowings using interest rate swaps and discloses an impact on profit before tax of ¥44 million for a 1% change in interest rates. - FY2017First statedAnnual report
「Some borrowings carry variable interest rates and are exposed to interest rate risk. To avoid this risk and fix interest payments, the company uses derivatives, specifically interest rate swaps, as hedging instruments. If interest rates increase or decrease by 1%, the impact on profit before tax will be a decrease of ¥45 million or an increase of ¥45 million, respectively.」
The company disclosed interest rate risk on variable-rate borrowings and the use of interest rate swaps to fix rates, quantifying the impact on profit before tax at ¥45 million for a 1% change.