Impact of interest rate fluctuations on the value of financial assets and liabilities and business performance
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 3 of 6 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Because interest-bearing liabilities consist mainly of bonds and borrowings raised at fixed interest rates, interest rate risk does not have a material impact on the Group’s cash flows.」
The response to the risk of higher interest rates through bonds and borrowings, primarily at fixed rates, is ongoing. - FY2024RestatedAnnual report
「To address the risk of higher interest rates on interest expense, the Group seeks to reduce interest rate fluctuation risk by raising funds through low-interest, fixed-rate bonds and bank borrowings.」
The response to interest rate fluctuation risk through the use of low-interest, fixed-rate bonds and bank borrowings is ongoing. - FY2021MitigatedAnnual report
「To address the risk of higher interest rates on interest expense, the Group seeks to reduce interest rate fluctuation risk by raising funds through low-interest, fixed-rate bonds and bank borrowings.」
The stated response to interest rate fluctuation risk was the use of low-interest, fixed-rate bonds and bank borrowings. - FY2020First statedAnnual report
「Interest rate fluctuations on these assets and liabilities could affect interest income and interest expense, as well as the value of financial assets and financial liabilities, and could have a significant impact on the Group’s financial position and business performance.」
Interest rate fluctuation risk related to financial assets, such as bank deposits and government bonds, and liabilities, such as bank borrowings, bonds and lease liabilities, was described as a separate risk item for the first time.