Hedging Borrowing Rate Risk Through Interest Rate Swaps
First written in FY2020. 1 of 4 entries say "Dropped", first in FY2021. Latest entry: FY2025.
The whole theme swung hardest in 2025: 11 of 65 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For interest-rate swaps that meet the requirements for exceptional treatment, the net amount of cash receipts and payments and other amounts related to the interest-rate swaps are added to or deducted from the interest on the hedged borrowings.」
The accounting policies describe the method of addressing the risk of fluctuations in borrowing rates through interest-rate swaps. Meanwhile, it is stated that there were no transactions subject to hedge accounting. - FY2024Interest-rate swaps described in accounting policies; no transaction disclosureAnnual report
「For interest-rate swaps that meet the requirements for exceptional treatment, the net amount of cash receipts and payments and other amounts related to the interest-rate swaps are added to or deducted from the interest on the hedged borrowings.」
The accounting policies describe the method of addressing the risk of fluctuations in borrowing rates through interest-rate swaps. Meanwhile, the notes on derivative transactions state that there were no transactions subject to hedge accounting. - FY2021DroppedAnnual report
「For the consolidated fiscal year ended 31 March 2021, there were no applicable matters.」
With respect to the interest-rate swaps described in the previous fiscal year, it was stated that there were no transactions subject to hedge accounting in the current consolidated fiscal year, and the description of hedging through interest-rate swaps has been removed. - FY2020First statedAnnual report
「We use interest-rate swaps to fix interest payments in response to interest-rate fluctuation risk on some long-term borrowings.」
Interest expense on borrowings is fixed through interest-rate swaps as a means of addressing the risk of fluctuations in borrowing rates.