Interest Rate Fluctuation Risk on Borrowings and Hedging Through Interest Rate Swaps
First written in FY2021. 5 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 13 of 67 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「We use fixed interest rates to reduce the risk of fluctuations in interest payments on borrowings.」
Regarding the response to interest rate fluctuation risk on borrowings, the interest rate swap transactions described in the previous fiscal year no longer applied in the current fiscal year, and the use of fixed interest rates was explicitly stated. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes in its existing business and other risks, including interest rate fluctuation risk on borrowings and hedging with interest rate swaps. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the nine-month period of the third quarter of the current consolidated fiscal year. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes in its existing business and other risks, including interest rate fluctuation risk on borrowings and hedging with interest rate swaps. - FY2023-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes in its existing business and other risks, including interest rate fluctuation risk on borrowings and hedging with interest rate swaps. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the nine-month period of the third quarter of the current consolidated fiscal year. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business and other risks, including interest rate fluctuation risk on borrowings and hedging with interest rate swaps. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business and other risks, including interest rate fluctuation risk on borrowings and hedging with interest rate swaps. - FY2021First statedAnnual report
「The company hedges the interest rate fluctuation risk on some long-term borrowings using interest rate swaps.」
At the end of the fiscal year, the company recorded long-term borrowings of ¥1,800 million, of which ¥800 million was hedged against interest rate fluctuation risk using interest rate swaps.