Risk of Rising Interest Rates on Interest-Bearing Debt
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: 2026-10-29.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
- 2026-10-29RestatedEarnings
「金利上昇による有利子負債の支払利息増加により、金融収支が悪化するリスク」
金利上昇による支払利息・金融収支への影響を引き続きリスク要因として記載している。 - FY2026WorsenedAnnual report
「Since the Bank of Japan ended its negative interest rate policy, interest rates have entered an upward phase and are expected to continue rising over the medium to long term. Higher interest payments on the Group's interest-bearing debt may consequently worsen its net finance income and costs.」
The description of interest-rate risk changed from a general possibility to the recognition that rates entered an upward phase after the end of negative interest rates and are expected to rise over the medium to long term. Interest-bearing debt totaled ¥10,551 million. - FY2024WorsenedAnnual report
「Interest rates are expected to rise in the future, and higher interest payments on the Group's interest-bearing debt may worsen its net finance income and costs.」
The disclosure changed from a general possibility of higher interest rates to an expectation that rates will rise in the future, while the impact on interest payments and net finance income and costs continues to be identified as a risk. - FY2021MitigatedAnnual report
「In response to the transfer of the shipbuilding business, which reduced net assets to approximately 40% of their previous level and stabilized cash management, the Company reduced borrowings and other debt from financial institutions to approximately 40% of their previous level. As a result, interest-rate risk has been substantially reduced.」
The transfer of the shipbuilding business and reduction of borrowings and other debt to approximately 40% of previous levels substantially reduced interest-rate risk. - FY2017RestatedAnnual report
「If interest rates rise in the future, interest payments on the Group's interest-bearing debt will increase, potentially worsening its net finance income and costs.」
The Company continues to disclose the risk of higher interest rates affecting interest-bearing debt. - FY2016First statedAnnual report
「If interest rates rise in the future, interest payments on the Group's interest-bearing debt will increase, potentially worsening its net finance income and costs.」
The disclosure identifies the possibility that higher interest rates could worsen net finance income and costs relating to financing centered on borrowings.