Risk of Fluctuations in Borrowing Interest Rates and Financial Market Conditions
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
- FY2022RestatedAnnual report
「Although measures have been taken to mitigate interest-rate risk by obtaining some borrowings at fixed rates, sharp fluctuations in financial-market conditions and economic trends may have a material impact on our group’s financial position and performance.」
It reaffirmed the interest-rate risk on borrowings and mitigation measures using fixed rates. - FY2021RestatedAnnual report
「Although measures have been taken to mitigate interest-rate risk by obtaining some borrowings at fixed rates, sharp fluctuations in financial-market conditions and economic trends may have a material impact on our group’s financial position and performance.」
It reaffirms the interest-rate risk on borrowings and mitigation measures using fixed rates. - FY2020RestatedAnnual report
「Although measures have been taken to mitigate interest-rate risk by obtaining some borrowings at fixed rates, sharp fluctuations in financial-market conditions and economic trends may have a material impact on our group’s financial position and performance.」
It reiterates financing through borrowings and measures to mitigate interest-rate risk through fixed-rate financing. - FY2019First statedAnnual report
「Our group finances working capital and capital expenditures through borrowings from financial institutions. Although measures have been taken to mitigate interest-rate risk by obtaining some borrowings at fixed rates, sharp fluctuations in financial-market conditions and economic trends may have a material impact on our group’s financial position and performance.」
It describes financing working capital and capital expenditures through borrowings and mitigating interest-rate risk through fixed-rate financing.