Increase in Funding Costs Due to Rising Interest Rates
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 34 of 95 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「Most of this funding consists of long-term financing at fixed interest rates, providing a degree of resilience to sharp increases in interest rates. However, higher costs during periods of long-term increases in interest rates may adversely affect our Group in terms of business performance and financial position.」
While continuing to disclose interest rate rise risks, the company explains that long-term fixed-rate financing provides a degree of resilience to sharp increases. - FY2018RestatedAnnual report
「Although we hedge the risk of higher interest rates on borrowings, over the long term, higher costs during periods of rising interest rates may adversely affect our company and Group in terms of business performance and financial position.」
While conducting risk hedging through interest rate swaps and other measures, the company continues to disclose the risk of higher costs resulting from long-term increases in interest rates. - FY2017First statedAnnual report
「Over the long term, higher costs during periods of rising interest rates may adversely affect our company and Group in terms of business performance and financial position.」
The company explicitly identifies increased costs during periods of rising interest rates as a new risk in connection with borrowings for capital investment, M&A and other purposes.