Interest Rate Fluctuation Risk Associated with Interest-Bearing Debt
First written in FY2016. 4 of 12 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
- FY2026Maximum repayment period stated as 10 yearsAnnual report
「Borrowings are primarily used to obtain refinancing funds and long-term working capital, and their repayment dates are no later than 10 years after the fiscal year-end. Some of these borrowings bear variable interest rates and are therefore exposed to interest rate fluctuation risk, which is hedged using derivatives, including interest rate swaps.」
The company continues to hedge interest rate fluctuation risk with interest rate swaps, while the maximum repayment period has changed from 11 years as stated for the previous fiscal year to 10 years. - FY2025Maximum repayment period stated as 11 yearsAnnual report
「Borrowings are primarily used to obtain refinancing funds and long-term working capital, and their repayment dates are no later than 11 years after the fiscal year-end.」
The company continues to hedge interest rate fluctuation risk with interest rate swaps, while the maximum repayment period has changed from 13 years as stated for the previous fiscal year to 11 years. - FY2023Maximum repayment period stated as 13 yearsAnnual report
「Borrowings are primarily used to obtain refinancing funds and long-term working capital, and their repayment dates are no later than 13 years after the fiscal year-end. Some of these borrowings bear variable interest rates and are therefore exposed to interest rate fluctuation risk, which is hedged using derivatives, including interest rate swaps.」
The company continues to hedge interest rate fluctuation risk with interest rate swaps, while the maximum repayment period has changed from 14 years as stated for the previous fiscal year to 13 years. - FY2022Longer maximum repayment period for borrowings disclosedAnnual report
「Borrowings are primarily used to obtain refinancing funds and long-term working capital, and their repayment dates are no later than 14 years after the fiscal year-end. Some of these borrowings bear variable interest rates and are therefore exposed to interest rate fluctuation risk, which is hedged using derivatives, including interest rate swaps.」
The company continues to hedge interest rate fluctuation risk with interest rate swaps, and disclosed that the maximum repayment period for borrowings is 14 years. - FY2021RestatedAnnual report
「Borrowings and bonds are primarily used to obtain refinancing funds and long-term working capital, and their repayment dates are no later than 5 years after the fiscal year-end. Some of these obligations bear variable interest rates and are therefore exposed to interest rate fluctuation risk, which is hedged using derivatives, including interest rate swaps.」
The interest rate fluctuation risk associated with interest-bearing debt and the policy of hedging it with interest rate swaps continue. - FY2020RestatedAnnual report
「Borrowings and bonds are primarily used to obtain refinancing funds and long-term working capital, and their repayment dates are no later than 5 years after the fiscal year-end. Some of these obligations bear variable interest rates and are therefore exposed to interest rate fluctuation risk, which is hedged using derivatives, including interest rate swaps.」
The interest rate fluctuation risk associated with interest-bearing debt and the policy of hedging it with interest rate swaps continue. - FY2018MitigatedAnnual report
「reducing interest expense by applying proceeds from the business transfer to the early repayment of the syndicated loan」
As proceeds from the business transfer and other sources were applied to the repayment of borrowings, cash outflows of ¥1.219 billion for the repayment of long-term borrowings were recorded, and interest expense decreased from ¥35 million in the previous fiscal year to ¥12 million. - FY2018-Q3MitigatedAnnual report
「reducing interest expense by applying proceeds from the business transfer to the early repayment of the syndicated loan」
Interest expense continues to decline as proceeds from the business transfer are applied to the repayment of borrowings, indicating a reduction in the interest burden associated with interest-bearing debt. - FY2018-Q2MitigatedAnnual report
「reducing interest expense by applying proceeds from the business transfer to the early repayment of the syndicated loan」
Interest expense decreased as a result of applying proceeds from the business transfer to the repayment of borrowings. Cash outflows of ¥1.127 billion for the repayment of long-term borrowings were recorded in financing activities. - FY2018-Q1MitigatedAnnual report
「reducing interest expense by applying proceeds from the business transfer to the early repayment of the syndicated loan」
Interest expense for the current quarter decreased from the same quarter of the previous year as a result of repaying borrowings with proceeds from the business transfer. - FY2017RestatedAnnual report
「Borrowings and bonds are primarily used to obtain refinancing funds and long-term working capital, and their repayment dates are no later than 5 years after the fiscal year-end. Some of these obligations bear variable interest rates and are therefore exposed to interest rate fluctuation risk, which is hedged using derivatives, including interest rate swaps.」
The interest rate fluctuation risk associated with interest-bearing debt and the policy of hedging it with interest rate swaps continue. - FY2016First statedAnnual report
「The Group raises funds through interest-bearing debt, including bank borrowings, and is affected by movements in interest rates and other financial markets.」
The Group hedges this risk using interest rate swaps and interest rate caps.