Deterioration in financial income and expenses and financial position due to interest rate fluctuations
First written in FY2019. 1 of 3 entries say "Mitigated", first in FY2021. Latest entry: FY2023.
The whole theme swung hardest in 2019: 1 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「On the other hand, appropriate portfolio management of long-term financial assets and interest-bearing debt can reduce interest expense, increase interest income and lead to the expansion of financial assets.」
Reaffirming the response policy of managing the portfolio of interest-bearing debt and other items while indicating the impact of interest rate fluctuations on financial gains and losses and financial condition. - FY2021MitigatedAnnual report
「The Company uses interest rate swap transactions to mitigate the risk of fluctuations in interest payments on borrowings and bonds.」
We continue to hedge against interest rate fluctuation risk using interest rate swaps. - FY2019First statedAnnual report
「We hold interest-bearing debt and financial receivables, and changes in their interest rates affect interest expense, interest income and the value of financial assets and liabilities, potentially worsening our operating results and financial condition.」
Newly disclosing the risk that interest rate fluctuations relating to interest-bearing debt and financial receivables may affect operating results and financial condition through interest expense and the value of financial assets and liabilities.