Counterparty Credit, Securities Price and Interest Rate Risks
First written in FY2021. 8 of 12 entries say "Restated". Latest entry: 2026-08-07.
Leoclan moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 7 of 17 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- 2026-08-07MaterialisedEarnings presentation
「Non-operating income and expenses: −¥100 million ・Higher interest expense due to an increase in borrowings」
Higher interest expense resulting from increased borrowings associated with the acquisition of the ファスキア Group was cited as a factor behind the decline in full-year ordinary income. - FY2026-H1WorsenedAnnual report
「Our Group obtained substantial borrowings from financial institutions to fund M&A. If market interest rates rise significantly, the resulting increase in interest expenses could affect our business performance.」
Substantial borrowings were incurred in connection with the acquisition of the Faskia Group, giving rise to a specific risk of higher interest expenses if market interest rates rise. - FY2025RestatedAnnual report
「Notes and accounts receivable, which are operating receivables, are exposed to customers' credit risk. Investment securities primarily comprise investment trusts and shares of business partners with whom the Group has business relationships, and are exposed to the risk of fluctuations in market prices.」
Customer credit risk and market price fluctuation risk on investment securities continue to be disclosed, along with management methods including credit control, monitoring of fair values and cash flow planning. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new occurrences of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies among the matters concerning business conditions and financial matters described in this interim report, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in counterparty credit, securities price or interest rate risk. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in counterparty credit, securities price or interest rate risk. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in counterparty credit, securities price or interest rate risk. - FY2023SoftenedAnnual report
「Notes and accounts receivable, which are operating receivables, are exposed to customers' credit risk. Investment securities primarily comprise investment trusts and shares of business partners with whom the Group has business relationships, and are exposed to the risk of fluctuations in market prices.」
Customer credit risk and market price fluctuation risk on investment securities continue to be disclosed, but the interest rate fluctuation risk on variable-rate borrowings, which had previously been stated explicitly, is not disclosed in the financial instruments notes in this filing. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in counterparty credit, securities price or interest rate risk. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in counterparty credit, securities price or interest rate risk. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in counterparty credit, securities price or interest rate risk. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in counterparty credit, securities price or interest rate risk. - FY2021First statedAnnual report
「Notes and accounts receivable, which are operating receivables, are exposed to customers' credit risk. Investment securities primarily comprise investment trusts and shares of business partners with whom the Group has business relationships, and are exposed to the risk of fluctuations in market prices. ... Long-term borrowings at variable interest rates are exposed to the risk of interest rate fluctuations.」
The disclosure covers customer credit risk on operating receivables, market price fluctuation risk on investment securities, and interest rate fluctuation risk on variable-rate borrowings, and describes management methods including credit control, monitoring of fair values and cash flow planning.