Komori
Riken Keiki (7734) · RiskRestated

Interest Rate Risk on Variable-Rate Borrowings and Its Mitigation Through Interest Rate Swaps

First written in FY2018. 10 of 11 entries say "Restated". Latest entry: FY2025.

11entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018 – FY20252018: 120182019: 120192020: 020202021: 320212022: 320222023: 220232024: 020242025: 12025
Same theme, other companies
Hedging Interest Rates on Long-Term Borrowings Through Interest-Rate SwapsA theme 212 companies write about · 116 as a headwind · 90 as a tailwind

The whole theme swung hardest in 2025: 13 of 67 companies on the "Worse" side.

104 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 197 companies compared. The sentences above are computed from all 197.Comparing 200 of the theme's 216 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2025RestatedAnnual report

    「Floating-rate borrowings are subject to interest rate risk, but we hedge this risk through interest-rate swap transactions.」

    The policy of hedging the interest rate risk associated with floating-rate borrowings using interest-rate swaps remains in place.
  2. FY2023RestatedAnnual report

    「Floating-rate borrowings are subject to interest rate risk, but we hedge this risk through interest-rate swap transactions.」

    The policy of hedging the interest rate risk associated with floating-rate borrowings using interest-rate swaps remains in place.
  3. FY2023-Q3RestatedAnnual report

    「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to existing risks, including the interest rate risk associated with floating-rate borrowings.
  4. FY2023-Q2RestatedAnnual report

    「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to existing risks, including the interest rate risk associated with floating-rate borrowings.
  5. FY2023-Q1RestatedAnnual report

    「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to existing risks, including the interest rate risk associated with floating-rate borrowings.
  6. FY2022-Q3RestatedAnnual report

    「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to existing risks, including the interest rate risk associated with floating-rate borrowings.
  7. FY2022-Q2RestatedAnnual report

    「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to existing risks, including the interest rate risk associated with floating-rate borrowings.
  8. FY2022-Q1RestatedAnnual report

    「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to existing risks, including the interest rate risk associated with floating-rate borrowings.
  9. FY2021RestatedAnnual report

    「Floating-rate borrowings are subject to interest rate risk, but we hedge this risk through interest-rate swap transactions.」

    The policy of hedging the interest rate risk associated with floating-rate borrowings using interest-rate swaps remains in place.
  10. FY2019RestatedAnnual report

    「Borrowings, corporate bonds and lease obligations relating to finance lease transactions are used primarily to finance capital investment. Variable-rate borrowings are exposed to interest rate fluctuation risk, which we hedge through interest rate swap transactions.」

    The policy of hedging the interest rate risk associated with floating-rate borrowings using interest-rate swaps remains in place.
  11. FY2018First statedAnnual report

    「Borrowings, corporate bonds and lease obligations relating to finance lease transactions are used primarily to finance capital investment. Variable-rate borrowings are exposed to interest rate fluctuation risk, which we hedge through interest rate swap transactions.」

    This is the first explicit reference to the interest rate risk associated with floating-rate borrowings and the use of interest-rate swaps to hedge that risk.
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When this could move next
Riken Keiki's next results are scheduled for 2026-11-12. Read the earnings preview
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