Risk of higher borrowing costs due to rising interest rates
First written in FY2019. 2 of 3 entries say "Worsened", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「If interest rates rise significantly due to changes in financial conditions, funding costs will increase.」
While continuing to identify the risk of higher funding costs from rising interest rates, the company borrowed a total of ¥8.4 billion for the construction of Building 4, increasing its exposure to interest-rate fluctuations. - FY2025-H1WorsenedAnnual report
「At the same time, sharp foreign-exchange fluctuations, rising market interest rates, persistently high energy prices, and worsening labor shortages continue to impede the economic recovery.」
Rising market interest rates were identified as part of the continuing external environment, indicating that financial conditions underlying the risk of higher borrowing costs are deteriorating. - FY2019First statedAnnual report
「The company is working to mitigate short-term interest-rate fluctuation risk by introducing some fixed-rate borrowings and other measures. However, if interest rates rise significantly as a result of changes in financial conditions, this could affect the operating results and financial position of the Group.」
The company identified the impact of higher interest rates on operating results and financial position as a new risk in connection with funding for capital expenditures and working capital through borrowings.