Mitigating Interest Rate Fluctuation Risk on Long-Term Borrowings Using Interest Rate Swaps
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
- FY2021Interest rate swap transactions no longer in placeAnnual report
「Current consolidated fiscal year (31 March 2021) There are no applicable matters」
For the interest rate swaps, for which a contract amount of ¥300.000 million was reported in the previous fiscal year, there were no applicable transactions subject to hedge accounting in the current fiscal year. Meanwhile, the financial instruments policy continues to state that interest rate fluctuation risk is hedged using interest rate swaps. - FY2020Reduction in interest rate swap notional amountAnnual report
「Interest rate swap transaction Pay fixed, receive floating Long-term borrowings 300,000 250,000」
The contract amount of interest rate swaps hedging interest rate fluctuation risk on long-term borrowings decreased from ¥3,237.500 million in the previous fiscal year to ¥300.000 million. The change in the scale of the hedges accompanying loan repayments is described. - FY2019RestatedAnnual report
「The company enters into interest rate swap transactions for each individual contract to mitigate interest rate fluctuation risk on long-term borrowings.」
Interest rate swap transactions continue to hedge interest rate fluctuation risk on long-term borrowings. The contract amount and other details of the interest rate swaps are stated as ¥3,237.500 million. - FY2018RestatedAnnual report
「The company enters into interest rate swap transactions for each individual contract to mitigate interest rate fluctuation risk on long-term borrowings.」
Interest rate swap transactions continue to be used to hedge interest rate fluctuation risk on long-term borrowings. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is summarized that there have been no material changes regarding the mitigation of interest rate fluctuation risk on long-term borrowings through interest rate swaps. - FY2017First statedAnnual report
「The company enters into interest rate swap transactions for each individual contract to mitigate interest rate fluctuation risk on long-term borrowings.」
Interest rate swap transactions for each individual contract were identified for the first time as a specific hedging instrument against interest rate fluctuation risk on long-term borrowings.