Interest Rate Risk on Borrowings and Hedging with Interest Rate Swaps
First written in FY2018. 6 of 7 entries say "Mitigated", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2025: 11 of 65 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Forward foreign exchange transactions; long position; US dollars; foreign-currency-denominated liabilities (forecast foreign-currency-denominated transactions): 224,730; 44,946; 239,850」
In addition to interest rate swaps, the company continued to use forward foreign exchange contracts for foreign-currency-denominated purchases. The disclosed notional amount, etc. of the forward contracts was ¥224.730 million, and their fair value was ¥239.850 million. - FY2023MitigatedAnnual report
「Interest rate swap transactions; fixed payments and variable receipts; long-term borrowings: ¥160 million」
The use of interest rate swaps to hedge interest rate fluctuation risk on long-term borrowings continued. The notional amount declined from ¥240 million in the previous fiscal year to ¥160 million. - FY2022MitigatedAnnual report
「Interest rate swap transactions; fixed payments and variable receipts; long-term borrowings: ¥240 million」
The notional amount of interest rate swap transactions hedging interest rate fluctuation risk on long-term borrowings increased from ¥167.5 million in the previous fiscal year to ¥240 million, and the use of hedges continued. - FY2021MitigatedAnnual report
「Interest rate swap transactions; fixed payments and variable receipts; long-term borrowings; notional amount, etc.: ¥167.5 million」
Hedging using interest rate swaps against interest rate fluctuation risk on long-term borrowings continued, and the notional amount declined from ¥257.5 million in the previous fiscal year to ¥167.5 million. - FY2020MitigatedAnnual report
「Interest rate swap transactions; fixed payments and variable receipts; long-term borrowings; notional amount, etc.: ¥257.5 million」
Hedging using interest rate swaps against interest rate fluctuation risk on long-term borrowings continued, and the notional amount declined from ¥270 million in the previous fiscal year to ¥257.5 million. - FY2019MitigatedAnnual report
「Special accounting treatment for interest rate swaps; interest rate swap transactions; fixed payments and variable receipts; long-term borrowings; notional amount, etc.: ¥270 million」
Hedging using interest rate swaps against interest rate fluctuation risk continued. The notional amount of the interest rate swaps declined from ¥315 million in the previous consolidated fiscal year to ¥270 million. - FY2018First statedAnnual report
「Borrowings, bonds and finance lease liabilities are primarily used to finance working capital and capital expenditures. Some of these liabilities are exposed to interest rate fluctuation risk, which is hedged using derivative transactions, specifically interest rate swaps.」
It was disclosed for the first time that some borrowings and other liabilities are exposed to interest rate fluctuation risk and that interest rate swaps are used as a countermeasure.