Risks of Higher Interest Rates and Financial Market Volatility
First written in FY2016. 7 of 13 entries say "Restated". Latest entry: 2026-05-15.
Nippi moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 13 of 67 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- 2026-05-15WorsenedResults
「中東情勢の緊迫化による原材料・エネルギー価格の高騰、為替の変動や金利の上昇などのリスクが高まり、依然として先行き不透明な状況が続くものと予想されます。」
金利上昇が次期の先行き不透明要因として、原材料・エネルギー価格及び為替変動と並んで明示された。 - FY2025WorsenedAnnual report
「The outlook for domestic and overseas economies remains uncertain due to prolonged geopolitical risks, significant volatility in financial and capital markets, persistent inflationary pressures and worsening labor shortages.」
Significant volatility in financial and capital markets was identified, alongside geopolitical risks, inflation and labor shortages, as a factor contributing to an uncertain outlook. - FY2024-Q3RestatedAnnual report
「Although overseas economies, led by the United States, had been a concern because of sharp rises in interest rates, they are showing firm, albeit mixed, performance.」
While recognizing concerns about the effects of rising interest rates on overseas economies, it was explained that overseas economies, led by the United States, remain firm despite mixed conditions. - FY2024-Q2RestatedAnnual report
「There are also concerns that rising interest rates in major countries will stagnate the global economy and lead to a downturn in the Japanese economy through a decline in exports.」
The risk that rising interest rates in major countries will weigh on the domestic economy through the global economy and exports continues to be recognized. - FY2024-Q1WorsenedAnnual report
「There are also negative factors, such as supply constraints caused by a slowdown in the global economy due to rising interest rates and labor shortages, raising concerns that the pace of the economic recovery could slow significantly.」
The risk that rising interest rates will weigh on the economic recovery through a slowdown in the global economy was identified alongside supply constraints and labor shortages. - FY2023-Q3WorsenedAnnual report
「Many factors continue to weigh on the domestic economic recovery, including the impact of changes in interest rate policy on financial markets such as foreign exchange markets and production constraints caused by shortages of semiconductors and components.」
The risk that changes in interest rate policy will affect financial markets such as foreign exchange markets continues to be highlighted, and factors weighing on the economy through financial market volatility are becoming more pronounced. - FY2023-Q1WorsenedAnnual report
「There are concerns that interest rate increases resulting from monetary policy tightening in various countries against a backdrop of global inflation will slow the pace of the global economic recovery and, in turn, affect the domestic economy.」
Rising interest rates due to global inflation and monetary tightening in various countries have emerged as a risk of affecting the domestic economy through the global economy. - FY2021RestatedAnnual report
「In light of the continuing low-interest-rate environment, the Group mainly raises funds at fixed rates. It hedges borrowings at variable rates with interest rate swaps and other instruments, reducing the risk of rising interest rates to a certain extent.」
The policy of containing interest rate risk to a certain extent through fixed-rate funding and interest rate swaps remains in place. - FY2020RestatedAnnual report
「In light of the continuing low-interest-rate environment, the Group mainly raises funds at fixed rates. It hedges borrowings at variable rates with interest rate swaps and other instruments, reducing the risk of rising interest rates to a certain extent.」
The policy of reducing interest rate risk to a certain extent through fixed-rate funding and hedging with interest rate swaps remains in place. - FY2019RestatedAnnual report
「The Group hedges interest rate risk with interest rate swaps and other instruments, reducing the impact of rising interest rates to a certain extent. However, a sharp rise in interest rates could affect its operating results and financial position.」
The Group continues to recognize the potential impact of a sharp rise in interest rates while hedging interest rate risk to a certain extent with interest rate swaps and other instruments. - FY2018RestatedAnnual report
「The Group hedges interest rate risk with interest rate swaps and other instruments, reducing it to a certain extent, while a sharp rise in interest rates could affect its operating results and financial position.」
The Group continues to recognize the potential impact of a sharp rise in interest rates while hedging a certain proportion of the risk with interest rate swaps and other instruments. - FY2017RestatedAnnual report
「The Group hedges interest rate risk with interest rate swaps and other instruments when raising funds, reducing it to a certain extent. However, a sharp rise in interest rates could affect its operating results and financial position.」
The explanation that a certain proportion of interest rate risk is hedged with interest rate swaps and other instruments, while the effects of a sharp rise in interest rates remain, was reiterated. - FY2016First statedAnnual report
「The Group hedges interest rate risk with interest rate swaps and other instruments when raising funds, reducing it to a certain extent. However, a sharp rise in interest rates could affect its operating results and financial position.」
Interest rate risk on borrowings and bonds is managed with interest rate swaps and other instruments, but the effects of a sharp rise in interest rates are expected to remain.