Higher financial costs due to rising borrowing rates
First written in FY2019. 1 of 3 entries say "Mitigated", first in FY2021. Latest entry: FY2023.
The whole theme swung hardest in 2025: 34 of 95 companies on the "Worse" side.
- FY2023RestatedAnnual report
「The Group borrows from financial institutions to meet funding needs associated with its operating and investment activities. Although it seeks to reduce risk by diversifying its funding sources and appropriately staggering maturities, if borrowing rates rise, financial costs may increase and affect the Group's financial position and operating results.」
The company continues to mitigate the risk of rising borrowing rates by diversifying funding sources and staggering funding maturities. - FY2021MitigatedAnnual report
「The Group borrows from financial institutions to meet funding needs associated with its operating and investment activities. Although it seeks to reduce risk by diversifying its funding sources and appropriately staggering maturities, if borrowing rates rise, financial costs may increase and affect the Group's financial position and operating results.」
The company has explicitly stated measures to mitigate the risk of rising borrowing rates by diversifying funding sources and staggering funding maturities. - FY2019First statedAnnual report
「The Group has funding needs associated with its investment and operating activities. If borrowing rates rise in the future, financial costs may increase and affect the Group's financial position and operating results.」
The company has for the first time explicitly identified higher financial costs due to rising borrowing rates as an independent financial risk.