Impact of Interest-Rate Fluctuations on Operating Performance
First written in FY2017. 4 of 9 entries say "Restated". Latest entry: 2026-10-30.
The whole theme swung hardest in 2025: 31 of 97 companies on the "Worse" side.
- 2026-10-30WorsenedEarnings
「国内における金利上昇」
国内金利上昇を経済環境の不透明要因として記載し、支払利息も前年同期の128,915千円から172,393千円へ増加している。 - FY2026WorsenedAnnual report
「Going forward, if significant interest rate fluctuations occur due to the impact of the Bank of Japan's monetary policy, higher interest rates could increase interest expense and affect the Company's operating results. The company is reviewing the total amount of interest-bearing debt and its long-term and short-term balance, while working to improve free cash flow.」
In addition to the previous disclosure of interest rate risk, the company explicitly describes the impact of higher interest rates and increased interest expense resulting from the Bank of Japan's monetary policy, and adds measures relating to the total amount and maturity structure of interest-bearing debt and free cash flow. - FY2025WorsenedAnnual report
「As interest rates enter a rising phase, the company will seek to reduce interest-bearing debt and build a sound financial base through measures including reviewing the balance between long-term and short-term interest-bearing debt, maintaining appropriate inventories through thorough order and inventory management, with the reduction of interest expense in mind.」
In addition to the previously disclosed risk of sharp interest rate fluctuations, the rising-rate environment and the reduction of interest expense have been explicitly identified as issues. - FY2023WorsenedAnnual report
「Amid the current trend of rising interest rates to curb global inflation, if the Bank of Japan's monetary easing stance changes and significant interest rate fluctuations occur, higher interest rates could increase interest expense and affect the Company's operating results.」
The disclosure has become more specific, moving from the previous explanation that Tibor fluctuations were limited to the risk of significant interest rate fluctuations resulting from global rate increases and a change in the Bank of Japan's monetary easing stance. - FY2021RestatedAnnual report
「The Group seeks to mitigate the interest rate risk on interest expense from its interest-bearing debt by combining variable-rate and fixed-rate borrowings. All of the Group's variable-rate borrowings are linked to Tibor. Tibor fluctuations have been limited in recent years, and the company believes that there will be no significant impact for the time being. However, sharp interest rate fluctuations could affect operating results.」
The measures to mitigate interest rate risk by combining variable-rate and fixed-rate borrowings, and the possibility of an impact from sharp interest rate fluctuations, continue to be disclosed. - FY2020RestatedAnnual report
「All of the Group's variable-rate borrowings are linked to Tibor. Tibor fluctuations have been limited in recent years, and the company believes that there will be no significant impact for the time being. However, sharp interest rate fluctuations could affect operating results.」
The policy of mitigating risk by combining variable-rate and fixed-rate borrowings, and the possibility of an impact from sharp interest rate fluctuations, continues to be disclosed. - FY2019RestatedAnnual report
「The company seeks to mitigate the risk of fluctuations in interest expense by combining variable-rate and fixed-rate borrowings.」
The policy of mitigating interest rate risk by combining variable-rate and fixed-rate borrowings continues. - FY2018RestatedAnnual report
「The Group seeks to mitigate the risk from interest rate fluctuations by combining variable-rate and fixed-rate borrowings. However, sharp interest rate fluctuations could affect operating results.」
The policy of mitigating the risk from interest rate fluctuations by combining variable-rate and fixed-rate borrowings, as well as the possibility of an impact from sharp interest rate fluctuations, continues to be disclosed. - FY2017First statedAnnual report
「The Group seeks to mitigate the risk from interest rate fluctuations by combining variable-rate and fixed-rate borrowings. However, sharp interest rate fluctuations could affect operating results.」
The company describes the risk from interest rate fluctuations and the mitigation measure of combining variable-rate and fixed-rate borrowings.