Mitigation of interest rate risk through interest rate swaps and other instruments
First written in FY2016. 1 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2025.
The whole theme swung hardest in 2025: 12 of 58 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
- FY2025Lower interest rate swap notionalAnnual report
「Interest rate swap transactions Receive floating, pay fixed Long-term borrowings 60,000 －」
The amount of the interest rate swap contracts decreased from ¥120 million in the previous fiscal year to ¥60 million, while the amount with maturities exceeding 1 year fell to zero. - FY2024Lower interest rate swap notionalAnnual report
「Interest rate swap transactions Receive floating, pay fixed Long-term borrowings 120,000 60,000」
The amount of the interest rate swap contracts decreased from ¥280 million in the previous fiscal year to ¥120 million, while the amount with maturities exceeding 1 year decreased from ¥120 million to ¥60 million. - FY2023Lower interest rate swap notionalAnnual report
「Long-term borrowings 280,000 120,000」
The amount of the interest rate swap contracts decreased from ¥440 million in the previous fiscal year to ¥280 million, while the amount with maturities exceeding 1 year decreased from ¥280 million to ¥120 million. - FY2022Lower interest rate swap notionalAnnual report
「Fiscal year ended 31 March 2022 Interest rate swap transactions Receive floating, pay fixed Long-term borrowings 440,000 280,000」
The amount of the interest rate swap contracts decreased from ¥660 million in the previous fiscal year to ¥440 million, including a decrease in the amount with maturities exceeding 1 year from ¥440 million to ¥280 million. - FY2021Change in interest rate swap contract amountsAnnual report
「Fiscal year ended 31 March 2021 Interest rate swap transactions Receive floating, pay fixed Long-term borrowings 660,000 440,000」
The amount of the interest rate swap contracts decreased from ¥745 million in the previous fiscal year to ¥660 million, while the amount with maturities exceeding 1 year increased from ¥360 million to ¥440 million. - FY2020Lower interest rate swap notionalAnnual report
「Fiscal year ended 31 March 2020 Interest rate swap transactions Receive floating, pay fixed Long-term borrowings 745,000 360,000」
The amount of the interest rate swap contracts and related items decreased from ¥1,295 million in the previous fiscal year, including ¥745 million with maturities exceeding 1 year, to ¥745 million, including ¥360 million with maturities exceeding 1 year. The disclosure does not state the reason for the decrease. - FY2019AdvancedAnnual report
「Because the funding rates on this interest-bearing debt fluctuate depending on market conditions and other factors, we conduct interest rate swap transactions on some borrowings to fix interest payments and avoid adverse effects from interest rate fluctuations.」
The disclosure states that interest rate swaps are actually applied to some borrowings to fix interest payments. The notional amount of the interest rate swap contracts is ¥1,295 million. - FY2016First statedAnnual report
「In light of interest rate trends, we intend to mitigate the risk of rising interest rates by fixing funding rates and using interest rate caps, interest rate swaps and other measures.」
The company identifies fixing funding rates, interest rate caps and interest rate swaps as specific measures.