Risk of fluctuations in interest expenses due to variable-rate borrowings
First written in FY2018. 8 of 10 entries say "Restated". Latest entry: FY2026.
Sun Frontier Fudousan moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 5 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「If new financing becomes necessary, financing costs may increase in a rising market interest-rate environment.」
In addition to the risks associated with floating-rate borrowings, the company identified the risk that rising market interest rates could affect financing costs, homebuyers’ willingness to purchase, expected yields, sale proceeds and asset values. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes may materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business and financial conditions described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material change in the risk of fluctuations in interest expense on floating-rate borrowings. - FY2023RestatedAnnual report
「Floating-rate borrowings are exposed to the risk of fluctuations in interest rates.」
The company continues its policy of managing the risk of interest-rate fluctuations on floating-rate borrowings and using derivatives to hedge and limit the risk. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material change in the risk of fluctuations in interest expense on floating-rate borrowings. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material change in the risk of fluctuations in interest expense on floating-rate borrowings. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material change in the risk of fluctuations in interest expense on floating-rate borrowings. - FY2019RestatedAnnual report
「Floating-rate borrowings are exposed to the risk of fluctuations in interest rates.」
The company continues its policy of managing the risk of fluctuations in interest expense on floating-rate borrowings and limiting the impact of rising interest rates within a certain range through interest-rate caps. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no new occurrence or material change in the risk of fluctuations in interest expense on floating-rate borrowings. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no new occurrence or material change in the risk of fluctuations in interest expense on floating-rate borrowings. - FY2018First statedAnnual report
「Floating-rate borrowings are exposed to the risk of fluctuations in interest rates.」
The company identified the risk of interest-rate fluctuations on borrowings as a new standalone theme and also stated its policy of limiting the impact within a certain range through interest-rate cap transactions.