Interest-rate risk associated with reliance on borrowings
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 64 of 141 companies on the "Worse" side.
- FY2025WorsenedAnnual report
「The situation remains uncertain, owing to factors including the decline in the resident population along the company's railway lines, rising prices in general, and higher labor costs and interest rates.」
Higher interest rates were identified as a source of uncertainty alongside higher labor costs and prices. Consolidated interest expense also increased from ¥35 million in the previous fiscal year to ¥56 million. - FY2022RestatedAnnual report
「The group continues to invest in facilities, primarily for its railway business, funding these investments through borrowings from financial institutions and other sources. Accordingly, fluctuations in interest rates may affect the group's performance and financial condition.」
The company continues to disclose interest rate fluctuation risk associated with funding capital investment through borrowings. It also continues to use fixed rates in its financial instrument management. - FY2021RestatedAnnual report
「The company and its consolidated subsidiaries use fixed-rate borrowings to avoid the risk associated with future changes in the market prices of borrowings and other instruments.」
The company continues to manage interest rate fluctuation risk on borrowings through the use of fixed rates. - FY2020RestatedAnnual report
「The company and its consolidated subsidiaries use fixed-rate borrowings to avoid the risk associated with future changes in the market prices of borrowings and other instruments.」
The company continues to manage interest rate fluctuation risk on borrowings through the use of fixed rates. - FY2018RestatedAnnual report
「The company and its consolidated subsidiaries use fixed-rate borrowings to avoid the risk associated with future changes in the market prices of borrowings and other instruments.」
The company continues to manage interest rate fluctuation risk on borrowings through the use of fixed rates. - FY2017MitigatedAnnual report
「The company and its consolidated subsidiaries use fixed-rate borrowings to avoid the risk associated with future changes in the market prices of borrowings and other instruments.」
The company describes its use of fixed-rate borrowings to manage and avoid interest rate fluctuation risk on borrowings. - FY2016First statedAnnual report
「The group continues to invest in facilities, primarily for its railway business, funding these investments through borrowings from financial institutions and other sources. Accordingly, fluctuations in interest rates may affect the group's performance and financial condition.」
The company identifies interest rate fluctuation risk in connection with funding ongoing capital investment through borrowings from financial institutions and other sources.