Interest Rate Risk
First written in FY2016. 2 of 4 entries say "Mitigated", first in FY2017. Latest entry: FY2025.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
- FY2025RestatedAnnual report
「As a general rule, long-term borrowings are arranged at fixed rates, and the Group seeks to reduce risk by fixing its interest payments.」
Measures to reduce interest-rate risk by fixing interest payments through fixed-rate borrowings continue to be implemented. - FY2022MitigatedAnnual report
「Because the Group finances part of its working capital and capital expenditures through borrowings, it is reducing its interest-bearing debt and entering into fixed-rate borrowings and interest-rate swap transactions to mitigate the risk of future interest-rate fluctuations.」
The Group continues to address interest-rate risk by reducing interest-bearing debt and using fixed-rate borrowings and interest-rate swaps. - FY2017MitigatedAnnual report
「The Group is reducing its interest-bearing debt and entering into fixed-rate borrowings and interest-rate swap transactions to mitigate the risk of future interest-rate fluctuations.」
The disclosure continues to describe measures to address interest-rate risk, including reducing interest-bearing debt and using fixed-rate borrowings and interest-rate swaps. - FY2016First statedAnnual report
「Because the Group finances much of its working capital and capital expenditures through borrowings, its ratio of interest-bearing debt to total assets is high.」
Given its high dependence on borrowings, the Group states that future changes in interest rates could affect its operating results and financial position. It also uses fixed-rate borrowings and interest-rate swaps.