Financing cost risk arising from interest-rate movements
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2020-Q2.
The whole theme swung hardest in 2023: 9 of 38 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2020-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The report concludes that there have been no material changes regarding funding cost risk from interest rate fluctuations. - FY2019RestatedAnnual report
「We use measures such as interest rate swaps for most of our borrowings for capital investment.」
The report reaffirms the policy of controlling interest rate risk through interest rate swaps and other measures. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The report concludes that there have been no material changes regarding funding cost risk from interest rate fluctuations. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The report concludes that there have been no material changes regarding funding cost risk from interest rate fluctuations. - FY2017First statedAnnual report
「Some of this external funding is raised at variable interest rates. Although we seek to mitigate the impact of interest rate fluctuations by fixing interest rates and taking other measures after considering interest rate conditions, future interest rate fluctuations may cause funding costs to vary and affect the Group’s operating results, share price and financial condition.」
The report identifies fluctuations in funding costs due to variable interest rates as a risk and describes measures such as fixing interest rates in response.