Interest Rate Fluctuations and Borrowings and Commercial Paper
First written in FY2016. 17 of 29 entries say "Worsened", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Borrowings, bonds and commercial paper totaled ¥96,741 million at the end of the fiscal year.」
Borrowings, bonds and commercial paper increased from ¥86,788 million in the previous fiscal year to ¥96,741 million. Interest expense also increased from ¥2,711 million to ¥3,130 million, expanding interest-rate exposure. - 2026-05-14WorsenedEarnings
「Short-term borrowings 40,086 56,443」
Short-term borrowings increased from ¥40,086 million to ¥56,443 million. - FY2026-H1WorsenedAnnual report
「Ordinary profit was ¥1,976 million, down 55.7% year on year, partly due to the impact of interest-rate increases.」「Short-term borrowings 40,086 53,703」「Interest expense 1,249 1,487」
The impact of interest-rate increases was cited as a factor behind the decline in ordinary profit, while interest expense increased from ¥1,249 million in the previous year to ¥1,487 million. Short-term borrowings increased from ¥40,086 million to ¥53,703 million. - FY2025WorsenedAnnual report
「Borrowings, bonds and commercial paper totaled ¥86,788 million at the end of the fiscal year.」
Borrowings, bonds and commercial paper increased from ¥86,029 million in the previous fiscal year to ¥86,788 million, expanding liabilities exposed to interest-rate fluctuations. - FY2025-H1WorsenedAnnual report
「Liabilities increased by ¥16,276 million from the end of the previous fiscal year to ¥278,938 million, mainly due to an increase in short-term borrowings and other items.」
Short-term borrowings totaled ¥45,036 million and commercial paper ¥15,000 million. Liabilities increased from the previous year-end due to higher short-term borrowings and other items. Liabilities exposed to interest-rate fluctuations have expanded. - FY2024WorsenedAnnual report
「Borrowings, bonds and commercial paper totaled ¥86,029 million at the end of the fiscal year.」
Borrowings, bonds and commercial paper totaled ¥86,029 million, indicating interest-rate exposure including bonds issued. - FY2024-Q3MitigatedAnnual report
「Liabilities decreased by ¥2,837 million from the end of the previous fiscal year to ¥260,016 million, mainly due to decreases in borrowings and income taxes payable and other liabilities.」
Liabilities decreased by ¥2,837 million from the end of the previous fiscal year due to lower borrowings and other items. Short-term borrowings decreased from ¥52,884 million to ¥40,086 million, while long-term borrowings decreased from ¥21,425 million to ¥14,076 million. - FY2024-Q2MitigatedAnnual report
「Liabilities decreased by ¥841 million from the end of the previous fiscal year to ¥262,012 million, mainly due to a decrease in long-term borrowings and other items.」
Liabilities decreased by ¥841 million from the previous year-end due to lower long-term borrowings and other items. Long-term borrowings also declined from ¥21,425 million to ¥14,105 million, reducing part of the borrowing and interest-rate exposure. - FY2024-Q1MitigatedAnnual report
「Liabilities decreased by ¥2,002 million from the end of the previous fiscal year to ¥260,850 million, mainly due to a decrease in short-term borrowings and other items.」
Liabilities decreased by ¥2,002 million from the end of the previous fiscal year due to lower short-term borrowings and other items. Short-term borrowings declined from ¥52,884 million to ¥42,327 million, reducing part of the borrowing and interest-rate exposure. - FY2023-Q3WorsenedAnnual report
「Liabilities increased by ¥39,250 million from the end of the previous fiscal year to ¥273,582 million, mainly due to increases in trade payables, short-term borrowings and other items.」「Short-term borrowings 54,352」「Commercial paper 13,000」「Long-term borrowings 21,719」
Liabilities increased by ¥39,250 million from the end of the previous fiscal year due to higher trade payables, short-term borrowings and other items. Short-term borrowings also increased from ¥26,615 million to ¥54,352 million, expanding borrowing and interest-rate exposure. - FY2023-Q2WorsenedAnnual report
「Liabilities increased by ¥18,689 million from the end of the previous fiscal year to ¥253,021 million, mainly due to increases in trade payables, short-term borrowings and other items.」
Liabilities increased by ¥18,689 million from the end of the previous fiscal year due to higher short-term borrowings and other items. Short-term borrowings increased from ¥26,615 million to ¥50,300 million, expanding borrowing exposure to interest-rate fluctuations. - FY2023-Q1WorsenedAnnual report
「Liabilities increased by ¥12,984 million from the end of the previous fiscal year to ¥247,317 million, mainly due to increases in trade payables, short-term borrowings and other items.」
Liabilities increased by ¥12,984 million from the end of the previous fiscal year due to higher trade payables, short-term borrowings and other items. On the balance sheet, short-term borrowings increased from ¥26,615 million to ¥46,054 million. - FY2022MitigatedAnnual report
「Borrowings and commercial paper totaled ¥80,237 million at the end of the fiscal year.」
Borrowings and commercial paper declined from ¥83,272 million in the previous fiscal year to ¥80,237 million. The policy of limiting interest-rate fluctuations through long-term borrowings and interest-rate swaps remains in place. - FY2022-Q3WorsenedAnnual report
「Liabilities increased by ¥13,781 million from the end of the previous fiscal year to ¥245,319 million, mainly due to increases in trade payables, commercial paper and other items.」
Liabilities increased by ¥13,781 million from the end of the previous fiscal year due to higher commercial paper and other items. Borrowing and interest-rate exposure continue to expand. - FY2022-Q2MitigatedAnnual report
「Liabilities decreased by ¥7,309 million from the end of the previous fiscal year to ¥224,228 million, mainly due to repayments of short-term borrowings and a decrease in income taxes payable and other liabilities.」
Liabilities declined from the previous year-end due to repayments of short-term borrowings. On the balance sheet, short-term borrowings also decreased from ¥67,999 million to ¥40,193 million. - FY2021WorsenedAnnual report
「Borrowings and commercial paper totaled ¥83,272 million at the end of the fiscal year.」
Interest-bearing debt expanded due to acquisitions and other transactions, bringing borrowings and commercial paper to ¥83,272 million. The policy of limiting interest-rate fluctuations through long-term borrowings and interest-rate swaps remains in place. - FY2021-Q3WorsenedAnnual report
「Liabilities increased by ¥97,612 million from the end of the previous fiscal year to ¥239,653 million, mainly due to an increase in trade payables following the acquisition of Antalis S.A. and higher interest-bearing debt, including short-term borrowings associated with the acquisition of shares in a subsidiary.」
Liabilities increased by ¥97,612 million from the previous year-end due to higher trade payables and interest-bearing debt associated with the acquisition of Antalis and other transactions. Interest-rate and borrowing exposure associated with the acquisition continues to expand. - FY2021-Q2WorsenedAnnual report
「Liabilities increased by ¥87,034 million from the end of the previous fiscal year to ¥229,075 million, mainly due to an increase in trade payables following the acquisition of Antalis S.A. and higher interest-bearing debt, including short-term borrowings associated with the acquisition of shares in a subsidiary.」
Liabilities increased by ¥87,034 million from the previous year-end due to higher interest-bearing debt, including trade payables and short-term borrowings, associated with the acquisition of Antalis and other transactions. The equity ratio also declined by 11.0 percentage points, from 24.9% to 13.9%. - FY2020-Q3WorsenedAnnual report
「Liabilities increased by ¥18,220 million from the end of the previous fiscal year to ¥159,605 million, mainly due to an increase in trade payables and interest-bearing debt, including commercial paper and long-term borrowings associated with the acquisition of shares in a subsidiary.」
Liabilities increased by ¥18,220 million from the previous year-end due to higher long-term borrowings associated with the acquisition of shares in a subsidiary and increased commercial paper and other borrowings. Interest-bearing debt and interest-rate exposure continue to expand. - FY2020-Q2WorsenedAnnual report
「Liabilities increased by ¥6,068 million from the end of the previous fiscal year to ¥147,453 million, mainly due to an increase in interest-bearing debt, including short-term borrowings, commercial paper and long-term borrowings associated with the acquisition of shares in a subsidiary.」
Liabilities increased by ¥6,068 million from the previous year-end due to higher interest-bearing debt associated with the acquisition of Spicers and other transactions. Proceeds of ¥6,000 million from long-term borrowings were also recorded. - FY2020-Q1WorsenedAnnual report
「Liabilities increased by ¥4,142 million from the end of the previous fiscal year to ¥145,527 million, mainly due to an increase in interest-bearing debt, including short-term borrowings and commercial paper.」
Liabilities increased by ¥4,142 million from the previous year-end due to higher interest-bearing debt. The company also reported ¥6,000 million borrowed through a syndicated loan to fund the acquisition of Spicers. - FY2019MitigatedAnnual report
「Borrowings and commercial paper totaled ¥41,357 million at the end of the fiscal year, representing 21.6% of total assets.」
Interest-bearing debt and related balances declined from ¥49,693 million at the previous year-end to ¥41,357 million, while the ratio to total assets was 21.6%. The policy of limiting interest-rate fluctuations through long-term borrowings and interest-rate swaps also remains in place. - FY2019-Q3MitigatedAnnual report
「Short-term borrowings 31,555」「Commercial paper 8,000」「Long-term borrowings 7,894」
The total of short-term borrowings, commercial paper and long-term borrowings was ¥47,449 million, down from ¥49,692 million at the end of the previous fiscal year. Interest-bearing debt declined from the previous year-end. - FY2019-Q2MitigatedAnnual report
「Short-term borrowings 33,733」「Commercial paper 5,000」「Long-term borrowings 7,109」
The total of short-term borrowings, commercial paper and long-term borrowings was ¥45,842 million, down from ¥49,692 million at the end of the previous fiscal year. Interest-bearing debt is declining. - FY2019-Q1MitigatedAnnual report
「Short-term borrowings 32,608 32,109""Commercial paper 8,000 8,000""Long-term borrowings 9,084 9,009」
Compared with the end of the previous consolidated fiscal year, short-term and long-term borrowings decreased while commercial paper remained flat. The balances of the main components of interest-bearing debt decreased. - FY2018WorsenedAnnual report
「The balance of borrowings and commercial paper at the end of the current consolidated fiscal year was ¥49,693 million, representing 25.0% of total assets.」
Interest-bearing debt and other borrowings amounted to ¥49,693 million, or 25.0% of total assets, an increase from the end of the previous fiscal year. The policy of mitigating interest rate exposure through long-term borrowings and interest rate swaps remains in place. - FY2018-Q2MitigatedAnnual report
「Short-term borrowings 33,832""Commercial paper 3,000""Long-term borrowings 3,359」
The combined balance of borrowings and commercial paper was ¥40,191 million, down from ¥43,595 million at the end of the previous consolidated fiscal year. The balance of interest-bearing debt subject to interest rate movements has decreased further. - FY2017-Q2MitigatedAnnual report
「Short-term borrowings 33,596""Commercial paper 1,000""Long-term borrowings 6,072」
The combined balance of borrowings and commercial paper was ¥40,668 million, down from ¥50,817 million at the end of the previous consolidated fiscal year. The balance of borrowings and other items subject to interest rate movements has decreased. - FY2016First statedAnnual report
「The balance of borrowings and commercial paper at the end of the current consolidated fiscal year was ¥50,817 million, representing 27.5% of total assets.」
The group states that it intends to mitigate the impact of interest rate movements through long-term borrowings, interest rate swaps and other measures.