Interest rate fluctuations and dependence on external borrowings
First written in FY2016. 8 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「In addition to raising funds over the long term at fixed interest rates and diversifying funding methods, we use derivatives such as interest rate swaps for some variable-rate borrowings and other arrangements. We seek to reduce interest rate risk through a multifaceted approach, including minimising external borrowings by improving funding efficiency within the group and controlling interest-bearing debt at an appropriate level by generating stable operating cash flow from the business.」
Specific measures to reduce interest rate risk now combine fixed-rate funding, interest rate swaps, diversification of funding methods and improved funding efficiency within the group. - FY2020-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are deemed to have occurred with respect to the risks of interest rate fluctuations and dependence on external borrowings. - FY2019RestatedAnnual report
「Although we raise funds on a stable, long-term basis at fixed interest rates, fluctuations in interest rates may affect future funding costs.」
Measures to limit the impact through fixed-rate funding, together with the possibility that external borrowings and interest rate fluctuations will affect funding costs, continue to be disclosed. - FY2019-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are deemed to have occurred with respect to the risks of interest rate fluctuations and dependence on external borrowings. - FY2018RestatedAnnual report
「While seeking to maintain interest-bearing debt at an appropriate level, we finance necessary capital expenditures and working capital primarily through external borrowings. Although we raise funds on a stable, long-term basis at fixed interest rates, fluctuations in interest rates may affect future funding costs.」
Dependence on external borrowings, measures to limit the impact through fixed-rate funding, and the possibility that interest rate fluctuations will affect funding costs continue to be disclosed. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year.」
No new occurrence is deemed to have arisen with respect to the risks of interest rate fluctuations and dependence on external borrowings. - FY2017-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are deemed to have occurred with respect to the risks of interest rate fluctuations and dependence on external borrowings. - FY2017-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are deemed to have occurred with respect to the risks of interest rate fluctuations and dependence on external borrowings. - FY2017-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material changes are deemed to have occurred with respect to the risks of interest rate fluctuations and dependence on external borrowings. - FY2016First statedAnnual report
「Although we raise funds on a stable, long-term basis at fixed interest rates, fluctuations in interest rates may affect future funding costs.」
The company states that capital expenditures and working capital are financed primarily through external borrowings, with fixed-rate funding used to limit the impact.