Interest Rate Risk on Floating-Rate Borrowings
First written in FY2017. 14 of 19 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 31 of 96 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Interest expenses were ¥171.289 million, up from ¥79.252 million in the same period of the previous year.」
Against the backdrop of increased borrowings for the new Narita warehouse, the new warehouse of the U.S. subsidiary and other projects, interest expenses increased to approximately ¥171 million, increasing the interest burden. - 2026-05-14WorsenedEarnings
「Interest expense 79,252 171,289」
Interest expense increased from ¥79 million in the previous fiscal year to ¥171 million, disclosing a rise in the interest burden accompanying increased borrowings. - FY2026-H1WorsenedAnnual report
「Ordinary profit included ¥80 million in interest expenses recorded as non-operating expenses, mainly due to an increase in borrowings for construction of the new Narita warehouse, scheduled for completion next fiscal year.」
Interest expenses of ¥80 million were recorded as borrowings for construction of the new Narita warehouse increased, increasing the interest burden associated with the additional borrowings. - FY2025WorsenedAnnual report
「Interest rate: Variable rate (3-month TIBOR + spread)」
A ¥1.6 billion syndicated loan for a new warehouse of the U.S. subsidiary was arranged at a variable interest rate, increasing exposure to variable-rate borrowings. Derivative transactions are also used to address interest rate risk. - FY2022RestatedAnnual report
「The company hedges interest rate and other related risks through derivative transactions, including interest rate swaps.」
The company continues to pursue a policy of hedging the interest rate risk associated with variable-rate borrowings through interest rate swaps and other instruments. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the interest rate risk associated with variable-rate borrowings. - FY2017First statedAnnual report
「Some borrowings bear variable interest rates and are exposed to interest rate risk.」
The company explicitly identifies interest rate fluctuation risk on floating-rate borrowings as a financial instrument risk.