Risk of Higher Bank Borrowing Rates Following the Bank of Japan’s Termination of Its Negative Interest Rate Policy
First written in FY2024-Q3. 1 of 4 entries say "Materialised", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Although Japan’s economy continued to recover moderately during the current consolidated fiscal year, supported by improved corporate earnings and employment conditions, uncertainty about the economic outlook remained high because of geopolitical risks, including the increasingly tense situation in the Middle East, sluggish consumption resulting from continued inflation led by energy prices, and higher interest rates as the Bank of Japan shifted toward a rate-hike cycle.」
Higher interest rates resulting from the Bank of Japan’s shift toward a rate-hike cycle remained an economic risk, and interest expenses for the current fiscal year were ¥903.775 million. - FY2026-H1RestatedAnnual report
「Profit was depressed during the current interim consolidated accounting period by the recognition of substantial interest expense arising from the application of the lease accounting standard and impairment losses on fixed assets at the Osaka head office, for which a decision had been made to relocate the office.」
There was no new disclosure concerning the risk of higher bank borrowing rates. - FY2024MaterialisedAnnual report
「From a financial perspective, the company was affected during the current fiscal year by higher interest rates on bank borrowings following the Bank of Japan’s end of its negative interest rate policy, and expects the impact to become more pronounced going forward.」
The impact of higher bank borrowing rates following the end of the negative interest rate policy actually occurred during the current fiscal year, and additional effects are expected going forward. - FY2024-Q3First statedAnnual report
「The company expects the impact of higher interest rates on bank borrowings following the Bank of Japan’s end of its negative interest rate policy to emerge going forward.」
Following the Bank of Japan’s end of its negative interest rate policy, the possibility of higher interest rates on bank borrowings was explicitly identified for the first time as a financial risk that could emerge going forward.