Interest Rate Fluctuation Risk on Acquisition-Related Borrowings
First written in FY2017. 1 of 3 entries say "Reframed", first in FY2025. Latest entry: FY2025.
U-Next Holdings moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 12 of 58 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「If market interest rates rise due to changes in domestic or overseas economic conditions or monetary policy, the group’s financial position and operating results may be affected by increased interest expenses on borrowings and higher costs of raising new funds.」
The former risk of interest rate fluctuations on acquisition-related borrowings has been reorganized as a broader risk of rising interest rates on borrowings and new financing, with diversification of funding sources and other measures identified as responses. - FY2020No interest rate swaps at fiscal year-endAnnual report
「Fiscal year ended 31 August 2020: No applicable matters.」
The company states that there were no derivatives subject to hedge accounting at the end of the fiscal year in respect of the interest rate swap transactions disclosed in the previous fiscal year. - FY2017First statedAnnual report
「Some long-term borrowings are exposed to interest rate fluctuation risk, but are hedged using derivative transactions.」
Interest rate fluctuation risk was identified for long-term borrowings related to the acquisition of USEN and other matters, and hedging was carried out using interest rate swaps.