Interest Rate Risk Associated with Floating-Rate Borrowings
First written in FY2016. 1 of 6 entries say "Advanced", first in FY2017. Latest entry: FY2022.
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- FY2022Interest rate swap contract expiredAnnual report
「For the consolidated fiscal year (31 March 2022), there were no applicable matters.」
Although variable interest rate risk continues to be disclosed, the interest rate swap hedge contract of ¥150 million reported in the prior year is not included in the current year's derivatives note. - FY2021Decrease in interest rate swap notional amount and notional amount with a term of more than one yearAnnual report
「The Company and certain consolidated subsidiaries use interest rate swaps to mitigate the risk of fluctuations in the interest rates on borrowings.」
Interest rate swaps continue to be used, but the notional amount decreased from ¥640 million in the prior year to ¥150 million, while the notional amount with a term of more than one year decreased from ¥150 million to zero. - FY2019Decrease in hedge notional amount and notional amount with a term of more than one yearAnnual report
「The Company and certain consolidated subsidiaries use interest rate swaps to mitigate the risk of fluctuations in the interest rates on borrowings.」
Interest rate swaps continue to be used, but the notional amount decreased from ¥2,170.0 million to ¥1,320.0 million, while the notional amount with a term of more than one year decreased from ¥1,320.0 million to ¥640.0 million. - FY2018Decrease in Hedge Contract AmountAnnual report
「The Company and certain consolidated subsidiaries use interest rate swaps to mitigate the risk of fluctuations in the interest rates on borrowings and bonds.」
Interest rate swaps continue to be used to address variable interest rate risk, while the notional amount was ¥2,170.0 million, of which ¥1,320.0 million had a term of more than one year. - FY2017AdvancedAnnual report
「Interest rate swap Payment: fixed rate; receipt: variable rate Long-term borrowings 3,281,700 2,170,000」
The notional amount of interest rate swaps used to hedge variable-rate borrowings was ¥3,281.7 million, of which ¥2,170.0 million had a term of more than one year. - FY2016First statedAnnual report
「Borrowings, bonds and lease obligations related to finance lease transactions are primarily used to raise funds required for capital investment. Some of these liabilities are exposed to interest rate fluctuation risk because they bear variable interest rates, but the risk is hedged using derivative transactions, specifically interest rate swaps.」
The interest rate swap notional amount was disclosed as ¥3,182.1 million at the end of the period.