Risk of Rising Interest Rates on Variable-Rate Borrowings
First written in FY2017. 5 of 10 entries say "Mitigated", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2025: 30 of 96 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Because the company owns many properties, its total interest-bearing liabilities at the end of the fiscal year were ¥1,597 million, and changes in financial conditions could affect operating performance.」
Total interest-bearing liabilities decreased from ¥1,691 million in the previous fiscal year to ¥1,597 million. The disclosure that financial conditions could affect operating performance continues. - FY2025MitigatedAnnual report
「Because the company owns many properties, its total interest-bearing liabilities at the end of the fiscal year were ¥1,691 million, and changes in interest rate conditions could affect operating performance.」
Total interest-bearing liabilities decreased from ¥1,832 million in the previous fiscal year to ¥1,691 million. The floating-rate portion continues not to be specified. - FY2024WorsenedAnnual report
「Because the company owns many properties, its total interest-bearing liabilities at the end of the fiscal year were ¥1,832 million, and changes in interest rate conditions could affect operating performance.」
Total interest-bearing liabilities increased from ¥1,438 million in the previous fiscal year to ¥1,832 million, and the possibility that changes in interest rate conditions could affect operating performance continues to be disclosed. - FY2023Update to interest-bearing debt balanceAnnual report
「Because the company owns many properties, its total interest-bearing liabilities at the end of the fiscal year were ¥1,438 million, and changes in interest rate conditions could affect operating performance.」
The company retained the previous disclosure, which did not provide a breakdown of the floating-rate portion, while updating total interest-bearing liabilities from ¥1,557 million to ¥1,438 million. - FY2022ReframedAnnual report
「Because the group owns many properties, its total interest-bearing liabilities at the end of the consolidated fiscal year were ¥1,557 million, and changes in interest rate conditions could affect operating performance.」
The disclosure changed from specifying the floating-rate portion to describing the impact of total consolidated interest-bearing liabilities of ¥1,557 million and overall interest rate conditions. - FY2021ReframedAnnual report
「Because the group owns many properties, its total interest-bearing liabilities at the end of the consolidated fiscal year were ¥1,687 million, and changes in interest rate conditions could affect operating performance.」
The disclosure changed from specifying the amount of floating-rate borrowings to describing the impact of total consolidated interest-bearing liabilities and overall interest rate conditions. - FY2020MitigatedAnnual report
「Because the company owns many properties, its total interest-bearing liabilities at the end of the fiscal year were ¥1,624 million. Of this amount, ¥37 million was at floating rates, and changes in interest rate conditions could affect operating performance.」
The floating-rate portion decreased from ¥87 million in the previous fiscal year to ¥37 million, while total interest-bearing liabilities decreased from ¥1,649 million to ¥1,624 million. - FY2019MitigatedAnnual report
「Because the company owns many properties, its total interest-bearing liabilities at the end of the fiscal year were ¥1,649 million. Of this amount, ¥87 million was at floating rates, and changes in interest rate conditions could affect operating performance.」
Total interest-bearing liabilities decreased from ¥2,048 million to ¥1,649 million, while the floating-rate portion decreased from ¥635 million to ¥87 million. - FY2018MitigatedAnnual report
「Because the company owns many properties, its total interest-bearing liabilities as of the end of February 2018 were ¥2,048 million. Of this amount, ¥635 million was at floating rates, and changes in interest rate conditions could affect operating performance.」
Floating-rate borrowings decreased from ¥1,196 million in the previous fiscal year to ¥635 million, while total interest-bearing liabilities decreased from ¥2,097 million to ¥2,048 million. - FY2017First statedAnnual report
「Because the company owns many properties, its total interest-bearing liabilities as of the end of February 2017 were ¥2,097 million. Of this amount, ¥1,196 million was at floating rates, and changes in interest rate conditions could affect operating performance.」
Of total interest-bearing liabilities of ¥2,097 million, ¥1,196 million was at floating rates, indicating that changes in interest rate conditions could affect operating performance.