Interest-Rate Increase Risk Associated with Higher Interest-Bearing Debt
First written in FY2021. 3 of 5 entries say "Worsened", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2017: 26 of 105 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「In addition to persistently high raw material costs, logistics costs and energy prices, higher financing costs resulting from rising interest rates are also weighing on corporate earnings.」
The increase in financing costs resulting from rising interest rates was described as an actual burden on corporate earnings. Reliance on interest-bearing debt and interest-rate fluctuation risk also continue to be disclosed. - 2026-04-14WorsenedRevisions to earnings forecasts
「In addition to persistently high raw-material, logistics and energy costs, higher funding costs due to rising interest rates are also weighing on corporate earnings.」
Higher funding costs due to rising interest rates were added to the actual and forecast burdens on corporate earnings. - FY2025-H1WorsenedAnnual report
「There are also concerns about the impact of a slowdown in the Chinese economy on domestic companies' exports and production activity, as well as rising interest rates in Japan's financial markets, spreading to the broader economy.」
In addition to the risk of higher interest rates in the future, the disclosure noted concerns about the impact on the broader economy of rising interest rates in Japan's financial markets. - FY2022RestatedAnnual report
「Our Group finances funds for M&A and other purposes through borrowings from financial institutions and has a high level of dependence on interest-bearing debt.」
The Group's high reliance on interest-bearing debt, funded through borrowings for M&A financing and other purposes, and the risk of higher interest rates continued to be disclosed. - FY2021First statedAnnual report
「If interest rates rise more than expected because of future changes in interest-rate conditions, this could adversely affect the Group's operating results and financial condition.」
Against the backdrop of greater reliance on interest-bearing debt for M&A financing and other purposes, the risk of higher interest rates was disclosed separately for the first time.