Risk of Interest Rate Increases Resulting from a Shift in Monetary Policy
First written in FY2024. 1 of 3 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2025: 34 of 96 companies on the "Worse" side.
- FY2027-H1WorsenedAnnual report
「In addition, global interest rates have risen against a backdrop of rate hikes in major countries and fiscal concerns.」
Regarding the risk of higher interest rates resulting from a shift in monetary policy, the disclosure identified rate hikes in major countries as well as global interest rate increases driven by fiscal concerns. - FY2025-H1RestatedAnnual report
「Changes in monetary policy in Japan, the United States and European countries, economic stagnation in China and Europe, heightened geopolitical risks arising from escalating tensions between the United States and China and conditions in Ukraine and the Middle East, among other factors」
Changes in monetary policy, economic stagnation in China and Europe, and geopolitical risks continued to be identified as sources of uncertainty in the operating environment during the interim period. - FY2024First statedAnnual report
「Under zero interest rates, the impact of interest payments on interest-bearing debt on earnings is limited. However, if interest rates rise in the future due to a shift in domestic monetary policy or other factors, the Group’s financial position may be affected.」
Interest rate risk was disclosed for the first time as a separate major risk. The disclosure indicated that higher interest rates resulting from a shift in monetary policy could affect the financial position through interest payments on interest-bearing debt, and identified fixed-rate borrowings and reductions in working capital as countermeasures.