Interest Rate Risk on Borrowings
First written in FY2016. 16 of 28 entries say "Mitigated", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 13 of 64 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As the company obtains the funds it needs through borrowings from financial institutions, interest-bearing debt (borrowings and lease obligations) accounts for a high 30.1% of total assets. Although interest-bearing debt (borrowings and lease obligations) is trending downward, interest-rate conditions and other financial-market fluctuations could affect performance.」
The interest-bearing debt ratio declined to 30.1% from 39.6% in the previous fiscal year. While noting that its reliance on borrowings remains high, the company disclosed a reduction in its exposure to interest-rate fluctuations. - 2026-05-14MitigatedEarnings
「The main factors included a ¥500 million decrease due to the net change in short-term borrowings, ¥145 million in repayments of long-term borrowings and ¥121 million in repayments of lease liabilities.」
Interest-bearing debt was reduced through repayments of short-term borrowings, long-term borrowings and lease liabilities. - FY2026-H1MitigatedAnnual report
「Total liabilities decreased by ¥614 million from the end of the previous consolidated fiscal year to ¥2.164 billion, mainly due to the repayment of ¥500 million in short-term borrowings and ¥72 million in long-term borrowings, including the current portion of long-term borrowings.」
The company repaid ¥500 million in short-term borrowings, ¥72 million in long-term borrowings and other debt, reducing total liabilities by ¥614 million from the end of the previous fiscal year. Its exposure to fluctuations in borrowing rates has declined. - FY2025MitigatedAnnual report
「Because the Group obtains the funds it needs through borrowings from financial institutions, interest-bearing debt, consisting of borrowings and lease obligations, accounts for a high 39.6% of total assets. Although interest-bearing debt, consisting of borrowings and lease obligations, is trending downward, interest rate trends and other changes in financial markets may affect performance.」
The ratio of interest-bearing debt and lease obligations declined to 39.6% from 39.9% in the previous fiscal year, reducing exposure to fluctuations in borrowing rates to some extent. - FY2025-H1MitigatedAnnual report
「Total liabilities decreased by ¥51 million from the end of the previous consolidated fiscal year to ¥2.885 billion, mainly because long-term borrowings, including the current portion of long-term borrowings, decreased by ¥72 million and other factors.」
Long-term borrowings decreased by ¥72 million, and total liabilities also decreased by ¥51 million from the end of the previous fiscal year. Exposure to interest rate fluctuations has declined to some extent. - FY2024MitigatedAnnual report
「Because the Group obtains the funds it needs through borrowings from financial institutions, interest-bearing debt, consisting of borrowings, accounts for a high 39.9% of total assets. Although interest-bearing debt, consisting of borrowings, is trending downward, interest rate trends and other changes in financial markets may affect performance.」
Although reliance on borrowings remains high, the interest-bearing debt ratio declined from 42.2% in the previous fiscal year to 39.9%. Exposure to interest rate fluctuations has declined to some extent. - FY2024-Q3MitigatedAnnual report
「Although long-term borrowings, including the current portion of long-term borrowings, decreased by ¥109 million, total liabilities increased by ¥49 million from the end of the previous consolidated fiscal year to ¥3.129 billion, mainly because accounts payable increased by ¥99 million and deferred tax liabilities by ¥59 million.」
Long-term borrowings decreased by ¥109 million. Although total liabilities increased, including due to increases in accounts payable and other liabilities, exposure to fluctuations in borrowing rates declined to some extent. - FY2024-Q2MitigatedAnnual report
「Total liabilities decreased by ¥100 million from the end of the previous consolidated fiscal year to ¥2.980 billion, mainly because long-term borrowings, including the current portion of long-term borrowings, decreased by ¥72 million and other factors.」
Long-term borrowings decreased by ¥72 million, and total liabilities also decreased by ¥100 million from the end of the previous fiscal year. The decrease in borrowings has reduced exposure to interest rate fluctuations to some extent. - FY2023WorsenedAnnual report
「Because the Group obtains the funds it needs through borrowings from financial institutions, interest-bearing debt, consisting of borrowings, accounts for a high 42.2% of total assets. Although interest-bearing debt, consisting of borrowings, is trending downward, interest rate trends and other changes in financial markets may affect performance.」
While also noting the downward trend in borrowings, the interest-bearing debt ratio increased from 40.3% in the previous fiscal year to 42.2%, and the risk of exposure to interest rate and financial market fluctuations continues. - FY2023-Q3Concerns over rising interest rates and partial repaymentAnnual report
「As interest rates were trending upward, the company decided to repay part of its borrowings at the end of January 2023.」
In response to the upward trend in interest rates, the company indicated a policy of repaying part of its borrowings at the end of January 2023. It noted both concerns that interest rate risk may materialize and measures to contain the balance of borrowings. - FY2023-Q2MitigatedAnnual report
「Although long-term borrowings, including the current portion of long-term borrowings, decreased by ¥72 million, total liabilities increased by ¥39 million from the end of the previous consolidated fiscal year to ¥3.369 billion, mainly because lease obligations increased by ¥141 million and other factors.」
Long-term borrowings decreased by ¥72 million. Although lease obligations increased, exposure to fluctuations in borrowing rates declined to some extent. - FY2022MitigatedAnnual report
「Because the Group obtains the funds it needs through borrowings from financial institutions, interest-bearing debt, consisting of borrowings, accounts for a high 40.3% of total assets. Although interest-bearing debt, consisting of borrowings, is trending downward, interest rate trends and other changes in financial markets may affect performance.」
Although reliance on borrowings remains high, interest-bearing debt as a percentage of total assets declined from 42.6% in the previous fiscal year to 40.3%. - FY2022-Q3MitigatedAnnual report
「Total liabilities decreased by ¥67 million from the end of the previous consolidated fiscal year to ¥3.481 billion, mainly because short-term and long-term borrowings, including the current portion of long-term borrowings, decreased by a combined ¥132 million.」
Short-term and long-term borrowings decreased by a combined ¥132 million, and total liabilities also decreased by ¥67 million from the end of the previous fiscal year. Exposure to fluctuations in borrowing rates has declined. - FY2022-Q2MitigatedAnnual report
「Total liabilities decreased by ¥250 million from the end of the previous consolidated fiscal year to ¥3.297 billion, mainly because short-term and long-term borrowings, including the current portion of long-term borrowings, decreased by a combined ¥153 million and accrued corporate and consumption taxes decreased by a combined ¥62 million.」
Short-term and long-term borrowings decreased by a combined ¥153 million, and total liabilities also decreased by ¥250 million from the end of the previous consolidated fiscal year. Exposure to fluctuations in borrowing rates has declined. - FY2022-Q1MitigatedAnnual report
「Total liabilities decreased by ¥123 million from the end of the previous consolidated fiscal year to ¥3.424 billion, mainly because short-term and long-term borrowings, including the current portion of long-term borrowings, decreased by a combined ¥136 million.」
Short-term and long-term borrowings decreased by a combined ¥136 million, and total liabilities also decreased by ¥123 million from the end of the previous fiscal year. - FY2021MitigatedAnnual report
「Because the Group obtains the funds it needs through borrowings from financial institutions, interest-bearing debt, consisting of borrowings, accounts for a high 42.6% of total assets. Although interest-bearing debt, consisting of borrowings, is trending downward, interest rate trends and other changes in financial markets may affect performance.」
Although reliance on borrowings remains high, interest-bearing debt as a percentage of total assets declined from 70.6% in the previous fiscal year to 42.6%, reducing exposure to fluctuations in borrowing rates. - FY2021-Q3Changes in borrowing composition and lower liabilitiesAnnual report
「Although long-term borrowings, including the current portion of long-term borrowings, increased, total liabilities decreased by ¥601 million from the end of the previous consolidated fiscal year to ¥3.766 billion, mainly because short-term borrowings decreased.」
While long-term borrowings increased, total liabilities decreased by ¥601 million from the end of the previous fiscal year due to a decrease in short-term borrowings and other factors. The composition of borrowings changed, but total liabilities declined. - FY2021-Q2MitigatedAnnual report
「Although short-term borrowings increased, total liabilities decreased by ¥229 million from the end of the previous consolidated fiscal year to ¥4.138 billion, mainly because long-term borrowings, including the current portion of long-term borrowings, decreased.」
While short-term borrowings increased, total liabilities decreased by ¥229 million from the end of the previous fiscal year due to a decrease in long-term borrowings and other factors. The decrease in borrowings has reduced exposure to interest rate fluctuations. - FY2021-Q1MitigatedAnnual report
「Although lease obligations and other liabilities increased, total liabilities decreased by ¥25 million from the end of the previous consolidated fiscal year to ¥4.342 billion, mainly because long-term borrowings, including the current portion of long-term borrowings, and short-term borrowings decreased.」
Long-term and short-term borrowings decreased, and total liabilities also declined by ¥25 million from the end of the previous fiscal year. The decrease in borrowings has reduced exposure to interest rate fluctuations. - FY2020WorsenedAnnual report
「Because the Group obtains the funds it needs through borrowings from financial institutions, interest-bearing debt, consisting of borrowings, accounts for a high 70.6% of total assets. Although interest-bearing debt, consisting of borrowings, is trending downward, interest rate trends and other changes in financial markets may affect performance.」
While also noting the downward trend in interest-bearing debt, the company specifies that borrowings account for 70.6% of total assets, providing a more specific indication of its reliance on borrowings and the impact of interest rate and financial market fluctuations. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the existing business and other risks, including interest rate risk on borrowings. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the existing business and other risks, including interest rate risk on borrowings. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the existing business and other risks, including interest rate risk on borrowings. - FY2017RestatedAnnual report
「Some of these liabilities are exposed to the risk of fluctuations in interest payable, while the company has entered into interest rate swap transactions for some long-term borrowings to hedge this risk and fix interest expenses.」
The company continues to have interest rate risk on borrowings and to fix interest rates on some long-term borrowings through interest rate swaps. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the existing business and other risks, including interest rate risk on borrowings. - FY2017-Q2RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the existing business and other risks, including interest rate risk on borrowings. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the interest rate risk on borrowings described in the previous fiscal year. - FY2016First statedAnnual report
「Borrowings are used to finance working capital, primarily on a short-term basis, and capital expenditures on a long-term basis. Bonds and lease obligations under finance lease transactions are used to finance capital expenditures. Some of these liabilities are exposed to the risk of fluctuations in interest payable, while the company has entered into interest rate swap transactions for some long-term borrowings to hedge the risk of fluctuations in interest payable and fix interest expenses.」
Interest rate swaps have been entered into for some long-term borrowings. The notional amount of the interest rate swap contracts and other related amounts was ¥1.344064 billion.