The company said it is exposed to interest rate risk, credit risk, liquidity risk and capital risk, and that risk management is carried out by management and approved by the board of directors. The company said its interest rate risk arises from long-term borrowings. Management said it monitors interest rate fluctuations on a continuous basis and acts accordingly. The company confirmed it does not apply hedge accounting for cash flow interest rate risk. Credit risk also arises from intragroup guarantee arrangements in which the company participates.