5 unchanged sentences
We attempt to manage interest rate risk by managing the mix of long-term fixed rate borrowings and variable rate borrowings, supplemented by hedging activities as believed by us to be appropriate.
−Removed: We cannot assure you that these risk management strategies will have the desired effect, and interest rate fluctuations could have a negative impact on our results of operations.
+Added: We cannot assure you that these risk management strategies will have the desired effect, and interest rate fluctuations could have a negative impact on our results of operations and cash flows.
Interest Rate Sensitivity
1 unchanged sentence
The interest rate swap effectively fixes the variable component of the interest rate on the Retail Term Loan at 3.385% through February 2027.
−Removed: As of September 30, 2025, approximately 82% of our long-term debt was based on fixed rates.
−Removed: Based on our outstanding borrowings as of September 30, 2025 and after giving effect to the interest rate swap on the Retail Term Loan , an assumed 100 basis point change in the variable rates would cause our annual interest expense to change by $19.0 million.
+Added: As of March 31, 2026, approximately 82% of our long-term debt was based on fixed rates.
+Added: Based on our outstanding borrowings as of March 31, 2026 and after giving effect to the interest rate swap on the Retail Term Loan , an assumed 100 basis point change in the variable rates would cause our annual interest expense to change by $19.0 million.
Foreign Currency Risks
6 unchanged sentences
The foreign currency swaps exchange predetermined amounts of Hong Kong dollars for U.S.
−Removed: dollars at a contractual spot rate, and as of September 30, 2025, have an aggregate notional amount of $4.10 billion, and have maturities between October 2027 and August 2030.
+Added: dollars at a contractual spot rate, and as of March 31, 2026, have an aggregate notional amount of $4.10 billion, and have maturities between October 2027 and August 2030.
For additional information, refer to Note 7, "Derivative Instruments" of Part I in this Quarterly Report on Form 10-Q.
−Removed: Based on our balances as of September 30, 2025 and after giving effect to our foreign currency swaps, an assumed 1% change in the U.S.
−Removed: dollar/Hong Kong dollar exchange rate would cause a gain/loss of $3.4 million to our income before income taxes.
+Added: Based on our balances as of March 31, 2026 and after giving effect to our foreign currency swaps, an assumed 1% change in the U.S.
+Added: dollar/Hong Kong dollar exchange rate would cause a foreign currency gain/loss of $4.4 million.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.