Credit, interest rate, market price and foreign exchange risks of U.S. dollar-denominated bonds and MMFs
First written in FY2024. 1 of 3 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「Consolidated fiscal year (31 May 2026): Not applicable.」
The individual disclosures on credit, interest rate, market price and foreign exchange risks of US dollar-denominated bonds and MMFs were removed, and the securities balance was zero at year-end. The general policy of investing surplus funds in secure financial products continues. - FY2025RestatedAnnual report
「In addition to the issuer's credit risk, bonds are exposed to interest rate risk and market price fluctuation risk. MMFs investing in those bonds and other instruments are exposed to similar risks. Because the bonds and MMFs are denominated in US dollars, they are also exposed to foreign exchange risk.」
The group continues to manage the credit, interest rate, market price and foreign exchange risks of US dollar-denominated bonds and MMFs through investment limits. - FY2024First statedAnnual report
「In addition to the issuer's credit risk, bonds are exposed to interest rate risk and market price fluctuation risk. MMFs investing in those bonds and other instruments are exposed to similar risks. Because the bonds and MMFs are denominated in US dollars, they are also exposed to foreign exchange risk.」
The management policy is to limit risk through highly creditworthy issuers, secure MMFs and limits on investment amounts.