Nitten (2108) · PolicyRestated
Safety-Focused Surplus-Fund Management and a Non-Speculative Derivatives Policy
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2022.
2entries
6years
0from disclosures
How it moved
Same theme, other companies
Low-risk investing focused on principal protection, with foreign exchange and interest-rate hedgingA theme 22 companies write about · 1 as a headwind · 18 as a tailwind
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 22 companies compared. The sentences above are computed from all 22.Full recordFilings, disclosures and news, newest first
- FY2022RestatedAnnual report
「Temporary surplus funds are invested in highly secure financial assets, while short-term working capital is obtained through bank borrowings. Derivatives are used to avoid the risks described below, and the policy is not to engage in speculative transactions.」
It has reaffirmed its policy of investing surplus funds in highly secure financial assets and limiting derivatives to risk-hedging purposes. - FY2017First statedAnnual report
「Temporary surplus funds are invested in highly secure financial assets, while short-term working capital is obtained through bank borrowings. Derivatives are used to avoid the risks described below, and the policy is not to engage in speculative transactions.」
It has for the first time made a dedicated disclosure of its financial management policy of investing surplus funds in highly secure financial assets and limiting derivatives to risk-hedging purposes.