Funding through borrowings and bonds, and hedging interest-rate risk
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2025: 13 of 59 companies on the "Worse" side.
93 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The Group finances its business operations through borrowings from financial institutions and other sources and bond issuance. Funds are invested in instruments with low credit risk. Derivative transactions are used to avoid interest rate fluctuation risk on borrowings, and the Group's policy is not to engage in transactions for speculative purposes.」
The Company continues to finance its operations through borrowings and bonds, invest in instruments with low credit risk, hedge interest rate fluctuation risk, and follow a non-speculative policy. - FY2018RestatedAnnual report
「The Group finances its business operations through borrowings from financial institutions and bond issuance. It invests funds in instruments with low credit risk, and uses derivative transactions to hedge interest-rate risk on borrowings, with no transactions undertaken for speculative purposes.」
The Company continues to finance its operations through borrowings and bonds, invest in instruments with low credit risk, hedge interest rate fluctuation risk, and follow a non-speculative policy. - FY2017RestatedAnnual report
「The Group finances its business operations through borrowings from financial institutions and bond issuance. It invests funds in instruments with low credit risk, and uses derivative transactions to hedge interest-rate risk on borrowings, with no transactions undertaken for speculative purposes.」
The Company continues to finance its operations through borrowings and bonds, invest funds in instruments with low credit risk, avoid interest rate fluctuation risk through interest rate swaps, and follow a non-speculative policy. - FY2016First statedAnnual report
「The Group finances its business operations through borrowings from financial institutions and bond issuance. It invests funds in instruments with low credit risk, and uses derivative transactions to hedge interest-rate risk on borrowings, with no transactions undertaken for speculative purposes.」
Borrowings and bonds are used for funding, interest-rate swaps are used to hedge interest-rate risk, and speculative transactions are not undertaken.