Credit, Market Price, Interest Rate and Liquidity Risks of Financial Instruments
First written in FY2018. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 7 of 17 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Trade notes, electronic receivables and accounts receivable, which are operating receivables, are exposed to customers' credit risk. The company seeks to reduce this risk by monitoring the credit standing of its major business partners. Shares classified as investment securities are exposed to the risk of fluctuations in market prices. The company regularly monitors their fair value and the financial condition of the issuers, which are business partners, and continually reviews its holdings after taking market conditions and its relationships with those business partners into account.」
The company continues to describe the credit risk of operating receivables, market price fluctuation risk of investment securities, interest rate risk of borrowings, liquidity risk, and the respective management measures. - FY2021RestatedAnnual report
「The company uses derivative transactions solely to hedge foreign exchange fluctuation risk on foreign-currency transactions and has a policy of not entering into transactions for speculative purposes. Operating liabilities and borrowings are exposed to liquidity risk, which the company manages by preparing monthly cash flow plans and through other measures.」
The company continues to manage credit, market price, interest rate and liquidity risks relating to financial instruments and to limit the use of derivatives to hedging foreign exchange fluctuation risk. - FY2020RestatedAnnual report
「The company uses derivative transactions solely to hedge foreign exchange fluctuation risk on foreign-currency transactions and has a policy of not entering into transactions for speculative purposes.」
The company continues to manage credit, market price, interest rate and liquidity risks and to limit the use of derivatives to hedging foreign exchange fluctuation risk. - FY2019RestatedAnnual report
「The company uses derivative transactions solely to hedge foreign exchange fluctuation risk on foreign-currency transactions and has a policy of not entering into transactions for speculative purposes.」
The company continues to manage credit, market price, interest rate and liquidity risks, and explicitly states its policy of limiting the use of derivatives to hedging foreign exchange fluctuation risk. - FY2018First statedAnnual report
「Trade notes and accounts receivable, which are operating receivables, are exposed to customers' credit risk. The company seeks to reduce this risk by monitoring the credit standing of its major business partners. Shares classified as investment securities are exposed to the risk of fluctuations in market prices. The company regularly monitors their fair value and the financial condition of the issuers, which are business partners, and continually reviews its holdings after taking market conditions and its relationships with those business partners into account. Borrowings are exposed to interest rate risk. Operating liabilities and borrowings are also exposed to liquidity risk, which the company manages by preparing monthly cash flow plans and through other measures.」
The company describes together the credit risk of operating receivables, market price fluctuation risk of investment securities, interest rate fluctuation risk of borrowings, and liquidity risk of operating liabilities and borrowings, and outlines measures including monitoring credit standing, checking fair values, reviewing holdings, and managing liquidity through monthly cash flow plans.