Investment Securities Risk from Fluctuations in Equity, Bond and Other Markets
First written in FY2018. 1 of 3 entries say "Mitigated", first in FY2019. Latest entry: FY2021.
The whole theme swung hardest in 2019: 53 of 135 companies on the "Worse" side.
60 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「We review the trading and investment status of each individual stock and bond we hold, comprehensively considering the holding risk, unrealized gains or losses and investment returns in light of the performance and financial condition of the investee companies, and determine whether to continue holding or newly acquire each investment.」
The policy of managing market fluctuation risk in investment securities by reviewing the holding and investment status of each individual issue continues. - FY2019MitigatedAnnual report
「Marketable securities and investment securities are exposed to the risk of fluctuations in market prices. However, the Group avoids speculative investment and maintains safety through diversified investments. It also monitors fair values on a timely basis.」
In addition to the continuing risk of fluctuations in market prices, specific management measures were described, including avoiding speculative investment, diversifying investments and monitoring fair values. - FY2018First statedAnnual report
「Because the Group invests in investment securities, market trends may affect the Group’s earnings and financial position.」
The risk of fluctuations in equity, bond and other markets associated with the management of investment securities is explicitly identified as a business and other risk.