Decline in Securities Prices
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2024.
Osg moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2019: 53 of 135 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「Securities and investment securities consist mainly of shares in companies with which we have business relationships and are exposed to the risk of fluctuations in market prices.」
The risk of declining securities prices is described under market risk management for financial instruments, rather than under the previous section on business and other risks. - FY2017RestatedAnnual report
「Our group holds equities and other securities, and a decline in the prices of these securities may affect our group's business results and financial condition.」
The company reiterates the risk of declines in the prices of securities held. - FY2016First statedAnnual report
「Our group holds equities and other securities, and a decline in the prices of these securities may affect our group's business results and financial condition.」
For the first time, the company explicitly identifies the possibility that declines in the prices of its holdings, including equities, could affect business results and financial condition as a risk.