Policy of Avoiding Speculative Transactions in the Investment of Surplus Funds
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2020.
45 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「Derivatives transactions are conducted to invest foreign-currency funds collected from trade receivables efficiently over the medium to long term, and the Company has a policy of not engaging in speculative transactions.」
The Company has continued to disclose its policy of not engaging in speculative transactions through derivatives. - FY2018RestatedAnnual report
「Derivatives transactions are conducted to invest foreign-currency funds collected from trade receivables efficiently over the medium to long term, and the Company has a policy of not engaging in speculative transactions.」
The Company has continued to disclose its policy of not engaging in speculative transactions through derivatives. - FY2017First statedAnnual report
「Temporary surplus funds are invested mainly in highly liquid financial assets, while short-term working capital is procured through bank borrowings. Derivatives transactions are conducted to invest foreign-currency funds collected from trade receivables efficiently over the medium to long term, and the Company has a policy of not engaging in speculative transactions.」
The Company has explicitly stated for the first time its policy of investing surplus funds in highly liquid financial assets and not engaging in speculative transactions through derivatives.