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Smc (6273) · PolicyRestated

Maintaining a Solid Financial Base and High Ratings

First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2021.

4entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016SoftenedFY2019RestatedFY2020 – FY20212016: 120162017: 020172018: 020182019: 120192020: 120202021: 12021
Same theme, other companies

3 other companies' latest entry also says "Restated".

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  1. FY2021RestatedAnnual report

    「We will further strengthen shareholders’ equity to maintain a strong financial position that will not be shaken by turmoil in financial and economic conditions or sharp exchange-rate fluctuations.」

    The company continues to maintain a strong financial position and strengthen shareholders’ equity. Maintaining high credit ratings remains unstated.
  2. FY2020RestatedAnnual report

    「We will further strengthen shareholders’ equity to maintain a strong financial position that will not be shaken by turmoil in financial and economic conditions or sharp exchange-rate fluctuations.」

    The company has indicated a policy of maintaining a strong financial position and strengthening shareholders’ equity, without explicitly reiterating its previous commitment to maintaining high credit ratings.
  3. FY2019SoftenedAnnual report

    「We will work to further strengthen shareholders’ equity and create an environment that enables smooth financing, with the aim of establishing a strong financial position that will not be shaken by turmoil in financial and economic conditions or sharp exchange-rate fluctuations such as those seen during the 2008 Lehman shock.」

    While the company continues to emphasize a strong financial position and strengthened shareholders’ equity, it no longer explicitly states that it will maintain high credit ratings and instead refers to creating an environment conducive to financing.
  4. FY2016First statedAnnual report

    「We will work to further strengthen shareholders’ equity and maintain high credit ratings, thereby creating an environment that enables smooth financing, with the aim of establishing a strong financial position that will not be shaken by turmoil in financial and economic conditions or sharp exchange-rate fluctuations.」

    The company links strengthening its financial position, reinforcing shareholders’ equity and maintaining high credit ratings to creating an environment conducive to financing.
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Maintaining a Solid Financial Base and High Ratings | SMC CORPORATION (6273) | Komori