Default and interest rate fluctuation risks relating to securities
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「To avoid default risk relating to bonds, the Group diversifies its investments based on ratings, while to avoid interest rate fluctuation risk, it does not make long-term investments exceeding 5 years and smooths interest rates through laddered portfolio management.」
The diversification of bond ratings, avoidance of investments exceeding 5 years, and risk management through laddered portfolio management are reiterated. - FY2018RestatedAnnual report
「To avoid default risk relating to bonds, the Group diversifies its investments based on ratings, while to avoid interest rate fluctuation risk, it does not make long-term investments exceeding 5 years and smooths interest rates through laddered portfolio management.」
The diversification of bond ratings, avoidance of investments exceeding 5 years, and risk management through laddered portfolio management are reiterated. - FY2017First statedAnnual report
「In addition, to avoid default risk, bonds classified as securities and investment securities are diversified based on their ratings, while to avoid interest rate fluctuation risk, the Group does not make long-term investments exceeding 5 years and smooths interest rates through laddered portfolio management.」
The company recognizes default and interest rate fluctuation risks relating to bonds and addresses them through rating-based diversification, avoiding investments exceeding 5 years, and laddered portfolio management.