Safety-Focused Fund Investment and Non-Speculative Use of Derivatives
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2019: 2 of 23 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Group's cash management is limited to short-term, highly secure deposits and similar instruments, while funding is obtained through bank borrowings and the issuance of short-term corporate bonds (commercial paper). Derivative transactions, such as forward foreign exchange contracts, are used to hedge the risk of exchange-rate fluctuations on foreign-currency transactions, and speculative transactions are not conducted.」
The policy of safety-focused cash management, funding through bank borrowings and commercial paper, and limiting derivative use to foreign exchange hedging has been reconfirmed. - FY2019RestatedAnnual report
「The Group's cash management is limited to short-term, highly secure deposits and similar instruments, while funding is obtained through bank borrowings and the issuance of short-term corporate bonds (commercial paper). Derivative transactions, such as forward foreign exchange contracts, are used to hedge the risk of exchange-rate fluctuations on foreign-currency transactions, and speculative transactions are not conducted.」
The policy of using highly secure instruments for cash management, obtaining funding through bank borrowings and commercial paper, and limiting derivative use to foreign exchange hedging has been reconfirmed. - FY2018RestatedAnnual report
「The Group's cash management is limited to short-term, highly secure deposits and similar instruments, while funding is obtained through bank borrowings and the issuance of short-term corporate bonds (commercial paper). Derivative transactions, such as forward foreign exchange contracts, are used to hedge the risk of exchange-rate fluctuations on foreign-currency transactions, and speculative transactions are not conducted.」
The policy of using highly secure instruments for cash management, obtaining funding through bank borrowings and commercial paper, and limiting derivative use to foreign exchange hedging has been reconfirmed. - FY2017RestatedAnnual report
「The Group's cash management is limited to short-term, highly secure deposits and similar instruments, while funding is obtained through bank borrowings and the issuance of short-term corporate bonds (commercial paper). Derivative transactions, such as forward foreign exchange contracts, are used to hedge the risk of exchange-rate fluctuations on foreign-currency transactions, and speculative transactions are not conducted.」
The policy of limiting cash management to highly secure instruments and derivative use to hedging foreign exchange risk has been reconfirmed. - FY2016First statedAnnual report
「Cash management is limited to short-term, highly secure deposits and similar instruments, while funding is obtained through bank borrowings and the issuance of short-term corporate bonds (commercial paper). Derivative transactions, such as forward foreign exchange contracts, are used to hedge the risk of exchange-rate fluctuations on foreign-currency transactions, and speculative transactions are not conducted.」
Cash management is limited to highly secure deposits and similar instruments, and forward foreign exchange contracts and similar instruments are used solely for hedging purposes.