Treasury and Derivatives Policy Prohibiting Speculative Transactions
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2019.
Sun-Wa Technos moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
The whole theme swung hardest in 2019: 3 of 31 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2019SoftenedAnnual report
「The Group limits the investment of funds to short-term deposits and similar instruments, while financing is obtained through bank borrowings. Derivatives are used to avoid the risks described below, and the Group's policy is not to engage in speculative transactions.」
The policy of using derivatives for non-speculative purposes and limiting investments of funds to short-term deposits and similar instruments remains in place, while the description of financing has changed from "bank borrowings and corporate bonds (privately placed bonds)" to "bank borrowings." - FY2018RestatedAnnual report
「The Group limits the investment of funds to short-term deposits and similar instruments, while financing is obtained through bank borrowings and corporate bonds (privately placed bonds). Derivatives are used to avoid the risks described below, and the Group's policy is not to engage in speculative transactions.」
The policy of limiting investments of funds to short-term deposits and similar instruments, obtaining financing through bank borrowings and privately placed bonds, and using derivatives for non-speculative purposes is restated. - FY2017First statedAnnual report
「The Group limits the investment of funds to short-term deposits and similar instruments, while financing is obtained through bank borrowings and corporate bonds (privately placed bonds). Derivatives are used to avoid the risks described below, and the Group's policy is not to engage in speculative transactions.」
The financial policy of limiting investments of funds to short-term deposits and similar instruments, obtaining financing through bank borrowings and privately placed bonds, and using derivatives solely to avoid risk is identified.