Managing Earnings and Risk through Integrated Asset-Liability Management
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 8 of 35 companies on the "Worse" side.
13 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Securities decreased by ¥61.4 billion during the fiscal year, to ¥1,132.7 billion at year-end, following the partial sale of bonds and other securities with declining profitability, reinvestment mainly in medium-term bonds, and the sale of investment trusts and other instruments. In light of the ongoing rise in interest rates, the company continued to replace holdings with short- and medium-term bonds and build up its equity portfolio from a medium- to long-term perspective.」
Regarding ALM and securities investment, the company is pursuing portfolio restructuring through the sale of low-yielding bonds and other securities, reinvestment in medium-term bonds, replacement with short- and medium-term bonds, and the buildup of equity assets. - FY2021RestatedAnnual report
「Accordingly, the company conducts asset-liability management (ALM) to appropriately control the balance between earnings and risks in line with its funding and investment policies, taking into account its asset and liability position and trends in financial markets and elsewhere. As part of this, it also conducts derivatives transactions.」
The company continues to manage earnings and risks through ALM, gap analysis, interest-rate sensitivity analysis, BPV, VaR and hedging with derivatives. - FY2020RestatedAnnual report
「Accordingly, the company conducts asset-liability management (ALM) to appropriately control the balance between earnings and risks in line with its funding and investment policies, taking into account its asset and liability position and trends in financial markets and elsewhere. As part of this, it also conducts derivatives transactions.」
The company continues to apply earnings and risk management policies based on ALM, interest-rate sensitivity analysis, BPV and VaR, among other measures. - FY2018RestatedAnnual report
「Given the prolonged low-interest-rate environment resulting from the Bank of Japan's continued monetary easing, the company continued to manage its securities portfolio with safety and liquidity as its basic priorities. At the same time, it pursued portfolio rebalancing toward an earnings structure that is not overly dependent on yen bond yields and worked to minimize the impact of low interest rates on earnings.」
The company continues to manage its portfolio with safety and liquidity as its basic priorities and to rebalance it to avoid excessive dependence on yen bond yields. - FY2017RestatedAnnual report
「The company conducts asset-liability management (ALM) to appropriately control the balance between earnings and risks in line with its funding and investment policies, taking into account its asset and liability position and trends in financial markets and elsewhere. As part of this, it also conducts derivatives transactions.」
The company continues to apply management policies based on ALM, gap analysis, interest-rate sensitivity analysis, BPV and VaR, among other measures. - FY2016First statedAnnual report
「The company conducts asset-liability management (ALM) to appropriately control the balance between earnings and risks in line with its funding and investment policies, taking into account its asset and liability position and trends in financial markets and elsewhere. As part of this, it also conducts derivatives transactions.」
The company describes a management approach involving monthly and daily monitoring using gap analysis, interest-rate sensitivity analysis, BPV and VaR.