Change in the purpose of holding securities in response to the negative interest rate policy
First written in FY2017. 1 of 6 entries say "Restated". Latest entry: FY2023.
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- FY2023Government bonds reclassified from held-to-maturity to other securitiesAnnual report
「During the consolidated fiscal year, all government bonds previously held to maturity, with a carrying amount on the consolidated balance sheet of ¥1,510 million, were reclassified as other securities. This was due to a change in the Company's fund management policy.」
All ¥1,510 million of government bonds previously held to maturity were reclassified as other securities, and the change in the fund management policy was specifically disclosed. - FY2020Disclosure of changes in the purpose for holding investment securitiesAnnual report
「Investment securities whose holding purpose was changed from purposes other than pure investment to pure investment during the fiscal year」
During the fiscal year, the Company changed the holding purpose of 426,060 shares of Mitsubishi UFJ Financial Group, Inc., with a carrying amount on the balance sheet of ¥171.702 million, from a purpose other than pure investment to pure investment. - FY2020-Q3Increase in the impact of revenue reclassification due to a change in holding classificationAnnual report
「The amount includes an impact of ¥354 million from the reclassification of dividends received on certain investment securities from non-operating income to operating revenue following a change in the classification of those securities.」
The cumulative impact of changing the classification of dividends received due to the reclassification of certain investment securities was ¥354 million. - FY2020-Q2RestatedAnnual report
「The amount includes an impact of ¥225 million from the reclassification of dividends received on certain investment securities from non-operating income to operating revenue following a change in the classification of those securities.」
The ¥225 million impact of changing the classification of dividends received due to the reclassification of certain investment securities continues to be included in operating revenue. - FY2020-Q1Change in revenue classification due to reclassification of investment securitiesAnnual report
「The amount includes an impact of ¥225 million from the reclassification of dividends received on certain investment securities from non-operating income to operating revenue following a change in the classification of those securities.」
In addition to the previous bond reclassification, changing the classification of certain investment securities resulted in dividends received being reclassified from non-operating income to operating revenue. Operating revenue includes an impact of ¥225 million. - FY2017First statedAnnual report
「Bonds previously held to maturity, with a carrying amount on the consolidated balance sheet of ¥40,171 million, have been reclassified as other securities. This was because we determined that the business rationale for continuing to hold them to maturity had declined significantly following the introduction of the negative interest rate policy.」
The Company determined that the rationale for holding bonds to maturity had declined due to the negative interest rate policy and changed their holding purpose from held-to-maturity to other securities.