Safety-Focused Fund Management and Prohibition of Speculative Derivatives Trading
First written in FY2020. 4 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 2 of 23 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Derivatives transactions are used to mitigate foreign exchange fluctuation risk associated with foreign-currency-denominated trade receivables and payables. As a matter of principle, such transactions are limited to those arising from actual underlying demand, and the company does not engage in speculative transactions.」
The policy of investing in highly secure financial assets, raising funds through bank borrowings and other means, and limiting foreign exchange derivatives to transactions backed by actual underlying demand continues. - FY2024RestatedAnnual report
「The Group invests funds in highly secure financial assets and finances its operations through bank borrowings and the issuance of corporate bonds. Derivatives transactions are used to mitigate foreign exchange fluctuation risk associated with foreign-currency-denominated trade receivables and payables. As a matter of principle, such transactions are limited to those arising from actual underlying demand, and the Group does not engage in speculative transactions.」
The policy of investing in highly secure financial assets, raising funds through bank borrowings and other means, and limiting derivatives transactions to those backed by actual underlying demand continues. - FY2022RestatedAnnual report
「The Group invests funds in highly secure financial assets and finances its operations through bank borrowings and the issuance of corporate bonds. Derivatives transactions are used to mitigate foreign exchange fluctuation risk associated with foreign-currency-denominated trade receivables and payables. As a matter of principle, such transactions are limited to those arising from actual underlying demand, and the Group does not engage in speculative transactions.」
The policy of investing in highly secure financial assets, raising funds through bank borrowings and other means, and limiting foreign exchange derivatives to transactions backed by actual underlying demand continues. - FY2021RestatedAnnual report
「The Group invests funds in highly secure financial assets and finances its operations through bank borrowings and the issuance of corporate bonds. Derivatives transactions are used to mitigate foreign exchange fluctuation risk associated with foreign-currency-denominated trade receivables and payables. As a matter of principle, such transactions are limited to those arising from actual underlying demand, and the Group does not engage in speculative transactions.」
The policy of investing in highly secure financial assets, raising funds through bank borrowings and corporate bond issuance, and limiting foreign exchange derivatives to transactions backed by actual underlying demand continues. - FY2020First statedAnnual report
「The Group invests funds in highly secure financial assets and finances its operations through bank borrowings and the issuance of corporate bonds. Derivatives transactions are used to mitigate foreign exchange fluctuation risk associated with foreign-currency-denominated trade receivables and payables. As a matter of principle, such transactions are limited to those arising from actual underlying demand, and the Group does not engage in speculative transactions.」
The financial instruments management policy of investing in highly secure financial assets, raising funds through bank borrowings and corporate bond issuance, and limiting foreign exchange derivatives to transactions backed by actual underlying demand was identified as a theme for the first time.