Market Price Volatility Risk Affecting Securities and Investment Securities
First written in FY2017. 2 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2019: 54 of 136 companies on the "Worse" side.
- FY2022RestatedAnnual report
「The Board of Directors verifies the results of analyses for each individual security, including the appropriateness of the purpose of holding it and whether the benefits and risks associated with holding it are commensurate with the cost of capital.」
The company has reconfirmed its policy of having the Board of Directors verify, for each cross-held security, the purpose of holding it, its benefits and risks, and their relationship to the cost of capital. - FY2020AdvancedAnnual report
「The company reports the results of its analysis of the rationale for holding each individual security to the Board of Directors and considers such measures as selling holdings when it determines that the significance of holding them is not necessarily sufficient.」
The company continues to verify the rationale for cross-shareholdings and consider sales, and during the current fiscal year sold 1 unlisted security for ¥100.211 million. - FY2019RestatedAnnual report
「Within the group, the accounting department regularly monitors the market value of securities and investment securities, as well as the financial condition of the issuers (business partners), and continuously reviews its holdings in light of its relationships with those business partners.」
The company has reconfirmed its monitoring of market values and issuers' financial condition and its ongoing review of holdings of securities and investment securities. - FY2018MitigatedAnnual report
「Within the group, the accounting department regularly monitors the market value of securities and investment securities, as well as the financial condition of the issuers (business partners), and continuously reviews its holdings in light of its relationships with those business partners.」
The company states that it manages market price fluctuation risk by monitoring market values and issuers' financial condition and continuously reviewing its holdings. - FY2017First statedAnnual report
「Securities and investment securities mainly consist of shares in companies with which we have business relationships and are exposed to the risk of market price fluctuations.」
For shares and other securities of companies with which the company has business relationships, the company has for the first time identified market price fluctuation risk as a separate financial instrument risk.