Investment Limited to Highly Secure Financial Assets and No Speculative Trading
First written in FY2018. 1 of 2 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Company’s Group limits the investment of funds to highly secure financial assets. It raises funds through borrowings from banks and other financial institutions and through the issuance of bonds. Derivatives are used to avoid the risk of exchange-rate fluctuations on foreign-currency transactions, and the Group’s policy is not to engage in speculative transactions.」
The policy of investing only in highly secure financial assets and not engaging in speculative derivatives transactions other than for hedging foreign-exchange risk remains in place. - FY2018First statedAnnual report
「The Group limits the investment of funds to highly secure financial assets. It raises funds through borrowings from banks and other financial institutions and through the issuance of bonds. Derivatives are used to avoid the risk of exchange-rate fluctuations on foreign-currency transactions, and the Group’s policy is not to engage in speculative transactions.」
The policy is to limit investments to highly secure financial assets and use derivatives only to hedge against exchange-rate risk.