Market fluctuation risk related to investment securities and borrowings
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2026.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The shares classified as investment securities are exposed to the risk of fluctuations in market prices, but are primarily shares in companies with which the Group has business relationships. Their fair values, determined periodically, are also reported to the Board of Directors.」
The market price risk of investment securities and management based on monitoring fair values and the financial condition of issuers are reaffirmed. - FY2023RestatedAnnual report
「The shares and bonds classified as investment securities are exposed to the risk of fluctuations in market prices, but are primarily shares in companies with which the Group has business relationships. Their fair values, determined periodically, are also reported to the Board of Directors.」
The market price risk of investment securities and management based on monitoring fair values and the financial condition of issuers are reaffirmed. - FY2018ReframedAnnual report
「The shares classified as investment securities are exposed to the risk of fluctuations in market prices, but are primarily shares in companies with which the Group has business relationships. Their fair values, determined periodically, are reported to the Board of Directors. To limit the risk of fluctuations in interest payments on short-term borrowings, the Company repays them in full within ４ months of drawdown.」
The market price risk of investment securities continues to be disclosed as before, while the response to interest rate risk on borrowings has changed from the previous description of using fixed-rate long-term borrowings to repaying short-term borrowings in full within 4 months. - FY2017First statedAnnual report
「The shares classified as investment securities are exposed to the risk of fluctuations in market prices, but are primarily shares in companies with which the Group has business relationships. Their fair values, determined periodically, are reported to the Board of Directors. Borrowings are primarily used to finance operating transactions and are exposed to the risk of fluctuations in interest rates. To limit fluctuations in interest payments, the Group generally uses fixed-rate borrowings for long-term debt.」
The risk of fluctuations in the share prices of investment securities and the interest rates on borrowings is disclosed, together with the management methods of reporting fair values to the Board of Directors and using fixed-rate borrowings.