レバレッジ効果
The Company and certain consolidated subsidiaries utilize derivative financial instruments to hedge interest rate fluctuation risk of long-term borrowings and foreign currency exchange rate fluctuation risk arising from the export and import transactions denominated in foreign
デリバティブ取引は、当社および一部の連結 子会社において、長期借入金の金利変動リスクおよび外貨建輸出入取引の為替変動リスクを回避するために利用し、 投機目的の取引および レバレッジ効果 の 高 い取引は行わない方針である。
The Company and certain subsidiaries use derivatives to mitigate the risks of interest rate fluctuations associated with long-term loans and exchange rate fluctuations associated with foreign currency transactions.
[. ] reforming of overcapacities in China and especially a persisting significant leverage of レバレッジ効果 speculative liquidities [. ]
[. ] を導入したとしても、例えば、レポ取引の回数を増やすことによりレバレッジを大きく高 めることが可能であり、過剰な レバレッジ や プ ロシクリカリティの抑 制 効果 が 限 定的とな る可能性があることに言及しておきたい。
The レバレッジ効果 significance of introducing minimum regulatory haircuts can be understood. However, it is to be noted that, even if a minimum haircut is introduced, leverage can be increased, for example, by increasing the
However, the challenge they are facing now is that due to the rapid increases in production, prices are declining, and it is becoming more difficult for farmers to find buyers for their products.
Extracts such as "the Company will normally invest only in property that is currently in use and will not invest in development projects" and "the Company will only borrow from qualified institutional investors—up to a limit of ¥1 trillion" indicate that these real estate investment trusts' cashflow comes
なお、算定結果の客観性を担保する観点から、マーケット・アプローチによる評価も検討されておりま すが、類似会社と評価対象事業とでは 、 レバレッジ の 程 度が異なるため 、 レバレッジ 規 制 に伴う経営環 境の変化による影響も異なると考えられることから、評価対象事業固有の性質を反映させる観点から、 マーケット・アプローチは適合しないと判断され同アプローチは採用されておりません。
Now, based on the point of view that the objectivity of the calculations results must be ensured, a market-approach evaluation also has been considered, but because the degree of leverage varies between レバレッジ効果 comparable peer companies and the operation targeted for evaluation, the management environment changes concomitant with the new leverage regulations could also vary; thus the market approach was determined to be レバレッジ効果 unsuitable as it would not reflect the nature of the individual operation targeted for evaluation and therefore was not adopted.
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