Hedging Foreign Exchange Risk in Import Transactions with Forward Exchange Contracts
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 43 of 67 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For foreign-currency-denominated operating liabilities, we generally use forward exchange contracts to hedge the risk of exchange-rate fluctuations identified by currency and month.」
The company continues to monitor foreign-exchange risk associated with import transactions by currency and month and hedge it through forward exchange contracts. - 2026-09-02RestatedGeneral Meetings of Shareholders
「For foreign-currency-denominated operating liabilities, we generally use forward exchange contracts to hedge the risk of exchange-rate fluctuations identified by currency and month.」
The policy of generally using forward exchange contracts to hedge exchange-rate fluctuation risk associated with foreign-currency-denominated operating liabilities has been reconfirmed. - FY2024ReframedAnnual report
「We seek to mitigate the impact of exchange-rate fluctuations through forward exchange contracts, derivatives and other means, but unforeseen circumstances arising from unexpected, significant exchange-rate movements could affect our operating results.」
The explanation of how the company addresses foreign-exchange risk associated with import transactions has expanded from one centered on forward exchange contracts to one covering forward contracts, derivatives and other instruments. - FY2021RestatedAnnual report
「For foreign-currency-denominated operating liabilities, we generally use forward exchange contracts to hedge the risk of exchange-rate fluctuations identified by currency and month.」
The policy of identifying foreign exchange risk arising from import transactions by currency and month and generally hedging it with forward exchange contracts remains in place. - FY2019First statedAnnual report
「For foreign-currency-denominated operating liabilities, we generally use forward exchange contracts to hedge the risk of exchange-rate fluctuations identified by currency and month.」
The company has stated for the first time its specific management approach of identifying foreign exchange risk by currency and month for foreign-currency-denominated operating liabilities arising from imports of feed ingredients and other products, and generally hedging that risk with forward exchange contracts.