Forward Exchange Contracts Against Foreign Exchange Risk on Imported Raw Materials
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2022: 43 of 67 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company enters into forward foreign exchange transactions to avoid foreign exchange risk associated with importing raw materials and hedges such risk within the scope of its import transactions.」
The company continues to disclose its policy of hedging foreign exchange fluctuations relating to imported raw materials using forward foreign exchange contracts and other instruments. - FY2017RestatedAnnual report
「The company enters into forward foreign exchange transactions to avoid foreign exchange risk associated with importing raw materials and hedges such risk within the scope of its import transactions.」
The company has reiterated its policy of hedging foreign exchange fluctuations on imported raw materials using forward foreign exchange contracts. At the end of the fiscal year, the contract amount of forward foreign exchange contracts was ¥158 million and their fair value was negative ¥2 million. - FY2016First statedAnnual report
「The company enters into forward foreign exchange transactions to avoid foreign exchange risk associated with importing raw materials and hedges such risk within the scope of its import transactions.」
A portion of foreign-currency-denominated operating payables is hedged using forward foreign exchange contracts and foreign currency deposits.