Derivative Hedging of Interest Rate and Foreign Exchange Risks
First written in FY2018. 1 of 4 entries say "Restated". Latest entry: FY2026.
Prima Meat Packers moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「We use derivative transactions to hedge the risk of exchange-rate fluctuations on forecast foreign-currency-denominated transactions described below, and do not engage in speculative transactions.」
The filing describes derivatives as being used to hedge foreign exchange risk on forecast foreign-currency-denominated transactions, and does not contain the wording on hedging commodity price fluctuations found in the previous fiscal year. - FY2025AdvancedAnnual report
「We use derivative transactions to hedge the risk of exchange-rate fluctuations on forecast foreign-currency-denominated transactions and the risk of fluctuations in commodity prices described below, and do not engage in speculative transactions.」
In addition to the existing interest-rate and foreign exchange hedges, the company explicitly identifies commodity futures transactions as a hedging instrument for fluctuations in commodity prices in its meat business. - FY2019RestatedAnnual report
「We use derivatives to hedge the risk of interest-rate fluctuations on borrowings and the risk of exchange-rate fluctuations on foreign-currency-denominated transactions described below, and do not engage in speculative transactions.」
The company continues to limit the use of interest-rate swaps and foreign exchange forward contracts to hedging interest-rate and foreign exchange risks. - FY2018First statedAnnual report
「We use derivatives to hedge the risk of interest-rate fluctuations on borrowings and the risk of exchange-rate fluctuations on foreign-currency-denominated transactions described below, and do not engage in speculative transactions.」
The company has, for the first time, described interest-rate swaps and foreign exchange forward contracts as a separate measure for hedging interest-rate risk on borrowings and foreign exchange risk on foreign-currency-denominated transactions.