Hedging Import Foreign Exchange Risk with Forward Exchange Contracts
First written in FY2022. 4 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 42 of 66 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To hedge foreign exchange fluctuation risk, the Company enters into forward exchange contracts up to the annual planned amount of purchases of products denominated in foreign currencies, maintaining a foreign exchange contract position at or above a certain hedge ratio. Under its internal management regulations, the Company has established a risk management structure in which the Imported Meat Division executes the transactions and the Accounting Department oversees management.」
The Company continued to use forward exchange contracts and its internal management structure to address foreign exchange fluctuation risk associated with purchases of products denominated in foreign currencies. - 2026-04-30RestatedGeneral Meetings of Shareholders
「To hedge foreign-exchange fluctuation risk, forward exchange contracts are entered into up to the annual planned amount of purchases of goods denominated in foreign currencies, with a hedge ratio of at least a specified level. Under the internal management rules, the Imported Meat Business Division executes the transactions and the Accounting Department oversees their management.」
The Group continued to use forward exchange contracts and an internal management structure to address foreign-exchange risk related to purchases of goods denominated in foreign currencies. - FY2025RestatedAnnual report
「To hedge foreign exchange fluctuation risk, the Company enters into forward exchange contracts up to the annual planned amount of purchases of products denominated in foreign currencies, maintaining a foreign exchange contract position at or above a certain hedge ratio. Under its internal management regulations, the Company has established a risk management structure in which the Imported Meat Division executes the transactions and the Accounting Department oversees management.」
The Company continued to use forward exchange contracts capped at the annual planned amount and its internal management structure to address foreign exchange fluctuation risk associated with purchases of products denominated in foreign currencies. - FY2023RestatedAnnual report
「To hedge foreign exchange fluctuation risk, the Company enters into forward exchange contracts up to the annual planned amount of purchases of products denominated in foreign currencies, maintaining a foreign exchange contract position at or above a certain hedge ratio. Under its internal management regulations, the Company has established a risk management structure in which the Imported Meat Division executes the transactions and the Accounting Department oversees management.」
The Company continued to use forward exchange contracts capped at the annual planned amount and its internal management structure to address foreign exchange fluctuation risk associated with purchases of products denominated in foreign currencies. - FY2022First statedAnnual report
「To hedge foreign exchange fluctuation risk, the Company enters into forward exchange contracts up to the annual planned amount of purchases of products denominated in foreign currencies, maintaining a foreign exchange contract position at or above a certain hedge ratio. Under its internal management regulations, the Company has established a risk management structure in which the Imported Meat Division executes the transactions and the Accounting Department oversees management.」
The Company specifically disclosed forward exchange contracts capped at the annual planned amount and the management structure involving the Imported Meat Division and Accounting Department for foreign exchange fluctuation risk associated with purchases of products denominated in foreign currencies.