Hedging Foreign-Currency Transaction Risk with Forward Exchange Contracts
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「In addition to negotiating transactions denominated in yen or other specific currencies with business partners, our group works to mitigate exchange-rate risk on foreign-currency transactions through hedging transactions such as forward exchange contracts.」
In addition to negotiating yen-denominated transactions and hedging through forward exchange contracts and other instruments, the company describes foreign-exchange measures including monitoring major currencies and reflecting exchange-rate movements in selling prices. - FY2018RestatedAnnual report
「We hedge risks from exchange-rate fluctuations through measures such as forward exchange contracts. However, if these measures are insufficient, the group's financial condition, operating results, and creditworthiness may be affected.」
The policy of hedging foreign-currency transaction risk through forward exchange contracts has been reiterated. - FY2017First statedAnnual report
「We hedge risks from exchange-rate fluctuations through measures such as forward exchange contracts. However, if these measures are insufficient, the group's financial condition, operating results, and creditworthiness may be affected.」
We hedge exchange-rate risk associated with the increase in foreign-currency transactions through forward exchange contracts.