Foreign Exchange Fluctuation Risk Associated with Exports and Imports and Hedging with Foreign Exchange Forward Contracts
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「The Group uses forward exchange contracts to mitigate these risks, but if exchange rates fluctuate rapidly beyond the level that these contracts can cover, the Group’s results could be affected.」
The structure in which rapid exchange rate fluctuations remain a residual risk while hedging through forward exchange contracts continues was reconfirmed. - FY2017RestatedAnnual report
「The Group uses forward exchange contracts, but if exchange rates fluctuate rapidly beyond the level that these contracts can cover, the Group’s results could be affected.」
While continuing to hedge through forward exchange contracts, the company explicitly identified rapid exchange rate fluctuations beyond the coverage of the hedges as a residual risk. - FY2016First statedAnnual report
「Imports and exports of products and raw materials are a core part of the Group’s business, and foreign-currency-denominated transactions are exposed to foreign exchange fluctuation risk. The Group uses forward exchange contracts to mitigate these risks.」
The company recognizes foreign exchange fluctuation risk arising from foreign-currency-denominated imports and exports and has taken mitigation measures using forward exchange contracts.