Interest Rate and Foreign Exchange Hedging Policy
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2022.
87 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「In arranging long-term financing, the Company seeks to reduce funding costs while fixing interest rates to avoid exposure to excessive interest rate volatility.」
Based on its previous policy on the use of derivatives, the Company continues its policy of managing interest rate risk by fixing interest rates and pursuing an optimal capital structure. - FY2021ReframedAnnual report
「In arranging long-term financing, the Company seeks to reduce funding costs while fixing interest rates to avoid exposure to excessive interest rate volatility. It pursues an optimal capital structure after comprehensively considering the impact on financial indicators such as the equity ratio, ROE and ROIC.」
The disclosure has been reorganized from its previous focus on interest rate swaps to the fixing of interest rates on long-term financing and capital structure management based on financial indicators. No interest rate swap transactions were applicable at the end of the fiscal year. - FY2018RestatedAnnual report
「The Company hedges interest rate and foreign exchange risk relating to hedged items in accordance with its internal rules governing derivatives transactions.」
The Company continues its policy of using interest rate swaps and foreign exchange forward contracts solely to hedge interest rate and foreign exchange risk, rather than for speculative purposes. - FY2017RestatedAnnual report
「The Company hedges interest rate and foreign exchange risk relating to hedged items in accordance with its internal rules governing derivatives transactions.」
The Company continues its policy of using interest rate swaps and foreign exchange forward contracts solely to hedge interest rate and foreign exchange risk, not for speculative purposes. - FY2016First statedAnnual report
「The Company hedges interest rate and foreign exchange risk relating to hedged items in accordance with its internal rules governing derivatives transactions.」
The Company uses interest rate swaps and foreign exchange forward contracts solely to hedge interest rate and foreign exchange risk, not for speculative purposes.