Derivative Hedging of Foreign-Exchange and Interest-Rate Risks
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
49 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「Derivative transactions consist of forward exchange contracts intended to hedge foreign exchange fluctuation risk associated with foreign-currency-denominated receivables and payables, and interest rate swap transactions intended to hedge the risk of fluctuations in interest payments on borrowings. For the hedging instruments and hedged items, hedging policy, methods for evaluating hedge effectiveness and other matters related to hedge accounting, please refer to “4. Matters Related to Accounting Policies, (5) Significant Methods of Hedge Accounting” under “Significant Matters Serving as the Basis for Preparing the Consolidated Financial Statements” above.」
The company continues to use forward exchange contracts and interest rate swaps for risk-hedging purposes and not for speculative purposes. - FY2017First statedAnnual report
「Although we are exposed to foreign exchange fluctuation risk, we hedge within a certain range using forward exchange contracts. Derivative transactions consist of forward exchange contracts intended to hedge foreign exchange fluctuation risk associated with foreign-currency-denominated receivables and payables, and interest rate swap transactions intended to hedge the risk of fluctuations in interest payments on borrowings.」
The company uses forward exchange contracts for foreign-currency-denominated receivables and payables and interest rate swaps for fluctuations in borrowing interest rates, and explains that these transactions are not for speculative purposes.