Hedging Market Risk Through Interest Rate Swaps and Forward Exchange Contracts
First written in FY2019. 4 of 8 entries say "Restated". Latest entry: FY2025.
49 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The derivatives used by the Group comprise interest rate swaps for hedging the risk of changes in interest payments on borrowings and bonds, and foreign exchange contracts and currency swaps for hedging foreign exchange risk associated with foreign-currency-denominated operating investment assets, financial assets, and operating receivables and payables. As of the end of the consolidated fiscal year, the Group used interest rate swaps.」
The policy of using interest rate swaps, foreign exchange contracts and currency swaps to hedge market risk remains in place. - FY2024RestatedAnnual report
「The derivatives used by the Group comprise interest rate swaps for hedging the risk of changes in interest payments on borrowings and bonds, and foreign exchange contracts and currency swaps for hedging foreign exchange risk associated with foreign-currency-denominated operating investment assets, financial assets, and operating receivables and payables.」
The policy of using interest rate swaps, foreign exchange contracts and currency swaps to hedge market risk continues to be disclosed. - FY2023Interest rate swap contract amount decreasedAnnual report
「Long-term borrowings 1,120,401 1,072,689 (Note)」
The policy of hedging interest rate risk remains in place, and interest rate swap contracts totaled ¥1,120.401 million, of which ¥1,072.689 million had maturities exceeding 1 year. - FY2023Interest rate swap contract amount decreasedAnnual report
「Interest rate swap transactions Receive floating rate, pay fixed rate Long-term borrowings 1,478,407 1,419,575 (Note)」
The policy of hedging interest rate risk remains in place, but at the end of the fiscal year, interest rate swap contracts totaled ¥1,478.407 million, of which ¥1,419.575 million had maturities exceeding 1 year. - FY2023-Q1RestatedAnnual report
「The outlook remains uncertain due to Russia's invasion of Ukraine and economic sanctions against Russia, US rate hikes, and the sharp depreciation of the yen.」
Although uncertainty in the market environment, including interest rates and foreign exchange, has increased, this filing does not describe any new changes to hedging transactions such as interest rate swaps. - FY2021Interest rate swap contract amount decreasedAnnual report
「Interest rate swap transactions Receive floating rate, pay fixed rate Long-term borrowings 2,382,001 2,289,025 (Note)」
The policy of hedging interest rate risk remains in place, but at the end of the fiscal year, interest rate swap contracts totaled ¥2,382.001 million, of which ¥2,289.025 million had maturities exceeding 1 year. - FY2020RestatedAnnual report
「The derivatives used by the Group comprise interest rate swaps for hedging the risk of changes in interest payments on borrowings and bonds, and foreign exchange contracts and currency swaps for hedging foreign exchange risk associated with foreign-currency-denominated operating investment assets, financial assets, and operating receivables and payables. As of the end of the consolidated fiscal year, the Group used interest rate swaps.」
The policy of hedging market risk with interest rate swaps, foreign exchange contracts and currency swaps remains in place. Interest rate swap contract amounts and other balances at the end of FY2020 totaled ¥2,666.681 million. - FY2019First statedAnnual report
「The derivatives used by the Group comprise interest rate swaps for hedging the risk of changes in interest payments on borrowings and bonds, and foreign exchange contracts and currency swaps for hedging foreign exchange risk associated with foreign-currency-denominated operating investment assets, financial assets, and operating receivables and payables. As of the end of the consolidated fiscal year, the Group used interest rate swaps.」
The filing describes the hedging policy and implementation status using interest rate swaps, foreign exchange contracts and currency swaps for interest rate risk on borrowings and foreign exchange risk on foreign-currency-denominated assets, receivables and payables.