Hedging Foreign Exchange and Interest Rate Risk
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2019.
49 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「We enter into forward foreign exchange contracts to hedge the foreign exchange risk associated with these forecast transactions denominated in foreign currencies and the related assets and liabilities, although these derivative transactions may not eliminate all risks.」
The company continues to state its policy of using forward foreign exchange contracts and interest rate swaps solely to reduce risk, while explaining that risk cannot be completely hedged. - FY2017RestatedAnnual report
「We enter into forward foreign exchange contracts to hedge the foreign exchange risk associated with these forecast transactions denominated in foreign currencies and the related assets and liabilities, although these derivative transactions may not eliminate all risks.」
The company continues to reduce risk through forward foreign exchange contracts, but explains that not all foreign exchange risk can necessarily be hedged. - FY2016First statedAnnual report
「We use derivative transactions only to reduce interest rate and foreign exchange risk arising from our business activities.」
Interest rate swaps and forward foreign exchange contracts are used solely to reduce interest rate and foreign exchange risk.