Currency fluctuation risk and hedging
First written in FY2016. 8 of 10 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 14 of 31 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, the Group's business environment remained uncertain, although the economy was on a moderate recovery trend owing to improvements in corporate earnings and employment and income conditions, among other factors, amid sharp exchange-rate fluctuations, continued price increases, and geopolitical risks related to the situations in Ukraine and the Middle East.」
Although no change is indicated in the hedging policy itself regarding forward exchange contracts and other measures, the Company continues to identify sharp foreign exchange fluctuations as a factor contributing to uncertainty in the business environment. - FY2024-Q3RestatedAnnual report
「The Group's business environment remained uncertain, due to persistently high raw fuel and material prices and the continued depreciation of the yen in the foreign exchange market.」
The Company continues to describe an uncertain business environment in which the yen remains on a weakening trend. - FY2024-Q2RestatedAnnual report
「The Group's business environment remained uncertain, due to persistently high raw fuel and material prices and the continued depreciation of the yen in the foreign exchange market.」
The Company continues to describe an uncertain business environment in which the yen continues to trend weaker. - FY2024-Q1RestatedAnnual report
「The Group's business environment remained uncertain, due to persistently high raw fuel and material prices and the continued depreciation of the yen in the foreign exchange market.」
The Company describes a business environment in which the yen continues to trend weaker, instead of the previous reference to sharp foreign exchange fluctuations, and continues to highlight foreign exchange fluctuation risk. - FY2023-Q3RestatedAnnual report
「During the third quarter cumulative period, the business environment surrounding the Group remained uncertain due to sharp fluctuations in exchange rates, soaring raw material and fuel prices, and prolonged geopolitical risks, among other factors.」
The Company continues to identify sharp foreign exchange fluctuations as a factor contributing to uncertainty in the business environment. - FY2023-Q1WorsenedAnnual report
「During the first quarter cumulative period, the business environment surrounding the Group remained uncertain, despite progress toward the normalization of economic and social activity, due to the rapid depreciation of the yen, soaring raw material and fuel prices, and the prolonged geopolitical risks, among other factors.」
The rapid depreciation of the yen is explicitly identified as a factor contributing to uncertainty in the business environment related to foreign exchange fluctuations. - FY2022RestatedAnnual report
「The Company and certain consolidated subsidiaries generally hedge the foreign exchange fluctuation risk identified by currency for foreign-currency-denominated trade receivables and payables using forward exchange contracts.」
The Company continues its policy of hedging foreign exchange fluctuation risk using forward exchange contracts. - FY2018RestatedAnnual report
「The Company is working to mitigate the impact of foreign exchange fluctuations through risk hedges such as forward exchange contracts, but states that it is impossible to eliminate the impact entirely.」
The Company continues to explain its use of hedges such as forward exchange contracts and that the impact cannot be eliminated completely. - FY2017RestatedAnnual report
「The Company is working to mitigate the impact of foreign exchange fluctuations through risk hedges such as forward exchange contracts, but states that it is impossible to eliminate the impact entirely.」
The Company continues to explain its use of hedges such as forward exchange contracts and that the impact cannot be eliminated completely. - FY2016First statedAnnual report
「The Company is working to mitigate the impact of foreign exchange fluctuations through risk hedges such as forward exchange contracts, but states that it is impossible to eliminate the impact entirely.」
The Company seeks to mitigate the impact through forward exchange contracts and other measures, while stating that it cannot eliminate the impact completely.