Foreign Exchange and Interest Rate Risk Management Using Currency Swaps and Interest Rate Swaps
First written in FY2016. 5 of 8 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 6 of 32 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「As a result of a net reduction of ¥1,100 million in short-term borrowings, new long-term borrowings of ¥1,500 million and scheduled repayments of ¥1,241 million, among other factors, cash used in financing activities was ¥1,210 million, compared with ¥1,827 million provided in the prior-year period.」
For funding capital investment and other needs, short-term borrowings were reduced on a net basis, while new long-term borrowings were raised and repayments were made. - FY2024RestatedAnnual report
「In line with its capital investment plans, the Group primarily procures the necessary funds through borrowings from banks and other financial institutions, while short-term working capital is procured through bank borrowings and the securitisation of trade receivables. Temporary surplus funds are invested in highly secure financial assets, and the Group's policy is not to engage in transactions for speculative purposes.」
The policy of funding capital investment through borrowings, short-term working capital through bank borrowings and the securitisation of trade receivables, and not engaging in speculative transactions was reconfirmed. - FY2023RestatedAnnual report
「In line with its capital investment plans, the Group primarily procures the necessary funds through borrowings from banks and other financial institutions, while short-term working capital is procured through bank borrowings and the securitisation of trade receivables. Temporary surplus funds are invested in highly secure financial assets, and the Group's policy is not to engage in transactions for speculative purposes.」
The policy of funding capital investment through borrowings, short-term working capital through bank borrowings and the securitisation of trade receivables, and not engaging in speculative transactions was reconfirmed. - FY2021RestatedAnnual report
「To mitigate foreign exchange risk, the Group has established foreign exchange risk management rules and a system that enables it to enter into forward foreign exchange contracts and take out foreign-currency-denominated borrowings.」
The Group continued its system of using foreign exchange risk management rules, forward foreign exchange contracts and foreign-currency-denominated borrowings, rather than describing currency and interest rate swaps. Derivative transactions were stated to have no applicable matters. - FY2020ReframedAnnual report
「To mitigate foreign exchange risk, the Group has established foreign exchange risk management rules and a system that enables it to enter into forward foreign exchange contracts and take out foreign-currency-denominated borrowings.」
The disclosure changed from the previous description of hedging using currency and interest rate swaps to a description of the system for using foreign exchange risk management rules, forward foreign exchange contracts and foreign-currency-denominated borrowings. - FY2018DroppedAnnual report
「Not applicable.」
Derivative transactions for the fiscal year were described as having no applicable matters, and the previously disclosed hedging policy using currency and interest rate swaps was not stated explicitly. - FY2017RestatedAnnual report
「Following a resolution by the Board of Directors, the Group hedges, within certain limits, the interest rate and foreign exchange risks associated with hedged items. The Group does not engage in derivative transactions for speculative purposes.」
The hedging policy using currency and interest rate swaps and the non-speculative policy were reconfirmed. - FY2016First statedAnnual report
「Following a resolution by the Board of Directors, the Group hedges, within certain limits, the interest rate and foreign exchange risks associated with hedged items. The Group does not engage in derivative transactions for speculative purposes.」
The Group's policy of hedging risks within certain limits using currency and interest rate swaps based on a resolution of the Board of Directors was described.