Risk of foreign exchange fluctuations and disruptions to overseas remittances
First written in FY2018. 1 of 2 entries say "Restated". Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020RestatedAnnual report
「The company believes that foreign exchange fluctuations will level out over the medium to long term and does not enter into forward exchange contracts or similar arrangements. If transfers among these four countries become difficult to execute smoothly because of changes in the laws, regulations or policies of the respective countries, or major changes in diplomatic relations, the group's operations could be affected, which could in turn affect its business performance and financial position.」
Continues to state the policy of not entering into forward exchange contracts and the risk of disruptions to remittances among Japan, the Philippines, China and the United States. - FY2018First statedAnnual report
「The company believes that foreign exchange fluctuations will level out over the medium to long term and does not enter into forward exchange contracts or similar arrangements. If transfers among these four countries become difficult to execute smoothly because of changes in the laws, regulations or policies of the respective countries, or major changes in diplomatic relations, the group's operations could be affected, which could in turn affect its business performance and financial position.」
States the potential impact of foreign exchange conversion and remittances among Japan, the Philippines, China and the United States, and notes that the company does not enter into forward exchange contracts.