Managing Foreign Exchange Risk through Forward Contracts and Currency Swaps
First written in FY2017. 5 of 6 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024RestatedAnnual report
「The company enters into forward exchange contracts as necessary to hedge the risk of future exchange-rate fluctuations on some receivables arising from base paper supply transactions and to fix cash flows in yen. Overseas consolidated subsidiaries enter into currency swap transactions as necessary to hedge the risk of future exchange-rate fluctuations on borrowings and interest and to fix cash flows in local currencies.」
The company continues its policy of hedging foreign exchange risk through forward exchange contracts and currency swaps. No derivative transactions were applicable at the end of the fiscal year, according to the disclosure. - FY2022RestatedAnnual report
「The Company enters into forward exchange contracts for some receivables arising from transactions to supply base paper, with the aim of hedging the risk of future exchange-rate fluctuations and fixing cash flows in yen. Overseas consolidated subsidiaries enter into currency swap transactions for borrowings and interest, with the aim of hedging the risk of future exchange-rate fluctuations and fixing cash flows in local currencies.」
The company continues its policy of hedging foreign exchange risk through forward exchange contracts and currency swaps. - FY2021RestatedAnnual report
「The Company enters into forward exchange contracts for some receivables arising from transactions to supply base paper, with the aim of hedging the risk of future exchange-rate fluctuations and fixing cash flows in yen. Overseas consolidated subsidiaries enter into currency swap transactions for borrowings and interest, with the aim of hedging the risk of future exchange-rate fluctuations and fixing cash flows in local currencies.」
The company continues its policy of hedging foreign exchange risk through forward exchange contracts and currency swaps. - FY2019RestatedAnnual report
「The Company enters into forward exchange contracts for some receivables arising from transactions to supply base paper, with the aim of hedging the risk of future exchange-rate fluctuations and fixing cash flows in yen. Overseas consolidated subsidiaries enter into currency swap transactions for borrowings and interest, with the aim of hedging the risk of future exchange-rate fluctuations and fixing cash flows in local currencies.」
The company continues its policy of hedging foreign exchange risk through forward exchange contracts and currency swaps. - FY2018RestatedAnnual report
「The Company enters into forward exchange contracts for some receivables arising from transactions to supply base paper, with the aim of hedging the risk of future exchange-rate fluctuations and fixing cash flows in yen. Overseas consolidated subsidiaries enter into currency swap transactions for borrowings and interest, with the aim of hedging the risk of future exchange-rate fluctuations and fixing cash flows in local currencies.」
The company continues its policy of hedging foreign exchange risk related to base paper supply transactions and borrowings and interest on loans of overseas subsidiaries through forward exchange contracts and currency swaps. - FY2017First statedAnnual report
「The Group enters into forward exchange contracts for some receivables arising from transactions to supply base paper, with the aim of hedging the risk of future exchange-rate fluctuations and fixing cash flows in yen. Overseas consolidated subsidiaries enter into currency swap transactions for borrowings and interest, with the aim of hedging the risk of future exchange-rate fluctuations and fixing cash flows in local currencies.」
The Company has for the first time documented specific measures to hedge foreign exchange risk using forward exchange contracts and currency swaps for base-paper supply transactions and borrowings and interest at overseas subsidiaries.