Hedging Foreign Exchange and Interest Rate Risk Using Currency Swaps and Interest Rate Swaps
First written in FY2017. 1 of 4 entries say "Restated". Latest entry: FY2023.
Gun Ei Chemical Industry moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 7 of 35 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「• Risk mitigation through foreign exchange forwards and promoting yen-denominated transactions」
The disclosures have changed from the previously stated use of currency swaps and interest rate swaps to measures involving foreign exchange forwards and yen-denominated transactions. - FY2019SoftenedAnnual report
「We enter into interest-rate swap transactions to mitigate the risk of fluctuations in borrowing interest rates.」
While the current fiscal year describes the use of interest rate swaps, it does not explicitly address foreign exchange risk through currency swaps as described in the previous fiscal year. - FY2018RestatedAnnual report
「We enter into currency swap transactions to avoid foreign exchange risk arising from fluctuations in exchange rates on foreign-currency borrowings, and interest rate swap transactions to avoid interest rate risk on borrowings.」
The policy of addressing foreign exchange and interest rate risk through currency swaps and interest rate swaps continues. - FY2017First statedAnnual report
「We enter into currency swap transactions to avoid foreign exchange risk arising from fluctuations in exchange rates on foreign-currency borrowings, and interest rate swap transactions to avoid interest rate risk on borrowings.」
Currency swaps and interest rate swaps are used to address foreign exchange risk and borrowing-rate risk associated with overseas borrowings.