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Lion Office Products Corp. (423A) · RiskExtension of the loan repayment term

Risks of fluctuations in import-related exchange rates and borrowing interest rates

First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2023.

7entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY20232016: 12017: 120172018: 120182019: 120192020: 020202021: 120212022: 120222023: 12023
Same theme, other companies
Market Risk from Foreign-Currency-Denominated Business and Floating-Rate BorrowingsA theme 9 companies write about · 9 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2019: 5 of 7 companies on the "Worse" side.

4 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2023Extension of the loan repayment termAnnual report

    「Borrowings are used mainly to finance key equipment and funds required for operations, and their repayment dates fall within a maximum of 10 years after the balance sheet date.」

    While the policy of managing risks using forward exchange contracts and interest rate swaps continues, the stated maximum repayment period for borrowings has changed from 6–7 years to 10 years.
  2. FY2022RestatedAnnual report

    「Some of these liabilities are denominated in foreign currencies in connection with the import of goods and other items and are exposed to foreign exchange risk. We may enter into forward exchange contracts for some foreign-currency trade payables expected to arise with certainty from forecast import transactions.」

    Continuing the policy of hedging import-related foreign exchange risk using forward exchange contracts and borrowing interest rate fluctuations using interest rate swaps.
  3. FY2021RestatedAnnual report

    「Some of these liabilities are denominated in foreign currencies in connection with the import of goods and other items and are exposed to foreign exchange risk. We enter into forward exchange contracts for some foreign-currency trade payables expected to arise with certainty from forecast import transactions.」

    Continuing the policy of hedging import-related foreign exchange risk using forward exchange contracts.
  4. FY2019RestatedAnnual report

    「Some of these liabilities are denominated in foreign currencies in connection with the import of goods and other items and are exposed to foreign exchange risk. We enter into forward exchange contracts for some foreign-currency trade payables expected to arise with certainty from forecast import transactions.」

    Continuing the policy of hedging foreign exchange risks associated with imports using forward exchange contracts and interest rate swaps.
  5. FY2018RestatedAnnual report

    「We enter into forward exchange contracts for some foreign-currency trade payables. Borrowings and lease obligations related to finance lease transactions are used mainly to finance key equipment and funds required for operations, and their repayment dates fall within a maximum of 6 years after the balance sheet date.」

    Continuing to manage foreign exchange and interest rate risks using forward exchange contracts and other instruments.
  6. FY2017RestatedAnnual report

    「We enter into forward exchange contracts for some foreign-currency trade payables. Borrowings and lease obligations related to finance lease transactions are used mainly to finance key equipment and funds required for operations, and their repayment dates fall within a maximum of 7 years after the balance sheet date.」

    Foreign exchange and interest rate risks are recognized and continue to be hedged using forward exchange contracts and interest rate swaps.
  7. FY2016First statedAnnual report

    「Some of these liabilities are denominated in foreign currencies in connection with the import of goods and other items and are exposed to foreign exchange risk. We enter into forward exchange contracts for some foreign-currency trade payables expected to arise with certainty from forecast import transactions. Borrowings and lease obligations related to finance lease transactions are used mainly to finance key equipment and funds required for operations, and their repayment dates fall within a maximum of 6 years after the balance sheet date.」

    Foreign exchange and interest rate risks are recognized and managed using forward exchange contracts and interest rate swaps.
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Risks of fluctuations in import-related exchange rates and borrowing interest rates | LION OFFICE PRODUCTS CORP. (423A) | Komori