Foreign Exchange Risk on Foreign-Currency-Denominated Payments
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025-H1.
3 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no new occurrence or material change concerning foreign exchange fluctuation risk associated with foreign-currency payments. - FY2024First statedAnnual report
「The group makes some payments for services provided by overseas companies, including services provided by Amazon Web Services, Inc., an external cloud server provider, hereinafter “AWS,” in foreign currencies. To mitigate the risk of fluctuations in foreign exchange rates, the group uses forward exchange contracts for some foreign-currency payments. However, if the yen weakens against foreign currencies more than anticipated, this could affect the group's business operations, operating results and financial position.」
The company newly disclosed foreign exchange fluctuation risk arising from foreign-currency payments to overseas providers such as AWS as a standalone risk, and also described its use of forward exchange contracts to address the risk.