Foreign Exchange Fluctuation Risk Associated with Raw Material Imports and Hedging with Forward Exchange Contracts
First written in FY2018. 6 of 8 entries say "Restated". Latest entry: 2026-08-06.
The whole theme swung hardest in 2022: 33 of 58 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- 2026-08-06RestatedEarnings
「The trend toward yen depreciation continued amid soaring raw material and energy prices.」
The company continues to cite foreign exchange and cost conditions related to imported raw materials as sources of uncertainty. - FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy continued to face unstable global conditions, soaring raw material and energy prices, and a weakening trend in the yen.」
Continues to describe the foreign exchange and cost environment of surging raw material and energy prices and continued yen depreciation. - FY2024-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's domestic economic outlook became uncertain as unstable global conditions continued, raw material and energy prices soared, the yen continued to weaken and prices continued to rise.」
Continues to describe the external environment of surging raw material and energy prices and continued yen depreciation as environmental factors related to foreign exchange risk. - FY2023-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy began to show signs of recovery, particularly in private consumption, as efforts to balance COVID-19 measures with economic activity progressed. However, amid continuing instability in global conditions, soaring raw material and energy prices, and sharp exchange-rate fluctuations, prices continued to rise, leaving the outlook uncertain.」
Continues to describe the uncertain outlook caused by surging raw material and energy prices and sharp foreign exchange fluctuations. - FY2023-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy began to show signs of recovery, particularly in private consumption, as efforts to balance COVID-19 measures with economic activity progressed. However, amid continuing instability in global conditions, soaring raw material and energy prices, and sharp exchange-rate fluctuations, prices continued to rise, leaving the outlook uncertain.」
Continues to describe the uncertain outlook caused by surging raw material and energy prices and sharp foreign exchange fluctuations. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy began to show signs of recovery, particularly in private consumption, as efforts to balance COVID-19 measures with economic activity progressed. However, amid continuing instability in global conditions, soaring raw material and energy prices, and sharp exchange-rate fluctuations, prices continued to rise, leaving the outlook uncertain.」
Although the wording has changed from the previous fiscal year’s “rapid yen depreciation” to “sharp foreign exchange fluctuations,” it continues to describe the uncertain outlook caused by foreign exchange movements. - FY2022WorsenedAnnual report
「During the fiscal year under review, amid the continued spread of COVID-19, raw material and energy prices rose and the yen depreciated sharply following the start of Russia's military invasion of Ukraine, among other factors. As prices began to increase, conditions both in Japan and overseas became uncertain and unpredictable.」
In connection with foreign exchange risk associated with raw material imports and other transactions, describes rapid yen depreciation as a change in the external environment. - FY2018First statedAnnual report
「Certain foreign-currency-denominated accounts payable are exposed to foreign exchange risk, but as a general rule we hedge this risk using forward exchange contracts.」
For the first time, creates a thread on the foreign exchange risk associated with foreign-currency-denominated accounts payable arising from raw material imports and other transactions, and the policy of hedging with forward exchange contracts.