Foreign exchange fluctuations associated with procuring solar modules from Chinese manufacturers
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2020.
0 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「Although the company is increasing yen-denominated transactions to avoid this risk, significant exchange-rate fluctuations could affect the group's operating results and financial position.」
While continuing to disclose foreign exchange risk associated with procurement from Chinese manufacturers and others, the company specified increasing yen-denominated transactions as a response measure. - FY2019RestatedAnnual report
「In the group's solar power generation business, solar modules, mounting systems and other items account for a substantial portion of costs, and suppliers are competitively priced Chinese manufacturers. Procurement is therefore affected by foreign exchange movements.」
The company continues to disclose the risk of foreign exchange fluctuations associated with procuring solar-related materials from Chinese manufacturers. - FY2018MitigatedAnnual report
「The Company enters into foreign exchange forward contracts to mitigate the risk of exchange-rate fluctuations associated with foreign-currency-denominated operating liabilities. These contracts are limited to transactions based on underlying demand, and the Company does not engage in derivatives transactions for speculative purposes.」
The company explicitly stated a policy of mitigating foreign exchange risk associated with procurement from Chinese manufacturers and others by using forward exchange contracts based on actual demand. - FY2017RestatedAnnual report
「Because suppliers are competitively priced Chinese manufacturers, procurement is affected by foreign exchange movements. Accordingly, significant exchange-rate fluctuations could affect the group's operating results and financial position.」
The company continues to disclose the impact of foreign exchange fluctuations associated with procuring solar modules and other products from Chinese manufacturers as a risk. - FY2016First statedAnnual report
「In the group's solar power generation business, most solar power generation modules are procured from competitively priced Chinese manufacturers. Because modules account for a substantial portion of costs, fluctuations in purchase prices caused by foreign exchange movements could affect the group's operating results and financial position.」
The group recognizes as a risk the high proportion of solar modules procured from Chinese manufacturers and the resulting fluctuations in purchase prices due to foreign exchange movements.