Obic (4684) · RiskMitigated
Foreign-Exchange Volatility and Early Cancellation Loss Risks of Long-Term Foreign-Currency Deposits
First written in FY2022. 1 of 2 entries say "Mitigated", first in FY2023-Q2. Latest entry: FY2023-Q2.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Value fluctuation risk of exchange-rate-linked long-term depositsA theme 2 companies write about · 2 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Mitigated".
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
- FY2023-Q2MitigatedAnnual report
「This was mainly attributable to the recording of ¥11,865 million in proceeds from the redemption of time deposits.」
The ¥10,658 million in long-term deposits recorded at the end of the previous fiscal year fell to zero at the end of the second quarter, as the time deposits were redeemed. Exposure to foreign-currency long-term deposits has declined. - FY2022First statedAnnual report
「The long-term deposits are foreign-currency deposits with domestic banks with high credit ratings and include provisions for early termination before maturity. Although fluctuations in foreign exchange rates and the possibility of losses if the Company terminates the deposits early present risks, the Company manages these risks by regularly monitoring foreign exchange rates and interest rate trends.」
For the ¥10,658 million in foreign-currency long-term deposits, the Company explicitly identified for the first time the risk of foreign exchange fluctuations and potential losses upon early termination, with regular monitoring of foreign exchange rates and interest rate trends as its risk management measure.