Hedging Foreign Exchange, Interest Rate and Crude Oil Price Fluctuation Risks Through Derivatives
First written in FY2018. 5 of 13 entries say "Restated". Latest entry: FY2027-H1.
14 other companies' latest entry also says "Other".
- FY2027-H1Sharp increase in outstanding foreign-exchange forward contractsAnnual report
「Foreign-exchange forward contracts Long US dollar 456,593 439 439 Short US dollar 63,524 △29 △29」
The contract amount of foreign-exchange forwards for US dollar purchases increased from ¥230.029 billion at the end of the previous fiscal year to ¥456.593 billion, while the contract amount for sales was ¥63.524 billion. - FY2026Foreign exchange forward contracts moved to valuation gains, and outstanding balances increasedAnnual report
「Foreign exchange forward contracts Long USD 230,029 3,433 3,433 Short USD 39,171 △289 △289」
The contract amount for long USD foreign exchange forward contracts increased to ¥230.029 billion from ¥227.191 billion in the previous fiscal year. Valuation gains or losses shifted from a valuation loss of ¥1.006 billion in the previous fiscal year to a valuation gain of ¥3.433 billion. - FY2026-H1Foreign exchange forwards moved to valuation gains, and balances decreasedAnnual report
「Foreign exchange forward contracts Long USD 216,146 2,546 2,546」
The contract amount for long USD foreign exchange forward contracts decreased from ¥227.191 billion at the end of the previous fiscal year to ¥216.146 billion, while valuation gains or losses shifted from a valuation loss of ¥1.006 billion at the end of the previous fiscal year to a valuation gain of ¥2.546 billion. - FY2025-H1Foreign exchange forwards moved to valuation losses, and balances decreasedAnnual report
「Foreign exchange forward contracts Long USD 173,184 △4,486 △4,486」
The contract amount for long USD foreign exchange forward contracts decreased from ¥178.121 billion at the end of the previous fiscal year to ¥173.184 billion, while fair value and valuation gains or losses changed from a valuation gain of ¥4.043 billion to a valuation loss of ¥4.486 billion. - FY2024Decrease in foreign exchange forward contract balances and change in currenciesAnnual report
「Foreign exchange forward contracts Long USD 178,121 4,043 4,043 CNY 1,173 544 320 320 Short USD 43,454 △719 △719」
In addition to long and short USD positions, long CNY positions under foreign exchange forwards were disclosed. From the previous fiscal year, the contract amount for long USD positions decreased, while that for short positions increased. - FY2024-Q2Increase in foreign exchange forward contract balances and addition of short positionsAnnual report
「Foreign exchange forward contracts Long USD 229,148 6,494 6,494 Short USD 47,558 △865 △865」
For foreign exchange forward contracts, contract amounts and other figures totaled ¥229.148 billion for long positions and ¥47.558 billion for short positions, with both positions disclosed. - FY2023-Q2RestatedAnnual report
「Foreign exchange forward contracts Long USD 240,350 7,642 7,642」
Foreign exchange forward contracts on long USD positions continue to be used to address foreign exchange fluctuations. Contract amounts and other figures totaled ¥240.350 billion, a slight decrease from ¥241.418 billion at the end of the previous consolidated fiscal year. - FY2022-Q2Change in the composition of hedging transactionsAnnual report
「Foreign exchange forward contracts Long USD 177,725 2,996 2,996 Crude oil swaps Fixed purchase/variable sale — — —」
Foreign exchange forward contracts with contract amounts and other figures of ¥177.725 billion were disclosed, while the crude oil swaps reported at the end of the previous consolidated fiscal year had a zero balance at the end of the quarter. - FY2021-Q2RestatedAnnual report
「At the end of the second quarter of the current consolidated accounting period (30 September 2020)」
Derivative transactions, including foreign exchange forward contracts, crude oil futures and product futures, continue to be disclosed, and hedging operations addressing fluctuations in foreign exchange rates, crude oil prices and other factors continue. - FY2020RestatedAnnual report
「Derivative transactions are conducted in accordance with internal management rules specifying transaction authorities and limits, and hedge, within a certain range, the risk of fluctuations in foreign exchange rates, interest rates and prices associated with the hedged items.」
The hedging policy using foreign exchange forward contracts, interest rate swaps, and crude oil and product futures and swaps continues. - FY2020-Q2RestatedAnnual report
「Foreign exchange forward contracts, crude oil futures, product futures and crude oil swaps」
Foreign exchange forward contracts, futures and crude oil swaps continue to be used to address fluctuations in foreign exchange rates, crude oil prices and other factors. - FY2019-Q2RestatedAnnual report
「The items that are important to business operations and have undergone significant changes compared with the end of the previous consolidated fiscal year are as follows.」
Foreign exchange forward contracts and crude oil swap transactions continue to be disclosed, and derivatives continue to be used to address fluctuations in foreign exchange rates and crude oil prices. - FY2018First statedAnnual report
「Derivative transactions are conducted in accordance with internal management rules specifying transaction authorities and limits, based primarily on the principle of actual demand. We do not engage in derivative transactions for speculative purposes.」
A policy of hedging, within a certain range, the risks of fluctuations in foreign exchange rates, interest rates and commodity prices using foreign exchange forward contracts and currency options, interest rate swaps, and crude oil and product futures and swaps was identified as a separate measure.