Hedging Interest Rate and Foreign Exchange Risk Using Derivatives
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2021.
94 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The Group limits the investment of funds to short-term deposits and similar instruments, and obtains funds mainly through borrowings from banks and other financial institutions. Derivative transactions are conducted within the scope of actual demand in accordance with the Market Risk Management Regulations. No derivative transactions were executed during the current consolidated fiscal year.」
The company continues its risk management policy of limiting derivatives to the scope of actual demand and not engaging in speculative transactions. - FY2019RestatedAnnual report
「Derivatives are used to hedge the risks described below, and it is our policy not to engage in speculative transactions.」
The company continues its policy of limiting interest rate swaps and other instruments to risk-hedging purposes and not engaging in speculative transactions. - FY2018RestatedAnnual report
「Derivatives are used to hedge the risks described below, and it is our policy not to engage in speculative transactions.」
The company continues its policy of using interest rate swaps to hedge interest rate fluctuation risk and not engaging in speculative transactions. - FY2017First statedAnnual report
「Derivatives are used to hedge the risks described below, and it is our policy not to engage in speculative transactions.」
The company’s policy is to hedge interest rate fluctuation risk on borrowings using interest rate swaps and foreign exchange fluctuation risk on foreign-currency borrowings using currency swaps.