Hedging Market Risk Using Foreign Exchange Forwards and Interest Rate Swaps
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2026.
7 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Current consolidated fiscal year Principal method Interest rate swap transactions Long-term borrowings 23,000 21,600 412」
To address interest rate fluctuation risk, the contract amount of interest rate swaps increased from ¥1,958 million in the previous fiscal year to ¥23,243 million, specifying the hedging of long-term borrowings. - FY2022RestatedAnnual report
「Accordingly, the Group seeks to reduce risk through hedging instruments such as forward exchange contracts and interest rate swaps matched to its underlying business needs.」
The company has reaffirmed its policy of using forward exchange contracts and interest rate swaps in line with its underlying business needs to reduce foreign exchange and interest rate fluctuation risk. - FY2021RestatedAnnual report
「Accordingly, the Group seeks to reduce risk through hedging instruments such as forward exchange contracts and interest rate swaps matched to its underlying business needs.」
The company has reaffirmed its policy of hedging foreign exchange and interest rate risk through forward exchange contracts and interest rate swaps matched to its underlying business needs. - FY2018RestatedAnnual report
「Interest rate swap transactions are conducted to mitigate the risk of an increase in interest payments due to interest rate fluctuations. Forward exchange contracts are conducted to avoid risks arising from fluctuations in foreign exchange rates and for other purposes.」
The company has reaffirmed its policy of using interest rate swaps and forward exchange contracts solely to hedge interest rate and foreign exchange risk. - FY2016First statedAnnual report
「Interest rate swap transactions are conducted to mitigate the risk of an increase in interest payments due to interest rate fluctuations. Forward exchange contracts are conducted to avoid risks arising from fluctuations in foreign exchange rates and for other purposes.」
The company limits derivatives to risk-hedging purposes and has a policy of not engaging in speculative transactions.