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OSAKA Titanium technologies (5726) · InitiativeDecrease in forward-contract balances

Hedging Foreign Exchange and Interest Rate Risk Using Foreign Exchange Forwards and Interest Rate Swaps

First written in FY2019. 3 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.

7entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2019AdvancedFY2020OtherFY2021AdvancedFY2022OtherFY2023AdvancedFY20242019: 120192020: 120202021: 120212022: 120222023: 120232024: 120242025: 020252026: 12026
Same theme, other companies
Derivatives and Hedging Policy for Underlying Commercial Exposure OnlyA theme 125 companies write about · 23 as a headwind · 91 as a tailwind

11 other companies' latest entry also says "Other".

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.
Showing 14 of the 125 companies compared. The sentences above are computed from all 125.
Full recordFilings, disclosures and news, newest first
  1. FY2026Decrease in forward-contract balancesAnnual report

    「Forward exchange transactions Short position: US dollars Trade accounts receivable 9,862」

    The policy of hedging based on underlying business needs was maintained, but the contract amount of forward exchange transactions decreased from ¥10,133 million in the previous fiscal year to ¥9,862 million.
  2. FY2024AdvancedAnnual report

    「Allocation method for forward exchange contracts and other instruments Forward exchange transactions Short position: US dollars Trade accounts receivable 12,882」

    The policy of hedging based on underlying business needs was maintained, and the contract amount of forward exchange transactions increased from ¥6,166 million in the previous fiscal year to ¥12,882 million.
  3. FY2023Slight decrease in outstanding forward exchange contractsAnnual report

    「Allocation method for forward exchange contracts and other instruments Forward exchange transactions Short position: US dollars Trade accounts receivable 6,166」

    The policy of hedging based on underlying business needs was maintained. The contract amount of forward exchange transactions accounted for using the allocation method decreased slightly from ¥6,585 million in the previous fiscal year to ¥6,166 million.
  4. FY2022AdvancedAnnual report

    「Allocation method for forward exchange contracts and other instruments Forward exchange transactions Short position: US dollars Trade accounts receivable 6,585」

    While maintaining its policy of hedging based on underlying business needs, the Company increased the contract amount of forward exchange transactions accounted for using the allocation method from ¥1,193 million in the previous fiscal year to ¥6,585 million.
  5. FY2021Decrease in forward-contract balancesAnnual report

    「Allocation method for forward exchange contracts and other instruments Forward exchange transactions Short position: US dollars Trade accounts receivable 1,193」

    While the policy of hedging based on underlying business needs continued, the contract amount of forward exchange transactions accounted for using the allocation method decreased from ¥10,746 million in the previous fiscal year to ¥1,193 million.
  6. FY2020AdvancedAnnual report

    「Forward exchange transactions Short position: US dollars Trade accounts receivable 10,746」

    The Company continued to hedge based on underlying business needs, and the contract amount of forward exchange transactions increased from ¥5,188 million in the previous fiscal year to ¥10,746 million.
  7. FY2019First statedAnnual report

    「We enter into forward exchange transactions to hedge the risks arising from foreign exchange fluctuations. Such transactions are limited to those based on underlying business needs, and we do not engage in speculative transactions intended to generate trading gains.」

    The Company stated its policy of using forward exchange contracts, interest rate swaps and currency and interest rate swaps for hedging purposes based on underlying business needs, and not engaging in speculative transactions.
Moved together

"Expanding global market share with the titanium business as a core growth driver" moved the same way as this thread, in the same document, in 3 of its 7 moves.

3222★1234
  1. ★This thread
  2. 1Expanding global market share with the titanium business as a core growth driver3×
  3. 2Fluctuations in Titanium Demand Driven by the Aircraft Industry and the Global Economy2×
  4. 3Expansion of the Advanced Functional Materials Business and Development of New Applications2×
  5. 4Technology Development Focused on Quality, Productivity and Cost2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for OSAKA Titanium technologies yet.
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Hedging Foreign Exchange and Interest Rate Risk Using Foreign Exchange Forwards and Interest Rate Swaps | OSAKA Titanium technologies Co.,Ltd. (5726) | Komori