Foreign exchange hedging for foreign-currency-denominated imports
First written in FY2016. 6 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 51 of 81 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2026Lower outstanding forward contracts and higher fair valueAnnual report
「Foreign exchange forward contracts Long US dollars Accounts payable 275,135 105,240 48,637」
The contract amount of US dollar foreign exchange forward contracts against foreign-currency-denominated accounts payable was ¥275.135 million, of which ¥105.240 million was due after more than 1 year. Although the contract amount declined from the previous fiscal year, fair value was ¥48.637 million. - FY2025AdvancedAnnual report
「Foreign exchange forward contracts Long US dollars Accounts payable 440,521 279,374 28,557」
For US dollar foreign exchange forward contracts against foreign-currency-denominated accounts payable, the Company reported a contract amount of ¥440.521 million, of which ¥279.374 million was due after more than 1 year, and a fair value of ¥28.557 million, providing specific disclosure of its hedging activities. - FY2024RestatedAnnual report
「Imports of raw materials and merchandise are denominated in foreign currencies. The Company hedges the risk of fluctuations in foreign exchange rates through forward contracts to mitigate this risk, but significant foreign exchange movements could adversely affect operating performance and financial condition.」
The Company continues its policy of hedging foreign exchange risk relating to foreign-currency-denominated imports through forward contracts. - FY2023RestatedAnnual report
「To hedge the risk of future foreign exchange rate fluctuations relating to foreign-currency-denominated imports, the Company enters into transactions in accordance with its internal regulations and other rules, taking past transaction results into account and responding to current transactions. It does not conduct derivative transactions for the purpose of earning short-term trading gains or for speculative purposes.」
The Company continues its policy of using foreign exchange forward contracts under its internal regulations for foreign-currency-denominated imports, and not using them for speculative purposes. - FY2021RestatedAnnual report
「To hedge the risk of future foreign exchange rate fluctuations relating to foreign-currency-denominated imports, the Company enters into transactions in accordance with its internal regulations and other rules, taking past transaction results into account and responding to current transactions. It does not conduct derivative transactions for the purpose of earning short-term trading gains or for speculative purposes.」
The Company continues its policy of using foreign exchange forward contracts under its internal regulations for foreign-currency-denominated imports, and not using them for speculative purposes. - FY2020RestatedAnnual report
「To hedge the risk of future foreign exchange rate fluctuations relating to foreign-currency-denominated imports, the Company enters into transactions in accordance with its internal regulations and other rules, taking past transaction results into account and responding to current transactions. It does not conduct derivative transactions for the purpose of earning short-term trading gains or for speculative purposes.」
The Company continues its policy of using foreign exchange forward contracts under its internal regulations for foreign-currency-denominated imports, and not using them for speculative purposes. - FY2018RestatedAnnual report
「To hedge the risk of future foreign exchange rate fluctuations relating to foreign-currency-denominated imports, the Company enters into transactions in accordance with its internal regulations and other rules, taking past transaction results into account and responding to current transactions. It does not conduct derivative transactions for the purpose of earning short-term trading gains or for speculative purposes.」
The Company continues its policy of using forward foreign exchange contracts under its internal regulations to hedge foreign exchange risk relating to foreign-currency-denominated imports, and not using them for speculative purposes. - FY2017RestatedAnnual report
「To hedge the risk of future foreign exchange rate fluctuations relating to foreign-currency-denominated imports, the Company enters into transactions in accordance with its internal regulations and other rules, taking past transaction results into account and responding to current transactions. It does not conduct derivative transactions for the purpose of earning short-term trading gains or for speculative purposes.」
The Company continues its policy of using foreign exchange forward contracts under its internal regulations to hedge foreign exchange risk relating to foreign-currency-denominated imports, and not using them for speculative purposes. - FY2016First statedAnnual report
「To hedge the risk of future foreign exchange rate fluctuations relating to foreign-currency-denominated imports, the Company enters into transactions in accordance with its internal regulations and other rules, taking past transaction results into account and responding to current transactions. It does not conduct derivative transactions for the purpose of earning short-term trading gains or for speculative purposes.」
The Company states its policy of using foreign exchange forward contracts under its internal regulations to hedge foreign exchange risk relating to foreign-currency-denominated imports, and not using them for speculative purposes.