Foreign Exchange Risk Hedging
First written in FY2017-Q3. 3 of 14 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2027-H1.
The whole theme swung hardest in 2019: 29 of 54 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2027-H1Reduction in short forward positions in Chinese yuan and valuation gainsAnnual report
「First half of the current consolidated fiscal year (30 September 2026) Category Type of transaction Contract amount, etc. (¥ millions) Of which contract amount, etc. extending beyond one year (¥ millions) Fair value (¥ millions) Valuation gain (loss) (¥ millions) Transactions other than market transactions Forward exchange contracts Short Renminbi 151 － 1 1 Total 151 － 1 1」
The renminbi short forward exchange contracts decreased from ¥1,388 million at the end of the previous fiscal year to ¥151 million, while fair value and valuation gain (loss) were positive ¥1 million. - FY2026AdvancedAnnual report
「Transactions other than market transactions Forward exchange contracts Short Renminbi ¥1,388 million Fair value △¥11 million Valuation gain (loss) △¥11 million」
Although there were no applicable derivatives transactions at the end of the previous interim period, the company recorded ¥1,388 million in renminbi short forward exchange contracts at the end of the current fiscal year and resumed its foreign exchange hedging. - FY2025-H1DroppedAnnual report
「First half of the current consolidated fiscal year (30 September 2024) There are no applicable matters.」
Regarding the renminbi short forward exchange contracts disclosed at the end of the previous fiscal year, there were no applicable derivatives transactions at the end of the current interim period. - FY2024US dollar forwards eliminated and renminbi forwards reducedAnnual report
「Transactions other than market transactions Forward exchange contracts Short Renminbi ¥648 million － △¥2 million △¥2 million」
The short forward exchange contracts changed from US dollar contracts of ¥405 million and renminbi contracts of ¥1,557 million at the end of the previous fiscal year to only renminbi contracts of ¥648 million at the end of the current fiscal year, changing the hedging currency and scale. - FY2024-Q2Increase in US dollar forwards and reduction in renminbi forwardsAnnual report
「Short US dollar 2,298 － △67 △67 Short Renminbi 503 － △43 △43 Total 2,801 － △110 △110」
The forward exchange contracts increased from US dollar contracts of ¥405 million and renminbi contracts of ¥1,557 million at the end of the previous fiscal year to US dollar contracts of ¥2,298 million at the end of the quarter, while renminbi contracts decreased to ¥503 million. The composition of the hedges by currency has changed. - FY2023Reduction in renminbi forwards and addition of US dollar forwardsAnnual report
「Transactions other than market transactions Forward exchange contracts Short US dollar 405,780 － △7,356 △7,356 Short Renminbi 1,557,002 － △31,728 △31,728 Total 1,962,782 － △39,084 △39,084」
The renminbi short forward exchange contracts decreased from ¥1,986 million at the end of the previous fiscal year to ¥1,557 million, while newly disclosed US dollar short forward exchange contracts amounted to ¥405.8 million. - FY2023-Q2Reduction in renminbi short forward exchange contractsAnnual report
「Second quarter of the current consolidated fiscal year (30 September 2022) Category Type of transaction Contract amount, etc. (¥ thousands) Of which contract amount, etc. extending beyond one year (¥ thousands) Fair value (¥ thousands) Valuation gain (loss) (¥ thousands) Transactions other than market transactions Forward exchange contracts Short Renminbi 499,500 － △46,247 △46,247」
The renminbi short forward exchange contracts decreased from ¥1,986 million at the end of the previous fiscal year to ¥499.5 million, changing the scale of the foreign exchange hedging transactions. - FY2022AdvancedAnnual report
「Current consolidated fiscal year (31 March 2022)…Forward exchange contracts Short Renminbi 1,986,388 Fair value △28,225 Valuation gain (loss) △28,225」
From the position of reporting no derivatives transactions at the end of the previous quarter, the company recorded a ¥1,986 million renminbi short forward exchange contract and resumed its foreign exchange hedging. - FY2022-Q2No derivatives transactions at the end of the quarterAnnual report
「Second quarter of the current consolidated fiscal year (30 September 2021) There are no applicable matters.」
Regarding the renminbi short forward exchange contract disclosed at the end of the previous consolidated fiscal year, the company states that there were no applicable derivatives transactions at the end of the quarter. - FY2021-Q2Reduction in the scale of currency option transactionsAnnual report
「Transactions other than market transactions Currency option transactions Long USD 1,077,400 Short USD 1,077,400 Total 2,154,800 — 9,508 9,508」
For currency option transactions, long and short positions of ¥1,077.400 million each, totaling ¥2,154.800 million, were recorded. The transaction scale decreased from the previously disclosed ¥2,132.086 million for each position. - FY2020-Q2AdvancedAnnual report
「Currency-related Currency derivatives have become important to the operation of the business of the corporate group, and significant changes have been recognized compared with the end of the previous consolidated fiscal year. Transactions other than market transactions Currency option transactions Long USD 2,132,086 Short USD 2,132,086」
The disclosure states that, in addition to the existing foreign exchange risk measures, USD currency option transactions were undertaken, with long and short positions of ¥2,132 million each. - FY2019RestatedAnnual report
「We will continue to mitigate risk through currency-by-currency matching of receivables and payables, forward exchange contracts and other measures, while also working to build a more resilient business structure that is less affected by foreign exchange movements.」
Measures to address foreign exchange risk through matching monetary receivables and payables by currency and using forward exchange contracts continue. - FY2017RestatedAnnual report
「We will continue to mitigate risk through currency-by-currency matching of receivables and payables, forward exchange contracts and other measures, while also working to build a more resilient business structure that is less affected by foreign exchange movements.」
Measures to address foreign exchange risk through matching monetary receivables and payables by currency and using forward exchange contracts continue. - FY2017-Q3First statedAnnual report
「Meanwhile, hedging foreign exchange risk improved non-operating income and expenses, resulting in ordinary profit of ¥1,340 million, up 2.8% year on year.」
The company discloses for the first time that it hedged foreign exchange risk as a specific measure to address currency fluctuation risk, improving non-operating income and expenses.