Foreign Exchange Risk in Overseas Transactions and Korean Won-Denominated Transactions
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2024RestatedAnnual report
「We plan to hedge the risk of sharp foreign-exchange movements through forward contracts and other measures, but exchange-rate movements exceeding our assumptions may affect our group’s operating results and financial position.」
Continues the policy of centering overseas export transactions on the yen and hedging Korean won-denominated transactions through forward contracts and other measures. - FY2023First statedAnnual report
「Because overseas exports account for a high proportion of our sales, we generally conduct transactions in yen to avoid foreign-exchange risk. Our Korean subsidiary began manufacturing products in 2021, and sales of products manufactured in South Korea to Korean customers are denominated in a foreign currency, the Korean won. We plan to hedge the risk of sharp exchange-rate movements through forward contracts and other measures, but exchange-rate movements exceeding our assumptions may affect our group’s operating results and financial position.」
States that exports are generally denominated in yen, while the Korean subsidiary conducts Korean won-denominated transactions, and that unexpected foreign-exchange movements may affect results and financial position.