Mitigating foreign exchange risk through yen-denominated transactions and FX forward contracts
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「For exceptional foreign-currency-denominated transactions, we enter into forward exchange contracts for transactions exceeding a certain size. In addition, we continually work to improve quality and reduce costs in order to provide highly competitive products and services.」
It reaffirms the policy of using forward exchange contracts, improving quality and reducing costs to address foreign-currency-denominated transactions. - FY2022RestatedAnnual report
「For exceptional foreign-currency-denominated transactions, we enter into forward exchange contracts for transactions exceeding a certain size. In addition, we continually work to improve quality and reduce costs in order to provide highly competitive products and services.」
It reaffirms the response of using forward exchange contracts for foreign-currency transactions above a certain size, together with quality improvement and cost reduction. - FY2020ReframedAnnual report
「For exceptional foreign-currency-denominated transactions, we enter into forward exchange contracts for transactions exceeding a certain size. In addition, we continually work to improve quality and reduce costs in order to provide highly competitive products and services.」
In addition to the policy of generally using yen-denominated transactions, it specifies forward exchange contracts for foreign-currency-denominated transactions above a certain size, as well as quality improvement and cost reduction, as measures to address foreign exchange risk. - FY2017RestatedAnnual report
「Our Group conducts transactions with numerous overseas customers. Accordingly, as a measure to mitigate foreign exchange risk, our basic policy is to denominate transactions with overseas customers in yen.」
It reaffirms the policy of using the yen as the basic currency for overseas transactions and entering into forward exchange contracts for foreign-currency-denominated transactions. - FY2016First statedAnnual report
「Our Group conducts transactions with numerous overseas customers. Accordingly, as a measure to mitigate foreign exchange risk, our basic policy is to denominate transactions with overseas customers in yen.」
It states that the basic currency for overseas transactions is the yen and that forward exchange contracts are generally used for exceptional foreign-currency-denominated transactions.