Hedging Foreign Exchange and Interest Rate Fluctuation Risks
First written in FY2017. 2 of 4 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2021.
The whole theme swung hardest in 2026: 7 of 34 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「Derivative transactions are conducted to hedge the risks arising from future fluctuations in foreign exchange rates and interest rates on borrowings, and no speculative transactions are undertaken.」
The Company continues its policy of limiting foreign exchange forwards and interest rate swaps to hedging purposes, and the fiscal year saw a shift from foreign exchange losses to foreign exchange gains. - FY2021-Q2MitigatedAnnual report
「Foreign exchange loss 31,294」
Foreign exchange losses decreased from ¥40.4 million in the same period of the previous year to ¥31.294 million, but no change in the risk management policy itself involving foreign exchange forwards, interest rate swaps and other instruments was indicated. - FY2018RestatedAnnual report
「Derivative transactions are conducted to hedge the risks arising from future fluctuations in foreign exchange rates and interest rates on borrowings, and no speculative transactions are undertaken.」
The Company continues its policy of limiting foreign exchange forwards and interest rate swaps to hedging purposes and not engaging in speculative transactions. - FY2017First statedAnnual report
「Derivative transactions are conducted to hedge the risks arising from future fluctuations in foreign exchange rates and interest rates on borrowings, and no speculative transactions are undertaken. With respect to forward foreign exchange contracts, the Company’s policy is to keep their outstanding balance within the average balance during the period of foreign-currency-denominated trade receivables and payables, in preparation for foreign exchange fluctuation risk associated with exports and imports. With respect to interest rate swaps, the Company’s policy is to conduct transactions within the balance of borrowings in order to reduce interest rate fluctuation risk.」
The Company has disclosed, in a consolidated form for the first time, its policy of limiting foreign exchange forwards and interest rate swaps to hedging purposes and conducting them within the balances of foreign-currency-denominated receivables and payables and borrowings.