Hedging Foreign Exchange Risk Through Forward Exchange Contracts
First written in FY2016. 6 of 11 entries say "Advanced", first in FY2019. Latest entry: FY2026.
Takakita moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
3 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The hedging instruments and hedged items to which hedge accounting was applied in the current fiscal year are as follows: Hedging instrument...Foreign exchange forward contracts Hedged items...Foreign-currency-denominated receivables arising from exports of products and parts, foreign-currency-denominated accounts payable arising from imports of products and parts, and forecast foreign-currency-denominated transactions」
The currencies covered by the foreign exchange forward contracts expanded from import transactions alone to include foreign-currency-denominated receivables arising from exports. The combined contract amount for US dollar short positions, euro long positions and Chinese yuan long positions was ¥28.291 million. - FY2025SoftenedAnnual report
「Foreign exchange forward contracts Long position US dollars — Fair value: —; euros ¥8.103 million Fair value: negative ¥86,000; total ¥8.103 million Fair value: negative ¥86,000」
Continued hedging with foreign exchange forward contracts, but the contract amount and other details decreased from ¥13.086 million in the previous fiscal year to ¥8.103 million, and the only currency covered was the euro. - FY2024SoftenedAnnual report
「Foreign exchange forward contracts Long position US dollars ¥4.385 million Fair value: ¥216,000; euros ¥8.701 million Fair value: ¥173,000; total ¥13.086 million Fair value: ¥390,000」
Continued hedging with foreign exchange forward contracts, but the contract amount and other details decreased from ¥38.048 million in the previous fiscal year to ¥13.086 million. - FY2023AdvancedAnnual report
「Foreign exchange forward contracts Long position US dollars ¥14.308 million Fair value: negative ¥465,000; euros ¥23.739 million Fair value: ¥701,000; total ¥38.048 million Fair value: ¥236,000」
Continued hedging with foreign exchange forward contracts, with the contract amount and other details increasing from ¥26.996 million in the previous fiscal year to ¥38.048 million. - FY2022AdvancedAnnual report
「Hedging instrument...Foreign exchange forward contracts Hedged items...Foreign-currency-denominated accounts payable arising from imports of products and parts and forecast foreign-currency-denominated transactions ¥2.705 million ¥24.291 million ¥182,000 ¥717,000 Total ¥26.996 million ¥899,000」
Added US dollars to the currencies covered by the foreign exchange forward contracts. The total contract amount and other details reached ¥26.996 million, with a fair value of ¥899,000. This was an increase from the previous fiscal year's contract amount of ¥15.011 million. - FY2021AdvancedAnnual report
「Foreign exchange forward contracts Long position Euro Foreign-currency-denominated accounts payable arising from product imports and forecast foreign-currency-denominated transactions ¥15.011 million ¥186,000」
Continued hedging with foreign exchange forward contracts, with the contract amount and other details increasing from ¥14.383 million in the previous fiscal year to ¥15.011 million and the fair value reaching ¥186,000. - FY2020AdvancedAnnual report
「The hedging instruments and hedged items to which hedge accounting was applied in the current fiscal year are as follows: Hedging instrument...Foreign exchange forward contracts Hedged items...Foreign-currency-denominated accounts payable arising from product imports and forecast foreign-currency-denominated transactions」
Continued hedging with foreign exchange forward contracts, with the contract amount and other details increasing from ¥11.727 million in the previous fiscal year to ¥14.383 million. - FY2019AdvancedAnnual report
「The hedging instruments and hedged items to which hedge accounting was applied in the current fiscal year are as follows: Hedging instrument...Foreign exchange forward contracts Hedged items...Foreign-currency-denominated accounts payable arising from product imports and forecast foreign-currency-denominated transactions」
For hedge accounting, which was stated as “none applicable” in the previous fiscal year, the current fiscal year discloses euro purchase foreign exchange forward contracts of ¥11.727 million and a fair value of negative ¥292,000. - FY2018SoftenedAnnual report
「The Company hedges foreign exchange risk in accordance with its internal Foreign Exchange Risk Management Policy.」
While the hedging policy has been maintained, the current fiscal year's derivatives transactions to which hedge accounting was applied are stated as “none applicable,” and the contract amount and fair value of the foreign exchange forward contracts reported for the previous fiscal year are no longer disclosed. - FY2017RestatedAnnual report
「Hedging instrument...Foreign exchange forward contracts Hedged items...Foreign-currency-denominated accounts payable arising from product imports and forecast foreign-currency-denominated transactions」
Continues to disclose the hedged items and instruments involving foreign exchange forward contracts, with the contract amount and other details stated as ¥9.492 million for the current fiscal year. - FY2016First statedAnnual report
「Hedging instrument...Foreign exchange forward contracts Hedged items...Foreign-currency-denominated accounts payable arising from product imports and forecast foreign-currency-denominated transactions」
Uses foreign exchange forward contracts in accordance with the Foreign Exchange Risk Management Policy.