Foreign-Exchange Risk Associated with Foreign-Currency Transactions and Hedging with FX Forwards
First written in FY2017. 12 of 14 entries say "Restated". Latest entry: FY2026.
Tabikobo moved to the "Worse" side of this theme in 2026, 8 years after the typical company in this theme (2018).
The whole theme swung hardest in 2019: 69 of 120 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The recovery in the number of Japanese outbound travelers has remained gradual due to the continued depreciation of the yen, rising local prices, the deteriorating situation in the Middle East and soaring fuel prices.」
The continued depreciation of the yen was cited in the actual operating environment as a factor suppressing the recovery in overseas travel demand. The policy of hedging through foreign exchange forwards remains in place. - FY2025RestatedAnnual report
「Accordingly, our Group seeks to mitigate foreign exchange risk through forward exchange contracts and other measures, but cannot completely eliminate it.」
Our Group continues to address the foreign exchange risk associated with foreign-currency transactions and translating overseas subsidiaries' accounts into yen, as well as hedging with forward exchange contracts. - FY2024RestatedAnnual report
「Accordingly, our Group seeks to mitigate foreign exchange risk through forward exchange contracts and other measures, but cannot completely eliminate it.」
Our Group continues to address the foreign exchange risk associated with foreign-currency transactions and translating overseas subsidiaries' accounts into yen, as well as hedging with forward exchange contracts. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the foreign exchange risk arising from foreign-currency transactions. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the foreign exchange risk arising from foreign-currency transactions. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the foreign exchange risk arising from foreign-currency transactions. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the foreign exchange risk arising from foreign-currency transactions. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the foreign exchange risk arising from foreign-currency transactions. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the foreign exchange risk arising from foreign-currency transactions. - FY2018RestatedAnnual report
「Accordingly, our Group seeks to mitigate foreign exchange risk through forward exchange contracts and other measures, but cannot completely eliminate it.」
Our Group continues to disclose the foreign exchange risk associated with foreign-currency transactions and translating overseas subsidiaries' accounts into yen, as well as hedging with forward exchange contracts. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the foreign exchange risk arising from foreign-currency transactions. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the foreign exchange risk arising from foreign-currency transactions. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the foreign exchange risk arising from foreign-currency transactions. - FY2017First statedAnnual report
「Accordingly, our Group seeks to mitigate foreign exchange risk through forward exchange contracts and other measures, but cannot completely eliminate it.」
Our Group identifies the risks associated with settling travel payments in foreign currencies and translating overseas subsidiaries' accounts into yen, and hedges them using forward exchange contracts. It also explains how yen appreciation and depreciation affect costs, travel demand and consolidated figures.