Exposure to Foreign Exchange Rates and Interest Rate Movements
First written in FY2018. 7 of 10 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2025-H1.
Nec moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
1 other company's latest entry also says "Materialised".
- FY2025-H1MaterialisedAnnual report
「Financial expenses Interest expense 3,214 Foreign exchange loss 4,196 Loss on valuation of financial instruments 1,636」
Foreign exchange fluctuation risk materialized as a ¥4,196 million foreign exchange loss in financial expenses for the interim consolidated accounting period. - FY2024-Q3MaterialisedAnnual report
「Foreign exchange loss 1,948 3,144」
Foreign exchange fluctuation risk materialized as a ¥3,144 million foreign exchange loss in financial expenses for the cumulative third quarter, up from ¥1,948 million in the same period of the previous year. - FY2023MaterialisedAnnual report
「Financial expenses totaled ¥17,624 million. … Foreign exchange loss 4,158」
Foreign exchange fluctuation risk materialized as a ¥4,158 million foreign exchange loss in financial expenses for the fiscal year. - FY2023-Q3MaterialisedAnnual report
「Foreign exchange loss 100 1,948」
Foreign exchange fluctuation risk materialized as a ¥1,948 million foreign exchange loss in financial expenses for the cumulative third quarter. - FY2022RestatedAnnual report
「As of 31 March 2022, the NEC Group's net exposure in operating receivables, operating payables, and forward foreign exchange contracts was a US dollar-denominated receivables position of US$297 million. If the yen had depreciated 1% against the US dollar on that date, profit before tax would have increased by ¥364 million.」
The company continued to disclose foreign exchange and interest rate fluctuation risks and its hedging policy using forward foreign exchange contracts, currency options, and interest rate swaps. - FY2022-Q1MaterialisedAnnual report
「Foreign exchange loss 551」
Foreign exchange fluctuation risk materialized as a ¥551 million foreign exchange loss in financial expenses in the first quarter. - FY2020-Q2MaterialisedAnnual report
「Financial expenses totaled ¥8,733 million. … Foreign exchange loss 2,511」
Foreign exchange fluctuation risk materialized as a ¥2,511 million foreign exchange loss in financial expenses for the cumulative second quarter. - FY2020-Q1MaterialisedAnnual report
「Quarterly profit before tax improved by ¥10.5 billion year on year to a profit of ¥5.8 billion, mainly because operating profit improved despite a deterioration in foreign exchange gains and losses. Foreign exchange loss 1,357」
Foreign exchange fluctuation risk materialized as a ¥1,357 million foreign exchange loss in financial expenses in the first quarter. - FY2019RestatedAnnual report
「The NEC Group mitigates these foreign exchange risks through hedging transactions using such measures as offsetting foreign currency-denominated operating receivables and payables, forward foreign exchange contracts, and currency options.」
The company continues to disclose foreign exchange and interest rate fluctuation risks and its hedging policy using forward foreign exchange contracts, currency options, interest rate swaps, and other instruments. - FY2018First statedAnnual report
「The NEC Group is exposed to the risk of fluctuations in foreign exchange rates. … Of the interest-bearing liabilities, including long-term borrowings, those carrying variable interest rates are exposed to interest rate fluctuation risk.」
The company classified foreign exchange and interest rate movements as financial risks and disclosed mitigation measures using forward foreign exchange contracts, currency options, and interest rate swaps, as well as the impact on profit before tax of a 1% change.