Structural Measures to Address Foreign-Exchange Risk through Overseas Production and Local Procurement
First written in FY2017. 5 of 7 entries say "Restated". Latest entry: FY2025.
Toa moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 3 of 16 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The Group reduces foreign exchange risk by using measures such as conducting transactions in the same currency through the promotion of local production for local consumption and using foreign currency earned from exports to pay for imports, a practice known as foreign exchange matching. However, sudden fluctuations in exchange rates or other events may affect the Group.」
The description of the structural response to foreign exchange risk has expanded beyond the transfer of overseas production and local sourcing to explicitly include transactions in the same currency and the use of foreign exchange matching. - FY2024RestatedAnnual report
「The Group is taking flexible measures to address the foreign exchange risk associated with its receivables and payables by transferring production to overseas production subsidiaries, expanding local procurement of raw materials and parts, and pursuing a structural response.」
The structural response to foreign exchange risk through the transfer of overseas production and the expansion of local sourcing continues. - FY2022RestatedAnnual report
「The Group is taking flexible measures to address the foreign exchange risk associated with its receivables and payables by transferring production to overseas production subsidiaries, expanding local procurement of raw materials and parts, and pursuing a structural response.」
The policy of addressing foreign exchange risk structurally through the transfer of overseas production and the expansion of local sourcing continues. - FY2021RestatedAnnual report
「The Group is taking flexible measures to address the foreign exchange risk associated with its receivables and payables by transferring production to overseas production subsidiaries, expanding local procurement of raw materials and parts, and pursuing a structural response.」
The policy of addressing foreign exchange risk structurally through the transfer of overseas production and the expansion of local sourcing continues. - FY2020RestatedAnnual report
「The Group is taking flexible measures to address the foreign exchange risk associated with its receivables and payables by transferring production to overseas production subsidiaries, expanding local procurement of raw materials and parts, and pursuing a structural response.」
The structural response to foreign exchange risk through the transfer of overseas production and the expansion of local sourcing continues. - FY2019RestatedAnnual report
「The Group is taking flexible measures to address the foreign exchange risk associated with its receivables and payables by transferring production to overseas production subsidiaries, expanding local procurement of raw materials and parts, and pursuing a structural response.」
The policy of addressing foreign exchange risk structurally through the transfer of overseas production and the expansion of local sourcing continues. - FY2017First statedAnnual report
「The Group is taking flexible measures to address the foreign exchange risk associated with its receivables and payables by transferring production to overseas production subsidiaries, expanding local procurement of raw materials and parts, and pursuing a structural response.」
The transfer of production to overseas production subsidiaries and the expansion of local sourcing are explicitly identified as a structural response to foreign exchange risk.