Foreign Exchange Hedging for Foreign-Currency-Denominated Time Deposits and Non-Speculative Derivative Use
First written in FY2018. . Latest entry: FY2022.
12 other companies' latest entry also says "Other".
- FY2022No FX forward contracts during the current fiscal yearAnnual report
「Current consolidated fiscal year (20 March 2022) There are no applicable items.」
The ¥150,037 million in FX forward contracts against foreign-currency-denominated time deposits disclosed in the previous fiscal year is reported as not applicable in the current fiscal year's derivatives note. The policy of hedging foreign exchange fluctuation risk rather than using derivatives for speculative purposes has been reaffirmed in the financial instruments policy. - FY2021Decrease in FX hedging contract amountAnnual report
「Allocation treatment for FX forward contracts, etc. FX forward contracts Sold US dollars Foreign-currency-denominated time deposits 150,037」
The contract amount of USD-selling FX forward contracts against foreign-currency-denominated time deposits decreased from ¥210,054 million in the previous fiscal year to ¥150,037 million. The policy of limiting their use to hedging foreign exchange fluctuation risk rather than for speculative purposes remains unchanged. - FY2020Increase in FX hedging contract amountAnnual report
「FX forward contracts Sold US dollars Foreign-currency-denominated time deposits 210,054」
The contract amount of USD-selling FX forward contracts against foreign-currency-denominated time deposits increased from ¥160,055 million in the previous fiscal year to ¥210,054 million. The policy of limiting their use to hedging foreign exchange fluctuation risk rather than for speculative purposes remains unchanged. - FY2019Increase in FX hedging contract amountAnnual report
「FX forward contracts Sold US dollars Foreign-currency-denominated time deposits 160,055」
The contract amount of USD-selling FX forward contracts against foreign-currency-denominated time deposits was ¥160,055 million, up from ¥109,961 million in the previous fiscal year. The policy of limiting derivatives to hedging foreign exchange fluctuation risk rather than using them for speculative purposes remains unchanged. - FY2018First statedAnnual report
「The company uses derivatives to avoid the risks described below and does not engage in speculative transactions. Derivative transactions consist of FX forward contracts for hedging the foreign exchange fluctuation risk associated with foreign-currency-denominated time deposits. FX forward contracts Sold US dollars Foreign-currency-denominated time deposits ¥109,961 million」
The company limits its use of derivatives to hedging foreign exchange fluctuation risk rather than for speculative purposes, and reports USD-selling FX forward contracts of ¥109,961 million against foreign-currency-denominated time deposits.