Risk Mitigation for Foreign-Currency Transactions Using FX Forwards
First written in FY2017. 2 of 5 entries say "Advanced", first in FY2018. Latest entry: FY2026.
2 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Derivative transactions consist of foreign exchange margin transactions to address foreign exchange risk related to foreign-currency-denominated trade receivables and forward exchange contracts to address foreign exchange risk related to foreign-currency-denominated trade payables.」
In addition to the existing foreign exchange margin transactions, the company explicitly disclosed forward exchange contracts for foreign-currency-denominated trade payables. At the end of the period, contract amounts were ¥696.420 million for foreign exchange margin transactions and ¥176.372 million for forward exchange contracts. - FY2025RestatedAnnual report
「Foreign exchange margin transactions Short position US dollars 640,704 — △87,497 △87,497」
Foreign exchange margin transactions continued to be used to manage foreign exchange fluctuations on foreign-currency-denominated transactions. At the end of the period, the contract amount was ¥640.704 million, and the valuation loss was ¥87.497 million. - FY2022RestatedAnnual report
「Derivative transactions consist of forward exchange contracts to address foreign exchange risk related to foreign-currency-denominated trade receivables and foreign exchange margin transactions.」
The company continues to disclose measures using forward exchange contracts and foreign exchange margin transactions to address foreign exchange risk on foreign-currency-denominated transactions. - FY2018AdvancedAnnual report
「Derivative transactions consist of forward exchange contracts to address foreign exchange risk related to foreign-currency-denominated trade receivables and foreign exchange margin transactions.」
Foreign exchange risk management using foreign exchange margin transactions in addition to forward exchange contracts was specified as part of the policy and management of financial instruments. - FY2017First statedAnnual report
「Although measures are being taken through derivative transactions, including forward exchange contracts, the foreign exchange risk may affect the financial position and operating results of our group.」
For the first time, the company explicitly disclosed the use of forward exchange contracts to address foreign exchange risk related primarily to foreign-currency-denominated trade receivables in the memory module-related business.