Hedging Foreign Exchange and Interest Rate Risk
First written in FY2017. 5 of 6 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 7 of 36 companies on the "Worse" side.
55 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Derivatives are used to reduce foreign exchange risk on foreign-currency-denominated trade receivables. The policy is not to engage in speculative transactions.」
Continues the policy of using foreign exchange contracts based on underlying commercial transactions to manage foreign exchange risk on foreign-currency-denominated trade receivables and payables, without engaging in speculative transactions. - FY2021RestatedAnnual report
「Derivatives are used to reduce foreign exchange risk on foreign-currency-denominated trade receivables. The policy is not to engage in speculative transactions.」
Continues the policy of using foreign exchange contracts based on underlying commercial transactions to manage foreign exchange risk on foreign-currency-denominated trade receivables and payables, without engaging in speculative transactions. - FY2020RestatedAnnual report
「Derivatives are used to reduce foreign exchange risk on foreign-currency-denominated trade receivables. The policy is not to engage in speculative transactions.」
Continues the policy of using foreign exchange contracts based on underlying commercial transactions to manage foreign exchange risk on foreign-currency-denominated trade receivables and payables, without engaging in speculative transactions. - FY2019RestatedAnnual report
「Derivatives are used to reduce foreign exchange risk on foreign-currency-denominated trade receivables. The policy is not to engage in speculative transactions.」
Continues the policy of using forward foreign exchange contracts based on underlying commercial transactions to manage foreign exchange risk on foreign-currency-denominated trade receivables and payables, without engaging in speculative transactions. - FY2018RestatedAnnual report
「Derivatives are used to reduce foreign exchange risk on foreign-currency-denominated trade receivables. The policy is not to engage in speculative transactions.」
Continues the policy of using forward foreign exchange contracts to manage foreign exchange risk on foreign-currency-denominated trade receivables and payables, without engaging in speculative transactions. - FY2017First statedAnnual report
「Derivatives are used to reduce foreign exchange risk on foreign-currency-denominated trade receivables, reduce interest rate risk on borrowings, and improve net financial income. The policy is not to engage in speculative transactions.」
The policy of using forward foreign exchange contracts for foreign-currency-denominated trade receivables and interest rate swaps for borrowings to hedge foreign exchange and interest rate risks within a certain range is recorded as a topic for the first time.