Hedging Market Risk Using Foreign Exchange Forwards and Interest Rate Swaps
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2023.
59 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「We generally hedge the foreign exchange fluctuation risk identified on a monthly basis for foreign-currency-denominated operating receivables and payables by using forward exchange contracts. We also use interest rate swaps to limit the risk of fluctuations in interest payments on borrowings.」
The company continues its policy of hedging foreign exchange and interest rate fluctuation risks using forward exchange contracts and interest rate swaps. - FY2021RestatedAnnual report
「We generally hedge the foreign exchange fluctuation risk identified on a monthly basis for foreign-currency-denominated operating receivables and payables by using forward exchange contracts. We also use interest rate swaps to limit the risk of fluctuations in interest payments on borrowings.」
The company continues its policy of hedging foreign exchange and interest rate fluctuation risks using forward exchange contracts and interest rate swaps. - FY2020RestatedAnnual report
「We generally hedge the foreign exchange fluctuation risk identified on a monthly basis for foreign-currency-denominated operating receivables and payables by using forward exchange contracts. We also use interest rate swaps to limit the risk of fluctuations in interest payments on borrowings.」
The company continued its policy of hedging foreign exchange and interest rate fluctuation risks using forward exchange contracts and interest rate swaps. - FY2019First statedAnnual report
「We generally hedge the foreign exchange fluctuation risk identified on a monthly basis for foreign-currency-denominated operating receivables and payables by using forward exchange contracts. We also use interest rate swaps to limit the risk of fluctuations in interest payments on borrowings.」
The company uses forward exchange contracts for foreign exchange fluctuation risk and interest rate swaps for interest rate fluctuation risk on borrowings, demonstrating a framework for using derivatives for hedging rather than speculative purposes.