Hedging Market Risk Using Foreign Exchange Forwards and Interest Rate Swaps
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2024.
49 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Group generally hedges the foreign exchange fluctuation risk associated with foreign-currency-denominated operating receivables and payables by using forward exchange contracts, based on the risk identified by currency and month. In addition, depending on exchange market conditions, it enters into forward exchange contracts against foreign-currency-denominated operating receivables expected to arise with certainty from export-related transactions. The Group also uses interest rate swaps to limit the risk of fluctuations in interest payments on borrowings.」
The Group continues to manage foreign exchange and interest rate risk through forward exchange contracts and interest rate swaps. - FY2021RestatedAnnual report
「To mitigate the effects of exchange rate fluctuations, the Group enters into forward exchange contracts systematically in accordance with policies established by the Board of Directors, while taking exchange rate trends into account.」
The Group continues its hedging policy using forward exchange contracts and explains that these contracts are entered into systematically based on Board of Directors policies. - FY2019RestatedAnnual report
「The Group generally hedges the foreign exchange fluctuation risk associated with foreign-currency-denominated operating receivables and payables by using forward exchange contracts, based on the risk identified by currency and month. The Group also uses interest rate swaps to limit the risk of fluctuations in interest payments on borrowings.」
The Group continues to manage market risk through forward exchange contracts and interest rate swaps. - FY2016First statedAnnual report
「The Group generally hedges the foreign exchange fluctuation risk associated with foreign-currency-denominated operating receivables and payables by using forward exchange contracts, based on the risk identified by currency and month. The Group also uses interest rate swaps to limit the risk of fluctuations in interest payments on borrowings.」
The Group manages foreign-currency-denominated receivables and payables with forward exchange contracts and interest rate fluctuations on borrowings with interest rate swaps.