Reducing Foreign Exchange Risk Through Cover Transactions
First written in FY2016. 9 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To avoid this foreign exchange risk and secure stable earnings, we reduce foreign exchange risk by conducting cover transactions in which we place orders with counterparties that are equivalent to customers’ buy and sell orders. Cover transactions are conducted by the responsible department, the Operations Department, in accordance with methods prescribed by internal regulations and other rules, and the Administration Department monitors the implementation status of cover transactions daily to mitigate risk.」
The company has reconfirmed its framework of placing orders with counterparties that are equivalent to customer orders and reducing risk through execution by the Operations Department and daily monitoring by the Administration Department. - FY2025RestatedAnnual report
「To avoid this foreign exchange risk and secure stable earnings, we reduce foreign exchange risk by conducting cover transactions in which we place orders with counterparties that are equivalent to customers’ buy and sell orders. Cover transactions are conducted by the responsible department, the Operations Department, in accordance with methods prescribed by internal regulations and other rules, and the Administration Department monitors the implementation status of cover transactions daily to mitigate risk.」
The company has reconfirmed its framework of placing orders with counterparties that are equivalent to customer orders and reducing risk through execution by the Operations Department and daily monitoring by the Administration Department. - FY2024RestatedAnnual report
「To avoid this foreign exchange risk and secure stable earnings, we reduce foreign exchange risk by conducting cover transactions in which we place orders with counterparties that are equivalent to customers’ buy and sell orders. Cover transactions are conducted by the responsible department, the Operations Department, in accordance with methods prescribed by internal regulations and other rules, and the Administration Department monitors the implementation status of cover transactions daily to mitigate risk.」
The company has reconfirmed its framework of placing orders with counterparties that are equivalent to customer orders and monitoring the implementation status of cover transactions daily. - FY2023RestatedAnnual report
「To avoid this foreign exchange risk and secure stable earnings, we reduce foreign exchange risk by conducting cover transactions in which we place orders with counterparties that are equivalent to customers’ buy and sell orders.」
The company has reconfirmed its framework of placing orders with counterparties that are equivalent to customer orders and monitoring the implementation status of cover transactions daily. - FY2022RestatedAnnual report
「To avoid this foreign exchange risk and secure stable earnings, we reduce foreign exchange risk by conducting cover transactions in which we place orders with counterparties that are equivalent to customers’ buy and sell orders.」
The company has reconfirmed its framework of placing orders with counterparties that are equivalent to customer orders and monitoring the implementation status of cover transactions daily. - FY2021RestatedAnnual report
「To avoid this foreign exchange risk and secure stable earnings, we reduce foreign exchange risk by conducting cover transactions in which we place orders with counterparties that are equivalent to customers’ buy and sell orders.」
The company has reconfirmed its framework of placing orders with counterparties that are equivalent to customer orders and monitoring the implementation status of cover transactions daily. - FY2020RestatedAnnual report
「To avoid this foreign exchange risk and secure stable earnings, we reduce foreign exchange risk by conducting cover transactions in which we place orders with counterparties that are equivalent to customers’ buy and sell orders.」
The company has reconfirmed its cover transaction framework of placing customer orders with counterparties and having the Administration Department monitor implementation status daily. - FY2018RestatedAnnual report
「To avoid this foreign exchange risk and secure stable earnings, we obtain quotes from multiple counterparties and promptly conduct cover transactions with the counterparty offering the best rate.」
The company has reconfirmed its framework of obtaining the best rates from multiple counterparties and promptly conducting cover transactions. - FY2018-Q1RestatedAnnual report
「Against this backdrop, the Group sought to improve the efficiency of its cover transactions and improve transaction unit prices so that it could secure stable earnings even in an environment of subdued foreign exchange volatility.」
The company has reconfirmed its policy of improving the efficiency of cover transactions and transaction unit prices in response to subdued foreign exchange volatility, but has not presented specific numerical targets. - FY2016First statedAnnual report
「To avoid this foreign exchange risk and secure stable earnings, we reduce foreign exchange risk by conducting cover transactions in which we place orders with counterparties that are equivalent to customers’ buy and sell orders.」
Customer orders are placed with counterparties, and the Administration Department monitors implementation status daily.