Hedging Foreign Exchange and Borrowing Interest Rate Risks Associated with Overseas Transactions
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2026.
49 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Foreign-currency-denominated operating receivables arising from the overseas operations of consolidated subsidiaries are exposed to foreign exchange fluctuation risk. In principle, however, they are hedged using foreign exchange contracts, except to the extent covered by balances of payables denominated in the same foreign currencies.」
The Group reconfirms its policy of generally using foreign exchange contracts to hedge foreign-currency-denominated operating receivables of overseas subsidiaries. - FY2021RestatedAnnual report
「In principle, foreign-currency-denominated operating receivables arising from overseas operations are offset through foreign-currency-denominated borrowings, except to the extent covered by balances of payables denominated in the same foreign currencies. In addition, foreign-currency-denominated operating receivables arising from the overseas operations of consolidated subsidiaries are, in principle, hedged using forward foreign exchange contracts, except to the extent covered by balances of payables denominated in the same foreign currencies.」
The Group reconfirms its policy of hedging foreign exchange risk through the Group’s foreign-currency-denominated borrowings and consolidated subsidiaries’ forward foreign exchange contracts. - FY2019RestatedAnnual report
「In principle, foreign-currency-denominated operating receivables arising from the overseas operations of consolidated subsidiaries are hedged using forward foreign exchange contracts, except to the extent covered by balances of payables denominated in the same foreign currencies.」
The Group reconfirms its policy of using forward foreign exchange contracts for the foreign exchange risk of overseas subsidiaries and interest rate swaps for the risk of fluctuations in borrowing rates. - FY2017RestatedAnnual report
「In principle, foreign-currency-denominated operating receivables arising from the overseas operations of consolidated subsidiaries are hedged using forward foreign exchange contracts, except to the extent covered by balances of payables denominated in the same foreign currencies.」
The Group reconfirms its hedging policy of using forward foreign exchange contracts for the foreign exchange risk of overseas subsidiaries and interest rate swaps for fluctuations in borrowing rates. - FY2016First statedAnnual report
「The Group’s derivatives transactions comprise forward foreign exchange contracts to hedge the risk of fluctuations in foreign exchange rates related to foreign-currency-denominated operating receivables and payables, and interest rate swaps to hedge the risk of fluctuations in interest payments on borrowings.」
The Group uses forward foreign exchange contracts and interest rate swaps for hedging purposes and has a policy of not engaging in speculative transactions.