Hedging Foreign Exchange Risk Using Forward Exchange Contracts
First written in FY2016-Q3. 19 of 23 entries say "Restated". Latest entry: FY2025.
30 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The purpose of foreign exchange contract transactions is to avoid the risk of exchange-rate fluctuations in foreign-currency transactions, and the company has a policy of not engaging in transactions for speculative purposes.」
The company continues to use forward foreign exchange contracts based on expected foreign-currency payments and maintain a non-speculative policy. - FY2024RestatedAnnual report
「Based on planned purchases of imported goods, the company sets and executes the proportion of payments covered by forward contracts, taking exchange-rate trends into account and subject to the limit of expected monthly foreign-currency payments. It has a policy of not engaging in any transactions for speculative purposes.」
The company continues to use forward foreign exchange contracts within the limit of expected monthly foreign-currency payments and maintain a non-speculative policy. - FY2023RestatedAnnual report
「In overseas production, although costs rose due to the sharp depreciation of the yen, the company sought to mitigate the impact through foreign exchange forward contracts.」
The company continues its previous measure of mitigating the impact of cost increases caused by sharp yen depreciation through foreign exchange forward contracts. - FY2023-Q3RestatedAnnual report
「Stabilization through foreign exchange forward contracts」
The company continues to stabilize foreign exchange exposure through forward foreign exchange contracts as a measure to address currency fluctuations. - FY2022RestatedAnnual report
「The company worked to improve earnings by using forward foreign exchange contracts to mitigate the impact of sharp yen depreciation, among other measures,」
The company continues to use forward foreign exchange contracts to address sharp yen depreciation and is working to mitigate its impact. - FY2022-Q3RestatedAnnual report
「In addition, although the company arranged forward foreign exchange contracts and sought to mitigate the impact, the result of the sharp yen depreciation was that」
As a measure to address sharp yen depreciation, the company continues its previous policy of using forward foreign exchange contracts to mitigate the impact. - FY2022-Q2RestatedAnnual report
「In addition, although the yen depreciated sharply, the company arranged forward foreign exchange contracts and sought to mitigate the impact, with the result that」
The company continues to use forward foreign exchange contracts as a measure to address sharp yen depreciation. - FY2021-Q3RestatedAnnual report
「Meanwhile, the company achieved cost reductions by increasing the shift of production overseas and securing relatively favorable forward foreign-exchange contracts.」
The company continues to operate its currency hedging program by securing relatively favorable forward foreign exchange contracts and linking them to cost reductions. - FY2020RestatedAnnual report
「Based on planned purchases of imported goods, the company sets and executes the proportion of payments covered by forward contracts, taking exchange-rate trends into account and subject to the limit of expected monthly foreign-currency payments. It has a policy of not engaging in any transactions for speculative purposes.」
The company continues to use forward contracts within the limit of expected monthly foreign-currency payments and maintain a non-speculative policy. - FY2020-Q3RestatedAnnual report
「Although relatively favorable foreign exchange forward contracts were secured amid highly volatile exchange rates,」
The company states that it continues to use forward foreign exchange contracts to address currency fluctuations and was able to secure relatively favorable contracts this quarter as well. - FY2020-Q2AdvancedAnnual report
「Although improvement was achieved through relatively favorable foreign exchange forward contracts and cost reductions resulting from the increased overseas production ratio,」
The company describes the improvement effect of relatively favorable foreign exchange forward contracts amid highly volatile exchange rates. - FY2020-Q1RestatedAnnual report
「Although a beneficial effect from yen appreciation through future forward contracts is expected,」
The company states that it will continue addressing foreign exchange movements through forward contracts and expects a beneficial effect from yen appreciation going forward. - FY2019RestatedAnnual report
「Based on planned purchases of imported goods, the company sets and executes the proportion of payments covered by forward contracts, taking exchange-rate trends into account and subject to the limit of expected monthly foreign-currency payments. It has a policy of not engaging in any transactions for speculative purposes.」
The company continues its policy of using forward foreign exchange contracts within the limit of expected foreign-currency payments and not for speculative purposes. - FY2019-Q3RestatedAnnual report
「The gross margin on net sales, with higher overseas labor costs covered by the beneficial effect of yen appreciation from foreign exchange forward contracts and the increased overseas production ratio,」
The company continues to use the beneficial effect of yen appreciation from foreign exchange forward contracts as a measure to address higher overseas labor costs. - FY2019-Q2AdvancedAnnual report
「The gross profit margin benefited from being able to arrange forward foreign-exchange contracts at a stronger yen rate than initially assumed and from cost reductions achieved through a higher overseas production ratio. However, higher overseas labor costs, increased depreciation expenses associated with the construction of a new plant, and a one-time real estate acquisition tax resulted in a margin of 46.6%, down 0.2 percentage points year on year. (Excluding special factors in the current fiscal year, the gross profit margin would have been 47.0%, up 0.2 percentage points year on year.)」
The company specifically states that arranging forward foreign exchange contracts against the assumed exchange rate during a period of yen appreciation improved the gross margin. - FY2018RestatedAnnual report
「Based on planned purchases of imported goods, the company sets and executes the proportion of payments covered by forward contracts, taking exchange-rate trends into account and subject to the limit of expected monthly foreign-currency payments. It has a policy of not engaging in any transactions for speculative purposes.」
The company explicitly states its policy of continuing to use forward contracts, determining and executing the contract ratio within the limit of expected monthly foreign-currency payments. - FY2018-Q3RestatedAnnual report
「The gross margin on net sales, following a decrease in forward contracts during periods of yen appreciation,」
The company continues to state that the decrease in forward contracts during periods of yen appreciation was a factor behind the increase in overseas production costs. - FY2018-Q2Decrease in forward contractsAnnual report
「An increase in overseas production costs due to yen depreciation in the cost exchange rate, following a decrease in forward contracts during periods of yen appreciation」
The decrease in forward contracts during periods of yen appreciation is cited as a factor behind the increase in overseas production costs resulting from yen depreciation in the cost exchange rate. - FY2017-Q3RestatedAnnual report
「Promoting sales of high-value-added products, shifting production from Japan to overseas, and smoothing foreign-exchange fluctuations through forward contracts resulted in a gross profit margin of 47.7%, up 1.1 percentage points year on year.」
The company continues to smooth foreign exchange fluctuations through foreign exchange contracts as a measure to address rising costs and yen depreciation. - FY2017-Q2RestatedAnnual report
「Promoting sales of high-value-added products, shifting production from Japan to overseas, and smoothing foreign-exchange fluctuations through forward contracts resulted in a margin of 47.6%, up 1.9 percentage points year on year.」
The company continues to smooth foreign exchange fluctuations through foreign exchange contracts as a measure to address rising costs. - FY2017-Q1RestatedAnnual report
「Dollar forward exchange contracts, promotion of the shift to overseas production, and higher added value for products」
The company continues to use dollar forward exchange contracts as a measure to address yen depreciation. - FY2016RestatedAnnual report
「Although measures are being taken to mitigate foreign exchange risk through long-term forward contracts, sharp movements in exchange rates may adversely affect the company's financial position, operating results, and cash flows.」
The company continues to use long-term forward contracts as a measure to address foreign exchange risk. - FY2016-Q3First statedAnnual report
「Foreign exchange forward contracts to hedge currency risk」
The company uses foreign exchange forward contracts to address currency fluctuations.