Exchange-Rate Risk and Hedging in Foreign-Currency-Denominated Import Transactions
First written in FY2019. 2 of 8 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
Happinet moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 42 of 66 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Foreign exchange gain 104 Forward exchange contracts Long USD Planned foreign-currency-denominated import transactions Contract amount, etc.: ¥860 million Fair value: ¥24 million」
The Company recorded a ¥104 million foreign exchange gain during the fiscal year. The contract amount of forward exchange contracts for planned foreign-currency-denominated import transactions was ¥860 million, with a fair value of ¥24 million recognized as an asset. - 2026-05-14MitigatedFinancial results briefing materials
「Foreign exchange gains — — — 104 0.0 —」
Foreign exchange gains and losses changed from a foreign exchange loss of ¥34 million in the previous fiscal year to a foreign exchange gain of ¥104 million in the current fiscal year. - FY2025MaterialisedAnnual report
「Foreign exchange loss 34」
The Company recognized a ¥34 million foreign exchange loss during the fiscal year as a result of foreign exchange movements affecting foreign-currency transactions. The contract amount of forward exchange contracts for planned foreign-currency-denominated import transactions was ¥573 million, with a fair value of ¥12 million recognized as a liability. - FY2025-H1MaterialisedAnnual report
「Foreign exchange losses － 75」
The Company recognized a foreign exchange loss of ¥75 million during the interim period, reflecting the realized impact of foreign exchange movements on foreign-currency transactions. - FY2023Expansion of Forward Exchange Contract Coverage and Balance UpdateAnnual report
「Forward exchange contracts Short USD Planned foreign-currency-denominated export transactions 21 ― △0 Long USD Planned foreign-currency-denominated import transactions 219 ― △6」
In addition to ¥219 million of planned foreign-currency-denominated import transactions, forward exchange contracts covered ¥21 million of planned foreign-currency-denominated export transactions, bringing the total contract amount to ¥240 million. - FY2022Update to Forward Exchange Contract BalancesAnnual report
「Forward exchange contracts USD receivable / JPY payable Planned foreign-currency-denominated import transactions Contract amount, etc.: ¥210 million Fair value: ¥13 million」
The contract amount of forward exchange contracts for planned foreign-currency-denominated import transactions was ¥210 million, and the fair value was ¥13 million. - FY2021Update to Forward Exchange Contract BalancesAnnual report
「Forward exchange contracts USD receivable / JPY payable Planned foreign-currency-denominated import transactions Contract amount, etc.: ¥267 million Fair value: ¥12 million」
The contract amount of forward exchange contracts for planned foreign-currency-denominated import transactions was ¥267 million, and the fair value was ¥12 million. - FY2019First statedAnnual report
「Derivative transactions are used to avoid foreign exchange fluctuation risk, particularly yen depreciation, related to imports of goods and to secure stable profits.」
The Company states a policy of mitigating yen depreciation risk on foreign-currency-denominated imports through forward exchange contracts within the scope of contracted transactions, in order to secure stable profits.