Foreign Exchange and Interest Rate Volatility Risk
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
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- FY2018RestatedAnnual report
「Some products sold by our group are imported goods affected by fluctuations in foreign exchange rates, and we also sell processed products made from these goods as raw materials. Consequently, fluctuations in foreign exchange rates may affect purchase prices. In addition, fluctuations in the discount rate used as the basis for calculating retirement benefit obligations, arising from changes in interest rates, may increase or decrease the associated expense burden.」
The company reiterates the risks of foreign exchange fluctuations affecting the purchase prices of imported and processed products and interest rate fluctuations affecting retirement benefit obligations and expenses. - FY2017First statedAnnual report
「Some products sold by our group are imported goods affected by fluctuations in foreign exchange rates, and we also sell processed products made from these goods as raw materials. Consequently, fluctuations in foreign exchange rates may affect purchase prices. In addition, fluctuations in the discount rate used as the basis for calculating retirement benefit obligations, arising from changes in interest rates, may increase or decrease the associated expense burden.」
The company explicitly identifies foreign exchange fluctuations affecting the purchase prices of imported and processed products, and interest rate fluctuations affecting retirement benefit obligations and expenses, as risks.