Foreign Exchange Risk on Forecast Foreign-Currency Transactions and Hedging with Forward Exchange Contracts
First written in FY2018. 1 of 2 entries say "Softened", first in FY2020. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020SoftenedAnnual report
「There were no applicable derivative transactions as of the fiscal year-end. The company’s policy is to consider implementing them if the need arises in the future.」
The hedging transactions using forward exchange contracts that existed through the previous fiscal year were no longer in place in the current fiscal year, and the policy has been weakened to one of considering implementation only when necessary. - FY2018First statedAnnual report
「Derivative transactions consist of forward exchange contracts intended to hedge foreign exchange fluctuation risk associated with forecast foreign-currency transactions. In accordance with the foreign exchange hedging transaction rules and other internal policies, the company hedges foreign exchange fluctuation risk associated with hedged items within a certain range. The contract amount, etc. was ¥1,583.618 million, of which ¥1,387.842 million was due after more than 1 year, and the fair value was negative ¥69.105 million.」
The company has newly provided specific details on hedging foreign exchange risk associated with forecast foreign-currency transactions through forward exchange contracts and in accordance with internal policies.