Stabilizing Costs Through Forward Exchange Contracts
First written in FY2017-Q2. 3 of 5 entries say "Restated". Latest entry: FY2020.
30 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「Derivative transactions are limited to forward foreign exchange contracts and may be conducted within the scope of planned future purchases of inventories, primarily to hedge foreign exchange fluctuation risk.」
The company continues to use forward foreign exchange contracts within the scope of planned future purchases to hedge foreign exchange fluctuation risk. - FY2019RestatedAnnual report
「Derivative transactions are limited to forward foreign exchange contracts and may be conducted within the scope of planned future purchases of inventories, primarily to hedge foreign exchange fluctuation risk.」
Describes the policy of using forward foreign exchange contracts within the scope of planned purchases to hedge foreign exchange fluctuation risk. - FY2018-Q1ReframedAnnual report
「In fiscal year 41, the company changed from stabilizing costs through forward foreign exchange contracts to the standard fair value accounting treatment of applying US dollars at market value each time purchases are made, without holding forward contracts. The recent increase in costs is beginning to improve.」
The company changed from stabilizing costs through forward foreign exchange contracts to applying US dollars at market value each time purchases are made, without holding forward contracts. - FY2017-Q3RestatedAnnual report
「Ordinary profit declined 14.8% year on year, as the fair value measurement of US dollar deposits continued to reflect a stronger yen and weaker dollar, while foreign exchange effects, including non-operating losses, were recognized when overseas purchases were settled. The earnings structure remained largely unchanged from the first half.」
States that the foreign exchange effects from the fair value measurement of US dollar deposits and the settlement of overseas purchases continued with a structure largely unchanged from the first half. - FY2017-Q2First statedAnnual report
「The US dollars contracted in the previous fiscal year to stabilize costs in fiscal year 40 have been used as planned, with price increases steadily implemented for products other than bicycles based on the contracted exchange rate. As a result, the shift toward a stronger yen following events including the UK's withdrawal from the EU has had no impact on our earnings.」
The company explains that it contracted US dollars in advance to stabilize costs and is implementing price increases for products other than bicycles based on the contracted exchange rate.