Mitigating Foreign Exchange Fluctuations in Import Transactions through Forward Contracts
First written in FY2016. 9 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 42 of 66 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Most foreign-currency-denominated operating liabilities arising from import transactions are payable within 1 year. We therefore minimize foreign exchange risk by promptly entering into derivative transactions, specifically forward exchange contracts, when foreign-currency-denominated import transactions are executed. In addition, to reduce credit risk when using derivatives, we transact only with highly rated financial institutions.」
We continue to follow a policy of mitigating the foreign exchange risk associated with foreign-currency-denominated import liabilities through forward exchange contracts executed when the transactions are entered into and the use of highly rated financial institutions. - FY2024RestatedAnnual report
「Most foreign-currency-denominated operating liabilities arising from import transactions are payable within 1 year. We therefore minimize foreign exchange risk by promptly entering into derivative transactions, specifically forward exchange contracts, when foreign-currency-denominated import transactions are executed.」
We continue to follow a policy of mitigating the foreign exchange risk associated with foreign-currency-denominated import liabilities through forward exchange contracts executed when the transactions are entered into and the use of highly rated financial institutions. - FY2023RestatedAnnual report
「Most foreign-currency-denominated operating liabilities arising from import transactions are payable within 1 year. We therefore minimize foreign exchange risk by promptly entering into derivative transactions, specifically forward exchange contracts, when foreign-currency-denominated import transactions are executed. In addition, to reduce credit risk when using derivatives, we transact only with highly rated financial institutions.」
We continue to follow a policy of mitigating foreign exchange risk in import transactions through forward exchange contracts executed when the transactions are entered into and the use of highly rated financial institutions. - FY2022RestatedAnnual report
「Most foreign-currency-denominated operating liabilities arising from import transactions are payable within 1 year. We therefore minimize foreign exchange risk by promptly entering into derivative transactions, specifically forward exchange contracts, when foreign-currency-denominated import transactions are executed. In addition, to reduce credit risk when using derivatives, we transact only with highly rated financial institutions.」
We continue to follow a policy of mitigating foreign exchange risk in import transactions through forward exchange contracts executed when the transactions are entered into and the use of highly rated financial institutions. - FY2021RestatedAnnual report
「Most foreign-currency-denominated operating liabilities arising from import transactions are payable within 1 year. We therefore minimize foreign exchange risk by promptly entering into derivative transactions, specifically forward exchange contracts, when foreign-currency-denominated import transactions are executed. In addition, to reduce credit risk when using derivatives, we transact only with highly rated financial institutions.」
We continue to follow a policy of mitigating foreign exchange risk in import transactions through forward exchange contracts executed when the transactions are entered into and the use of highly rated financial institutions. - FY2020RestatedAnnual report
「Most foreign-currency-denominated operating liabilities arising from import transactions are payable within 1 year. We therefore minimize foreign exchange risk by promptly entering into derivative transactions, specifically forward exchange contracts, when foreign-currency-denominated import transactions are executed. In addition, to reduce credit risk when using derivatives, we transact only with highly rated financial institutions.」
We continue to follow a policy of mitigating foreign exchange risk in import transactions through forward exchange contracts executed when the transactions are entered into and the use of highly rated financial institutions. - FY2019RestatedAnnual report
「Most foreign-currency-denominated operating liabilities arising from import transactions are payable within 1 year. We therefore minimize foreign exchange risk by promptly entering into derivative transactions, specifically forward exchange contracts, when foreign-currency-denominated import transactions are executed. In addition, to reduce credit risk when using derivatives, we transact only with highly rated financial institutions.」
We continue to follow a policy of mitigating foreign exchange risk in import transactions through forward exchange contracts executed when the transactions are entered into and the use of highly rated financial institutions. - FY2018RestatedAnnual report
「Most foreign-currency-denominated operating liabilities arising from import transactions are payable within 1 year. We therefore minimize foreign exchange risk by promptly entering into derivative transactions, specifically forward exchange contracts, when foreign-currency-denominated import transactions are executed. In addition, to reduce credit risk when using derivatives, we transact only with highly rated financial institutions.」
We continue to follow a policy of mitigating foreign exchange risk in import transactions through forward exchange contracts executed when the transactions are entered into and the use of highly rated financial institutions. - FY2017RestatedAnnual report
「Most foreign-currency-denominated operating liabilities arising from import transactions are payable within 1 year. We therefore minimize foreign exchange risk by promptly entering into derivative transactions, specifically forward exchange contracts, when foreign-currency-denominated import transactions are executed.」
We continue to follow a policy of mitigating foreign exchange risk in import transactions through forward exchange contracts executed when the transactions are entered into. - FY2016First statedAnnual report
「Most foreign-currency-denominated operating liabilities arising from import transactions are payable within 1 year. We therefore minimize foreign exchange risk by promptly entering into derivative transactions, specifically forward exchange contracts, when foreign-currency-denominated import transactions are executed.」
The policy is to mitigate the foreign exchange risk associated with foreign-currency-denominated import liabilities through forward exchange contracts executed when the transactions are entered into.