Hedging Foreign Exchange Risk Through the Use of Export Proceeds in U.S. Dollars and Foreign Exchange Forwards
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2020: 3 of 13 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「To mitigate the risk, we use U.S. dollars received from exports to make payments and, in accordance with our risk management policy, hedge part of the shortfall through forward exchange contracts.」
The policy of using export proceeds in U.S. dollars for payments and hedging through forward exchange contracts continued to be explicitly stated. - FY2018RestatedAnnual report
「To mitigate the risk, we use U.S. dollars received from exports to make payments and, in accordance with our risk management policy, hedge part of the shortfall through forward exchange contracts.」
The policy of using export proceeds received in U.S. dollars for payments and hedging part of the shortfall through forward exchange contracts was reiterated. - FY2017RestatedAnnual report
「To mitigate the risk, we use U.S. dollars received from exports to make payments and, in accordance with our risk management policy, hedge part of the shortfall through forward exchange contracts.」
The measures of using export proceeds in U.S. dollars for payments and hedging part of the shortfall through forward exchange contracts were reiterated. - FY2016First statedAnnual report
「To mitigate the risk, we use U.S. dollars received from exports to make payments and, in accordance with our risk management policy, hedge part of the shortfall through forward exchange contracts.」
The use of export proceeds received in U.S. dollars for payments and partial hedging of the shortfall through forward exchange contracts were explicitly identified for the first time as specific measures to address foreign exchange risk.