Foreign exchange risk on foreign-currency-denominated liabilities related to feed imports
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2019.
49 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「Trade notes and accounts payable, which are operating liabilities, are due for payment mostly within 1 year. Some are denominated in foreign currencies in connection with feed imports and are exposed to foreign exchange risk. The Company uses derivative transactions, specifically currency options, to address this risk. However, it does not currently engage in derivative transactions.」
The company continues to disclose the foreign exchange risk associated with feed imports while stating that it currently does not engage in derivative transactions. - FY2018The company explicitly states that it currently has no derivative transactions.Annual report
「Trade notes and accounts payable, which are operating liabilities, are due for payment mostly within 1 year. Some are denominated in foreign currencies in connection with feed imports and are exposed to foreign exchange risk. The Company uses derivative transactions, specifically currency options, to address this risk. However, it does not currently engage in derivative transactions.」
The company explains the foreign exchange risk associated with feed imports and the use of currency options, while stating that it currently does not engage in derivative transactions. - FY2017RestatedAnnual report
「Some of these liabilities are denominated in foreign currencies in connection with feed imports and are exposed to foreign exchange risk. The Company uses derivative transactions, specifically currency options, to address this risk.」
The company reconfirms the foreign exchange risk on foreign-currency-denominated liabilities related to feed imports and the use of currency options as a measure. - FY2016First statedAnnual report
「Some of these liabilities are denominated in foreign currencies in connection with feed imports and are exposed to foreign exchange risk. The Company uses derivative transactions, specifically currency options, to address this risk.」
The company recognizes the foreign exchange risk associated with feed imports and uses currency options.