Hedging solar irradiation risk through weather derivatives
First written in FY2018. 1 of 2 entries say "Dropped", first in FY2019. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019DroppedAnnual report
「The Group’s derivatives transactions comprise forward foreign exchange contracts to hedge the risk of fluctuations in foreign exchange rates related to foreign-currency-denominated operating receivables and payables, and interest rate swaps to hedge the risk of fluctuations in interest payments on borrowings.」
The weather derivatives for compensation for solar irradiation hours associated with solar power generation system sales disclosed in the previous filing no longer appear in the description and details of derivative transactions in this filing. - FY2018First statedAnnual report
「Derivative transactions comprise forward foreign exchange contracts intended to hedge the risk of exchange-rate fluctuations on foreign-currency-denominated operating receivables and payables, interest rate swaps intended to hedge the risk of fluctuations in interest payments on borrowings, and weather derivatives intended to hedge the risk of fluctuations in compensation for solar irradiation hours associated with sales of solar power generation systems.」
The use of weather derivatives to hedge the risk of fluctuations in compensation for solar irradiation hours associated with sales of solar power generation systems was identified as a theme for the first time. The disclosed amount of weather derivative contracts and other items at the end of the current fiscal year was ¥101 million.