Risk Hedging Using Foreign Exchange Forward Contracts and Interest Rate Swaps
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2025.
Kimuratan moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
3 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「For the consolidated fiscal year ended 31 March 2025, there were no applicable items.」
Although the policy for hedging with forward exchange contracts remains in the accounting policies and financial instruments notes, there were no derivative transactions subject to hedge accounting at the end of the fiscal year. - FY2024AdvancedAnnual report
「Forward exchange contracts | Trade payables (forecast transactions) | Buy | U.S. dollars | 6,021 | — | 6,178」
The contract amount of forward exchange contracts for foreign-currency-denominated forecast transactions was ¥6.021 million, up from ¥1.667 million in the previous fiscal year. - FY2023MitigatedAnnual report
「Forward exchange contracts | Trade payables (forecast transactions) | Buy | U.S. dollars | 1,667 | — | 1,728」
Forward exchange contracts for foreign-currency-denominated forecast transactions have continued, but the contract amount was ¥1.667 million, down from ¥22.962 million in the previous fiscal year. - FY2022MitigatedAnnual report
「Forward exchange contracts | Trade payables (forecast transactions) | Buy | U.S. dollars | 22,962 | — | 1,680」
The contract amount of forward exchange contracts for forecast transactions was ¥22.962 million, down from ¥239.265 million in the previous fiscal year. Foreign exchange hedging has continued, but the amount covered has decreased. - FY2021RestatedAnnual report
「Foreign-currency-denominated trade payables are exposed to foreign exchange risk, which we hedge through forward exchange contracts. Derivative transactions are limited to risk-hedging purposes and conducted within the scope of actual demand, in accordance with our internal management rules.」
The company continues its policy of using forward exchange contracts for foreign-currency-denominated liabilities and limiting hedging transactions to the scope of actual underlying demand. - FY2018RestatedAnnual report
「Foreign-currency-denominated operating liabilities are exposed to exchange-rate risk, which we hedge through forward exchange contracts. Derivative transactions are limited to risk-hedging purposes and conducted within the scope of actual underlying demand in accordance with internal management rules.」
The company continues its policy of using forward exchange contracts for foreign-currency-denominated liabilities and limiting hedging transactions to the scope of actual underlying demand. - FY2017RestatedAnnual report
「Foreign-currency-denominated operating liabilities are exposed to exchange-rate risk, which we hedge through forward exchange contracts. Derivative transactions are limited to risk-hedging purposes and conducted within the scope of actual underlying demand in accordance with internal management rules.」
The company continues its policy of using forward exchange contracts for foreign-currency-denominated liabilities and limiting hedging transactions to the scope of actual underlying demand. - FY2016First statedAnnual report
「Foreign-currency-denominated operating liabilities are exposed to exchange-rate risk, which we hedge through forward exchange contracts. For the interest-rate risk on some long-term borrowings, we fix the interest payable through interest-rate swap transactions.」
The company uses derivatives solely for hedging purposes against foreign exchange risk on foreign-currency-denominated accounts payable and interest-rate risk on long-term borrowings.