Hedging import transactions with foreign exchange forward contracts
First written in FY2016. 5 of 18 entries say "Restated". Latest entry: FY2027-H1.
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- FY2027-H1Slight decline in forward exchange contract balancesAnnual report
「Interim consolidated accounting period (30 September 2026); Derivative transactions to which hedge accounting is not applied; Underlying: currencies; Transaction: forward exchange contracts; Contract amount, etc. (¥ thousand): 120,519; Fair value (¥ thousand): 1,186; Valuation gain or loss (¥ thousand): 1,186」
The contract amount of forward exchange contracts to which hedge accounting was not applied declined slightly from ¥123,662 thousand at the end of the previous fiscal year to ¥120,519 thousand. - FY2026Hedged transactions decreased, while unhedged transactions increasedAnnual report
「Transactions other than market transactions Forward exchange contracts Long position US dollars 123,662 － 9,431 9,431 Basic accounting method Forward exchange contracts Long position US dollars Trade accounts payable 170,143 － 14,349」
At the end of the current fiscal year, the amount not subject to hedge accounting increased from ¥42.149 million at the end of the previous fiscal year to ¥123.662 million, while the amount subject to hedge accounting decreased from ¥843.705 million to ¥170.143 million. - FY2026-H1Increase in the balance of forward exchange contractsAnnual report
「First six months of the current consolidated fiscal year (30 September 2025) Derivative transactions not subject to hedge accounting Type of underlying asset: Currency Type of transaction: Forward exchange contracts Contract amount, etc. (¥ thousands): 93,481 Fair value (¥ thousands): 1,602 Valuation gain or loss (¥ thousands): 1,602」
The policy of using forward exchange contracts remains in place, and the contract amount not subject to hedge accounting increased from ¥42.149 million at the end of the previous fiscal year to ¥93.481 million. - FY2025The portion subject to hedge accounting reappeared, increasing the contract amountAnnual report
「Basic accounting method Forward exchange contracts Long position US dollars Trade accounts payable 843,705 － 22,136」
Although there was no portion subject to hedge accounting at the end of the previous fiscal year, forward exchange contracts of ¥843.705 million against trade accounts payable reappeared at the end of the current fiscal year. The portion not subject to hedge accounting was ¥42.149 million. - FY2024The portion subject to hedge accounting disappeared, reducing the balance of forward exchange contractsAnnual report
「Consolidated fiscal year ended 31 March 2024 Transactions other than market transactions Forward exchange contracts Long position US dollars 69,188 － 5,949 5,949」
At the end of March 2024, forward exchange contracts consisted solely of a ¥69.188 million contract amount not subject to hedge accounting, down from ¥173.524 million not subject to hedge accounting and ¥405.890 million subject to hedge accounting at the end of the previous fiscal year. - FY2024-Q2The balance of forward exchange contracts during the period was zeroAnnual report
「Second quarter of the current consolidated fiscal year (30 September 2023) There were no applicable items.」
Although a balance of forward exchange contracts was disclosed at the end of the previous consolidated fiscal year, the company stated that there were no applicable derivative transactions as of 30 September 2023. - FY2023-Q2Decrease in the balance of forward exchange contractsAnnual report
「Second quarter of the current consolidated fiscal year (30 September 2022) 1. Derivative transactions not subject to hedge accounting Forward exchange contracts 103,870 11,483 11,483 2. Derivative transactions subject to hedge accounting Forward exchange contracts 33,288 － 3,785」
The policy of using forward exchange contracts remains in place, but the contract amount decreased from ¥141.603 million not subject to hedge accounting and ¥452.890 million subject to hedge accounting at the end of the previous consolidated fiscal year to ¥103.870 million and ¥33.288 million, respectively. - FY2022Increase in the balance of forward exchange contracts at period-endAnnual report
「Forward exchange contracts Long position US dollars 141,603 － 10,606 10,606」
For forward exchange contracts, whose balance was zero at the end of the previous fiscal year, contract balances of ¥141.603 million for the portion not subject to hedge accounting and ¥452.890 million for the portion subject to hedge accounting were disclosed at the end of the current fiscal year. - FY2022-Q2The balance of forward exchange contracts reappeared during the periodAnnual report
「Second quarter of the current consolidated fiscal year (30 September 2021) 1. Derivative transactions not subject to hedge accounting Forward exchange contracts 106,035 2,231 2,231 2. Derivative transactions subject to hedge accounting Forward exchange contracts 138,982 － 3,094」
For forward exchange contracts, for which there were no applicable items at the end of the previous consolidated fiscal year, contract amounts of ¥106.035 million for the portion not subject to hedge accounting and ¥138.982 million for the portion subject to hedge accounting were disclosed as of 30 September 2021. - FY2021The balance of forward exchange contracts at period-end was zeroAnnual report
「The Group enters into forward exchange contracts within the scope of its ordinary transactions to hedge the risk of exchange-rate fluctuations associated with import transactions, but medium- to long-term exchange-rate fluctuations may affect the Group's performance. Consolidated fiscal year ended 31 March 2021 There were no applicable items.」
Although the policy of using forward exchange contracts to hedge exchange-rate fluctuations on import transactions remains in place, as of 31 March 2021 there were no derivative transactions disclosed for either the portion subject to hedge accounting or the portion not subject to hedge accounting, and the period-end balance was zero. - FY2021-Q2Decrease in the contract amount of forward exchange contractsAnnual report
「Forward exchange contracts 995,198 － 14,470」
The company continues to use forward exchange contracts to hedge exchange-rate fluctuations on import transactions and other activities. The contract amount subject to hedge accounting decreased from ¥1,471.774 million at the end of the previous consolidated fiscal year to ¥995.198 million. - FY2020Increase in the notional amount of hedging contractsAnnual report
「Basic treatment method Foreign exchange forward transactions Long position US dollars Accounts payable 1,471,774 － 38,036」
The policy of using forward exchange contracts to hedge exchange-rate fluctuations on import transactions remains in place, and the contract amount subject to hedge accounting is ¥1,471.774 million. - FY2020-Q2RestatedAnnual report
「Currency derivatives are important to the operation of the group’s businesses, and significant changes have occurred compared with the end of the previous consolidated fiscal year.」
The Company continues to enter into foreign exchange forward contracts to prepare for foreign exchange fluctuations related to imports and other transactions. The notional amount of contracts subject to hedge accounting is ¥1.729401 billion, with a fair value of ¥3.458 million. - FY2019-Q2RestatedAnnual report
「Currency derivatives are important to the operation of the group’s businesses, and significant changes have occurred compared with the end of the previous consolidated fiscal year.」
The Company continues to enter into foreign exchange forward contracts. The notional amount of contracts subject to hedge accounting is ¥828.23 million, with a fair value of ¥41.109 million. The Company continues to disclose measures for preparing for foreign exchange fluctuations related to imports and other transactions. - FY2018RestatedAnnual report
「With respect to derivative transactions, the Company enters into comprehensive foreign exchange forward contracts within the normal course of business for foreign-currency-denominated accounts payable, to prepare for the risk of foreign exchange fluctuations related to imports. The Company does not enter into long-term contracts exceeding 12 months or speculative transactions.」
The Company continues its policy of entering into foreign exchange forward contracts within the normal course of business to hedge foreign exchange fluctuations related to imports, while not entering into long-term contracts exceeding 12 months or speculative transactions. - FY2018-Q2RestatedAnnual report
「Currency derivatives are important to the operation of the group’s businesses, and significant changes have occurred compared with the end of the previous consolidated fiscal year.」
The Company continues to enter into foreign exchange forward contracts to prepare for foreign exchange fluctuations related to imports and other transactions. At the end of the second quarter, the notional amount of contracts subject to hedge accounting was ¥750 million, with a fair value of ¥23.85 million. - FY2017-Q2RestatedAnnual report
「Currency derivatives are important to the operation of the group’s businesses, and significant changes have occurred compared with the end of the previous consolidated fiscal year.」
Currency derivatives remain a material type of transaction. The disclosed notional amount of foreign exchange forward contracts subject to hedge accounting is ¥1.465 billion, with a fair value of negative ¥123 million. - FY2016First statedAnnual report
「With respect to derivative transactions, the Company enters into comprehensive foreign exchange forward contracts within the normal course of business for foreign-currency-denominated accounts payable, to prepare for the risk of foreign exchange fluctuations related to imports. The Company does not enter into long-term contracts exceeding 12 months or speculative transactions.」
The Company enters into foreign exchange forward contracts within the normal course of business to hedge foreign exchange fluctuations related to imports, and does not enter into long-term contracts exceeding 12 months or speculative transactions.