Komori
T.Kawabe & (8123) · InitiativeReframed

Hedging foreign exchange and interest rate risk

First written in FY2020. 2 of 5 entries say "Restated". Latest entry: FY2026.

5entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2020 – FY2021RestatedFY2023-Q22020: 120202021: 120212022: 220222023: 020232024: 020242025: 020252026: 12026
Same theme, other companies
Hedging Policy for Foreign Exchange and Interest Rate Fluctuation RiskA theme 99 companies write about · 26 as a headwind · 71 as a tailwind

T.Kawabe & moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).

The whole theme swung hardest in 2026: 8 of 45 companies on the "Worse" side.

3 other companies' latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 99 companies compared. The sentences above are computed from all 99.
Full recordFilings, disclosures and news, newest first
  1. FY2026ReframedAnnual report

    「We use forward foreign-exchange transactions and currency option transactions to avoid foreign-exchange fluctuation risk and have a policy of not engaging in derivatives transactions for speculative purposes.」

    The previous hedging policy using forward foreign-exchange contracts, currency swaps and other instruments was described as a policy of using forward foreign-exchange contracts and currency option transactions. Derivatives had a fair value of ¥6.907 million for the fiscal year.
  2. FY2023-Q2RestatedAnnual report

    「Based on the assumption that the yen's depreciation trend would persist, we used forward foreign-exchange contracts and reviewed the prices of some products, while working to control costs.」

    Based on the assumption that the yen's depreciation trend would persist, it continued its existing response to foreign-exchange and cost pressures by using forward foreign-exchange contracts and reviewing the prices of some products.
  3. FY2023-Q1AdvancedAnnual report

    「Use of forward foreign-exchange contracts based on an ongoing yen depreciation trend」

    The use of forward foreign-exchange contracts based on a yen depreciation trend was explicitly identified as an actual measure under the previous forward-contract policy.
  4. FY2021RestatedAnnual report

    「Forward foreign exchange contracts are entered into within the scope of actual demand, in accordance with our internal rules, to mitigate the risk of fluctuations in foreign exchange rates. Currency swaps are entered into to mitigate foreign exchange risk, while interest-rate swaps are entered into to mitigate the risk of interest-rate fluctuations on borrowings.」

    It continues to hedge foreign-exchange and interest-rate fluctuation risks using forward foreign-exchange contracts, currency swaps and interest-rate swaps.
  5. FY2020First statedAnnual report

    「Forward foreign exchange contracts are entered into within the scope of actual demand, in accordance with our internal rules, to mitigate the risk of fluctuations in foreign exchange rates. Currency swaps are entered into to mitigate foreign exchange risk, while interest-rate swaps are entered into to mitigate the risk of interest-rate fluctuations on borrowings.」

    It explicitly stated a policy of hedging foreign-exchange and borrowing-rate fluctuation risks within the scope of underlying transactions using forward foreign-exchange contracts, currency swaps and interest-rate swaps.
Moved together

"Sustained return to profitability in the fragrance business" moved the same way as this thread, in the same document, in 2 of its 5 moves.

2222★1234
  1. ★This thread
  2. 1Sustained return to profitability in the fragrance business2×
  3. 2Risk of department store closures, floor-space reductions and relocations, and changes in transaction formats2×
  4. 3Weak performance in other fragrance sales channels2×
  5. 4Establishing a stable earnings structure2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for T.Kawabe & yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.