Risk of Exchange-Rate Movements Affecting Foreign-Currency-Denominated Receivables and Payables
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2024-Q3.
Sankyo Kasei moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 28 of 52 companies on the "Worse" side.
11 other companies' latest entry also says "Materialised".
- FY2024-Q3MaterialisedAnnual report
「As some imported products face price competition amid a sharp trend toward yen depreciation」
Price competition affecting imported products due to substantial yen depreciation was actually disclosed as a business impact of exchange-rate fluctuation risk relating to foreign-currency-denominated transactions and other activities. - FY2023ReframedAnnual report
「The Group enters into forward foreign exchange contracts as a hedging instrument to mitigate exchange-rate fluctuation risk relating to import and export transactions and other activities. However, exchange-rate fluctuations beyond expectations could affect the Group's operating results and financial position.」
The scope of disclosure was reorganized and expanded from the previous explanation of foreign-currency-denominated trade receivables and payables to exchange-rate fluctuation risk relating to import and export transactions and other activities. - FY2020RestatedAnnual report
「The only derivative transactions are forward foreign exchange contracts entered into to hedge the risk of exchange-rate fluctuations relating to foreign-currency-denominated trade receivables and payables.」
The Company continues to hedge exchange-rate fluctuation risk relating to foreign-currency-denominated trade receivables and payables using forward foreign exchange contracts. - FY2019RestatedAnnual report
「The only derivative transactions are forward foreign exchange contracts entered into to hedge the risk of exchange-rate fluctuations relating to foreign-currency-denominated trade receivables and payables.」
The Company continues to hedge exchange-rate fluctuation risk relating to foreign-currency-denominated trade receivables and payables using forward foreign exchange contracts. - FY2018RestatedAnnual report
「The only derivative transactions are forward foreign exchange contracts entered into to hedge the risk of exchange-rate fluctuations relating to foreign-currency-denominated trade receivables and payables.」
The Company continues to hedge exchange-rate fluctuation risk relating to foreign-currency-denominated trade receivables and payables using forward foreign exchange contracts. - FY2017First statedAnnual report
「The only derivative transactions are forward foreign exchange contracts entered into to hedge the risk of exchange-rate fluctuations relating to foreign-currency-denominated trade receivables and payables.」
The Company describes exchange-rate fluctuation risk relating to foreign-currency-denominated trade receivables and payables, as well as forward foreign exchange contracts as the related hedging instrument.