Hedging Foreign Exchange Risk with Forward Contracts
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2026.
87 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company enters into foreign exchange-related derivative transactions using forward foreign exchange contracts to hedge the risk that exchange-rate fluctuations will change the value of its revenue, expenses or foreign-currency-denominated assets and liabilities. All such transactions are executed in accordance with internal rules overseen by the Finance Department, and the Company does not use speculative derivatives for trading purposes that are not specified in those rules.」
The Company continues its policy of limiting forward foreign exchange contracts to hedging purposes and not engaging in speculative transactions under internal rules overseen by the Finance Department. - FY2020AdvancedAnnual report
「The Group uses forward foreign exchange contracts, foreign exchange matching and foreign-currency-denominated borrowings to mitigate the impact of exchange-rate fluctuations on profit and loss and is working to hedge the risks.」
In addition to hedging through conventional forward foreign exchange contracts, the Company explicitly disclosed the use of foreign exchange matching and foreign-currency-denominated borrowings as hedging measures. - FY2019RestatedAnnual report
「The Company enters into foreign exchange-related derivative transactions using forward foreign exchange contracts to hedge the risk that exchange-rate fluctuations will change the value of its revenue, expenses or foreign-currency-denominated assets and liabilities. All such transactions are executed in accordance with internal rules overseen by the Finance Department, and the Company does not use speculative derivatives for trading purposes that are not specified in those rules.」
The Company continues its policy of limiting forward foreign exchange contracts to hedging based on underlying commercial transactions and not engaging in speculative transactions under internal rules overseen by the Finance Department. - FY2016First statedAnnual report
「The Company enters into foreign exchange-related derivative transactions using forward foreign exchange contracts to hedge the risk that exchange-rate fluctuations will change the value of its revenue, expenses or foreign-currency-denominated assets and liabilities. All such transactions are executed in accordance with internal rules overseen by the Finance Department, and the Company does not use speculative derivatives for trading purposes that are not specified in those rules.」
The Company limits forward foreign exchange contracts to hedging purposes and has a policy of not engaging in speculative transactions under internal rules overseen by the Finance Department.