Foreign exchange risk arising from mismatches between foreign-currency assets and liabilities
First written in FY2016. 3 of 11 entries say "Restated". Latest entry: FY2026.
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- FY2026Decrease in foreign-currency assets and liabilitiesAnnual report
「We hold some assets and liabilities denominated in foreign currencies, including US dollars (¥7.1 billion as of the end of March 2026). If in the future foreign-currency-denominated assets and liabilities are not offset against each other for each currency, fluctuations in exchange rates will change the yen-denominated amount of the difference between the assets and liabilities, potentially resulting in unrealized or realized losses. We conduct appropriate hedging as necessary. However, if exchange rates fluctuate significantly beyond expectations, this could affect our operating results and financial condition.」
The scale of foreign-currency-denominated assets and liabilities decreased from ¥8.2 billion to ¥7.1 billion. The policy of managing them through offsetting by currency and hedging as necessary, and the potential impact of exchange-rate fluctuations beyond expectations, continues. - FY2025Update to foreign-currency assets and liabilitiesAnnual report
「We hold some assets and liabilities denominated in foreign currencies, including US dollars (¥8.2 billion as of the end of March 2025). If in the future foreign-currency-denominated assets and liabilities are not offset against each other for each currency, fluctuations in exchange rates will change the yen-denominated amount of the difference between the assets and liabilities, potentially resulting in unrealized or realized losses. We conduct appropriate hedging as necessary. However, if exchange rates fluctuate significantly beyond expectations, this could affect our operating results and financial condition.」
The scale of foreign-currency-denominated assets and liabilities was updated to ¥8.2 billion. The policy of hedging as necessary and the potential impact of exchange-rate fluctuations beyond expectations continue to be disclosed. - FY2024Update to foreign-currency assets and liabilitiesAnnual report
「We hold some assets and liabilities denominated in foreign currencies, including US dollars (¥13.6 billion as of the end of March 2024). If in the future foreign-currency-denominated assets and liabilities are not offset against each other for each currency, fluctuations in exchange rates will change the yen-denominated amount of the difference between the assets and liabilities, potentially resulting in unrealized or realized losses. We conduct appropriate hedging as necessary.」
The scale of foreign-currency-denominated assets and liabilities was updated to ¥13.6 billion, with the policy of managing them through offsetting by currency and hedging as necessary continuing. - FY2023Update to foreign-currency assets and liabilitiesAnnual report
「We hold some assets and liabilities denominated in foreign currencies, including US dollars (¥14.0 billion as of the end of March 2023). If in the future foreign-currency-denominated assets and liabilities are not offset against each other for each currency, fluctuations in exchange rates will change the yen-denominated amount of the difference between the assets and liabilities, potentially resulting in unrealized or realized losses. We conduct appropriate hedging as necessary.」
The scale of foreign-currency-denominated assets and liabilities was updated to ¥14.0 billion, with the policy of managing them through offsetting by currency and hedging as necessary continuing. - FY2022Update to foreign-currency assets and liabilitiesAnnual report
「We hold some assets and liabilities denominated in foreign currencies, including US dollars (¥15.5 billion for the fiscal year ended March 2022). If in the future foreign-currency-denominated assets and liabilities are not offset against each other for each currency, fluctuations in exchange rates will change the yen-denominated amount of the difference between the assets and liabilities, potentially resulting in unrealized or realized losses.」
The disclosure states that the scale of foreign-currency-denominated assets and liabilities is ¥15.5 billion and continues to describe management through offsetting by currency and hedging as necessary. - FY2021Update to foreign-currency assets and liabilitiesAnnual report
「We hold some assets and liabilities denominated in foreign currencies, including US dollars (¥20.9 billion for the fiscal year ended March 2021).」
The disclosure states that the scale of foreign-currency-denominated assets and liabilities is ¥20.9 billion and continues to describe management through offsetting by currency and hedging as necessary. - FY2020Quantitative disclosure of foreign-currency assets and liabilitiesAnnual report
「We hold some assets and liabilities denominated in foreign currencies, including US dollars (¥21.4 billion for the fiscal year ended March 2020). If in the future foreign-currency-denominated assets and liabilities are not offset against each other for each currency, fluctuations in exchange rates will change the yen-denominated amount of the difference between the assets and liabilities, potentially resulting in unrealized or realized losses. We conduct appropriate hedging as necessary.」
The disclosure quantifies the scale of foreign-currency-denominated assets and liabilities at ¥21.4 billion and describes management through offsetting by currency and hedging as necessary. - FY2019RestatedAnnual report
「We control risk so that the amounts of foreign-currency-denominated assets and liabilities are approximately equal for each currency, and therefore fluctuations in exchange rates have very little impact.」
Foreign exchange risk continues to be managed by keeping foreign-currency assets and liabilities at approximately equal amounts for each currency. - FY2018RestatedAnnual report
「We control risk so that the amounts of foreign-currency-denominated assets and liabilities are approximately equal for each currency, and therefore fluctuations in exchange rates have very little impact. However, if in the future the amounts of foreign-currency-denominated assets and liabilities are not offset against each other for each currency or are not appropriately hedged, we will be affected by fluctuations in exchange rates, which could adversely affect our operating results and financial condition.」
The disclosure continues to describe the policy of managing foreign-currency assets and liabilities at approximately equal amounts for each currency, and the risks arising from mismatches. - FY2017RestatedAnnual report
「We control risk so that the amounts of foreign-currency-denominated assets and liabilities are approximately equal for each currency, and therefore fluctuations in exchange rates have very little impact. However, if in the future the amounts of foreign-currency-denominated assets and liabilities are not offset against each other for each currency or are not appropriately hedged, we will be affected by fluctuations in exchange rates, which could adversely affect our operating results and financial condition.」
The disclosure continues to describe the policy of managing foreign-currency assets and liabilities at approximately equal amounts for each currency, and the risks arising from mismatches and inadequate hedging. - FY2016First statedAnnual report
「We control risk so that the amounts of foreign-currency-denominated assets and liabilities are approximately equal for each currency, and therefore fluctuations in exchange rates have very little impact. However, if in the future the amounts of foreign-currency-denominated assets and liabilities are not offset against each other for each currency or are not appropriately hedged, we will be affected by fluctuations in exchange rates.」
While stating that the impact under the current risk controls is limited, the disclosure describes the risks arising from mismatches and inadequate hedging.