Foreign Exchange Risk Associated with the Purchase of Foreign-Currency-Denominated Fixed Assets
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「To address this risk, the Group is working to reduce foreign exchange fluctuation risk through hedging instruments such as forward foreign exchange contracts, but a sharp movement in exchange rates could materially affect operating results and financial condition.」
The company continues to identify foreign exchange risk related to the overseas transportation of chemical products and container procurement from overseas manufacturers, as well as its hedging policy using forward foreign exchange contracts and other instruments. - FY2022RestatedAnnual report
「Derivative transactions consist of forward foreign exchange contracts intended to hedge foreign exchange fluctuation risk related to liabilities arising from purchases of fixed assets denominated in foreign currencies. Because transactions are limited to highly rated financial institutions, credit risk is minimal.」
The company continues its policy of hedging foreign exchange fluctuation risk associated with purchases of fixed assets denominated in foreign currencies using forward foreign exchange contracts and limiting counterparties to highly rated financial institutions. - FY2021MitigatedAnnual report
「Derivative transactions consist of forward foreign exchange contracts intended to hedge foreign exchange fluctuation risk related to liabilities arising from purchases of fixed assets denominated in foreign currencies. Because transactions are limited to highly rated financial institutions, credit risk is minimal.」
The company continues its hedging policy using forward foreign exchange contracts, with the contract amount falling from ¥414 million in the previous year to ¥18 million. - FY2019First statedAnnual report
「Derivative transactions consist of forward foreign exchange contracts intended to hedge foreign exchange fluctuation risk related to liabilities arising from purchases of fixed assets denominated in foreign currencies. Because transactions are limited to highly rated financial institutions, credit risk is minimal.」
The company recognizes foreign exchange fluctuation risk associated with purchases of fixed assets denominated in foreign currencies and hedges that risk with forward foreign exchange contracts.