Hedging Policy for Foreign Exchange and Interest Rate Risk
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2025.
49 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company is working to minimize the impact of exchange rate fluctuations through foreign exchange contracts and other measures. It is also working to keep the impact of interest rate fluctuations within the anticipated range by using long-term borrowings at fixed interest rates, financing through bonds and interest rate swaps, among other measures.」
The company continues to conduct non-speculative hedging using foreign exchange contracts, fixed-rate borrowings, bonds and interest rate swaps. - FY2021RestatedAnnual report
「Derivatives are used to avoid foreign exchange fluctuation risk on foreign-currency-denominated trade receivables and trade payables, as well as interest rate fluctuation risk on borrowings and other exposures, and the policy is not to engage in speculative transactions.」
The policy of continuing to use foreign exchange contracts, currency swaps and interest rate swaps solely for risk mitigation purposes remains in place. - FY2019RestatedAnnual report
「Derivatives are used to avoid foreign exchange fluctuation risk on foreign-currency-denominated trade receivables and trade payables, as well as interest rate fluctuation risk on borrowings and other exposures, and the policy is not to engage in speculative transactions.」
The hedging policy of limiting foreign exchange contracts, currency swaps and interest rate swaps to risk mitigation purposes remains in place. - FY2018RestatedAnnual report
「Derivatives are used to avoid foreign exchange fluctuation risk on foreign-currency-denominated trade receivables and trade payables, as well as interest rate fluctuation risk on borrowings, and the policy is not to engage in speculative transactions.」
The policy of limiting foreign exchange contracts and interest rate swaps to risk mitigation purposes remains in place. - FY2016First statedAnnual report
「Derivatives are used to avoid foreign exchange fluctuation risk on foreign-currency-denominated trade receivables and trade payables, as well as interest rate fluctuation risk on borrowings, and the policy is not to engage in speculative transactions.」
The company intends to use forward foreign exchange contracts and interest rate swaps for risk mitigation rather than speculative purposes.