Managing Foreign Exchange and Interest Rate Risk with Derivatives for Hedging, Not Speculation
First written in FY2016. 6 of 7 entries say "Restated". Latest entry: FY2024.
96 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「In accordance with its derivatives trading rules, the Company uses derivatives only to the extent necessary in the ordinary course of business and does not engage in derivatives trading for aggressive speculative purposes aimed at generating investment returns.」
The policy of limiting derivatives to the extent necessary for business operations and not using them for speculative purposes continues. - FY2022RestatedAnnual report
「In accordance with its derivatives trading rules, the Company uses derivatives only to the extent necessary in the ordinary course of business and does not engage in derivatives trading for aggressive speculative purposes aimed at generating investment returns.」
The policy of limiting forward foreign exchange contracts, currency options and interest rate swaps to the extent necessary and not using them for speculative purposes continues. - FY2021RestatedAnnual report
「In accordance with its derivatives trading rules, the Company uses derivatives only to the extent necessary in the ordinary course of business and does not engage in derivatives trading for aggressive speculative purposes aimed at generating investment returns.」
The policy of limiting forward foreign exchange contracts, currency options and interest rate swaps to the extent necessary and not using them for speculative purposes continues. - FY2020RestatedAnnual report
「In accordance with its derivatives trading rules, the Company uses derivatives only to the extent necessary in the ordinary course of business and does not engage in derivatives trading for aggressive speculative purposes aimed at generating investment returns.」
The policy of limiting forward foreign exchange contracts, currency options and interest rate swaps to the extent necessary and not using them for speculative purposes continues. - FY2019RestatedAnnual report
「In accordance with its derivatives trading rules, the Company uses derivatives only to the extent necessary in the ordinary course of business and does not engage in derivatives trading for aggressive speculative purposes aimed at generating investment returns.」
The policy of limiting forward foreign exchange contracts, currency options and interest rate swaps to the extent necessary and not using them for speculative purposes is reiterated. - FY2017RestatedAnnual report
「In accordance with its derivatives trading rules, the Company uses derivatives only to the extent necessary in the ordinary course of business and does not engage in derivatives trading for aggressive speculative purposes aimed at generating investment returns.」
The policy of limiting derivatives to the extent necessary for business operations and not using them for speculative purposes is reiterated. - FY2016First statedAnnual report
「In accordance with its derivatives trading rules, the Company uses derivatives only to the extent necessary in the ordinary course of business and does not engage in derivatives trading for aggressive speculative purposes aimed at generating investment returns.」
The policy states that forward foreign exchange contracts, currency options and interest rate swaps are limited to the extent necessary for business operations and are not used for speculative purposes.