Hedging through foreign exchange forward contracts within underlying business needs
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2022.
86 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company recognizes that foreign-currency-denominated transactions carry the risk of fluctuations in foreign exchange rates, but uses forward exchange contracts within the scope of underlying demand, does not enter into long-term contracts exceeding one year, and does not engage in transactions for arbitrage or speculative purposes. It uses forward exchange contracts to avoid the risk of fluctuations in foreign exchange rates.」
Continues the operating policy for forward exchange contracts: within the scope of underlying demand, no more than 1 year, and non-speculative. - FY2020RestatedAnnual report
「The Company recognizes that foreign-currency-denominated transactions carry the risk of fluctuations in foreign exchange rates, but uses forward exchange contracts within the scope of underlying demand, does not enter into long-term contracts exceeding one year, and does not engage in transactions for arbitrage or speculative purposes. It uses forward exchange contracts to avoid the risk of fluctuations in foreign exchange rates.」
Continues the operating policy for forward exchange contracts: within the scope of underlying demand, no more than 1 year, and non-speculative. - FY2018RestatedAnnual report
「The Company recognizes that foreign-currency-denominated transactions carry the risk of fluctuations in foreign exchange rates, but uses forward exchange contracts within the scope of underlying demand, does not enter into long-term contracts exceeding one year, and does not engage in transactions for arbitrage or speculative purposes. It uses forward exchange contracts to avoid the risk of fluctuations in foreign exchange rates.」
Reiterates the operating policy for forward exchange contracts: within the scope of underlying demand, no more than 1 year, and non-speculative. - FY2017RestatedAnnual report
「The Company recognizes that foreign-currency-denominated transactions carry the risk of fluctuations in foreign exchange rates, but uses forward exchange contracts within the scope of underlying demand, does not enter into long-term contracts exceeding one year, and does not engage in transactions for arbitrage or speculative purposes. It uses forward exchange contracts to avoid the risk of fluctuations in foreign exchange rates.」
Reiterates the operating policy for forward exchange contracts: within the scope of underlying demand, no more than 1 year, and non-speculative. - FY2016First statedAnnual report
「The Company uses forward exchange contracts within the scope of underlying demand, does not enter into long-term contracts exceeding one year, and does not engage in transactions for arbitrage or speculative purposes. It uses forward exchange contracts to avoid the risk of fluctuations in foreign exchange rates.」
As a foreign exchange risk management policy, uses forward exchange contracts within the scope of underlying demand, with maturities of no more than 1 year and no speculative transactions.