“So far this year, the impact on revenue has been minor, and while it could increase in the latter half of the year, I do not anticipate it to be significant on an annual basis because of how our hedging programs are functioning.”

In context

“Joo Mi Kim (CFO): Yes. Due to our hedging program, we have forward contracts in place on both the revenue and expense sides. Currently, the portion we hedge is providing some benefits, with gains or losses offsetting each other. So far this year, the impact on revenue has been minor, and while it could increase in the latter half of the year, I do not anticipate it to be significant on an annual basis because of how our hedging programs are functioning. On the expense side, we have hedged the INR, which makes up about 15% of our expenses. The benefits and losses in this area also balance each other out. As a result, it hasn't had a material effect on our margins over the past couple of years, and I don't expect it to be significant in the next 12 months either.”