Which of the following firms would NOT bear risk caused by translation exposure?

A U.S based manufacturing firm with a fully owned subsidiary that generates earnings in Japan. The subsidiary always keeps and reinvests the earnings.

A U.S. based retailer with a fully owned subsidiary in Canada that generates losses in Canada that the parent firm occasionally covers.

A U.S. based firm with a subsidiary in Britain that occasionally remits earnings to the parent firm.

All of the above are subject to translation exposure.