Foreign Exchange Rate Risk
First written in FY2016. 13 of 31 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-08-04.
Umios moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2024: 14 of 32 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- 2026-08-04MaterialisedEarnings presentation
「Overseas: Profit declined mainly because of foreign exchange effects.」
Foreign exchange effects were identified as a factor behind the decline in overseas profit. - FY2026Decrease in Foreign-Exchange GainsAnnual report
「Ordinary profit was ¥31,251 million, down ¥1,003 million from the previous consolidated fiscal year, a decrease of 3.1%. The main changes were a ¥1,452 million decrease in foreign exchange gains, a ¥321 million increase in interest expenses, a ¥310 million decrease in dividend income, and an ¥809 million increase in operating profit.」
Foreign exchange gains decreased by ¥1,452 million from the previous fiscal year, contributing to lower ordinary profit. The hedging policy using forward exchange contracts and other instruments remains in place. - 2026-05-11WorsenedEarnings
「Foreign exchange gains 1,714 262」
Foreign exchange gains declined from ¥1,714 million to ¥262 million, reducing the tailwind from currency movements on earnings. - FY2026-H1WorsenedAnnual report
「Foreign exchange loss 1,050」
The foreign exchange loss for the six-month period ended 30 September was ¥1,050 million, up from ¥952 million in the same period of the previous year. The impact of exchange rate movements on profit and loss continued. - FY2025Decrease in Foreign-Exchange GainsAnnual report
「The main changes were a ¥3,847 million increase in operating profit, a ¥1,571 million decrease in foreign exchange gains, a ¥741 million increase in interest expenses, and a ¥581 million decrease in equity-method investment gains and losses.」
Foreign exchange gains decreased by ¥1,571 million from the previous year, partially restraining the increase in ordinary profit. - FY2025-H1WorsenedAnnual report
「Ordinary profit was ¥15,689 million, down ¥5,225 million from the same period of the previous year, a decrease of 25.0%. The main changes were a ¥3,589 million decrease in earnings from foreign exchange gains and losses, a ¥686 million decrease in operating profit, a ¥651 million decrease in equity-method investment gains, and a ¥500 million increase in interest expenses.」
Earnings from foreign exchange gains and losses decreased by ¥3,589 million, changing from a foreign exchange gain in the same period of the previous year to a foreign exchange loss of ¥952 million. - FY2024-Q3Increase in foreign-exchange gainsAnnual report
「The main changes were a ¥1,588 million decrease in operating profit, a ¥914 million increase in interest expenses, and an ¥809 million increase in foreign exchange gains.」
The ¥809 million increase in foreign exchange gains partially offset the decline in ordinary profit. The disclosure does not indicate that foreign exchange risk itself had disappeared. - FY2024-Q2Decrease in foreign exchange gains and increase in interest expensesAnnual report
「Ordinary profit was ¥20,914 million, down ¥294 million from the same period of the previous year, a decrease of 1.4%. The main changes were a ¥1,325 million decrease in foreign exchange gains, a ¥628 million increase in interest expenses, and an ¥823 million increase in operating profit.」
The ¥1,325 million decrease in foreign exchange gains and the ¥628 million increase in interest expenses contributed to the year-on-year decline in ordinary profit. The disclosure does not indicate that foreign exchange risk itself had disappeared. - FY2024-Q1Decrease in Foreign-Exchange GainsAnnual report
「Ordinary profit was ¥11,213 million, down ¥962 million from the same period of the previous year, a decrease of 7.9%. The main changes were a ¥1,154 million decrease in foreign exchange gains, a ¥294 million increase in interest expenses, and a ¥293 million increase in equity-method investment gains.」
The ¥1,154 million decrease in foreign exchange gains contributed to lower ordinary profit. The disclosure does not state that foreign exchange risk itself had disappeared. - FY2023Increase in earnings from foreign exchange gainsAnnual report
「Ordinary profit was ¥33,500 million, up ¥5,903 million from the previous consolidated fiscal year, an increase of 21.4%. The main changes were a ¥5,756 million increase in operating profit, a ¥1,581 million increase in foreign exchange gains, a ¥878 million increase in interest expenses, and a ¥421 million increase in the provision for doubtful accounts.」
The ¥1,581 million increase in foreign exchange gains contributed to higher ordinary profit. The disclosure does not state that foreign exchange risk itself had disappeared. - FY2023-Q3Increase in earnings from foreign exchange gains and lossesAnnual report
「Ordinary profit was ¥30,847 million, up ¥6,079 million from the same period of the previous year, an increase of 24.5%. The main changes were a ¥4,573 million increase in operating profit and a ¥2,555 million increase in earnings from foreign exchange gains and losses.」
The ¥2,555 million increase in earnings from foreign exchange gains and losses contributed to higher ordinary profit. The disclosure does not state that foreign exchange risk itself had disappeared. - FY2023-Q2Increase in earnings from foreign exchange gainsAnnual report
「Ordinary profit was ¥21,209 million, up ¥7,352 million from the same period of the previous year, an increase of 53.1%. The main changes were an increase of ¥4,457 million from foreign exchange gains and losses and a ¥3,472 million increase in operating profit.」
The ¥4,457 million increase in earnings from foreign exchange gains and losses contributed to higher ordinary profit. The disclosure does not state that foreign exchange risk itself had disappeared. - FY2023-Q1Increase in foreign exchange gains and impact of yen depreciationAnnual report
「The main changes were an increase of ¥3,088 million from foreign exchange gains and losses and a ¥1,571 million increase in operating profit.」
The ¥3,088 million increase in ordinary profit from foreign exchange gains and losses was disclosed, while higher procurement costs associated with historic yen depreciation were also noted. The disclosure does not indicate that foreign exchange risk itself had disappeared. - FY2022Increase in foreign-exchange gainsAnnual report
「The main factors behind the increase in earnings were a ¥7,647 million increase in operating profit, a ¥1,181 million increase in subsidy income, and a ¥512 million increase in foreign exchange gains.」
The increase in foreign exchange gains, rather than foreign exchange losses, was identified as a factor behind higher ordinary profit for the period. The disclosure does not indicate that foreign exchange risk itself had disappeared. - FY2022-Q2WorsenedAnnual report
「The main changes were an increase of ¥2,214 million in operating profit and a ¥457 million increase in foreign exchange losses.」
Foreign exchange losses increased by ¥457 million from the same period of the previous year, increasing the impact of exchange rate movements on profit and loss. - FY2022-Q1Decline in foreign-exchange lossesAnnual report
「The main changes were an increase of ¥2,155 million in operating profit and a ¥419 million decrease in foreign exchange losses.」
The disclosure states that foreign exchange losses decreased by ¥419 million from the same period of the previous year, but does not indicate that foreign exchange risk itself had disappeared. - FY2021-Q3MaterialisedAnnual report
「Foreign exchange loss 571」
A foreign exchange loss of ¥571 million was recognized for the nine-month period ended 31 December, and the impact of exchange rate movements on profit and loss was reflected in the results. - FY2021-Q1MaterialisedAnnual report
「Foreign exchange loss 725」
A foreign exchange loss of ¥725 million was recognized for the three-month period ended 30 June, and the impact of exchange rate movements on profit and loss was reflected in the results. This was an increase from ¥307 million in the same period of the previous year. - FY2020-Q1MaterialisedAnnual report
「Foreign exchange loss 307」
A foreign exchange loss of ¥307 million was recognized for the three-month period ended 30 June, and the impact of exchange rate movements on profit and loss was reflected in the results. - FY2019-Q3MaterialisedAnnual report
「In the Seafood Trading unit, many major species remained in the high-price range. Although sales were approximately at the previous year's level, higher fish prices and the resulting increase in procurement costs due to the weaker yen led to lower profit.」
Higher procurement costs resulting from yen depreciation were also identified as a factor behind lower earnings in the Seafood Trading Unit for the nine-month period. - FY2019-Q2MaterialisedAnnual report
「The Overseas Units reported higher revenue but lower earnings. The pet food business in Thailand, exports of Japanese seafood, and the addition of 1 operating fishing vessel in New Zealand contributed to higher sales, but catches were weak in New Zealand and Australia, and the appreciation of the Thai baht against the US dollar affected earnings.」
The appreciation of the Thai baht against the US dollar was reflected in the results as a factor behind lower earnings in the Overseas Units. - FY2019-Q1MaterialisedAnnual report
「In the Seafood Trading unit, many major species remained in the high-price range, and sales of raw materials and processed products, centered on tuna, remained strong. However, the impact of higher landing prices and a weaker yen on procurement costs resulted in sales approximately at the previous year's level but lower profit.」
Higher procurement costs resulting from yen depreciation were reflected in the results as a factor behind lower earnings in the Seafood Trading Unit. - FY2018RestatedAnnual report
「Accordingly, to hedge the risk of fluctuations in exchange rates, we enter into forward exchange contracts and take other measures to minimize their impact.」
The explanation continues to cover hedging through forward exchange contracts and other instruments, with unexpected sharp exchange rate movements identified as a residual risk. - FY2018-Q3MaterialisedAnnual report
「In the Seafood Trading business, many major species remained in the high-price range, and sales of raw materials and processed products, centered on frozen fish and shrimp, remained strong. However, the impact of higher landing prices and a weaker yen on procurement costs resulted in higher sales and lower profit.」
Higher procurement costs resulting from yen depreciation were identified as a factor behind lower earnings for the nine-month period ended 31 December. - FY2018-Q2MaterialisedAnnual report
「In the Seafood Trading business, many major species remained in the high-price range, and sales of raw materials and processed products, centered on frozen fish and shrimp, remained strong. However, the impact of higher landing prices and a weaker yen on procurement costs resulted in higher sales and lower profit.」
Higher procurement costs resulting from yen depreciation were reflected in the results as a factor behind lower earnings in the Seafood Trading business. - FY2018-Q1MaterialisedAnnual report
「In the Seafood Trading business, sales of raw materials and processed products, mainly frozen fish and shrimp, remained strong while many major fish species were trading at high price levels. However, procurement costs increased due to higher landing prices and yen depreciation, resulting in revenue at approximately the previous year's level but lower earnings.」
Higher procurement costs resulting from yen depreciation were reflected in the results as a factor behind lower earnings in the Seafood Trading business. - FY2017RestatedAnnual report
「Accordingly, to hedge the risk of fluctuations in exchange rates, we enter into forward exchange contracts and take other measures to minimize their impact. However, if exchange rates fluctuate sharply beyond expectations, this may affect the Group's operating results and financial position.」
The explanation continues to cover hedging through forward exchange contracts and other instruments, with unexpected sharp movements identified as a residual risk. No foreign exchange loss is presented separately for the period, and no new loss amount is disclosed. - FY2017-Q3MaterialisedAnnual report
「Foreign exchange loss ¥724 million」
A foreign exchange loss of ¥724 million was recognized for the nine-month period ended 31 December, and the impact of exchange rate movements on profit and loss was reflected in the results. The disclosures also identify businesses where lower procurement costs resulting from yen appreciation contributed to higher earnings. - FY2017-Q2MaterialisedAnnual report
「Foreign exchange loss ¥2,221 million」
A ¥2,221 million loss from exchange rate movements was recognized as a non-operating expense. Meanwhile, the disclosures also identify businesses where lower procurement costs resulting from yen appreciation contributed to higher earnings. - FY2017-Q1MaterialisedAnnual report
「Foreign exchange loss ¥1,633 million」
A foreign exchange loss of ¥1,633 million was recognized in the quarterly consolidated income statement, and the impact of exchange rate movements on profit and loss was reflected in the results. - FY2016First statedAnnual report
「To hedge the risk of fluctuations in exchange rates, we enter into forward exchange contracts and take other measures to minimize their impact. However, if exchange rates fluctuate sharply beyond expectations, this may affect the Group's operating results and financial position.」
While implementing hedges using forward exchange contracts and other instruments, the Group identifies unexpected sharp movements as a residual risk.