Policy for avoiding foreign exchange and interest rate fluctuation risks
First written in FY2016. 14 of 28 entries say "Mitigated", first in FY2020-Q3. Latest entry: 2026-11-13.
4 other companies' latest entry also says "Worsened".
- FY2026MitigatedAnnual report
「Foreign exchange gains — 110」
Foreign exchange gains of ¥110 million were recognized in the current year, and the foreign currency translation adjustment also increased from ¥1,557 million at the end of the previous year to ¥3,105 million. Although the disclosure does not state that the impact of foreign exchange had disappeared, foreign exchange losses in the previous year turned into gains. - FY2026-H1MitigatedAnnual report
「Foreign exchange losses 87 7」
Foreign exchange losses decreased from ¥87 million in the same period of the previous year to ¥7 million. Meanwhile, the foreign currency translation adjustment increased from ¥1,557 million at the end of the previous fiscal year to ¥1,990 million, and the disclosure does not state that the impact of foreign exchange had disappeared. - FY2025-H1Foreign exchange loss recognized; foreign currency translation adjustment increasedAnnual report
「Foreign exchange gains 155 — Foreign exchange losses — 87」
While foreign exchange gains of ¥155 million were recognized in the same period of the previous year, no foreign exchange gains were recorded in the current interim consolidated accounting period, and foreign exchange losses of ¥87 million were recognized. Meanwhile, the foreign currency translation adjustment increased from ¥1,473 million at the end of the previous fiscal year to ¥1,678 million. - FY2024MitigatedAnnual report
「Foreign exchange gain 68 175 Foreign currency translation adjustment 633 1,473」
Foreign exchange gains for the full year were ¥175 million, and the foreign currency translation adjustment improved from ¥633 million at the end of the previous fiscal year to ¥1,473 million. - FY2024-Q3MitigatedAnnual report
「Foreign currency translation adjustment 633 1,096」
The foreign currency translation adjustment increased from ¥633 million at the end of the previous consolidated fiscal year to ¥1,096 million, continuing its improvement from a negative balance. It decreased from ¥1,311 million at the end of the previous quarter. - FY2024-Q2MitigatedAnnual report
「Foreign currency translation adjustment 633 1,311」
The foreign currency translation adjustment improved from ¥633 million at the end of the previous consolidated fiscal year to ¥1,311 million. Although the impact of foreign exchange fluctuations remains, the balance has moved from a negative to a positive balance as presented. - FY2024-Q1MitigatedAnnual report
「Foreign exchange gain 138 111 Foreign currency translation adjustment 633 1,132」
The foreign exchange gain decreased from ¥138 million in the same period of the previous year to ¥111 million, while the foreign currency translation adjustment improved from ¥633 million at the end of the previous consolidated fiscal year to ¥1,132 million. - FY2023MitigatedAnnual report
「Foreign exchange gain 115 68 Foreign currency translation adjustment △ 10 633」
For the full fiscal year, the foreign exchange gain was ¥68 million, and the foreign currency translation adjustment improved from negative ¥10 million at the end of the previous fiscal year to ¥633 million. - FY2023-Q3Narrowing improvement in foreign currency translation adjustmentAnnual report
「Foreign exchange gain 43 59 Foreign currency translation adjustment △ 10 436」
The foreign currency translation adjustment improved from negative ¥10 million at the end of the previous consolidated fiscal year to ¥436 million, and the Company recorded a foreign exchange gain of ¥59 million. However, it decreased from ¥793 million at the end of the second quarter of the fiscal year under review as previously reported, meaning that the improvement narrowed on a quarter-on-quarter basis. - FY2023-Q2MitigatedAnnual report
「Foreign currency translation adjustment △ 10 793」
The foreign currency translation adjustment improved from negative ¥10 million at the end of the previous consolidated fiscal year to ¥793 million, and the Company recorded a foreign exchange gain of ¥173 million during the six-month period of the second quarter of the fiscal year under review. - FY2022MitigatedAnnual report
「Foreign currency translation adjustment △ 750 △ 10」
The negative foreign currency translation adjustment decreased from ¥750 million at the end of the previous consolidated fiscal year to ¥10 million, while the consolidated statement of income recorded a foreign exchange gain of ¥115 million. - FY2022-Q3The impact of the yen's depreciation becomes apparentAnnual report
「The overseas construction business has been affected by the recognition of a provision for construction losses due in part to the impact of COVID-19, as well as by the weaker yen. The Company will continue working to improve construction profitability through ingenuity and innovation, while negotiating with clients to share additional costs, in an effort to improve performance.」
The Company newly specifies that the performance of its overseas construction business has been affected by the weaker yen. Meanwhile, the negative foreign currency translation adjustment decreased from ¥747 million at the end of the previous consolidated fiscal year to ¥502 million. - FY2022-Q2WorsenedAnnual report
「Foreign currency translation adjustment △ 747 △ 803」
The negative foreign currency translation adjustment widened from ¥747 million at the end of the previous consolidated fiscal year to ¥803 million. - FY2022-Q1WorsenedAnnual report
「Foreign currency translation adjustment △ 747 △ 778」
The negative foreign currency translation adjustment widened from ¥747 million at the end of the previous consolidated fiscal year to ¥778 million. - FY2021MitigatedAnnual report
「Foreign exchange gain 25 Foreign exchange loss - Foreign currency translation adjustment △ 1,575 △ 747」
For the full fiscal year, there was no foreign exchange loss, and the negative foreign currency translation adjustment decreased from ¥1,575 million to ¥747 million. - FY2021-Q3Increase in foreign exchange loss, improvement in translation adjustmentAnnual report
「Foreign exchange loss 18 69 Foreign currency translation adjustment △ 1,575 △ 1,277」
The foreign exchange loss increased from ¥18 million in the same period of the previous year to ¥69 million, while the negative foreign currency translation adjustment decreased from ¥1,575 million at the end of the previous consolidated fiscal year to ¥1,277 million. - FY2021-Q2MitigatedAnnual report
「Foreign exchange loss - 40 38 Foreign currency translation adjustment △ 1,575 △ 1,391」
The foreign exchange loss for the six-month period of the second quarter of the fiscal year under review was ¥38 million, down from ¥40 million in the same period of the previous year, while the negative foreign currency translation adjustment decreased from ¥1,575 million at the end of the previous consolidated fiscal year to ¥1,391 million. - FY2021-Q1MitigatedAnnual report
「Foreign exchange loss 41 12 Foreign currency translation adjustment △ 1,575 △ 1,298」
The foreign exchange loss decreased from ¥41 million in the same period of the previous year to ¥12 million, and the negative foreign currency translation adjustment decreased from ¥1,575 million at the end of the previous consolidated fiscal year to ¥1,298 million. - FY2020WorsenedAnnual report
「Foreign exchange loss - 28 Foreign currency translation adjustment △ 651 △ 1,575」
For the full fiscal year, the foreign exchange loss was ¥28 million, and the foreign currency translation adjustment changed from negative ¥651 million at the end of the previous consolidated fiscal year to negative ¥1,575 million. - FY2020-Q3MitigatedAnnual report
「Foreign exchange loss - 18 Foreign currency translation adjustment △ 651 △ 698」
The foreign exchange loss decreased to ¥18 million from ¥40 million in the previous filing, and the negative foreign currency translation adjustment decreased from negative ¥1,147 million in the previous filing to negative ¥698 million. Compared with negative ¥651 million at the end of the previous consolidated fiscal year, however, the negative balance widened. - FY2020-Q2WorsenedAnnual report
「Foreign exchange loss - 40 Foreign currency translation adjustment △ 651 △ 1,147」
During the six-month period of the second quarter of the fiscal year under review, the Company recorded a foreign exchange loss of ¥40 million, while the foreign currency translation adjustment changed from negative ¥651 million at the end of the previous consolidated fiscal year to negative ¥1,147 million. The impact of foreign exchange fluctuations has been quantified. - FY2020-Q1WorsenedAnnual report
「Foreign exchange loss - 41 Foreign currency translation adjustment △ 651 △ 972」
The Company recorded a foreign exchange loss of ¥41 million in the first quarter of the fiscal year under review, while the foreign currency translation adjustment changed from negative ¥651 million at the end of the previous consolidated fiscal year to negative ¥972 million. - FY2017-Q3RestatedAnnual report
「The outlook remains uncertain, with foreign exchange rates and stock prices experiencing significant volatility due in part to the United Kingdom's withdrawal from the EU and the transition to a new administration in the United States.」
The Company states that volatility in foreign exchange rates and stock prices, and uncertainty over the outlook, have persisted against the backdrop of the United Kingdom's withdrawal from the EU and the transition to a new US administration. - FY2017-Q2WorsenedAnnual report
「Foreign exchange losses」
During the six-month period of the second quarter of the fiscal year under review, the Company recorded a foreign exchange loss of ¥215 million, while the foreign currency translation adjustment changed from negative ¥592 million at the end of the previous consolidated fiscal year to negative ¥1,609 million, quantifying the impact of foreign exchange for the second consecutive quarter. - FY2017-Q1MaterialisedAnnual report
「In addition, the rapid appreciation of the yen, attributable in part to the issue of the United Kingdom's withdrawal from the EU, increased uncertainty over the economic outlook.」
The rapid appreciation of the yen actually progressed, and the Company recorded a foreign exchange loss of ¥173 million and a foreign currency translation adjustment of negative ¥835 million during the quarter. - FY2016First statedAnnual report
「The Company uses derivative transactions to avoid foreign exchange fluctuation risks associated with foreign-currency-denominated transactions and interest rate fluctuation risks on borrowings, and has a policy of not engaging in speculative transactions.」
The Company states that derivatives are limited to hedging purposes and that it does not engage in speculative transactions.