Risk of higher overseas procurement costs and royalty burdens due to yen depreciation and foreign exchange fluctuations
First written in FY2025-H1. 2 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 33 of 59 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group has worked to reduce foreign exchange risk, including by revising sales prices and fixing exchange rates through lump-sum advance payment for procurement and royalties. Going forward, we will take flexible measures depending on circumstances and seek to reduce foreign exchange risk by promptly converting foreign currency after institutional approval for large investment projects and lump-sum payments for procurement and royalties.」
The Group continues to address foreign exchange risk through sales-price revisions, fixing exchange rates through advance payments and prompt foreign-currency conversion. - FY2026-H1RestatedAnnual report
「During the six months ended 30 September 2024, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The Group disclosed in aggregate that there had been no material change from the previous fiscal year in the risk of higher overseas procurement and royalty costs from yen depreciation and foreign exchange movements. - FY2025MitigatedAnnual report
「The Group has worked to reduce foreign exchange risk, including by revising sales prices and fixing exchange rates through lump-sum advance payment for procurement and royalties.」
The Group reiterated the risk of yen depreciation and foreign exchange movements and specified measures including sales-price revisions, fixing exchange rates through advance payment and promptly converting foreign currency after institutional approval. - FY2025-H1First statedAnnual report
「If the yen’s depreciation trend resulting from interest-rate differentials arising from differences in the direction of monetary policy in Japan, Europe and the United States continues, it could affect the Group’s businesses by increasing investments in overseas partners and procurement and royalty payments for overseas products handled in the products services business.」
The Group identifies as a risk the potential increase in investments in overseas partners and in procurement and royalty payments for overseas products if yen depreciation continues.