Foreign-Exchange Risk from Foreign-Currency Transactions and Overseas Subsidiaries
First written in FY2016. 16 of 28 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2025.
Fronteo 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 2025: 71 of 159 companies on the "Worse" side.
19 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Foreign exchange gain 6,834」
The current year resulted in a foreign exchange gain of ¥6.834 million, down from the ¥24.854 million gain recorded in the previous year. The foreign exchange impact of overseas subsidiaries and foreign-currency transactions continued. - FY2025-H1WorsenedAnnual report
「Foreign exchange loss 11,073」
In contrast to the foreign exchange gain of ¥24.854 million recorded in the previous consolidated fiscal year, the interim consolidated accounting period resulted in a foreign exchange loss of ¥11.073 million, with the foreign exchange impact of overseas subsidiaries and foreign-currency transactions appearing as a loss. - FY2024MitigatedAnnual report
「Foreign exchange gain 24,854」
Foreign exchange exposure related to overseas subsidiaries and foreign-currency transactions continued, but the consolidated fiscal year resulted in a foreign exchange gain of ¥24.854 million. - FY2024-Q2MitigatedAnnual report
「Foreign exchange gain 12,304」
Although foreign exchange exposure associated with overseas subsidiaries and foreign-currency transactions continued, the cumulative second quarter of the current fiscal year produced a foreign exchange gain of ¥12.304 million. - FY2023MitigatedAnnual report
「The company has adopted a policy of reducing this risk by decreasing receivables and payables between the parent company and its subsidiaries, which are a primary source of foreign exchange risk, and accelerating the collection of receivables.」
As countermeasures for foreign exchange risk associated with overseas subsidiaries and foreign-currency transactions, the company specified reducing intercompany receivables and payables, accelerating receivables collection, and using forward exchange contracts as necessary. A foreign exchange gain of ¥25.059 million was recorded during the period. - FY2023-Q2MitigatedAnnual report
「Foreign exchange gain 62,690」
Although foreign exchange exposure associated with overseas subsidiaries and foreign-currency transactions continued, the cumulative second quarter of the current consolidated fiscal year produced a foreign exchange gain of ¥62.690 million, an improvement from the ¥2.390 million foreign exchange loss in the same period of the previous year. - FY2022-Q2MitigatedAnnual report
「Foreign exchange loss 19,810 2,390」
The foreign exchange loss associated with overseas subsidiaries and foreign-currency transactions declined from ¥19.810 million in the same period of the previous year to ¥2.390 million. Foreign exchange risk itself continued, but the loss for the cumulative quarter narrowed. - FY2021MitigatedAnnual report
「Meanwhile, U.S. sales, the primary market for Discovery, account for 49.9% of total group sales, increasing foreign exchange risk.」
U.S. sales accounted for 49.9% of total sales, and foreign exchange exposure associated with the overseas business continued. The foreign exchange loss for the period was ¥36.933 million, down from ¥46.841 million in the previous fiscal year. - FY2021-Q3MitigatedAnnual report
「Foreign exchange loss 17,481」
The foreign exchange loss declined from ¥38.833 million in the same period of the previous year to ¥17.481 million, narrowing the loss associated with overseas subsidiaries and foreign-currency transactions. However, foreign exchange risk itself continues. - FY2021-Q2MitigatedAnnual report
「Foreign exchange loss 53,537 19,810」
The foreign exchange loss declined from ¥53.537 million in the same period of the previous year to ¥19.810 million, narrowing the loss associated with overseas subsidiaries and foreign-currency transactions. - FY2021-Q1MitigatedAnnual report
「Foreign exchange loss 43,035 6,347」
The foreign exchange loss declined from ¥43.035 million in the same period of the previous year to ¥6.347 million, narrowing the loss associated with foreign exchange risk from overseas subsidiaries and foreign-currency transactions. - FY2020WorsenedAnnual report
「U.S. sales, the primary market for Discovery, account for 54.8% of total group sales, increasing foreign exchange risk. Sharp exchange-rate fluctuations may also affect the earnings of overseas consolidated subsidiaries and the yen-denominated amounts when their financial statements are translated.」
The company disclosed that U.S. sales accounted for 54.8% of total sales, again demonstrating the scale of its foreign exchange exposure. A foreign exchange loss of ¥46.841 million was also recorded during the period. - FY2020-Q3MitigatedAnnual report
「Foreign exchange loss 38,833」
The foreign exchange loss for the cumulative third quarter of the current consolidated fiscal year was ¥38.833 million, worse than the foreign exchange gain of ¥104.308 million in the same period of the previous year, but down from the ¥53.537 million loss for the cumulative previous quarter. - FY2020-Q2WorsenedAnnual report
「The remeasurement of foreign-currency-denominated receivables and payables of subsidiaries recorded by the company resulted in a foreign exchange loss of ¥53.537 million, producing an ordinary loss of ¥827.959 million.」
The company swung from a foreign exchange gain in the same period of the previous year to a foreign exchange loss of ¥53.537 million during the cumulative second quarter of the current fiscal year. - FY2020-Q1WorsenedAnnual report
「Foreign exchange loss 43,035」
The company swung from a foreign exchange gain of ¥78.505 million in the same period of the previous year to a foreign exchange loss of ¥43.035 million in the current quarter, with foreign exchange exposure associated with overseas subsidiaries and foreign-currency transactions re-emerging as a loss. - FY2019MitigatedAnnual report
「Meanwhile, following the acquisition of 2 companies and the transfer of a business in the United States, the primary market for Discovery, U.S. sales account for 47.3% of total group sales, increasing foreign exchange risk. Sharp exchange-rate fluctuations may also affect the earnings of overseas consolidated subsidiaries and the yen-denominated amounts when their financial statements are translated.」
The company disclosed that U.S. sales accounted for 47.3% of total sales. For the fiscal year, non-operating income and expenses included a foreign exchange gain of ¥79.129 million, an improvement in the reported results from the foreign exchange loss in the previous fiscal year. - FY2019-Q3MitigatedAnnual report
「The remeasurement of foreign-currency-denominated receivables and payables of subsidiaries recorded by the company resulted in a foreign exchange gain of ¥104.308 million, producing ordinary income of ¥268.634 million.」
Although foreign exchange exposure associated with overseas subsidiaries continued, a foreign exchange gain of ¥104.308 million, rather than a foreign exchange loss, was recorded for the cumulative third quarter. - FY2019-Q2MitigatedAnnual report
「The remeasurement of foreign-currency-denominated receivables and payables of subsidiaries recorded by the company resulted in a foreign exchange gain of ¥140.924 million, producing ordinary income of ¥299.241 million.」
Although foreign exchange exposure associated with overseas subsidiaries continued, a foreign exchange gain of ¥140.924 million was recorded for the cumulative quarter, an improvement from the foreign exchange loss in the same period of the previous year. - FY2019-Q1MitigatedAnnual report
「The recognition of a ¥78.505 million foreign exchange gain resulted in ordinary income of ¥222.350 million, compared with an ordinary loss of ¥680.311 million in the same period of the previous year.」
Although foreign exchange exposure associated with the overseas business continued, the company recorded a foreign exchange gain of ¥78.505 million rather than a foreign exchange loss during the quarter. - FY2018WorsenedAnnual report
「The recognition of a ¥207.622 million foreign exchange loss resulted in an ordinary loss of ¥16.572 million.」
The full-year foreign exchange loss rose substantially to ¥207.622 million from ¥14.593 million in the previous fiscal year. - FY2018-Q3MitigatedAnnual report
「Foreign exchange loss 15,523」
A foreign exchange loss of ¥15.523 million was recorded for the cumulative third quarter of the current consolidated fiscal year. Foreign exchange risk continued to emerge, but the loss narrowed from ¥29.569 million for the cumulative previous quarter. - FY2018-Q2MitigatedAnnual report
「Foreign exchange loss 117,320 29,569」
The foreign exchange loss for the cumulative second quarter of the current consolidated fiscal year was ¥29.569 million, down from ¥117.320 million in the same period of the previous year. Foreign exchange risk continued to emerge in the reported results, but the loss narrowed. - FY2018-Q1MaterialisedAnnual report
「Foreign exchange loss 91,596 15,666」
A foreign exchange loss of ¥15.666 million was recorded in the first quarter, showing that foreign exchange risk associated with foreign-currency transactions and overseas subsidiaries continued to emerge in the reported results. This was down from ¥91.596 million in the same period of the previous year. - FY2017WorsenedAnnual report
「Meanwhile, following the acquisition of 3 companies in the United States, the primary market for Discovery, U.S. sales account for approximately 60% of total group sales, increasing foreign exchange risk. Sharp exchange-rate fluctuations may also affect the earnings of overseas consolidated subsidiaries and the yen-denominated amounts when their financial statements are translated.」
The company explicitly stated that foreign exchange risk had increased because U.S. sales account for approximately 60% of total group sales. A foreign exchange loss of ¥14.593 million was also recorded for the full fiscal year. - FY2017-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company explained that there had been no significant change in the existing risks associated with foreign-currency transactions and overseas subsidiaries. - FY2017-Q2MaterialisedAnnual report
「The recognition of a ¥117.320 million foreign exchange loss due to yen appreciation had a significant impact on the ordinary loss.」
A ¥117.320 million foreign exchange loss due to yen appreciation actually arose and affected the ordinary loss. The continuing emergence of foreign exchange risk was disclosed. - FY2017-Q1MaterialisedAnnual report
「The recognition of a ¥91.596 million foreign exchange loss due to yen appreciation」
The foreign exchange loss due to yen appreciation actually arose during the quarter, and the yen-denominated value of overseas sales also declined. - FY2016First statedAnnual report
「Accordingly, fluctuations in exchange rates affect the earnings from foreign-currency transactions and the yen-denominated amounts translated for the financial statements. Exchange-rate fluctuations may also affect the earnings of overseas consolidated subsidiaries and the yen-denominated amounts when their financial statements are translated.」
The company disclosed foreign exchange exposure through U.S. dollar-denominated sales, purchases and borrowings, as well as through overseas subsidiaries. A foreign exchange loss of ¥35.818 million arose during the period due to a sharp appreciation of the yen. Interest rate and currency swaps are also used.