Foreign-Exchange Risk Associated with Overseas Sourcing
First written in FY2016. 4 of 9 entries say "Restated". Latest entry: FY2023.
Megmilk Snow Brand moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 44 of 68 companies on the "Worse" side.
20 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「However, in the fiscal year ended March 2023, although revenue exceeded the previous year, raw material and energy prices surged due to foreign exchange movements and the situation in Ukraine. The company implemented price revisions and changes in product sizes, but was unable to absorb all of the higher costs.」
Exchange-rate fluctuations have emerged in actual results as a factor behind higher raw material and energy prices and the inability to absorb increased costs. - FY2021RestatedAnnual report
「Our group is working to reduce the impact of exchange-rate fluctuations through forward exchange contracts and foreign-currency settlements.」
The company continues to address the impact of yen depreciation and appreciation associated with overseas procurement, and maintains its hedging policy using forward exchange contracts and foreign-currency settlements. - FY2020Disclosed foreign exchange sensitivityAnnual report
「Assumed exchange rate for the fiscal year ending March 2021: US$1 = ¥108 Foreign exchange sensitivity (based on operating profit): ¥1 appreciation → +¥160 million」
For foreign exchange risk, the company has newly specified the assumed exchange rate for the fiscal year ending March 2021 and its sensitivity to operating profit. - FY2019RestatedAnnual report
「Foreign-currency-denominated trade receivables are exposed to the risk of exchange-rate fluctuations, but as a rule, the company hedges its net position after offsetting foreign-currency-denominated trade payables by using forward exchange contracts.」
The company continues to recognize the risk of exchange-rate fluctuations associated with overseas procurement and foreign-currency transactions, and maintains its hedging policy using forward exchange contracts. - FY2017MitigatedAnnual report
「Foreign-currency-denominated trade receivables are exposed to the risk of exchange-rate fluctuations, but as a rule, the company hedges its net position after offsetting foreign-currency-denominated trade payables by using forward exchange contracts.」
While recognizing the foreign exchange risk associated with overseas procurement, the company explicitly states that it hedges this risk using forward exchange contracts and interest rate swaps. - FY2017-Q3RestatedAnnual report
「In addition to uncertainty in overseas economies and instability centered on the financial and capital markets, there are concerns over significant exchange-rate fluctuations, and conditions are expected to remain uncertain.」
The company continues to recognize instability in overseas economies, the financial and capital markets, and exchange rates, as well as uncertainty about the outlook. - FY2017-Q2RestatedAnnual report
「With weakness evident in overseas economies, instability centered on the financial and capital markets, and concerns over significant exchange-rate fluctuations, there is a risk that economic activity will be pressured, and conditions are expected to remain uncertain.」
The company continues to recognize concerns over significant exchange-rate fluctuations and uncertainty about the outlook. - FY2017-Q1WorsenedAnnual report
「With weakness evident in overseas economies, instability centered on the financial and capital markets, and concerns over significant exchange-rate fluctuations, there is a risk that economic activity will be pressured, and conditions are expected to remain uncertain.」
Concerns over exchange-rate fluctuations have continued, and foreign exchange losses increased from ¥35 million in the same quarter of the previous year to ¥147 million in the current quarter. - FY2016First statedAnnual report
「Although foreign exchange gains disappeared and foreign exchange losses were incurred due to fluctuations in exchange rates,」
The performance analysis states that foreign exchange losses were incurred during the period in connection with foreign procurement and the associated foreign exchange risk.