Foreign exchange and interest rate fluctuation risks
First written in FY2016. 13 of 32 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-08-03.
NH Foods moved to the "Worse" side of this theme in 2016, 9 years before the typical company in this theme (2025).
1 other company's latest entry also says "Materialised".
- 2026-08-03MaterialisedEarnings presentation
「Thailand: Production volumes are recovering, but profit declined due to higher chicken raw material prices and foreign exchange effects.」
The impact of foreign exchange was reflected in the first-quarter results as a factor behind lower profit in Thailand. - FY2026WorsenedAnnual report
「The Group's main foreign exchange risk exposures (net) at the end of the previous consolidated fiscal year and the current consolidated fiscal year are as follows. Amounts hedged through forward exchange contracts and other instruments are excluded.」
After hedging, exposure to US dollars increased from ¥58,407 million to ¥64,464 million, while negative exposure to renminbi decreased. The remaining foreign exchange risk exposure increased. - 2026-05-13WorsenedEarnings presentation
「Persistent yen depreciation and rising production costs.」
Explicitly identifies foreign exchange movements and rising production costs as continuing changes in the business environment. - FY2026-H1MitigatedAnnual report
「Equity attributable to owners of the parent decreased due to cash dividends of ¥13,356 million, but increased through interim profit of ¥23,188 million and a ¥1,518 million increase in translation differences on foreign operations, reaching ¥530,315 million, up 1.1% from the end of the previous consolidated fiscal year.」
Translation differences on foreign operations increased by ¥1,518 million, indicating an improvement in the impact of foreign currency translation compared with the decrease in translation differences seen in the previous interim period. - FY2025-H1WorsenedAnnual report
「Profit before income taxes declined 8.6% year on year to ¥28,872 million due to the impact of exchange rate fluctuations and other factors, while interim profit attributable to owners of the parent declined 10.6% to ¥17,864 million.」
Profit before income taxes declined 8.6% year on year due to exchange rate fluctuations and other factors. Translation differences on foreign operations decreased by ¥4,687 million, showing the impact of exchange rate fluctuations on performance and capital. - FY2024-Q3MaterialisedAnnual report
「Equity attributable to owners of the parent decreased due to cash dividends of ¥11,275 million and other factors, but increased through quarterly profit of ¥29,520 million and a ¥5,891 million increase in translation differences on foreign operations due to the yen's depreciation, reaching ¥518,123 million, up 5.1% from the end of the previous consolidated fiscal year.」
The ¥5,891 million increase in translation differences on foreign operations due to the yen's depreciation was reflected in equity attributable to owners of the parent, showing the impact of exchange rate fluctuations in the results. - FY2024-Q2MaterialisedAnnual report
「Equity attributable to owners of the parent decreased due to cash dividends of ¥11,275 million and other factors, but increased through quarterly profit of ¥19,984 million and a ¥9,456 million increase in translation differences on foreign operations due to the yen's depreciation, reaching ¥512,048 million, up 3.9% from the end of the previous consolidated fiscal year.」
The ¥9,456 million increase in translation differences on foreign operations due to the yen's depreciation was reflected in equity attributable to owners of the parent, showing the impact of exchange rate fluctuations in the quarterly results. - FY2024-Q1MaterialisedAnnual report
「Equity attributable to owners of the parent decreased due to cash dividends of ¥11,275 million and other factors, but increased through quarterly profit of ¥11,749 million and a ¥5,569 million increase in translation differences on foreign operations due to the yen's depreciation, reaching ¥499,889 million, up 1.4% from the end of the previous consolidated fiscal year.」
The ¥5,569 million increase in translation differences on foreign operations due to the yen's depreciation was disclosed, showing that the impact of exchange rate fluctuations was reflected in the change in equity during the quarter. - FY2023RestatedAnnual report
「Expenses and income arising from the Group's foreign-currency transactions, as well as the yen-converted amounts of foreign-currency receivables and payables, may be affected by exchange rate fluctuations, with the effects continuing to materialize in both positive and negative directions.」
The Company continues to recognize foreign exchange risk and discloses measures under its foreign exchange risk management rules and through forward foreign exchange contracts and other instruments. After hedging, exposure to US dollars was ¥40,410 million and exposure to Chilean pesos was ¥16,402 million. - FY2023-Q3WorsenedAnnual report
「Meanwhile, as global monetary tightening continued, a downturn in overseas economies posed a risk factor weighing on the domestic economy. The situation remained uncertain because close attention was required to the effects of rising prices, supply constraints, instability in financial and capital markets, and the infection situation in China.」
Uncertainty surrounding foreign exchange and financial conditions, including global monetary tightening, rising prices, supply constraints, and instability in financial and capital markets, continues. - FY2023-Q2WorsenedAnnual report
「Meanwhile, as global monetary tightening continued, a downturn in overseas economies posed a risk of weighing on the domestic economy. The situation remained uncertain because close attention was required to the effects of rising prices, supply constraints, and volatility in financial and capital markets.」
The operating environment continues to be characterized by global monetary tightening, rising prices, supply constraints, and the rapid depreciation of the yen. - FY2023-Q1WorsenedAnnual report
「Meanwhile, the situation remained uncertain amid concerns about the prolonged situation in Ukraine and the impact of restrictions on economic activity in China, as well as rising raw material prices, supply constraints, and the rapid depreciation of the yen resulting from higher interest rates in other countries.」
The rapid depreciation of the yen driven by higher interest rates in other countries was explicitly identified, indicating that foreign exchange risk had emerged in the operating environment. Translation differences on foreign operations resulted in a gain of ¥8,654 million. - FY2022WorsenedAnnual report
「The Group's main foreign exchange risk exposures (net) at the end of the previous consolidated fiscal year and the current consolidated fiscal year are as follows. Amounts hedged through forward exchange contracts and other instruments are excluded. US dollars 30,188 44,836; Chilean pesos 8,112 9,190」
After hedging, exposure to US dollars increased from ¥30,188 million to ¥44,836 million, while exposure to Chilean pesos increased from ¥8,112 million to ¥9,190 million. - FY2022-Q3WorsenedAnnual report
「Translation differences on foreign operations 457 △ 871」
Translation differences on foreign operations changed from positive ¥457 million in the same period of the previous year to negative ¥871 million in the first nine months of the current fiscal year, indicating a deterioration in the impact of foreign currency translation. - FY2022-Q2WorsenedAnnual report
「Translation differences on foreign operations 332 △ 809」
Translation differences on foreign operations changed from positive ¥332 million in the same period of the previous year to negative ¥809 million, indicating a deterioration in the impact of foreign currency translation. - FY2021-Q3MitigatedAnnual report
「Translation differences on foreign operations △ 594 457」
Translation differences on foreign operations changed from a negative ¥594 million in the same period of the previous year to ¥457 million in the current first six-month period, indicating an improvement in the impact of foreign currency translation. - FY2021-Q2MitigatedAnnual report
「Translation differences on foreign operations 1,583 △ 2,011 332」
Translation differences on foreign operations changed from a negative ¥2,011 million in the same period of the previous year to ¥332 million in the current first six-month period, indicating an improvement in the impact of foreign currency translation. - FY2020WorsenedAnnual report
「Translation differences on foreign operations 335 △ 3,754」
Translation differences on foreign operations changed from a positive ¥335 million in the previous fiscal year to a negative ¥3,754 million, showing a greater impact from exchange rate fluctuations. The main foreign exchange risk exposures were US dollars of ¥40,198 million and Chilean pesos of ¥6,359 million. - FY2020-Q3MaterialisedAnnual report
「Translation differences on foreign operations 173 △ 594」
Translation differences on foreign operations were negative ¥594 million for the first nine months of the current fiscal year, reflecting the impact of exchange rate fluctuations in the results. - FY2020-Q2MaterialisedAnnual report
「Translation differences on foreign operations 1,583 △ 2,011」
Translation differences on foreign operations were negative ¥2,011 million for the first six months of the current fiscal year, reflecting the impact of exchange rate fluctuations in the results. - FY2020-Q1MaterialisedAnnual report
「Translation differences on foreign operations 830 △ 1,698」
Translation differences on foreign operations were negative ¥1,698 million in the first quarter of the current fiscal year, reflecting the impact of exchange rate fluctuations in the results. - FY2019RestatedAnnual report
「Expenses and income arising from the Group's foreign-currency transactions, as well as the yen-converted amounts of foreign-currency receivables and payables, may be affected by fluctuations in exchange rates.」
The Company continues to disclose foreign exchange risk, explaining mitigation measures using forward exchange contracts, currency swaps, and currency options, as well as the possibility that the risk cannot be fully eliminated. - FY2019-Q2MaterialisedAnnual report
「Profit for the Asia and Europe businesses fell below the previous year because labor costs rose at the processed-food manufacturing plant in Thailand and the depreciation of the Turkish lira drove up feed and materials prices in the poultry business in Turkey.」
The depreciation of the Turkish lira drove up feed and materials prices, reducing profit in the Asia and Europe businesses. - FY2018MitigatedAnnual report
「In calculating net income for the previous consolidated fiscal year and the current consolidated fiscal year, the amounts included net foreign currency translation losses of ¥2,199 million and ¥1,003 million, respectively.」
The impact of exchange rate fluctuations continues to be reflected in the results, but the foreign currency translation loss declined from ¥2,199 million in the previous fiscal year to ¥1,003 million. - FY2018-Q3MaterialisedAnnual report
「In calculating quarterly net income for the first nine months of the previous fiscal year and the current fiscal year, the amounts included net foreign currency translation losses of ¥3,775 million and ¥2,275 million, respectively.」
A foreign currency translation loss of ¥2,275 million was recorded for the first nine months of the current fiscal year, reflecting the impact of exchange rate fluctuations in the results. - FY2018-Q2MaterialisedAnnual report
「In calculating quarterly net income for the first six months of the previous fiscal year and the current fiscal year, the amounts included a net foreign currency translation gain of ¥1,749 million and a net foreign currency translation loss of ¥1,003 million, respectively.」
A foreign currency translation loss of ¥1,003 million was recorded for the first six months of the current fiscal year, reflecting the impact of exchange rate fluctuations in the results. - FY2018-Q1MaterialisedAnnual report
「In calculating quarterly net income for the first nine months of the previous fiscal year and the current fiscal year, the amounts included a net foreign currency translation gain of ¥2,825 million and a net foreign currency translation loss of ¥690 million, respectively.」
A foreign currency translation loss of ¥690 million was recorded during the quarter, reflecting the impact of exchange rate fluctuations in the results. - FY2017MaterialisedAnnual report
「In calculating net income for the previous consolidated fiscal year and the current consolidated fiscal year, the amounts included net foreign currency translation losses of ¥468 million and ¥2,199 million, respectively.」
A net foreign currency translation loss of ¥2,199 million was recorded for the year due to exchange rate fluctuations, quantifying the impact of foreign exchange risk. - FY2017-Q3RestatedAnnual report
「The Asia and Europe businesses underperformed the previous year as exchange rates and raw material trends weighed on the manufacturing plant in Thailand and the poultry business in Turkey.」
The Company continues to report that exchange rates and raw material trends are affecting the performance of its overseas businesses. - FY2017-Q2WorsenedAnnual report
「Foreign currency translation adjustment △ 6,373」
In other comprehensive loss for the first half, the foreign currency translation adjustment was negative ¥6,373 million, quantifying the impact of exchange rate fluctuations. - FY2017-Q1MaterialisedAnnual report
「Foreign currency translation adjustment △ 4,598」
The foreign currency translation adjustment was negative during the quarter, indicating that the impact of exchange rate fluctuations was reflected in the figures. - FY2016First statedAnnual report
「Expenses and income arising from the Group's foreign-currency transactions, as well as the yen-converted amounts of foreign-currency receivables and payables, may be affected by fluctuations in exchange rates.」
The Company uses forward exchange contracts, currency swaps, and currency options. As of 31 March 2016, interest-bearing debt totaled approximately ¥154.6 billion, most of which was at fixed interest rates.