Foreign exchange fluctuations related to imports, exports and foreign-currency-denominated assets
First written in FY2016. 4 of 12 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2024-Q3.
Hayashikane Sangyo 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 2022: 17 of 34 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「However, the food industry continues to face a challenging and uncertain operating environment, including persistently high raw material prices resulting from yen depreciation.」
The group continues to identify persistently high raw material prices resulting from yen depreciation and the resulting challenging business environment. - FY2023RestatedAnnual report
「The group hedges the foreign exchange risk associated with foreign-currency transactions using forward exchange contracts. However, if the trend of yen depreciation against foreign currencies continues for an extended period, higher raw material prices and other factors could significantly affect its business performance.」
The group continues to identify hedging with forward exchange contracts and the risk of higher raw material prices if yen depreciation persists. - FY2023-Q3RestatedAnnual report
「The food industry continues to face a challenging operating environment, with raw material prices and energy costs surging because of the prolonged situation in Ukraine and yen depreciation.」
The group continues to identify the impact of foreign exchange fluctuations in the form of higher raw material prices and energy costs resulting from yen depreciation. - FY2023-Q2WorsenedAnnual report
「The food industry continues to face a challenging operating environment, with raw material prices and energy costs surging because of the prolonged situation in Ukraine and further yen depreciation.」
Further yen depreciation is identified as a factor behind higher raw material prices and energy costs, and the environment surrounding foreign exchange risk continues to deteriorate. - FY2023-Q1MaterialisedAnnual report
「However, the food industry continues to face a challenging operating environment, including surging raw material prices and energy costs because of the prolonged situation in Ukraine and the rapid depreciation of the yen.」
The rapid depreciation of the yen is identified as an actual business-environment factor, leading to higher raw material prices and energy costs. - FY2022WorsenedAnnual report
「The group hedges the foreign exchange risk associated with foreign-currency transactions using forward exchange contracts. However, if the trend of yen depreciation against foreign currencies continues for an extended period, higher raw material prices and other factors could significantly affect its business performance.」
Although hedging with forward exchange contracts continues, the current fiscal year explicitly identifies the yen's rapid depreciation as a factor behind surging raw material prices, indicating a worsening risk environment. - FY2021RestatedAnnual report
「The group hedges the foreign exchange risk associated with foreign-currency transactions using forward exchange contracts. However, if the trend of yen depreciation against foreign currencies continues for an extended period, higher raw material prices and other factors could significantly affect its business performance.」
The group continues to identify hedging with forward exchange contracts and the risk of higher raw material prices if yen depreciation persists. - FY2020MitigatedAnnual report
「The group hedges the foreign exchange risk associated with foreign-currency transactions using forward exchange contracts. However, if the trend of yen depreciation against foreign currencies continues for an extended period, higher raw material prices and other factors could significantly affect its business performance.」
The group explicitly identifies hedging with forward exchange contracts and specifies how it addresses foreign exchange fluctuations. - FY2017MaterialisedAnnual report
「In the aquaculture feed business, revenue declined because of lower prices and a decline in exports resulting from exchange-rate effects, despite domestic production exceeding the previous year's level.」
The decline in exports resulting from exchange-rate effects occurred again in the current fiscal year and became a factor behind lower revenue in the aquaculture feed business. - FY2017-Q3MaterialisedAnnual report
「In the feed business, revenue declined because of lower prices for aquaculture feed and a decline in exports resulting from exchange-rate effects.」
The decline in exports resulting from exchange-rate effects actually occurred and became a factor behind lower revenue in the feed business. - FY2017-Q2MaterialisedAnnual report
「In the aquaculture feed business, revenue declined because exports decreased as a result of yen appreciation and other factors, despite domestic production exceeding the previous year's level.」
The decline in exports resulting from yen appreciation actually occurred and became a factor behind lower revenue in the aquaculture feed business. - FY2016First statedAnnual report
「The group conducts foreign-currency transactions when importing raw materials and other items and exporting products and other items, and holds foreign-currency-denominated assets. Accordingly, sharp exchange-rate fluctuations could affect its business performance.」
Imports, exports and foreign-currency-denominated assets constitute the group's exposure to foreign exchange fluctuations.