Foreign Exchange Losses Due to Rapid Yen Appreciation
First written in FY2017-Q1. 12 of 25 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2025.
Digital Arts 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.
24 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「During the consolidated fiscal year, there were increases in communications expenses due to expanded sales of cloud service products and higher cloud server costs resulting from foreign exchange movements, increases in new product development expenses, and increases in labor costs due to expanded development staffing, among other factors, although」
The impact of the weaker yen and other foreign exchange movements actually appeared in business costs as higher cloud server and communications expenses. - FY2025-H1MaterialisedAnnual report
「Foreign exchange loss 1」
After recording a foreign exchange gain in the same period of the previous year, the interim consolidated accounting period recorded a foreign exchange loss of ¥1 million. - FY2024ReframedAnnual report
「Because the group uses servers provided by foreign companies for part of the infrastructure supporting its cloud services, it is affected by fluctuations in the USD/JPY exchange rate. Specifically, if the yen depreciates against the US dollar, this could negatively affect the group's results through higher costs.」
In addition to reporting the historical impact of foreign exchange gains and losses, the company explicitly identified the structural risk that cloud server costs increase when the yen depreciates against the US dollar. Meanwhile, the current fiscal year recorded a foreign exchange gain of ¥13 million. - FY2024-Q1MitigatedAnnual report
「Foreign exchange gain 9」
The cumulative first quarter recorded a foreign exchange gain of ¥9 million, and the adverse impact of foreign exchange losses on profit and loss did not arise during the period. - FY2023MitigatedAnnual report
「The consolidated fiscal year recorded a foreign exchange gain of ¥12 million and other items as non-operating income, resulting in ordinary profit of ¥4,429 million, up 7.1% from the previous fiscal year.」
Unlike the foreign exchange loss in the previous fiscal year, a foreign exchange gain of ¥12 million was recorded again, and the adverse impact of foreign exchange on profit and loss did not arise during the current fiscal year. - FY2023-Q3MitigatedAnnual report
「Foreign exchange gain 9」
The cumulative third quarter recorded a foreign exchange gain of ¥9 million, and the adverse impact of foreign exchange losses on profit and loss did not arise during the period. - FY2023-Q1ReframedAnnual report
「In addition, the outlook for the economy remained uncertain due to higher resource prices resulting from the prolonged situation in Ukraine and the impact of a sharp depreciation of the yen against the US dollar in the foreign exchange market. Foreign exchange gain 8」
The description changed from foreign exchange losses caused by the previous rapid appreciation of the yen to identifying the sharp depreciation of the yen against the US dollar as an external environmental factor. Meanwhile, the current quarter recorded a foreign exchange gain of ¥8 million. - FY2022MitigatedAnnual report
「The consolidated fiscal year recorded a foreign exchange gain of ¥6 million and other items as non-operating income, resulting in ordinary profit of ¥4,135 million, representing 138.2% of the previous fiscal year's level.」
As in the previous fiscal year, a foreign exchange gain was recorded, and the adverse impact of foreign exchange losses on profit and loss did not arise during the consolidated fiscal year. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gain 1」
The cumulative third quarter recorded a foreign exchange gain of ¥1 million, and the adverse impact of foreign exchange losses on profit and loss did not arise during the period. - FY2021MitigatedAnnual report
「The consolidated fiscal year recorded a foreign exchange gain of ¥7 million and other items as non-operating income, resulting in ordinary profit of ¥2,991 million, representing 128.6% of the year-earlier level.」
In contrast to the foreign exchange loss in the previous fiscal year, the current fiscal year recorded a foreign exchange gain of ¥7 million, and the adverse impact of foreign exchange on profit and loss did not arise during the year. - FY2021-Q3MitigatedAnnual report
「Foreign exchange gain 2,680」
The cumulative third quarter recorded a foreign exchange gain of ¥2.680 million, maintaining the elimination of the adverse impact of foreign exchange on profit and loss following the foreign exchange loss in the same period of the previous year. - FY2021-Q1MitigatedAnnual report
「Foreign exchange gain 340」
Compared with the foreign exchange loss of ¥2.214 million in the same period of the previous year, the cumulative first quarter recorded a foreign exchange gain of ¥0.340 million, and the adverse impact of foreign exchange on profit and loss did not arise during the period. - FY2020MaterialisedAnnual report
「Foreign exchange loss 4,812」
The consolidated fiscal year recorded a foreign exchange loss of ¥4.812 million, and foreign exchange risk associated with the overseas business affected profit and loss. - FY2020-Q2MaterialisedAnnual report
「Foreign exchange loss 6,220」
The cumulative second quarter recorded a foreign exchange loss of ¥6.220 million, worsening the impact on profit and loss compared with the foreign exchange gain recorded in the cumulative second quarter of the previous year. - FY2020-Q1MaterialisedAnnual report
「Foreign exchange loss 2,214」
The cumulative first quarter recorded a foreign exchange loss of ¥2.214 million, and foreign exchange risk affected profit and loss. - FY2019-Q3MaterialisedAnnual report
「Foreign exchange loss 2,870」
The cumulative third quarter recorded a foreign exchange loss of ¥2.870 million, reversing the improvement in profit and loss from the foreign exchange gain in the previous cumulative quarter. - FY2019-Q2MitigatedAnnual report
「Foreign exchange gain 1,973」
Compared with the foreign exchange loss of ¥2.047 million in the previous quarter, the cumulative second quarter recorded a foreign exchange gain of ¥1.973 million, and the adverse impact of foreign exchange on profit and loss did not arise during the period. - FY2019-Q1MaterialisedAnnual report
「Foreign exchange loss 2,047」
Although a foreign exchange gain was recorded in the previous consolidated fiscal year, the cumulative first quarter recorded a foreign exchange loss of ¥2.047 million, and foreign exchange risk once again affected profit and loss. - FY2018MitigatedAnnual report
「Foreign exchange gain 3,503」
Against a foreign exchange loss of ¥14.299 million in the previous consolidated fiscal year, the current consolidated fiscal year recorded a foreign exchange gain of ¥3.503 million, eliminating the adverse impact of foreign exchange on profit and loss. - FY2018-Q3MitigatedAnnual report
「Foreign exchange gain 10,471」
The cumulative third quarter recorded a foreign exchange gain of ¥10.471 million, improving profit and loss from the foreign exchange loss recorded in the same period of the previous year. - FY2018-Q2MitigatedAnnual report
「Foreign exchange gain 8,717」
In contrast to the foreign exchange loss recorded in the same period of the previous year, the cumulative second quarter recorded a foreign exchange gain of ¥8.717 million, and the adverse impact of foreign exchange on profit and loss did not arise during the period. - FY2017MaterialisedAnnual report
「Foreign exchange loss 14,299」
The consolidated income statement for the fiscal year recorded a foreign exchange loss of ¥14.299 million, confirming that foreign exchange risk associated with overseas expansion affected results for the full year. - FY2017-Q3MaterialisedAnnual report
「Foreign exchange loss 11,546」
The quarterly consolidated income statement for the cumulative third quarter recorded a foreign exchange loss of ¥11.546 million, confirming that foreign exchange risk from the yen's appreciation continued to affect results. - FY2017-Q2MaterialisedAnnual report
「In terms of profit, despite higher domestic personnel expenses and foreign exchange losses caused by the rapid appreciation of the yen, operating profit was ¥789.980 million, representing 158.9% of the year-earlier level, ordinary profit was ¥767.285 million, representing 153.6%, and quarterly net income attributable to owners of the parent was ¥454.595 million, representing 144.5%, mainly due to higher revenue.」
Foreign exchange losses caused by the rapid appreciation of the yen continued to arise during the cumulative second quarter, and the quarterly consolidated income statement recorded a foreign exchange loss of ¥23.436 million. - FY2017-Q1MaterialisedAnnual report
「On the other hand, the company incurred foreign exchange losses of ¥20.061 million due to the rapid appreciation of the yen, while higher tax expenses, mainly because overseas subsidiaries were investing ahead of earnings, also weighed on results. Ordinary profit was ¥78.953 million, representing 91.9% of the year-earlier level, and quarterly net income attributable to owners of the parent was ¥13.601 million, representing 23.6% of the year-earlier level.」
The yen appreciated against a backdrop of uncertainty in the global economy and the issue of the UK's withdrawal from the EU, resulting in an actual foreign exchange loss of ¥20.061 million.