Foreign Exchange Fluctuation Risk Associated with Overseas Expansion
First written in FY2016. 12 of 22 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2025.
Renaissance moved to the "Worse" side of this theme in 2023, 5 years after the typical company in this theme (2018).
The whole theme swung hardest in 2025: 73 of 159 companies on the "Worse" side.
51 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「However, as we do not make investments or loans in foreign currencies to entities outside our group, we believe that the impact of foreign exchange fluctuations is limited.」
The company reconfirmed its view that the impact of foreign exchange fluctuations is limited because it does not make investments or loans in foreign currencies to entities outside the group. - FY2025-H1WorsenedAnnual report
「Foreign exchange gain 87,773","Foreign exchange loss 56,916」
The company moved from a foreign exchange gain in the same period of the previous year to a foreign exchange loss in the current interim period, worsening the impact of foreign exchange fluctuations on profit and loss. - FY2024-Q3WorsenedAnnual report
「Foreign exchange gain 45,331 36,420」
The cumulative third quarter foreign exchange gain decreased from ¥45,331 thousand in the same period of the previous year to ¥36,420 thousand, narrowing the improvement in the impact of foreign exchange fluctuations on profit and loss. - FY2024-Q2WorsenedAnnual report
「Foreign exchange gain 135,152 87,773」
The cumulative second quarter foreign exchange gain decreased from ¥135.152 million in the same period of the previous year to ¥87.773 million, narrowing the improvement in the impact of foreign exchange fluctuations on profit and loss. The foreign currency translation adjustment account was also negative ¥226.343 million. - FY2023-Q2MitigatedAnnual report
「Foreign exchange gain 16,314 135,152」
The cumulative second quarter foreign exchange gain was ¥135.152 million, up from ¥16.314 million in the same period of the previous year. The impact of foreign exchange fluctuations on profit and loss improved during the period. - FY2023-Q1MitigatedAnnual report
「Foreign exchange gain 1,523 89,367」
The foreign exchange gain increased from ¥1.52 million in the same period of the previous year to ¥89.367 million, improving the impact of foreign exchange fluctuations on profit and loss during the quarter. - FY2022MitigatedAnnual report
「Foreign exchange gain ¥84,429 thousand」
The current period included a foreign exchange gain of ¥84.429 million, improving profit and loss from the previous period's foreign exchange gain of ¥22.985 million. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gain 36,321」
The cumulative third quarter period resulted in a foreign exchange gain of ¥36.321 million, improving the impact on profit and loss from the foreign exchange loss recorded in the same period of the previous year. - FY2022-Q2MitigatedAnnual report
「Foreign exchange gain 16,314」
The cumulative second quarter period resulted in a foreign exchange gain of ¥16.314 million, improving the impact on profit and loss from the foreign exchange loss recorded in the same period of the previous year. - FY2021-Q1MitigatedAnnual report
「Foreign exchange gain — 7,868」
The company moved from a foreign exchange loss of ¥23.516 million in the same period of the previous year to a foreign exchange gain of ¥7.868 million in the first quarter, improving the impact of foreign exchange fluctuations on profit and loss. - FY2020MitigatedAnnual report
「However, as we do not make investments or loans in foreign currencies to entities outside our group, we believe that the impact of foreign exchange fluctuations is limited.」
The company explains that the impact of foreign exchange fluctuations is limited because it does not make investments or loans in foreign currencies to entities outside the group. - FY2020-Q1WorsenedAnnual report
「Foreign exchange loss 23,516」
The company moved from a foreign exchange gain of ¥23.597 million in the same period of the previous year to a foreign exchange loss of ¥23.516 million in the first quarter, worsening the impact of foreign exchange fluctuations on profit and loss. - FY2019MitigatedAnnual report
「Foreign exchange gain 18,202」
The company moved from a foreign exchange loss of ¥51.88 million in the previous year to a foreign exchange gain of ¥18.20 million in the current year, improving the impact of foreign exchange fluctuations on profit and loss during the year. - FY2019-Q2MitigatedAnnual report
「Foreign exchange gain 30,486」
The company moved from a foreign exchange loss in the same period of the previous year to a foreign exchange gain of ¥30.486 million in the cumulative second quarter period. The impact of foreign exchange fluctuations on profit and loss improved during the period. - FY2019-Q1MitigatedAnnual report
「Foreign exchange gain — 23,597」
The company moved from a foreign exchange loss in the same period of the previous year to a foreign exchange gain of ¥23.597 million in the quarter. - FY2018WorsenedAnnual report
「The foreign exchange loss increased from ¥20,056 thousand in the previous consolidated fiscal year to ¥51,878 thousand in the current consolidated fiscal year.」
The full-year foreign exchange loss increased from approximately ¥20.06 million in the previous year to approximately ¥51.88 million, increasing the impact of foreign exchange fluctuations on profit and loss. - FY2018-Q1MitigatedAnnual report
「Foreign exchange loss 83,021 3,373」
The foreign exchange loss decreased from ¥83.02 million in the same period of the previous year to ¥3.37 million in the quarter. - FY2017RestatedAnnual report
「As our group operates overseas, significant foreign exchange fluctuations could affect our group's business performance and financial position.」
The risk of foreign exchange fluctuations associated with overseas operations is reiterated. - FY2017-Q3RestatedAnnual report
「Meanwhile, currencies and stock prices fluctuated significantly in response to changes in the international situation, including the UK's EU withdrawal issue and the US presidential election, affecting corporate earnings and resulting in continued uncertainty about the outlook.」
Changes in the international situation, foreign exchange and share price fluctuations, and their impact on corporate earnings are reiterated as part of the business environment. - FY2017-Q2WorsenedAnnual report
「The foreign exchange loss included in non-operating expenses for the cumulative second quarter period was ¥94,661 thousand.」
The foreign exchange loss increased from ¥41,118 thousand in the same period of the previous year to ¥94,661 thousand, and the impact of foreign exchange fluctuations on profit and loss increased. - FY2017-Q1MaterialisedAnnual report
「As the Remain camp was defeated in the UK's referendum on EU membership, the yen appreciated rapidly and the Nikkei Stock Average also fluctuated significantly, resulting in continued uncertainty about the outlook. Foreign exchange loss: ¥83,021 thousand」
The yen appreciated rapidly, and a foreign exchange loss was recorded in the income statement for the quarter. - FY2016First statedAnnual report
「As our group operates overseas, significant foreign exchange fluctuations could affect our group's business performance and financial position.」
Foreign exchange fluctuations associated with overseas operations are described as a separate financial risk.