Impact of Yen Appreciation on Consolidated Results
First written in FY2016-Q3. 11 of 25 entries say "Materialised", first in FY2020-Q2. Latest entry: 2026-08-14.
Wedge Holdings moved to the "Worse" side of this theme in 2020, 3 years after the typical company in this theme (2017).
The whole theme swung hardest in 2019: 71 of 124 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2024MaterialisedAnnual report
「Net assets decreased by ¥337 million to ¥3,048 million. The main components were a ¥928 million decrease in retained earnings due to the recording of a net loss attributable to owners of the parent and a ¥549 million increase in the foreign currency translation adjustment account, among other factors.」
The foreign currency translation adjustment account increased by ¥549 million, meaning that currency movements directly affected net assets at the end of the fiscal year. - FY2023-Q3MaterialisedAnnual report
「Although a ¥33 million foreign exchange loss was recorded as the exchange rate moved toward a stronger yen, ordinary profit increased because incorporating the results of the Digital Finance and resort businesses operated by equity-method affiliates resulted in an equity-method investment gain.」
The company stated that the shift in exchange rates toward a stronger yen resulted in a ¥33 million foreign exchange loss. - FY2023-Q1ReframedAnnual report
「Ordinary profit turned from a profit in the same quarter of the previous year to a loss because the shift in the exchange rate toward a stronger yen resulted in a foreign exchange loss and, after incorporating the results of the Digital Finance and resort businesses operated by equity-method affiliates, produced an equity-method investment loss.」
The explanation changed from the previous fiscal year’s reference to a weaker yen and the resulting increase in the valuation of overseas assets. In the current quarter, currency movements toward a stronger yen caused a foreign exchange loss, contributing to an ordinary loss. - FY2022ReframedAnnual report
「③ The increase in the yen-denominated valuation of overseas assets due to the weaker yen,」
Regarding the currency impact, in addition to the effects on yen-converted results and net assets discussed previously, the increase in the yen-denominated valuation of overseas assets due to the weaker yen was identified as a factor improving profit for the fiscal year. - FY2022-Q3MaterialisedAnnual report
「The main components were a ¥201 million decrease in retained earnings due to the recording of a quarterly net loss attributable to owners of the parent and an ¥821 million decrease in the foreign currency translation adjustment account, among other factors.」
The foreign currency translation adjustment account decreased by ¥821 million, meaning that currency movements directly affected net assets at the end of the third quarter. - FY2022-Q2MaterialisedAnnual report
「The main components were a ¥42 million decrease in retained earnings due to the recording of a quarterly net loss attributable to owners of the parent and a ¥770 million decrease in the foreign currency translation adjustment account, among other factors.」
The foreign currency translation adjustment account decreased by ¥770 million, meaning that currency movements directly affected net assets at the end of the second quarter. - FY2022-Q1MaterialisedAnnual report
「The main components were a ¥3 million decrease in retained earnings due to the recording of a quarterly net loss attributable to owners of the parent and a ¥650 million decrease in the foreign currency translation adjustment account, among other factors.」
The foreign currency translation adjustment account decreased by ¥650 million, meaning that currency movements directly affected net assets at the end of the quarter. - FY2021MaterialisedAnnual report
「A ¥1,183 million decrease in retained earnings, a ¥262 million decrease in the foreign currency translation adjustment account and a ¥7,633 million decrease in non-controlling interests, among other factors.」
The foreign currency translation adjustment account decreased by ¥262 million, meaning that currency movements directly affected net assets at the end of the fiscal year. - FY2021-Q3MaterialisedAnnual report
「A ¥236 million decrease in retained earnings, a ¥283 million increase in the foreign currency translation adjustment account and a ¥149 million increase in non-controlling interests, among other factors.」
The foreign currency translation adjustment account increased by ¥283 million, meaning that currency movements directly affected net assets at the end of the third quarter. - FY2021-Q2MaterialisedAnnual report
「A ¥149 million decrease in retained earnings, a ¥535 million increase in the foreign currency translation adjustment account and a ¥771 million increase in non-controlling interests, among other factors.」
The foreign currency translation adjustment account increased by ¥535 million, meaning that currency movements directly affected net assets at the end of the second quarter. - FY2021-Q1MaterialisedAnnual report
「The main components were a ¥123 million decrease in retained earnings due to the recording of a quarterly net loss attributable to owners of the parent, a ¥258 million increase in the foreign currency translation adjustment account and a ¥392 million increase in non-controlling interests, among other factors.」
The foreign currency translation adjustment account increased by ¥258 million, meaning that currency movements directly affected net assets at the end of the quarter. - FY2020MaterialisedAnnual report
「A ¥1,975 million decrease in retained earnings, a ¥515 million decrease in the foreign currency translation adjustment account and a ¥3,041 million decrease in non-controlling interests, among other factors.」
The foreign currency translation adjustment account decreased by ¥515 million, meaning that currency movements directly affected net assets at the end of the fiscal year. - FY2020-Q3RestatedAnnual report
「A ¥426 million decrease in retained earnings, a ¥110 million decrease in the foreign currency translation adjustment account and a ¥732 million decrease in non-controlling interests, among other factors.」
The foreign currency translation adjustment account decreased by ¥110 million, and currency movements continued to affect net assets at the end of the quarter. - FY2020-Q2MaterialisedAnnual report
「Decrease of ¥310 million in the foreign currency translation adjustment account」
The foreign currency translation adjustment account decreased by ¥310 million, meaning that currency movements directly affected net assets. The company also recorded a foreign exchange loss of ¥245 million in the income statement. - FY2019-Q3RestatedAnnual report
「At the same time, in 2018, in addition to the trend toward a stronger yen, the undervaluation of emerging-market currencies, including those of the Democratic Socialist Republic of Sri Lanka, the Republic of the Union of Myanmar and the Republic of Indonesia, was a major factor depressing revenue and profit.」
The company continues to explain that the trend toward a stronger yen and the depreciation of emerging-market currencies pressured revenue and profit. - FY2019-Q2ReframedAnnual report
「At the same time, in 2018, in addition to the trend toward a stronger yen, the undervaluation of emerging-market currencies, including those of the Democratic Socialist Republic of Sri Lanka, the Republic of the Union of Myanmar and the Republic of Indonesia, was a major factor depressing revenue and profit.」
The explanation has changed from the previous reference to the impact of a weaker yen to stating that the trend toward a stronger yen and the depreciation of emerging-market currencies pressured revenue and profit this time. - FY2018RestatedAnnual report
「In addition, the weaker yen affected consolidated results. On a yen-denominated basis, revenue was ¥9,572 million, down 0.0% year on year, while segment profit (operating profit) was ¥2,205 million, down 39.6%.」
As in the previous quarter, the company explained that currency movements affected consolidated results on a yen-denominated basis. - FY2018-Q3RestatedAnnual report
「Yen depreciation affected consolidated results. On a yen-denominated basis, revenue was ¥7,152 million, down 1.5% year on year, while segment profit (operating profit) was ¥1,643 million, down 47.8%.」
The company explained that yen depreciation affected yen-denominated consolidated results, following the previous quarter. - FY2018-Q2RestatedAnnual report
「Yen depreciation affected consolidated results. On a yen-denominated basis, revenue was ¥4,713 million, down 5.8% year on year, while segment profit (operating profit) was ¥1,029 million, down 53.2%.」
The company explained that yen depreciation affected yen-denominated consolidated results, following the previous quarter. - FY2018-Q1ReframedAnnual report
「Yen depreciation affected consolidated results. On a yen-denominated basis, revenue was ¥2,340 million, up 3.1% year on year, while segment profit (operating profit) was ¥698 million, down 25.8%.」
The explanation changed from the impact of yen appreciation to the impact of yen depreciation on yen-denominated consolidated results during the quarter. - FY2017-Q3RestatedAnnual report
「Yen appreciation had a significant impact on consolidated results. On a yen-denominated basis, revenue was ¥7,259 million, up 10.4% year on year, while segment profit (operating profit) was ¥3,146 million, up 19.3%.」
The company again stated that yen appreciation had a significant impact on yen-denominated consolidated results, continuing its references to the impact of foreign exchange movements. - FY2017-Q2RestatedAnnual report
「Yen appreciation affected consolidated results. On a yen-denominated basis, revenue was ¥4,740 million, up 7.0% year on year, while segment profit (operating profit) was ¥2,201 million, up 29.0%.」
The company again stated that yen appreciation affected yen-denominated consolidated results, continuing its references to the impact of foreign exchange movements. - FY2016-Q3First statedAnnual report
「Yen appreciation also had a significant impact on consolidated results. On a yen-denominated basis, revenue was ¥657.5 million, up 6.9% year on year, and segment profit (operating profit) was ¥263.8 million, up 91.4%.」
Foreign-exchange movements caused a difference between results in local currencies and yen-denominated consolidated results and actually affected consolidated performance for the quarter.