Foreign Exchange Risk on Foreign-Currency-Denominated Assets
First written in FY2017. 2 of 8 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2023.
Gendai Agency moved to the "Worse" side of this theme in 2019.
1 other company's latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Some deposits, investment securities and loans are denominated in foreign currencies and are exposed to foreign exchange risk. The accounting department prepares a list of foreign-currency-denominated assets each quarter and continuously monitors the impact of foreign exchange fluctuations. Where necessary, forward foreign exchange contracts are used to mitigate foreign exchange risk.」
Explicitly describes quarterly monitoring and, where necessary, risk mitigation through forward foreign exchange contracts. - FY2021MitigatedAnnual report
「Non-operating expenses for the current consolidated fiscal year were ¥8 million, a decrease of ¥32 million from the previous consolidated fiscal year.」
The ¥34 million foreign exchange loss on foreign-currency-denominated assets recognized in the previous fiscal year fell to ¥0 million in the current fiscal year, reducing the impact of foreign exchange fluctuations on profit and loss. - FY2020WorsenedAnnual report
「Non-operating expenses for the current consolidated fiscal year were ¥40 million, an increase of ¥23 million from the previous consolidated fiscal year. The main component was a ¥34 million foreign exchange loss on foreign-currency-denominated assets.」
A ¥34 million foreign exchange loss on foreign-currency-denominated assets was incurred, increasing non-operating expenses from the previous fiscal year. - FY2020-Q3SoftenedAnnual report
「Foreign exchange losses － ¥31 million」
Foreign exchange losses decreased from ¥37 million in the cumulative period through the previous quarter to ¥31 million. However, this represents a deterioration from the ¥12 million foreign exchange gain in the same period of the previous year. - FY2020-Q2WorsenedAnnual report
「Non-operating expenses were ¥42 million, consisting mainly of ¥2 million in interest expense and ¥37 million in foreign exchange losses.」
A ¥37 million foreign exchange loss was incurred during the current quarter, an increase from the ¥29 million previously reported, in connection with foreign exchange risk. - FY2020-Q1MaterialisedAnnual report
「Non-operating expenses were ¥32 million, consisting mainly of ¥1 million in interest expense and ¥29 million in foreign exchange losses.」
A ¥29 million foreign exchange loss was actually incurred during the current quarter in connection with foreign exchange risk related to foreign-currency-denominated assets and other items. - FY2018RestatedAnnual report
「Some deposits, investment securities and loans are denominated in foreign currencies and are exposed to foreign exchange risk. The accounting department prepares a list of foreign-currency-denominated assets each quarter and continuously monitors the impact of foreign exchange fluctuations.」
Continues to describe the foreign exchange risk associated with foreign-currency-denominated assets and quarterly monitoring. - FY2017First statedAnnual report
「Some deposits, investment securities and loans are denominated in foreign currencies and are exposed to foreign exchange risk. The accounting department prepares a list of foreign-currency-denominated assets each quarter and continuously monitors the impact of foreign exchange fluctuations.」
Describes the foreign exchange risk associated with foreign-currency-denominated deposits, investment securities and loans, and quarterly monitoring.