Foreign Exchange Rate Fluctuation Risk Associated with Import and Export Transactions

「Foreign exchange gain 120」

「Foreign exchange gain 82 120」

「Foreign exchange loss 15」

「Foreign exchange loss 11」

「Cost of sales was 109.0% of the level in the same period of the previous year, due mainly to a substantial increase in raw material costs resulting from rising raw material prices and the yen's depreciation.」

「Cost of sales was 108.9% of the level in the same period of the previous year, due mainly to a substantial increase in raw material costs resulting from rising raw material prices and the yen's depreciation.」

「As the Company reconsidered its company-wide risk management methods in response to changes in the external environment, including fluctuations in raw material prices and foreign exchange rates, it reviewed its management methods for forward exchange contracts and changed the accounting method from matched-hedge accounting to deferred hedge accounting, effective from the first quarter of the current consolidated fiscal year.」

「In non-operating income and expenses, a foreign exchange gain of ¥593 million was recorded due to the yen's depreciation against other currencies, an increase of ¥328 million from the previous fiscal year.」

「In non-operating income and expenses, a foreign exchange gain of ¥603 million was recorded due to the yen's depreciation against other currencies, an increase of ¥432 million year on year.」

「In non-operating income and expenses, a foreign exchange gain of ¥522 million was recorded due to the yen's depreciation against other currencies, an increase of ¥443 million year on year.」

「Cost of sales was 108.7% of the level in the same period of the previous year, due to higher raw material costs resulting from rising raw material prices and the yen's depreciation, as well as higher fuel and utility costs resulting from rising energy prices. ... As the yen depreciated further, a foreign exchange gain of ¥333 million was recorded, an increase of ¥293 million year on year.」

「Foreign exchange gain 265」

「Foreign exchange gain 170」

「Foreign exchange gain 78」

「Foreign exchange gain 39」

「Foreign exchange gain 45」

「Foreign exchange loss ¥13 million」

「Foreign exchange gain — Foreign exchange loss 0」

「Because our Group's purchases are larger than its sales in terms of the balance between sales and purchases denominated in foreign currencies, we are taking measures such as balancing foreign-currency transactions by expanding export transactions.」

「Foreign exchange gain 68」

「Foreign exchange gain 14」

「Foreign exchange gain 35」

「For export products, the company exhibited at overseas trade shows and conducted intensive sales-promotion campaigns. However, sales value declined from the prior fiscal year due to lower selling prices resulting from the yen's appreciation and other factors.」

「Foreign exchange gain 179」

「Foreign exchange gain 134」

「Foreign exchange gain 67」

「Foreign exchange loss 14」

「Foreign exchange gain 63」

「Foreign exchange gain 28」

「Foreign exchange loss 129 5」

「In non-operating income and expenses, the net amount of foreign exchange gains, the principal item of non-operating income, less foreign exchange losses, a non-operating expense, decreased by ¥820 million from the previous fiscal year, resulting in a loss of ¥273 million.」

「Foreign exchange loss 381」

「Foreign exchange loss 379」

「The trend toward a stronger yen and lower share prices has continued unabated, leaving the outlook uncertain.」

「The import of sesame seeds and export transactions involving sesame oil and other products may be affected by fluctuations in foreign exchange rates involving foreign currencies, primarily the US dollar. Accordingly, the Company hedges the risk of exchange-rate fluctuations using forward exchange contracts and other methods, but it is impossible to eliminate the risk entirely.」