Impact of Import Exchange-Rate Fluctuations on Procurement Costs and Business Performance
First written in FY2017. 3 of 8 entries say "Restated". Latest entry: FY2025.
Abc-Mart moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 43 of 67 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Most of these imported products are settled in US dollars, creating annual foreign currency demand of approximately $150 million to $200 million. If the US dollar rises by ¥1 against the yen, procurement costs increase by ¥150 million to ¥200 million. For import foreign exchange transactions, the Company may enter into forward exchange contracts and other arrangements to stabilize procurement costs, but significant fluctuations in exchange rates could affect gross profit. The Company currently does not enter into forward exchange contracts.」
Import foreign exchange exposure was stated as $150 million to $200 million per year, with procurement costs increasing by ¥150 million to ¥200 million for a ¥1 depreciation of the yen, and it was also explicitly stated that the Company currently does not enter into forward exchange contracts. - FY2023RaisedAnnual report
「Most of these imported products are settled in US dollars, creating annual foreign currency demand of approximately $200 million. If the US dollar rises by ¥1 against the yen, procurement costs increase by approximately ¥200 million.」
The stated import foreign exchange exposure expanded from more than $100 million per year and an approximately ¥100 million increase for a ¥1 depreciation of the yen to approximately $200 million per year and an approximately ¥200 million increase. - FY2022SoftenedAnnual report
「Most of these imported products are settled in US dollars, creating annual foreign-currency demand of more than $100 million. If the yen weakens by ¥1 against the US dollar, procurement costs increase by approximately ¥100 million.」
The disclosure of sensitivity to import foreign exchange risk changed from approximately $200 million per year and an approximately ¥200 million increase for a ¥1 depreciation of the yen to more than $100 million per year and an approximately ¥100 million increase, reducing the quantified exposure. - FY2021WorsenedAnnual report
「Most of these imported products are settled in US dollars, creating annual foreign-currency demand of approximately $200 million. If the yen weakens by ¥1 against the US dollar, procurement costs increase by approximately ¥200 million. We may enter into forward exchange contracts and other arrangements to stabilize procurement costs, but significant exchange-rate fluctuations could affect gross profit.」
The import foreign-exchange risk was newly quantified as annual foreign-currency demand of approximately $200 million and sensitivity whereby a ¥1 weakening of the yen increases procurement costs by approximately ¥200 million. - FY2020RestatedAnnual report
「We may enter into forward exchange contracts and other arrangements to stabilize procurement costs, but significant exchange-rate fluctuations could affect gross profit.」
The import foreign-exchange risk centered on US dollar settlement and measures such as forward exchange contracts to stabilize procurement costs continue to be disclosed. - FY2019RestatedAnnual report
「Most of these imported products are settled in US dollars. We may enter into forward exchange contracts and other arrangements to stabilize procurement costs, but significant exchange-rate fluctuations could affect gross profit.」
The import foreign-exchange risk centered on US dollar settlement and measures such as forward exchange contracts to stabilize procurement costs continue to be disclosed. - FY2018RestatedAnnual report
「Most of our group's imported products are settled in US dollars. We may enter into forward exchange contracts and other arrangements to stabilize procurement costs, but sharp exchange-rate fluctuations could affect our results.」
The import foreign-exchange risk centered on US dollar settlement and measures such as forward exchange contracts to stabilize procurement costs have been restated. - FY2017First statedAnnual report
「Most of our group's imported products are settled in US dollars. We seek to stabilize procurement costs through forward exchange contracts and other measures, but sharp exchange-rate fluctuations could affect our results.」
Most imported products are settled in US dollars. Although measures such as forward exchange contracts are used to stabilize costs, sharp exchange-rate fluctuations are identified as a risk.