Foreign Exchange Risk
First written in FY2024. 2 of 4 entries say "Materialised", first in FY2025. Latest entry: 2026-05-13.
Rigaku Holdings moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
24 other companies' latest entry also says "Materialised".
- 2026-05-13MaterialisedFinancial results presentation
「Foreign exchange losses were affected by valuation losses on intra-group dollar-denominated borrowings and other items resulting from the rapid depreciation of the yen.」
Valuation losses on intra-group dollar-denominated borrowings and other items caused by the rapid depreciation of the yen were cited as a factor in operating profit for the first quarter of FY26. - FY2025MaterialisedAnnual report
「Other expenses Foreign exchange losses 151 575」
The Group recorded foreign exchange losses of ¥575 million in fiscal 2025, demonstrating an actual impact of foreign exchange movements on earnings. Productivity improvements, appropriate pricing and overseas production and parts procurement remain responses to yen appreciation. - FY2025-H1WorsenedAnnual report
「As the interest-rate differential between Japan and the United States narrowed, the foreign exchange market moved toward a stronger yen and weaker dollar, which may affect exporters. At the same time, changes in monetary policy and trends in the global economy are expected to complicate the impact, and the environment surrounding Japan’s economy remains uncertain.」
The disclosure identifies the stronger-yen/weaker-dollar trend accompanying the narrowing Japan-U.S. interest-rate differential as a new economic condition and notes the potential impact on exporters. It does not state that a specific adverse impact on the Group’s results has occurred. - FY2024First statedAnnual report
「We estimate that a ¥1 appreciation of the yen against the U.S. dollar would reduce operating income by slightly more than ¥100 million per year.」
The Group is affected by yen appreciation due to the composition of overseas sales and domestic production and exports. It is considering overseas production and overseas procurement of parts as responses if yen appreciation persists.