Risks from fluctuations in foreign exchange rates, interest rates, commodity prices and securities prices
First written in FY2016. 22 of 28 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
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- FY2026Update to interest-rate and share-price sensitivitiesAnnual report
「At the end of the previous consolidated fiscal year and the end of the current consolidated fiscal year, the impact on profit before tax of a 1% increase in interest rates on the financial instruments held by the Group was ¥△703 million and ¥△3,134 million, respectively.」
The impact of a 1% increase in interest rates on profit before tax was updated and disclosed as ¥△3,134 million. The impact of a 1% decline in listed share prices on other comprehensive income was also disclosed as ¥△972 million. - FY2025Update to foreign exchange sensitivity and borrowings balanceAnnual report
「In addition, for foreign exchange earnings sensitivity to the US dollar only, a ¥1 per US dollar movement has an annual impact of approximately ¥800 million on gross profit, approximately ¥300 million on net income attributable to the company's shareholders, and approximately ¥2 billion on equity.」
The annual impact of a ¥1 movement in the US dollar was updated to ¥800 million for gross profit, ¥300 million for net income attributable to owners of the parent, and ¥2 billion for equity. - FY2025-H1WorsenedAnnual report
「Following the lifting of its negative interest-rate policy in March, the Bank of Japan raised its policy rate in July to 0.25%. Another rate hike is expected to be considered in light of a careful assessment of economic conditions.」
The policy-rate increase following the lifting of Japan's negative interest-rate policy, along with the possibility of another rate hike, was disclosed, making the factors driving volatility in market conditions, including interest rates and foreign exchange rates, more concrete. - FY2024Quantitative disclosure of market-risk sensitivitiesAnnual report
「In addition, for foreign exchange earnings sensitivity to the US dollar only, a ¥1 per US dollar movement has an annual impact of approximately ¥700 million on gross profit, approximately ¥200 million on net income attributable to the company's shareholders, and approximately ¥2 billion on equity.」
The annual impact of a ¥1 per US dollar movement on gross profit, net income and equity was quantified. Sensitivity analyses for interest rates, commodity prices and share prices were also disclosed. - FY2024-Q2WorsenedAnnual report
「The Bank of Japan maintained its conventional accommodative monetary policy, and the yen depreciated against the backdrop of the interest-rate differential between Japan and the United States. Attention is required to the possibility of sharp foreign exchange movements caused by changes in Japanese monetary policy and other factors.」
In addition to the yen's depreciation, the possibility of sharp foreign exchange movements triggered by changes in Japanese monetary policy was explicitly identified, making concerns about foreign exchange risk more concrete. - FY2024-Q1MaterialisedAnnual report
「Total equity attributable to owners of the parent increased by ¥27.219 billion from the end of the previous fiscal year to ¥864.932 billion, mainly due to the accumulation of quarterly net income and an increase in other components of equity resulting from foreign exchange movements.」
Foreign exchange movements were reflected in equity attributable to owners of the parent as an increase in other components of equity, and the impact of market risks appeared in actual figures. - FY2023-Q3MaterialisedAnnual report
「Comprehensive income for the quarter increased by ¥64.207 billion year on year to ¥157.465 billion as FVTOCI financial assets, translation adjustments for foreign operations and other items were recognized in addition to quarterly net income. Comprehensive income for the quarter attributable to owners of the parent increased by ¥61.492 billion year on year to ¥150.405 billion.」
Items related to market prices and foreign exchange movements, including FVTOCI financial assets and translation adjustments for foreign operations, were reflected in comprehensive income for the quarter. The year-on-year increase was substantial. - FY2023-Q2MaterialisedAnnual report
「Comprehensive income for the quarter increased by ¥95.991 billion year on year to ¥156.690 billion as FVTOCI financial assets, translation adjustments for foreign operations and other items were recognized in addition to quarterly net income. Comprehensive income for the quarter attributable to owners of the parent increased by ¥90.236 billion year on year to ¥148.583 billion.」
Items related to share-price and foreign exchange movements, including FVTOCI financial assets and translation adjustments for foreign operations, continued to be reflected in actual comprehensive income for the quarter. - FY2023-Q1MaterialisedAnnual report
「Comprehensive income for the quarter increased by ¥55.005 billion year on year to ¥92.686 billion as FVTOCI financial assets, translation adjustments for foreign operations and other items were recognized in addition to quarterly net income. Comprehensive income for the quarter attributable to owners of the parent increased by ¥51.043 billion year on year to ¥87.584 billion.」
Items related to market prices and foreign exchange movements, including FVTOCI financial assets and translation adjustments for foreign operations, were reflected in comprehensive income for the quarter. - FY2022-Q3MaterialisedAnnual report
「Total equity attributable to owners of the parent increased by ¥55.572 billion from the end of the previous fiscal year to ¥674.683 billion, mainly due to the accumulation of quarterly net income and an increase in other components of equity resulting from foreign exchange and share-price fluctuations.」
Foreign exchange and share-price fluctuations were reflected in actual changes in equity as an increase in other components of equity. - FY2022-Q2MaterialisedAnnual report
「Total equity attributable to owners of the parent increased by ¥38.520 billion from the end of the previous fiscal year to ¥657.631 billion, mainly due to the accumulation of quarterly net income and an increase in other components of equity resulting from foreign exchange and share-price fluctuations.」
Foreign exchange and share-price fluctuations were reflected in changes in equity attributable to owners of the parent as an increase in other components of equity. - FY2022-Q1MaterialisedAnnual report
「Total equity attributable to owners of the parent increased by ¥26.050 billion from the end of the previous fiscal year to ¥645.161 billion, mainly due to the accumulation of quarterly net income and an increase in other components of equity resulting from foreign exchange and share-price fluctuations.」
Foreign exchange and share-price fluctuations were reflected in equity attributable to owners of the parent as an increase in other components of equity. - FY2021-Q3MaterialisedAnnual report
「Comprehensive income for the quarter increased by ¥1.591 billion year on year to ¥22.579 billion as FVTOCI financial assets, translation adjustments for foreign operations and other items were recognized in addition to quarterly net income. Comprehensive income for the quarter attributable to owners of the parent increased by ¥3.129 billion year on year to ¥20.630 billion.」
Items related to market prices and foreign exchange movements, including FVTOCI financial assets and translation adjustments for foreign operations, were reflected in comprehensive income for the quarter. Compared with the same period of the previous year, comprehensive income shifted to an increase. - FY2021-Q2MaterialisedAnnual report
「Comprehensive income for the quarter increased by ¥11.920 billion year on year to ¥6.656 billion as FVTOCI financial assets, translation adjustments for foreign operations and other items were recognized in addition to quarterly net income. Comprehensive income for the quarter attributable to owners of the parent increased by ¥12.255 billion year on year to ¥5.660 billion.」
Items related to market prices and foreign exchange movements, including FVTOCI financial assets and translation adjustments for foreign operations, were reflected in comprehensive income for the quarter. Compared with the same period of the previous year, comprehensive income shifted from a loss to an increase. - FY2020MaterialisedAnnual report
「Comprehensive income for the fiscal year decreased by ¥57.309 billion year on year, resulting in a loss of ¥2.361 billion, due to declines in translation adjustments for foreign operations, financial assets measured at fair value through other comprehensive income (hereinafter, FVTOCI financial assets) and net income. Comprehensive income for the fiscal year attributable to owners of the parent decreased by ¥55.158 billion year on year, resulting in a loss of ¥4.220 billion.」
The decreases in translation adjustments for foreign operations and FVTOCI financial assets materialized as losses in comprehensive income for the fiscal year and comprehensive income for the fiscal year attributable to owners of the parent. - FY2020-Q3MaterialisedAnnual report
「Comprehensive income for the quarter decreased by ¥13.441 billion year on year to ¥20.988 billion, due to a decline in quarterly net income and decreases in translation adjustments for foreign operations and financial assets measured at fair value through other comprehensive income (hereinafter, FVTOCI financial assets). Comprehensive income for the quarter attributable to owners of the parent decreased by ¥13.758 billion year on year to ¥17.501 billion.」
The decreases in translation adjustments for foreign operations and FVTOCI financial assets continued to be reflected in actual results as declines in comprehensive income for the quarter and comprehensive income for the quarter attributable to owners of the parent. - FY2020-Q2MaterialisedAnnual report
「Comprehensive income for the quarter decreased by ¥47.854 billion year on year, resulting in a loss of ¥5.264 billion, due to a decline in quarterly net income and decreases in translation adjustments for foreign operations and financial assets measured at fair value through other comprehensive income (hereinafter, FVTOCI financial assets). Comprehensive income for the quarter attributable to owners of the parent decreased by ¥46.112 billion year on year, resulting in a loss of ¥6.595 billion.」
The decreases in translation adjustments for foreign operations and FVTOCI financial assets were reflected in actual figures as losses in comprehensive income for the quarter and comprehensive income for the quarter attributable to owners of the parent. - FY2020-Q1MaterialisedAnnual report
「Comprehensive income for the quarter decreased by ¥14.243 billion year on year, resulting in a loss of ¥1.618 billion, due to a decline in quarterly net income and a decrease in financial assets measured at fair value through other comprehensive income (hereinafter, FVTOCI financial assets). Comprehensive income for the quarter attributable to owners of the parent decreased by ¥13.607 billion year on year, resulting in a loss of ¥2.387 billion.」
The decrease in FVTOCI financial assets and other factors was reflected in actual figures as losses in comprehensive income for the quarter and comprehensive income for the quarter attributable to owners of the parent. - FY2019-Q3MaterialisedAnnual report
「Although quarterly net income increased, comprehensive income for the quarter decreased by ¥32.349 billion year on year to ¥34.429 billion, mainly because translation adjustments for foreign operations and financial assets measured at fair value through other comprehensive income decreased. Comprehensive income for the quarter attributable to owners of the parent decreased by ¥31.394 billion year on year to ¥31.259 billion.」
The decreases in translation adjustments for foreign operations and financial assets measured at fair value were reflected in actual financial figures as a decline in comprehensive income for the quarter. - FY2019-Q2MaterialisedAnnual report
「Comprehensive income for the quarter increased by ¥5.826 billion year on year to ¥42.590 billion, mainly due to an increase in quarterly net income, despite a decrease in translation adjustments for foreign operations.」
The decrease in translation adjustments for foreign operations was reflected in actual financial figures as a negative factor in other comprehensive income. - FY2019-Q1MaterialisedAnnual report
「Comprehensive income for the quarter decreased by ¥7.811 billion year on year to ¥12.625 billion, despite an increase in quarterly net income, mainly because translation adjustments for foreign operations decreased. Comprehensive income for the quarter attributable to owners of the parent decreased by ¥8.406 billion year on year to ¥11.220 billion.」
The decrease in translation adjustments for foreign operations was reflected in actual results as a decline in comprehensive income for the quarter, and the impact of market risks continued to become apparent. - FY2018-Q3MaterialisedAnnual report
「Total equity attributable to owners of the parent increased by ¥51.371 billion from the end of the previous fiscal year to ¥601.884 billion, mainly due to the accumulation of quarterly net income and an increase in other components of equity resulting from share-price and foreign exchange fluctuations.」
Share-price and foreign exchange fluctuations were reflected in changes in equity attributable to owners of the parent as an increase in other components of equity. - FY2018-Q2MaterialisedAnnual report
「Total equity attributable to owners of the parent increased by ¥28.610 billion from the end of the previous fiscal year to ¥579.123 billion, mainly due to the accumulation of quarterly net income and an increase in other components of equity resulting from foreign exchange and share-price fluctuations.」
Foreign exchange and share-price fluctuations were reflected in actual equity as changes in other components of equity. - FY2018-Q1MaterialisedAnnual report
「Total equity attributable to owners of the parent increased by ¥14.474 billion from the end of the previous fiscal year to ¥564.987 billion, mainly due to the accumulation of quarterly net income and an increase in other components of equity resulting from share-price fluctuations.」
Share-price fluctuations were reflected in actual changes in equity as an increase in other components of equity. - FY2017-Q3MaterialisedAnnual report
「Revenue for the first nine months of the current consolidated fiscal year decreased 11.6% year on year to ¥1.120918 trillion. This reflected the impact of a stronger yen throughout the period, despite a shift toward yen depreciation toward the end of the third quarter, as well as declines in the food and agribusiness segment due to lower grain trading and in the coal and metals segment due to lower precious-metals and ferroalloy trading.」
The impact of a stronger yen throughout the period was reflected in actual results as a factor behind the decline in revenue. - FY2017-Q2MaterialisedAnnual report
「Total equity attributable to owners of the company decreased by ¥45.644 billion from the end of the previous fiscal year to ¥474.709 billion, despite the accumulation of quarterly net income, mainly because other components of equity declined due to foreign exchange movements.」
The impact of foreign exchange movements was reflected in decreases in other components of equity and equity attributable to owners of the parent. - FY2017-Q1MaterialisedAnnual report
「Total assets at the end of the first quarter of the current consolidated fiscal year decreased by ¥83.63 billion from the end of the previous fiscal year to ¥1.97304 trillion, mainly because trade and other receivables (current) declined in the automotive and chemicals businesses, and other investments decreased due to fluctuations in foreign exchange rates and share prices.」
The impact of foreign exchange and share-price fluctuations was reflected in the decrease in other investments and a ¥38.187 billion loss in comprehensive income for the quarter attributable to owners of the parent. - FY2016First statedAnnual report
「The Group is exposed to market risks, including foreign exchange risk arising from foreign-currency transactions related to its trading business and business investments, interest-rate risk associated with financing and investment activities, commodity-price risk associated with purchase and sales contracts and inventory in operating activities, and price risk associated with holdings of listed securities.」
The Group seeks to minimize market risks through hedging transactions, asset-liability matching and position limits.