Foreign Exchange Risk Associated With Overseas Procurement and International Operations
First written in FY2023. 3 of 5 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
Kibun Foods moved to the "Worse" side of this theme in 2024, 6 years after the typical company in this theme (2018).
The whole theme swung hardest in 2022: 5 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Sales of crab-flavored kamaboko and other surimi products from the company's main plant in Thailand declined as appreciation of the baht against the US dollar reached historically high levels, reducing export competitiveness」
Foreign exchange fluctuations actually affected business performance through lower export competitiveness and declining sales of products from the Thailand plant. - 2026-05-15MaterialisedRevision of earnings forecasts
「Sales of surimi products, including the Thai plant's core crab-flavored surimi product, declined as the baht's appreciation against the US dollar over the year reduced export competitiveness. Sales of prepared foods, confectionery and agricultural and marine products, which had performed well, were insufficient to offset the decline, resulting in lower revenue.」
The impact of foreign exchange movements was reflected in the results through reduced export competitiveness and lower sales of products from the Thai plant. - FY2025-H1MaterialisedAnnual report
「The Trading Division struggled with products it handles, including imported agricultural, livestock, and fishery products, due to the impact of yen depreciation.」
The Trading Division of the domestic food business actually experienced weaker performance in handled products, including imported agricultural, livestock, and fishery products, due to yen depreciation. - FY2024RestatedAnnual report
「Accordingly, if the exchange rate were to change sharply beyond the anticipated range in import and export transactions involving products and raw materials, it could affect the group's business performance.」
The company reconfirms the foreign exchange risk associated with overseas procurement and sales and the use of yen-denominated transactions and foreign exchange forwards as hedges. - FY2023First statedAnnual report
「Accordingly, if the exchange rate were to change sharply beyond the anticipated range in import and export transactions involving products and raw materials, it could affect the group's business performance.」
The company recognizes foreign exchange fluctuations associated with overseas raw material procurement, overseas manufacturing and sales, and imports and exports as a risk, and addresses it through yen-denominated transactions and foreign exchange forward contracts.