Surging Resource and Energy Prices, Yen Depreciation and Southeast Asian Inflation
First written in FY2024-Q1. 3 of 10 entries say "Restated". Latest entry: FY2026.
Okamura Foods moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
16 other companies' latest entry also says "Other".
- FY2026Middle East tensions and financial market volatility cited as downward pressuresAnnual report
「The economic environment requires close attention to downside risks, including the situation in the Middle East and volatility in financial and capital markets.」
In addition to the previously cited risks related to foreign exchange rates, resource prices and inflation, the Company cited the situation in the Middle East and volatility in financial and capital markets as downside risks to the economy. Foreign exchange gains of ¥398 million boosted ordinary profit during the fiscal year. - FY2026-H1Added tariffs and rising domestic interest rates as new downside factorsAnnual report
「Close attention is required to the risk that US tariff policies and rising domestic interest rates could weigh on economic activity.」
In addition to the previously stated risks from yen depreciation and resource prices, US tariff policies and rising domestic interest rates were identified as downside risks to economic activity. Economic conditions in Southeast Asia were described as firm. - FY2025MaterialisedAnnual report
「Foreign-currency translation gains and losses on foreign-currency-denominated receivables have been a major factor in non-operating income and expenses in determining ordinary income. In the current consolidated fiscal year, they had a negative impact of ¥578 million year on year, comprising a foreign exchange loss of ¥222 million in the current consolidated fiscal year compared with a foreign exchange gain of ¥355 million in the previous consolidated fiscal year.」
Unstable foreign exchange movements materialised as a ¥222 million foreign exchange loss, weighing on ordinary income even as operating income increased. - FY2025-H1RestatedAnnual report
「Uncertainty continued, with foreign exchange and equity markets showing unstable movements.」
The filing stated that unstable movements in foreign exchange markets and other markets, together with an uncertain economic environment, continued. Meanwhile, economic conditions in Southeast Asia and Taiwan remained favourable. - FY2024RestatedAnnual report
「The yen continued to weaken rapidly because of interest-rate differentials with other countries, and although inbound demand and other areas showed signs of recovery, the outlook remained uncertain because of elevated prices for imported resources and energy.」
Yen depreciation, elevated resource and energy prices, inflation in Southeast Asia and monetary tightening continued. - FY2024-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy remained uncertain. The yen continued to weaken because of interest-rate differentials with other countries, and although there were signs of recovery in inbound demand and other areas, consumer appetite remained subdued because of the repercussions of elevated prices for imported resources and energy. In Southeast Asia, the main operating region of the Group, the economic recovery driven by firm demand for services showed some signs of stabilisation. However, close attention is required to economic conditions in each country because of inflation caused by the unstable global situation and other factors, as well as continued monetary tightening by countries in response.」
Although yen depreciation, elevated resource and energy prices, inflation in Southeast Asia and monetary tightening continued, no new deterioration was explicitly identified. - FY2024-Q2WorsenedAnnual report
「The negative operating cash flow was mainly attributable to an increase of ¥5,029 million in inventories, among other factors, as the depreciation of the yen continued to drive up raw material procurement costs, transportation costs and feed costs for the aquaculture business.」
In addition to the continuing external conditions of yen depreciation, elevated resource and energy prices and inflation, higher raw material, transportation and aquaculture feed costs led to increased inventories and negative operating cash flow. - FY2024-Q1First statedAnnual report
「Resource and energy prices remain elevated due to the prolonged situation in Ukraine and other factors, while the yen continues to weaken because of interest-rate differentials with other countries, leaving the outlook uncertain.」「Inflation caused by the uncertain global situation and other factors continues」
Resource and energy price inflation, yen depreciation and inflation in Southeast Asia were identified explicitly for the first time as continuing external conditions.