Impact of Exchange-Rate Fluctuations on Import Costs and Profit Margins
First written in FY2016. 13 of 35 entries say "Mitigated", first in FY2018. Latest entry: 2026-11-05.
Hiraki moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 39 of 72 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- 2026-11-05MitigatedRevisions to earnings forecasts
「為替差益 14,505」
当中間期の損益計算書では為替差益を計上しており、前年同期に計上した為替差損は生じていない。 - FY2026MitigatedAnnual report
「Foreign exchange loss ¥1.352 million」
The foreign exchange loss declined from ¥3.028 million in the previous fiscal year to ¥1.352 million. While continuing to respond through forward exchange contracts and other measures, the amount of the impact on profit and loss has declined. - 2026-05-15MitigatedRevisions to earnings forecasts
「為替差損 3,028 1,352」
為替差損の計上額は前期の3,028千円から1,352千円へ減少した。 - FY2026-H1MitigatedAnnual report
「Foreign exchange loss ¥3.061 million」
The foreign exchange loss in the interim period was ¥3.061 million, down from ¥4.703 million in the same period of the previous year. The impact of exchange-rate movements on profit and loss remains, but the amount recorded has declined. - FY2025MaterialisedAnnual report
「Foreign exchange loss 3,028」
The company recorded a foreign exchange loss of ¥3.028 million in the fiscal year under review, indicating that the risk from the weaker yen and import costs materialized in full-year profit and loss. The company entered into forward exchange contracts and other transactions for the following year, and the contracted amount of forward exchange contracts increased from ¥475 million in the previous fiscal year to ¥1.202 billion. - FY2025-H1MitigatedAnnual report
「Foreign exchange loss ¥4.703 million」
The foreign exchange loss in the interim period was ¥4.703 million, down from ¥20.2 million in the same period of the previous year. The impact of the weaker yen remains, but the amount of the foreign exchange loss recorded has declined. - FY2024WorsenedAnnual report
「The company has been affected by the rapid depreciation of the yen since April 2022, but will maintain appropriate gross profit margins on original products through cost reductions and conduct timely foreign exchange transactions.」
The impact of the rapid depreciation of the yen has continued, and the company is responding by maintaining the gross profit margin through cost reductions and foreign exchange transactions. - FY2024-Q3WorsenedAnnual report
「The number of orders fell below the level of the same period of the previous year, due in part to price revisions resulting from higher import prices caused by the weaker yen, as well as an increase in consumers' preference for saving amid declining real wages due to higher prices and the company's inability to present the value of its products sufficiently attractively and effectively.」
Higher import prices caused by the weaker yen led to price revisions, and the company also recorded a foreign exchange loss of ¥5.048 million in the cumulative third-quarter period. The impact of exchange-rate movements has continued. - FY2024-Q2WorsenedAnnual report
「Foreign exchange loss ¥20.200 million」
The company recorded a foreign exchange loss of ¥20.2 million in the cumulative second-quarter period, compared with a foreign exchange gain of ¥15.129 million in the cumulative second-quarter period of the previous fiscal year, worsening the impact of exchange-rate movements on profit and loss. - FY2024-Q1WorsenedAnnual report
「In terms of profit, segment profit was ¥235 million, down 36.7% year on year, due to the decline in the gross profit margin associated with the rapid depreciation of the yen, in addition to lower revenue.」
The decline in the gross profit margin caused by the rapid depreciation of the yen, together with lower revenue, weighed on profit from the mail-order business. The quarterly consolidated income statement also recorded a foreign exchange loss of ¥10.038 million. - FY2023WorsenedAnnual report
「During the fiscal year under review, the risk from exchange-rate movements materialized as the yen depreciated rapidly. In response, the company raised its internal benchmark exchange rate for product development to secure product gross profit margins and secured forward exchange contract capacity at an early stage.」
The rapid depreciation of the yen continued to affect full-year results through higher procurement costs and a lower gross profit margin. The company is responding by raising its internal benchmark exchange rate and securing forward exchange contract capacity at an early stage. - FY2023-Q3RestatedAnnual report
「In addition, price revisions for some products in response to higher procurement prices caused by the rapid depreciation of the yen resulted in revenue of ¥6.055 billion, down 11.2% year on year. In terms of profit, in addition to lower revenue, the rise in procurement costs associated with the weaker yen reduced the gross profit margin, resulting in segment profit of ¥556 million, down 43.5% year on year.」
Higher procurement prices and costs caused by the rapid depreciation of the yen and the resulting decline in the gross profit margin have continued, and price revisions were made for some products. There has been no material change from the previous quarter in the way the risk has affected the business. - FY2023-Q2WorsenedAnnual report
「Procurement costs rose due to higher material costs and the rapid depreciation of the yen. As a result, revenue was ¥3.969 billion, down 11.6% year on year. In terms of profit, despite price revisions for some products in addition to lower revenue, higher procurement costs led to a decline in the gross profit margin, resulting in segment profit of ¥331 million, down 49.1% year on year.」
The increase in procurement costs caused by higher material costs and the rapid depreciation of the yen continued to affect the decline in the gross profit margin and the decrease in profit from the mail-order business even after price revisions. - FY2023-Q1WorsenedAnnual report
「In terms of profit, segment profit was ¥371 million, down 28.0% year on year, as the gross profit margin declined from the same period of the previous year due to higher material costs and the rapid depreciation of the yen, in addition to lower revenue.」
The rapid depreciation of the yen and higher material costs directly affected the decline in the gross profit margin and the decrease in profit from the mail-order business. - FY2022MitigatedAnnual report
「Foreign Exchange Gains」
The company recorded a foreign exchange gain of ¥2.555 million in the current fiscal year, compared with a foreign exchange loss of ¥13 million in the previous fiscal year, improving the direction of the impact of exchange-rate movements on profit and loss. The policy of stabilizing procurement costs through forward exchange contracts has also continued. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gain ¥6.063 million」
The cumulative period through the current quarter produced a foreign exchange gain of ¥6.063 million, compared with a foreign exchange loss of ¥10.501 million in the same period of the previous year, improving both the direction and amount of the impact of exchange-rate movements on profit and loss. - FY2022-Q2MitigatedAnnual report
「Foreign exchange loss ¥1.453 million」
The foreign exchange loss for the cumulative second-quarter period was ¥1.453 million, down from ¥12.012 million in the same period of the previous year. The impact of exchange-rate movements on profit and loss remains, but the amount of the impact has declined. - FY2022-Q1MitigatedAnnual report
「Foreign exchange loss ¥2.370 million」
The foreign exchange loss in the first quarter was ¥2.37 million, down from ¥11.375 million in the same period of the previous year. The impact of exchange-rate movements on profit and loss remains, but the amount of the impact has declined. - FY2021WorsenedAnnual report
「The ordinary profit margin was 5.7%, up 2.7 percentage points from the previous fiscal year, due in part to a foreign exchange loss of ¥13 million.」
The company recorded a foreign exchange loss of ¥13 million, and the impact of exchange-rate movements on profit and loss continued to arise. - FY2021-Q3WorsenedAnnual report
「Foreign exchange loss ¥10.501 million」
The foreign exchange loss for the cumulative third-quarter period was ¥10.501 million, up from ¥1.784 million in the same period of the previous year. - FY2021-Q2WorsenedAnnual report
「Foreign exchange loss ¥12.012 million」
The foreign exchange loss for the cumulative second-quarter period was ¥12.012 million, up from ¥59 thousand in the same period of the previous year, increasing the impact of exchange-rate movements on profit and loss. - FY2021-Q1WorsenedAnnual report
「Foreign exchange loss ¥11.375 million」
The foreign exchange loss in the first quarter was ¥11.375 million, up from ¥5.457 million in the same period of the previous year. The impact of exchange-rate movements on profit and loss has increased again. - FY2020-Q3MitigatedAnnual report
「Foreign exchange loss ¥1.784 million」
The foreign exchange loss for the cumulative third-quarter period was ¥1.784 million, down from ¥20.808 million in the same period of the previous year, reducing the impact of exchange-rate movements on profit and loss. - FY2020-Q2MitigatedAnnual report
「Foreign exchange loss 59」
The foreign exchange loss in the cumulative second-quarter period was ¥59 thousand, a substantial decrease from ¥19.517 million in the same period of the previous year. The impact of exchange-rate movements on profit and loss remains, but the amount of the impact has declined. - FY2020-Q1MitigatedAnnual report
「Foreign-exchange losses」
The foreign exchange loss in the first quarter was ¥5.457 million, down from ¥18.747 million in the same period of the previous year. However, the impact of exchange-rate movements on profit and loss continued to arise. - FY2019MaterialisedAnnual report
「Foreign exchange loss ¥12.279 million」
The company recorded a foreign exchange loss of ¥12.279 million in the fiscal year under review, with the impact of exchange-rate movements on profit and loss emerging in its results. - FY2019-Q3MaterialisedAnnual report
「Foreign exchange loss ¥20.808 million」
The company recorded a foreign exchange loss of ¥20.808 million in the cumulative third-quarter period, with the impact of exchange-rate movements on profit and loss continuing to arise. - FY2019-Q2MaterialisedAnnual report
「Foreign exchange loss ¥19.517 million」
The company recorded a foreign exchange loss of ¥19.517 million in the cumulative second-quarter period, with the impact of exchange-rate movements on profit and loss continuing to emerge in its results. - FY2019-Q1MaterialisedAnnual report
「Foreign-exchange losses」
The company recorded a foreign exchange loss of ¥18.747 million in the first quarter, with the impact of exchange-rate movements on profit and loss emerging in its results again. - FY2018MitigatedAnnual report
「With the improvement of the gross profit margin as its primary objective, the company secured forward exchange contracts at yen appreciation levels and worked to reduce procurement costs by actively developing new suppliers and encouraging competition among production contractors. As a result, the gross profit margin was 45.3%, up 2.1 percentage points from the previous fiscal year.」
The company stated that securing forward exchange contracts and reducing procurement costs limited the impact of exchange rates and import costs on profit margins, improving the gross profit margin. - FY2018-Q3Gross profit margin improved due to exchange-rate factorsAnnual report
「In terms of profit, the gross profit margin improved due in part to exchange-rate factors, resulting in segment profit (operating income) of ¥1.026 billion, up 18.0% year on year.」
Previously, the company had reported higher cost ratios and foreign exchange losses caused by exchange-rate movements, but in the current quarter it described exchange-rate factors and other items as contributing to the improvement in the gross profit margin. - FY2018-Q1MaterialisedAnnual report
「Foreign exchange loss ¥7.969 million」
The company recorded a foreign exchange loss of ¥7.969 million in the first quarter, with the impact of exchange-rate movements on profit and loss continuing to emerge in its results. - FY2017MaterialisedAnnual report
「Foreign-exchange losses」
The company recorded a foreign exchange loss of ¥18.759 million in the fiscal year under review, with the impact of exchange-rate movements on profit and loss arising in its results. - FY2017-Q1MaterialisedAnnual report
「Foreign-exchange losses」
The company recorded a foreign exchange loss of more than ¥7 million in the first quarter, with the impact of exchange-rate movements on profit and loss emerging in its results. - FY2016First statedAnnual report
「Although the company reduced expenses through efficiency measures, operating income was ¥556 million, down 5.4% year on year, as the gross profit margin declined due in part to the rise in the cost ratio of self-developed products caused by the weaker yen. The company seeks to stabilize procurement costs for import transactions through forward exchange contracts and other measures, but sharp fluctuations in the US dollar-yen exchange rate could affect operating results and other matters.」
The company reported an actual increase in the cost ratio and a decline in the profit margin caused by the weaker yen, and is using forward exchange contracts as a countermeasure.