Risk to overseas brand pricing and sales to inbound visitors from foreign exchange fluctuations
First written in FY2018. 4 of 9 entries say "Materialised", first in FY2020-Q3. Latest entry: 2026-10-19.
J.Front Retailing moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Mitigated".
- 2026-10-19Mitigatedhonichi.com前回は円安を背景とする免税売上高の減少が報告されていたが、今回は円安による客単価上昇を伴って免税売上高が増加した。
- 2026-10-13SoftenedFinancial Results Presentation
「超円安局面から徐々に安定化に向かうが、円安水準は当面継続とみる」
為替変動について、円安水準の継続を見込む一方、超円安局面からの安定化方向を示した。 - FY2026-H1MaterialisedAnnual report
「Although tax-free sales declined, particularly for high-priced products such as luxury brands, due to exchange-rate fluctuations and other factors, sales to domestic customers remained firm.」
Regarding foreign exchange risk, an actual impact on performance occurred in the form of lower tax-free sales, particularly of high-priced products. - FY2023-Q3RestatedAnnual report
「However, the Company recognises the need to continue monitoring downside risks to consumption from developments in COVID-19, including the eighth wave, sharp exchange-rate fluctuations and rising prices.」
It continues to recognize the risk that sharp foreign exchange fluctuations could weigh on consumption. - FY2022MaterialisedAnnual report
「This depreciation of the yen is accelerating inflation and steadily dampening consumer sentiment. If global equity prices decline further, Japanese share prices will follow, leading to an even greater stagnation in consumption and having a significant impact on the performance of our Group.」
Regarding foreign exchange risk, it described the situation in which yen depreciation leads to higher prices and deterioration in consumer sentiment as part of the actual operating environment. - FY2020MaterialisedAnnual report
「Since the global spread of the novel coronavirus disease, the previously stable foreign exchange market has rapidly become more volatile. Exchange-rate movements affect inbound sales in the retail business, our Group's core business, as well as the procurement of raw materials and products in some businesses, and have a significant impact on the profitability of our Group.」
Regarding foreign exchange risk, it described the widening trading range triggered by the infectious disease and its impact on inbound sales and product procurement as part of the actual operating environment. - FY2020-Q3MaterialisedAnnual report
「Inbound demand was sluggish for a period due to the impact of exchange rates, but has now turned to a recovery trend.」
A temporary slump in inbound demand due to the impact of exchange rates did occur, but demand subsequently turned to a recovery trend. - FY2019WorsenedAnnual report
「Although the foreign exchange market is trending steadily despite changes in fundamentals, including changes in US monetary policy and political instability in the EU, we expect the risk associated with exchange-rate fluctuations to increase somewhat over the medium term.」
Regarding foreign exchange risk, it indicated that although conditions are currently trending steadily, the risk is expected to increase somewhat over the medium term. - FY2018First statedAnnual report
「Changes in foreign exchange rates may cause prices of products sold in our stores to fluctuate and may worsen our business performance. In addition, the number of visits and purchase amounts by visitors to Japan, particularly from China, are affected by foreign exchange fluctuations, which may reduce store sales.」
It separately identified foreign exchange risk for the first time as a corporate risk, through the prices of overseas-brand products and the number of visits and purchase amounts by visitors to Japan.