Impact of Exchange-Rate and Interest-Rate Fluctuations on Business Performance and Financial Position
First written in FY2016. 5 of 33 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2023: 13 of 28 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Recording foreign exchange valuation gains due to the weaker yenAnnual report
「As operating profit increased and foreign exchange valuation gains of ¥1,432 million were recorded on foreign-currency-denominated assets due to yen depreciation, ordinary profit increased 121.4% year on year to ¥10,392 million.」
The company shifted from foreign exchange valuation losses due to yen appreciation in the previous fiscal year to foreign exchange valuation gains of ¥1,432 million on foreign-currency-denominated assets due to yen depreciation in the current fiscal year. - FY2026-H1MitigatedAnnual report
「Foreign exchange losses 926 94」
Foreign exchange losses decreased from ¥926 million in the same period of the previous year to ¥94 million, reducing the impact of currency movements on earnings during the interim period. - FY2025Foreign exchange valuation losses due to yen appreciation recorded for the fiscal yearAnnual report
「As yen appreciation led to foreign exchange valuation losses of ¥155 million on foreign-currency-denominated assets, ordinary profit was ¥4,693 million, compared with an ordinary loss of ¥1,014 million in the same period of the previous year.」
The annual results show a shift from foreign exchange valuation gains due to yen depreciation through the previous fiscal year to foreign exchange valuation losses of ¥155 million due to yen appreciation. - FY2025-H1Shift to foreign exchange valuation losses due to yen appreciationAnnual report
「As the yen's appreciation from the end of the previous consolidated fiscal year led to foreign exchange valuation losses on foreign-currency-denominated assets, ordinary profit was ¥1,151 million, compared with ordinary profit of ¥88 million in the same period of the previous year.」
Unlike the foreign exchange valuation gains on foreign-currency-denominated assets resulting from yen depreciation through the previous fiscal year, the company recorded foreign exchange valuation losses in the interim period due to yen appreciation. - FY2024Higher costs from yen depreciation and foreign exchange valuation gains coexistAnnual report
「As yen depreciation led to foreign exchange valuation gains of ¥2,595 million on foreign-currency-denominated assets, ordinary loss was ¥1,014 million, compared with ordinary profit of ¥1,069 million in the same period of the previous year.」
While yen depreciation generated foreign exchange valuation gains of ¥2,595 million on foreign-currency-denominated assets, it also pushed up fuel, raw material and energy costs, contributing to an operating loss of ¥2,475 million. The two-sided impact of currency movements continues. - FY2024-Q2RestatedAnnual report
「Operating profit deteriorated due to the effects of persistently high fuel and raw material prices, higher costs resulting from yen depreciation and lower sales, resulting in an operating loss of ¥1,792 million, compared with operating profit of ¥1,514 million in the same quarter of the previous year. Meanwhile, as yen depreciation led to foreign exchange valuation gains on foreign-currency-denominated assets, ordinary profit fell 97.7% year on year to ¥88 million, while the quarterly net loss attributable to owners of the parent was ¥409 million, compared with net income of ¥2,909 million in the same quarter of the previous year.」
The company continues to describe the two-sided impact of currency movements, with yen depreciation pushing up operating costs while generating foreign exchange valuation gains on foreign-currency-denominated assets. - FY2024-Q1Higher costs from yen depreciation and foreign exchange valuation gains coexistAnnual report
「Manufacturing was negatively affected by higher costs resulting from soaring energy prices and yen depreciation, as well as lower demand due to the slowdown in the global economy. Although overall business sentiment had bottomed out, conditions remained uncertain. Meanwhile, as the rise in the US dollar, reflecting the continued trend of yen depreciation, led to foreign exchange valuation gains on foreign-currency-denominated assets, ordinary profit fell 72.8% year on year to ¥762 million, while net income attributable to owners of the parent fell 88.4% to ¥237 million.」
While yen depreciation pushes up energy and operating costs, foreign exchange valuation gains on foreign-currency-denominated assets were also recorded. The two-sided impact of currency movements continues. - FY2023Higher costs from yen depreciation and foreign exchange gains coexistAnnual report
「Non-operating income decreased by ¥8 million, or 0.4%, from the previous consolidated fiscal year to ¥1,932 million.」
While yen depreciation pushes up the cost of imported raw materials and operating costs, foreign exchange gains of ¥1,395 million were recorded in non-operating income, with the two-sided impact of currency movements continuing. - FY2023-Q3Higher costs from yen depreciation and foreign exchange valuation gains coexistAnnual report
「Operating profit fell 63.9% year on year to ¥1,769 million, significantly affected by persistently high fuel and raw material prices and higher costs resulting from yen depreciation. Meanwhile, as yen depreciation from the beginning of the fiscal year led to foreign exchange valuation gains on foreign-currency-denominated assets, ordinary profit fell 46.6% year on year to ¥2,414 million, while net income attributable to owners of the parent fell 64.9% to ¥1,101 million.」
The company continues to describe the two-sided impact of yen depreciation, which pushes up the costs of fuel, raw materials and other items while generating foreign exchange valuation gains on foreign-currency-denominated assets. - FY2023-Q2Higher costs from yen depreciation and foreign exchange gains coexistAnnual report
「During the cumulative period of the second quarter of the current fiscal year, personal consumption and capital investment showed signs of recovery as restrictions on activities introduced to address COVID-19 were gradually eased. However, the domestic economy remained uncertain due to numerous concerns, including geopolitical risks that had continued since the end of the previous fiscal year, rapid yen depreciation and soaring prices. Meanwhile, as the yen's depreciation led to foreign exchange valuation gains on foreign-currency-denominated assets, ordinary profit increased 33.1% year on year to ¥3,887 million.」
While rapid yen depreciation has driven up operating costs, it has also boosted ordinary profit through foreign exchange valuation gains on foreign-currency-denominated assets. - FY2023-Q1Higher costs from yen depreciation and foreign exchange valuation gains coexistAnnual report
「During the cumulative period of the first quarter of the current fiscal year, the domestic economy was affected by persistently high raw material prices, rising costs due to continued yen depreciation, and supply chain disruptions caused by lockdown policies in the Shanghai area, resulting in a downturn in manufacturing conditions. Meanwhile, as the rise in the US dollar, reflecting the continued trend of yen depreciation, led to foreign exchange valuation gains on foreign-currency-denominated assets, ordinary profit increased 57.5% year on year to ¥2,806 million.」
While yen depreciation pushes up raw material and operating costs, it also generates foreign exchange valuation gains on foreign-currency-denominated assets, with its impact on performance appearing on both the higher-cost and valuation-gain sides. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gains － 364 Foreign exchange losses 974 －」
The company swung from foreign exchange losses of ¥974 million in the same quarter of the previous year to foreign exchange gains of ¥364 million in the current quarter. The impact of currency movements on earnings improved year on year. - FY2022-Q1MitigatedAnnual report
「Foreign exchange losses 463 153」
Foreign exchange losses decreased from ¥463 million in the same period of the previous year to ¥153 million. The impact of currency movements on earnings in the current quarter narrowed year on year. - FY2021-Q3WorsenedAnnual report
「Foreign exchange losses 111 974」
Foreign exchange losses increased from ¥111 million in the cumulative period of the same quarter of the previous year to ¥974 million, and the impact of currency movements on earnings has expanded. - FY2021-Q2WorsenedAnnual report
「Foreign exchange losses 250 726」
Foreign exchange losses increased from ¥250 million in the same period of the previous year to ¥726 million, and the impact of currency movements on earnings has expanded. - FY2021-Q1WorsenedAnnual report
「Foreign exchange loss 213 463」
Foreign exchange losses increased from ¥213 million in the same period of the previous year to ¥463 million, and the quarterly earnings impact of currency movements has expanded. - FY2020Foreign exchange loss recorded, while translation differences improvedAnnual report
「Non-operating expenses increased by ¥1,084 million, or 61.8%, to ¥2,839 million due to the impact of exchange rates, financial expenses and other factors.」
On a full-year basis, the company recorded a foreign exchange loss of ¥308 million, while the negative foreign currency translation adjustment narrowed from ¥3,589 million to ¥3,521 million. - FY2020-Q3Negative foreign currency translation adjustment narrowedAnnual report
「Foreign currency translation adjustment △ 663 △ 287」
The negative foreign currency translation adjustment narrowed from ¥663 million in the same period of the previous year to ¥287 million. The impact of exchange rate fluctuations on comprehensive income moved in the direction of improvement. - FY2020-Q2Foreign exchange loss continued, while negative translation differences narrowedAnnual report
「Foreign exchange gain 374 － Foreign exchange loss － 250 Foreign currency translation adjustment △ 1,020 △ 59」
The foreign exchange gain of ¥374 million in the same period of the previous year changed to a foreign exchange loss of ¥250 million in the current period, while the negative foreign currency translation adjustment narrowed from ¥1,020 million to ¥59 million. - FY2020-Q1Conversion to foreign exchange loss, while translation differences improvedAnnual report
「Foreign exchange gain 199 － Foreign exchange loss － 213 Foreign currency translation adjustment △ 1,266 180」
The foreign exchange gain of ¥199 million in the same period of the previous year changed to a foreign exchange loss of ¥213 million in the current period, while the foreign currency translation adjustment improved from a negative ¥1,266 million to ¥180 million. - FY2019-Q3Foreign exchange gain narrowed, while translation differences deterioratedAnnual report
「Foreign exchange gain 249 55 Foreign currency translation adjustment △ 363 △ 663」
The foreign exchange gain narrowed from ¥249 million in the same period of the previous year to ¥55 million, while the negative foreign currency translation adjustment expanded from ¥363 million to ¥663 million. - FY2019-Q2Foreign exchange gain increased, while translation differences deterioratedAnnual report
「Foreign exchange gain 115 374 Foreign currency translation adjustment △ 386 △ 1,020」
In non-operating income and expenses, the foreign exchange gain increased from ¥115 million in the same period of the previous year to ¥374 million, while the negative foreign currency translation adjustment expanded from ¥386 million to ¥1,020 million. - FY2019-Q1Conversion to foreign exchange gain, while translation differences deterioratedAnnual report
「Foreign exchange gain 8 199 Foreign currency translation adjustment △ 450 △ 1,266」
In non-operating income and expenses, the foreign exchange gain increased from ¥8 million in the same period of the previous year to ¥199 million in the current period, while the negative foreign currency translation adjustment expanded from ¥450 million to ¥1,266 million. - FY2018WorsenedAnnual report
「Foreign exchange loss 21 288」
The consolidated foreign exchange loss increased from ¥21 million in the previous fiscal year to ¥288 million in the current fiscal year, expanding the impact of exchange rate fluctuations on profit and loss on a full-year basis. - FY2018-Q2Foreign exchange loss eliminated, while negative translation differences narrowedAnnual report
「Foreign exchange loss 1,276 － Foreign currency translation adjustment △ 636 △ 386」
The foreign exchange loss of ¥1,276 million recorded in the same period of the previous year did not occur in the current period, and the negative foreign currency translation adjustment narrowed from ¥636 million to ¥386 million. - FY2018-Q1Foreign exchange loss eliminated in profit and loss, while translation differences deterioratedAnnual report
「Foreign exchange loss 1,084 － Foreign currency translation adjustment 6 △ 450」
In non-operating income and expenses, the foreign exchange loss of ¥1,084 million recorded in the previous year was eliminated, while the foreign currency translation adjustment changed from a positive ¥6 million in the previous year to a negative ¥450 million, with differing impacts on profit and loss and comprehensive income continuing. - FY2017-Q3Earnings impact improved, but translation differences deterioratedAnnual report
「Foreign exchange gain － 369 Foreign currency translation adjustment △ 483 △ 1,741」
In non-operating income and expenses, the company recorded a foreign exchange gain of ¥369 million instead of the foreign exchange loss recorded in the previous year, while the foreign currency translation adjustment changed from a negative ¥483 million to a negative ¥1,741 million, indicating different movements in the impact of exchange rates on profit and loss and comprehensive income. - FY2017-Q2WorsenedAnnual report
「Foreign exchange loss 235 1,276」
The company recorded a foreign exchange loss of ¥1,276 million, up from ¥235 million in the same quarter of the previous year. The impact of exchange rate fluctuations continues to be reflected in results. - FY2017-Q1MaterialisedAnnual report
「Overseas earnings declined due in part to the stronger yen. Foreign exchange loss － 1,084」
In addition to lower overseas earnings due to the stronger yen, the company recorded a foreign exchange loss of ¥1,084 million in the first quarter, indicating that the impact of exchange rate fluctuations was reflected in results. - FY2016First statedAnnual report
「If these exchange rate fluctuations occur, they may affect sales and costs after conversion into yen and may adversely affect the Group's business results and financial condition.」
Although some of the impact is mitigated through hedging transactions such as forward exchange contracts and interest rate swaps, the company recorded a foreign exchange loss of ¥1,148 million due to the stronger yen in the current fiscal year.