Negative impact of yen appreciation on export earnings
First written in FY2017-Q1. 8 of 11 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 13 of 16 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Group operates globally, and significant fluctuations in foreign exchange rates could affect sales and costs, potentially having a material impact on the Group's operating results and financial position.」
The risk that foreign exchange fluctuations will affect sales, costs, operating results and other factors continues to be described. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended 31 December 2023 (1 April 2023 to 31 December 2023), Japan's economy gradually recovered as economic activity normalized following the reclassification of COVID-19 as a Class 5 infectious disease. However, the outlook remained uncertain due to fluctuations in foreign exchange rates and sluggish personal consumption resulting from rising prices.」
Fluctuations in foreign exchange rates continue to be cited as a source of uncertainty in the business environment. - FY2023-Q3RestatedAnnual report
「The economy did not achieve a full-fledged recovery due to the impact of soaring resource prices and yen depreciation, as well as shortages of some semiconductors, electronic components and other supplies.」
Higher costs resulting from yen depreciation continue to be cited as a business environment factor following the previous quarter. - FY2023-Q2RestatedAnnual report
「The outlook remained uncertain due to higher costs resulting from soaring raw-material and energy prices and yen depreciation, as well as shortages of semiconductors, electronic components and other supplies.」
Higher costs resulting from yen depreciation continue to be cited as a business environment factor following the previous quarter. - FY2023-Q1WorsenedAnnual report
「Meanwhile, the outlook remained uncertain due to higher costs resulting from soaring raw-material prices and yen depreciation, as well as disruptions to the global supply chain caused by factors including the Shanghai lockdown.」
Regarding the previously identified risk of foreign exchange fluctuations, higher costs resulting from yen depreciation were explicitly identified as a business environment factor during the current quarter. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there were no significant changes to the business and other risks described in the previous fiscal year, including foreign exchange fluctuations. - FY2018ReframedAnnual report
「The Group operates globally, and significant fluctuations in foreign exchange rates could affect sales and costs, potentially having a material impact on the Group's operating results and financial position.」
The description has broadened from the specific impact of yen appreciation on export earnings to the general risk of foreign exchange rate fluctuations. - FY2017RestatedAnnual report
「In the casual-wear business, domestic sales remained solid, but exports were affected by yen appreciation during the first half of the fiscal year, and difficult conditions continued in terms of profitability.」
The company continues to report that yen appreciation during the first half of the fiscal year affected export earnings. - FY2017-Q3RestatedAnnual report
「In the casual-wear business, domestic sales remained solid, but exports were affected by yen appreciation during the first half of the fiscal year, and difficult conditions continued in terms of profitability.」
The impact of yen appreciation during the first half of the fiscal year on export earnings continues to be reported. - FY2017-Q2RestatedAnnual report
「In the casual-wear business, domestic sales remained solid, but exports were affected by yen appreciation, and difficult conditions continued in terms of profitability.」
The impact of yen appreciation on export earnings continues to be reported. - FY2017-Q1First statedAnnual report
「In the casual-wear business, domestic sales remained solid, but exports were affected by yen appreciation, and difficult conditions continued in terms of profitability.」
Yen appreciation emerged as a factor worsening export earnings during the current quarter.