Foreign Exchange Volatility Associated with Global Operations
First written in FY2016. 10 of 17 entries say "Materialised", first in FY2016. Latest entry: FY2026-H1.
Restar moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 29 of 58 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「Deterioration in gross profit due to the impact of exchange-rate fluctuations during the first-quarter consolidated accounting period in the Devices business」
Exchange-rate fluctuations are reflected in the results for the current interim consolidated accounting period as deterioration in gross profit in the Devices business. - FY2024ReframedAnnual report
「Each currency is affected by economic conditions in the country concerned and by the policy interest rates of its central bank, and significant exchange-rate fluctuations or higher interest rates may affect the performance of our group.」
The company has incorporated borrowing and the burden of higher interest rates into the existing exchange-rate risk, organising them as risks arising from volatility across the financial markets. - FY2024-Q2Lower gross profit on inventory sales due to the slower depreciation of the yenAnnual report
「Operating income declined owing to factors including differences in exchange-rate trends in the Devices business, the recognition of inventory write-downs and an allowance for doubtful accounts relating to customers, the disappearance of special demand recorded in the same period of the prior year, and lower revenue in the EMS business.」
Regarding exchange-rate fluctuations, the decline in gross profit on inventory sales resulting from the slower depreciation of the yen is cited as a factor behind the decline in operating income. - FY2024-Q1MaterialisedAnnual report
「Operating income declined owing to factors including differences in exchange-rate trends in the Devices business, the recognition of inventory write-downs and an allowance for doubtful accounts relating to customers, the disappearance of special demand recorded in the same period of the prior year, and lower revenue in the EMS business.」
Differences in exchange-rate trends, together with inventory write-downs and the recognition of an allowance for doubtful accounts, are reflected in the results as factors behind the decline in operating income in the Devices business. - FY2023MaterialisedAnnual report
「Although interest expenses of ¥1,795 million associated with higher interest rates and a ¥1,129 million foreign exchange loss resulting from the stronger-yen phase in the latter half of the period were recorded, ordinary income increased.」
The stronger-yen phase in the latter half of the period is reflected in the results as a ¥1,129 million foreign exchange loss. - FY2023-Q3MaterialisedAnnual report
「Although a foreign exchange loss of ¥1,366 million was recorded, ordinary income increased.」
Sharp exchange-rate fluctuations were actually recorded as a ¥1,366 million foreign exchange loss for the cumulative third-quarter period. - FY2023-Q2Profit boost from the weaker yenAnnual report
「At the profit level, operating income and ordinary income increased, owing to higher gross profit resulting from increased revenue and the positive effect of the weaker yen.」
While the rapid depreciation of the yen is recognised as a risk in the external environment, the cumulative quarter states that the weaker yen contributed to higher gross profit. - FY2023-Q1MaterialisedAnnual report
「Foreign exchange loss 313」
Sharp exchange-rate fluctuations were actually recorded as a ¥313 million foreign exchange loss in non-operating expenses for the first quarter. - FY2020-Q2MaterialisedAnnual report
「Meanwhile, segment profit declined slightly, owing in part to the impact of the yen's strengthening trend that began in the cumulative second-quarter period.」
The yen's strengthening trend is explicitly cited as a factor behind the decline in segment profit in the procurement business. - FY2020-Q1MaterialisedAnnual report
「Although the shift toward a stronger yen and weaker dollar that began in the cumulative first-quarter period has affected earnings,」
After noting an improvement in foreign exchange gains in the prior year, the company states that the shift toward a stronger yen and weaker dollar affected earnings in the current quarter. - FY2019MitigatedAnnual report
「Although integration-related expenses were incurred during the consolidated fiscal year, ordinary income increased 3.0% year on year to ¥2,192 million, owing to improved foreign exchange gains and losses and the absence of the prior year's special factor, namely expenses related to correcting prior-period financial statements.」
Foreign exchange gains and losses improved from a foreign exchange loss in the prior year to a foreign exchange gain in the current year, contributing to the increase in ordinary income. - FY2018RestatedAnnual report
「Although we hedge these risks through forward exchange contracts and other means, there is no guarantee that all risks can be covered, and significant exchange-rate fluctuations may affect the performance of our group.」
The risks of exchange-rate fluctuations associated with the global business and the limitations of hedging through forward exchange contracts and other means are reiterated. - FY2017RestatedAnnual report
「In the semiconductor and electronic components business, although sales to overseas smartphone manufacturers and other customers remained strong in the second half, revenue declined due to the impact of the yen's appreciation, which continued from the first half through early November, as well as lost sales opportunities for certain products following the Kumamoto Earthquake in April.」
The appreciation of the yen remained a factor behind the lower full-year revenue of the semiconductor and electronic components business. - FY2017-Q3RestatedAnnual report
「Net sales declined due to the appreciation of the yen and the Kumamoto earthquake, while profit declined substantially due to the sharp appreciation of the yen in the first half.」
The lower revenue and profit for the cumulative third-quarter period is attributed in part to the continuing impact of the sharp appreciation of the yen in the first half. - FY2017-Q2MaterialisedAnnual report
「Net sales declined due to the appreciation of the yen and the Kumamoto earthquake. Profit declined substantially due to the sharp appreciation of the yen.」
The sharp appreciation of the yen actually affected both net sales and profit as factors behind their declines during the six months ended the second quarter. - FY2017-Q1MaterialisedAnnual report
「Net sales declined due to the appreciation of the yen and the Kumamoto earthquake, while profit declined substantially due to the sharp appreciation of the yen.」
The decline in profit caused by the sharp appreciation of the yen actually occurred again in the quarter. - FY2016MaterialisedAnnual report
「Due to the increase in foreign exchange losses accompanying the sharp appreciation of the yen in the fourth quarter, ordinary profit was ¥5,448 million, down 12.6% year on year,」
Although the Company implemented hedging through forward foreign exchange contracts and other measures, foreign exchange losses of ¥840 million arose during the fiscal year due to the sharp appreciation of the yen, resulting in lower ordinary profit.