Foreign Exchange Risk Associated with Overseas Sourcing
First written in FY2017. 11 of 28 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-09-14.
Misawa & moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 43 of 67 companies on the "Worse" side.
20 other companies' latest entry also says "Materialised".
- FY2026RestatedAnnual report
「To address the risk of exchange-rate fluctuations, we respond through our product strategy and product-development cycle by developing products in a wide range of categories and in small lots, periodically releasing products for which procurement and selling prices have been determined at the product-development stage by factoring in expected future exchange-rate movements, and changing our product mix. However, if exchange rates fluctuate rapidly and substantially beyond our expectations, this could affect our business performance.」
海外生産・輸入に伴う為替変動リスクと、多品種小ロット、価格設定、商品構成変更による対応策を継続記載している。 - 2026-03-17MitigatedRevision of earnings forecasts
「Operating profit, ordinary profit and interim net income exceeded forecasts because the stronger-than-expected yen improved the gross profit margin and selling, general and administrative expenses, including payment processing fees and advertising expenses, decreased.」
The company states that the yen's appreciation beyond expectations contributed to an improvement in the gross profit margin, indicating that foreign-exchange effects continued to improve earnings after the foreign-exchange gain reported in FY2026-H1. - FY2026-H1MitigatedAnnual report
「Foreign exchange gain － 6,525」
Foreign exchange loss of ¥9.553 million in the same period of the previous year turned into a foreign exchange gain of ¥6.525 million in the current interim accounting period, representing an improvement in the profit-and-loss impact of overseas procurement and overseas subsidiaries. - FY2025RestatedAnnual report
「To address the risk of exchange-rate fluctuations, we respond through our product strategy and product-development cycle by developing products in a wide range of categories and in small lots, periodically releasing products for which procurement and selling prices have been determined at the product-development stage by factoring in expected future exchange-rate movements, and changing our product mix. However, if exchange rates fluctuate rapidly and substantially beyond our expectations, this could affect our business performance.」
The company continues to describe the exchange-rate risk associated with overseas production and imports, and the measures taken through a broad product range in small lots, pricing, and changes to the product mix. - FY2025-H1WorsenedAnnual report
「Foreign exchange loss 9,282 9,553」
Foreign exchange loss increased from ¥9.282 million in the same period of the previous year to ¥9.553 million, and the foreign exchange impact from overseas procurement and overseas subsidiaries expanded year on year. - FY2025-Q1WorsenedAnnual report
「Foreign exchange loss 5,087 7,688」
Foreign exchange loss increased from ¥5.087 million in the same period of the previous year to ¥7.688 million, and the foreign exchange impact from overseas procurement and overseas subsidiaries expanded year on year. - FY2024RestatedAnnual report
「We manufacture and import most of our core furniture products from overseas contract manufacturers. To address the risk of exchange-rate fluctuations, we respond through our product strategy and product-development cycle by developing products in a wide range of categories and in small lots, periodically releasing products for which procurement and selling prices have been determined at the product-development stage by factoring in expected future exchange-rate movements, and changing our product mix. However, if exchange rates fluctuate rapidly and substantially beyond our expectations, this could affect our business performance.」
海外生産・輸入に伴う為替変動リスクと、多品種小ロット、価格設定、商品構成変更による対応策を継続記載している。 - FY2024-Q1RestatedAnnual report
「In terms of profit and loss, the increase in the cost ratio caused by soaring raw material prices and the depreciation of the yen resulted in a deterioration in the gross profit margin.」
The increase in the cost ratio caused by the depreciation of the yen and soaring raw material prices continues to affect actual profit and loss through the deterioration in the gross profit margin. - FY2023MaterialisedAnnual report
「In terms of profit and loss, we passed on higher costs to the prices of some products in response to the increase in the cost ratio caused by soaring raw material prices and the depreciation of the yen, but this resulted in a deterioration in the gross profit margin.」
The risks associated with foreign exchange and raw material prices in overseas procurement are reflected in actual profit and loss through the increase in the cost ratio and deterioration in the gross profit margin caused by the depreciation of the yen and soaring raw material prices. - FY2023-Q3WorsenedAnnual report
「In terms of profit and loss, we passed on higher costs to the prices of some products in response to the increase in the cost ratio caused by soaring raw material prices and the depreciation of the yen, but this resulted in a deterioration in the gross profit margin.」
The increase in the cost ratio caused by the depreciation of the yen affected actual profit and loss, and although prices were raised to pass on higher costs, the gross profit margin deteriorated. The foreign exchange loss was ¥41.344 million. - FY2023-Q2WorsenedAnnual report
「Foreign exchange loss 5,481 23,289」
Foreign exchange loss for the cumulative second quarter increased from ¥5.481 million in the same period of the previous year to ¥23.289 million, and the foreign exchange impact from overseas procurement and overseas subsidiaries, against the backdrop of the rapid depreciation of the yen and other factors, deteriorated. - FY2023-Q1WorsenedAnnual report
「Foreign exchange loss 6,504 13,495」
Foreign exchange loss in the first quarter increased from ¥6.504 million in the same period of the previous year to ¥13.495 million, and the foreign exchange impact from overseas procurement and overseas subsidiaries expanded against the backdrop of the rapid depreciation of the yen and other factors. - FY2022-Q2Foreign exchange loss for the cumulative second quarter disclosedAnnual report
「Foreign exchange loss 5,481」
A foreign exchange loss of ¥5.481 million was recorded for the cumulative second quarter. - FY2021-Q2WorsenedAnnual report
「Foreign exchange loss 4,081 8,372」
Foreign exchange loss for the cumulative second quarter increased from ¥4.081 million in the same period of the previous year to ¥8.372 million, indicating a year-on-year deterioration in the foreign exchange impact from overseas procurement and overseas subsidiaries. - FY2020MitigatedAnnual report
「為替差益 10,004 千円」
Foreign exchange loss in the previous year turned into a foreign exchange gain of ¥10.004 million in the current period, and no adverse impact on profit or loss from exchange-rate movements occurred in the current period. - FY2020-Q3RestatedAnnual report
「為替差損 41,833 8,136」
為替差損は前年同期の41,833千円から8,136千円へ減少しており、海外調達・海外子会社に伴う為替影響は前年同期比で小さい状態が続いている。 - FY2020-Q2MitigatedAnnual report
「さらに、前述の増収要因に加えて、期中の円高の影響による仕入コストの低減により、前年比で売上高、営業利益、経常利益及び四半期純利益が増加しました。」
円高による仕入コスト低減が増益要因となった。また、為替差損は前年同期の37,389千円から4,081千円へ減少している。 - FY2020-Q1MitigatedAnnual report
「為替差損 56,467 7,576」
為替差損は前年同四半期の56,467千円から7,576千円へ減少し、当第１四半期の経常利益への圧迫要因は前年同期より小さくなった。 - FY2019WorsenedAnnual report
「当社グループは、主要商品である家具の多くを海外の製造委託先で生産し輸入しております。為替相場の変動リスクに対して、当社グループでは、多品種小ロットでの商品開発や、商品開発の段階において将来の為替相場の変動を見込み仕入価格や販売価格を決定した商品を適宜リリースし、商品構成の入れ替えを行うなど商品政策や商品開発のサイクルにて対応を図っておりますが、当社グループの想定を超え為替相場が急激かつ大幅に変動した場合、当社グループの業績に影響を及ぼす可能性があります。」
海外生産・輸入に伴う為替変動リスクと対応策を継続記載しており、当期の為替差損は28,975千円と前年の12,125千円から増加した。 - FY2019-Q3WorsenedAnnual report
「為替差損 25,639 41,833」
第３四半期累計の為替差損は前年同期の25,639千円から41,833千円へ増加しており、海外調達・海外子会社に伴う為替影響が拡大している。 - FY2019-Q2WorsenedAnnual report
「為替差損 24,517 37,389」
為替差損は前年同期の24,517千円から37,389千円へ増加した。一方、会社は期中の急激な円高が増益要因になったとも説明しており、為替変動の影響がプラス・マイナスの両面で現れている。 - FY2019-Q1WorsenedAnnual report
「しかしながら、海外子会社において生じた為替差損や当社における税負担の増加により、四半期純利益が前年比で減少しました。」
海外子会社で生じた為替差損が四半期純利益の前年比減少要因として記載されている。 - FY2018RestatedAnnual report
「為替相場の変動リスクに対して、当社グループでは、多品種小ロットでの商品開発や、商品開発の段階において将来の為替相場の変動を見込み仕入価格や販売価格を決定した商品を適宜リリースし、商品構成の入れ替えを行うなど商品政策や商品開発のサイクルにて対応を図っておりますが、当社グループの想定を超え為替相場が急激かつ大幅に変動した場合、当社グループの業績に影響を及ぼす可能性があります。」
海外生産・輸入に伴う為替変動リスクと、多品種小ロット、価格設定、商品構成変更による対応策を継続記載している。 - FY2018-Q3MitigatedAnnual report
「Despite this, ordinary profit and net income attributable to owners of the parent for the quarter both increased year on year, owing to lower foreign exchange losses and the receipt of insurance proceeds related to a fire at an overseas subsidiary in the previous fiscal year.」
為替差損が前年度の78,306千円から25,639千円へ減少し、経常利益を圧迫する影響が縮小した。 - FY2018-Q1MaterialisedAnnual report
「また、海外子会社で発生した為替差損が経常利益を圧迫した形となりました。」
海外子会社で為替差損が発生し、経常利益を圧迫した。四半期連結損益計算書では為替差損21,023千円を計上している。 - FY2017First statedAnnual report
「当社グループは、主要商品である家具の多くを海外の製造委託先で生産し輸入しております。為替相場の変動リスクに対して、当社グループでは、多品種小ロットでの商品開発や、商品開発の段階において将来の為替相場の変動を見込み仕入価格や販売価格を決定した商品を適宜リリースし、商品構成の入れ替えを行うなど商品政策や商品開発のサイクルにて対応を図っておりますが、当社グループの想定を超え為替相場が急激かつ大幅に変動した場合、当社グループの業績に影響を及ぼす可能性があります。」
海外製造・輸入に伴う為替リスクと、商品政策による対応を記載している。年度中には為替差損34,756千円も計上されている。