Foreign-exchange risk related to foreign-currency purchases and overseas subsidiaries
First written in FY2016. 5 of 13 entries say "Restated". Latest entry: FY2026-H1.
The Seima Holdings moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 13 of 23 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2026-H1DroppedAnnual report
「Sahakit Wisarn Company was a consolidated subsidiary in the previous fiscal year, but was excluded from the scope of consolidation following the transfer of its shares. As a result, the following risk was eliminated. (4) Fluctuations in exchange rates」
The company explicitly stated that the foreign exchange rate fluctuation risk disclosed in the previous fiscal year had been eliminated following the exclusion of Sahakit Wisarn Company from consolidation. - FY2025-H1MaterialisedAnnual report
「Domestic sales of automotive floor mats increased, with shipment volumes exceeding the previous year's level as sales of newly adopted vehicle models remained strong, but the weaker yen put pressure on margins.」
The impact of the weaker yen materialized as pressure on margins in the mat business. - FY2024MaterialisedAnnual report
「The industrial materials business monitored overseas transaction and logistics costs affected by the weaker yen and negotiated sales and purchases in line with customer needs while working to accurately assess demand.」
The business continues to face the need to address overseas transaction and logistics costs resulting from the weaker yen, and the industrial materials business reported lower revenue and earnings. - FY2024-Q3MaterialisedAnnual report
「Jute products remain in an inventory adjustment phase because customers purchased more than demand required to secure inventory during the COVID-19 pandemic. In addition to the continued depreciation of the yen, it has been difficult to determine the extent of increases in logistics costs, and specific transactions could not be advanced. As a result, revenue and earnings declined substantially.」
The continued depreciation of the yen, together with higher overseas transaction and logistics costs, resulted in stalled specific transactions and lower revenue and earnings in the industrial materials business. - FY2024-Q2MaterialisedAnnual report
「In the industrial materials business, our Group monitored overseas transaction costs affected by the weaker yen and negotiated sales and purchases in line with customer needs while working to accurately assess demand. Jute products remained affected by inventory adjustments, as many customers had purchased more than demand required in the previous fiscal year to secure inventory amid disruptions to maritime logistics caused by lockdowns and other effects of the COVID-19 pandemic. As a result, inventory adjustments were made in the current fiscal year, sales failed to grow, and the weaker yen also contributed to lower revenue and earnings.」
Higher overseas transaction costs resulting from the weaker yen materialized as lower revenue and earnings in the industrial materials business, and the company described its response through sales and purchasing negotiations. - FY2024-Q1RestatedAnnual report
「Economic conditions remain uncertain amid persistently high energy-related prices and soaring raw material prices resulting from the situation in Ukraine and other factors, as well as foreign exchange fluctuations in the foreign exchange market.」
Foreign exchange fluctuations in the foreign exchange market were reaffirmed as an uncertainty factor in the external environment. - FY2023-Q2RestatedAnnual report
「During the six-month consolidated cumulative period, signs of movement toward the normalization of social and economic activity emerged as measures against COVID-19 and restrictions on activities were eased. However, uncertainty persisted due to higher crude oil and raw material prices resulting from the situation in Ukraine and the rapid depreciation of the yen.」
The rapid depreciation of the yen continued to be identified as an uncertainty factor in the external environment. - FY2023-Q1MaterialisedAnnual report
「The outlook remains uncertain due to persistently high crude oil and raw material prices resulting from the prolonged Russia-Ukraine situation, as well as the rapid depreciation of the yen.」
The rapid depreciation of the yen materialized as an external factor, and higher costs resulting from the weaker yen were reported in the industrial materials business. - FY2021RestatedAnnual report
「To avoid foreign exchange fluctuation risk on foreign-currency transactions, we enter into forward foreign exchange contracts, primarily blanket contracts.」
The company continued its policy of disclosing foreign exchange fluctuation risk associated with foreign-currency transactions and hedging with forward foreign exchange contracts. - FY2019RestatedAnnual report
「To avoid foreign exchange fluctuation risk on foreign-currency transactions, we enter into forward foreign exchange contracts, primarily blanket contracts.」
The company continued its policy of disclosing foreign exchange fluctuation risk associated with foreign-currency transactions and hedging with forward foreign exchange contracts. - FY2018RestatedAnnual report
「To avoid foreign exchange fluctuation risk on foreign-currency transactions, we enter into forward foreign exchange contracts, primarily blanket contracts.」
The company continued to disclose foreign exchange fluctuation risk associated with foreign-currency purchases and other transactions, together with its hedging policy using forward foreign exchange contracts. - FY2017MitigatedAnnual report
「To avoid foreign exchange fluctuation risk on foreign-currency transactions, we enter into forward foreign exchange contracts, primarily blanket contracts.」
While continuing to disclose foreign exchange fluctuation risk itself, the company specified a hedging policy using forward foreign exchange contracts within the scope of its foreign-currency transactions. - FY2016First statedAnnual report
「A weaker yen against the US dollar and euro, resulting from our Group's foreign-currency purchases, adversely affects our Group's business, while a stronger yen benefits the Group. Higher costs may reduce profitability and price competitiveness, and fluctuations in exchange rates may have a material impact on the Group's operating performance.」
The company described the effects of foreign exchange fluctuations on costs, competitiveness and operating performance in connection with foreign-currency purchases and the translation of overseas subsidiaries into yen.