Foreign Exchange Risk Associated with Import Purchases
First written in FY2017. 15 of 36 entries say "Restated". Latest entry: FY2027-H1.
Asahi moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 42 of 66 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Foreign exchange gains 37,814 － Foreign exchange losses － 65,604」
Foreign exchange gains of ¥37,814 thousand in the same period of the previous year changed to foreign exchange losses of ¥65,604 thousand in the interim accounting period, reflecting a deterioration in the impact of exchange-rate movements on imported purchases. - FY2026-H1MitigatedAnnual report
「Foreign exchange gains ― 37,814 Foreign exchange losses 12,587 ―」
Foreign exchange losses of ¥12.587 million in the same period of the previous year changed to foreign exchange gains of ¥37.814 million in the current interim accounting period, improving the impact of foreign exchange movements on profit and loss. - FY2025WorsenedAnnual report
「Non-operating expenses were ¥187.995 million, an increase of ¥86.542 million, or 85.3%, from the same period of the previous year. This was mainly due to an increase in foreign exchange losses and other items.」
Non-operating expenses increased 85.3% year on year, mainly due to higher foreign-exchange losses and other factors, indicating that foreign-exchange movements related to imports affected performance. - FY2025-H1WorsenedAnnual report
「Foreign exchange gains 535 — Foreign exchange losses — 12,587」
Foreign exchange gains of ¥535 thousand in the same period of the previous year turned into foreign exchange losses of ¥12,587 thousand in the current interim accounting period, indicating a worsening impact from exchange-rate movements associated with imported purchases. - FY2025-Q1WorsenedAnnual report
「Foreign exchange gains 8,580 — Foreign exchange losses — 55,159」
Foreign exchange gains of ¥8,580 thousand in the same period of the previous year turned into foreign exchange losses of ¥55,159 thousand in the cumulative first-quarter period, indicating a worsening impact from exchange-rate movements. - FY2024WorsenedAnnual report
「The import purchasing ratio for the current fiscal year was 45.3%.」
The import purchasing ratio rose from 42.8% in the previous fiscal year to 45.3%, increasing exposure to imports and exchange-rate fluctuations. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no new developments or material changes in the foreign exchange risk associated with imported purchases. - FY2024-Q2MitigatedAnnual report
「Foreign exchange gain — 535」
No foreign exchange loss arose during the cumulative second-quarter period, and a foreign exchange gain of ¥1 million was recorded. Foreign exchange-related gains and losses improved from a foreign exchange loss of ¥84 million in the same period of the previous year. - FY2023WorsenedAnnual report
「The Company imports products from overseas manufacturers, primarily in China, and imported purchases accounted for 42.8% of total purchases in the fiscal year. Regarding imports, the Company negotiates purchase price revisions with overseas suppliers while also negotiating sales price revisions with domestic customers. However, larger-than-expected exchange rate fluctuations or inappropriate timing of forward exchange contracts could affect the Company's financial position and operating results.」
The ratio of imported purchases rose from 37.9% in the previous fiscal year to 42.8%, increasing exposure to imports and foreign-exchange fluctuations. - FY2023-Q3WorsenedAnnual report
「In the bicycle industry, purchase prices rose substantially due to higher resource and ocean freight costs and the rapid weakening of the yen. Manufacturers raised selling prices, while supply chain disruptions caused by lockdowns in China extended lead times, resulting in unstable conditions.」
The sharp depreciation of the yen was explicitly identified as a factor behind higher procurement prices, and foreign exchange losses increased from ¥13,656 thousand in the same period of the previous year to ¥93,986 thousand. - FY2023-Q1WorsenedAnnual report
「Meanwhile, conditions remained uncertain because of exchange-rate fluctuations resulting from Russia’s invasion of Ukraine and the shift in monetary policy in the United States, as well as rising prices for fuel, raw materials and other goods.」
The filing describes foreign-exchange movements against the backdrop of Russia's invasion of Ukraine and a shift in U.S. monetary policy. Foreign-exchange losses for the first quarter increased to ¥41.989 million from ¥3.899 million in the same period of the previous year. - FY2022SoftenedAnnual report
「Imported purchases accounted for 37.9% of total purchases during the fiscal year. Regarding imports, the company negotiates purchase price revisions with overseas suppliers while also negotiating selling price revisions with domestic customers. However, its financial condition and operating performance may be affected if exchange-rate fluctuations are greater than expected or the timing of foreign exchange forward transactions is inappropriate. To mitigate foreign exchange risk, the company has established guidelines for operating foreign exchange forwards and enters into such transactions at appropriate times.」
The import purchasing ratio declined from 40.3% in the previous fiscal year to 37.9%. The policy of responding through the foreign exchange contract operating guidelines and negotiations to revise prices remains in place. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2021SoftenedAnnual report
「The company imports products from overseas manufacturers, primarily in China, and imported purchases accounted for 40.3% of the company's total purchases in the current fiscal year.」
The ratio of imported purchases declined from 40.7% in the previous fiscal year to 40.3%. The Company continues its policy of responding through forward exchange contracts and price revision negotiations. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no newly arising business or other risks. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2020SoftenedAnnual report
「The Company imports products from overseas manufacturers, primarily in China, and imported purchases accounted for 40.7% of total purchases in the fiscal year. To mitigate foreign exchange risk, the Company enters into forward exchange contracts at appropriate times.」
The import purchasing ratio declined from 43.1% in the previous fiscal year to 40.7%. The policy of responding through foreign exchange contracts and negotiations to revise purchasing and selling prices remains in place. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2019RestatedAnnual report
「The company imports products from overseas manufacturers, primarily in China, and imports accounted for 43.1% of its total purchases during the fiscal year. To mitigate foreign exchange risk, the company enters into foreign exchange forward contracts at appropriate times. In connection with imports, the company negotiates purchase-price revisions with overseas suppliers as well as selling-price revisions with domestic customers. However, if exchange-rate fluctuations are significantly greater than expected or the timing of foreign exchange forward contracts is inappropriate, the company’s financial condition and operating results may be affected.」
Against a backdrop of imported purchases accounting for 43.1%, the company lists foreign-exchange contracts and negotiations to revise procurement and selling prices as countermeasures, and identifies exchange-rate movements exceeding forecasts and other factors as risks. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2019-Q1WorsenedAnnual report
「Foreign exchange losses 5,319 20,350」
Foreign exchange losses, recorded as a non-operating expense, increased from ¥5.319 million in the same period of the previous year to ¥20.350 million. - FY2018SoftenedAnnual report
「We import products from overseas manufacturers, mainly in China, and our import purchasing ratio for the current fiscal year was 42.9%. To mitigate the risk of exchange-rate fluctuations, we enter into forward foreign exchange contracts at appropriate times.」
The ratio of imported purchases declined from 46.3% in the previous fiscal year to 42.9%. The Company continues to disclose the potential impact of inappropriate foreign exchange hedging or price revision negotiations. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no newly arising business or other risks. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the foreign exchange risk associated with imported purchases. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter. There were also no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of foreign-exchange fluctuations associated with imported purchases. - FY2017First statedAnnual report
「The Company imports products from overseas manufacturers, primarily in China, and imports accounted for 46.3% of its total purchases during the fiscal year. To mitigate foreign exchange risk, the Company enters into forward exchange contracts at appropriate times.」
Against a backdrop of a 46.3% import purchasing ratio, exchange-rate fluctuations are identified as a risk, with forward foreign exchange contracts cited as a countermeasure.