Risk of fluctuations in exchange rates, interest rates, and the value of securities and pension assets
First written in FY2016. 18 of 23 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Toray Industries moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 15 of 19 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「At the end of the consolidated fiscal year, both assets and liabilities were affected by increases in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation.」
Foreign-exchange risk was reflected in the year-end financial position as an increase in the yen-equivalent amounts of the assets and liabilities of overseas subsidiaries due to the yen’s depreciation. Translation differences for foreign operations amounted to ¥89.130 billion. - FY2026-H1MaterialisedAnnual report
「At the end of the six-month consolidated period, both assets and liabilities were affected by increases in the yen-equivalent amounts of overseas subsidiaries due to foreign-exchange fluctuations.」
While a decrease in translated amounts due to the yen’s appreciation was reported in the previous six-month period, the increase in the yen-equivalent amounts of overseas subsidiaries due to foreign-exchange fluctuations was reflected in the financial position at the end of the current six-month consolidated period. - FY2025MaterialisedAnnual report
「Translation differences for foreign operations 133,237 △26,502」
The increase in translation differences due to the yen’s depreciation in the previous fiscal year changed to a ¥26,502 million decrease in translation differences for foreign operations due to the yen’s appreciation in the current fiscal year. - FY2025-H1Decrease in translated amounts due to the yen’s appreciationAnnual report
「At the end of the six-month consolidated period, both assets and liabilities were affected by decreases in the yen-equivalent amounts of overseas subsidiaries due to the yen’s appreciation.」
While increases in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation had been reported through the previous fiscal year, the decrease in translated amounts due to the yen’s appreciation was reflected in the financial position at the end of the six-month consolidated period. - FY2024MaterialisedAnnual report
「At the end of the consolidated fiscal year, both assets and liabilities were affected by increases in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation.」
The increase in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation contributed to higher assets and liabilities at year-end. Translation differences for foreign operations amounted to ¥133.237 billion. - FY2024-Q3MaterialisedAnnual report
「At the end of the consolidated third quarter, both assets and liabilities were affected by increases in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation.」
Foreign-exchange risk was reflected in the financial position at the end of the third quarter as an increase in the yen-equivalent amounts of the assets and liabilities of overseas subsidiaries due to the yen’s depreciation. - FY2024-Q2MaterialisedAnnual report
「At the end of the consolidated second quarter, both assets and liabilities were affected by increases in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation.」
Foreign-exchange risk was reflected in the financial position at the end of the second quarter as an increase in the yen-equivalent amounts of the assets and liabilities of overseas subsidiaries due to the yen’s depreciation. - FY2024-Q1MaterialisedAnnual report
「At the end of the consolidated first quarter, both assets and liabilities were affected by increases in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation.」
Foreign-exchange risk was reflected in the financial position at the end of the first quarter as an increase in the yen-equivalent amounts of the assets and liabilities of overseas subsidiaries due to the yen’s depreciation. - FY2023MaterialisedAnnual report
「At the end of the consolidated fiscal year, both assets and liabilities were affected by increases in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation.」
Foreign-exchange risk was reflected in the year-end financial position as an increase in the yen-equivalent amounts of the assets and liabilities of overseas subsidiaries due to the yen’s depreciation. - FY2023-Q3MaterialisedAnnual report
「At the end of the consolidated third quarter, both assets and liabilities were affected by increases in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation.」
The increase in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation continued to be reflected in actual results as a factor increasing assets and liabilities and causing changes in the financial position. - FY2023-Q2MaterialisedAnnual report
「At the end of the consolidated second quarter, both assets and liabilities were affected by increases in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation.」
The increase in the yen-equivalent amounts of overseas subsidiaries due to the yen’s depreciation was reflected in higher assets and liabilities and an increase in other components of equity. Translation differences for foreign operations amounted to ¥117.553 billion. - FY2023-Q1Increase in translation differences due to foreign-exchange fluctuationsAnnual report
「Translation differences for foreign operations 5,569 89,697」
Translation differences for foreign operations due to foreign-exchange fluctuations increased from ¥5.569 billion in the same period of the previous year to ¥89.697 billion, contributing to increases in other comprehensive income and equity attributable to owners of the parent. - FY2020MaterialisedAnnual report
「Total equity decreased by ¥34.4 billion from the end of the previous consolidated fiscal year to ¥1.1796 trillion, mainly due to changes in the foreign currency translation adjustment account. Of this amount, equity attributable to owners of the parent was ¥1.0937 trillion.」
Foreign-exchange risk is reflected in the financial position as a ¥34.4 billion decrease in total equity through changes in the foreign currency translation adjustment account. - FY2020-Q3MaterialisedAnnual report
「Foreign currency translation adjustment account △ 1,954 △ 18,557」
The foreign currency translation adjustment account changed from negative ¥1.954 billion in the same period of the previous year to negative ¥18.557 billion in the current period, with foreign-exchange fluctuations appearing in actual results as a factor reducing comprehensive income. - FY2020-Q2MaterialisedAnnual report
「Total equity decreased by ¥14.4 billion from the end of the previous consolidated fiscal year to ¥1.1995 trillion, mainly due to changes in the foreign currency translation adjustment account. Of this amount, equity attributable to owners of the parent was ¥1.1167 trillion.」
The foreign currency translation adjustment account changed from ¥896 million at the end of the previous consolidated fiscal year to negative ¥44,809 million, appearing in the actual financial position as a factor reducing total equity. - FY2020-Q1MaterialisedAnnual report
「Total equity decreased by ¥22.3 billion from the end of the previous consolidated fiscal year to ¥1.1916 trillion, mainly due to changes in the foreign currency translation adjustment account. Of this amount, equity attributable to owners of the parent was ¥1.1095 trillion.」
Changes in the foreign currency translation adjustment account are reflected in the actual financial position as a factor reducing total equity. - FY2019RestatedAnnual report
「The Group has taken measures to mitigate risks on foreign-currency transactions, including through foreign-exchange contracts. However, exchange-rate fluctuations beyond expectations may affect the Group’s operating results and financial position.」
The company continues to describe mitigation measures such as foreign-exchange contracts, together with risks from fluctuations in foreign-exchange rates, interest rates and financial markets. - FY2018RestatedAnnual report
「The Group has taken measures to mitigate risks on foreign-currency transactions, including through foreign-exchange contracts. However, exchange-rate fluctuations beyond expectations may affect the Group’s operating results and financial position.」
The company continues to describe foreign-exchange, interest-rate and financial-market fluctuation risks, as well as fluctuations in the value of securities and pension assets, and mitigation measures such as foreign-exchange contracts. - FY2017MaterialisedAnnual report
「The yen remained stronger against major currencies, including the US dollar, than in the previous year, resulting in effects including lower yen-denominated sales and profits at overseas subsidiaries.」
While the decline in yen-denominated sales and profits at overseas subsidiaries due to the yen’s appreciation is reflected in annual results, measures to mitigate the risk, such as foreign-exchange contracts, are also described. - FY2017-Q3MaterialisedAnnual report
「The yen remained stronger against major currencies, including the US dollar, than in the cumulative consolidated period of the previous year, resulting in effects including lower yen-denominated sales and profits at overseas subsidiaries.」
The yen remained stronger than in the same period of the previous year, and the resulting foreign-exchange impact is reflected in lower yen-denominated sales and profits at overseas subsidiaries. - FY2017-Q2MaterialisedAnnual report
「The yen remained substantially stronger against major currencies, including the US dollar, than in the same quarter of the previous year, resulting in effects including lower yen-denominated sales and profits at overseas subsidiaries.」
The yen’s substantial appreciation reduced the yen-denominated sales and profits of overseas subsidiaries, and foreign-exchange risk is described as having an actual impact on results. - FY2017-Q1MaterialisedAnnual report
「The water treatment business was affected by the economic slowdown overseas and the yen’s appreciation in exports from Japan of products such as reverse osmosis membranes.」
The impact of foreign-exchange and overseas economic fluctuations on exports from Japan by the water treatment business is explicitly described. - FY2016First statedAnnual report
「Unexpected sharp changes in interest-rate levels and other disruptions in financial markets, as well as fluctuations in the value of securities or pension assets held by the Group, may affect the Group’s operating results and financial position.」
The company identifies the translation of overseas operations into yen, interest-rate fluctuations, financial-market disruptions, and fluctuations in the value of securities and pension assets.