Foreign exchange risk associated with overseas sales
First written in FY2016. 11 of 23 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
J-Max moved to the "Worse" side of this theme in 2016, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 29 of 62 companies on the "Worse" side.
2 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「Overseas subsidiaries accounted for 62.6% of the group's consolidated sales in the fiscal year under review. Foreign exchange fluctuations exceeding expectations could affect the group's financial position, operating results and cash flows.」
The overseas subsidiaries' share of sales rose from 60.5% in the previous fiscal year to 62.6%, increasing the numerical measure of foreign exchange exposure. - FY2024SoftenedAnnual report
「Overseas subsidiaries accounted for 60.5% of the group's consolidated sales in the fiscal year under review. Foreign exchange fluctuations exceeding expectations could affect the group's financial position, operating results and cash flows.」
The overseas subsidiaries' share of sales declined from 70.7% in the previous fiscal year to 60.5%, reducing the numerical measure of foreign exchange exposure. In Thailand, meanwhile, the weaker yen contributed to higher yen-denominated sales. - FY2024-Q3MaterialisedAnnual report
「Although the group pursued cost-reduction initiatives, including improved logistics efficiency and workforce optimization, profit decreased due to the impact of changes in the production mix, among other factors. / In Thailand, sales increased despite the impact of lower production of general-purpose engine components and other products, due to higher sales of automotive parts and dies and other equipment for the domestic market, as well as foreign exchange effects resulting from the weaker yen, among other factors.」
The foreign exchange effect of the weaker yen actually contributed to the increase in Thailand's yen-denominated sales. - FY2023-Q3MaterialisedAnnual report
「However, the outlook remains uncertain, with the prolonged situation in Ukraine, the slowdown in overseas economies due to inflation, and the rapid weakening of the yen posing downside risks to the domestic economy, among other factors. / At Wuhan, sales decreased in local-currency terms due to production stoppages by major customers resulting from the Shanghai lockdown and other factors, but increased in yen-denominated terms due to foreign exchange fluctuations caused by the weaker yen.」
The rapid weakening of the yen is cited as a downside risk to the domestic economy, and in Wuhan it actually contributed to an increase in yen-denominated sales despite the decline in local-currency sales. - FY2023-Q2MaterialisedAnnual report
「At Guangzhou, sales decreased in local-currency terms due to production stoppages by major customers resulting from the Shanghai lockdown and lower sales of dies and other equipment, but increased in yen-denominated terms due to foreign exchange fluctuations caused by the weaker yen. / At Wuhan, sales decreased in local-currency terms due to production stoppages by major customers resulting from the Shanghai lockdown and other factors, but remained at the same level as in the same quarter of the previous year in yen-denominated terms due to foreign exchange fluctuations caused by the weaker yen.」
The weaker yen drove an increase in Guangzhou's yen-denominated sales, while at Wuhan it offset the decline in local-currency sales, leaving yen-denominated sales at the same level. - FY2023-Q1Increase in overseas-site sales due to the weaker yenAnnual report
「At Guangzhou, sales increased due to the impact of higher production by major customers, higher product selling prices resulting from surging raw material prices, and the effects of foreign exchange fluctuations caused by the weaker yen, among other factors. / At Wuhan, sales increased due to the impact of higher production by major customers, higher product selling prices resulting from surging raw material prices, and the effects of foreign exchange fluctuations caused by the weaker yen, among other factors.」
The weaker yen is cited as a factor behind the increase in yen-denominated sales at Guangzhou and Wuhan. - FY2022RaisedAnnual report
「Overseas sales accounted for 70.7% of the group's consolidated revenue during the consolidated fiscal year. Exchange-rate movements beyond expectations may affect the group's financial position, operating results and cash flows.」
The overseas sales ratio rose from approximately 65% in the previous fiscal year to 70.7%, indicating greater foreign exchange exposure. At the Chinese sites, yen-denominated sales increased due to the weaker yen. - FY2021-Q3RestatedAnnual report
「Overseas sales account for a substantial approximately 65% of the group's consolidated revenue, and exchange-rate movements may affect its financial position, operating results and cash flows.」
The disclosure continues to state that overseas sales account for approximately 65% of revenue and that exchange-rate movements pose a risk. In Guangzhou and Wuhan, the stronger yen created a difference between revenue on a local-currency basis and in yen terms. - FY2021-Q2RestatedAnnual report
「Overseas sales account for a substantial approximately 65% of the group's consolidated revenue, and exchange-rate movements may affect its financial position, operating results and cash flows.」
The disclosure continues to state that overseas sales account for approximately 65% of revenue and that exchange-rate movements pose a risk. - FY2021-Q1Overseas sales ratio continues to declineAnnual report
「Overseas sales account for a substantial approximately 65% of the group's consolidated revenue, and exchange-rate movements may affect its financial position, operating results and cash flows.」
The disclosure states that overseas sales accounted for approximately 65% of revenue, down from 66.7% at the end of the previous fiscal year, while exchange-rate risk remained substantial. - FY2020Overseas sales ratio declines, but the stronger yen continues to have an impactAnnual report
「Overseas sales accounted for 66.7% of the group's consolidated revenue during the consolidated fiscal year. Exchange-rate movements beyond expectations may affect the group's financial position, operating results and cash flows.」
The overseas sales ratio declined from the previous approximately 70% to 66.7%, while the stronger yen reduced Wuhan's revenue in yen terms. The disclosure also describes measures to mitigate the exchange-rate impact through increased local procurement. - FY2020-Q3MaterialisedAnnual report
「In Wuhan, revenue increased on a local-currency basis but declined in yen terms due to the impact of the stronger yen.」
The disclosure states that the stronger yen actually affected Wuhan's revenue in yen terms. - FY2020-Q2MaterialisedAnnual report
「Overseas sales account for a substantial approximately 70% of the group's consolidated revenue, and exchange-rate movements may affect its financial position, operating results and cash flows. / In Guangzhou, revenue declined as production of automotive parts in the parts business decreased and the stronger yen had an impact. / In Wuhan, revenue was almost unchanged from the same period of the previous year on a local-currency basis, but declined in yen terms due to the impact of the stronger yen.」
The disclosure reiterates the group's approximately 70% overseas sales exposure and states that the stronger yen actually affected revenue in yen terms in Guangzhou and Wuhan. - FY2020-Q1MaterialisedAnnual report
「Overseas sales account for a substantial approximately 70% of the group's consolidated revenue, and exchange-rate movements may affect its financial position, operating results and cash flows. / In addition, revenue and profit both decreased slightly in yen terms due to the impact of the stronger yen.」
The disclosure reiterates that overseas sales account for approximately 70% of revenue and states that the stronger yen actually affected Wuhan's revenue and profit in yen terms. - FY2019-Q3MaterialisedAnnual report
「Revenue increased due to the impact of the weaker yen.」
The disclosure states that the weaker yen actually affected Thailand's revenue in yen terms. - FY2019-Q2RestatedAnnual report
「Overseas sales account for a substantial approximately 70% of the group's consolidated revenue, and exchange-rate movements may affect its financial position, operating results and cash flows.」
The disclosure continues to state that overseas sales account for approximately 70% of revenue and that exchange-rate movements may have an impact. - FY2018-Q3Lower foreign exchange gains affect profitAnnual report
「As a result of the steady implementation of the Marujun Structural Reform Plan, manufacturing costs declined, but profit decreased slightly due to lower non-operating income, including foreign exchange gains.」
In the Marujun segment, manufacturing costs declined, but non-operating income, including foreign exchange gains, decreased, resulting in ordinary profit of ¥940 million, down 2.5% year on year. - FY2018-Q1MaterialisedAnnual report
「Overseas sales account for a substantial approximately 70% of the group's consolidated revenue, and exchange-rate movements may affect its financial position, operating results and cash flows. In addition, revenue and profit increased slightly in yen terms due to the impact of the stronger yen.」
The disclosure states that overseas sales account for approximately 70% of revenue and that the stronger yen actually affected Guangzhou's revenue and profit in yen terms. - FY2017MaterialisedAnnual report
「In Thailand, revenue increased on a local-currency basis due to expanded sales of dedicated equipment in the engineering business and other factors, but declined slightly in yen terms due to the impact of the stronger yen.」
Overseas sales accounted for 72.1% of revenue, and the stronger yen actually affected revenue from Thailand and Guangzhou in yen terms. - FY2017-Q3Foreign exchange impact reverses from a loss to a gainAnnual report
「Profit increased due to lower manufacturing costs resulting from the steady implementation of the Marujun Structural Reform Plan and higher non-operating income, including foreign exchange gains.」
In the Marujun segment, higher non-operating income, including foreign exchange gains, contributed to the increase in profit. The consolidated income statement for the nine months ended the third quarter also recorded a ¥127 million foreign exchange gain, reversing the direction of the impact from the foreign exchange loss recorded in the same quarter of the previous year. - FY2017-Q2MaterialisedAnnual report
「Although revenue increased on a local-currency basis, the impact of the stronger yen left revenue in yen terms at almost the same level as in the same period of the previous year.」
The stronger yen actually affected revenue from the Thailand business in yen terms. In addition, a ¥459 million foreign exchange loss was recorded, affecting ordinary loss through higher non-operating expenses. - FY2017-Q1MaterialisedAnnual report
「Ordinary profit remained below the level of the same quarter of the previous year due to increases in non-operating expenses, including foreign exchange losses.」
The Marujun segment recorded a ¥214 million foreign exchange loss, which had an actual impact on ordinary profit. - FY2016First statedAnnual report
「Overseas sales accounted for 75.9% of the group's consolidated revenue during the consolidated fiscal year. Accordingly, exchange-rate movements may affect the group's financial position, operating results and cash flows.」
The disclosure quantifies the substantial proportion of overseas sales.