Foreign Exchange Fluctuation Risk Associated with Import Transactions
First written in FY2016. 17 of 26 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-07-31.
Vega corporation moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 43 of 67 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「In terms of profit and loss, although there was a period of rapid yen appreciation following the yen's weakening, the company maintained stable control of its cost ratio through measures including entering into forward foreign exchange contracts.」
The company states that, although a period of rapid yen appreciation followed the yen's weakening, it maintained stable control of the cost ratio through measures including entering into forward foreign exchange contracts. Exchange rate movements did occur, but the company describes its response in terms of their impact on profit and loss. - FY2024MaterialisedAnnual report
「In terms of earnings, the company was affected by a higher cost ratio due to the sharp depreciation of the yen. However, it continued its longstanding initiatives to reduce inventory and delivery costs through inventory optimization and appropriate delivery practices, centered on marketing-cost reductions as part of its profitability improvement efforts, and also worked to reduce labor and fixed costs. As a result, the selling, general and administrative expense ratio improved and profit increased.」
The company states that the sharp weakening of the yen actually affected profit and loss for the fiscal year through a higher cost ratio, while profit increased as a result of cost reductions. - FY2024-Q3RestatedAnnual report
「However, concerns are growing about sharp fluctuations in foreign exchange rates resulting from Japanese and U.S. monetary policy and other factors, as well as deteriorating consumer sentiment due to rising prices, and developments in the domestic and overseas economies need to be monitored continuously.」
The company continues to describe concerns about sharp foreign exchange rate fluctuations and deteriorating consumer sentiment due to rising prices, but this description does not indicate a specific impact on import costs during the quarter. - FY2024-Q2MaterialisedAnnual report
「Although the selling, general and administrative expense ratio improved as a result of this measure, profit declined from the same period of the previous fiscal year due to the impact of the higher cost ratio resulting from the weaker yen since the previous fiscal year.」
The company states that the higher cost ratio resulting from the weaker yen since the previous fiscal year was actually reflected in profit and loss for the cumulative second-quarter period as a factor behind the decline in profit. - FY2024-Q1MaterialisedAnnual report
「In terms of profit and loss, revenue exceeded the same period of the previous fiscal year, driven mainly by strong sales at mall stores. However, despite efforts to improve profit by reducing selling, general and administrative expenses while being affected by the higher cost ratio resulting from the weaker yen since the previous fiscal year, profit declined from the same period of the previous fiscal year.」
The company states that the higher cost ratio resulting from the weaker yen since the previous fiscal year was actually reflected in profit and loss for the first quarter as a factor behind the decline in profit. - FY2023MaterialisedAnnual report
「During the fiscal year, the cost ratio increased due to higher ocean container freight rates and raw material prices, as well as the weaker yen.」
The company states that higher ocean container freight rates and raw material prices, together with the weaker yen, were actually reflected in profit and loss for the fiscal year as a higher cost ratio. - FY2023-Q3RestatedAnnual report
「In terms of profit and loss, although the company was affected by the reaction to the previous fiscal year's demand increase from people staying at home following the issuance of the state of emergency and by the higher cost ratio resulting from the weaker yen, it achieved improved profit due in part to reductions in selling, general and administrative expenses.」
The company states that the higher cost ratio resulting from the weaker yen continued to affect profit and loss. - FY2023-Q1MaterialisedAnnual report
「In terms of profit and loss, revenue and profit declined due to the reaction to the previous fiscal year's demand increase from people staying at home following the issuance of the state of emergency, as well as the impact of higher ocean container freight rates, raw material prices and the weaker yen, which raised the cost ratio.」
Higher ocean container freight rates and raw material prices, together with the weaker yen, were actually reflected in the first quarter's decline in revenue and profit through a higher cost ratio. - FY2022MaterialisedAnnual report
「In terms of profit and loss, the cost ratio increased due to higher ocean container freight rates and raw material prices, as well as the weaker yen.」
The company states that higher ocean freight rates and raw material prices, together with the weaker yen, were actually reflected in profit and loss for the fiscal year as a higher cost ratio. - FY2022-Q3RestatedAnnual report
「The cost ratio increased due to higher ocean container freight rates, rising raw material prices, and the depreciation of the yen, but initiatives to reduce storage and delivery costs through inventory optimization and appropriate delivery practices continued steadily.」
The company has continued to state that the weaker yen, together with higher ocean container freight rates and raw material prices, was reflected in profit and loss as a higher cost ratio. - FY2022-Q2MaterialisedAnnual report
「The cost ratio increased due to higher ocean container freight rates, rising raw material prices, and the depreciation of the yen, but initiatives to reduce storage and delivery costs through inventory optimization and appropriate delivery practices continued steadily.」
The company states that the weaker yen, together with higher ocean container freight rates and raw material prices, was reflected in actual profit and loss as a higher cost ratio. - FY2021MaterialisedAnnual report
「Foreign exchange gains (△ indicates a gain) 983」
Foreign exchange gains or losses of ¥983 thousand were recognized in the statement of cash flows for the fiscal year, and the impact of exchange rate movements associated with import transactions was reflected in the figures. - FY2021-Q3MaterialisedAnnual report
「Foreign exchange losses 541」
Foreign exchange losses of ¥541 thousand were recognized for the cumulative third-quarter period, and the impact of exchange rate movements associated with import transactions was reflected in profit and loss. - FY2021-Q2MaterialisedAnnual report
「Foreign exchange losses 477」
Foreign exchange losses of ¥477 thousand were recognized in the income statement for the cumulative second-quarter period, and the impact of exchange rate movements associated with import transactions was reflected in actual profit and loss. - FY2021-Q1MaterialisedAnnual report
「Foreign exchange losses 807」
Foreign exchange losses of ¥807 thousand were recognized for the cumulative first-quarter period, and the impact of exchange rate movements associated with import transactions was reflected in profit and loss. - FY2020MaterialisedAnnual report
「Foreign exchange gains (△ indicates a gain) 402」
Foreign exchange gains or losses of ¥402 thousand were recognized in the statement of cash flows for the fiscal year, and the impact of exchange rate movements was reflected in the figures. - FY2018MaterialisedAnnual report
「Foreign exchange gains (△ indicates a gain) 2,759」
Foreign exchange gains or losses of ¥2.759 million were recognized in the statement of cash flows for the fiscal year, and the impact of exchange rate movements continued to be reflected in the figures. - FY2017MaterialisedAnnual report
「Foreign exchange gains (△ indicates a gain) 32,272」
Foreign exchange gains or losses of ¥32.272 million were recognized in the statement of cash flows, and the impact of exchange rate movements was reflected in profit and loss and cash flow figures for the period. - FY2017-Q3MaterialisedAnnual report
「Foreign exchange losses 18,280」
Foreign exchange losses of ¥18.280 million were recognized in the income statement for the cumulative third-quarter period, and the impact of exchange rate movements continued to be reflected in profit and loss. - FY2017-Q2MaterialisedAnnual report
「Foreign exchange losses 17,288」
Foreign exchange losses of ¥17.288 million were recognized in the income statement for the cumulative second-quarter period, and the impact of exchange rate movements continued to be reflected in profit and loss. - FY2017-Q1MaterialisedAnnual report
「Foreign exchange losses 18,493」
Foreign exchange losses of ¥18.493 million were recognized in the first quarter. The impact of exchange rate movements was reflected specifically in profit and loss. - FY2016First statedAnnual report
「The furniture and interior furnishings industry continues to face a challenging operating environment due to higher import costs resulting from the weaker yen, rising logistics costs and intensifying sales competition across business formats.」
During the period, higher import costs resulting from the weaker yen actually occurred, and the company also implemented hedging using forward foreign exchange contracts and foreign-currency deposits.