Foreign-exchange volatility and derivative valuation risk associated with import purchases
First written in FY2016. 21 of 35 entries say "Mitigated", first in FY2017-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 8 of 19 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Ordinary income was ¥2,078 million, up 27.7% from the previous consolidated fiscal year, mainly due to the recording of a derivative valuation gain arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions,」
The fair-value measurement of forward exchange contracts changed from a valuation loss in the previous year to a valuation gain of ¥163.688 million in the current year, reducing the negative impact of foreign exchange valuation on ordinary income. - FY2026-H1MitigatedAnnual report
「Derivative valuation gain: ¥206.765 million」
The fair-value measurement of forward exchange contracts resulted in a valuation gain of ¥206.765 million, up from the valuation gain of ¥117.437 million in the same period of the previous year, and no negative impact from a valuation loss arose. - FY2025MaterialisedAnnual report
「Derivative valuation loss: ¥112.319 million」
For forward exchange contracts hedging foreign exchange movements on import transactions, a valuation loss of ¥112.319 million was recorded in the current year. - FY2025-H1MitigatedAnnual report
「Derivative valuation gain: ¥117.437 million」
The valuation of forward exchange contracts changed from a derivative valuation loss of ¥454.271 million in the same period of the previous year to a valuation gain of ¥117.437 million in the current interim consolidated accounting period, reducing the negative impact of foreign exchange valuation. - FY2024MaterialisedAnnual report
「Derivative valuation loss: ¥366.543 million」
For forward exchange contracts hedging foreign exchange movements on import transactions, a valuation loss of ¥366.543 million was recorded in the current year, up from ¥223.904 million in the previous year. - FY2024-Q3MitigatedAnnual report
「Ordinary income was ¥2,179 million, up 4.5% year on year, mainly because the derivative valuation loss arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions declined from the same quarter of the previous year,」
The derivative valuation loss was ¥434.633 million, down from ¥600.682 million in the same period of the previous year. Although a valuation loss was still recorded, the negative impact of the forward exchange contract valuation on ordinary income was reduced. - FY2024-Q2MitigatedAnnual report
「Ordinary income was ¥1,776 million, up 30.6% year on year, mainly because the derivative valuation loss arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions declined from the same quarter of the previous year,」
The valuation loss on forward exchange contracts was still ¥454 million, but declined from ¥571 million in the same quarter of the previous year, reducing the negative impact on ordinary income. - FY2024-Q1MaterialisedAnnual report
「Derivative valuation loss: ¥445.078 million」
For forward exchange contracts hedging foreign exchange risk on import transactions, a valuation loss of ¥445.078 million was recorded for the cumulative period through the first quarter. - FY2023-Q3MaterialisedAnnual report
「Derivative valuation loss: ¥600.682 million」
For forward exchange contracts hedging foreign exchange movements on import transactions, a valuation loss of ¥600.682 million was recorded for the cumulative period through the third quarter. - FY2023-Q2MaterialisedAnnual report
「Ordinary income was ¥1,360 million, up 4.3% year on year, mainly because a derivative valuation loss arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions was recorded,」
A derivative valuation loss of ¥571.178 million was recorded on forward exchange contracts, meaning that a valuation loss on transactions hedging foreign exchange movements actually arose in the current quarter. - FY2023-Q1MitigatedAnnual report
「Ordinary income was ¥1,031 million, up 98.0% year on year, mainly because the derivative valuation gain arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions increased as the yen weakened,」
The fair-value measurement of forward exchange contracts resulted in a valuation gain, which increased as the yen weakened. A derivative valuation gain of ¥179.801 million was recorded in the quarterly consolidated income statement. - FY2022MitigatedAnnual report
「Ordinary income was ¥3,016 million, up 34.3% from the previous consolidated fiscal year, mainly because the derivative valuation gain arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions increased from the previous year.」
The fair-value measurement of forward exchange contracts resulted in a valuation gain, and a derivative valuation gain of ¥623 million was recorded. The improvement from the valuation loss in the previous year continued, reducing the negative impact from foreign exchange valuation. - FY2022-Q3MitigatedAnnual report
「Derivative valuation gain: ¥153.806 million」
The derivative valuation of forward exchange contracts resulted in a valuation gain of ¥153.806 million, up from ¥9.807 million in the cumulative period through the same quarter of the previous year. - FY2022-Q2MitigatedAnnual report
「Ordinary income was ¥1,303 million, up 30.1% year on year, mainly because the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions improved from a derivative valuation loss in the same quarter of the previous year to a derivative valuation gain in the cumulative period through the second quarter,」
The fair-value measurement of forward exchange contracts improved from a derivative valuation loss in the same period of the previous year to a valuation gain for the cumulative period through the current quarter, reducing the negative impact on ordinary income. - FY2022-Q1MitigatedAnnual report
「Ordinary income increased, mainly because the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions improved from a derivative valuation loss in the same quarter of the previous year to a derivative valuation gain in the cumulative period through the first quarter,」
The fair-value measurement of forward exchange contracts improved from a valuation loss in the same period of the previous year to a valuation gain in the current quarter, reducing the negative impact of foreign exchange movements on ordinary income. - FY2021MaterialisedAnnual report
「Ordinary income was ¥2,245 million, down 1.5% from the previous consolidated fiscal year, mainly because derivative valuation gains arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions and gains on sales of securities had been recorded in the previous consolidated fiscal year.」
A derivative valuation loss of ¥63.193 million was recorded in the current year, and the change from a valuation gain in the previous year to a valuation loss became a factor behind the decline in ordinary income. - FY2021-Q3MitigatedAnnual report
「Ordinary income was ¥1,523 million, down 16.1% year on year, mainly because derivative valuation gains arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions declined from the same quarter of the previous year, and gains on sales of securities of ¥153 million had been recorded in the same quarter of the previous year,」
The fair-value measurement of forward exchange contracts resulted in a valuation gain. Although it was smaller than in the previous period, it was recorded as a positive factor rather than a valuation loss. - FY2021-Q2MaterialisedAnnual report
「Derivative valuation loss: ¥127.316 million」
For forward exchange contracts hedging foreign exchange risk on import transactions, a valuation loss of ¥127.316 million was recorded for the cumulative period through the second quarter. - FY2021-Q1MaterialisedAnnual report
「Ordinary income was ¥362 million, down 46.1% year on year, mainly because gains on sales of securities of ¥137 million had been recorded in the previous consolidated fiscal year,」
A derivative valuation loss of ¥71.125 million was recorded on forward exchange contracts, meaning that a valuation loss on transactions hedging foreign exchange movements actually arose in the current quarter. - FY2020MitigatedAnnual report
「Ordinary income was ¥2,279 million, down 16.9% from the previous consolidated fiscal year, due in part to contributions from derivative valuation gains arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions and gains on sales of securities.」
The fair-value measurement of forward exchange contracts resulted in a valuation gain, mitigating the negative impact recorded in the previous year from a derivative valuation loss. - FY2020-Q3MitigatedAnnual report
「Ordinary income increased substantially from the same quarter of the previous year, mainly because derivative valuation gains arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions and gains on sales of securities increased,」
The fair-value measurement of forward exchange contracts resulted in a valuation gain, which the company said increased substantially from the same quarter of the previous year. - FY2020-Q2MitigatedAnnual report
「Derivative valuation gain: ¥30.852 million」
The valuation of forward exchange contracts changed from a ¥13.044 million valuation loss in the same period of the previous year to a ¥30.852 million valuation gain for the cumulative period through the current quarter, reducing the negative impact on results from the valuation loss. - FY2020-Q1MitigatedAnnual report
「Derivative valuation gain: ¥30.900 million」
For forward exchange contracts hedging foreign exchange movements on import transactions, a valuation gain of ¥30.900 million was recorded for the cumulative period through the first quarter, and no negative impact from a valuation loss arose. - FY2019MaterialisedAnnual report
「Derivative valuation loss: ¥61.642 million」
For forward exchange contracts hedging foreign exchange movements on import transactions, a valuation loss of approximately ¥61.64 million was recorded during the current year. - FY2019-Q3MitigatedAnnual report
「Ordinary income was ¥2,002 million, up 7.8% year on year, mainly because the derivative valuation loss arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions declined substantially from the same quarter of the previous year,」
The derivative valuation loss on forward exchange contracts declined substantially from the same quarter of the previous year, reducing the negative impact on ordinary income. However, a valuation loss was still recorded. - FY2019-Q2MaterialisedAnnual report
「Derivative valuation loss: ¥13.044 million」
For forward exchange contracts hedging foreign exchange movements on import transactions, a valuation loss of ¥13.044 million was recorded for the cumulative period through the current quarter. - FY2018MaterialisedAnnual report
「Ordinary income was ¥3,163 million, down 18.3% year on year, mainly because the derivative gain arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions declined substantially from the previous consolidated fiscal year,」
The valuation gain of ¥655 million in the previous year turned into a ¥1 million valuation loss in the current year, making the fair-value measurement of forward exchange contracts a factor behind the decline in ordinary income. - FY2018-Q3MaterialisedAnnual report
「Ordinary income was ¥1,856 million, down 32.7% year on year, mainly because a ¥336 million derivative valuation loss arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions was recorded as a non-operating expense,」
The valuation gain recorded in the same quarter of the previous year turned into a ¥336 million valuation loss in the current quarter, with the fair-value measurement risk on forward exchange contracts materialising as an actual loss. - FY2018-Q2Sharp Reduction in Derivatives Valuation GainsAnnual report
「Ordinary income was ¥1,774 million, down 31.5% year on year, mainly because the derivative gain arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions declined substantially from the same quarter of the previous year,」
The valuation gain on forward exchange contracts fell substantially from ¥1,055 million in the same quarter of the previous year to ¥60 million, becoming a factor behind the decline in ordinary income. - FY2018-Q1MitigatedAnnual report
「Ordinary income was ¥668 million, up 106.4% year on year, mainly because the derivative gain or loss arising from the fair-value measurement of forward exchange contracts entered into to hedge foreign exchange risk on import transactions changed from a valuation loss in the same quarter of the previous year to a valuation gain in the current quarter,」
The fair-value measurement of forward exchange contracts changed from a valuation loss in the same quarter of the previous year to a valuation gain in the current quarter, reducing the negative impact on results. - FY2017MitigatedAnnual report
「Ordinary income increased ¥2,867 million from the previous consolidated fiscal year to ¥3,871 million, mainly because a derivative valuation loss of ¥1,866 million recorded as a non-operating expense in the previous consolidated fiscal year turned into a derivative valuation gain of ¥655 million recorded as non-operating income in the current consolidated fiscal year.」
The valuation loss recorded in the previous year turned into a ¥655 million valuation gain in the current year, reducing the negative impact on results from the fair-value measurement of forward exchange contracts. However, the foreign exchange risk itself continues to be disclosed. - FY2017-Q3MitigatedAnnual report
「Ordinary income was ¥2,759 million, up 405.0% year on year, mainly because we recorded a derivative valuation gain of ¥707 million on forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions as non-operating income.」
The fair value valuation of forward exchange contracts resulted in a valuation gain of ¥707 million, indicating a positive rather than negative impact on performance from foreign exchange movements on a cumulative basis for the quarter. - FY2017-Q2MitigatedAnnual report
「Ordinary income was ¥2,591 million, up 185.9% year on year, mainly because we recorded a derivative valuation gain of ¥1,055 million on forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions as non-operating income」
The derivative valuation loss in the previous year's corresponding quarter turned into a valuation gain of ¥1,055 million in the current quarter, and no negative impact on performance from the fair value valuation of forward exchange contracts was observed. - FY2017-Q1MitigatedAnnual report
「Ordinary income was ¥323 million, up 121.7% year on year, mainly because derivative valuation losses on forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions decreased from the previous year's corresponding quarter」
Derivative valuation losses declined from ¥378 million in the previous year's corresponding quarter to ¥165 million, but a valuation loss still occurred during the quarter. - FY2016MaterialisedAnnual report
「Due to the rapid appreciation of the yen from the beginning of 2016, we recorded a derivative valuation loss of ¥1,866 million on forward exchange contracts entered into to hedge foreign exchange risk associated with import transactions, as a non-operating expense」
Although we hedge through forward exchange contracts, valuation losses resulting from the yen's appreciation actually occurred and reduced ordinary income.