Foreign Exchange Volatility Risk
First written in FY2019. 11 of 23 entries say "Materialised", first in FY2020-Q2. Latest entry: 2026-11-12.
Matsuoka moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 14 of 29 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Cost of sales for the current consolidated fiscal year increased in line with solid growth in orders and due to higher factory costs resulting from the weaker yen, among other factors, rising ¥1,504 million from the previous consolidated fiscal year to ¥65,495 million.」
Higher overseas factory costs resulting from the weaker yen materialised as a factor driving the increase in the cost of sales. Meanwhile, operating profit after adjusting for foreign exchange gains and losses amounted to ¥4,813 million. - FY2026-H1Interim foreign exchange gains and losses updatedAnnual report
「Foreign exchange gains and losses 1,821 1,541 △279 △15.4%」
Foreign exchange gains and losses for the current interim consolidated fiscal period amounted to ¥1,541 million, down from ¥1,821 million in the same period of the previous year. The impact of foreign exchange movements continued to be reflected in the results. - FY2025MaterialisedAnnual report
「In addition to the increase in the cost of sales, the impact of higher factory costs resulting from the weaker yen caused the gross profit margin to decline by 1.5 percentage points, from 10.8% in the previous consolidated fiscal year to 9.3% in the current consolidated fiscal year.」
Higher overseas factory costs resulting from the weaker yen reduced the gross profit margin from 10.8% to 9.3%. Meanwhile, foreign exchange gains arising from operating transactions amounted to ¥3,799 million, with the impact of foreign exchange movements reflected in both operating profit and non-operating income and expenses. - FY2025-H1MaterialisedAnnual report
「During the interim consolidated fiscal period, overseas factory costs increased due to the impact of foreign exchange movements. In addition, foreign exchange losses arose from the retranslation of cash and deposits, loans receivable and borrowings, resulting in lower profit than in the same period of the previous year.」
Sharp foreign exchange movements increased overseas factory costs, and foreign exchange losses also arose from the retranslation of cash and deposits, loans receivable and borrowings. The impact of foreign exchange movements is being reflected in costs and profit. - FY2024Full-year foreign exchange gain recordedAnnual report
「Non-operating income amounted to ¥4,040 million, up ¥615 million from the previous consolidated fiscal year, including ¥3,404 million in foreign exchange gains as the exchange rate moved in favour of the US dollar and against local currencies, an increase of 18.0%.」
The impact of foreign exchange movements materialised as full-year foreign exchange gains of ¥3,404 million, boosting ordinary profit. Meanwhile, foreign exchange risk itself remains ongoing. - FY2024-Q3Foreign exchange gains recorded in Q3Annual report
「Foreign exchange gains 2,003」
Foreign exchange gains of ¥2,003 million were recorded for the cumulative consolidated period through Q3. The impact of foreign exchange movements continued to be reflected in the results. The risk associated with the business and other operations has been quantified and has materialised in the results. - FY2024-Q2Foreign exchange gains recorded in the second quarterAnnual report
「Foreign exchange gains 1,458」
Foreign exchange gains of ¥1,458 million were recorded for the cumulative period through FY2024 Q2. The impact of foreign exchange movements continued to be reflected in the results. - FY2024-Q1Foreign exchange gains recorded in the first quarterAnnual report
「Foreign exchange gains 849」
Foreign exchange gains of ¥849 million were recorded in FY2024 Q1. This was an increase from ¥714 million in the previous year's first quarter, indicating that the impact of foreign exchange movements continued to be reflected in the results. - FY2023Sharp increase in foreign exchange gainsAnnual report
「Non-operating income amounted to ¥3,424 million, an increase of ¥2,419 million from the previous consolidated fiscal year, reflecting ¥2,848 million in foreign exchange gains as the exchange rate moved in favour of the US dollar and against local currencies.」
The impact of foreign exchange movements was reflected in the results, with full-year foreign exchange gains of ¥2,848 million. While foreign exchange gains boosted ordinary profit, higher factory costs resulting from the weaker yen reduced operating profit. - FY2023-Q3MaterialisedAnnual report
「Regarding production conditions, upfront expenses associated with the construction of new factories and rising production costs due to the rapid depreciation of the yen affected profit as factors pushing it down.」
The disclosure states that rising production costs due to the rapid depreciation of the yen actually became a factor pushing down profit, indicating that the business impact of foreign exchange fluctuation risk has materialized. - FY2023-Q2Foreign exchange gains recorded in the second quarterAnnual report
「Foreign exchange gains 1,674」
Foreign exchange gains of ¥1,674 million were recorded for the cumulative second quarter. The impact of foreign exchange fluctuations appeared as a gain, compared with a loss in the previous fiscal year. - FY2023-Q1Foreign exchange gains recorded in the first quarterAnnual report
「Meanwhile, due in part to the recording of foreign exchange gains resulting from transaction terms under which the company does not bear foreign exchange fluctuation risk, ordinary profit amounted to ¥272 million, up 79.1% year on year, due to the recording of foreign exchange gains and other items,」
While rising factory costs due to the rapid depreciation of the yen became a factor pushing down operating profit, foreign exchange gains of ¥714 million were recorded in the first quarter due to transaction terms under which the company does not bear foreign exchange fluctuation risk. - FY2022Full-year foreign exchange gain recordedAnnual report
「Non-operating income included foreign exchange gains of ¥550 million, as the yen continued to weaken,」
The impact of foreign exchange fluctuations shifted from a loss in the previous fiscal year to a gain in the current fiscal year, with foreign exchange gains of ¥550 million recorded for the full fiscal year. - FY2022-Q3Foreign-exchange gains recordedAnnual report
「Foreign exchange gains 278」
Foreign exchange gains of ¥278 million were recorded for the cumulative period of the current third quarter, indicating a change from the foreign exchange losses recorded through the previous period in how the effects of foreign exchange fluctuations materialized. - FY2021-Q3MaterialisedAnnual report
「Foreign exchange losses 133」
Foreign exchange losses of ¥133 million were recorded in non-operating expenses for the cumulative period of the third quarter of the 65th fiscal year, demonstrating the actual impact of foreign exchange fluctuations. - FY2020RestatedAnnual report
「Because some payments are made in US dollars, sudden fluctuations in foreign exchange rates could affect the Group's financial position and operating results.」
Foreign exchange fluctuation risk associated with US dollar payments and translating local currencies into yen, as well as hedging through forward foreign exchange contracts and other instruments, continues to be disclosed. - FY2020-Q2MaterialisedAnnual report
「Foreign exchange losses 156」
Foreign exchange losses of ¥156 million were recorded in the cumulative second-quarter income statement, demonstrating the actual impact of foreign exchange fluctuations. - FY2019First statedAnnual report
「Because some payments are made in US dollars, sudden fluctuations in foreign exchange rates could affect the Group's financial position and operating results.」
Foreign exchange fluctuation risk associated with translating local currencies into yen and making payments in US dollars was disclosed independently for the first time, together with a policy of hedging through forward foreign exchange contracts.