Foreign Exchange Risk on Foreign-Currency-Denominated Trade Payables
First written in FY2016. 4 of 10 entries say "Restated". Latest entry: FY2026-H1.
World moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 43 of 67 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「During the interim period, the Group continued to pursue measures such as securing gross profit by changing transaction terms and accepting external orders after carefully examining profitability on a project-by-project basis. It is gradually seeing results from increasing resilience to exchange rate fluctuations and cross-selling multiple services to customers.」
The Group has continued to revise transaction terms and manage profitability on a project-by-project basis, and explains that results are gradually emerging from efforts to increase resilience to exchange rate fluctuations. - FY2025MitigatedAnnual report
「The Group and its domestic subsidiaries use forward exchange contracts for trade payables arising from transactions in US dollars, so the impact of fluctuations in the US dollar exchange rate is limited.」
The Group has entered into forward exchange contracts for US dollar-denominated trade payables and explains that the impact of exchange rate fluctuations is limited. - FY2023MaterialisedAnnual report
「In terms of profit, although product delivery delays associated with China's lockdowns and higher purchase prices due to rising global energy prices and the yen's rapid depreciation had an impact, the Group rebuilt its supply chain strategy, including a return to domestic production for its middle-to-upper-market businesses, reviewed prices, materials and specifications to set optimal retail prices in line with the value-price balance, and focused on full-price sales through both stores and e-commerce channels.」
Although higher purchase prices due to the yen's depreciation and other factors actually affected full-year profit, the Group responded by returning production to Japan, reviewing prices and materials, and focusing on full-price sales. - FY2023-Q2MaterialisedAnnual report
「Purchase prices rose due to rising global energy prices and the yen's rapid depreciation, but」
Higher purchase prices due to rising energy prices and the yen's rapid depreciation had an actual impact on profit during the quarter. - FY2023-Q1RestatedAnnual report
「Although changes in the external environment that drive up purchase prices, such as rising global energy prices and the yen's rapid depreciation, could affect future results, purchase prices remained within expectations during the cumulative first quarter.」
The risk of higher purchase prices due to rising energy prices and the yen's rapid depreciation continues to be recognized, but purchase prices remained within expectations during the quarter. - FY2019RestatedAnnual report
「The foreign-exchange risk of our Group arises mainly from foreign-currency-denominated trade payables, and as a rule we seek to reduce this risk by entering into foreign-exchange forward contracts.」
While recognizing the foreign exchange risk associated with purchase prices and the translation of overseas subsidiaries, the policy of mitigating risk through forward exchange contracts on foreign-currency-denominated trade payables remains in place. - FY2019-Q2WorsenedAnnual report
「Many of the Group's products are manufactured overseas, while most are sold in Japan, so the purchase prices of the Group's products are affected by fluctuations in foreign exchange rates. In addition, the results and financial position of overseas subsidiaries, as well as foreign-currency-denominated transactions, assets and liabilities, are translated into yen when preparing the Group's consolidated financial statements. Consequently, the Group's consolidated results and financial position are affected by fluctuations in foreign exchange rates.」
The scope has been expanded beyond conventional foreign-currency-denominated trade payables to include the translation effects on the results and financial position of overseas subsidiaries and foreign-currency-denominated assets and liabilities. - FY2018RestatedAnnual report
「The foreign-exchange risk of our Group arises mainly from foreign-currency-denominated trade payables, and as a rule we seek to reduce this risk by entering into foreign-exchange forward contracts.」
The policy of mitigating the risk associated with foreign-currency-denominated trade payables through forward exchange contracts remains in place. - FY2017RestatedAnnual report
「The foreign-exchange risk of our Group arises mainly from foreign-currency-denominated trade payables, and as a rule we seek to reduce this risk by entering into foreign-exchange forward contracts.」
The policy of mitigating the risk associated with foreign-currency-denominated trade payables through forward exchange contracts remains in place. - FY2016First statedAnnual report
「The foreign-exchange risk of our Group arises mainly from foreign-currency-denominated trade payables, and as a rule we seek to reduce this risk by entering into foreign-exchange forward contracts.」
Discloses U.S.-dollar-denominated trade payables and the outstanding balance of foreign-exchange forward contracts.