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Asulina (3647) · RiskWorsenedLatest Revision of earnings forecasts (2026-10-13): "Materialised"

Uncertainty over the outlook due to unstable movements in foreign exchange rates and stock prices

First written in FY2016-Q3. 15 of 24 entries say "Restated". Latest entry: 2026-10-13.

24entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016-Q3 – FY2020-Q1RestatedFY2021-Q1 – FY2021RestatedFY2024-Q2 – FY2025-H12016: 120162017: 320172018: 420182019: 120192020: 220202021: 220212022: 320222023: 320232024: 220242025: 120252026: 22026
Same theme, other companies
Fluctuations in financial capital markets and uncertainty over foreign exchange rates and pricesA theme 149 companies write about · 150 as a headwind · 1 as a tailwind

Asulina 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 2020: 40 of 57 companies on the "Worse" side.

5 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 149 companies compared. The sentences above are computed from all 149.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-13MaterialisedRevision of earnings forecasts

    「中東情勢の不安定化等を背景とする原材料・部材価格の上昇などの影響もあり、商品の供給体制及び販売体制の構築に時間を要しました」

    中東情勢の不安定化等に伴う原材料・部材価格の上昇が、商品の供給体制及び販売体制の構築遅延に関連付けて記載された。
  2. FY2026-H1WorsenedAnnual report

    「Meanwhile, the outlook remains difficult to predict due to the prolonged rise in prices, developments in U.S. trade policy, fluctuations in the foreign exchange markets, and geopolitical risks.」

    In addition to the existing uncertainties related to prices, foreign exchange rates and geopolitics, uncertainty in the external environment, including developments in US trade policy, continues.
  3. FY2025-H1RestatedAnnual report

    「Meanwhile, the outlook remained uncertain due to the prolonged Russia-Ukraine situation and developments in the Middle East, surging raw-material and energy prices, rising prices, the effects of global financial and capital markets, and concerns over the Chinese economy.」

    Uncertainty over the outlook related to the Russia-Ukraine situation, the situation in the Middle East, raw-material and energy prices, prices generally, financial and capital markets, and the Chinese economy continues.
  4. FY2024-Q2RestatedAnnual report

    「During the six months ended 29 February 2024, Japan's employment and income conditions improved, although personal consumption showed signs of stagnation. Risks of a downturn in overseas economies, including the effects of global monetary tightening and concerns over the outlook for the Chinese economy, weighed on Japan's economy. The outlook remained uncertain due to the effects of rising prices, developments in Ukraine and the Middle East, and volatility in financial and capital markets.」

    While noting improvements in employment and income conditions, the disclosure continues to cite uncertainty over the outlook due to stagnating personal consumption, a downturn in overseas economies, rising prices, developments in Ukraine and the Middle East, and volatility in financial and capital markets.
  5. FY2024-Q1WorsenedAnnual report

    「During the three months ended 30 November 2023, Japan's economy showed gradual signs of recovery, with employment and income conditions improving amid a global trend of rising costs. However, uncertainty over the economic outlook continued due to overseas factors and volatility in financial and capital markets, including the prolonged Russia-Ukraine situation, developments in the Middle East, the effects of global monetary tightening and concerns over the outlook for the Chinese economy.」

    In addition to the existing uncertainties related to the Russia-Ukraine situation, monetary tightening and foreign exchange rates, the disclosure cites the prolonged situation in the Middle East and concerns over the outlook for the Chinese economy, with uncertainty continuing due to overseas factors and volatility in financial and capital markets.
  6. FY2023-Q3WorsenedAnnual report

    「During the nine months ended 31 May 2023, Japan's economic environment showed gradual signs of recovery, led mainly by private demand, as the classification of COVID-19 under the Infectious Diseases Act was lowered from Category 2-equivalent to Category 5. However, international commodity prices surged due to Russia's invasion of Ukraine, the yen weakened in the foreign exchange market, and Japan experienced cost-push inflation through higher import prices. Against this backdrop, concerns over a slowdown in the global economy persisted due to global monetary tightening in response to rising prices.」

    While noting the easing of restrictions on activity related to infectious diseases, the disclosure identifies surging international commodity prices, the weaker yen, higher import prices and concerns over a global economic slowdown caused by worldwide monetary tightening as new external-environment uncertainties.
  7. FY2023-Q2RestatedAnnual report

    「During the six months ended 28 February 2023, Japan's economy was in a situation where the easing of COVID-19 restrictions and a decline in new cases had allowed economic activity to resume, while surging resource prices stemming from the situation in Ukraine and monetary tightening by various countries raised concerns over a global economic downturn that could weigh on Japan's economy.」

    While noting the easing of restrictions and the resumption of economic activity, the disclosure continues to cite concerns over an economic downturn caused by surging resource prices and monetary tightening by various countries as external-environment uncertainty.
  8. FY2023-Q1MaterialisedAnnual report

    「Regarding income and losses, margins on solar panel sales were lower than initially expected due to the global surge in raw-material prices, inflation and other factors. In addition, litigation-related costs were incurred to pursue liability for substantial losses arising from the correction of prior-period financial results. As a result, the consolidated operating loss was ¥62 million, compared with a loss of ¥1 million in the same period of the previous year, and the consolidated ordinary loss was ¥65 million, compared with a loss of ¥5 million, representing a substantial decline in profit.」

    The disclosure describes the actual impact on results of previously cited external-environment risks, such as surging raw-material prices, in the form of lower margins on solar panel sales. No change in the figures themselves is indicated.
  9. FY2022WorsenedAnnual report

    「During the fiscal year, Japan's economy showed signs of a gradual recovery as restrictions on economic activity resulting from COVID-19 were eased in stages. However, the outlook remained uncertain as the global semiconductor shortage and surging resource prices associated with Russia's invasion of Ukraine coincided with a rapid depreciation of the yen.」

    In addition to the existing uncertainties related to infectious diseases and foreign exchange rates, the disclosure identifies the semiconductor shortage, surging resource prices associated with the Russia-Ukraine situation and the rapid depreciation of the yen as external-environment risks.
  10. FY2022-Q3WorsenedAnnual report

    「While concerns remain over a renewed spread of infections due to the emergence of new variants, the prolonged Russia-Ukraine situation has increased raw-material, energy and logistics costs, while the rapid depreciation of the yen has increased procurement risk. As a result, the outlook for a full-scale economic recovery remains uncertain.」

    In addition to the existing uncertainties related to infectious diseases and foreign exchange rates, the disclosure cites higher raw-material, energy and logistics costs due to the Russia-Ukraine situation and increased procurement risk caused by the rapid depreciation of the yen.
  11. FY2021RestatedAnnual report

    「Although vaccination is progressing, the outlook remains uncertain due to breakthrough infections and the emergence of new variants.」

    While noting progress in vaccinations, the disclosure continues to describe the outlook as uncertain due to breakthrough infections and variants.
  12. FY2021-Q3RestatedAnnual report

    「During the nine months ended 31 May 2021, Japan's economy showed some gradual signs of recovery, partly due to the effects of various government policies. However, COVID-19 continued to spread globally, and the outlook remained extremely uncertain.」

    While noting some recovery in the economy, the disclosure continues to cite the global spread of COVID-19 and an extremely uncertain outlook.
  13. FY2021-Q1RestatedAnnual report

    「During the three months ended 30 November 2020, Japan's economy showed some gradual recovery, partly due to the effects of government economic measures. However, signs of an increase in COVID-19 cases emerged, raising concerns that restrictions on the movement of people and goods could be imposed again, stagnating economic activity and leaving the outlook extremely uncertain.」

    While noting some recovery in the economy, the disclosure continues to describe the outlook as extremely uncertain due to rising infections, restrictions on movement and concerns over stagnation in economic activity.
  14. FY2020-Q3WorsenedAnnual report

    「Amid a persistently challenging operating environment due to the decline in consumer sentiment since October 2019, apparently triggered by the consumption tax increase, persistently high raw-material prices, rising personnel and logistics costs, adverse weather and successive typhoons and other natural disasters, global trade issues and the outlook for the Chinese economy, the global spread of COVID-19 caused rapid changes in social conditions. Restrictions on the movement of people and goods stagnated economic activity, leaving the outlook extremely uncertain.」

    In addition to the previous uncertainties in the international situation and volatility in foreign exchange rates and share prices, the disclosure lists weaker consumer sentiment, rising costs, natural disasters, trade issues and the outlook for the Chinese economy, as well as the stagnation of economic activity due to COVID-19 and an extremely uncertain outlook.
  15. FY2020-Q1RestatedAnnual report

    「During the three months ended ..., Japan's economy followed a gradual recovery trend against a backdrop of improving corporate earnings and employment and income conditions. However, concerns over an economic downturn due to US-China trade tensions and the consumption tax increase, together with volatile movements in foreign exchange rates and share prices arising from tensions and uncertainty in the international situation, meant that uncertainty over the economic outlook continued.」

    While noting the gradual economic recovery, the disclosure continues to cite uncertainty over the outlook due to US-China trade tensions, the consumption tax increase, uncertainty in the international situation, and volatility in foreign exchange rates and share prices.
  16. FY2019-Q3RestatedAnnual report

    「During the nine months ended ..., Japan's economy showed a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, it remained in a situation still marked by uncertainty over the outlook due to volatile movements in foreign exchange rates and share prices arising from tensions and uncertainty in the international situation.」

    While noting the gradual economic recovery, the disclosure continues to cite uncertainty in the international situation, volatility in foreign exchange rates and share prices, and uncertainty over the outlook.
  17. FY2018RestatedAnnual report

    「During the fiscal year, Japan's economy showed a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, it remained in a situation marked by uncertainty over the outlook due to volatile movements in foreign exchange rates and share prices arising from tensions and uncertainty in the international situation.」

    While noting the gradual recovery of the economy, the disclosure continues to cite volatility in foreign exchange rates and share prices, and uncertainty over the outlook, against a backdrop of uncertainty in the international situation.
  18. FY2018-Q3RestatedAnnual report

    「During the nine months ended ..., Japan's economy showed a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, it remained in a situation marked by uncertainty over the outlook due to volatile movements in foreign exchange rates and share prices arising from uncertainty in the international situation.」

    While noting the gradual economic recovery, the disclosure continues to cite volatility in foreign exchange rates and share prices, and uncertainty over the outlook, against a backdrop of uncertainty in the international situation.
  19. FY2018-Q2RestatedAnnual report

    「During the six months ended ..., Japan's economy showed a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, it remained in a situation marked by uncertainty over the outlook due to volatile movements in foreign exchange rates and share prices arising from tensions and uncertainty in the international situation.」

    While noting the gradual economic recovery, the disclosure continues to cite volatility in foreign exchange rates and share prices, and uncertainty over the outlook, against a backdrop of tensions and uncertainty in the international situation.
  20. FY2018-Q1RestatedAnnual report

    「During the three months ended ..., Japan's economy showed a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, it remained in a situation marked by uncertainty over the outlook due to volatile movements in foreign exchange rates and share prices arising from tensions and uncertainty in the international situation.」

    While noting the gradual economic recovery, the disclosure continues to cite volatility in foreign exchange rates and share prices, and uncertainty over the outlook, against a backdrop of instability and uncertainty in the international situation.
  21. FY2017-Q3RestatedAnnual report

    「During the nine months ended ..., Japan's economy showed a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, it remained in a situation marked by uncertainty over the outlook due to volatile movements in foreign exchange rates and share prices arising from uncertainty in the international situation.」

    While noting the gradual economic recovery, the disclosure continues to cite volatility in foreign exchange rates and share prices, and uncertainty over the outlook, against a backdrop of uncertainty in the international situation.
  22. FY2017-Q2RestatedAnnual report

    「During the six months ended ..., Japan's economy showed a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, it remained in a situation marked by uncertainty over the outlook due to volatile movements in foreign exchange rates and share prices arising from uncertainty in the international situation.」

    While noting the gradual economic recovery, the disclosure continues to cite volatility in foreign exchange rates and share prices, and uncertainty over the outlook, against a backdrop of uncertainty in the international situation.
  23. FY2017-Q1RestatedAnnual report

    「During the three months ended ..., Japan's economy showed a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, it remained in a situation marked by uncertainty over the outlook due to volatile movements in foreign exchange rates and share prices arising from overseas political and economic uncertainties, including the UK's withdrawal from the EU, the US presidential election and the stagnation of the Chinese economy.」

    While noting the recovery trend in the economy, the disclosure continues to cite volatility in foreign exchange rates and share prices, and uncertainty over the outlook, against a backdrop of overseas political and economic uncertainty.
  24. FY2016-Q3First statedAnnual report

    「Although the economy showed a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions, it remained in a situation marked by uncertainty over the outlook due to volatile movements in foreign exchange rates and share prices.」

    While noting the recovery trend in the domestic economy, the disclosure identifies volatility in foreign exchange rates and share prices as external-environment uncertainty.
Moved together

"Cash flow outflows associated with expanded investment and increased short-term borrowings" moved the same way as this thread, in the same document, in 6 of its 24 moves.

654432★123456
  1. ★This thread
  2. 1Cash flow outflows associated with expanded investment and increased short-term borrowings6×
  3. 2Return to Profitability from Losses and Improved Performance5×
  4. 3Growing Earnings Contribution from the Environment-Related Business4×
  5. 4Contribution to earnings from cosmetics and health food sales4×
  6. 5Selection and movement into the secondary market in the solar power generation market following the review of the Feed-in Tariff system3×
  7. 6Reorganization from 3 reporting segments to 22×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Asulina's next results are scheduled for 2026-10-13. Read the earnings preview It last moved in the Revision of earnings forecasts of 2026-10-13: "Materialised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Uncertainty over the outlook due to unstable movements in foreign exchange rates and stock prices | ASULINA Co.,Ltd. (3647) | Komori