Deterioration in export profitability due to yen appreciation
First written in FY2017-Q1. 1 of 4 entries say "Restated". Latest entry: FY2024.
Keyware Solutions moved to the "Worse" side of this theme in 2024, 6 years after the typical company in this theme (2018).
The whole theme swung hardest in 2025: 14 of 17 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「Further foreign-exchange volatility arising from factors including the Japan-US interest-rate differential」
The wording has been revised from deterioration in export profitability due to yen appreciation to the more general risk description of foreign-exchange volatility arising from factors including the Japan-US interest-rate differential. - FY2017-Q3MitigatedAnnual report
「Corporate earnings have remained at a high level, supported by a recovery in personal consumption, a recovery in exports resulting from the global economic recovery, and the weaker yen.」
In contrast to the deterioration in export profitability caused by yen appreciation, the report cites yen depreciation and a recovery in exports as factors supporting corporate earnings. - FY2017-Q2RestatedAnnual report
「Corporate earnings remained at a high level, but improvement stalled under the impact of the stronger yen and weakening overseas economies.」
The effects of yen appreciation on corporate earnings are cited again as an external factor. - FY2017-Q1First statedAnnual report
「Deterioration in export profitability due to yen appreciation」
Yen appreciation is identified as an external risk that worsens export profitability.