Changes in Exchange Rates
First written in FY2016. 10 of 28 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Oji Holdings moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
51 other companies' latest entry also says "Other".
- FY2026Higher foreign exchange gains from yen depreciationAnnual report
「Ordinary profit was ¥40.5 billion, down ¥28.0 billion (40.9%) from the previous fiscal year, despite an increase in foreign exchange gains arising from the revaluation of foreign-currency-denominated receivables and payables, due to lower operating profit and higher interest expense resulting from rising interest rates, among other factors.」
While foreign exchange gains from the revaluation of foreign-currency-denominated receivables and payables increased, lower operating profit and higher interest expense weighed on ordinary profit. - 2026-05-13WorsenedRevision of earnings forecasts
「Ordinary income is expected to exceed the current fiscal year as higher operating income offsets the expected deterioration in financial income and expenses due to higher interest rates and the expected decline in foreign exchange gains.」
The expected decline in foreign exchange gains is a factor expected to reduce ordinary income for the fiscal year ending March 2027. - FY2026-H1Lower translated revenue due to yen appreciation and foreign exchange lossesAnnual report
「Revenue for the current interim consolidated accounting period was ¥915.0 billion, down ¥7.9 billion (0.9%) from the previous interim period, despite the acquisition and consolidation of Walki and other factors, due to deteriorating pulp market conditions overseas and the decrease in the yen-denominated value of overseas subsidiaries caused by yen appreciation. Ordinary profit was ¥8.8 billion, down ¥30.6 billion (77.7%) from the previous interim period, due to lower operating profit and the recognition of foreign exchange losses arising from the revaluation of foreign-currency-denominated receivables and payables, among other factors.」
Yen appreciation reduced revenue through the translation of overseas subsidiaries into yen, and foreign exchange losses also arose from the revaluation of foreign-currency-denominated receivables and payables. - FY2025-H1Higher translated revenue from yen depreciation alongside lower foreign exchange gainsAnnual report
「Revenue was ¥922.9 billion, up ¥75.8 billion (8.9%) from the previous interim period, reflecting the consolidation of Walki as a subsidiary, progress in restoring Pan Pac in New Zealand, where operations had been suspended due to the cyclone, and the increase in the yen-denominated value of overseas subsidiaries due to yen depreciation. Ordinary profit was ¥39.4 billion, down ¥11.4 billion (22.5%) from the previous interim period, due mainly to a decrease in foreign exchange gains arising from the revaluation of foreign-currency-denominated receivables and payables.」
Yen depreciation boosted revenue through the translation of overseas subsidiaries into yen, while lower foreign exchange gains reduced ordinary profit. - FY2024-Q2Continued decline in ordinary profit due to lower foreign exchange gainsAnnual report
「Ordinary profit was ¥50.8 billion, down ¥9.4 billion (15.6%) from the same quarter of the previous year, due to a decrease in foreign exchange gains and other items arising from the revaluation of foreign-currency-denominated receivables and payables.」
The decline in foreign exchange gains and other items arising from the revaluation of foreign-currency-denominated receivables and payables continued, and ordinary profit fell 15.6% from the same quarter of the previous year. - FY2024-Q1Decline in ordinary profit due to lower foreign exchange gainsAnnual report
「Ordinary profit was ¥28.9 billion, down ¥4.0 billion (12.3%) from the same quarter of the previous year, due to a decrease in foreign exchange gains and other items arising from the revaluation of foreign-currency-denominated receivables and payables.」
Foreign exchange gains and other items arising from the revaluation of foreign-currency-denominated receivables and payables decreased, and ordinary profit fell 12.3% year on year. - FY2023Decrease in Foreign-Exchange GainsAnnual report
「Ordinary profit was ¥95.0 billion, down ¥40.1 billion (29.7%) from the previous fiscal year, partly because foreign exchange gains from the revaluation of foreign-currency-denominated receivables and payables decreased.」
Although foreign exchange gains arose from the revaluation of foreign-currency-denominated receivables and payables, they decreased from the previous fiscal year and reduced ordinary profit. - FY2023-Q2Foreign exchange gains from the revaluation of foreign-currency-denominated receivables and payables continueAnnual report
「Ordinary profit was ¥60.2 billion, down ¥8.6 billion (12.5%) from the same quarter of the previous year, despite foreign exchange gains arising from the revaluation of foreign-currency-denominated receivables and payables.」
Foreign exchange gains arose from the revaluation of foreign-currency-denominated receivables and payables, but ordinary profit fell below the same quarter of the previous year. - FY2023-Q1Foreign exchange gains from the revaluation of foreign-currency-denominated receivables and payables continueAnnual report
「Ordinary profit was ¥33.0 billion, down ¥1.6 billion (4.6%) from the same quarter of the previous year, despite foreign exchange gains arising from the revaluation of foreign-currency-denominated receivables and payables.」
Foreign exchange gains arose from the revaluation of foreign-currency-denominated receivables and payables, but ordinary profit fell below the same period of the previous year. - FY2022-Q3Foreign exchange gains from yen depreciation and the revaluation of foreign-currency-denominated receivables and payablesAnnual report
「Ordinary profit increased ¥53.2 billion, or 111.5%, from the same quarter of the previous year to ¥100.8 billion, due mainly to higher operating profit and foreign exchange gains arising from the revaluation of foreign-currency-denominated receivables and payables.」
Foreign exchange gains arose from the revaluation of foreign-currency-denominated receivables and payables, contributing to an increase in ordinary profit. - FY2022-Q2Continued recognition of foreign exchange gains from yen depreciationAnnual report
「For the six months ended [second quarter], as economic activity resumed after the slowdown caused by the spread of COVID-19, demand began to recover gradually. In addition, higher overseas pulp selling prices at the beginning of the year and foreign exchange gains resulting from yen depreciation against foreign currencies contributed to substantial year-on-year increases in the Group's sales and profit.」
Foreign exchange gains resulting from yen depreciation against foreign currencies, together with higher pulp selling prices, contributed to higher sales and profit. - FY2022-Q1Foreign-exchange gains from yen depreciationAnnual report
「For the three months ended [first quarter], as economic activity resumed after the slowdown caused by the spread of COVID-19, demand began to recover gradually. In addition, higher overseas pulp selling prices at the beginning of the year and foreign exchange gains resulting from yen depreciation against foreign currencies contributed to substantial year-on-year increases in the Group's sales and profit.」
Yen depreciation against foreign currencies generated foreign exchange gains, with foreign exchange movements contributing to performance in a manner different from the foreign exchange losses recorded through the previous year. - FY2021MitigatedAnnual report
「Although cost reductions and lower raw material and fuel prices contributed positively, operating profit declined in both the domestic and overseas businesses, falling ¥21.3 billion, or 20.1%, from the previous fiscal year to ¥84.8 billion. Non-operating income and expenses included foreign exchange gains, but ordinary profit declined ¥18.2 billion, or 18.0%, from the previous fiscal year to ¥83.1 billion.」
Foreign exchange gains were recognized, mitigating the impact of the foreign exchange losses reported through the previous fiscal year on a full-year basis. At the same time, a decline in the foreign currency translation adjustment account was also reported, indicating that the effects were not uniform. - FY2021-Q1MaterialisedAnnual report
「Net assets declined ¥16.7 billion from the end of the previous consolidated fiscal year to ¥815.0 billion, due mainly to a decline in the foreign currency translation adjustment account resulting from yen appreciation.」
The decline in the foreign currency translation adjustment account due to yen appreciation was reflected in an actual decline in net assets. - FY2020MaterialisedAnnual report
「Although the foreign currency translation adjustment account due to yen appreciation and the valuation difference on available-for-sale securities declined, net assets increased ¥16.3 billion from the end of the previous consolidated fiscal year to ¥831.7 billion, due mainly to an increase in retained earnings.」
The decline in the foreign currency translation adjustment account due to yen appreciation was reflected as a factor affecting net assets. - FY2020-Q3MaterialisedAnnual report
「Non-operating income and expenses declined ¥1.0 billion from the same quarter of the previous year due mainly to an increase in foreign exchange losses, while ordinary profit increased ¥0.7 billion, or 0.9%, from the same quarter of the previous year to ¥78.8 billion.」
The increase in foreign exchange losses was reflected as a factor reducing non-operating income and expenses. - FY2020-Q1MaterialisedAnnual report
「Non-operating income and expenses declined ¥0.9 billion from the same quarter of the previous year due mainly to an increase in foreign exchange losses, and ordinary profit declined ¥4.4 billion, or 15.7%, to ¥23.5 billion.」
The increase in foreign exchange losses was reflected as a factor reducing non-operating income and expenses and ordinary profit. - FY2019MaterialisedAnnual report
「Although the foreign currency translation adjustment account due to yen appreciation and the valuation difference on available-for-sale securities due to share price movements declined, net assets increased ¥5.4 billion from the end of the previous consolidated fiscal year to ¥815.4 billion, due mainly to an increase in retained earnings.」
The decline in the foreign currency translation adjustment account due to yen appreciation was reflected as a factor affecting net assets. - FY2019-Q3MaterialisedAnnual report
「Non-operating income and expenses declined ¥2.8 billion from the same quarter of the previous year due to the recognition of foreign exchange losses, among other factors. However, ordinary profit increased ¥31.6 billion, or 68.1%, from the same quarter of the previous year to ¥78.1 billion.」
The recognition of foreign exchange losses was reflected as a factor reducing non-operating income and expenses. - FY2019-Q2MaterialisedAnnual report
「Net assets declined ¥4.9 billion from the end of the previous consolidated fiscal year to ¥805.1 billion, as the decline in the foreign currency translation adjustment account due to yen appreciation outweighed the increase in retained earnings.」
The decline in the foreign currency translation adjustment account due to yen appreciation was reflected in an actual decline in net assets. - FY2019-Q1MitigatedAnnual report
「Non-operating income and expenses improved by ¥2.9 billion year on year, due mainly to an improvement in foreign exchange gains and losses.」
The foreign exchange loss recorded in the same period of the previous year became a foreign exchange gain in the current quarter, improving the burden of losses from foreign exchange movements. - FY2018-Q3MitigatedAnnual report
「Ordinary profit increased 28.3% year on year to ¥46,481 million, due mainly to a decline in foreign exchange losses. Quarterly net profit attributable to owners of the parent increased 18.0% to ¥29,741 million.」
The decline in foreign exchange losses contributed to higher ordinary profit and quarterly net profit attributable to owners of the parent, reducing the burden of losses from foreign exchange movements. - FY2018-Q2MitigatedAnnual report
「Ordinary profit increased 92.1% year on year to ¥24,179 million, due mainly to a decline in foreign exchange losses. Quarterly net profit attributable to owners of the parent increased 96.6% to ¥16,517 million, due mainly to declines in foreign exchange losses and income tax expenses.」
The decline in foreign exchange losses contributed to higher ordinary profit and quarterly net profit attributable to owners of the parent, reducing the burden of losses from foreign exchange movements. - FY2018-Q1MitigatedAnnual report
「Ordinary profit increased 30.4% year on year to ¥10,165 million, due mainly to a decline in foreign exchange losses.」
Foreign exchange losses declined from ¥10,985 million in the same quarter of the previous year to ¥1,935 million, reducing the burden of losses from foreign exchange movements. - FY2017-Q3MaterialisedAnnual report
「Pulp sales volume increased from the previous year, driven by expanded sales of products from Jiangsu Oji Paper Co., Ltd. and other factors. However, sales declined as pulp market conditions softened and the yen value of foreign-currency-denominated sales decreased due to the stronger yen.」
The decline in the yen value of foreign-currency-denominated sales due to yen appreciation was reflected in an actual decline in pulp business sales. - FY2017-Q2MaterialisedAnnual report
「Export sales volume increased from the previous year due to new orders and other factors, but sales were broadly unchanged from the previous year due to the impact of yen appreciation.」
Yen appreciation reduced the yen value of foreign-currency-denominated sales, and a foreign exchange loss of ¥20,375 million was also recognized for the six months ended the second quarter. - FY2017-Q1MaterialisedAnnual report
「Export sales volume increased from the previous year due to new orders and other factors, but sales were broadly unchanged from the previous year due to the impact of yen appreciation.」
Yen appreciation reduced the yen value of foreign-currency-denominated sales, and a foreign exchange loss of ¥10,985 million was also recognized in the quarter. - FY2016First statedAnnual report
「Significant yen depreciation against the US dollar, Australian dollar and other currencies that have a substantial impact on raw material and fuel purchase prices could adversely affect the financial position and operating results of the Group.」
This indicates foreign exchange risk arising from operations across multiple regions and currencies, and states that hedging through forward exchange contracts and similar instruments cannot eliminate all risks.