Foreign-Exchange Risk in Export and Import Transactions and Transactions with Overseas Subsidiaries
First written in FY2017. 5 of 10 entries say "Materialised", first in FY2018. Latest entry: FY2026.
Hokuetsu moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 13 of 23 companies on the "Worse" side.
8 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Export selling prices for paper declined due to lower dollar-denominated prices and the yen's appreciation.」
Foreign exchange risk materialized as a decline in export selling prices for paper due to the yen's appreciation. - FY2026-H1MaterialisedAnnual report
「Foreign exchange losses 69 611」
The impact of foreign exchange movements materialized as an increase in foreign exchange losses from ¥69 million in the interim period of the previous year to ¥611 million in the interim consolidated accounting period under review. - FY2025MaterialisedAnnual report
「The impact of higher raw material, fuel and domestic and overseas logistics costs due to the yen's depreciation was significant. Although we also worked to improve production efficiency, profit declined.」
Foreign exchange risk materialized in the form of higher raw material, fuel and logistics costs due to the yen's depreciation. - FY2025-H1MaterialisedAnnual report
「The Packaging and Paper Processing business reported higher revenue, due mainly to an increase in orders for paper containers and packaging materials. However, profit declined due to higher transportation costs, the impact of the yen's depreciation and other factors.」
Foreign exchange risk materialized as a decline in profit in the Packaging and Paper Processing business due to the impact of the yen's depreciation and other factors. - FY2023MitigatedAnnual report
「Based on this understanding, the Group is focusing on shifting its business portfolio and is working to mitigate foreign exchange risk by expanding and diversifying its product range and increasing the proportion of overseas sales, including exports, among other measures.」
While the yen's depreciation affected raw material and fuel costs, the policy of mitigating foreign exchange risk through product and market diversification and a higher proportion of overseas sales continues. - FY2022RestatedAnnual report
「To avoid these impacts, we are hedging the risk through forward exchange contracts for a portion of our exposure.」
Foreign exchange risk associated with imports, exports and transactions with overseas subsidiaries, together with hedging through forward exchange contracts for a portion of the exposure, continues to be disclosed. - FY2019MitigatedAnnual report
「Based on this understanding, we are focusing on transforming our business structure, including the products we handle and the markets in which we sell them. We are working to mitigate foreign exchange risk by expanding and diversifying our product range and strengthening exports, among other measures.」
Measures against foreign exchange risk include expanding and diversifying the product range and strengthening exports. - FY2018MaterialisedAnnual report
「Operating profit for the period declined from the previous consolidated fiscal year, due to the impact of rising raw material and fuel prices driven by crude oil prices, the yen's depreciation against foreign currencies and other factors. Ordinary profit also declined from the previous consolidated fiscal year. Although the elimination of foreign exchange losses in non-operating income and expenses and other factors contributed to an increase, this was more than offset by factors including a decrease in equity-method investment gains.」
While the yen's depreciation is cited as a factor behind the decline in operating profit, the elimination of foreign exchange losses is cited as a factor behind the increase in ordinary profit. - FY2018-Q2Improvement in foreign-exchange gains and losses contributed to higher profitAnnual report
「Ordinary profit and quarterly net profit attributable to owners of the parent increased due to improved foreign-exchange gains and losses, among other factors.」
The disclosure identifies improved foreign-exchange gains and losses as a factor contributing to higher ordinary profit and quarterly net profit attributable to owners of the parent. - FY2017First statedAnnual report
「To mitigate these effects, we hedge some of the risk through forward foreign-exchange contracts, but it is impossible to eliminate the risk completely.」
The company identifies foreign-exchange risk in exports, raw-material imports and transactions with overseas subsidiaries, and uses forward contracts to hedge part of the risk.