Impact of Yen Appreciation on Export and Overseas Production Operations and Foreign-Currency Receivables
First written in FY2017-Q1. 16 of 23 entries say "Restated". Latest entry: 2026-08-07.
Tomoegawa moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2025: 17 of 21 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The value after translation into yen of financial statement items denominated in foreign currencies at the group’s overseas subsidiaries and other entities may be affected by the exchange rates used for translation.」
The group continues to disclose the foreign exchange risk associated with translating overseas subsidiaries’ results into yen and export transactions. - FY2026-H1ReframedAnnual report
「The Toner business recorded lower sales due to a decline in orders for monochrome products amid deteriorating market conditions and a decline in overseas-related sales due to yen appreciation.」
Although yen depreciation had previously continued to boost overseas sales, during the current interim period the decline in overseas-related sales due to yen appreciation became a factor behind lower sales, reversing the direction of the foreign exchange impact. - FY2025-H1RestatedAnnual report
「In addition to the boost to overseas-related sales from yen depreciation, the group-wide effort to pass on higher costs through pricing also contributed,」
Yen depreciation has continued to appear in actual results as a factor boosting overseas-related sales. - FY2024RestatedAnnual report
「In addition, the depreciation of the yen in the second half of the fiscal year had a positive impact on profit.」
The foreign exchange impact shifted from the headwind of yen appreciation to the profit boost from yen depreciation and continued to appear in full-year results. - FY2024-Q3RestatedAnnual report
「In the Toner business, overseas-related sales were boosted by yen depreciation, but orders remained sluggish due in part to the continued weakness of the Chinese economy,」
While yen depreciation is boosting overseas-related sales, external conditions, including foreign exchange, continue to affect business performance. - FY2024-Q1RestatedAnnual report
「Ordinary profit was ¥594 million, down ¥350 million from the same period of the previous year, when it was ¥944 million, a 37.1% decline, despite gains from foreign exchange due to yen depreciation and equity-method investment income from an affiliate engaged in film processing for displays, because of the decline in operating profit.」
Yen depreciation boosted profit through foreign exchange gains, but this was not enough to offset the decline in operating profit. - FY2023-Q3RestatedAnnual report
「Overseas-related sales were also boosted by yen depreciation through the middle of the third quarter of the current consolidated fiscal year,」
The previous boost to overseas sales from yen depreciation continued to appear in actual results during the cumulative third quarter of the current fiscal year. - FY2023-Q2RestatedAnnual report
「In addition to the continued strong performance of the Toner business and Semiconductor-Related business, the depreciation of the yen increased overseas sales,」
The situation in which yen depreciation boosts overseas sales and the performance of the core businesses has continued. - FY2023-Q1RestatedAnnual report
「In addition to the strong performance in the previous consolidated fiscal year continuing, the rapid depreciation of the yen also provided a tailwind.」
The foreign exchange impact, which shifted from the headwind of yen appreciation to the sales tailwind of yen depreciation, continued to appear in actual results in the first quarter of the current fiscal year. - FY2022-Q3RestatedAnnual report
「The Toner business continued to receive solid orders, and yen depreciation since the start of the third quarter of the current consolidated fiscal year also provided a tailwind.」
The situation in which yen depreciation acts as a tailwind for the Toner business, replacing the previous headwind from yen appreciation, has continued. The impact of the yen exchange rate has appeared in actual results. - FY2022-Q2ReframedAnnual report
「The Toner business also benefited from favourable conditions, in addition to solid orders, as a result of yen depreciation.」
The description changed from the headwind of yen appreciation for export and overseas production businesses to yen depreciation acting as a tailwind for the Toner business in the cumulative second quarter. - FY2020WorsenedAnnual report
「In the Toner business, the company worked diligently to expand sales through its sales locations, and sales volume remained broadly in line with the same period of the previous year. However, sales value declined due to intensifying price competition across the market, the yen being stronger than in the previous fiscal year, and the impact of the spread of COVID-19.」
Yen appreciation, together with price competition and the spread of the infection, reduced toner sales value, and foreign exchange losses of ¥82 million were recorded in non-operating expenses. - FY2020-Q3RestatedAnnual report
「Sales declined due to the spread of price competition across the market, US-China trade friction, and the yen being stronger against the yen than in the previous fiscal year.」
Yen appreciation continues to appear alongside US-China trade friction and price competition as a factor behind the decline in toner sales value. - FY2019RestatedAnnual report
「Because the group has local subsidiaries in North America, Europe and Asia, the financial statement items denominated in local currencies are translated into yen for the preparation of consolidated financial statements and other purposes. Accordingly, their translated value may fluctuate depending on the exchange rates used, potentially affecting the group’s results.」
The group continues to disclose the foreign exchange risk associated with translating overseas subsidiaries’ results into yen as a business risk for the full year. - FY2019-Q1RestatedAnnual report
「Operating profit was ¥260 million, down ¥64 million from the same period of the previous year, partly due to higher raw material costs, including pulp, and the yen being stronger against the yen than in the same period of the previous year.」
The stronger yen compared with the same period of the previous year was specifically cited as one factor behind the decline in operating profit, indicating that the impact of foreign exchange risk has continued. - FY2018-Q3MitigatedAnnual report
「In non-operating income and expenses, in addition to the improvement in operating profit, foreign exchange losses declined substantially to ¥17 million from ¥254 million in the same period of the previous year. This reflected efforts to limit foreign exchange volatility by balancing foreign-currency-denominated receivables and payables, as well as stable exchange rates.」
Foreign exchange losses declined to ¥17 million from ¥254 million in the same period of the previous year, due to adjustments to the balance of foreign-currency-denominated receivables and payables and stable exchange rates. - FY2018-Q2MitigatedAnnual report
「Ordinary profit recovered from a loss of ¥144 million in the same period of the previous year to a profit of ¥654 million, mainly because operating profit recovered and foreign exchange losses, which had expanded to ¥87 million in the same period of the previous year due to a temporary sharp appreciation of the yen, declined substantially.」
Foreign exchange losses related to the appreciation of the yen declined substantially from ¥87 million in the same period of the previous year, to ¥15 million in the cumulative second quarter of the current fiscal year. Although the disclosure regarding foreign exchange risk itself has been maintained, its actual impact on results has diminished. - FY2017RestatedAnnual report
「The earnings benefit arising in consolidated accounting from the shift in the exchange rate from yen appreciation through the second quarter to yen depreciation from the third quarter onward was added,」
For the full year, the shift from yen appreciation in the first half to yen depreciation in the second half affected consolidated results. The period-end exchange rate was broadly in line with that at the end of the previous fiscal year, and the adverse impact on sales through the third quarter was halved by the period end, according to the company. - FY2017-Q3ReframedAnnual report
「Although the yen depreciated sharply following the US presidential election, the outlook remained uncertain. This was compounded by the rapid yen depreciation from the latter half of the third quarter, resulting in」
The description of foreign exchange effects changed from yen appreciation through the second quarter to rapid yen depreciation in the latter half of the third quarter, which boosted sales. Meanwhile, a cumulative foreign exchange loss of ¥254 million was also recorded. - FY2017-Q2RestatedAnnual report
「The yen continued to appreciate, worsening corporate earnings and maintaining uncertainty about the outlook. The group was also affected, with yen-denominated sales in the toner-related business, which has a high proportion of overseas sales, continuing to decline due to yen appreciation.…」
The impact of yen appreciation on yen-denominated sales in the toner-related business has continued. The company also described measures to contain the impact through stable exchange rates and accelerated collection of receivables. - FY2017-Q1First statedAnnual report
「The toner-related business, which has a high proportion of exports and overseas production, was affected by yen appreciation. In addition, the sharp appreciation of the yen reduced the reported performance of overseas consolidated subsidiaries after translation into yen.」
The appreciation of the yen affected quarterly results, and the company reported ¥88 million in foreign exchange losses on foreign-currency-denominated receivables.