Exchange-Rate Risk on Imported Products
First written in FY2017. 6 of 16 entries say "Mitigated", first in FY2025-Q1. Latest entry: 2026-09-14.
Value Golf 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 2022: 42 of 66 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- 2026-09-14MitigatedEarnings
「In addition, as the weak yen continues to keep import prices for overseas clubs elevated, we are further expanding our range of high-margin proprietary products.」
While import prices for overseas clubs remain elevated, the Company is responding by expanding proprietary products. - FY2027-H1MitigatedAnnual report
「In addition, as the weak yen continues to keep import prices for overseas clubs elevated, we are further expanding our range of high-margin proprietary products.」
Although imported prices for overseas clubs have remained high due to the weaker yen, the company is addressing the foreign-exchange impact by expanding its own original products. - 2026-06-12MitigatedEarnings
「As the weak yen has kept import prices for overseas clubs elevated, we are further expanding our range of Japanese models and high-margin proprietary products and strengthening sales.」
In response to persistently high import prices caused by the weak yen, the Company is expanding its Japanese models and proprietary products. - FY2026-H1MitigatedAnnual report
「In our e-commerce services, imported overseas clubs continued to have high prices this fiscal year due to inflation in the United States and the ongoing weaker-yen trend. We therefore proceeded with a revision of our product mix, including reviewing sales of parallel-imported products and increasing the proportion of Japanese models and high-margin original products.」
Although imported prices remained high due to the weaker yen and inflation in the United States, the company addressed the foreign-exchange impact by increasing its offerings of Japanese models and its own original models. - FY2025-H1MitigatedAnnual report
「Sales of parallel-imported products, which had been a strength of our group, are expected to remain difficult on price for the time being. We will therefore proceed with a broad revision of our overall product mix, including increasing the proportion of Japanese models handled. Meanwhile, each store is focusing on trade-in services and tax-free sales to capture inbound demand and retain customers.」
As parallel-imported products continue to lose their price advantage, the company is addressing foreign-exchange risk by shifting to Japanese models and expanding trade-in and tax-free sales. - FY2025-Q1MitigatedAnnual report
「We are currently shifting our golf club sales strategy and will address foreign-exchange risk by increasing the proportion of Japanese models handled and reducing the proportion of overseas models. In addition, opening stores on cross-border e-commerce sites such as eBay and WorldShopping Biz has enabled us to accept orders from overseas. By expanding our sales channels through tax-free sales to meet inbound demand and trade-in services, sales entered a recovery trend.」
Although the persistently high purchase prices of overseas models due to the weaker yen continued, the company addressed the impact by shifting to Japanese models, reducing its reliance on overseas models and expanding sales channels through cross-border e-commerce, tax-free sales and trade-ins, putting sales on a recovery trend. - FY2024Continued impact of the weaker yen and shifts in sales channels and product mixAnnual report
「Imported overseas clubs have remained expensive due to inflation in the United States and the weaker yen, and higher selling prices made it difficult to secure sales. As parallel-imported products have lost the price advantage that had been a strength of our group, we responded to overseas orders by opening stores on cross-border e-commerce sites such as eBay and WorldShopping BIZ, mainly for private-label products, in order to expand our sales channels. In addition, we worked to establish new business models, including tax-free sales to meet inbound demand, in-store outlets at golf courses and the launch of a trade-in service.」
While imported products continue to lose their price advantage due to the weaker yen and higher prices, the company proceeded with measures involving cross-border e-commerce, tax-free sales, in-store outlets and trade-in services. - FY2024-Q3Loss of imported products' price advantage and shift in the business modelAnnual report
「Our group differentiated itself from other companies by handling a large number of parallel-imported products. However, as these products are expected to lose their price advantage against Japanese models for the time being, we are pursuing a transformation of our business model, including a substantial revision of our product mix.」
As parallel-imported products are expected to continue losing their price advantage due to persistently high imported club prices caused by the weaker yen, the company proceeded with measures involving a change in its product mix. - FY2024-Q2Shift in product mix in response to the weaker yen and higher import pricesAnnual report
「Due to inflation in the United States and the weaker yen, parallel-imported golf clubs have continued to lose their price advantage. Sales of parallel-imported products, which had been a strength of our group, are expected to remain difficult on price for the time being. We will therefore proceed with a broad revision of our overall product mix, including increasing the proportion of Japanese models handled.」
While parallel-imported products continue to lose their price advantage due to the weaker yen and higher prices in the United States, the company is shifting its product mix, including by increasing the proportion of Japanese models handled. - FY2024-Q1Continued impact of yen depreciation and measures to reduce import dependenceAnnual report
「Import prices for overseas golf clubs have remained high due to the yen’s depreciation since last year, and higher selling prices made it difficult to secure sales revenue. Sales of balls and accessories excluding clubs exceeded the same period of the previous year, so going forward we will change our sales strategy for clubs. We will address foreign exchange risk by increasing the proportion of Japanese clubs we handle and reducing our dependence on imported clubs.」
While the persistently high prices of imported clubs due to the weaker yen continue to affect the ability to secure sales, the company indicates that it is addressing this by increasing the proportion of Japanese clubs handled and reducing its reliance on imports. - FY2023WorsenedAnnual report
「Meanwhile, we recorded ¥33.748 million in non-operating expenses, including ¥7.428 million in interest expense, ¥20.491 million in foreign exchange losses and ¥2.054 million in payment commissions.」
The company recorded a ¥20.491 million foreign exchange loss during the fiscal year due to the impact of foreign exchange fluctuations on imported products and other items. - FY2023-Q3WorsenedAnnual report
「Of total non-operating expenses of ¥35.182 million, we recorded a ¥24.006 million foreign exchange loss.」
The foreign exchange loss increased from ¥19.876 million for the cumulative second-quarter period to ¥24.006 million, indicating a greater impact from foreign exchange risk on imported products. - FY2023-Q2MaterialisedAnnual report
「Of non-operating expenses of ¥24.477 million, we recorded a ¥19.876 million foreign exchange loss.」
Regarding foreign exchange risk on imported products, a ¥19.876 million foreign exchange loss was recorded during the cumulative second-quarter period, an increase from the previous quarter. - FY2023-Q1MaterialisedAnnual report
「Of total non-operating expenses of ¥15.319 million, we recorded a ¥12.792 million foreign exchange loss.」
Regarding foreign exchange risk on imported products, a ¥12.792 million foreign exchange loss was actually recorded during the quarter. - FY2022MaterialisedAnnual report
「Meanwhile, we recorded ¥14.183 million in non-operating expenses, including ¥6.044 million in interest expense, ¥5.594 million in foreign exchange losses and ¥1.810 million in payment commissions.」
Regarding foreign exchange risk on imported products, the company actually recorded a ¥5.594 million foreign exchange loss during the fiscal year. - FY2017First statedAnnual report
「Our group handles imported products purchased directly from overseas and elsewhere, and fluctuations in foreign exchange rates could affect purchase prices and purchase volumes.」
The company newly disclosed the risk that foreign exchange fluctuations could affect the purchase prices and purchase volumes of imported products.