Foreign Exchange Risk from Overseas Operations
First written in FY2016. 8 of 18 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-11-13.
Ohishi Sangyo moved to the "Worse" side of this theme in 2016, 1 year before the typical company in this theme (2017).
The whole theme swung hardest in 2019: 78 of 140 companies on the "Worse" side.
32 other companies' latest entry also says "Materialised".
- FY2025-H1MaterialisedAnnual report
「Operating income was ¥386 million, down 31.8% year on year, ordinary income was ¥469 million, down 34.6%, and interim net income attributable to owners of the parent was ¥444 million, down 27.0%. The main factors behind the decline in profit were increases in personnel expenses and depreciation and amortization, as well as foreign-exchange losses.」
Foreign-exchange losses were explicitly identified as a main factor behind the decline in profit, and the effects of foreign-exchange movements associated with the overseas business and other operations have materialized in earnings. - FY2024RestatedAnnual report
「The business performance and financial position of our overseas subsidiaries are affected by fluctuations in foreign-exchange rates. Depending on the exchange rate used for translation, the yen-denominated value of these items may be affected even if their value in the original local currency remains unchanged. We recognize that this risk may materialize at any time.」
The company continues to address foreign-exchange risk affecting the business performance and financial position of overseas subsidiaries through foreign-exchange forward contracts and other measures. - FY2024-Q1RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to factors including rising prices, continued yen depreciation and downside risks to overseas economies.」
The company continues to describe uncertainty in the overseas and domestic economies, including continued yen depreciation, but this disclosure does not indicate any direct foreign-exchange effect on the performance of overseas subsidiaries in the quarter. - FY2023-Q3MaterialisedAnnual report
「Overseas sales increased due to the effect of the yen's depreciation, in addition to price revisions accompanying higher raw-material prices, resulting in heavy-duty packaging bag segment sales of ¥5,093 million, up 19.6% year on year.」
The effect of the yen's depreciation was explicitly identified as a factor behind higher sales in the overseas heavy-duty packaging bag segment, and foreign-exchange movements are having an actual effect on the overseas business. In the quarter, the effect was positive for sales. - FY2023-Q1RestatedAnnual report
「Looking ahead, the outlook remains uncertain amid concerns including a prolonged situation in Ukraine and a renewed spread of COVID-19, as well as rising raw-material and fuel prices and further yen depreciation.」
The company continues to describe uncertainty about the outlook, including concerns over further yen depreciation, but does not indicate any direct effect of foreign-exchange movements on overseas subsidiaries. - FY2022RestatedAnnual report
「The business performance and financial position of our overseas subsidiaries are affected by fluctuations in foreign-exchange rates. Depending on the exchange rate used for translation, the yen-denominated value of these items may be affected even if their value in the original local currency remains unchanged. We recognize that this risk may materialize at any time.」
The company continues to describe foreign-exchange risk affecting the business performance and financial position of overseas subsidiaries, along with measures involving foreign-exchange forward contracts and diversified sourcing locations. - FY2022-Q3RestatedAnnual report
「Looking ahead, the outlook remains uncertain due to the rapid spread of the sixth wave driven by the Omicron variant, the ongoing depreciation of the yen and rising global crude oil prices, among other factors.」
The yen's depreciation is indicated, but this filing does not describe any direct effect of foreign-exchange movements on the business performance or financial position of overseas subsidiaries. - FY2021RestatedAnnual report
「As measures to address this risk, our Group enters into foreign-exchange forward contracts and diversifies its overseas product sourcing locations, among other measures.」
The company continues to use foreign-exchange forward contracts and diversify sourcing locations as measures to address foreign-exchange risk associated with the overseas business. - FY2020MitigatedAnnual report
「As measures to address this risk, we enter into foreign-exchange forward contracts and diversify our overseas product sourcing locations, among other measures.」
In response to foreign-exchange risk, the company explicitly identifies diversification of overseas product sourcing locations, in addition to existing foreign-exchange forward contracts, as a measure. - FY2019RestatedAnnual report
「The business performance and financial position of our overseas sales offices and overseas subsidiaries are affected by fluctuations in foreign-exchange rates. Depending on the exchange rate used for translation, the yen-denominated value of these items may be affected even if their value in the original local currency remains unchanged.」
The company continues to identify foreign-exchange risk affecting the business performance and financial position of the overseas business. - FY2018RestatedAnnual report
「The business performance and financial position of our overseas sales offices and overseas subsidiaries are affected by fluctuations in foreign-exchange rates. Depending on the exchange rate used for translation, the yen-denominated value of these items may be affected even if their value in the original local currency remains unchanged.」
The company continues to identify foreign-exchange risk affecting the business performance and financial position of overseas offices and subsidiaries. - FY2017MaterialisedAnnual report
「In the paper-bag segment, domestic sales increased due to higher demand for export bags for synthetic resins and chemicals and aggressive expansion of sales for feed products. Overseas sales declined due to the slowdown in economic growth in China and ASEAN and the effects of the stronger yen, among other factors.」
The slowdown in the Chinese and ASEAN economies and the stronger yen were reflected in full-year results as factors behind lower sales in the overseas paper-bag segment. - FY2017-Q3MaterialisedAnnual report
「In the paper-bag segment, domestic sales increased as the company worked to improve customer satisfaction and benefited from higher demand for export bags for synthetic resins and chemicals. Overseas sales declined due to the slowdown in the Chinese and ASEAN economies and the stronger yen, among other factors.」
The slowdown in the Chinese and ASEAN economies and the stronger yen continue to be reflected in results as factors behind lower sales in the overseas paper-bag segment. - FY2017-Q2MaterialisedAnnual report
「In the paper-bag segment, domestic sales increased as the company worked to improve customer satisfaction and benefited from higher demand for export bags for synthetic resins and chemicals. Overseas sales declined due to the slowdown in the Chinese and ASEAN economies and the stronger yen, among other factors.」
The slowdown in the Chinese and ASEAN economies and the stronger yen have materialized as factors behind lower sales in the overseas paper-bag segment. - FY2017-Q1MaterialisedAnnual report
「In the paper-bag segment, domestic sales increased due to higher demand for export bags, including bags for China, but overseas sales declined due to the stronger yen, although volumes remained strong.」
The stronger yen has materialized as a factor behind lower sales in the overseas paper-bag business, and foreign-exchange risk in the overseas business has materialized. - FY2016First statedAnnual report
「Items denominated in local currencies, including sales, expenses and receivables of our overseas sales offices and overseas subsidiaries, are translated into yen for the preparation of consolidated financial statements. Accordingly, fluctuations in exchange rates could affect our Group's business performance and financial position.」
The company identifies foreign-exchange risk arising from the translation into yen of items denominated in the local currencies of overseas offices and subsidiaries.