Risk of Lower Sales and Earnings Due to Yen Appreciation
First written in FY2017-Q1. 4 of 12 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2019: 11 of 22 companies on the "Worse" side.
0 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「Thai Showa Pax Co., Ltd.'s sales and assets each account for between 10% and 20% of the consolidated financial statements, so the scale of the risk is naturally limited.」
The description of the Thai subsidiary's sales and assets as a proportion of the consolidated group has changed from the previous range of 10%–15% to 10%–20%. - FY2022RestatedAnnual report
「Thai Showa Pax Co., Ltd.'s sales and assets each account for between 10% and 15% of the consolidated financial statements, so the scale of the risk is naturally limited.」
The disclosure continues to explain that, while recognizing the foreign exchange impact, including the conversion of the Thai subsidiary's results into yen, the scale of the impact on a consolidated basis is limited. - FY2020MitigatedAnnual report
「However, Thai Showa Pax Co., Ltd.'s sales and assets each account for between 10% and 15% of the consolidated financial statements, so the scale of the risk is naturally limited.」
While continuing to recognize the risk of foreign exchange translation effects, the disclosure explains that the scope of the impact is limited given the Thai subsidiary's scale within the consolidated group. - FY2019RestatedAnnual report
「In addition, foreign exchange movements may affect the prices and sales of products traded in foreign currencies.」
The risk that foreign exchange movements will affect the prices and sales of products denominated in foreign currencies continues to be identified in the full-year risk disclosures. - FY2019-Q2WorsenedAnnual report
「There are concerns about risks including the course of trade friction stemming from the United States' shift toward protectionist policies and the resulting appreciation of the yen,」
The appreciation of the yen resulting from trade friction has again been explicitly identified as a business risk. - FY2018-Q3MitigatedAnnual report
「The weaker yen against the Thai baht compared with the same period of the previous year was also a factor behind the larger increase in Thai Showa Pax Co., Ltd.'s sales when converted into yen.」
Unlike the contraction in the yen-converted sales of overseas subsidiaries caused by the stronger yen, the disclosure continues to describe the weaker yen as having the effect of increasing yen-converted sales. quantified is false and materialized is false. - FY2018-Q2MitigatedAnnual report
「The weaker yen against the Thai baht compared with the same period of the previous year also contributed to a substantial increase in the yen-converted sales of Thai Showa Pax Co., Ltd.」
Unlike the previous contraction in the yen-converted sales of overseas subsidiaries caused by the stronger yen, the weaker yen is described as a factor driving up the yen-converted sales of the Thai subsidiary. - FY2018-Q1MitigatedAnnual report
「As a result, sales in the corporate sector bottomed out, and ordinary profit is at a high level, helped by lower variable costs and the effects of the weaker yen.」
Unlike the previous impact of lower sales due to the stronger yen, the weaker yen is described in this quarter as a factor driving ordinary profit higher. - FY2017RestatedAnnual report
「Foreign exchange movements may also affect the prices and sales of products traded in foreign currencies.」
The risk that foreign exchange movements will affect product prices and sales continues to be identified in the full-year risk disclosures. - FY2017-Q3MaterialisedAnnual report
「The group's results for the nine months ended the third quarter were affected partly by the contraction in the yen-converted sales of overseas subsidiaries due to foreign exchange movements. Sales were ¥14,867 million, a decrease of ¥295 million from the same period of the previous year.」
The impact of foreign exchange movements continues to be reflected in results through lower yen-converted sales at overseas subsidiaries and a ¥295 million decline in sales. - FY2017-Q2MaterialisedAnnual report
「The group's results for the six months ended the second quarter were affected partly by the stronger yen, with sales of ¥10,040 million, a decrease of ¥454 million from the same period of the previous year.」
The impact of the stronger yen continues to be reflected in results as a ¥454 million year-on-year decline in sales. - FY2017-Q1First statedAnnual report
「Partly due to the stronger yen, sales were ¥4,530 million, a decrease of ¥256 million from the same period of the previous year.」
The disclosure states that the impact of the stronger yen materialized as a decline in sales.