Foreign Exchange Risk from Yen Appreciation and the Translation of Overseas Subsidiaries
First written in FY2016. 6 of 19 entries say "Restated". Latest entry: 2026-08-07.
Nippon Soda moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2019: 71 of 124 companies on the "Worse" side.
39 other companies' latest entry also says "Mitigated".
- 2026-08-07MitigatedEarnings
「経常利益は、為替差益を計上したことなどにより、55億８千１百万円（前年同期比23.2％増）となり」
前年同期の為替差損とは反対に、当四半期は為替差益が経常利益の増加要因として計上された。 - FY2026Full-year recognition of foreign exchange gainsAnnual report
「Foreign exchange gains 1,218” / “Foreign exchange losses —」
Against foreign exchange losses of ¥210 million in the previous fiscal year, foreign exchange gains of ¥1.218 billion were recorded in the current fiscal year, confirming a reversal in the direction of the foreign exchange impact for the full year as well. - 2026-05-14MitigatedEarnings
「経常利益は、持分法による投資利益が増加したことや、為替差益を計上したことなどにより、229億９千万円（前年度比17.7％増）となりました。」
前年度の為替差損から当年度は為替差益へ転じ、為替影響の損失方向は低減した。 - FY2026-H1Shift from Foreign Exchange Losses to GainsAnnual report
「Foreign exchange gains — 197 Foreign exchange losses 610 —」
Against foreign exchange losses of ¥610 million recorded in the same period of the previous year, foreign exchange gains of ¥197 million were recorded in the current interim period. The direction of the foreign exchange impact changed from losses due to yen appreciation to gains. - FY2025-H1MaterialisedAnnual report
「Ordinary profit was ¥8.364 billion, down 10.0% year on year, because, although foreign exchange gains were recorded in the previous fiscal year, the exchange rate followed a yen-appreciation trend toward the end of the interim period in the current fiscal year, resulting in foreign exchange losses.」
Foreign exchange losses of ¥610 million were recorded amid the yen-appreciation trend, and the impact of foreign exchange materialised as a factor behind the year-on-year decline in ordinary profit. - FY2024-Q1RestatedAnnual report
「Ordinary profit was ¥6.138 billion, down 29.4% year on year, despite an increase in investment income under the equity method and exchange rates remaining at lower yen levels than in the previous fiscal year, while net income attributable to owners of the parent was ¥4.744 billion, down 18.9%.」
As in the previous quarters, yen depreciation was cited as one factor contributing to higher ordinary profit. However, overall ordinary profit declined 29.4% year on year due mainly to lower investment income under the equity method. - FY2023-Q2RestatedAnnual report
「Ordinary profit was ¥13.973 billion, up 180.8% year on year, due mainly to an increase in investment income under the equity method and exchange rates remaining at lower yen levels than in the previous fiscal year, while net income attributable to owners of the parent was ¥8.889 billion, up 182.6%.」
As in the previous quarter, yen depreciation was cited, together with higher investment income under the equity method, as a factor contributing to higher ordinary profit. - FY2023-Q1Continued profit uplift from yen depreciationAnnual report
「Ordinary profit was ¥8.69 billion, up 224.3% year on year, due mainly to an increase in investment income under the equity method and exchange rates remaining at lower yen levels than in the previous fiscal year, while net income attributable to owners of the parent was ¥5.851 billion, up 237.8%.」
As in the previous fiscal year, yen depreciation was cited as a factor contributing to higher ordinary profit. Foreign exchange gains also increased from ¥81 million in the same period of the previous year to ¥806 million. - FY2022-Q3RestatedAnnual report
「Ordinary profit was ¥8.579 billion, up 55.9% year on year, due mainly to an increase in investment income under the equity method and exchange rates remaining at lower yen levels than in the previous fiscal year, while net income attributable to owners of the parent was ¥5.692 billion, up 165.8%.」
As in the previous quarter, yen depreciation was cited, together with higher equity-method investment income, as a factor contributing to higher ordinary profit. - FY2022-Q2Profit uplift from yen depreciationAnnual report
「Ordinary profit was ¥4.975 billion, up 33.7% year on year, due mainly to an increase in investment income under the equity method and exchange rates remaining at lower yen levels than in the previous fiscal year.」
Unlike the previously reported adverse impact of yen appreciation, yen depreciation was cited in the current quarter, together with higher equity-method investment income, as a factor contributing to higher ordinary profit. - FY2020RestatedAnnual report
「The Group operates globally, and exchange rate movements affect sales denominated in foreign currencies and the cost of procuring raw materials. Accordingly, the Group seeks to mitigate the impact on operating results through measures including forward exchange contracts.」
The Group continues to address foreign exchange risk associated with its global operations and measures to mitigate its impact through forward exchange contracts. - FY2020-Q3MaterialisedAnnual report
「Ordinary profit was ¥4.076 billion, up 4.3% year on year, due mainly to lower profit at Novus International, Inc., an equity-method affiliate of the company, and despite exchange rates remaining at higher yen levels, while net income attributable to owners of the parent was ¥2.844 billion, down 1.1%.」
The impact of yen appreciation was also reported for the nine months ended the third quarter, and the foreign currency translation adjustment, including the foreign exchange impact on overseas subsidiaries, also decreased. - FY2020-Q2MaterialisedAnnual report
「Ordinary profit was ¥2.454 billion, down 27.6% year on year, due mainly to the impact of exchange rates remaining at higher yen levels and lower profit at Novus International, Inc., an equity-method affiliate of the company.」
The impact of yen appreciation continued to be reflected in ordinary profit as a 27.6% year-on-year decline. The foreign currency translation adjustment related to overseas subsidiaries and other entities also decreased by ¥1.11 billion as the yen appreciated. - FY2018RestatedAnnual report
「We seek to mitigate foreign exchange risk associated with export transactions through measures including foreign exchange forward contracts, but a sharp appreciation of the yen could have a material impact on the Group’s business performance.」
While describing measures including forward exchange contracts, the company continues to disclose the risks of rapid yen appreciation and the impact of translating the results of overseas subsidiaries and equity-method affiliates into yen. - FY2017MaterialisedAnnual report
「However, due mainly to the impact of exchange rates remaining at higher yen levels than in the previous fiscal year, revenue for the fiscal year was ¥128.647 billion, down 9.9% year on year, while operating profit was ¥5.365 billion, down 27.7%.」
The impact of yen appreciation materialised for the full year as year-on-year declines in revenue and operating profit. - FY2017-Q3RestatedAnnual report
「However, due mainly to the impact of exchange rates remaining at higher yen levels than in the previous fiscal year, revenue for the nine months ended the third quarter was ¥88.994 billion, down 11.0% year on year, while operating profit was ¥2.457 billion, down 44.3%.」
The impact of yen appreciation continued through the nine months ended the third quarter, being reflected as year-on-year declines in revenue and operating profit. - FY2017-Q2WorsenedAnnual report
「However, due mainly to the impact of exchange rates remaining at higher yen levels than in the previous fiscal year, revenue for the six months ended the second quarter was ¥58.827 billion, down 14.2% year on year, while operating profit was ¥1.4 billion, down 57.7%.」
The impact of yen appreciation on results became greater than at the first quarter, with cumulative revenue down 14.2% year on year and operating profit down 57.7%. - FY2017-Q1MaterialisedAnnual report
「However, due to the impact of exchange rates, with the yen remaining stronger than in the previous fiscal year, net sales for the first quarter of the current consolidated cumulative period were ¥30,484 million, down 9.2% year on year, and operating profit was ¥1,273 million, down 33.9% year on year.」
The previously identified risk of yen appreciation materialised in the current quarter, being reflected in the figures as year-on-year declines in revenue and operating profit. - FY2016First statedAnnual report
「We seek to mitigate foreign exchange risk associated with export transactions through measures including foreign exchange forward contracts, but a sharp appreciation of the yen could have a material impact on the Group’s business performance.」
The potential impact of a sharp appreciation of the yen is indicated while describing mitigation measures such as foreign exchange forward contracts.