Foreign Exchange Risk from Foreign-Currency Transactions and Overseas Subsidiaries
First written in FY2022. 5 of 6 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2024.
rakumo moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 14 of 26 companies on the "Worse" side.
9 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「In addition, non-operating expenses were ¥8.994 million, compared with ¥7.354 million in the previous consolidated fiscal year. This was mainly due to foreign exchange losses, the amortization of issuance costs for stock acquisition rights, the amortization of bond issuance costs and losses on investment limited partnership operations.」
Non-operating expenses, including a ¥3.052 million foreign exchange loss, were incurred and increased from the previous fiscal year. - FY2024-H1MaterialisedAnnual report
「In addition, non-operating expenses were ¥4.894 million, compared with ¥3.747 million in the same period of the previous year. This was mainly due to foreign exchange losses and the amortization of issuance costs for stock acquisition rights.」
Foreign exchange losses were incurred, and non-operating expenses increased from ¥3.747 million in the same period of the previous year to ¥4.894 million. - FY2024-Q1MaterialisedAnnual report
「In addition, non-operating expenses were ¥3.153 million, compared with ¥1.516 million in the same period of the previous year. This was mainly due to foreign exchange losses and losses on investment limited partnership operations.」
Foreign exchange losses related to foreign exchange risk were also incurred in the first quarter of FY2024, and non-operating expenses exceeded the level in the same period of the previous year. - FY2023-Q3MaterialisedAnnual report
「In addition, non-operating expenses were ¥6.447 million, compared with ¥7.450 million in the same period of the previous year. This was mainly due to foreign exchange losses and losses on investment limited partnership operations.」
Foreign exchange losses related to foreign-currency transactions and other factors were also incurred during the cumulative third-quarter period, amounting to ¥3.140 million. - FY2023-Q2MaterialisedAnnual report
「In addition, non-operating expenses were ¥3.747 million, compared with ¥5.137 million in the same period of the previous year. This was mainly due to foreign exchange losses.」
Non-operating expenses, including a ¥2.351 million foreign exchange loss, were incurred during the cumulative second-quarter period in connection with foreign-currency transactions and other factors. - FY2022First statedAnnual report
「Because the financial statements of the Group's foreign subsidiaries are prepared in local currencies, they are translated into yen when the consolidated financial statements are prepared. Changes in exchange rates upon translation into yen due to fluctuations in foreign exchange rates may affect the Group's operating results and financial position. In addition, we conduct transactions denominated in foreign currencies, directly or indirectly, for cloud infrastructure fees and certain purchases. Although we are working to reduce foreign exchange risk by continuously reviewing operating costs and transitioning to contracts denominated in yen, if a significant divergence arises between the exchange rates initially assumed and prevailing rates, the Group's operating results and financial position may be affected.」
The company has disclosed for the first time the foreign exchange risks associated with translating foreign subsidiaries' accounts into yen and with foreign-currency transactions for cloud infrastructure fees and purchases, as well as measures involving cost reviews and the transition to yen-denominated contracts.