Impact of yen appreciation on earnings and foreign exchange losses
First written in FY2017-Q1. 7 of 24 entries say "Restated". Latest entry: 2026-11-09.
Denka moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 13 of 28 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- 2026-11-09ReframedRevisions to earnings forecasts
「当中間連結会計期間の業績は、電子・先端製品を中心に販売数量が増加したほか、原燃料価格の高騰に応じた販売価格の見直しや、円安による手取り増により、売上高は2,087億21百万円と前年同期に比べ120億21百万円（6.1％）の増収となりました。」
直近のcanonical disclosureで示されていた円高による手取り減から、今回の中間期は円安による手取り増へ記載が変化した。 - FY2027-H1ReframedAnnual report
「revisions to selling prices in response to higher raw material and fuel prices, as well as increased net proceeds due to the weaker yen,」
The situation has changed from the previous interim period, when the stronger yen reduced net proceeds, to the current interim period, when increased net proceeds due to the weaker yen are a factor driving higher revenue. - 2026-08-07ReframedRevisions to earnings forecasts
「当第１四半期連結累計期間の業績は、電子・先端製品を中心に販売数量が増加したほか、原燃料価格の高騰に応じた販売価格の見直しや、円安による手取り増により、売上高は969億77百万円と前年同期に比べ29億10百万円（3.1％）の増収となりました。」
直近の円高による手取り減の記載から、円安による手取り増が増収要因となる状況へ変化している。 - FY2026-H1ReframedAnnual report
「As a result, during the interim consolidated accounting period under review, sales volumes of electronic and advanced products increased, but selling prices were revised in response to lower fuel and raw material costs and net proceeds declined due to yen appreciation. Net sales were ¥196,699 million, down ¥2,354 million, or 1.2%, from the same period of the previous year.」
Whereas increased net proceeds due to yen depreciation had been noted through the previous year, lower net proceeds due to yen appreciation were cited as a factor behind the decline in sales in the interim period under review. - FY2025-H1RestatedAnnual report
「As a result, during the interim consolidated accounting period under review, results benefited from a recovery in sales volumes of electronic and advanced products, selling price revisions in response to higher fuel and raw material costs, and increased net proceeds due to yen depreciation,」
Increased net proceeds due to yen depreciation continue to be cited as a factor supporting results, and the currency environment remains different from the previous situation of lower net proceeds due to yen appreciation. - FY2024-Q3RestatedAnnual report
「For chloroprene rubber, phased price revisions implemented in the previous fiscal year contributed on the pricing front, and net proceeds increased due to yen depreciation, but sales volume declined across the board amid lower overall demand, resulting in lower sales.」
Unlike the reduction in net proceeds due to yen appreciation, increased net proceeds due to yen depreciation continue to be cited as a factor affecting results. - FY2024-Q2RestatedAnnual report
「For chloroprene rubber, phased price revisions implemented in the previous fiscal year contributed on the pricing front, and net proceeds increased due to yen depreciation, but sales volume declined across the board amid lower overall demand, resulting in lower sales.」
Increased net proceeds due to yen depreciation continue to be noted, and the currency environment remains different from that under yen appreciation, which reduced net proceeds. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter under review, results benefited from the effects of price revisions implemented in the previous fiscal year and increased net proceeds due to yen depreciation, but sales volumes of core products, including electronic and advanced products and chloroprene rubber, declined,」
Unlike the previous situation, in which lower net proceeds due to yen appreciation were an issue, increased net proceeds due to yen depreciation continue to be cited as a factor affecting results. - FY2023MitigatedAnnual report
「In addition to revising selling prices in response to higher fuel and raw material costs, the company benefited from increased net proceeds due to yen depreciation,」
In contrast to the previous situation, in which lower net proceeds due to yen appreciation were an issue, increased net proceeds due to yen depreciation contributed to higher sales in the current year. - FY2023-Q2MitigatedAnnual report
「As a result, during the cumulative second quarter under review, demand declined due to the slowdown in China's economy and reduced automobile production, but the company revised selling prices in response to higher raw material prices and benefited from increased net proceeds due to yen depreciation,」
In contrast to the previous situation, in which lower net proceeds due to yen appreciation were an issue, increased net proceeds due to yen depreciation contributed to higher sales this quarter. - FY2023-Q1MitigatedAnnual report
「As a result, during the cumulative first quarter under review, results benefited from price revisions in response to higher fuel and raw material costs and increased net proceeds due to yen depreciation, but」
In contrast to the previously noted impact of lower net proceeds and foreign exchange losses due to yen appreciation, increased net proceeds due to yen depreciation were cited as a pricing factor this quarter. - FY2022-Q3WorsenedAnnual report
「Foreign exchange losses - 143」
Foreign exchange losses turned from foreign exchange gains of ¥188 million in the same period of the previous year to a loss of ¥143 million, meaning the loss impact of currency movements re-emerged. - FY2022-Q2WorsenedAnnual report
「Foreign exchange losses - 84」
Compared with foreign exchange gains of ¥16 million in the same period of the previous year, the company recorded foreign exchange losses of ¥84 million in the cumulative second quarter under review, meaning the loss impact of currency movements re-emerged. - FY2022-Q1WorsenedAnnual report
「Foreign exchange losses 12 50」
Foreign exchange losses increased from ¥12 million in the same period of the previous year to ¥50 million, and the loss impact of currency movements has expanded again. - FY2021MitigatedAnnual report
「Foreign exchange gains - 442」
Compared with foreign exchange losses of ¥693 million in the previous year, the company recorded foreign exchange gains of ¥442 million in the current year, eliminating the loss impact of currency movements. - FY2021-Q3MitigatedAnnual report
「Foreign exchange gains - 188」
Compared with foreign exchange losses of ¥602 million in the same period of the previous year, the company recorded foreign exchange gains of ¥188 million in the cumulative third quarter under review, eliminating the loss impact of currency movements. - FY2021-Q2MitigatedAnnual report
「Foreign-exchange gain 16」
Compared with foreign exchange losses of ¥521 million recorded in the same period of the previous year, the company recorded foreign exchange gains of ¥16 million in the cumulative second quarter under review, reducing the loss impact of currency movements. - FY2021-Q1MitigatedAnnual report
「Foreign exchange losses 259 12」
Foreign exchange losses declined from ¥259 million in the same period of the previous year to ¥12 million, reducing the loss impact during the quarter under review. - FY2020-Q3WorsenedAnnual report
「Foreign exchange losses 602」
Foreign exchange losses increased to ¥602 million from none in the same period of the previous year, and also increased from ¥521 million in the cumulative previous quarter. The loss impact of currency movements has continued and expanded. - FY2020-Q2MaterialisedAnnual report
「Foreign exchange losses 521」
The company recognized ¥521 million in foreign exchange losses during the cumulative second quarter under review, meaning the impact of currency movements appeared as an actual loss. - FY2017RestatedAnnual report
「In terms of earnings, operating income was ¥25,844 million, down ¥4,789 million year on year, a 15.6% decline, due to the impact of yen appreciation and higher costs associated with biennial scheduled maintenance for styrene monomer and accelerated overseas expansion and research and development,」
Yen appreciation, together with scheduled maintenance and higher overseas expansion and research and development expenses, is cited as a factor weighing on operating income. - FY2017-Q3RestatedAnnual report
「In terms of earnings, operating income was ¥18,759 million, down ¥4,602 million year on year, a 19.7% decline, ordinary income was ¥17,492 million, down ¥4,237 million, a 19.5% decline, and net income attributable to owners of the parent was ¥13,554 million, down ¥2,310 million, a 14.6% decline, due to the impact of yen appreciation and higher costs associated with biennial scheduled maintenance for styrene monomer and accelerated overseas expansion and research and development.」
The impact of yen appreciation, together with higher costs for scheduled maintenance, overseas expansion and research and development, continues to be cited as a factor weighing on profit. - FY2017-Q2RestatedAnnual report
「In terms of earnings, operating income was ¥9,825 million, down ¥4,794 million year on year, a 32.8% decline, due to the impact of yen appreciation, higher costs associated with biennial scheduled maintenance for styrene monomer, and accelerated overseas expansion and research and development. Ordinary income was ¥7,426 million, down ¥6,100 million year on year, a 45.1% decline, because the appreciation of the yen resulted in foreign exchange losses,」
Lower net proceeds due to yen appreciation and foreign exchange losses continue to be cited as factors weighing on profit. - FY2017-Q1First statedAnnual report
「In terms of earnings, operating income was ¥4,295 million, down ¥1,600.44 million year on year, a 27.7% decline, due to the impact of yen appreciation, higher costs associated with scheduled maintenance and increased research and development expenses. Ordinary income was ¥2,364 million, down ¥3,461 million year on year, a 59.4% decline, because the appreciation of the yen resulted in foreign exchange losses,」
Yen appreciation affected results through lower net proceeds, lower operating income and the recognition of ¥1,479 million in foreign exchange losses.