Foreign-exchange fluctuation risk, including yen appreciation
First written in FY2016. 6 of 13 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026-H1.
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- FY2026-H1Shift from foreign-exchange loss to foreign-exchange gainAnnual report
「Foreign-exchange gains 426」
Foreign-exchange losses of ¥599 million in the same period of the previous year turned into foreign-exchange gains of ¥426 million in the current interim period, indicating a change in how the impact of foreign-exchange fluctuations was reflected. - FY2025MaterialisedAnnual report
「Foreign-exchange gains 1,079 Foreign-exchange losses 1,336」
Foreign-exchange gains of ¥1,079 million in the previous fiscal year turned into foreign-exchange losses of ¥1,336 million in the current fiscal year, reflecting the impact of foreign-exchange fluctuations in the full-year results. - FY2025-H1MaterialisedAnnual report
「Foreign-exchange gains 1,119 Foreign-exchange losses 599」
Foreign-exchange gains of ¥1,119 million in the same period of the previous year turned into foreign-exchange losses of ¥599 million in the current interim period, reflecting the impact of foreign-exchange fluctuations in the results. - FY2024Lower foreign exchange gainsAnnual report
「Net non-operating income and expenses declined from a net gain of ¥3,814 million in the previous consolidated fiscal year to a net gain of ¥3,571 million in the current consolidated fiscal year. The main factor was a ¥326 million decrease in foreign-exchange gains.」
The decline in foreign-exchange gains that began in the previous fiscal year was reflected in full-year net non-operating income and expenses, with foreign-exchange gains down ¥326 million from the previous year. - FY2024-Q3Continued decline in foreign exchange gainsAnnual report
「Foreign-exchange gains 1,674 859」
Foreign-exchange gains under non-operating income declined from ¥1,674 million in the same period of the previous year to ¥859 million. The decline in foreign-exchange gains that began in the previous fiscal year was also evident in the cumulative results for the third quarter. - FY2023Lower foreign exchange gainsAnnual report
「The main factors were an ¥852 million increase in interest income and a ¥646 million decrease in foreign-exchange gains.」
Foreign-exchange gains declined by ¥646 million from the previous fiscal year. The movement in foreign-exchange gains has changed from the situation through the previous quarter, when yen depreciation and growth in foreign-exchange gains had been reported. - FY2023-Q2Yen depreciation and growth in foreign-exchange gainsAnnual report
「Foreign-exchange gains 3,034」
While rapid yen depreciation was identified as a source of uncertainty for the domestic economy, foreign-exchange gains under non-operating income increased from ¥872 million in the same period of the previous year to ¥3,034 million. - FY2023-Q1Shift toward yen depreciation and foreign-exchange gainsAnnual report
「The domestic economy remained uncertain due to the continuing impact of COVID-19, rapid yen depreciation, and rising prices for various materials and other items.」
The disclosure shifted from describing revenue declines and foreign-exchange losses caused by yen appreciation to identifying rapid yen depreciation as an external environmental factor. A foreign-exchange gain of ¥1,226 million was recorded in the current quarter. - FY2017MaterialisedAnnual report
「The main factors were the recognition of a foreign-exchange gain of ¥1,098 million in the previous consolidated fiscal year, compared with a foreign-exchange loss of ¥1,713 million in the current consolidated fiscal year.」
The impact of foreign-exchange fluctuations, including yen appreciation, was reflected in the full-year results as a foreign-exchange loss of ¥1,713 million. - FY2017-Q3MaterialisedAnnual report
「Although sales of stationary products for energy-related applications remained firm, revenue from NOx purification catalyst supports (SCR) declined from the same period of the previous year due to yen appreciation and weak sales of products for other applications.」
Yen appreciation continues to be reflected in the results as a factor behind the decline in SCR revenue. - FY2017-Q2MaterialisedAnnual report
「Although order volumes for DPF and catalyst-support retention and sealing materials (AFP) increased as the automotive market remained firm, combined revenue from the two businesses declined from the same period of the previous year due to yen appreciation and changes in product mix.」
Although the automotive market and order volumes remained firm, yen appreciation and changes in product mix were reflected in the results as factors behind the decline in DPF and AFP revenue. - FY2017-Q1MaterialisedAnnual report
「DPF revenue declined from the same period of the previous year due to changes in product mix and the impact of yen appreciation.」
Yen appreciation was reflected in the results as a factor behind the decline in DPF revenue, indicating that foreign-exchange risk has materialized. - FY2016First statedAnnual report
「The group has taken measures to reduce or hedge foreign-exchange risk, but it is impossible to completely eliminate the effects of exchange-rate fluctuations. If the yen appreciates rapidly and for an extended period against major currencies such as the U.S. dollar and euro, as well as local currencies, the group's operating performance and financial position may be materially affected.」
Risks arising from foreign-currency transactions and the translation of overseas subsidiaries into yen. A hedging policy using forward exchange contracts is also described.