Earnings fluctuations caused by exchange rate movements
First written in FY2016. 17 of 38 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-10-30.
The whole theme swung hardest in 2025: 72 of 159 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2026MitigatedAnnual report
「Ordinary profit was ¥3,255 million, up 414.8% year on year and representing an achievement rate of 135.6% against the ¥2,400 million earnings forecast, due to the impact of foreign-exchange gains and losses arising from foreign-currency-denominated assets, including loans to the Vietnamese subsidiary and the corresponding borrowings of the Vietnamese subsidiary.」
Compared with the ¥1,315 million foreign-exchange loss recognized in the previous fiscal year, the Company recognized a ¥609 million foreign-exchange gain in the current fiscal year, and ordinary profit recovered to ¥3,255 million. However, the effects of foreign-currency-denominated assets and liabilities related to Vietnam and borrowing interest rates continue to be identified as risks. - 2026-05-14MitigatedEarnings
「Ordinary profit was ¥3,255 million, up 414.8% year on year and representing an achievement rate of 135.6% against the ¥2,400 million earnings forecast, due to the impact of foreign-exchange gains and losses arising from foreign-currency-denominated assets, including loans to the Vietnamese subsidiary and the corresponding borrowings of the Vietnamese subsidiary.」
前期に計上した為替差損1,315百万円から、当期は為替差益609百万円となり、経常利益への影響が改善した。 - FY2026-H1MitigatedAnnual report
「Ordinary profit was ¥366 million, as the recognition of foreign-exchange losses arising mainly from loans to the Vietnamese subsidiary and the corresponding borrowings of the Vietnamese subsidiary among foreign-currency-denominated assets decreased, up more than 1,000% year on year, for which the year-on-year percentage is not shown, and representing 183.2% progress against the ¥200 million earnings forecast.」
The recognition of foreign-exchange losses arising from loans to and borrowings of the Vietnamese subsidiary decreased from the previous year, increasing ordinary profit from ¥16 million to ¥366 million. - FY2025MaterialisedAnnual report
「Ordinary profit was ¥632 million, down 78.5% year on year and representing an achievement rate of 45.2% against the ¥1,400 million earnings forecast, as foreign-exchange losses were recognized in addition to the decline in operating profit, reflecting the yen's appreciation toward the end of the fiscal year and the three-month difference between the Vietnamese subsidiary's financial year-end and the Company's year-end, which exposed the Company to exchange-rate movements during the intervening period.」
Foreign-exchange losses of ¥1,315 million were recognized due to the yen's appreciation and the difference in the Vietnamese subsidiary's financial year-end, reducing ordinary profit to ¥632 million. - FY2025-H1MaterialisedAnnual report
「Ordinary profit was ¥16 million, due mainly to the recognition of foreign-exchange losses arising from loans to the Vietnamese subsidiary and the corresponding borrowings of the Vietnamese subsidiary among foreign-currency-denominated assets, down 99.4% year on year and representing 0.7% progress against the ¥2,200 million earnings forecast.」
Foreign-exchange losses arising from loans to and borrowings of the Vietnamese subsidiary were recognized, reducing ordinary profit to ¥16 million. - FY2024Foreign-exchange gains and interest expenses became apparent amid the sharp depreciation of the yenAnnual report
「This was due to a decline in operating profit, an increase in interest expenses resulting from higher interest rates on US dollar borrowings corresponding to loans to the Vietnamese subsidiary, and foreign-exchange gains on foreign-currency-denominated assets that exceeded expectations as a result of the sharp depreciation of the yen since the beginning of 2024.」
Foreign-exchange movements boosted ordinary profit through foreign-exchange gains on foreign-currency-denominated assets that exceeded expectations, while also increasing interest expenses as a result of higher interest rates on US dollar borrowings. - FY2024-Q3WorsenedAnnual report
「Ordinary income was ¥2,615 million, down 49.8% year on year, due to the recognition of a foreign exchange loss and other factors during the current third-quarter consolidated accounting period, representing progress of 74.7% against the ¥3,500 million earnings forecast.」
Although foreign exchange gains from foreign-currency-denominated assets and other sources were recorded on a cumulative basis, a foreign exchange loss occurred during the third-quarter consolidated accounting period and contributed to the year-on-year decline in ordinary income. - FY2024-Q2RestatedAnnual report
「Operating income was ¥1,437 million, down 58.2% year on year, due to the loss of the inventory sales benefit enjoyed in the previous fiscal year and other factors, representing progress of 47.9% against the ¥3,000 million earnings forecast, while ordinary income was ¥2,819 million, down 46.2% year on year, due to foreign exchange gains on foreign-currency-denominated assets and other factors, representing progress of 104.4% against the ¥2,700 million earnings forecast」
The company continued to state that foreign exchange gains on foreign-currency-denominated assets contributed to the increase in ordinary income. Although ordinary income was down 46.2% year on year, progress against the earnings forecast was 104.4%. - FY2024-Q1RestatedAnnual report
「Ordinary income was ¥1,464 million, down 50.5% year on year, due to foreign exchange gains on foreign-currency-denominated assets and other factors, representing progress of 54.2% against the ¥2,700 million earnings forecast」
Although foreign exchange gains on foreign-currency-denominated assets continued to contribute to the increase in ordinary income, ordinary income was ¥1,464 million, down 50.5% year on year. - FY2023-Q3RestatedAnnual report
「Ordinary income was ¥5,212 million, up 29.2% year on year, due to the recognition of foreign exchange gains on foreign-currency-denominated assets and other factors, representing progress of 94.8% against the ¥5,500 million earnings forecast」
Foreign exchange gains on foreign-currency-denominated assets continued to contribute to the increase in ordinary income. - FY2023-Q2MitigatedAnnual report
「Ordinary income was ¥5,244 million, up 79.2% year on year, due to the recognition of foreign exchange gains on foreign-currency-denominated assets and other factors, representing progress of 109.3% against the ¥4,800 million earnings forecast.」
The impact of foreign exchange movements was reflected in gains through foreign exchange gains on foreign-currency-denominated assets, contributing to the increase in ordinary income. - FY2023-Q1MitigatedAnnual report
「Ordinary income was ¥2,957 million, up 70.5% year on year, due to the recognition of foreign exchange gains on foreign-currency-denominated assets and other factors, representing progress of 61.6% against the ¥4,800 million earnings forecast.」
Regarding foreign exchange movements, foreign exchange gains on foreign-currency-denominated assets contributed to the increase in ordinary income, shifting the impact from the foreign exchange loss position in the same period of the previous year to the gain side. - FY2022MitigatedAnnual report
「Ordinary income was ¥6,000 million, due to the recognition of a foreign exchange gain at the Vietnamese subsidiary and other factors, up 181.5% year on year」
Compared with a foreign exchange loss of ¥28 million in the previous fiscal year, foreign exchange gains at the Vietnamese subsidiary and other factors contributed to the increase in ordinary income in the current fiscal year. - FY2022-Q2RestatedAnnual report
「Operating income was ¥2,094 million, due to the impact of higher sales volumes and increased capacity utilization resulting from higher production volumes, among other factors (compared with operating income of ¥58 million in the same period of the previous year, representing progress of 69.8% against the ¥3,000 million earnings forecast), while ordinary income was ¥2,925 million, due to the recognition of a foreign exchange gain at the Vietnamese subsidiary and other factors (compared with an ordinary loss of ¥8 million in the same period of the previous year, representing progress of 94.4% against the ¥3,100 million earnings forecast)」
The company explained that the recognition of a foreign exchange gain at its Vietnamese subsidiary contributed to the increase in ordinary income, reaffirming the shift in the impact of foreign exchange toward gains that began in the previous quarter. - FY2022-Q1MitigatedAnnual report
「Ordinary income was ¥1,734 million, due to the recognition of a foreign exchange gain at the Vietnamese subsidiary and other factors (compared with ordinary income of ¥44 million in the same period of the previous year, representing progress of 55.9% against the ¥3,100 million earnings forecast)」
Compared with the foreign exchange loss recorded in the same period of the previous year, the company recorded a foreign exchange gain at its Vietnamese subsidiary in the current first quarter, which contributed to the increase in ordinary income. - FY2021MitigatedAnnual report
「Foreign exchange loss ¥28,310」
The foreign exchange loss decreased from ¥99.993 million in the previous fiscal year to ¥28.310 million, reducing the impact of foreign exchange movements on earnings. - FY2021-Q3WorsenedAnnual report
「Foreign exchange loss ¥255,545」
The foreign exchange loss in the cumulative third-quarter consolidated period was ¥255 million, up from ¥172 million in the cumulative second-quarter period. The impact of foreign exchange movements expanded on the loss side. - FY2021-Q2MitigatedAnnual report
「Ordinary loss was ¥8 million, due to the recognition of a foreign exchange loss and other factors (compared with ordinary income of ¥1,703 million in the same period of the previous year).」
The foreign exchange loss in the cumulative second-quarter consolidated period was ¥93.920 million, down from ¥172.110 million in the same period of the previous year. However, a foreign exchange loss continued to be recorded and remained a factor contributing to the ordinary loss. - FY2021-Q1WorsenedAnnual report
「Foreign exchange loss ¥160,037」
A foreign exchange loss of ¥160 million was recorded in the cumulative first-quarter consolidated period, with the loss increasing from ¥91 million in the same period of the previous year. The impact of foreign exchange movements continued to weigh on earnings. - FY2020WorsenedAnnual report
「Foreign exchange loss ¥99,993」
The impact shifted from a foreign exchange gain of ¥16.9 million in the previous fiscal year to a foreign exchange loss of ¥99.993 million in the current fiscal year, with foreign exchange movements reflected in losses. - FY2020-Q3RestatedAnnual report
「Foreign exchange loss ¥89,815」
A foreign exchange loss of ¥89 million was recorded in the cumulative third-quarter consolidated period, and the impact of foreign exchange movements continued to be reflected in earnings. - FY2020-Q2WorsenedAnnual report
「Foreign exchange loss － ¥172,110」
A foreign exchange loss of ¥172 million was recorded in the cumulative second-quarter consolidated period. The impact shifted from a foreign exchange gain in the same period of the previous year to a loss, and increased from the ¥91 million foreign exchange loss in the first quarter. - FY2020-Q1WorsenedAnnual report
「Foreign exchange loss ¥91,377」
A foreign exchange loss of ¥91 million was recorded in the cumulative first-quarter consolidated period. The impact of foreign exchange shifted back to losses, from a ¥63 million foreign exchange loss in the same period of the previous year and a foreign exchange gain in the previous fiscal year. - FY2019MitigatedAnnual report
「Foreign exchange gain ¥16,909」
Compared with a foreign exchange loss of ¥190 million in the previous fiscal year, the company recorded a foreign exchange gain of ¥17 million in the current fiscal year, with the impact of foreign exchange shifting from losses to gains. - FY2019-Q3RestatedAnnual report
「Ordinary income was ¥3,576 million, down 2.0% year on year, due to the recognition of a foreign exchange gain and other factors」
The company continued to explain that the recognition of a foreign exchange gain contributed to the increase in ordinary income, with the impact of foreign exchange reflected in earnings rather than the drag from foreign exchange losses seen through the previous fiscal year. - FY2019-Q2MitigatedAnnual report
「Ordinary income was ¥2,329 million, up 9.1% year on year, due to the recognition of a foreign exchange gain and other factors」
The recognition of a foreign exchange gain contributed to the increase in ordinary income. Whereas foreign exchange losses had weighed on earnings through the previous fiscal year, the impact of foreign exchange was reflected in earnings in the current quarter. - FY2019-Q1MitigatedAnnual report
「Ordinary income was ¥1,253 million, up 7.5% year on year, as foreign exchange losses declined from the same period of the previous year, among other factors,」
The company explained that the decline in foreign exchange losses from the same period of the previous year contributed to the increase in ordinary income. The foreign exchange loss reported in the quarterly consolidated income statement decreased from ¥75.945 million in the same period of the previous year to ¥63.032 million. - FY2018WorsenedAnnual report
「Foreign exchange loss ¥72,791 ¥190,007」
The foreign exchange loss increased from ¥72 million in the previous fiscal year to ¥190 million in the current fiscal year. Although the company continues to reduce risk by applying foreign-currency receipts from dollar-denominated exports to dollar-denominated import payments, the loss increased during the current fiscal year. - FY2018-Q3MitigatedAnnual report
「Ordinary income was ¥3,648 million, up 0.6% year on year, due to the reduction in foreign exchange losses and other factors,」
The company explained that the foreign exchange loss declined from ¥204 million in the same period of the previous year to ¥43 million in the cumulative third-quarter consolidated period, contributing to the increase in ordinary income. The impact of foreign exchange movements remains, but the scale of the loss has decreased. - FY2018-Q2MitigatedAnnual report
「Ordinary income was ¥2,134 million, up 19.9% year on year, due to the reduction in foreign exchange losses and other factors.」
The company explained that the foreign exchange loss declined from ¥588 million in the same period of the previous year to ¥59 million in the current quarter, contributing to the increase in ordinary income. The impact of foreign exchange movements remains, but the scale of the loss has decreased. - FY2018-Q1MitigatedAnnual report
「Ordinary income was ¥1,166 million, up 30.2% year on year, as foreign exchange losses declined from the same period of the previous year,」
The company explained that the decline in foreign exchange losses from ¥355 million in the same period of the previous year to ¥75 million in the current quarter contributed to the increase in ordinary income. The impact of foreign exchange movements remains, but the scale of the loss has decreased. - FY2017MaterialisedAnnual report
「Although a ¥72 million foreign exchange loss resulting from the stronger yen and an ¥81 million equity-method investment loss were recorded during the current consolidated fiscal year, ordinary income was ¥5,021 million, up 26.1% year on year.」
The company described measures to reduce risk by using dollar-denominated export receipts to fund dollar-denominated import payments, while a ¥72 million foreign exchange loss resulting from the stronger yen actually occurred during the year. - FY2017-Q3MitigatedAnnual report
「Ordinary income was ¥3,626 million, up 17.0% year on year, due to a reduction in foreign exchange losses resulting from the weaker yen,」
A foreign exchange loss of ¥204 million was also recorded in the cumulative third-quarter period, so the impact of foreign exchange movements continued. The company explained that the reduction in foreign exchange losses contributed to ordinary income. - FY2017-Q2MaterialisedAnnual report
「Ordinary income was ¥1,780 million, down 20.4% year on year, due to the impact of foreign exchange losses and other factors,」
Foreign exchange losses resulting from the stronger yen and other factors also occurred in the cumulative second-quarter consolidated period, and the income statement reported a foreign exchange loss of ¥588.075 million. Ordinary income fell 20.4% year on year. - FY2017-Q1MaterialisedAnnual report
「Ordinary income was ¥895 million, down 14.6% year on year, due to the impact of foreign exchange losses and other factors,」
A foreign exchange loss resulting from the stronger yen also occurred in the first quarter, weighing on ordinary income. The quarterly consolidated income statement reported a foreign exchange loss of ¥355.833 million. - FY2016MaterialisedAnnual report
「Ordinary income was ¥3,982 million, down 10.6% year on year, due mainly to a ¥293 million foreign exchange loss resulting from the stronger yen and a ¥99 million equity-method investment loss.」
The company stated that foreign exchange risk materialized during the year as a ¥293 million foreign exchange loss resulting from the stronger yen.