Foreign-currency risk on overseas trade receivables
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2022.
Koatsu Gas Kogyo moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
1 other company's latest entry also says "Worsened".
- FY2022WorsenedAnnual report
「Our Group engages in international trade and overseas operations. Because some international trade transactions are denominated in foreign currencies, we settle them using forward exchange contracts to avoid the risk of fluctuations in foreign exchange rates. However, it is difficult to avoid the risk completely, and fluctuations in foreign exchange rates may affect our Group's operating results and financial position.」
Continued to describe the use of forward exchange contracts while explicitly stating that the risk cannot be avoided completely. - FY2020WorsenedAnnual report
「In addition, overseas operations entail the risk that shareholders' equity will fluctuate through foreign currency translation adjustments, as well as the risk that the yen-converted amounts of profit or loss for the period will increase or decrease, which may affect our Group's operating results and financial position.」
Explicitly identified not only foreign-currency-denominated trade receivables but also fluctuations in shareholders' equity and yen-converted profit or loss for the period from overseas operations as foreign exchange risks. - FY2019RestatedAnnual report
「Our Group engages in international trade and overseas operations. Because some of these transactions are denominated in foreign currencies, we seek to avoid the risk of fluctuations in foreign exchange rates through forward exchange contracts. However, fluctuations in foreign exchange rates may affect our Group's operating results and other matters.」
Continued to describe the foreign exchange fluctuation risk associated with foreign-currency-denominated transactions and hedging through forward exchange contracts. - FY2018RestatedAnnual report
「Our Group engages in international trade and overseas operations. Because some of these transactions are denominated in foreign currencies, we seek to avoid the risk of fluctuations in foreign exchange rates through forward exchange contracts. However, fluctuations in foreign exchange rates may affect our Group's operating results and other matters.」
Continued to describe the foreign exchange risk associated with foreign-currency-denominated transactions and efforts to mitigate it through forward exchange contracts. - FY2017-Q3RestatedAnnual report
「In the Adhesives segment, Pegal increased demand for paper, coatings, and civil engineering and construction applications by acquiring new customers. Cyanon declined in overseas markets due to the impact of foreign exchange rates, while Pegalock increased in Japan through the acquisition of new customers and overseas through market development for high-performance products in the electrical and electronics sector, resulting in net sales exceeding the same period of the previous fiscal year.」
The impact of foreign exchange rates continued to be reflected in results as a decline in シアノン's overseas sales. - FY2017-Q2MaterialisedAnnual report
「シアノン's overseas sales declined due to the impact of foreign exchange rates」
Stated that the impact of foreign exchange fluctuations actually emerged as a decline in sales of products for overseas markets. - FY2016First statedAnnual report
「In addition, foreign-currency-denominated trade receivables arising from overseas operations are exposed to foreign exchange fluctuations, but are hedged, in principle, using forward exchange contracts.」
Described the foreign exchange risk associated with foreign-currency-denominated trade receivables and the use of forward exchange contracts, in principle.