Foreign-exchange fluctuation risk in import and export transactions
First written in FY2021. 1 of 2 entries say "Reframed", first in FY2023. Latest entry: FY2023.
Stella Chemifa moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 13 of 23 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「Although the group takes measures to hedge foreign exchange fluctuation risk through forward exchange contracts and other means, sharp fluctuations in the yen exchange rate against those foreign currencies could affect the group's financial position, operating results and other aspects of its business. As the operating results of overseas subsidiaries are translated into yen to prepare the consolidated financial statements, the amounts recorded after translation may be affected by the exchange rates used for translation.」
The company explicitly describes the foreign exchange risk associated with import and export settlements, hedging through forward exchange contracts and other means, and the impact of translating the results of overseas subsidiaries into yen. - FY2021First statedAnnual report
「The group settles its exports to overseas markets in yen, while procuring some raw materials and other items through imports and settling those payments in foreign currencies. Although it takes measures to hedge foreign exchange fluctuation risk through forward exchange contracts and other means, sharp fluctuations in the yen exchange rate against those foreign currencies could affect the group's financial position, operating results and other aspects of its business.」
The company describes separately the foreign exchange fluctuation risk arising from settling exports in yen and imports of raw materials in foreign currencies, and the hedging of that risk through forward exchange contracts and other means.