Derivative Valuation Losses in Foreign-Currency Funding
First written in FY2017-Q1. 11 of 25 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2026.
Stella Chemifa moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 8 of 19 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Derivative valuation gain － 9 Derivative valuation loss 12 －」
The derivative valuation loss of ¥12 million in the previous year changed to a valuation gain of ¥9 million in the current consolidated fiscal year. - FY2026-H1MitigatedAnnual report
「Derivative valuation gain － 9 Derivative valuation loss 146 －」
The derivative valuation loss of ¥146 million in the same period of the previous year changed to a valuation gain of ¥9 million in the current interim consolidated accounting period. - FY2025WorsenedAnnual report
「Derivative valuation gain 134 － Derivative valuation loss － 12」
For derivatives related to foreign exchange hedges for imported raw materials, the valuation gain of ¥134 million in the previous year changed to a valuation loss of ¥12 million in the current consolidated fiscal year. - FY2025-H1WorsenedAnnual report
「Derivative valuation gain 125 － Derivative valuation loss － 146」
The derivative valuation gain of ¥125 million in the same period of the previous year turned into a valuation loss of ¥146 million in the current interim consolidated accounting period. - FY2024-Q3MitigatedAnnual report
「Income from investments accounted for using the equity method － Derivative valuation gain － 74 Derivative valuation loss 240 －」
For derivatives related to foreign exchange hedges for raw material purchases, the valuation loss of ¥240 million in the same period of the previous year changed to a valuation gain of ¥74 million in the current period. - FY2023-Q2WorsenedAnnual report
「Derivative valuation loss － 5」
The company recognized a derivative valuation loss of ¥5 million in the first two quarters cumulative period, compared with no such loss in the same period of the previous year. - FY2023-Q1WorsenedAnnual report
「Derivative valuation gain 5 － Derivative valuation loss － 3」
The derivative valuation gain of ¥5 million in the same period of the previous year changed to a valuation loss of ¥3 million in the current period. - FY2022-Q2MitigatedAnnual report
「Derivative valuation gain/loss (△ indicates a gain) 7 △ 5」
Among the adjustments to cash flow from operating activities, the valuation loss of ¥7 million in the same period of the previous year changed to a valuation gain of ¥5 million in the current period. - FY2021WorsenedAnnual report
「Derivative valuation gain － Derivative valuation loss 3」
The derivative valuation gain in the previous year turned into a valuation loss of ¥3 million in the current consolidated fiscal year. - FY2021-Q3WorsenedAnnual report
「Derivative valuation gain 16 － Derivative valuation loss － 12」
For derivatives related to foreign exchange hedges for raw material purchases, the valuation gain of ¥16 million in the same period of the previous year changed to a valuation loss of ¥12 million in the current period. - FY2021-Q2WorsenedAnnual report
「Derivative valuation gain/loss (△ indicates a gain) 1 7」
The derivative valuation gain/loss related to foreign exchange hedges for raw material purchases increased from ¥1 million in the same period of the previous year to ¥7 million in the current period. - FY2021-Q1MitigatedAnnual report
「Derivative valuation gain － 2 Derivative valuation loss 29 －」
The derivative valuation loss of ¥29 million in the same period of the previous year changed to a valuation gain of ¥2 million in the first quarter cumulative period. - FY2020WorsenedAnnual report
「For derivative transactions undertaken to hedge foreign exchange risk associated with raw material purchases, the derivative valuation gain of ¥305 million recognized at the end of the previous consolidated fiscal year declined to ¥3 million at the end of the current consolidated fiscal year, resulting in ordinary profit of ¥2,307 million, down 39.4% year on year.」
The company continues to conduct foreign exchange hedge transactions, but the derivative valuation gain has declined from ¥305 million to ¥3 million, contributing to the decrease in ordinary profit. - FY2020-Q3WorsenedAnnual report
「In addition, for derivative transactions undertaken to hedge foreign exchange risk associated with raw material purchases, the derivative valuation gain of ¥310 million recognized in the same period of the previous year declined to ¥16 million in the first three quarters cumulative consolidated period, resulting in ordinary profit of ¥1,611 million, down 49.6% year on year, and quarterly net profit attributable to owners of the parent of ¥1,094 million, down 44.7%.」
The company continues to conduct derivative transactions as a foreign exchange hedge for raw material purchases, but the derivative valuation gain has declined from ¥310 million in the same period of the previous year to ¥16 million. - FY2020-Q2WorsenedAnnual report
「For derivative transactions undertaken to hedge foreign exchange risk associated with raw material purchases, the derivative valuation gain of ¥348 million recognized in the same period of the previous year declined to a derivative valuation loss of ¥1 million in the first two quarters cumulative consolidated period, resulting in ordinary profit of ¥955 million, down 59.6% year on year.」
The derivative valuation gain of ¥348 million in the same period of the previous year turned into a valuation loss of ¥1 million in the current period. - FY2020-Q1WorsenedAnnual report
「In addition, for derivative transactions undertaken to hedge foreign exchange risk associated with raw material purchases, the derivative valuation gain of ¥293 million recognized in the same period of the previous year turned into a derivative valuation loss of ¥29 million in the first quarter cumulative consolidated period, resulting in ordinary profit of ¥754 million, down 26.7% year on year.」
The derivative valuation gain of ¥293 million in the same period of the previous year turned into a valuation loss of ¥29 million in the current period. - FY2019-Q3RestatedAnnual report
「In addition to the increase in operating income, the yen depreciated compared with the end of the previous fiscal year, resulting in foreign exchange gains and derivative valuation gains exceeding those in the same period of the previous year on derivative transactions undertaken to hedge foreign exchange risk in raw material purchases. As a result, ordinary income was ¥3,196 million, up 50.8% year on year, and net income attributable to owners of the parent was ¥1,980 million, up 37.4% year on year.」
The company continues to conduct derivative transactions to hedge foreign exchange risk associated with raw material purchases, and has recognized foreign exchange gains and derivative valuation gains exceeding those in the same period of the previous year as the yen weakened. - FY2019-Q2RestatedAnnual report
「In addition to the increase in operating income, derivative valuation gains exceeding those in the same period of the previous year were recognized as the yen depreciated on derivative transactions undertaken to hedge foreign exchange risk in raw material purchases. As a result, ordinary income was ¥2,367 million, up 39.4% year on year, and net income attributable to owners of the parent was ¥1,494 million, up 45.5% year on year.」
The company continues to conduct derivative transactions to hedge foreign exchange risk in raw material purchases and explains that it recognized valuation gains exceeding those in the same period of the previous year as the yen depreciated. - FY2019-Q1RestatedAnnual report
「Ordinary income was ¥1,029 million, up 31.7% year on year, due to an increase in operating income and the recognition of derivative valuation gains exceeding those in the same period of the previous year as the yen depreciated on derivative transactions undertaken to hedge foreign exchange risk in raw material purchases.」
The company continues to conduct derivative transactions to hedge foreign exchange risk in raw material purchases and explains that it recognized valuation gains exceeding those in the same period of the previous year as the yen depreciated. - FY2018-Q3MitigatedAnnual report
「Derivative valuation gain 159 Foreign exchange loss 166」
During the first nine months of the fiscal year, the company recognized a valuation gain of ¥159 million rather than a derivative valuation loss, while foreign exchange losses were limited to ¥166 million. - FY2018-Q2MitigatedAnnual report
「The company recorded substantial derivative valuation losses and foreign exchange losses in the same period of the previous year on derivative transactions undertaken to procure foreign currency for raw material purchases, but recorded derivative valuation gains in the current period. Ordinary income was ¥1,698 million, up 33.9% year on year, as foreign exchange losses also narrowed.」
The report states that the shift from derivative valuation losses to gains continued, while foreign exchange losses narrowed from ¥421 million in the same period of the previous year to ¥173 million. - FY2018-Q1RestatedAnnual report
「Meanwhile, the company recorded substantial derivative valuation losses in the same period of the previous year on derivative transactions undertaken to procure foreign currency for raw material purchases, but recorded derivative valuation gains in the current period. As a result, ordinary income was ¥781 million, up 150.4% year on year.」
As in the previous quarter, the company recognized derivative valuation gains and explained that it continues to conduct derivative transactions related to foreign-currency procurement. - FY2017-Q3ReframedAnnual report
「Derivative valuation gains and larger foreign exchange losses were recognized on derivative transactions undertaken in connection with procuring foreign currency for raw material purchases. Following an increase in operating income, ordinary income was ¥3,391 million, up 281.2% year on year.」
The explanation has changed from the previously reported derivative valuation losses to valuation gains, while noting that foreign exchange losses exceeding those gains were recognized. - FY2017-Q2RestatedAnnual report
「Although derivative valuation losses and foreign exchange losses were recognized on derivative transactions undertaken in connection with procuring foreign currency for raw material purchases as the yen appreciated, ordinary income was ¥1,267 million, up 342.7% year on year, following an increase in operating income.」
The report states that derivative valuation losses and foreign exchange losses continued to be recognized on derivative transactions for foreign-currency procurement due to yen appreciation. - FY2017-Q1First statedAnnual report
「Meanwhile, derivative valuation losses were recognized on derivative transactions undertaken in connection with procuring foreign currency for raw material purchases, as the yen appreciated rapidly toward the end of the first quarter. As a result, ordinary income was ¥312 million, up 73.5% year on year.」
The report states that derivative valuation losses of ¥404 million arose on derivative transactions used to procure foreign currency due to the rapid appreciation of the yen.