Foreign-Exchange Risk Accompanying Growth in Overseas Revenue
First written in FY2016. 10 of 25 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-11-05.
Daicel moved to the "Worse" side of this theme in 2016, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 32 of 68 companies on the "Worse" side.
10 other companies' latest entry also says "Materialised".
- 2026-11-05MaterialisedRevisions to earnings forecasts
「当第２四半期（中間期）においては、ハイパフォーマンスポリマーズ事業において販売が堅調に推移したことに加え、各事業において中東情勢に伴う原料価格高騰の価格転嫁を実施したことや、為替が想定よりも円安で推移したことなどにより、売上高および営業利益以下の各利益項目が当初想定を上回りました。」
為替が想定よりも円安で推移し、売上高・利益を当初想定以上とする要因として実績に現れた。 - FY2026Update to Overseas Sales Ratio and Foreign Exchange SensitivityAnnual report
「The overseas sales ratio of our Group was 65.6% for the fiscal year ending March 2026. Based on our estimates, a ¥1 change in the US dollar/yen exchange rate would result in an annual fluctuation of approximately ¥2.3 billion in consolidated net sales and approximately ¥700 million in consolidated operating profit.」
The overseas sales ratio was 65.6%, and annual sensitivity to a ¥1 change in the US dollar/yen exchange rate was updated to approximately ¥2.3 billion for net sales and approximately ¥700 million for operating profit. - 2026-05-12RestatedEarnings presentation
「為替レート USD/JPY ：151円 (前年度 USD/JPY：153円）」
為替レートの実績と計画前提を示したが、為替感応度や海外売上高比率そのものの新たな変化は示していない。 - FY2026-H1MaterialisedAnnual report
「Although sales volume of chiral columns in the Life Sciences business increased slightly, revenue declined due to foreign exchange effects and other factors. Non-operating expenses Foreign exchange losses 1,606」
The impact of currency fluctuations appeared in the results as a factor behind the decline in revenue in the Life Sciences business and as a ¥1.606 billion foreign exchange loss. - FY2025WorsenedAnnual report
「The overseas sales ratio of our Group was 67.3% for the fiscal year ended March 2025. Based on our estimates, a ¥1 change in the US dollar/yen exchange rate would result in an annual fluctuation of approximately ¥2.7 billion in consolidated net sales and approximately ¥900 million in consolidated operating profit.」
The overseas sales ratio rose from 65.4% in the previous fiscal year to 67.3%, while annual sales sensitivity to a ¥1 change in the US dollar/yen exchange rate increased to approximately ¥2.7 billion. - FY2024WorsenedAnnual report
「The overseas sales ratio of our Group was 65.4% for the fiscal year ended March 2024. Based on our estimates, a ¥1 change in the US dollar/yen exchange rate would result in an annual fluctuation of approximately ¥2.3 billion in consolidated net sales and approximately ¥900 million in consolidated operating profit.」
The overseas sales ratio rose from 62.7% in the previous fiscal year to 65.4%, further clarifying the Group's structure of high foreign exchange exposure. - FY2023WorsenedAnnual report
「The overseas sales ratio of our Group was 62.7% for the fiscal year ended March 2023. Based on our estimates, a ¥1 change in the US dollar/yen exchange rate would result in an annual fluctuation of approximately ¥2.4 billion in consolidated net sales and approximately ¥900 million in consolidated operating profit.」
The overseas sales ratio rose from 56.4% to 62.7%, and annual sensitivity to a ¥1 change in the US dollar/yen exchange rate was disclosed as approximately ¥2.4 billion for net sales and approximately ¥900 million for operating profit. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the global economy continued to recover from the effects of the spread of COVID-19, but remained in an uncertain environment due to factors including reduced automobile production caused by lockdowns in China and semiconductor shortages, higher raw material and fuel prices affected by the situation in Ukraine, accelerating global inflation, logistics disruptions, and the yen's depreciation against other currencies.」
The yen's depreciation was explicitly identified as an uncertain external factor. The company also explained that foreign exchange effects contributed to higher revenue in each business, indicating that foreign exchange exposure remains ongoing. - FY2022WorsenedAnnual report
「Overseas sales accounted for 56.4% of the Group's sales for the fiscal year ended March 2022. Based on our estimates, a ¥1 fluctuation in the U.S. dollar/yen exchange rate would result in an annual change of approximately ¥2.0 billion in consolidated sales and approximately ¥600 million in consolidated operating income.」
The overseas sales ratio rose from 55.6% in the previous fiscal year to 56.4%, further increasing exposure to currency fluctuations. - FY2021WorsenedAnnual report
「Overseas sales accounted for 55.6% of the Group's sales for the fiscal year ended March 2021. Based on our estimates, a ¥1 fluctuation in the U.S. dollar/yen exchange rate would result in an annual change of approximately ¥2.0 billion in consolidated sales and approximately ¥600 million in consolidated operating income.」
The overseas sales ratio increased from 54% in the previous fiscal year to 55.6%, increasing exposure to foreign exchange fluctuations. We also disclosed the annual sensitivity to a ¥1 movement in the U.S. dollar/yen exchange rate. - FY2021-Q3MaterialisedAnnual report
「Foreign exchange loss 624」
A foreign exchange loss of ¥624 million was recorded in non-operating expenses for the cumulative third quarter, and the effects of foreign exchange fluctuations emerged in the results. - FY2021-Q2MaterialisedAnnual report
「Foreign exchange loss 584」
A foreign exchange loss of ¥584 million was recorded in non-operating expenses for the cumulative second quarter, and the effects of foreign exchange fluctuations arising from overseas sales and overseas operations emerged in the results. - FY2020WorsenedAnnual report
「Overseas sales accounted for 54% of the Group's sales for the fiscal year ending March 2020. Based on our estimates, a ¥1 fluctuation in the U.S. dollar/yen exchange rate would result in an annual change of approximately ¥2.1 billion in consolidated sales and approximately ¥600 million in consolidated operating income.」
The overseas sales ratio reached 54%, and we specifically disclosed the annual sensitivity of sales and operating income to foreign exchange fluctuations. - FY2020-Q3MaterialisedAnnual report
「Foreign exchange loss 865」
A foreign exchange loss of ¥865 million was recorded in non-operating expenses for the cumulative third quarter, and the effects of foreign exchange fluctuations emerged in the results. - FY2020-Q2MaterialisedAnnual report
「Foreign exchange loss 884」
A foreign exchange loss of ¥884 million was recorded in non-operating expenses for the cumulative second quarter, and the effects of foreign exchange fluctuations emerged in the results. We also continue to hedge risk through forward exchange contracts. - FY2020-Q1MaterialisedAnnual report
「Net non-operating income was ¥300 million, deteriorating by ¥1.6 billion from the first quarter of the previous fiscal year. This was mainly due to a deterioration in foreign exchange gains and losses.」
The deterioration in foreign exchange gains and losses actually emerged as a factor behind the year-on-year deterioration in non-operating income and expenses. - FY2019RestatedAnnual report
「The percentage of overseas sales in the consolidated sales of the Group has been trending upward (51.9% in fiscal 2018), making the Group's performance increasingly susceptible to fluctuations in foreign exchange rates. Although we hedge this risk through forward exchange contracts and other measures, there is no assurance that these measures will completely eliminate the risk.」
We continue to disclose the risk of foreign exchange fluctuations arising from the 51.9% overseas sales ratio and the limitations of hedging through forward exchange contracts and other measures. - FY2019-Q3RestatedAnnual report
「Regarding foreign exchange trends, we are working to hedge risk by entering into forward exchange contracts in a timely manner to reduce foreign exchange risk.」
We continue to hedge foreign exchange risk through timely forward exchange contracts. - FY2019-Q1RestatedAnnual report
「Regarding foreign exchange trends, we are working to hedge risk by entering into forward exchange contracts in a timely manner to reduce foreign exchange risk.」
We continue to hedge foreign exchange risk through timely forward exchange contracts. - FY2018RestatedAnnual report
「The percentage of overseas sales in the consolidated sales of the Group has been trending upward (53.2% for the fiscal year ended March 2018), making the Group's performance increasingly susceptible to fluctuations in foreign exchange rates.」
We continue to disclose the risk of foreign exchange fluctuations arising from the 53.2% overseas sales ratio and hedging through forward exchange contracts and other measures. - FY2018-Q3RestatedAnnual report
「Sales increased due to higher demand for automotive parts and smartphones, increased sales volumes resulting from the expansion of new applications, and the effects of foreign exchange rates.」
The structure of our overseas operations exposed to foreign exchange effects remains unchanged, and during the quarter foreign exchange movements emerged as a factor behind higher sales. - FY2017MaterialisedAnnual report
「The percentage of overseas sales in the consolidated sales of the Group has been trending upward (52.2% for the fiscal year ended March 2017), making the Group's performance increasingly susceptible to fluctuations in foreign exchange rates.」
Overseas sales accounted for 52.2%, and sales declined due to the effects of foreign exchange rates. We estimate that fluctuations in the U.S. dollar exchange rate reduced sales by ¥25.7 billion. - FY2017-Q3MaterialisedAnnual report
「Although cellulose acetate for liquid crystal display film applications remained firm, sales declined due to lower sales in other applications and the effects of foreign exchange rates.」
The effects of foreign exchange rates continue to emerge as a factor behind lower sales in the cellulose business and elsewhere. - FY2017-Q1MaterialisedAnnual report
「Although the Japanese economy continued on a gradual recovery path, with some weakness such as sluggish personal consumption, it remained in an unpredictable environment, including changes in foreign exchange conditions and increasing uncertainty over overseas developments. Sales declined due in part to the effects of foreign exchange rates.」
Foreign exchange fluctuations actually emerged as a factor behind lower sales in multiple business divisions, and a foreign exchange loss of ¥1.86 billion was recorded in non-operating expenses. - FY2016First statedAnnual report
「The percentage of overseas sales in the consolidated sales of the Group has been trending upward (54.5% for the fiscal year ended March 2016), making the Group's performance increasingly susceptible to fluctuations in foreign exchange rates.」
With overseas sales accounting for 54.5%, our exposure to the effects of yen appreciation and depreciation is identified as a risk.