Foreign exchange fluctuation risk associated with overseas sales and production
First written in FY2016. 34 of 36 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Tigers Polymer moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2025: 73 of 159 companies on the "Worse" side.
30 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Approximately 54% of the Group's sales are generated by overseas operations. The change in the yen exchange rate from the previous consolidated fiscal year is estimated to have increased sales by approximately ¥288 million and operating profit by approximately ¥10 million in the current consolidated fiscal year.」
Overseas sales accounted for approximately 54%, and the impact of exchange-rate fluctuations on sales and operating profit was reflected in full-year results. - FY2026-H1MaterialisedAnnual report
「In the United States, automotive-parts sales increased, but industrial-hose sales declined, and the business was also affected by foreign currency translation, resulting in lower sales and profit. Net assets declined by ¥688 million from the end of the previous consolidated fiscal year to ¥46,277 million. This was mainly because retained earnings increased by ¥589 million and the valuation difference on available-for-sale securities increased by ¥489 million, while the foreign currency translation adjustment declined by ¥1,713 million.」
The impact of foreign currency translation was reflected in the results as a factor behind lower sales and profit in the Americas, while the foreign currency translation adjustment also declined by ¥1,713 million. - FY2025MaterialisedAnnual report
「Approximately 56% of the Group's sales are generated by overseas operations. The change in the yen exchange rate from the previous consolidated fiscal year is estimated to have increased sales by approximately ¥2,496 million and operating profit by approximately ¥164 million in the current consolidated fiscal year.」
Overseas sales accounted for approximately 56%, and the positive impact of exchange-rate fluctuations on sales and operating profit was reflected in full-year results. - FY2025-H1MaterialisedAnnual report
「In the United States, sales increased due in part to the impact of yen depreciation on foreign currency translation, but profit declined owing to higher operating expenses and other factors. In Thailand, sales increased due to higher automotive-parts sales and the impact of yen depreciation on foreign currency translation, but profit declined owing to higher labor costs and other expenses.」
The impact of yen depreciation on foreign currency translation was reflected in the results as a factor behind higher sales in the United States and Thailand. In net assets, the foreign currency translation adjustment increased by ¥2,660 million from the end of the previous consolidated fiscal year, confirming the impact of exchange-rate fluctuations in the results. - FY2024MaterialisedAnnual report
「Approximately 58% of the Group's sales are generated by overseas operations. The change in the yen exchange rate from the previous consolidated fiscal year is estimated to have increased sales by approximately ¥1,936 million and operating profit by approximately ¥141 million in the current consolidated fiscal year. To address this risk, the Group enters into forward exchange contracts as necessary to mitigate the risk of exchange-rate fluctuations.」
Overseas sales accounted for approximately 58%, and the estimated positive impact of exchange-rate fluctuations, including yen depreciation, on sales and operating profit was reflected in full-year results. The use of forward exchange contracts is also described. - FY2024-Q3MaterialisedAnnual report
「In the United States, sales and profit increased, driven by higher sales of both automotive parts and industrial hoses, as well as the impact of yen depreciation on foreign currency translation.」
The impact of yen depreciation on foreign currency translation was reflected in the results as a factor behind higher sales and profit in the United States. The foreign currency translation adjustment increased by ¥2,263 million from the end of the previous consolidated fiscal year. - FY2024-Q2MaterialisedAnnual report
「In the United States, sales of both automotive parts and industrial hoses increased, and the impact of foreign-currency translation due to yen depreciation also resulted in higher revenue and higher profit. In Mexico, the impact of foreign-currency translation due to yen depreciation resulted in higher revenue from automotive parts, but higher personnel and other expenses resulted in lower profit.」
The impact of foreign-currency translation due to yen depreciation was reflected in actual results as a factor behind higher revenue and higher profit in the United States and higher revenue in Mexico. The foreign currency translation adjustment also increased by ¥1,555 million from the end of the previous fiscal year, and a foreign-exchange gain of ¥621.812 million was recorded. - FY2024-Q1MaterialisedAnnual report
「In the United States, sales of both automotive parts and industrial hoses increased, and the impact of foreign-currency translation due to yen depreciation also contributed to higher revenue and higher profit.」
The impact of foreign-currency translation due to yen depreciation was reflected in actual U.S. results as a factor behind higher revenue and higher profit. It also records a foreign-exchange gain of ¥396.769 million and a ¥143.443 million increase in the foreign currency translation adjustment. - FY2023-Q3MaterialisedAnnual report
「In the United States, sales of automotive parts declined, but the impact of foreign-currency translation due to yen depreciation increased revenue. However, higher purchases of raw materials and other costs, together with higher yen-denominated expenses, resulted in a substantial decline in profit. In Mexico, sales of automotive parts increased and the impact of foreign-currency translation due to yen depreciation increased revenue, but higher purchases of raw materials and other costs resulted in lower profit.」
The impact of foreign-currency translation due to yen depreciation was reflected in sales in the United States and Mexico, while higher yen-denominated expenses were cited as a factor behind lower profit in the United States. The foreign currency translation adjustment increased by ¥3,786 million. - FY2023-Q2MaterialisedAnnual report
「As the yen depreciated and foreign-exchange gains were recorded, ordinary profit was ¥756 million, up ¥108 million, or 16.8%, year on year.」
Foreign-exchange gains due to yen depreciation were realized and contributed to higher ordinary profit. The foreign currency translation adjustment also increased by ¥2,696 million from the end of the previous fiscal year. - FY2023-Q1MaterialisedAnnual report
「As the yen depreciated and foreign-exchange gains were recorded, ordinary profit was ¥641 million, up ¥353 million, or 122.8%, year on year.」
Foreign-exchange gains due to yen depreciation were realized and contributed to higher ordinary profit. In net assets, the foreign currency translation adjustment also increased by ¥1,015 million from the end of the previous fiscal year. - FY2022MaterialisedAnnual report
「Approximately 54% of our Group's sales are generated at overseas locations. …We estimate that exchange-rate movements for the yen from the previous fiscal year increased sales by approximately ¥2,079 million and operating profit by approximately ¥52 million in the current fiscal year.」
Overseas sales accounted for approximately 54%, and the impact of exchange-rate fluctuations, including yen depreciation, was reflected in full-year sales and operating profit. - FY2022-Q3MaterialisedAnnual report
「China Sales of automotive parts declined, but sales of hoses for home appliances increased, and the impact of foreign-currency translation resulted in sales of ¥4,643 million, up ¥409 million, or 9.7%, year on year. Net assets increased by ¥1,401 million from the end of the previous fiscal year to ¥32,975 million. This was mainly due to a ¥130 million increase in retained earnings, a ¥921 million increase in the foreign currency translation adjustment and a ¥301 million increase in non-controlling interests.」
The impact of foreign-currency translation was reflected in sales in China, and the foreign currency translation adjustment also increased by ¥921 million from the end of the previous fiscal year. The impact of exchange-rate fluctuations was reflected in actual results for the third quarter and in net assets. - FY2022-Q2MaterialisedAnnual report
「Net assets increased by ¥1,256 million from the end of the previous fiscal year to ¥32,830 million. This was mainly due to a ¥981 million increase in the foreign currency translation adjustment and a ¥213 million increase in non-controlling interests.」
The foreign currency translation adjustment increased by ¥981 million from the end of the previous fiscal year, reflecting the impact of translating the overseas business into yen in net assets. - FY2022-Q1MaterialisedAnnual report
「In Malaysia, sales of hoses for home appliances declined, but the impact of foreign-currency translation due to yen depreciation resulted in slight increases in revenue and profit.」
The impact of foreign-currency translation due to yen depreciation was reflected in actual results as a factor behind higher revenue in Malaysia. The foreign currency translation adjustment also increased by ¥1,010 million from the end of the previous fiscal year. - FY2021MaterialisedAnnual report
「We estimate that exchange-rate movements for the yen from the previous fiscal year reduced sales by approximately ¥725 million and increased operating profit by approximately ¥23 million in the current fiscal year.」
With overseas sales accounting for approximately 50%, the impact of exchange-rate fluctuations was reflected in full-year results. The negative impact on sales increased from approximately ¥134 million in the previous year, while the impact on operating profit was an increase of approximately ¥23 million. - FY2021-Q3MaterialisedAnnual report
「Net assets decreased by ¥279 million from the end of the previous fiscal year to ¥30,814 million. This was mainly due to a ¥92 million increase in retained earnings, a ¥439 million increase in valuation difference on other securities and a ¥890 million decrease in the foreign currency translation adjustment.」
The foreign currency translation adjustment decreased by ¥890 million from the end of the previous fiscal year, reflecting the impact of translating the overseas business into yen in net assets. - FY2021-Q2MaterialisedAnnual report
「Net assets decreased by ¥816 million from the end of the previous fiscal year to ¥30,277 million. This was mainly due to a ¥234 million increase in valuation difference on other securities, a ¥411 million decrease in retained earnings and a ¥689 million decrease in the foreign currency translation adjustment.」
The foreign currency translation adjustment decreased by ¥689 million from the end of the previous fiscal year, reflecting the impact of translating the overseas business into yen in net assets. - FY2021-Q1MaterialisedAnnual report
「Sales of industrial hoses declined due to the impact of foreign-currency translation from yen appreciation, but lower raw material costs resulted in higher profit. This was mainly due to a ¥153 million increase in valuation difference on other securities and a ¥816 million decrease in the foreign currency translation adjustment.」
The impact of foreign-currency translation due to yen appreciation was reflected as a factor behind lower revenue from industrial hoses in the Americas, and the foreign currency translation adjustment also decreased by ¥816 million. - FY2020MaterialisedAnnual report
「We estimate that exchange-rate movements for the yen from the previous fiscal year reduced sales by approximately ¥134 million and increased operating profit by approximately ¥3 million in the current fiscal year.」
The impact of exchange-rate fluctuations was reflected in full-year results, with sales estimated to have decreased by approximately ¥134 million and operating profit to have increased by approximately ¥3 million. - FY2020-Q3MaterialisedAnnual report
「In the United States, sales of automotive parts declined, in addition to the change in accounting treatment for revenue recognition under which customer-supplied parts provided for a fee were changed from cost of sales to a reduction of sales. This resulted in lower revenue and lower profit. Sales of industrial hoses increased, but the impact of foreign-currency translation resulted in lower revenue and higher profit.」
The impact of foreign-currency translation for U.S. industrial hoses was reflected in actual results as a factor behind lower revenue. The foreign currency translation adjustment also decreased by ¥375 million from the end of the previous fiscal year. - FY2020-Q2MaterialisedAnnual report
「Net assets increased by ¥91 million from the end of the previous fiscal year to ¥31,622 million. This was mainly due to a ¥291 million increase in retained earnings and a ¥228 million decrease in the foreign currency translation adjustment.」
The foreign currency translation adjustment decreased by ¥228 million from the end of the previous fiscal year, reflecting the impact of translating the overseas business into yen. - FY2020-Q1MaterialisedAnnual report
「In the United States, sales of automotive parts declined, in addition to the change in accounting treatment for revenue recognition under which customer-supplied parts provided for a fee were changed from cost of sales to a reduction of sales. This resulted in lower revenue and lower profit. Industrial hoses generated higher revenue due to the impact of foreign-currency translation from yen depreciation, but higher labor and other expenses resulted in lower profit.」
The impact of foreign-currency translation due to yen depreciation was reflected in actual results for the U.S. business, contributing to higher revenue from industrial hoses. The foreign currency translation adjustment also increased by ¥242 million at the end of the first quarter. - FY2019MaterialisedAnnual report
「Approximately 51% of our Group's sales are generated at overseas locations. We estimate that exchange-rate movements for the yen from the previous fiscal year reduced sales by approximately ¥618 million and operating profit by approximately ¥15 million in the current fiscal year.」
Overseas sales accounted for approximately 51%, and the impact of exchange-rate fluctuations, estimated at a reduction of approximately ¥618 million in sales and approximately ¥15 million in operating profit, was reflected in full-year results. - FY2019-Q3MaterialisedAnnual report
「Foreign currency translation adjustment 215,485 154,797」
The foreign currency translation adjustment decreased by ¥60.688 million, from ¥215.485 million at the end of the previous fiscal year to ¥154.797 million, reflecting the impact of translating the overseas business into yen. - FY2019-Q2MaterialisedAnnual report
「In the United States, sales of industrial hoses increased, but the impact of foreign-currency translation left profit at approximately the same level as in the same quarter of the previous year. Net assets increased by ¥437 million from the end of the previous fiscal year to ¥31,390 million. This was mainly due to a ¥931 million increase in retained earnings and a ¥531 million decrease in the foreign currency translation adjustment.」
The impact of foreign-currency translation was reflected in U.S. profit and the foreign currency translation adjustment within net assets. The foreign currency translation adjustment decreased by ¥531 million. - FY2019-Q1MaterialisedAnnual report
「In the United States, the impact of foreign-currency translation due to yen appreciation was negative, but increased sales of both automotive parts and industrial hoses resulted in higher revenue and higher profit.」
The impact of foreign-currency translation due to yen appreciation was reflected in results in the Americas. The foreign currency translation adjustment also decreased by ¥528 million. - FY2018MitigatedAnnual report
「We estimate that exchange-rate movements for the yen from the previous fiscal year reduced sales by approximately ¥41 million and increased operating profit by approximately ¥26 million in the current fiscal year.」
The impact of exchange-rate fluctuations was realized, but improved and decreased from a reduction of approximately ¥1,174 million in sales and approximately ¥57 million in operating profit in the previous year to a reduction of approximately ¥41 million in sales and an increase of approximately ¥26 million in operating profit in FY2018. - FY2018-Q3MaterialisedAnnual report
「In the United States, sales of automotive parts increased and were affected by foreign-currency translation, but higher raw material, labor and other expenses resulted in higher revenue and lower profit. Sales of industrial hoses declined and labor and other expenses increased, but the impact of foreign-currency translation resulted in higher revenue and lower profit.」
The impact of foreign-currency translation was reflected in actual results for U.S. automotive parts and industrial hoses. Sales in the Americas were ¥10,201 million and segment profit was ¥187 million, down 65.9% year on year. - FY2018-Q2MaterialisedAnnual report
「In the United States, sales of automotive parts declined, while raw material costs and other expenses increased. However, the impact of foreign-currency translation resulted in higher revenue and lower profit. Sales of industrial hoses in the United States also declined and other expenses increased, but the impact of foreign-currency translation resulted in higher revenue and lower profit. In contrast, higher sales of automotive parts in Mexico resulted in higher revenue and higher profit. As a result, sales were ¥6,696 million, up ¥567 million, or 9.3%, year on year, and segment profit (operating profit) was ¥211 million, down ¥335 million, or 61.3%, year on year.」
The impact of foreign-currency translation was reflected in actual results as a factor behind lower revenue and lower profit in the United States. Sales in the Americas were ¥6,696 million and segment profit was ¥211 million. - FY2018-Q1MaterialisedAnnual report
「This was due to a ¥222 million decrease in the foreign currency translation adjustment.」
In the analysis of net assets for the first quarter, the foreign currency translation adjustment decreased by ¥222 million, reflecting the impact of translating the overseas business into yen. - FY2017MaterialisedAnnual report
「We estimate that exchange-rate movements for the yen from the previous fiscal year reduced sales by approximately ¥1,174 million and operating profit by approximately ¥57 million in the current fiscal year.」
The foreign-exchange risk associated with translating overseas sales into yen was reflected in full-year results, and its impact in reducing sales and operating profit was estimated. - FY2017-Q3MaterialisedAnnual report
「In the United States, sales of industrial hoses increased, but sales of automotive parts declined, and the impact of foreign-currency translation resulted in lower revenue and lower profit. In Mexico, sales of automotive parts also declined, and the impact of foreign-currency translation resulted in lower revenue and lower profit.」
The impact of foreign-currency translation was reflected in results for the nine months ended the third quarter as a factor behind lower revenue and lower profit in the United States and Mexico. - FY2017-Q2MaterialisedAnnual report
「In the United States, sales of both automotive parts and industrial hoses slightly exceeded the same quarter of the previous year, and raw material costs and other expenses decreased. However, the impact of foreign-currency translation resulted in lower revenue and higher profit. As a result, sales were ¥6,129 million, down ¥1,129 million, or 15.6%, year on year, and segment profit (operating profit) was ¥546 million, up ¥83 million, or 17.9%, year on year.」
The impact of foreign-currency translation was reflected in actual results as a factor behind the decline in sales in the Americas, with sales down 15.6% and segment profit up 17.9%. - FY2017-Q1MaterialisedAnnual report
「In the United States, sales of automotive parts increased, but the impact of foreign-currency translation on both revenue and expenses resulted in lower revenue and higher profit.」
The impact of yen appreciation and foreign-currency translation was reflected in actual sales in the Americas and elsewhere; in the current quarter, the company also recorded a foreign-exchange loss of ¥128 million and a decrease in the foreign currency translation adjustment. - FY2016First statedAnnual report
「Approximately 50% of our Group's sales are generated at overseas locations. Items denominated in the currencies of each region are translated into yen to prepare the consolidated financial statements, and their yen-denominated value may be affected by exchange-rate fluctuations even when their value in local currency remains unchanged. We estimate that exchange-rate movements for the yen from the previous fiscal year reduced sales by approximately ¥618 million and operating profit by approximately ¥41 million in the current fiscal year.」
Overseas locations account for approximately 50% of sales, and the impact of exchange-rate fluctuations was estimated to have reduced sales and operating profit in the current fiscal year.