Impact of Sharp Yen Appreciation on Earnings
First written in FY2016-Q3. 12 of 32 entries say "Mitigated", first in FY2017-Q1. Latest entry: 2026-08-07.
Nix moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
53 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「Supported by foreign exchange gains from the yen's depreciation, among other factors, overseas revenue expanded, including strong sales to Southeast Asia and other markets, and revenue for the interim period of the current consolidated fiscal year was ¥2,221,645 thousand, up ¥11,733 thousand year on year. / Foreign exchange gains 255 18,068」
Unlike the foreign exchange losses recorded in the previous fiscal year, foreign exchange gains from the yen's depreciation supported revenue growth during the interim period of the current consolidated fiscal year, and foreign exchange gains of ¥18,068 thousand were recorded as non-operating income. - FY2024-Q2MitigatedAnnual report
「Foreign exchange gains — 255」
Against foreign exchange losses of ¥12,195 thousand in the same period of the previous year, the cumulative second quarter of the current consolidated fiscal year recorded foreign exchange gains of ¥255 thousand, with the impact of exchange-rate movements on non-operating income and expenses turning to the profit side. - FY2024-Q1MitigatedAnnual report
「Foreign exchange losses 13,882 9,483」
Foreign exchange losses decreased from ¥13,882 thousand in the same period of the previous year to ¥9,483 thousand. However, the adverse impact of exchange-rate movements on earnings was still recorded in the quarter. - FY2023-Q3WorsenedAnnual report
「Foreign exchange losses 15,258 30,859」
Foreign exchange losses during the cumulative third quarter of the current consolidated fiscal year totaled ¥30,859 thousand, up from ¥15,258 thousand in the same period of the previous year. While the record depreciation of the yen contributed to higher revenue, foreign exchange losses recorded as non-operating expenses increased. - FY2023-Q2RestatedAnnual report
「Foreign exchange losses — 12,195」
Foreign exchange losses of ¥12,195 thousand were also recorded during the cumulative second quarter of the current consolidated fiscal year, and the impact of exchange-rate movements on earnings continues. - FY2023-Q1RestatedAnnual report
「Foreign exchange losses — 13,882」
Foreign exchange losses of ¥13,882 thousand were recorded during the cumulative first quarter of the current consolidated fiscal year, and the impact of exchange-rate movements on earnings continues. - FY2022MaterialisedAnnual report
「Despite higher revenue from the yen's depreciation, operating profit was ¥200,709 thousand, up ¥12,505 thousand year on year, and ordinary profit was ¥258,316 thousand, up ¥29,885 thousand, due in part to higher raw material costs, freight rates and utility costs.」
While the yen's depreciation contributed to higher revenue, foreign exchange losses of ¥20,376 thousand were recorded in the consolidated income statement, resulting in a full-year earnings impact from exchange-rate movements. - FY2022-Q3MaterialisedAnnual report
「Due in part to the yen's depreciation trend, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥3,324,479 thousand, up ¥326,315 thousand year on year. / Foreign exchange losses — 15,258」
While the yen's depreciation trend contributed to higher revenue, foreign exchange losses of ¥15,258 thousand were recorded as non-operating expenses during the cumulative third quarter of the current consolidated fiscal year, resulting in an actual earnings impact from exchange-rate movements. - FY2022-Q2RestatedAnnual report
「Against this backdrop, due in part to the continued recovery in investment appetite in the production equipment industry, the main customer industry of our group, and the impact of the yen’s depreciation, net sales for the six-month cumulative period ended the second quarter were ¥2,024,497 thousand, up ¥53,660 thousand year on year.」
The yen's depreciation trend continues to be cited as a factor behind higher revenue, and foreign exchange gains of ¥4,585 thousand were also recorded in non-operating income. - FY2022-Q1MitigatedAnnual report
「Against this backdrop, due in part to the recovery in investment appetite in the production equipment industry, the main customer industry of our group, and the impact of the yen’s depreciation, net sales for the three-month cumulative period ended the first quarter were ¥944,551 thousand, up ¥5,339 thousand year on year.」
The yen's depreciation trend is cited as a factor behind higher revenue. In addition, foreign exchange gains of ¥7,547 thousand were recorded as non-operating income, turning to the profit side from foreign exchange losses in the same period of the previous year. - FY2021MaterialisedAnnual report
「Foreign exchange losses — 1,694」
Foreign exchange gains of ¥14,616 thousand recorded in the previous fiscal year turned into foreign exchange losses of ¥1,694 thousand in the current consolidated fiscal year, with the adverse impact of foreign exchange movements on earnings occurring for the full fiscal year. - FY2021-Q3MitigatedAnnual report
「Foreign exchange gains 21」
Foreign exchange gains for the nine-month cumulative period ended the third quarter were ¥21 thousand, indicating that the impact of foreign exchange movements on non-operating income and expenses turned positive from the foreign exchange losses reported in the previous quarter. - FY2021-Q2RestatedAnnual report
「Foreign exchange losses 1,029」
Foreign exchange losses of ¥1,029 thousand were also incurred during the six-month cumulative period ended the second quarter, and the adverse impact of foreign exchange movements on earnings continued from the previous quarter. The actual amount deteriorated from foreign exchange gains of ¥16,847 thousand in the same period of the previous year. - FY2021-Q1MaterialisedAnnual report
「Foreign exchange losses 10,350」
Foreign exchange gains of ¥10,488 thousand in the same period of the previous year turned into foreign exchange losses of ¥10,350 thousand this quarter, with the adverse impact of foreign exchange movements on earnings actually occurring. - FY2020RestatedAnnual report
「Foreign exchange gains 14,616」
Foreign exchange gains of ¥14,616 thousand were recorded for the consolidated fiscal year, indicating, as through the previous quarter, the impact of foreign exchange movements on non-operating income and expenses. - FY2020-Q3RestatedAnnual report
「Foreign exchange gains 12,923」
Foreign exchange gains were also recorded as non-operating income during the nine-month cumulative period ended the third quarter, with foreign exchange gains occurring instead of losses for the second consecutive period. - FY2020-Q2RestatedAnnual report
「Foreign exchange gains 16,847」
Foreign exchange gains of ¥16,847 thousand were recorded as non-operating income during the six-month cumulative period ended the second quarter, with foreign exchange gains occurring instead of losses for the second consecutive period. - FY2020-Q1MitigatedAnnual report
「In terms of profit, ordinary income was ¥61,314 thousand, up ¥27,773 thousand year on year, and quarterly net income attributable to owners of the parent was ¥42,019 thousand, up ¥30,095 thousand, due in part to lower expenses and the impact of foreign exchange gains and losses.」
Foreign exchange losses of ¥8,041 thousand in the same period of the previous year turned into foreign exchange gains of ¥10,488 thousand in the current period, which is cited as a factor behind the increases in ordinary income and quarterly net income. - FY2019-Q3MaterialisedAnnual report
「Foreign exchange losses 16,180」
Foreign exchange losses of ¥16,180 thousand were incurred during the nine-month cumulative period ended the third quarter and recorded as non-operating expenses. Foreign exchange losses also contributed to the year-on-year decline in ordinary income. - FY2019-Q2MaterialisedAnnual report
「Foreign exchange losses ¥10,608 thousand」
Foreign exchange losses of ¥10,608 thousand were incurred as non-operating expenses during the six-month cumulative period ended the second quarter. Although this was down from ¥16,179 thousand in the same period of the previous year, the earnings impact of foreign exchange movements continued. - FY2019-Q1MaterialisedAnnual report
「In terms of profit, due in part to the impact of foreign exchange losses, ordinary income was ¥33,540 thousand, down ¥1,595 thousand year on year, and quarterly net income attributable to owners of the parent was ¥11,923 thousand, down ¥1,142 thousand.」
It states that foreign exchange losses actually became a factor behind the declines in ordinary income and quarterly net income attributable to owners of the parent. - FY2018ReframedAnnual report
「Net sales exceeded the previous year due in part to the yen’s depreciation. Consolidated net sales were ¥4,517,743 thousand, up ¥83,998 thousand from the previous fiscal year, consolidated operating income was ¥365,715 thousand, up ¥17,947 thousand, and consolidated ordinary income was ¥380,775 thousand, down ¥11,296 thousand.」
Rather than the yen’s appreciation weighing on performance, the yen’s depreciation was a factor behind the increases in net sales and operating income, while the disappearance of foreign exchange gains in non-operating income resulted in a decline in ordinary income. The way foreign exchange effects appeared changed. - FY2018-Q2MaterialisedAnnual report
「Due in part to the yen being stronger than in the same period of the previous year, net sales for the six-month cumulative period ended the second quarter were ¥2,163,037 thousand, down ¥40,913 thousand year on year.」
The yen being stronger year on year is cited as a factor behind the decline in net sales, and the impact of foreign exchange movements on performance has continued. - FY2018-Q1MaterialisedAnnual report
「In terms of profit, because foreign exchange gains in the same period of the previous year turned into foreign exchange losses, ordinary income was ¥35,135 thousand, down ¥96,648 thousand year on year, and quarterly net income attributable to owners of the parent was ¥13,066 thousand, down ¥89,390 thousand.」
The change from foreign exchange gains to foreign exchange losses actually became a factor behind the declines in ordinary income and quarterly net income. Because the direction of the yen movement is not specified, this is recorded as the earnings impact of foreign exchange movements. - FY2017MitigatedAnnual report
「Against this backdrop, product demand in the production equipment industry, the main customer industry of our group, remained strong, and net sales and profit both exceeded the previous year due in part to the impact of the yen’s depreciation.」
Unlike the yen’s sharp appreciation, which weighed on performance in previous fiscal years, the yen’s depreciation is cited as a factor behind net sales and profit exceeding the previous year in the current fiscal year. It does not state that general foreign exchange risk has disappeared. - FY2017-Q3MitigatedAnnual report
「As the yen remained weaker than expected, net sales for the nine-month cumulative period ended the third quarter were ¥3,294,208 thousand, up ¥363,896 thousand from the same quarter of the previous year.」
Unlike in previous fiscal years, when the yen’s sharp appreciation weighed on performance, the yen remaining weaker than expected is cited as a factor behind the increase in net sales. It does not state that general foreign exchange risk has disappeared. - FY2017-Q2MitigatedAnnual report
「In the production equipment industry, a major customer industry for the group, demand for electronic circuit boards in the automotive electronics sector increased, supporting solid performance by products related to circuit-board mounting. In addition, the yen remained weaker than expected, resulting in net sales of ¥2,204 million for the first half of the fiscal year under review, up ¥164 million from the same period of the previous year.」
Unlike in previous fiscal years, when the yen’s sharp appreciation weighed on performance, the yen remaining weaker than expected this quarter is cited as a factor behind the increase in net sales. - FY2017-Q1MitigatedAnnual report
「In terms of profit, ordinary income was ¥131,783 thousand, up ¥90,444 thousand from the same quarter of the previous year, and quarterly net income attributable to owners of the parent was ¥102,456 thousand, up ¥72,162 thousand, due to solid earnings trends and the impact of the yen’s sharp depreciation.」
Unlike the yen’s sharp appreciation, which weighed on profit in the previous fiscal year, the yen’s sharp depreciation is cited as a factor behind the increase in profit this quarter. It does not state that general foreign exchange risk has disappeared. - FY2016MaterialisedAnnual report
「Net sales for the consolidated fiscal year were ¥3,950,030 thousand, a decrease of ¥440,472 thousand from the previous consolidated fiscal year. This was mainly attributable to the impact of the yen’s sharp appreciation and declining product demand in the office automation equipment and housing equipment industries, the main customer industries of our group.」
It states that the yen’s sharp appreciation actually affected full-year results as a factor behind the decline in net sales. - FY2016-Q3First statedAnnual report
「In terms of profit, ordinary income was ¥42,857 thousand, down ¥283,423 thousand from the same quarter of the previous year, and net income attributable to owners of the parent was ¥42,994 thousand, down ¥271,762 thousand, due to the decline in sales and the sharp appreciation of the yen.」
The appreciation of the yen is cited as a factor behind the decline in ordinary income and quarterly net income attributable to owners of the parent.