Impact of Exchange-Rate Fluctuations on Business Performance
First written in FY2016. 31 of 36 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Fuso Chemical moved to the "Worse" side of this theme in 2017, 1 year before the typical company in this theme (2018).
The whole theme swung hardest in 2025: 72 of 159 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Although sales declined due to the effect of yen appreciation, sales exceeded those in the previous consolidated fiscal year, particularly due to an increase in sales volume to Asia.」
While the impact of lower sales due to yen appreciation actually materialized, sales in the Electronic Materials business increased due to higher sales volume to Asia. - 2026-05-11MaterialisedEarnings
「Although sales declined due to the effect of yen appreciation, sales exceeded those in the previous consolidated fiscal year, particularly due to an increase in sales volume to Asia.」
円高による売上減少要因が電子材料事業の実績に現れている。 - FY2026-H1MaterialisedAnnual report
「In addition, the decrease in exports and sales at overseas subsidiaries resulting from yen appreciation contributed to the decline, and segment sales fell below those in the previous interim consolidated accounting period.」
The decrease in exports and overseas subsidiaries’ sales due to yen appreciation is reflected as an actual driver of the decline in sales in the Life Sciences business. - FY2025MaterialisedAnnual report
「Ordinary profit increased due to the increase in operating profit, despite the decrease in foreign exchange gains.」
Foreign exchange gains decreased from ¥653.029 million in the previous fiscal year to ¥57.042 million, and the impact of exchange-rate movements is reflected in ordinary profit for the current fiscal year. - FY2025-H1MaterialisedAnnual report
「Ordinary profit increased due to the increase in operating profit, despite the recognition of foreign exchange losses.」
Foreign exchange losses of ¥279.792 million were recognized, and the impact of exchange-rate movements is reflected in ordinary profit for the interim period. - FY2024MaterialisedAnnual report
「This was mainly due to an increase in interest income resulting from higher dollar interest rates and an increase in foreign exchange gains as the yen depreciated.」
The yen’s depreciation is reflected as a driver of the increase in foreign exchange gains, and the impact of exchange-rate movements has continued. - FY2024-Q3MaterialisedAnnual report
「Ordinary profit decreased due to the decline in operating profit, the decrease in foreign exchange gains and the recognition of interest expense.」
Foreign exchange gains decreased from ¥562.291 million in the same period of the previous year to ¥350.250 million, and the impact of exchange-rate movements is reflected as a factor reducing ordinary profit. - FY2024-Q2MaterialisedAnnual report
「Ordinary profit decreased due to the decline in operating profit and the decrease in foreign exchange gains.」
Foreign exchange gains decreased from ¥1,122.723 million in the same period of the previous year to ¥586.497 million, and the impact of exchange-rate movements was reflected as a factor reducing ordinary profit. - FY2024-Q1MaterialisedAnnual report
「Ordinary profit decreased due to the decline in operating profit and the decrease in foreign exchange gains.」
Foreign exchange gains decreased from ¥647.403 million in the same period of the previous year to ¥485.526 million, and the impact of exchange-rate movements was reflected as a factor reducing ordinary profit. - FY2023MaterialisedAnnual report
「Foreign exchange gains 616,034」
Foreign exchange gains of ¥616.034 million were recognized as the yen depreciated, and the impact of exchange-rate movements was reflected as a driver of the increase in ordinary profit. - FY2023-Q2MaterialisedAnnual report
「Ordinary profit increased due to the increase in operating profit and the recognition of foreign exchange gains resulting from the dollar’s appreciation against various currencies.」
Foreign exchange gains of ¥1,122.723 million were recognized as the dollar appreciated, and the impact of exchange-rate movements is reflected as a driver of the increase in ordinary profit. - FY2023-Q1MaterialisedAnnual report
「Ordinary profit increased, due to the increase in operating profit and the recognition of foreign exchange gains resulting from the dollar’s appreciation against various currencies.」
Foreign exchange gains of ¥647.403 million were recognized as the dollar appreciated, and the impact of exchange-rate movements is reflected as a driver of the increase in ordinary profit. - FY2022MaterialisedAnnual report
「Ordinary profit increased, as the effect of yen depreciation was added to the factors behind the increase in operating profit.」
The effect of yen depreciation is reflected as a driver of the increase in ordinary profit, confirming the continued impact of exchange-rate movements. - FY2022-Q3MaterialisedAnnual report
「Ordinary profit and net income attributable to owners of the parent increased, due to the increase in operating profit as well as the recognition of foreign exchange gains and gains on sales of investment securities.」
The recognition of foreign exchange gains is reflected as an actual driver of the increase in ordinary profit and net income attributable to owners of the parent for the cumulative third quarter. - FY2022-Q2MaterialisedAnnual report
「At our overseas subsidiaries, we pursued demand recovery resulting from improvements in the Chinese and U.S. economies, increased share in each country and sales promotion initiatives. The weaker yen also increased sales after translation into yen, and net sales exceeded those in the cumulative consolidated period of the previous quarter.」
The increase in overseas subsidiaries’ sales after yen conversion due to yen depreciation is reflected as an actual driver of sales growth. - FY2022-Q1MaterialisedAnnual report
「At our overseas subsidiaries, demand recovered as the Chinese and U.S. economies improved, sales increased as our share in the United States rose, and the weaker yen also increased sales after translation into yen. As a result, net sales exceeded those in the cumulative consolidated period of the previous quarter.」
The increase in the yen-translated revenue of overseas subsidiaries due to the yen's depreciation is identified as an actual driver of higher revenue, with the impact of foreign exchange movements continuing to be reflected in actual results. - FY2021MaterialisedAnnual report
「Ordinary profit increased because foreign exchange losses were eliminated and a foreign exchange gain was recorded as the yen depreciated toward the end of the period,」
As the yen depreciated toward the end of the period, foreign exchange losses were eliminated and a foreign exchange gain was recorded, with the impact of foreign exchange movements reflected in full-year results. - FY2021-Q3MaterialisedAnnual report
「Ordinary profit and profit attributable to owners of the parent decreased because foreign exchange losses were recorded compared with the previous cumulative quarterly consolidated period.」
The company recorded a ¥329,493 thousand foreign exchange loss, with foreign exchange movements actually contributing to the declines in ordinary profit and profit attributable to owners of the parent. - FY2021-Q2MaterialisedAnnual report
「Ordinary profit increased because operating profit rose, despite an increase in foreign exchange losses compared with the previous cumulative quarterly consolidated period.」
Foreign exchange losses increased, reaching ¥164,184 thousand for the cumulative second quarter, with the impact of foreign exchange movements actually reflected in ordinary profit. - FY2021-Q1RestatedAnnual report
「Ordinary profit increased due to higher operating profit and the impact of a decrease in foreign exchange losses compared with the previous cumulative quarterly consolidated period,」
Although foreign exchange losses decreased from the same period of the previous year, foreign exchange movements continued to be reflected in actual results as a factor affecting ordinary profit. - FY2020MaterialisedAnnual report
「In addition to a decline in non-operating income and an increase in non-operating expenses, the decline in operating profit was also a major factor, and ordinary profit decreased by ¥900 million from the previous consolidated fiscal year to ¥8,954 million.」
The company recorded a ¥26,782 thousand foreign exchange loss during the year, with foreign exchange movements affecting non-operating income and expenses and ordinary profit. - FY2020-Q3MaterialisedAnnual report
「Revenue was below the previous cumulative quarterly consolidated period because the selling prices of products whose prices are contractually linked to raw-material prices declined, the appreciation of the yen affected the translation of overseas subsidiaries' revenue, sales of finished products for beverage applications were sluggish due to poor weather, and sales for industrial applications stagnated due in part to the impact of the Chinese economy.」
The appreciation of the yen affected the yen translation of overseas subsidiaries' revenue, with foreign exchange risk continuing to be reflected in actual results. - FY2020-Q2MaterialisedAnnual report
「Revenue was below the previous cumulative quarterly consolidated period because the selling prices of products whose prices are contractually linked to raw-material prices declined, the yen's appreciation affected the revenue of overseas subsidiaries, and sales of finished products for beverage applications were sluggish due in part to poor weather.」
In addition to the impact of the yen's appreciation on overseas subsidiaries' revenue, the company recorded a ¥36,589 thousand foreign exchange loss, with the impact of foreign exchange movements reflected in actual results. - FY2020-Q1MaterialisedAnnual report
「Ordinary profit was ¥2,109 million, down 26.5% year on year, or ¥761 million, due in part to the recognition of foreign exchange losses and other items.」
The company recorded a ¥64,157 thousand foreign exchange loss, with the impact of foreign exchange movements actually contributing to the decline in ordinary profit for the quarter. - FY2019MaterialisedAnnual report
「Foreign exchange gains 278,147」
The company recorded a foreign exchange gain of ¥278,147 thousand for the current consolidated fiscal year, with the impact of foreign exchange movements reflected in full-year results. - FY2019-Q3MaterialisedAnnual report
「Foreign exchange gains 269,549」
The company recorded a foreign exchange gain of ¥269,549 thousand for the cumulative third quarter, with the impact of foreign exchange movements continuing to be reflected in actual results. - FY2019-Q2MaterialisedAnnual report
「Foreign exchange gains 311,098」
The company recorded a foreign exchange gain of ¥311,098 thousand for the cumulative second quarter, with the impact of foreign exchange movements continuing to be reflected in actual results. - FY2019-Q1MaterialisedAnnual report
「Foreign exchange gains 185,145」
The company recorded a foreign exchange gain of ¥185,145 thousand in the first quarter, with the impact of foreign exchange movements reflected in actual results. - FY2018MaterialisedAnnual report
「Although non-operating income decreased and non-operating expenses increased, the increase in operating profit was the larger factor, and ordinary profit increased by ¥328 million from the previous consolidated fiscal year to ¥10,367 million.」
The company recorded a ¥293,919 thousand foreign exchange loss as the yen appreciated, with the impact of foreign exchange movements reflected in full-year non-operating expenses and ordinary profit. - FY2018-Q3RestatedAnnual report
「Foreign exchange losses 44,120」
The company recorded a foreign exchange loss of ¥44,120 thousand for the cumulative third quarter, with the impact of foreign exchange movements continuing to be reflected in actual results. - FY2018-Q2RestatedAnnual report
「Foreign exchange losses 33,826」
The company recorded a foreign exchange loss of ¥33,826 thousand for the cumulative second quarter, with the impact of foreign exchange movements continuing to be reflected in actual results. - FY2018-Q1MaterialisedAnnual report
「Foreign exchange losses 39,534」
The company recorded a foreign exchange loss of ¥39,534 thousand as a non-operating expense in the first quarter, with the impact of foreign exchange movements reflected in actual results. - FY2017-Q3MaterialisedAnnual report
「Revenue exceeded the same period of the previous year despite the impact of the yen's appreciation on the yen-translated revenue of overseas subsidiaries and the yen conversion of export revenue from domestic companies, as shipments of fruit acids such as malic acid, ultra-high-purity colloidal silica and nanopowders were strong. Ordinary profit also exceeded the same period of the previous year because foreign exchange gains were recorded as the yen depreciated toward the end of the third quarter.」
While the appreciation of the yen continued to affect the yen translation of overseas subsidiaries' revenue and export revenue, the yen's depreciation toward the end of the period generated foreign exchange gains, with the impact of foreign exchange movements reflected in actual results. - FY2017-Q2RestatedAnnual report
「Net sales were below the same period of the previous year because the stronger yen affected the yen-denominated sales of overseas subsidiaries and the yen conversion of export sales by domestic companies.」
The impact of the yen's appreciation on the yen-translated amounts of overseas subsidiaries' revenue and export revenue continued through the second-quarter cumulative period. - FY2017-Q1MaterialisedAnnual report
「As a result, revenue for the first quarter of the current fiscal year was ¥8,796 million, down 1.5% year on year, a decrease of ¥129 million. Revenue was below the same period of the previous year because the appreciation of the yen affected the yen-translated revenue of overseas subsidiaries and the yen conversion of export revenue from domestic companies.」
The appreciation of the yen reduced the yen-translated amounts of overseas subsidiaries' revenue and export revenue, resulting in an actual 1.5% year-on-year decline in quarterly revenue. - FY2016First statedAnnual report
「Under these circumstances, fluctuations in foreign exchange rates could affect the performance of the Group.」
The risk is associated with overseas sales accounting for 36.1% of total sales and production in China, the United States and Thailand. The company also describes responses including price revisions and foreign exchange forwards.