Pressure on earnings from the stronger yen
First written in FY2017-Q1. 5 of 18 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2025.
New Japan Chemical 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: 74 of 158 companies on the "Worse" side.
37 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Foreign exchange losses 2 26」
The foreign exchange loss increased from ¥2 million in the previous fiscal year to ¥26 million, with the impact of foreign exchange fluctuations on profit and loss appearing in the actual results. - FY2024ReframedAnnual report
「In addition, to prepare the consolidated financial statements, the financial statements of overseas consolidated subsidiaries and overseas equity-method affiliates are translated into yen. The value after translation may be affected by the exchange rates used for translation.」
In addition to the impact of foreign-currency settlements on business performance, the report explicitly identifies the impact of translating the financial statements of overseas subsidiaries and equity-method affiliates on net assets and other items as a foreign exchange risk. - FY2024-Q3MitigatedAnnual report
「Foreign exchange losses 19 3」
The foreign exchange loss decreased from ¥19 million in the same period of the previous year to ¥3 million, reducing the impact of foreign exchange fluctuations on profit and loss. - FY2023-Q3RestatedAnnual report
「However, concerns about downside risks to consumption due to sharp exchange-rate fluctuations and rising prices, including energy prices, have left the outlook still uncertain.」
Rather than the one-directional impact of either a stronger or weaker yen, the risk of sharp foreign exchange fluctuations and rising prices affecting the consumption environment continues. - FY2023-Q2WorsenedAnnual report
「The economy was in a situation where the pace of recovery was slowing due to the sharp depreciation of the yen against a backdrop of rising interest rates in Europe and the United States, as well as higher prices, particularly for energy.」
In addition to the previous increase in raw material prices caused by the weaker yen, the report cites the sharp depreciation of the yen as a factor contributing to higher prices and a slower economic recovery. - FY2023-Q1ReframedAnnual report
「Foreign exchange losses - 19」
The focus of the foreign exchange impact shifted from the burden on exports caused by the stronger yen to factors such as rising prices resulting from the sharp depreciation of the yen, and the Company recorded a foreign exchange loss of ¥19 million in the first quarter under review. - FY2021-Q2MitigatedAnnual report
「Foreign exchange losses 5 1」
The foreign exchange loss decreased from ¥5 million in the same period of the previous year to ¥1 million. - FY2021-Q1MitigatedAnnual report
「Foreign exchange losses 4 1」
The foreign exchange loss decreased from ¥4 million in the same period of the previous year to ¥1 million. - FY2020RestatedAnnual report
「As payments for imported raw materials and other items increased, the amount of foreign-currency settlements as a proportion of the Group’s total payments also increased, and the impact of foreign exchange rate fluctuations on the Company’s performance is growing.」
The report continues to recognize that the impact of foreign exchange fluctuations on business performance is significant due to the increase in foreign-currency settlements, and also refers to hedging measures such as forward exchange contracts. - FY2020-Q1MitigatedAnnual report
「Foreign exchange losses 9 4」
The foreign exchange loss decreased from ¥9 million in the same period of the previous year to ¥4 million. - FY2019-Q3MaterialisedAnnual report
「Foreign exchange losses 1 10」
The Company recorded a foreign exchange loss of ¥10 million, up from ¥8 million previously, indicating an increased impact on profit and loss. - FY2019-Q2MaterialisedAnnual report
「Foreign exchange losses - 8」
The Company recorded a foreign exchange loss of ¥8 million during the cumulative consolidated second quarter, with the impact of foreign exchange fluctuations on profit and loss appearing in the results. - FY2019-Q1MaterialisedAnnual report
「Foreign exchange losses 0 9」
The Company recorded a foreign exchange loss of ¥9 million in the first quarter, with the impact of foreign exchange fluctuations on profit and loss appearing in the results. - FY2018WorsenedAnnual report
「As payments for imported raw materials and other items increased, the amount of foreign-currency settlements as a proportion of the Group’s total payments also increased, and the impact of foreign exchange rate fluctuations on the Company’s performance is growing.」
The report states that the impact of foreign exchange risk on business performance is increasing as the amount of foreign-currency settlements grows. - FY2017RestatedAnnual report
「Fluctuations in foreign exchange rates also put downward pressure on net sales and profit.」
Foreign exchange fluctuations are cited as a factor that reduced full-year net sales and profit in terms of actual results. - FY2017-Q3ReframedAnnual report
「The business environment became challenging due to the significant impact of sharp fluctuations in raw material markets and foreign exchange rates.」
The description of the risk has broadened from the previous focus on the burden of a stronger yen to the overall impact of sharp fluctuations in foreign exchange rates. - FY2017-Q2RestatedAnnual report
「The situation remained challenging, as the stronger yen since the beginning of the year caused business performance to deteriorate, particularly in export-oriented manufacturing industries.」
The stronger yen since the beginning of the year continues to be cited as a factor behind weaker performance in manufacturing industries with high export ratios. - FY2017-Q1MaterialisedAnnual report
「The company struggled partly due to the continued trend toward a stronger yen since the beginning of the year.」
The report states that the stronger yen actually emerged as a burden on business performance.