Reducing foreign exchange risk by denominating purchase payments in yen
First written in FY2020-Q2. 3 of 6 entries say "Restated". Latest entry: FY2026.
Ricksoft moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 42 of 66 companies on the "Worse" side.
20 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Non-operating expenses increased by ¥22.543 million from the previous consolidated fiscal year, mainly due to an increase in foreign exchange losses, to ¥27.544 million, up 450.8% year on year.」
The Group discloses that foreign exchange losses related to foreign-currency settlements associated with imports totaled ¥27.544 million, an increase of 450.8% year on year. - FY2025RestatedAnnual report
「Foreign-currency deposits are used to settle foreign-currency-denominated payments associated with product imports and are exposed to foreign exchange fluctuation risk.」
The Group continues to disclose foreign exchange fluctuation risk on foreign-currency deposits associated with imports. - FY2024RestatedAnnual report
「Foreign-currency deposits are used to settle foreign-currency-denominated payments associated with product imports and are exposed to foreign exchange fluctuation risk.」
The Group continues to present the current position of disclosing foreign exchange fluctuation risk on foreign-currency deposits associated with imports, rather than the former explanation based on denominating purchase payments in yen. - FY2021ReframedAnnual report
「Foreign-currency deposits are used to settle foreign-currency-denominated payments associated with product imports and are exposed to foreign exchange fluctuation risk.」
The disclosure has shifted from the former explanation that yen-denominated purchase payments eliminated foreign exchange risk to disclosure of foreign exchange fluctuation risk on foreign-currency deposits associated with product imports. - FY2020-Q3RestatedAnnual report
「The Group mainly sells Atlassian products, which it imports from Australia. Purchase payments had previously been made in US dollars, but since August 2019 they have been made in yen. As a result, “(4) Foreign Exchange Rate Fluctuations” has been removed.」
The Group has reiterated that the risk item relating to foreign exchange rate fluctuations was removed because purchase payments were denominated in yen. - FY2020-Q2MitigatedAnnual report
「The Group mainly sells Atlassian products, which it imports from Australia. Purchase payments had previously been made in US dollars, but since August 2019 they have been made in yen. As a result, “(4) Foreign Exchange Rate Fluctuations” has been removed.」
The currency for purchase payments was changed from US dollars to yen in August 2019, and the foreign exchange rate fluctuation risk item was removed.