Foreign-Exchange Risk Associated With Overseas Business Expansion
First written in FY2016. 11 of 29 entries say "Restated". Latest entry: FY2026.
Sanyo Chemical Industries moved to the "Worse" side of this theme in 2019, 1 year after the typical company in this theme (2018).
The whole theme swung hardest in 2022: 5 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026A trend toward yen depreciation following yen appreciationAnnual report
「The yen appreciated at the beginning of the period amid uncertainty surrounding U.S. trade policy, but subsequently entered a depreciation trend, affected by trends in the Japan-U.S. interest rate differential and the situation in the Middle East.」
The description of exchange rate direction has been updated from yen appreciation during the first half to a yen depreciation trend during the second half, against a backdrop of the Japan-U.S. interest rate differential and the situation in the Middle East. - FY2026-H1A trend toward yen depreciation following yen appreciationAnnual report
「Against a backdrop of trends in the Japan-U.S. interest rate differential, the yen appreciated during the first half of the period but shifted to a depreciation trend toward the second half.」
The Company describes a shift from yen appreciation during the first half to a yen depreciation trend during the second half, updating the direction of foreign exchange risk associated with its overseas business. - FY2025Yen volatility throughout the year and modest yen appreciationAnnual report
「After the yen depreciated, it rebounded sharply at times amid interest rate cuts in the United States and Europe and an interest rate hike by the Bank of Japan. However, partly because the narrowing of the interest rate differential was limited, the yen ended the year modestly stronger after fluctuating sharply throughout the year.」
The description has been updated from the yen appreciation and depreciation trends through the previous fiscal year to a sharp rebound after yen depreciation, followed by modest yen appreciation amid fluctuations throughout the year. - FY2025-H1Shift toward yen appreciation after depreciationAnnual report
「In the chemical industry, after the yen depreciated, it shifted toward appreciation amid interest rate cuts in the United States and Europe and an interest rate hike by the Bank of Japan.」
The description has been updated from the yen depreciation trend that continued through the previous fiscal year to a shift toward yen appreciation against a backdrop of interest rate cuts in the United States and Europe and an interest rate hike by the Bank of Japan. The risk of exchange rate fluctuations associated with the expansion of the overseas business itself remains. - FY2024Yen depreciation throughout the year and a temporary yen reboundAnnual report
「The yen rebounded at times due to slowing U.S. inflation and growing expectations for the Bank of Japan to normalize monetary policy, but trended lower throughout the year amid expectations of prolonged monetary tightening in the United States and Europe.」
The description has been updated from a yen rebound after depreciation in the previous quarter to recognition that the yen trended lower throughout the year, with a temporary rebound. - FY2024-Q3Yen rebound after depreciationAnnual report
「In the chemical industry, the yen had been trending lower amid expectations of prolonged monetary tightening in the United States and Europe, but rebounded toward the latter half of the quarter due to slowing U.S. inflation and growing expectations for the Bank of Japan to normalize monetary policy. Crude oil prices have also moved amid conflicting expectations of both price increases and decreases due to a global economic slowdown and supply uncertainty. As a result, the business environment remains unpredictable.」
The description has shifted from the yen's trend toward depreciation through the previous quarter to a rebound in the yen during the latter half of the current quarter. The risk of exchange rate fluctuations associated with the expansion of the overseas business itself remains. - FY2024-Q1Return toward yen depreciationAnnual report
「In the chemical industry, the yen has been trending lower amid expectations of prolonged monetary tightening in the United States and Europe, while crude oil prices have moved amid conflicting expectations of both price increases and decreases due to a global economic slowdown and supply uncertainty. As a result, the business environment remains unpredictable.」
The description has shifted from the trend toward yen appreciation in the previous quarter to a trend toward yen depreciation against a backdrop of expectations of monetary tightening in the United States and Europe. The risk of exchange rate fluctuations associated with the expansion of the overseas business itself remains. - FY2023-Q3Reversal in the direction of exchange ratesAnnual report
「In the chemical industry, after the yen depreciated sharply due to interest rate hikes in the United States and Europe, it shifted toward appreciation amid concerns about an economic slowdown in the United States and Europe and revisions to the Bank of Japan's monetary easing policy. Crude oil prices have moved without a clear direction as expectations of both price increases and decreases have intersected amid concerns about a global economic slowdown and supply uncertainty. As a result, the business environment remains unpredictable.」
The description of exchange rate direction has shifted from the sharp yen depreciation described through the previous quarter to a trend toward yen appreciation. The risk of exchange rate fluctuations associated with the expansion of the overseas business itself remains. - FY2023-Q2Continued yen depreciation and foreign exchange gainsAnnual report
「In the chemical industry, the yen has depreciated sharply due to interest rate hikes in the United States and Europe, while crude oil prices have moved unstably as expectations of both price increases and decreases have intersected amid concerns about a global economic slowdown and supply uncertainty. As a result, the business environment remains unpredictable.」
The Company continued to describe sharp yen depreciation from the previous quarter, and recorded a ¥2,622 million foreign exchange gain during the cumulative second-quarter period. - FY2023-Q1Yen depreciation and foreign exchange gainsAnnual report
「In the chemical industry, the yen has recently depreciated sharply due to U.S. interest rate hikes, while crude oil prices remain elevated amid supply shortages. As a result, the business environment remains unpredictable.」
The description has shifted from the previous yen appreciation trend to a sharp yen depreciation trend, and the Company recorded a ¥1,761 million foreign exchange gain during the quarter, along with an increase in the foreign currency translation adjustment account. - FY2022-Q3Change in exchange-rate directionAnnual report
「In the chemical industry, the yen has been trending lower following the start of the U.S. monetary policy tightening cycle, while raw material prices have been trending upward due to higher crude oil prices and a recovery in demand. As a result, the business environment remains unpredictable.」
The description of exchange rate direction has shifted from the yen appreciation trend described through the previous fiscal year to a yen depreciation trend. The risk of exchange rate fluctuations associated with the expansion of the overseas business itself remains. - FY2021RestatedAnnual report
「As the Group expands its overseas business operations, fluctuations in foreign exchange rates are increasingly likely to adversely affect the Group’s operating results and financial condition.」
The Company continues to explicitly identify foreign exchange volatility associated with the expansion of its overseas business as a risk. - FY2021-Q3RestatedAnnual report
「In the chemical industry, the yen has been trending higher amid growing expectations that U.S. monetary easing will continue, while raw material prices, after falling sharply due to lower crude oil prices and a sluggish global economy, have begun to recover. As a result, the business environment remains unstable and unpredictable.」
The Company describes the yen's appreciation and the unstable business environment, and continues to draw attention to exchange rate fluctuations associated with the expansion of its overseas business. - FY2021-Q2RestatedAnnual report
「In the chemical industry, the yen has been trending higher amid growing expectations that U.S. monetary easing will continue, while raw material prices, after falling sharply due to lower crude oil prices and a sluggish global economy, have begun to recover. As a result, the business environment remains unstable and unpredictable.」
The Company describes the yen's appreciation and the unstable business environment, and continues to draw attention to exchange rate fluctuations associated with the expansion of its overseas business. - FY2021-Q1RestatedAnnual report
「In the chemical industry, the foreign exchange market has been volatile as the U.S. monetary easing policy is expected to continue, while raw material prices, after falling sharply due to lower crude oil prices and a sluggish global economy, have begun to recover somewhat. The business environment remains unstable,」
The foreign exchange market has been volatile, and the Company continues its previous recognition of the risks associated with the impact of exchange rate fluctuations on its overseas business. - FY2020-Q3MaterialisedAnnual report
「In the chemical industry, raw material prices have become unstable due to rising tensions in the Middle East, while the yen has been trending higher amid the shift in U.S. monetary policy toward easing. As a result, the business environment remains unpredictable.」
As the yen continued to appreciate, the Company recorded a ¥259 million foreign exchange loss and a ¥687 million decrease in the foreign currency translation adjustment account during the nine-month period ended in the third quarter, and the impact of exchange rate movements is being reflected in results. - FY2020-Q2MaterialisedAnnual report
「In the chemical industry, the yen has been trending higher amid risk aversion driven by growing concerns about a global economic slowdown and the shift in U.S. monetary policy toward easing, while raw material prices have become unstable due to rising tensions in the Middle East and concerns about a global economic slowdown. As a result, the business environment remains unpredictable.」
As the yen continued to appreciate, the Company recorded a ¥533 million foreign exchange loss and a ¥1,268 million decrease in the foreign currency translation adjustment account during the cumulative period. - FY2020-Q1MaterialisedAnnual report
「The yen has been trending higher amid risk aversion driven by growing concerns about a global economic slowdown and the shift in U.S. monetary policy toward easing, while raw material prices have become unstable due to rising tensions in the Middle East and concerns about a global economic slowdown. As a result, the business environment remains unpredictable.」
As the yen continued to appreciate, the Company recorded a ¥464 million foreign exchange loss and a ¥747 million decrease in the foreign currency translation adjustment account during the first quarter, and the impact of exchange rate movements is being reflected in results. - FY2019-Q3RestatedAnnual report
「The foreign exchange market remained stable.」
The Company states that the foreign exchange market remained stable and continues to draw attention to exchange rate fluctuations associated with its overseas business. - FY2019-Q2RestatedAnnual report
「In the chemical industry, although the foreign exchange market is stable, raw material prices continue to trend upward, and the business environment remains unpredictable.」
While stating that the foreign exchange market is stable, the Company continues to draw attention to the business environment, including exchange rate fluctuations associated with its overseas business. - FY2019-Q1RestatedAnnual report
「In the chemical industry, although the foreign exchange market is stable, raw material prices continue to trend upward, and the business environment is becoming more challenging.」
While stating that the foreign exchange market is stable, the Company continues to draw attention to the business environment, including the possibility of exchange rate fluctuations associated with its overseas business. - FY2018RestatedAnnual report
「As the Group expands its overseas business operations, fluctuations in foreign exchange rates are increasingly likely to adversely affect the Group’s operating results and financial condition.」
The Company continues to explicitly identify foreign exchange volatility associated with the expansion of its overseas business as a risk. - FY2018-Q3RestatedAnnual report
「In the chemical industry, although the foreign exchange market is stable with the yen depreciating, raw material prices, which had been trending downward, have risen, and the business environment is becoming more challenging.」
While stating that the foreign exchange market is stable with the yen depreciating, the Company continues its previous recognition that exchange rate movements affect the business environment. - FY2018-Q2MitigatedAnnual report
「In the chemical industry, although the foreign exchange market is stabilizing with the yen depreciating, raw material prices, which had been trending downward, have begun to rise, and the business environment is gradually becoming more challenging.」
Compared with the yen appreciation described in the previous quarter, the foreign exchange market is now stabilizing with the yen depreciating, and the deterioration on the foreign exchange front has eased. However, foreign exchange volatility itself remains a risk. - FY2018-Q1RestatedAnnual report
「In the chemical industry, raw material prices, which had been trending upward, have recently turned downward, while the foreign exchange market remains unstable. As a result, the business environment remains unpredictable.」
The Company states that the foreign exchange market remains unstable and continues to recognize that exchange rate movements affect the business environment. - FY2017-Q3RestatedAnnual report
「In the chemical industry, raw material prices, which had continued to decline, turned upward, while the foreign exchange market shifted from a trend of yen appreciation to yen depreciation. As a result, the business environment remains unpredictable.」
The Company states that the direction of exchange rates shifted from yen appreciation to yen depreciation and continues to recognize that exchange rate movements affect the business environment. - FY2017-Q2MaterialisedAnnual report
「In the chemical industry, raw material prices continued to decline, but signs of a bottom emerged. In addition, with the yen continuing to appreciate, the business environment is gradually becoming more challenging.」
With the yen continuing to appreciate, the Company recorded a ¥914 million foreign exchange loss and a ¥4,622 million decrease in the foreign currency translation adjustment account for the first half, indicating that the impact of exchange rate movements is being reflected in results. - FY2017-Q1MaterialisedAnnual report
「In the chemical industry, although raw material prices continue to decline, signs of a bottom have emerged, and with the yen also appreciating, the business environment is gradually becoming more challenging.」
As the yen appreciated, the Company recorded a ¥747 million foreign exchange loss and a ¥3,863 million decrease in the foreign currency translation adjustment account during the quarter, indicating that the impact of exchange rate movements is being reflected in results. - FY2016First statedAnnual report
「As the Group expands its overseas business operations, fluctuations in foreign exchange rates are increasingly likely to adversely affect the Group’s operating results and financial condition.」
The disclosure states that the potential adverse impact of foreign exchange fluctuations has increased as the overseas business has expanded.