Exchange-rate fluctuations affecting US dollar-denominated cloud server usage fees
First written in FY2019. 5 of 8 entries say "Worsened", first in FY2022. Latest entry: FY2024.
Hennge K.K. moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
4 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Our group pays mainly in US dollars for cloud server fees. If the yen depreciates sharply, cost of sales may increase, affecting the business and performance of our group.」
The company continues to disclose yen depreciation risk related to US dollar-denominated cloud server fees and its policy of hedging through forward exchange contracts and other measures. - FY2023WorsenedAnnual report
「Our group pays mainly in US dollars for cloud infrastructure fees. If the yen depreciates sharply, cost of sales may increase, affecting the business and performance of our group.」
The company continues to disclose yen depreciation risk related to US dollar-denominated cloud infrastructure fees. Foreign exchange losses were ¥15.652 million in FY2023, up from ¥6.515 million in FY2022. - FY2023-Q3WorsenedAnnual report
「Foreign exchange losses 6,559 15,382」
Foreign exchange losses increased from ¥6.559 million in the same period of the previous year to ¥15.382 million. The impact of yen depreciation risk related to US dollar-denominated cloud infrastructure fees continues to be quantified. - FY2023-Q2WorsenedAnnual report
「Foreign exchange losses 6,864 15,854」
Foreign exchange losses increased from ¥6.864 million in the same period of the previous year to ¥15.854 million. The impact of yen depreciation risk related to US dollar-denominated cloud infrastructure fees continues to be quantified. - FY2023-Q1WorsenedAnnual report
「Foreign exchange losses 8,250 16,579」
Foreign exchange losses increased from ¥8.250 million in the same period of the previous year to ¥16.579 million in the current quarter. The impact of yen depreciation risk related to US dollar-denominated cloud infrastructure fees has been quantified. - FY2022WorsenedAnnual report
「Our group pays mainly in US dollars for cloud infrastructure fees. If the yen depreciates sharply, cost of sales may increase, affecting the business and performance of our group.」
The company specified that a sharp depreciation of the yen could increase cost of sales for US dollar-denominated cloud infrastructure fees. Foreign exchange losses of ¥6.515 million were also recorded in the FY2022 income statement. - FY2020MitigatedAnnual report
「For the purchase of cloud server fees, our group appropriately uses forward exchange contracts and other measures to hedge the impact of that year's foreign exchange fluctuations and keep fluctuations in cost of sales within a certain range, thereby seeking to minimize the risk associated with foreign exchange fluctuations during the year.」
The company specified the use of forward exchange contracts and other measures to address foreign exchange risk on US dollar-denominated cloud server fees. - FY2019First statedAnnual report
「Cloud server fees are purchased in US dollars. If there are sharp foreign exchange fluctuations, they may affect the business and performance of our group.」
The company discloses foreign exchange risk associated with purchasing cloud server fees in a foreign currency.