Foreign-Exchange Risk on Foreign-Currency-Denominated Trade Payables
First written in FY2017. 2 of 6 entries say "Mitigated", first in FY2019. Latest entry: FY2026.
Nippon Shinyaku moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 29 of 55 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The Group's exposure to foreign exchange risk is as follows.」
The U.S. dollar exposure increased from ¥1,972.8 million to ¥3,712.5 million, while the impact on profit before tax if the yen appreciates by 1% increased from ¥197 million to ¥371 million. - FY2025WorsenedAnnual report
「The Group's exposure to foreign exchange risk is as follows.」
The U.S. dollar exposure increased from ¥12,873 million to ¥19,728 million, and the impact on profit before tax if the yen appreciates by 1% increased from ¥128 million to ¥199 million. - FY2023RestatedAnnual report
「The company uses forward foreign exchange contracts to hedge the foreign exchange risk associated with some foreign-currency-denominated trade payables, but does not apply hedge accounting.」
The company reiterated its use of forward foreign exchange contracts to address the foreign exchange risk associated with foreign-currency-denominated liabilities. - FY2021MitigatedAnnual report
「The Group seeks to reduce the foreign exchange risk associated with foreign-currency-denominated liabilities by using forward foreign exchange contracts, among other measures.」
The company reiterated its use of forward foreign exchange contracts to address the foreign exchange risk associated with foreign-currency-denominated liabilities. - FY2019MitigatedAnnual report
「The company uses forward foreign exchange contracts to hedge the foreign exchange risk associated with some foreign-currency-denominated trade payables.」
The company uses forward foreign exchange contracts to hedge the foreign exchange risk associated with foreign-currency-denominated trade payables. - FY2017First statedAnnual report
「Foreign-currency-denominated trade payables are exposed to foreign exchange risk.」
The company described the risk arising from fluctuations in foreign exchange rates in relation to foreign-currency-denominated trade payables.