Risk From Fluctuations in Foreign Exchange Rates, Share Prices and Interest Rates
First written in FY2016. 30 of 37 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2027-H1.
Rohto Pharmaceutical moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 16 of 20 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2027-H1MaterialisedAnnual report
「This was mainly due to increases of ¥10,848 million in retained earnings and ¥4,310 million in the foreign currency translation adjustment, while the acquisition of treasury shares reduced net assets by ¥2,999 million.」
The impact of foreign-exchange movements was reflected in net assets as an increase of ¥4,310 million in the foreign currency translation adjustment. - FY2026MaterialisedAnnual report
「This was mainly due to increases of ¥24,905 million in retained earnings and ¥13,550 million in total accumulated other comprehensive income.」
The foreign currency translation adjustment increased by ¥7,513 million, and the impact of foreign-exchange movements was reflected in the increase in net assets for the full fiscal year. The impact of the stronger yen on overseas operations was also disclosed. - 2026-05-13MaterialisedRevision to earnings forecast
「Foreign currency translation adjustment 5,040 8,345」
The effect of currency fluctuations was reflected in other comprehensive income as a foreign currency translation adjustment of ¥8,345 million in the current fiscal year. - FY2026-H1MaterialisedAnnual report
「This was mainly due to increases of ¥13,040 million in retained earnings and ¥2,649 million in the valuation difference on other securities, while the foreign currency translation adjustment decreased by ¥3,839 million.」
The impact of foreign-exchange movements was actually reflected in net assets as a ¥3,839 million decrease in the foreign currency translation adjustment. - FY2025-H1MaterialisedAnnual report
「During the interim consolidated accounting period, Japan's economy continued to recover moderately, centered on personal consumption, as employment and the income environment improved. However, the outlook for the economy remained uncertain amid persistent concerns about a slowdown in overseas economies, the occurrence of climate change and natural disasters, continued instability in financial markets, including foreign-exchange and share-price fluctuations, and rising domestic prices due to higher resource and material prices against the backdrop of the prolonged situation in Ukraine.」
The Company describes the instability of financial markets, including foreign-exchange and share-price fluctuations, and soaring resource prices as part of the actual business environment during the interim consolidated accounting period. - FY2024MaterialisedAnnual report
「Net assets amounted to ¥247,036 million, an increase of ¥31,957 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥25,393 million in retained earnings and ¥7,944 million in the foreign currency translation adjustment.」
The impact of foreign-exchange movements was actually reflected in net assets as an increase of ¥7,944 million in the foreign currency translation adjustment. - FY2024-Q3MaterialisedAnnual report
「This was mainly due to increases of ¥20,614 million in retained earnings and ¥8,341 million in the foreign currency translation adjustment.」
The impact of foreign-exchange movements was actually reflected in changes in net assets during the 3rd quarter cumulative period as an increase of ¥8,341 million in the foreign currency translation adjustment. - FY2024-Q2MaterialisedAnnual report
「This was mainly due to increases of ¥13,788 million in retained earnings and ¥7,285 million in the foreign currency translation adjustment.」
The impact of foreign-exchange movements was actually reflected in net assets as an increase of ¥7,285 million in the foreign currency translation adjustment. - FY2024-Q1MaterialisedAnnual report
「This was mainly due to increases of ¥6.284 billion in retained earnings and ¥2.468 billion in the foreign currency translation adjustment, among other factors.」
The impact of foreign-exchange movements was actually reflected in net assets as an increase of ¥2,468 million in the foreign currency translation adjustment. - FY2023MaterialisedAnnual report
「This was mainly due to increases of ¥21,701 million in retained earnings and ¥7,656 million in the foreign currency translation adjustment.」
Sharp foreign-exchange movements toward yen depreciation were actually reflected in net assets as a ¥7,656 million increase in the foreign currency translation adjustment. - FY2023-Q3MaterialisedAnnual report
「This was mainly due to increases of ¥16,961 million in retained earnings and ¥11,754 million in the foreign currency translation adjustment.」
The impact of foreign exchange, including sharp movements, was actually reflected in net assets as an increase of ¥11,754 million in the foreign currency translation adjustment. - FY2023-Q2MaterialisedAnnual report
「Net assets amounted to ¥205.653 billion, an increase of ¥21.658 billion from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥11.031 billion in the foreign currency translation adjustment and ¥10.796 billion in retained earnings, among other factors.」
The impact of foreign exchange, including sharp movements, was actually reflected in net assets as an increase of ¥11,031 million in the foreign currency translation adjustment. - FY2023-Q1MaterialisedAnnual report
「Overseas, revenue increased as economic activity recovered, despite higher raw material prices and sharp currency fluctuations.」
Sharp foreign-exchange movements actually occurred in the overseas business environment during the quarter. The foreign currency translation adjustment also increased by ¥5,905 million. - FY2022-Q3Shift to an increase in the foreign currency translation adjustmentAnnual report
「Valuation difference on other securities 1,518 △ 1,392 Foreign currency translation adjustment △ 1,916 4,146」
Other comprehensive income for the 3rd quarter cumulative period included an increase of ¥4,146 million in the foreign currency translation adjustment. The direction changed from a decrease in the same period of the previous year, and the impact of foreign-exchange movements was reflected in an increase in net assets. - FY2022-Q2Increase in Foreign Currency Translation AdjustmentAnnual report
「This was mainly due to increases of ¥8,133 million in retained earnings and ¥2,839 million in the foreign currency translation adjustment, while the valuation difference on other securities decreased by ¥431 million.」
At the end of the second quarter, the foreign currency translation adjustment increased by ¥2,839 million within net assets. The impact of foreign-exchange movements continued to be reflected in changes in net assets, but moved in the direction of an increase during the quarter. - FY2022-Q1MaterialisedAnnual report
「This was mainly due to increases of ¥2.108 billion in retained earnings and ¥2.787 billion in the foreign currency translation adjustment, while the valuation difference on available-for-sale securities decreased by ¥387 million, among other factors.」
The foreign currency translation adjustment increased by ¥2,787 million, and the impact of foreign-exchange movements was also reflected in changes in net assets in the first quarter. - FY2021MaterialisedAnnual report
「This was mainly due to increases of ¥13,525 million in retained earnings and ¥2,572 million in the valuation difference on other securities, while the foreign currency translation adjustment decreased by ¥445 million.」
The impact of foreign-exchange movements was reflected in changes in net assets for the full fiscal year as a ¥445 million decrease in the foreign currency translation adjustment. - FY2021-Q3MaterialisedAnnual report
「This was mainly due to increases of ¥8,071 million in retained earnings and ¥1,518 million in the valuation difference on other securities, while the foreign currency translation adjustment decreased by ¥1,878 million.」
The foreign currency translation adjustment decreased by ¥1,878 million, and the impact of foreign-exchange movements was also reflected in changes in net assets during the 3rd quarter cumulative period. - FY2021-Q2MaterialisedAnnual report
「This was mainly due to increases of ¥4,695 million in retained earnings and ¥1,122 million in the valuation difference on other securities, while the foreign currency translation adjustment decreased by ¥1,539 million.」
The foreign currency translation adjustment decreased by ¥1,539 million, and the impact of foreign-exchange movements was also reflected in changes in net assets during the 2nd quarter cumulative period. - FY2021-Q1MaterialisedAnnual report
「This was mainly due to increases of ¥454 million in retained earnings and ¥739 million in the valuation difference on other securities, while the foreign currency translation adjustment decreased by ¥1,909 million.」
The foreign currency translation adjustment decreased by ¥1,909 million, and the impact of foreign-exchange movements was also reflected in changes in net assets in the first quarter. - FY2020MaterialisedAnnual report
「This was mainly due to an increase of ¥11.995 billion in retained earnings, while the valuation difference on available-for-sale securities decreased by ¥2.135 billion and the foreign currency translation adjustment decreased by ¥1.455 billion, among other factors.」
The foreign currency translation adjustment decreased by ¥1,455 million, and the impact of foreign-exchange movements was reflected in changes in net assets for the full fiscal year. - FY2020-Q3MaterialisedAnnual report
「This was mainly due to an increase of ¥9,134 million in retained earnings, while the foreign currency translation adjustment decreased by ¥2,276 million and the valuation difference on other securities decreased by ¥930 million.」
The foreign currency translation adjustment decreased by ¥2,276 million, and the impact of foreign-exchange movements was reflected in changes in net assets. - FY2020-Q2MaterialisedAnnual report
「This was mainly due to decreases of ¥2,165 million in the foreign currency translation adjustment and ¥469 million in the valuation difference on other securities.」
The foreign currency translation adjustment decreased by ¥2,165 million, and the impact of foreign-exchange movements was reflected in changes in net assets. - FY2020-Q1MaterialisedAnnual report
「Foreign-exchange loss 2 112」
A foreign-exchange loss of ¥112 million was recorded in the first quarter, and the impact of foreign-exchange movements was reflected in results. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no material changes in unusual fluctuations in the Company's financial position, operating results or cash flows, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes from the previous fiscal year's disclosures regarding foreign-exchange, share-price and interest-rate fluctuation risks. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no material changes in unusual fluctuations in the Company's financial position, operating results or cash flows, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes from the previous fiscal year's disclosures regarding foreign-exchange, share-price and interest-rate fluctuation risks. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no material changes in unusual fluctuations in the Company's financial position, operating results or cash flows, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes from the previous fiscal year's disclosures regarding foreign-exchange, share-price and interest-rate fluctuation risks. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no material changes in unusual fluctuations in the Company's financial position, operating results or cash flows, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes from the previous fiscal year's disclosures regarding foreign-exchange, share-price and interest-rate fluctuation risks. - FY2018-Q2MaterialisedAnnual report
「Although there was an impact from foreign exchange, business progressed steadily, with ダクス・コスメティクス社 recording double-digit revenue growth.」
The Company states that its European operations were affected by foreign exchange, with foreign-exchange fluctuation risk continuing to be reflected in results. - FY2018-Q1MaterialisedAnnual report
「Although sales were affected by foreign-exchange movements, they progressed steadily on a local-currency basis.」
The Company states that its European operations were affected by foreign exchange and that the weaker pound worsened the cost ratio, with the impact of foreign-exchange movements continuing to be reflected in results. - FY2017MaterialisedAnnual report
「Overseas operations were significantly affected by the foreign-exchange translation impact of the stronger yen, in addition to the decline in revenue caused by the slowdown in the Chinese economy.」
The foreign-exchange translation impact of the stronger yen was reflected in lower overseas sales, and foreign-exchange fluctuation risk materialized over the full fiscal year. - FY2017-Q3MaterialisedAnnual report
「As a result, revenue was ¥111.422 billion, down 7.4% year on year. Autumn and winter products were firm in Japan, but overseas revenue was significantly affected by the impact of translating foreign-currency results due to the stronger yen and, in Asia, by the decline in revenue resulting from the slowdown in the Chinese economy.」
The foreign-exchange translation impact of the stronger yen was a factor behind the decline in overseas sales, and foreign-exchange fluctuation risk also materialized during the 3rd quarter cumulative period. - FY2017-Q2MaterialisedAnnual report
「Overseas sales were also significantly affected by lower revenue in Asia resulting from the slowdown in China's economy, in addition to the impact of foreign-currency translation resulting from the stronger yen.」
The foreign-exchange translation impact of the stronger yen was a factor behind the decline in overseas sales, and foreign-exchange fluctuation risk also materialized during the quarter. - FY2017-Q1MaterialisedAnnual report
「The company operated in an uncertain environment due to the yen's appreciation and falling share prices since the beginning of the year.」
The stronger yen and decline in share prices affected the economic environment and valuation differences during the quarter, and foreign-exchange and share-price fluctuation risks have materialized. - FY2016First statedAnnual report
「As the Group operates globally, fluctuations in foreign exchange rates could affect business performance and financial condition. In addition, the Group holds marketable securities and interest-bearing debt, and trends in share prices and interest rates could affect business performance and financial condition.」
In addition to foreign-exchange fluctuations associated with global operations, the Company identifies fluctuations in share prices and interest rates relating to securities and interest-bearing debt as risks.