Impact of Swiss franc appreciation on sales of overseas products
First written in FY2016. 10 of 29 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-08-06.
Zeria Pharmaceutical moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2024: 9 of 22 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-08-06WorsenedEarnings
「一方、ユーロ、英ポンドなどの欧州通貨に対するスイスフラン高の進行などに伴い為替差損が発生したことから、経常利益は14億32百万円（前年同四半期比13.8％減）」
スイスフラン高の進行に伴う為替差損が発生し、経常利益の減少要因となった。 - FY2026WorsenedAnnual report
「While foreign exchange gains were recorded in the previous fiscal year, ordinary profit amounted to ¥11,043 million, down 14.0% year on year, due in part to the shift to foreign exchange losses in the current fiscal year.」
The impact shifted from foreign exchange gains in the previous fiscal year to foreign exchange losses in the current fiscal year, becoming a factor behind the decline in ordinary profit. The consolidated income statement records foreign exchange losses of ¥1,356,089 thousand. - 2026-05-08WorsenedEarnings
「While foreign exchange gains were recorded in the previous fiscal year, ordinary profit amounted to ¥11,043 million, down 14.0% year on year, due in part to the shift to foreign exchange losses in the current fiscal year.」
為替差益から為替差損へ転じ、経常利益の減少要因となった。 - FY2026-H1WorsenedAnnual report
「Although substantial foreign exchange gains of approximately ¥1.3 billion were recorded in the previous fiscal year, ordinary profit amounted to ¥2,656 million, down 66.6% year on year, because the current fiscal year saw a shift to foreign exchange losses of approximately ¥1 billion.」
The impact shifted from substantial foreign exchange gains in the same interim period of the previous year to foreign exchange losses of approximately ¥1 billion in the current interim consolidated accounting period, becoming a factor behind the decline in ordinary profit. - FY2025Continued expansion of foreign exchange gainsAnnual report
「While substantial foreign exchange losses were recorded in the previous fiscal year, ordinary profit amounted to ¥12,840 million, up 50.8% year on year, due in part to the shift to foreign exchange gains in the current fiscal year.」
The impact shifted from foreign exchange losses caused by the appreciation of the Swiss franc and other factors in the previous fiscal year to foreign exchange gains in the current fiscal year, becoming a factor behind the increase in ordinary profit. - FY2025-H1Increase in foreign exchange gainsAnnual report
「The increase in ordinary profit and below was attributable to higher sales and substantial foreign exchange gains resulting from the depreciation of the Swiss franc against European currencies such as the euro and pound sterling.」
The impact continued to shift from foreign exchange losses caused by the appreciation of the Swiss franc through the previous fiscal year to substantial foreign exchange gains resulting from its depreciation, becoming a factor behind the increase in ordinary profit and below. - FY2024-Q2Shift from foreign exchange losses to small foreign exchange gainsAnnual report
「Ordinary profit and below amounted to ordinary profit of ¥5,495 million, up 6.1% year on year, and quarterly net income attributable to owners of the parent of ¥5,396 million, up 35.0% year on year, due mainly to the shift from substantial foreign exchange losses in the previous fiscal year, caused by the rapid appreciation of the Swiss franc, to a small foreign exchange gain in the current fiscal year, as well as the recognition of a reversal of the provision for losses on contract termination as extraordinary income.」
The direction of the foreign exchange impact reversed from substantial foreign exchange losses caused by the appreciation of the Swiss franc in the previous fiscal year to a small foreign exchange gain in the six months ended the second quarter of the current fiscal year. - FY2024-Q1Shift from foreign-exchange loss to foreign-exchange gainAnnual report
「Ordinary profit and below amounted to ordinary profit of ¥3,355 million, up 12.8% year on year, and quarterly net income attributable to owners of the parent of ¥2,915 million, up 12.1% year on year, due mainly to foreign exchange gains recorded in the current fiscal year, compared with foreign exchange losses recorded in the previous fiscal year as the Swiss franc appreciated rapidly.」
The direction of the foreign exchange impact reversed from foreign exchange losses caused by the appreciation of the Swiss franc in the previous fiscal year to foreign exchange gains recorded in the current fiscal year. - FY2023-Q3WorsenedAnnual report
「There is a substantial difference between the year-on-year growth rates of operating profit and ordinary profit, because foreign exchange gains were recorded in the previous fiscal year, whereas substantial foreign exchange losses were recorded by overseas subsidiaries in the current fiscal year due to the rapid appreciation of the Swiss franc.」
Due to the rapid appreciation of the Swiss franc, an overseas subsidiary recorded foreign exchange losses of ¥1,628.11 million, which became a factor behind the decline in ordinary profit. - FY2023-Q2WorsenedAnnual report
「There is a substantial difference between the year-on-year growth rates of operating profit and ordinary profit, because foreign exchange gains were recorded in the previous fiscal year, whereas substantial foreign exchange losses were recorded in the current fiscal year due to the rapid appreciation of the Swiss franc.」
Whereas foreign exchange gains were recorded in the previous fiscal year, substantial foreign exchange losses were recorded in the current fiscal year due to the rapid appreciation of the Swiss franc, indicating that the foreign exchange impact moved in a negative direction. - FY2023-Q1Reversal from a foreign-exchange gain to a lossAnnual report
「There is a substantial difference between the year-on-year growth rates of operating profit and ordinary profit, because substantial foreign exchange gains were recorded in the same quarter of the previous year.」
While substantial foreign exchange gains were recorded in the same quarter of the previous year, foreign exchange losses of ¥103 million were recorded in the current quarter, reversing the direction of the foreign exchange impact. - FY2022-Q2RestatedAnnual report
「The increase in ordinary profit and below was attributable to higher sales and substantial foreign exchange gains resulting from the depreciation of the Swiss franc against European currencies such as the pound sterling and euro.」
The shift from foreign exchange losses caused by the appreciation of the Swiss franc through the previous fiscal year to foreign exchange gains resulting from its depreciation has continued. - FY2022-Q1Reversal in foreign exchange effectsAnnual report
「The increase in ordinary profit and below was attributable to higher sales and substantial foreign exchange gains resulting from the depreciation of the Swiss franc against European currencies such as the pound sterling and euro.」
Whereas foreign exchange losses caused by the appreciation of the Swiss franc had weighed on profit through the previous fiscal year, substantial foreign exchange gains arose in the current quarter as the Swiss franc depreciated. - FY2021-Q2RestatedAnnual report
「Profit consisted of operating profit of ¥1,598 million, down 8.1% year on year, and ordinary profit of ¥1,307 million, down 19.7% year on year, due to foreign exchange losses resulting from the continued appreciation of the Swiss franc.」
Foreign exchange losses resulting from the continued appreciation of the Swiss franc persisted and became a factor behind the decline in ordinary profit. - FY2021-Q1WorsenedAnnual report
「Revenue for the three-month cumulative period of the fiscal year was ¥13,331 million, down 11.8% year on year. Operating profit was ¥1,060 million, down 20.3% year on year, while ordinary profit was ¥634 million, down 59.3%, due to foreign exchange losses resulting from the appreciation of the Swiss franc.」
Foreign exchange losses resulting from the appreciation of the Swiss franc continued to arise, and ordinary profit declined 59.3% year on year. - FY2020MaterialisedAnnual report
「In the pharmaceutical industry, prescription drug prices were revised twice within a short period, in October 2019 and April 2020, while the use of generic drugs continued to be strongly promoted as part of measures to contain healthcare costs. The OTC drug market also remained in a difficult environment as intensifying market competition, the consumption tax increase and restrictions on going out associated with the spread of COVID-19 depressed consumer sentiment.」
The deterioration in consumer sentiment caused by the spread of COVID-19 and restrictions on going out is described as an actual business-environment factor, adding to the existing uncertainty in the overseas economy. - FY2020-Q3Concerns following the consumption tax increase explicitly identifiedAnnual report
「During the nine-month cumulative period of the fiscal year, Japan's economy remained on a moderate recovery trend, supported by improving employment and income conditions, but heightened attention remained necessary regarding consumer sentiment following the consumption tax increase, the future course of trade issues, geopolitical risks and economic trends overseas, including in China.」
Consumer sentiment following the consumption tax increase is explicitly identified as a factor requiring attention, in addition to the existing factors of trade issues, geopolitical risks and economic trends overseas, including in China. - FY2020-Q2Expansion of risk factorsAnnual report
「During the six-month cumulative period of the fiscal year, Japan's economy continued on a moderate recovery trend, supported by improving employment and income conditions, but heightened attention remained necessary regarding the future course of trade issues, geopolitical risks and economic trends overseas, including in China.」
Geopolitical risks are explicitly identified alongside the existing factors of trade issues and economic trends overseas, including in China, as sources of uncertainty in the overseas economy. - FY2020-Q1Update on uncertainty factors affecting the overseas economyAnnual report
「During the three-month cumulative period of the fiscal year, Japan's economy continued on a moderate recovery trend, supported by improving employment and income conditions, but heightened attention remained necessary regarding the future course of trade issues, developments surrounding the UK's withdrawal from the EU and economic trends overseas, including in China.」
Trade issues, the UK's withdrawal from the EU and economic trends overseas, including in China, continue to be cited as factors requiring attention regarding risks in the overseas economy. - FY2019WorsenedAnnual report
「Operating profit was ¥3,737 million, down 22.6% year on year, while ordinary profit was ¥3,295 million, down 35.2%, due to foreign exchange losses resulting from the appreciation of the Swiss franc.」
Foreign exchange losses resulting from the appreciation of the Swiss franc weighed on full-year ordinary profit, and the impact of exchange rates continued. - FY2019-Q3MaterialisedAnnual report
「Ordinary profit was ¥2,819 million, down 42.3% year on year, due to foreign exchange losses resulting from the appreciation of the Swiss franc.」
Foreign exchange losses actually arose as the Swiss franc appreciated, becoming a factor behind the decline in ordinary profit. - FY2019-Q2WorsenedAnnual report
「Ordinary profit was ¥1,914 million, down 24.5% year on year, due to foreign exchange losses resulting from the stronger Swiss franc.」
Foreign exchange losses resulting from the stronger Swiss franc were explicitly identified as a factor behind the decline in ordinary profit, with foreign exchange losses for the six-month cumulative period amounting to ¥246 million. - FY2019-Q1MaterialisedAnnual report
「Overseas operations also struggled because of lower sales in some regions and the impact of the stronger Swiss franc.」
The stronger Swiss franc actually affected Acofide's overseas performance and, together with lower sales in some regions, became a factor behind the difficult results. - FY2018-Q2RestatedAnnual report
「During the six-month cumulative period of the fiscal year, Japan's economy generally remained on a moderate recovery trend, supported by improving employment conditions and a recovery in personal consumption, despite concerns including heightened political tensions on the Korean Peninsula.」
Concerns overseas, including political tensions on the Korean Peninsula, continue to be described. - FY2017RestatedAnnual report
「Uncertainty increased regarding the impact of overseas political and economic developments, including the slowdown in emerging economies such as China, the rise of protectionism represented by the UK's withdrawal from the EU and the inauguration of the Trump administration, and heightened political tensions on the Korean Peninsula, on the outlook for financial markets, including stock and foreign exchange markets, and on corporate performance.」
Overseas political and economic uncertainty and volatility in financial markets continue to be risks in the external environment. - FY2017-Q3RestatedAnnual report
「During the nine-month cumulative period of the fiscal year, Japan's economy generally remained on a moderate recovery trend, supported by steady improvements in employment and income conditions, although financial markets, including stock and foreign exchange markets, experienced periods of significant volatility amid heightened political and economic uncertainty overseas, including the UK's withdrawal from the EU, the US presidential election and the slowdown in China's economy.」
Overseas political and economic uncertainty and volatility in financial markets continue to be cited as risks in the external environment. - FY2017-Q2RestatedAnnual report
「The overseas economy remained uncertain due to increased uncertainty surrounding the overseas economy, including issues surrounding the UK's withdrawal from the EU, and the appreciation of the yen.」
Uncertainty in the overseas economy and the appreciation of the yen continue to be cited as factors contributing to the uncertain outlook. - FY2017-Q1WorsenedAnnual report
「The overseas economy remained uncertain due to increased uncertainty in emerging Asian economies, including China, issues surrounding the UK's withdrawal from the EU and the appreciation of the yen.」
Increased uncertainty in the overseas economy and the appreciation of the yen are newly identified as risks in the external environment. - FY2016MaterialisedAnnual report
「Overall sales remained flat because of the impact of the stronger Swiss franc following the Swiss National Bank's abolition last January of the Swiss franc/euro exchange-rate floor for overseas transactions.」
The company's results state that Acofide's overseas sales were affected by exchange rates.