Fluctuations in Overseas Sales Due to the Chinese Economic Slowdown and Exchange Rates
First written in FY2016-Q2. 4 of 7 entries say "Worsened", first in FY2017. Latest entry: FY2020.
Otsuka Holdings 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 2022: 124 of 167 companies on the "Worse" side.
64 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「Overseas revenue accounted for 53.6% of our group's consolidated revenue for the fiscal year ended December 2020, and a considerable portion of our group's revenue is expected to continue to arise from foreign-currency transactions overseas.」
The overseas revenue ratio increased from 50.6% in the previous period to 53.6%, further increasing exposure to foreign exchange movements. - FY2019WorsenedAnnual report
「Overseas revenue accounted for 50.6% of our group's consolidated revenue for the fiscal year ended December 2019, and a considerable portion of our group's sales is expected to continue to arise from foreign-currency transactions overseas.」
The overseas revenue ratio increased from 50.0% in the previous period to 50.6%, further increasing exposure to foreign exchange movements. - FY2018WorsenedAnnual report
「Overseas revenue accounted for 50.0% of our group's consolidated revenue for the fiscal year ended December 2018, and a considerable portion of our group's sales is expected to continue to arise from foreign-currency transactions overseas.」
The overseas revenue ratio increased from 48.5% in the previous period to 50.0%, and the impact on business performance and financial position from a sharp appreciation of the yen and the translation of the financial statements of overseas subsidiaries continues to be described as a risk. - FY2017WorsenedAnnual report
「Overseas sales accounted for 48.5% of our group's consolidated sales for the fiscal year ended December 2017, and a considerable portion of our group's sales is expected to continue to arise from foreign-currency transactions overseas.」
The overseas sales ratio increased from 47.8% in the previous period to 48.5%, and exposure to foreign exchange movements continues to be described as a risk. - FY2016RestatedAnnual report
「Overseas sales accounted for 47.8% of our group's consolidated sales for the fiscal year ended December 2016, and a considerable portion of our group's sales is expected to continue to arise from foreign-currency transactions overseas.」
Continuing to disclose the decline in sales volumes due to China's economic slowdown and foreign exchange risk associated with the high proportion of overseas sales. - FY2016-Q3RestatedAnnual report
「Although sales of Pocari Sweat 900ml, launched in China in August of the same year, continued to expand steadily, sales volumes fell below the level of the same quarter of the previous year due to the impact of China's economic slowdown.」
Continuing to disclose that China's economic slowdown affected Pocari Sweat sales volumes. The disclosure also describes fluctuations in sales and profit due to foreign exchange movements. - FY2016-Q2First statedAnnual report
「Affected by China's economic slowdown, overseas sales volumes were slightly below the level of the same quarter of the previous year.」
China's economic slowdown and foreign exchange movements have actually affected overseas product sales volumes and yen-denominated sales.