Foreign Exchange Risk Associated with a High Proportion of Overseas Sales
First written in FY2016. 15 of 36 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2026.
Fujikura Kasei moved to the "Worse" side of this theme in 2016, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 29 of 63 companies on the "Worse" side.
22 other companies' latest entry also says "Other".
- FY2026Foreign exchange losses recorded despite the lower overseas sales ratioAnnual report
「The overseas sales ratio of the Group remained high, at 51.3% for the fiscal year ended March 2024, 51.6% for the fiscal year ended March 2025 and 46.6% for the fiscal year ending March 2026. Depending on foreign exchange movements, this may affect the Group’s operating results and financial position.」
The overseas sales ratio declined from 51.6% to 46.6%, while the current fiscal year saw foreign exchange losses of ¥116.068 million, a shift from the previous year’s foreign exchange gains. - 2026-05-14WorsenedRevision of earnings forecasts
「Foreign exchange loss ¥116,068 thousand」
The company swung from a foreign exchange gain in the previous year to a foreign exchange loss in the current year, indicating a deterioration in the earnings impact of currency movements. - FY2026-H1WorsenedAnnual report
「Non-operating income Foreign exchange gains 57,180 - Non-operating expenses Foreign exchange losses - 138,347」
The result shifted from foreign exchange gains of ¥57.18 million in the same period of the previous year to foreign exchange losses of ¥138.35 million in the current interim consolidated accounting period, with the impact of foreign exchange movements associated with the overseas business worsening. - FY2025Foreign exchange gains recorded despite the increase in the overseas sales ratioAnnual report
「The overseas sales ratio of the Group remained high, at 48.7% for the fiscal year ended March 2023, 51.3% for the fiscal year ended March 2024 and 51.6% for the fiscal year ended March 2025. Depending on foreign exchange movements, this may affect the Group’s operating results and financial position.」
The overseas sales ratio rose from 51.3% to 51.6%, and foreign exchange exposure continued and expanded. Meanwhile, foreign exchange gains of ¥236 million were recorded in the current fiscal year. - FY2025-H1Shift from foreign-exchange loss to foreign-exchange gainAnnual report
「Non-operating income Foreign exchange gains - 57,180 Non-operating expenses Foreign exchange losses 61,997 -」
The result shifted from foreign exchange losses of ¥61.997 million in the same period of the previous year to foreign exchange gains of ¥57.18 million in the current interim consolidated accounting period. The overseas business itself remains exposed to foreign exchange risk. - FY2024WorsenedAnnual report
「The overseas sales ratio of the Group remained high, at 42.6% for the fiscal year ended March 2022, 48.7% for the fiscal year ended March 2023 and 51.3% for the fiscal year ended March 2024. Depending on foreign exchange movements, this may affect the Group’s operating results and financial position.」
The overseas sales ratio rose from 48.7% to 51.3%, expanding exposure to foreign exchange movements. - FY2024-Q3WorsenedAnnual report
「Foreign exchange losses 44,415 79,452」
Foreign exchange losses increased from ¥44.415 million in the same period of the previous year to ¥79.452 million, expanding the impact of foreign exchange movements associated with the overseas business on profit and loss. - FY2024-Q2WorsenedAnnual report
「Non-operating income Foreign exchange gains 12,206 - Non-operating expenses Foreign exchange losses - 61,997」
The result shifted from foreign exchange gains of ¥12.206 million in the same period of the previous year to foreign exchange losses of ¥61.997 million in the cumulative second quarter, with the impact of foreign exchange movements associated with the overseas business worsening. - FY2024-Q1WorsenedAnnual report
「Non-operating income Foreign exchange gains 3,550 - Non-operating expenses Foreign exchange losses - 8,574」
The result shifted from foreign exchange gains of ¥3.55 million in the same period of the previous year to foreign exchange losses of ¥8.574 million in the current quarter, with the impact of foreign exchange movements associated with the overseas business worsening. - FY2023WorsenedAnnual report
「The overseas sales ratio of the Group remained high, at 45.7% for the fiscal year ended March 2021, 42.6% for the fiscal year ended March 2022 and 48.7% for the fiscal year ended March 2023. Depending on foreign exchange movements, this may affect the Group’s operating results and financial position.」
The overseas sales ratio rose from 42.6% to 48.7%, expanding the Group’s foreign exchange exposure associated with overseas sales. Foreign exchange losses of ¥104.779 million were also recorded. - FY2023-Q3WorsenedAnnual report
「Non-operating expenses Foreign exchange losses 10,021 44,415」
Foreign exchange losses increased from ¥10.021 million in the same period of the previous year to ¥44.415 million, expanding the impact of foreign exchange movements associated with the overseas business on profit and loss. - FY2023-Q2RestatedAnnual report
「Foreign exchange gains - 12,206」
Foreign exchange gains, which changed from foreign exchange losses in the same period of the previous year, were recorded in the current quarter as well. The overseas business remains exposed to foreign exchange risk. - FY2023-Q1Shift from foreign-exchange loss to foreign-exchange gainAnnual report
「Non-operating income Foreign exchange gains - 3,550 Non-operating expenses Foreign exchange losses 21,604 -」
The result shifted from foreign exchange losses of ¥21.604 million in the same period of the previous year to foreign exchange gains of ¥3.55 million in the cumulative first quarter. The overseas business remains exposed to foreign exchange risk. - FY2022-Q3Shift from foreign exchange gains to foreign exchange lossesAnnual report
「Non-operating income Foreign exchange gains 125,115 － Non-operating expenses Foreign exchange losses － 10,021」
The result shifted from foreign exchange gains of ¥125.115 million in the same period of the previous year to foreign exchange losses of ¥10.021 million in the cumulative third quarter. The overseas business remains exposed to foreign exchange risk. - FY2022-Q2Continued shift from foreign exchange gains to foreign exchange lossesAnnual report
「Non-operating income Foreign exchange gains 129,042 － Non-operating expenses Foreign exchange losses － 40,666」
The result shifted from foreign exchange gains of ¥129 million in the same period of the previous year to foreign exchange losses of ¥41 million in the cumulative second quarter. The overseas business remains exposed to foreign exchange risk. - FY2022-Q1Shift from foreign exchange gains to foreign exchange lossesAnnual report
「Non-operating income Foreign exchange gains 160,930 - Non-operating expenses Foreign exchange losses - 21,604」
The result shifted from foreign exchange gains of ¥160.93 million in the same period of the previous year to foreign exchange losses of ¥21.604 million in the current quarter. The overseas business remains exposed to foreign exchange risk. - FY2021RestatedAnnual report
「The overseas sales ratio of the Group remained high, at 46.6% for the fiscal year ended March 2019, 45.8% for the fiscal year ended March 2020 and 45.7% for the fiscal year ended March 2021. Depending on foreign exchange movements, this may affect the Group’s operating results and financial position.」
The overseas sales ratio remained high at 45.7%, and the possibility that foreign exchange movements could affect operating results and financial position continues to be disclosed. - FY2021-Q3RestatedAnnual report
「Foreign exchange gains - 125,115」
Foreign exchange gains were ¥125.115 million in the current period, compared with foreign exchange losses of ¥77.753 million in the same period of the previous year. Foreign exchange gains were recorded for the second consecutive quarter, although the overseas business remains exposed to foreign exchange risk. - FY2021-Q2Foreign exchange gains continuedAnnual report
「Foreign exchange gains - 129,042」
Foreign exchange gains were ¥129.042 million in the current period, compared with foreign exchange losses of ¥53.743 million in the same period of the previous year. Gains continued for the second consecutive quarter, although the overseas business remains exposed to foreign exchange risk. - FY2021-Q1Shift from foreign-exchange loss to foreign-exchange gainAnnual report
「Foreign exchange gains - 160,930」
In the first quarter, the Company moved from foreign exchange losses of ¥38.442 million in the corresponding period of the previous year to foreign exchange gains of ¥160.93 million. The foreign currency translation adjustment decreased, while the overseas business's foreign exchange exposure itself continued. - FY2020WorsenedAnnual report
「The financial statements of the Group's overseas subsidiaries are prepared in foreign currencies and translated into yen when the consolidated financial statements are prepared, leaving the Group exposed to the effects of foreign exchange fluctuations. The Group enters into foreign exchange forward contracts and takes other measures as necessary to hedge this risk, but these measures do not completely eliminate it. The Group's overseas sales ratio remained high, at 49.2% for the fiscal year ended March 2018, 46.6% for the fiscal year ended March 2019 and 45.8% for the fiscal year ended March 2020, and depending on foreign exchange movements, the Group's operating performance and financial condition may be affected.」
The overseas sales ratio declined to 45.8% but remained high. While the Group entered into foreign exchange forward contracts, foreign exchange losses increased to ¥130 million from ¥64.07 million in the previous fiscal year. - FY2020-Q3WorsenedAnnual report
「Foreign exchange losses 69,951 77,753」
Foreign exchange losses increased from ¥69.951 million in the corresponding period of the previous year to ¥77.753 million, increasing the impact of foreign exchange fluctuations on earnings. - FY2020-Q2WorsenedAnnual report
「Foreign exchange losses 23,132 53,743」
Foreign exchange losses increased from ¥23.132 million in the corresponding period of the previous year to ¥53.743 million, increasing the impact of foreign exchange fluctuations on earnings. - FY2020-Q1WorsenedAnnual report
「Foreign exchange losses 17,249 38,442」
Foreign exchange losses increased from ¥17.249 million in the corresponding period of the previous year to ¥38.442 million, increasing the impact of foreign exchange fluctuations on earnings. - FY2019WorsenedAnnual report
「The Group's overseas sales ratio remained high, at 49.7% for the fiscal year ended March 2017, 49.2% for the fiscal year ended March 2018 and 46.6% for the fiscal year ended March 2019, leaving the Group exposed to the effects of foreign exchange fluctuations. However, because a high proportion of sales between Southeast Asian countries, principally China and South Korea, is settled in yen, the transactions are denominated in yen. At the same time, foreign-currency-denominated transactions settled by subsidiaries have been increasing, and depending on foreign exchange movements, the Group's operating performance and financial condition may be affected. Non-operating expenses increased by ¥48 million, or 42.1%, from the end of the previous consolidated fiscal year to ¥163 million. This was mainly due to an increase in foreign exchange losses.」
The overseas sales ratio declined to 46.6%, but foreign-currency-denominated settlements increased. Foreign exchange losses increased from ¥16.756 million in the previous fiscal year to ¥64.073 million, and the impact materialized in actual results. - FY2019-Q3WorsenedAnnual report
「Foreign exchange losses 4,027 69,951」
Foreign exchange losses increased from ¥4.027 million in the corresponding period of the previous year to ¥69.951 million, increasing the impact of foreign exchange fluctuations on earnings. - FY2019-Q2WorsenedAnnual report
「Foreign exchange losses 14,520 23,132」
Foreign exchange losses increased from ¥14.52 million in the corresponding period of the previous year to ¥23.132 million, increasing the impact of foreign exchange fluctuations on earnings. - FY2019-Q1MitigatedAnnual report
「Foreign exchange losses 29,194 17,249」
Foreign exchange losses decreased from ¥29.194 million in the corresponding period of the previous year to ¥17.249 million, reducing the impact of foreign exchange fluctuations on earnings year on year. - FY2018-Q3MitigatedAnnual report
「Foreign exchange losses 77,413 4,027」
Foreign exchange losses decreased from ¥77.413 million in the corresponding period of the previous year to ¥4.027 million, reducing the impact of foreign exchange fluctuations on earnings year on year. - FY2018-Q2Foreign exchange losses decreased year on yearAnnual report
「Foreign exchange losses 146,118 14,520」
Foreign exchange losses decreased from ¥146.118 million in the corresponding period of the previous year to ¥14.52 million. The impact of foreign exchange fluctuations on earnings continued to be recorded. - FY2018-Q1MaterialisedAnnual report
「In the Coatings segment, which handles coatings for plastics, including Recrack and Fujihard, demand in Japan remained firm. Overseas, however, revenue at the U.K. subsidiary Fujichem Sonneborn declined, partly because its performance was affected by the weaker pound, and segment revenue fell below the level of the corresponding period of the previous year.」
The effects of the weaker pound were reflected in operating performance as lower revenue at the U.K. subsidiary, and foreign exchange risk materialized in the quarter. - FY2017ReframedAnnual report
「The Group's overseas sales ratio remained high, at 56.9% for the fiscal year ended March 2015, 57.2% for the fiscal year ended March 2016 and 49.7% for the fiscal year ended March 2017, leaving the Group exposed to the effects of foreign exchange fluctuations. However, because a high proportion of sales between Southeast Asian countries, principally China and South Korea, is settled in yen, the transactions are denominated in yen. At the same time, foreign-currency-denominated transactions settled by subsidiaries have been increasing, and depending on foreign exchange movements, the Group's operating performance and financial condition may be affected.」
The overseas sales ratio declined from 57.2% to 49.7%. The Company added an explanation of yen-denominated settlements, while noting that foreign-currency-denominated settlement transactions by subsidiaries were increasing. - FY2017-Q3MaterialisedAnnual report
「In the core automotive market, demand in Japan remained broadly flat compared with the corresponding period of the previous year. Overseas, however, revenue declined at Red Spot, the Group's U.S. consolidated subsidiary, partly because its performance was affected by foreign exchange rates.」
The effects of foreign exchange rates were reflected in operating performance as lower revenue at the U.S. consolidated subsidiary. - FY2017-Q2MaterialisedAnnual report
「Foreign exchange losses 128,234 146,118」
The Company recorded foreign exchange losses of ¥146 million for the six months ended the second quarter, and the effects of foreign exchange fluctuations were reflected in earnings. - FY2017-Q1MaterialisedAnnual report
「Non-operating expenses Foreign exchange losses 66,062 58,748」
The Company recorded foreign exchange losses of ¥58.748 million during the quarter, and the effects of foreign exchange fluctuations were reflected in earnings. - FY2016First statedAnnual report
「The Group's overseas sales ratio remained high, at 56.3% for the fiscal year ended March 2014, 56.9% for the fiscal year ended March 2015 and 57.2% for the fiscal year ended March 2016, leaving the Group exposed to the effects of foreign exchange fluctuations.」
The Company presented the overseas sales ratio for 3 fiscal years and stated that foreign exchange fluctuations could affect operating performance and financial condition.