Impact on performance from exchange rate fluctuations
First written in FY2016. 10 of 35 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 73 of 159 companies on the "Worse" side.
- FY2026Direct overseas sales ratio of 30.4% and recognition of foreign exchange gainsAnnual report
「The overseas direct sales ratio was 30.4% in the fiscal year, and as the globalization of the economy advances further, expanding sales operations in overseas markets in both the photosensitive materials business and the chemicals business is positioned as essential to the businesses' further growth. As measures to address exchange rate movements, the company seeks to avoid their direct impact through risk hedging using forward foreign exchange contracts and other measures, as well as by settling in foreign currencies for raw materials imported from overseas, but rapid fluctuations in exchange rates could materially affect the company's results.」
The company disclosed an overseas direct sales ratio of 30.4% and continues to hedge through forward foreign exchange contracts and other measures. Ordinary income includes foreign exchange gains of ¥109 million. - 2026-05-08RestatedResults
「なお、業績予想については、為替レート1米ドル＝155円、中東情勢の緊迫化に伴う原材料調達の直接的な影響が、第1四半期中に一定程度収束することを前提とし、原材料価格や物流費等の高騰を、現時点で合理的に見込まれる範囲で織り込んでおります。」
為替レート155円を業績予想の前提とし、為替および国際情勢による変動可能性を残している。 - FY2026-H1MaterialisedAnnual report
「Sales of fragrance materials-related products declined year on year due to the impact of U.S. tariff measures, supply chain inventory adjustments and foreign exchange effects.」
The impact of exchange rates has emerged in actual results as a factor behind the decline in fragrance materials sales. - FY2025-H1RestatedAnnual report
「However, uncertainty about the outlook continues, owing to such factors as the risk of an economic downturn overseas resulting from the prolonged global monetary tightening and rapid exchange rate fluctuations.」
The company continues to disclose the potential impact on results from the risk of an overseas economic downturn and rapid exchange rate fluctuations. - FY2024WorsenedAnnual report
「The overseas direct sales ratio was 34.4% in the fiscal year, and as the globalization of the economy advances further, expanding sales operations in overseas markets in both the photosensitive materials business and the chemicals business, mainly the fragrance materials field, is positioned as essential to the businesses' further growth. As measures to address exchange rate movements, the company seeks to avoid their direct impact through risk hedging using forward foreign exchange contracts and other measures, as well as by settling in foreign currencies for raw materials imported from overseas, but rapid fluctuations in exchange rates could materially affect the company's results.」
The overseas direct sales ratio increased from 29.8% in the previous fiscal year to 34.4%. Although the company continues to hedge through forward foreign exchange contracts and other measures, its exposure to exchange rate movements is expanding. - FY2024-Q3MaterialisedAnnual report
「Foreign exchange gains 262 — Foreign exchange losses — 110」
Foreign exchange gains of ¥262 million in the same period of the previous year turned into foreign exchange losses of ¥110 million in the cumulative third quarter, with the negative impact of exchange rate movements becoming evident in actual results. - FY2023Decline in the overseas direct sales ratio and foreign exchange gainsAnnual report
「The overseas direct sales ratio was 29.8% in the fiscal year, and as the globalization of the economy advances further, expanding sales operations in overseas markets in both the photosensitive materials business and the chemicals business, mainly the fragrance materials field, is positioned as essential to the businesses' further growth.」
The overseas direct sales ratio declined from 31.5% in the previous fiscal year to 29.8%. The company continues to hedge through forward foreign exchange contracts and other measures, and recognized foreign exchange gains of ¥219.112 million during the fiscal year. - FY2023-Q3Increase in foreign-exchange gains due to yen depreciationAnnual report
「Foreign exchange gains 69,362 262,420」
Foreign exchange gains increased from ¥69.362 million in the same period of the previous year to ¥262.42 million, and foreign exchange gains on receivables resulting from the yen's depreciation contributed to the increase in ordinary income. - FY2023-Q2Increase in foreign-exchange gains due to yen depreciationAnnual report
「Ordinary income was ¥3,278.938 million, including foreign exchange gains on receivables resulting from the yen's depreciation (+¥918.744 million year on year, +38.9%).」
Foreign exchange gains on receivables of ¥434.648 million resulting from the yen's depreciation contributed to the increase in ordinary income. - FY2023-Q1Foreign exchange gains from the yen's depreciationAnnual report
「Non-operating income Foreign exchange gains — 329,202」
Against the backdrop of the rapid depreciation of the yen, foreign exchange gains of ¥329.202 million were recognized in the first quarter. - FY2022Increase in the overseas direct sales ratioAnnual report
「The overseas direct sales ratio was 31.5% in the fiscal year, and as the globalization of the economy advances further, expanding sales operations in overseas markets in both the photosensitive materials business and the chemicals business, mainly the fragrance materials field, is positioned as essential to the businesses' further growth.」
The company disclosed an overseas direct sales ratio of 31.5% and continues to hedge risk through forward foreign exchange contracts and other measures. - FY2022-Q3Increase in foreign-exchange gainsAnnual report
「Foreign exchange gains 69,362」
Foreign exchange losses of ¥55.942 million in the same period of the previous year turned into foreign exchange gains of ¥69.362 million in the cumulative third quarter, which were recognized. - FY2022-Q2Shift to Foreign Exchange GainAnnual report
「Foreign exchange gains 18,756」
Foreign exchange losses of ¥29.522 million in the same period of the previous year turned into foreign exchange gains of ¥18.756 million in the cumulative second quarter, which were recognized. - FY2022-Q1WorsenedAnnual report
「Foreign exchange loss 5,800 10,327」
Foreign exchange losses increased from ¥5.8 million in the same period of the previous year to ¥10.327 million in the cumulative first quarter, indicating that losses from exchange rate movements are expanding. - FY2021MitigatedAnnual report
「Direct overseas sales accounted for 30.0% of sales in the fiscal year, and the company seeks to avoid the direct effects of exchange rate fluctuations through risk hedging using forward exchange contracts and other instruments, as well as by settling payments for raw materials imported from overseas in foreign currencies.」
The direct overseas sales ratio declined from 35.2% in the previous fiscal year to 30.0%, while the company continued its hedging measures, including forward exchange contracts. Other operating income included a foreign exchange gain of ¥49,154 thousand. - FY2021-Q3WorsenedAnnual report
「Foreign exchange loss 41,637 55,942」
The foreign exchange loss increased from ¥41,637 thousand in the same period of the previous year to ¥55,942 thousand for the cumulative nine-month period, indicating that losses from foreign exchange fluctuations have expanded. - FY2021-Q2Lower Foreign Exchange LossesAnnual report
「Foreign exchange loss 51,623 29,522」
The foreign exchange loss declined from ¥51,623 thousand in the same period of the previous year to ¥29,522 thousand for the cumulative six-month period. - FY2021-Q1Lower Foreign Exchange LossesAnnual report
「Foreign exchange loss 48,416 5,800」
The foreign exchange loss declined from ¥48,416 thousand in the same period of the previous year to ¥5,800 thousand in the first quarter. - FY2020RaisedAnnual report
「Direct overseas sales accounted for 35.2% of sales in the fiscal year, and as economic globalization continues to advance, expanding business operations in overseas markets in both the photosensitive materials business and the chemicals business, mainly fragrance materials, is regarded as essential to the further development of these businesses. From this perspective, the export ratio may continue to rise. To address fluctuations in exchange rates, the company seeks to avoid their direct effects through risk hedging using forward exchange contracts and other instruments, as well as by settling payments for raw materials imported from overseas in foreign currencies, but sharp fluctuations in exchange rates may have a material effect on the company's business performance.」
The direct overseas sales ratio rose from 32.34% in the previous fiscal year to 35.2%. While the company continued its hedging measures, including forward exchange contracts, it also recognized a foreign exchange loss of ¥56,329 thousand in the fiscal year. - FY2020-Q3MaterialisedAnnual report
「Foreign exchange loss 41,637」
The result changed from a foreign exchange gain in the same period of the previous year to a foreign exchange loss of ¥41,637 thousand for the cumulative nine-month period. - FY2020-Q2MaterialisedAnnual report
「Foreign exchange loss 51,623」
The result changed from a foreign exchange gain in the same period of the previous year to a foreign exchange loss of ¥51,623 thousand for the cumulative six-month period. - FY2020-Q1MaterialisedAnnual report
「Foreign exchange loss 48,416」
The result changed from a foreign exchange gain of ¥50,345 thousand in the same period of the previous year to a foreign exchange loss of ¥48,416 thousand for the cumulative first-quarter period. - FY2019MitigatedAnnual report
「Direct overseas sales accounted for 32.34% of sales in the fiscal year, and as economic globalization continues to advance, expanding business operations in overseas markets in both the photosensitive materials business and the chemicals business, mainly fragrance materials, is regarded as essential to the further development of these businesses. From this perspective, the export ratio may continue to rise. To address fluctuations in exchange rates, the company seeks to avoid their direct effects through risk hedging using forward exchange contracts and other instruments, as well as by settling payments for raw materials imported from overseas in foreign currencies, but sharp fluctuations in exchange rates may affect the company's business performance.」
The company reports a 32.34% direct overseas sales ratio and explicitly identifies risk hedging through forward exchange contracts and other instruments and foreign-currency settlement for imported raw materials as measures to address foreign exchange fluctuations. - FY2019-Q3Increase in Foreign-Exchange GainAnnual report
「Foreign exchange gain 31,098」
The foreign exchange gain for the cumulative nine-month period was ¥31,098 thousand, up from ¥20,595 thousand in the same period of the previous year. - FY2019-Q2Increase in foreign-exchange gainsAnnual report
「Foreign exchange gain 71,784」
The foreign exchange gain for the cumulative six-month period was ¥71,784 thousand, up from ¥14,452 thousand in the same period of the previous year. - FY2019-Q1Increase in foreign-exchange gainsAnnual report
「Foreign exchange gain 50,345」
The foreign exchange gain increased from ¥9,499 thousand in the same period of the previous year to ¥50,345 thousand in the first quarter. - FY2018MaterialisedAnnual report
「As the yen appreciated in the fourth quarter, the result reversed, and a foreign exchange loss of ¥66,181 thousand, mainly arising from foreign-currency-denominated trade receivables, was recognized for the full year」
The result reversed from a foreign exchange gain for the cumulative nine-month period, and a foreign exchange loss of ¥66,181 thousand was recognized for the full year due to the yen's appreciation in the fourth quarter. - FY2018-Q3Increase in Foreign-Exchange GainAnnual report
「Foreign exchange gain 20,595」
The foreign exchange gain, which changed from a loss in the same period of the previous year, increased from ¥14,452 thousand for the cumulative six-month period to ¥20,595 thousand for the cumulative nine-month period. - FY2018-Q2Continued foreign-exchange gainsAnnual report
「Foreign exchange gain 14,452」
The result changed from a foreign exchange loss in the same period of the previous year, and a foreign exchange gain of ¥14,452 thousand was recognized for the cumulative six-month period. - FY2018-Q1Change in the direction of foreign exchange impactsAnnual report
「Foreign exchange gain 9,499」
The result changed from a foreign exchange loss in the same period of the previous year to a foreign exchange gain in the current quarter, quantifying the impact of foreign exchange fluctuations. - FY2017MaterialisedAnnual report
「Both sales and production volumes increased steadily, but sales rose only slightly year on year due to the effects of the stronger yen, while profit declined year on year due to the effects of foreign exchange, one-time expenses and expenses for strengthening functions.」
The effects of the stronger yen and foreign exchange were reflected in full-year sales and profit, with sales up just 1.5% year on year, operating profit down 45.4%, ordinary profit down 40.1% and net income down 50.2%. - FY2017-Q3MaterialisedAnnual report
「Sales were roughly in line with the previous fiscal year due to the effects of the stronger yen, while profit declined due to the effects of foreign exchange, one-time expenses and expenses for strengthening functions.」
The effects of the stronger yen were reflected in sales and profit, and a foreign exchange loss of ¥80,349 thousand was recognized in the income statement for the cumulative nine-month period. - FY2017-Q2MaterialisedAnnual report
「The sharp appreciation of the yen affected corporate performance, while the economy continued to stagnate due in part to sluggish personal consumption. Foreign exchange loss: ¥132,530 thousand」
The impact of the sharp appreciation of the yen was also described for the second quarter, and a foreign exchange loss of ¥132,530 thousand was recognized in the income statement. - FY2017-Q1MaterialisedAnnual report
「Meanwhile, although employment and income conditions in Japan remained firm, the economy continued to stagnate due in part to the effects of a sharp appreciation of the yen on corporate performance and sluggish personal consumption.」
The company states that the sharp appreciation of the yen affected corporate performance and recognized a foreign exchange loss of ¥129,306 thousand in the income statement. - FY2016First statedAnnual report
「Direct overseas sales accounted for 38.4% of sales in the fiscal year, and as economic globalization continues to advance, expanding business operations in overseas markets in both the photosensitive materials business and the chemicals business, mainly fragrance materials, is regarded as essential to the further development of these businesses.」
The company describes the potential effects of higher export exposure and foreign exchange fluctuations against a backdrop of a 38.4% direct overseas sales ratio.