Impact of rapid yen appreciation on corporate earnings
First written in FY2017-Q1. 9 of 24 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Foreign exchange gain 781」
A foreign exchange loss recorded in the previous fiscal year turned into a foreign exchange gain of ¥781 million in the fiscal year under review, mitigating the impact of losses from exchange-rate movements in the period's earnings. - FY2025WorsenedAnnual report
「Foreign exchange loss - 2,936」
A foreign exchange loss of ¥2,936 million was recorded in the consolidated fiscal year under review, making the impact of losses from exchange-rate movements apparent in the results. - FY2025-H1WorsenedAnnual report
「Foreign exchange gain 486 - Foreign exchange loss - 1,436」
A foreign exchange gain of ¥486 million in the previous interim consolidated accounting period turned into a foreign exchange loss of ¥1,436 million in the interim consolidated accounting period under review, making the adverse impact of exchange-rate movements apparent. - FY2024-Q3RestatedAnnual report
「Although the yen remained on a depreciating trend as a result of these factors, total overseas sales were below the same period of the previous year.」
The company explains that total overseas sales fell below the same period of the previous year despite the continuing yen depreciation, reconfirming the impact of the external environment, including exchange-rate movements. - FY2024-Q2RestatedAnnual report
「However, the economy remained unstable due to accelerating inflation resulting from the prolonged situation in Ukraine, the impact of sharp exchange-rate fluctuations, global monetary tightening, and signs of a slowdown in the Chinese economy.」
Sharp exchange-rate fluctuations have been reconfirmed as a factor destabilizing the economy, alongside the situation in Ukraine, inflation, monetary tightening, and signs of a slowdown in the Chinese economy. - FY2024-Q1RestatedAnnual report
「However, the economic outlook remained uncertain amid the prolonged situation in Ukraine, surging raw material and energy prices, and rising prices resulting from the depreciation of the yen.」
The company continues to describe uncertainty in the exchange-rate environment, including rising prices resulting from the depreciation of the yen. - FY2023RestatedAnnual report
「In addition to uncertainty stemming from the situation in Ukraine, the rapid depreciation of the yen caused energy costs and raw material prices to surge, and the situation remained one requiring attention to the impact of rising prices on household budgets and supply-side constraints.」
Exchange-rate movements, including the rapid depreciation of the yen, are cited alongside rising energy costs and raw material prices as concerns in the external environment. - FY2023-Q2RestatedAnnual report
「In Japan, prices rose amid the rapid depreciation of the yen resulting from the interest-rate differential with Europe and the United States.」
The external environment of continued rapid yen depreciation and rising prices has been reconfirmed as an exchange-rate risk. - FY2023-Q1ReframedAnnual report
「However, it remained impossible to foresee when the situation would come under control, as the number of infections began increasing again with the spread of new variants. In addition, the outlook for the economy remained uncertain amid the rapid depreciation of the yen and rising energy prices resulting from Russia's invasion of Ukraine.」
The explanation has shifted from the earnings impact of the previous yen appreciation to exchange-rate movements, including the rapid depreciation of the yen, and economic uncertainty. - FY2022-Q3MitigatedAnnual report
「Foreign exchange loss 1,304 404」
The foreign exchange loss declined from ¥1,304 million in the same period of the previous year to ¥404 million in the cumulative third quarter under review, reducing the impact of losses from exchange-rate movements. - FY2022-Q2MitigatedAnnual report
「Foreign exchange gain - 156 Foreign exchange loss 1,037 -」
Against a foreign exchange loss of ¥1,037 million in the same period of the previous year, a foreign exchange gain of ¥156 million was recorded in the cumulative second quarter under review, reducing the impact of losses from exchange-rate movements. - FY2022-Q1MitigatedAnnual report
「Foreign exchange loss 842 366」
The foreign exchange loss declined from ¥842 million in the same period of the previous year to ¥366 million in the first quarter under review, reducing the impact of losses from exchange-rate movements year on year. - FY2021WorsenedAnnual report
「Foreign exchange losses 1,598」
A foreign exchange loss of ¥1,598 million was recorded in the consolidated fiscal year under review, up from ¥170 million in the previous consolidated fiscal year, indicating a larger loss from exchange-rate movements. - FY2021-Q3WorsenedAnnual report
「Foreign exchange losses 1,304」
Foreign exchange losses of ¥1,304 million were recorded for the cumulative third-quarter consolidated period, showing that the impact of currency movements continued to materialize. - FY2021-Q2WorsenedAnnual report
「Foreign exchange loss 1,037」
Foreign exchange losses of ¥1,037 million were recorded for the cumulative second-quarter consolidated period, showing that the impact of currency movements continued to materialize. - FY2021-Q1WorsenedAnnual report
「Foreign exchange losses 306 842」
Foreign exchange losses were ¥842 million in the first quarter, compared with ¥306 million in the comparative period, indicating a greater impact from currency movements. - FY2020-Q3WorsenedAnnual report
「Foreign exchange losses 102 306」
Foreign exchange losses increased from ¥102 million in the prior-year period to ¥306 million, indicating a greater impact from currency movements. - FY2019-Q4MaterialisedAnnual report
「Foreign exchange losses - 198」
Foreign exchange losses of ¥198 million were recorded in the quarterly consolidated income statement, quantifying the impact of currency movements. - FY2018RestatedAnnual report
「The group's business includes imports of raw materials, including agrochemical technical materials, exports of products, and production and sales in India, Brazil, the United States and other countries. The main foreign currencies used are the US dollar, Indian rupee and Brazilian real.」
The disclosure continues to explain the foreign-exchange risk associated with imports and exports and overseas production and sales across multiple currencies. - FY2017ReframedAnnual report
「The group's business includes imports of raw materials, including agrochemical technical materials, exports of products, and production and sales in India, Brazil, the United States and other countries. The main foreign currencies used are the US dollar, Indian rupee and Brazilian real.」
The explanation has broadened from the previous discussion of the earnings impact of rapid yen appreciation to the general foreign-exchange risk associated with imports and exports and overseas production and sales across multiple currencies. - FY2017-Q4RestatedAnnual report
「Profit fell below the prior-year period due mainly to the decline in know-how royalty income and the yen's continued appreciation.」
The yen's continued appreciation remains cited, together with the decline in know-how royalty income and other factors, as a factor reducing profit. - FY2017-Q3RestatedAnnual report
「Although the yen continued to trend stronger, total overseas sales exceeded the prior-year period, partly because the results of Sipcam Nichino Brasil S.A. were included in the group's consolidated results.」
The yen continued to trend stronger, but overseas sales exceeded the prior-year period due in part to the consolidation of the Brazilian subsidiary. - FY2016RestatedAnnual report
「Operating income totaled ¥4,426 million, down ¥5,525 million, or 55.5%, from the prior-year period, and ordinary income totaled ¥3,864 million, down ¥5,510 million, or 58.8%, due mainly to the decline in know-how royalty income and yen appreciation.」
The appreciation of the yen continues to be cited as a factor reducing profit. - FY2017-Q1First statedAnnual report
「Although rapid yen appreciation affected corporate earnings, the economy remained on a moderate recovery trend, supported by a recovery in capital investment and improving employment conditions.」
The impact of rapid yen appreciation has emerged in corporate earnings and is also cited as a factor reducing profit.