Increase in Foreign-Currency-Denominated Purchases and Higher Purchase Prices Due to Yen Depreciation
First written in FY2023. 5 of 9 entries say "Materialised", first in FY2024-Q2. Latest entry: 2026-08-14.
Terilogy Holdings moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 33 of 59 companies on the "Worse" side.
9 other companies' latest entry also says "Materialised".
- FY2026WorsenedAnnual report
「Foreign-currency-denominated purchases accounted for 48.0% of total purchases in the fiscal year ended March 2025, reflecting the impact of large spot transactions, and 58.1% in the fiscal year ending March 2026.」
The proportion of foreign-currency-denominated purchases rose from 48.0% to 58.1%, increasing exposure to higher purchase prices resulting from the yen's depreciation. Although higher purchase prices for imported products materialized, the company is working to mitigate the impact by using multiple financial institutions and other measures. - FY2026-H1MaterialisedAnnual report
「In terms of profit, although costs increased due to investment in human capital to realize the medium- to long-term management strategy, in addition to higher material costs resulting from geopolitical risks and higher purchase prices for imported products due to the yen's depreciation,」
Higher purchase prices for imported products resulting from geopolitical risks and the yen's depreciation materialized, and a foreign exchange loss of ¥22 million related to the settlement of forward exchange contracts was also recorded. - FY2024-Q3MaterialisedAnnual report
「Although the purchase prices of some products rose sharply due to the yen's depreciation,」
While taking measures such as forward exchange contracts, the increase in the purchase prices of some products caused by the yen's sharp depreciation also materialized during the cumulative third-quarter period. - FY2024-Q2MaterialisedAnnual report
「Although the company enters into forward foreign exchange contracts to hedge exchange-rate risk, purchase prices for certain products and other items rose as a result of the sharp depreciation of the yen.」
The company states that, despite entering into forward foreign exchange contracts, higher purchase prices for certain products due to the sharp depreciation of the yen actually occurred during the cumulative consolidated second-quarter period. - FY2023First statedAnnual report
「Foreign-currency-denominated purchases accounted for 37.9% of total purchases in the fiscal year ended March 2022 and 40.2% in the fiscal year ended March 2023. Although the company seeks to mitigate the risk by taking measures such as preparing for exchange-rate fluctuations, exchange-rate movements beyond expectations could increase purchase prices in yen and affect the Group's performance.」
The company disclosed that the ratio of foreign-currency-denominated purchases rose from 37.9% to 40.2%, and that a sharp depreciation of the yen had actually increased purchase costs and reduced gross profit.