Foreign Exchange Risk
First written in FY2016. 9 of 26 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Achilles moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2024: 14 of 31 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Ordinary income improved significantly from the previous consolidated fiscal year, due to the recognition of a ¥693 million foreign exchange gain as the yen weakened and ¥181 million in equity-method investment income related to the Company’s associates in China engaged in vehicle materials and other businesses.」
Whereas a foreign exchange loss was recorded in the previous fiscal year, the ¥693 million foreign exchange gain in the current fiscal year contributed to the improvement in ordinary income. - FY2025MaterialisedAnnual report
「Foreign exchange loss 81」
A ¥81 million foreign exchange loss was recorded in non-operating expenses, showing that foreign exchange fluctuation risk had an actual impact on ordinary income and loss in the current fiscal year. - FY2025-H1MaterialisedAnnual report
「Ordinary loss was ¥471 million, compared with an ordinary loss of ¥45 million in the previous interim consolidated accounting period, due to an increase in non-operating expenses resulting from the recognition of foreign exchange losses and other items.」
The increase in non-operating expenses from foreign exchange losses and other items materialized in actual results as a ¥471 million ordinary loss. - FY2024RestatedAnnual report
「To avoid foreign exchange fluctuation risk, the Group takes measures such as entering into forward exchange contracts in accordance with its Risk Management Policy for Foreign Exchange Transactions. However, sharp fluctuations in foreign exchange rates may affect the Group’s operating results and financial condition.」
The Group continues to disclose measures such as forward exchange contracts and the possibility that sharp foreign exchange movements may affect operating results and financial condition. - FY2024-Q3RestatedAnnual report
「Although the Japanese economy showed signs of recovery as the impact of COVID-19 eased and personal consumption and inbound demand began to recover, uncertainty continued due to rising raw material prices and energy costs and significant fluctuations in foreign exchange rates.」
Although the impact of COVID-19 has eased and demand has begun to recover, significant fluctuations in foreign exchange rates continue to be identified as a factor creating uncertainty about the outlook. - FY2024-Q2RestatedAnnual report
「Although the Japanese economy showed signs of recovery as the impact of COVID-19 eased, uncertainty continued due to rising raw material prices and energy costs and significant fluctuations in foreign exchange rates.」
The easing impact of COVID-19 and the economic recovery are noted, while rising raw material prices and energy costs and significant fluctuations in foreign exchange rates continue to be identified as sources of uncertainty. - FY2024-Q1RestatedAnnual report
「Although the Japanese economy showed signs of recovery as COVID-19 was reclassified to Category 5 and economic and social activity returned to normal, uncertainty continued due to rising raw material prices and energy costs and significant fluctuations in foreign exchange rates.」
Significant fluctuations in foreign exchange rates, together with rising raw material prices and energy costs, continue to be identified as factors creating uncertainty about the outlook. - FY2023-Q3RestatedAnnual report
「Although the Japanese economy showed signs of recovery as economic and social activity returned to normal, uncertainty continued due to rising energy and raw material prices and sharp fluctuations in foreign exchange rates.」
Sharp fluctuations in foreign exchange rates continue to be identified as a business risk. Meanwhile, a ¥137 million foreign exchange gain was recorded in the cumulative third-quarter period. - FY2023-Q2MitigatedAnnual report
「Ordinary income benefited from a foreign exchange gain recorded in non-operating income as the yen weakened against other currencies, but decreased by ¥366 million from the same quarter of the previous year to ¥489 million, down 42.8% year on year.」
A ¥373 million foreign exchange gain resulting from the weaker yen was recorded, continuing the situation in which foreign exchange movements serve as an earnings improvement factor. - FY2023-Q1MitigatedAnnual report
「Ordinary income benefited from the weaker yen, but decreased by ¥99 million from the same quarter of the previous year to ¥331 million, down 23.1% year on year.」
The weaker yen generated an earnings improvement factor, continuing the shift from an adverse impact of foreign exchange movements to an earnings improvement factor. - FY2022MitigatedAnnual report
「The Company and its consolidated subsidiaries benefited from improved earnings as the yen weakened against other currencies.」
The impact that had depressed earnings through foreign exchange losses up to the previous fiscal year changed in the current fiscal year to an earnings improvement factor from the weaker yen, along with a ¥294 million foreign exchange gain. - FY2022-Q2MitigatedAnnual report
「Foreign exchange gain ― 34」
A ¥34 million foreign exchange gain was recorded in the cumulative second-quarter period, continuing the shift from a foreign exchange loss in the previous fiscal year to a foreign exchange gain. - FY2022-Q1MitigatedAnnual report
「Foreign exchange gain ― 4」
The foreign exchange loss in the same quarter of the previous year turned into a ¥4 million foreign exchange gain in the current quarter, reducing the adverse impact of foreign exchange movements on results. - FY2021MitigatedAnnual report
「A foreign exchange loss recorded in the previous fiscal year was recorded as a foreign exchange gain in the current fiscal year.」
The foreign exchange loss that reduced ordinary income in the previous fiscal year turned into a foreign exchange gain in the current fiscal year. The policy of managing foreign exchange fluctuation risk through forward exchange contracts and other measures remains in place. - FY2020-Q3MaterialisedAnnual report
「Ordinary profit decreased by ¥95 million from the same quarter of the previous year due in part to foreign exchange losses, to ¥1,784 million, down 5.1% year on year.」
Foreign exchange losses actually affected operating performance as a factor reducing ordinary profit by ¥95 million year on year. - FY2020-Q2MaterialisedAnnual report
「Ordinary profit decreased by ¥52 million year on year due to the occurrence of foreign exchange losses, and decreased by ¥217 million from the same quarter of the previous year to ¥870 million, down 20.0% year on year.」
The company states that foreign exchange losses occurred and actually affected operating performance as a factor reducing ordinary profit by ¥52 million year on year. - FY2020-Q1MaterialisedAnnual report
「Ordinary profit decreased by ¥31 million year on year due to the occurrence of foreign exchange losses, and decreased by ¥180 million from the same quarter of the previous year to ¥354 million, down 33.8% year on year.」
The company states that foreign exchange losses occurred and actually affected operating performance as a factor behind the year-on-year decline in ordinary profit. - FY2018WorsenedAnnual report
「As a result of these effects, exchange rates remained unstable, while prices of natural resources such as crude oil continued to rise, and the uncertain business environment continued.」
The description has returned from the previous quarter's "relatively stable movements" to stating that exchange rates remained unstable over the fiscal year. - FY2018-Q3MitigatedAnnual report
「Exchange rates remained relatively stable, but crude oil prices began to trend upward as oil-producing countries acted in concert to cut production, resulting in a difficult business environment.」
Regarding exchange rates, the description changed from the unstable conditions and large fluctuations reported through the previous fiscal year to relatively stable movements during the quarter. - FY2017MaterialisedAnnual report
「As a result of these effects, exchange rates remained unstable, while raw material prices, including crude oil, began to rise again, and the uncertain business environment continued.」
The company states that unstable exchange rates materialised in the business environment throughout the fiscal year. - FY2017-Q3MaterialisedAnnual report
「The company also faced a difficult business environment as crude oil prices began to rise again and exchange rates fluctuated sharply.」
Large exchange rate fluctuations materialised in the business environment during the quarter. The company also states that the impact of yen appreciation on the translation of foreign-currency-denominated sales was a factor behind the decline in revenue in the Plastics business. - FY2017-Q2MaterialisedAnnual report
「In addition, the exchange rate's trend toward yen appreciation weakened the inbound tourism effect and put pressure on the earnings of exporting companies. The resulting stagnation in share prices heightened concerns about an economic slowdown, and the difficult business environment continued.」
The trend toward yen appreciation continued to affect the business environment during the quarter through its dampening effect on inbound tourism and pressure on the earnings of exporting companies. - FY2017-Q1MaterialisedAnnual report
「In addition, a sharp appreciation of the yen put pressure on the earnings of exporting companies and weakened the inbound tourism effect. The resulting decline in share prices also acted as a further drag on personal consumption, making for a difficult environment.」
The sharp appreciation of the yen materialised in the actual business environment as a factor putting pressure on the earnings of exporting companies, and exports related to drawn-fabric products also stagnated under the impact of the stronger yen. - FY2016First statedAnnual report
「To hedge foreign exchange risk, the Group takes measures such as entering into forward exchange contracts based on its Foreign Exchange Transaction Risk Management Policy. However, a sharp movement in exchange rates could affect the Group's operating performance and financial position.」
The company describes measures such as forward exchange contracts and the possibility that sharp foreign exchange movements could affect operating performance and financial position.