Impact of exchange-rate fluctuations on performance and asset values
First written in FY2016. 16 of 30 entries say "Mitigated", first in FY2018. Latest entry: FY2027-H1.
Mitsuboshi Belting moved to the "Worse" side of this theme in 2016, 1 year before the typical company in this theme (2017).
The whole theme swung hardest in 2019: 79 of 140 companies on the "Worse" side.
30 other companies' latest entry also says "Materialised".
- FY2027-H1MaterialisedAnnual report
「Foreign exchange loss 0 212」
Compared with a foreign exchange loss of ¥0 million in the same period of the previous year, the company recorded a foreign exchange loss of ¥212 million in the current interim period, with the adverse impact of exchange rate movements reflected in its results. - FY2026MitigatedAnnual report
「Foreign exchange gain 484」
The company moved from a foreign exchange loss of ¥398 million in the previous fiscal year to a foreign exchange gain of ¥484 million in the current fiscal year, improving the impact of exchange rate movements on earnings. However, foreign exchange risk itself continues to be disclosed. - FY2026-H1MitigatedAnnual report
「Foreign exchange loss 648 0」
Compared with a foreign exchange loss of ¥648 million in the interim period of the previous year, the loss was ¥0 million in the current interim period, improving the impact of foreign exchange fluctuations on profit and loss. However, the company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2025MaterialisedAnnual report
「Foreign exchange loss － 398」
The company recorded a foreign exchange loss of ¥398 million in the current fiscal year, representing a deterioration in the impact of foreign exchange fluctuations from the ¥1,035 million foreign exchange gain in the previous year. - FY2025-H1MaterialisedAnnual report
「Ordinary profit was ¥4,286 million, down 23.6% year on year, due to foreign exchange losses.」
Compared with a foreign exchange gain of ¥945 million in the same period of the previous year, the company recorded a foreign exchange loss of ¥648 million for the current interim consolidated period, with the adverse impact of foreign exchange fluctuations reflected in results. - FY2024-Q3MitigatedAnnual report
「Foreign exchange gain 345 473」
The foreign exchange gain increased from ¥345 million in the same period of the previous year to ¥473 million, improving the impact of foreign exchange fluctuations on profit and loss year on year. The company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2024-Q2RestatedAnnual report
「Unstable yen exchange rates remain a factor that should be taken into consideration, and conditions are expected to remain uncertain and difficult to predict.」
The company continues to identify unstable yen exchange rates as a factor that should be taken into consideration. Although a foreign exchange gain of ¥945 million was recorded for the cumulative second quarter, the company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2024-Q1MitigatedAnnual report
「Foreign exchange gain 677 697」
The foreign exchange gain increased from ¥677 million in the same period of the previous year to ¥697 million, improving the impact of foreign exchange on profit and loss from the same period of the previous year. However, the company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2023RestatedAnnual report
「The Group has implemented various measures to reduce and avoid foreign exchange risk as far as possible. However, because short-term effects often cannot be addressed, foreign exchange movements may affect performance and cause asset values to decline.」
Although the company continues to respond through forward exchange contracts and other measures, it continues to disclose the possibility that short-term foreign exchange fluctuations could affect results and asset values. - FY2023-Q3WorsenedAnnual report
「In addition, the impact of sharp fluctuations in the yen exchange rate in Japan is a concern, and conditions remain uncertain and unpredictable.」
While the weaker yen boosted results, the company newly identified the impact of sharp fluctuations in the yen exchange rate in Japan as a concern. - FY2023-Q2MitigatedAnnual report
「Foreign exchange gain 191 1,052」
Compared with a foreign exchange gain of ¥191 million in the same period of the previous year, the gain was ¥1,052 million for the cumulative second quarter, improving the impact of foreign exchange fluctuations on profit and loss. The company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2023-Q1MitigatedAnnual report
「Foreign exchange gain 88 677」
Compared with a foreign exchange gain of ¥88 million in the same period of the previous year, the gain was ¥677 million for the cumulative first quarter, improving the impact of foreign exchange fluctuations on profit and loss. The company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2022MitigatedAnnual report
「In addition to an improvement in net financial income from ¥366 million in the previous consolidated fiscal year to ¥413 million in the current consolidated fiscal year, other non-operating income and expenses improved, mainly due to higher foreign exchange gains, from net income of ¥424 million in the previous consolidated fiscal year to net income of ¥498 million in the current consolidated fiscal year.」
Foreign exchange gains increased, improving the impact of foreign exchange on non-operating income and expenses from the previous year. The company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gain － 278」
Compared with a foreign exchange loss of ¥120 million in the same period of the previous year, the company recorded a foreign exchange gain of ¥278 million for the cumulative third quarter, improving the impact of foreign exchange fluctuations on profit and loss. However, the company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2022-Q2MitigatedAnnual report
「Foreign exchange gain － 191」
Compared with a foreign exchange loss of ¥25 million in the same period of the previous year, the company recorded a foreign exchange gain of ¥191 million for the cumulative second quarter, improving the impact of foreign exchange fluctuations on profit and loss. However, the company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2022-Q1MitigatedAnnual report
「Foreign exchange gain － 88」
Compared with a foreign exchange loss of ¥114 million in the same period of the previous year, the company recorded a foreign exchange gain of ¥88 million in the first quarter, improving the impact of foreign exchange fluctuations on profit and loss. However, the company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2021-Q3MitigatedAnnual report
「Foreign exchange loss 355 120」
Compared with a foreign exchange loss of ¥355 million in the same period of the previous year, the loss was ¥120 million for the cumulative third quarter, reducing the loss caused by foreign exchange fluctuations. However, foreign exchange fluctuation risk itself remains. - FY2021-Q2MitigatedAnnual report
「Foreign exchange loss 431 25」
Compared with a foreign exchange loss of ¥431 million in the same period of the previous year, the loss was ¥25 million for the cumulative second quarter, reducing the loss caused by foreign exchange fluctuations. However, foreign exchange fluctuation risk itself remains. - FY2021-Q1MitigatedAnnual report
「Non-operating expenses Interest expense 20 11 Foreign exchange loss 293 114 Other 37 108」
Compared with a foreign exchange loss of ¥293 million in the same period of the previous year, the loss was ¥114 million in the first quarter, reducing the loss caused by foreign exchange fluctuations. However, foreign exchange fluctuation risk itself remains. - FY2020-Q3MaterialisedAnnual report
「Foreign exchange gain 115 － Foreign exchange loss － 355」
Compared with a foreign exchange gain of ¥115 million in the same period of the previous year, the company recorded a foreign exchange loss of ¥355 million for the cumulative third quarter, with the adverse impact of foreign exchange fluctuations continuing to materialize in results. - FY2020-Q2MaterialisedAnnual report
「Non-operating income Interest income 86 127 Dividend income 192 201 Foreign exchange gain 244 － Other 94 169 Total non-operating income 618 499 Non-operating expenses Interest expense 10 32 Foreign exchange loss － 431」
Compared with a foreign exchange gain of ¥244 million in the same period of the previous year, the company recorded a foreign exchange loss of ¥431 million for the cumulative second quarter, with the adverse impact of foreign exchange fluctuations materializing in results. - FY2020-Q1MaterialisedAnnual report
「Non-operating income Interest income 37 60 Dividend income 191 200 Foreign exchange gain 228 － Other 68 93 Total non-operating income 525 354 Non-operating expenses Interest expense 6 20 Foreign exchange loss － 293」
Compared with a foreign exchange gain of ¥228 million in the same period of the previous year, the company recorded a foreign exchange loss of ¥293 million in the quarter, with the adverse impact of foreign exchange fluctuations once again materializing in results. - FY2019-Q2MitigatedAnnual report
「Non-operating income includes interest income of ¥86 million, dividend income of ¥192 million and a foreign exchange gain of ¥244 million, among other items.」
A foreign exchange gain of ¥244 million was recorded for the cumulative first half, and the impact of foreign exchange was positive as the yen continued to weaken. The company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2019-Q1MitigatedAnnual report
「As in the previous period, the exchange rate generally continued to trend toward a weaker yen, and the economy remained on a recovery trend, supported by improved corporate earnings and a moderate increase in capital investment.」
The yen continued to weaken during the quarter, and the income statement recorded a ¥228 million foreign exchange gain. The company does not state that foreign exchange fluctuation risk itself has disappeared. - FY2018MitigatedAnnual report
「In addition to an improvement in net financial income from ¥408 million in the previous consolidated fiscal year to ¥417 million in the current consolidated fiscal year, other non-operating income and expenses improved, mainly due to lower foreign exchange losses, from a net expense of ¥198 million in the previous consolidated fiscal year to a net expense of ¥38 million in the current consolidated fiscal year.」
The company explains that the impact of foreign exchange on non-operating income and expenses narrowed from the previous year due to lower foreign exchange losses and other factors. However, foreign exchange fluctuation risk itself continues to be disclosed. - FY2017MaterialisedAnnual report
「As a result, sales in this business exceeded the previous consolidated fiscal year in local-currency terms, but decreased in yen terms as the yen traded stronger, resulting in sales of ¥29,499 million, down 4.5% from the previous consolidated fiscal year.」
Although sales in the overseas belts business increased in local-currency terms, they decreased 4.5% in yen terms due to the stronger yen. - FY2017-Q3MaterialisedAnnual report
「As a result, although revenue from this business exceeded the prior-year period on a local-currency basis, it declined on a yen basis because the exchange rate was stronger against the yen than in the previous consolidated fiscal year. Revenue was ¥22,314 million, down 7.0% year on year, and operating profit was ¥2,806 million, up 18.9%.」
While the overseas belts business exceeded the same period of the previous year in local-currency terms, sales in yen terms decreased 7.0% year on year due to the stronger yen, indicating that the impact of foreign exchange continues to materialize. - FY2017-Q2MaterialisedAnnual report
「As a result, sales in this business exceeded the same period of the previous year on a local-currency basis, but decreased in yen terms as the yen traded stronger than in the previous consolidated fiscal year,」
While the overseas belts business generated higher sales in local-currency terms, sales in yen terms decreased due to the stronger yen, and a foreign exchange loss of ¥697 million was recorded on a cumulative quarterly basis. - FY2017-Q1MaterialisedAnnual report
「As a result, sales in this business exceeded the same period of the previous year on a local-currency basis, but decreased in yen terms as the yen traded stronger than in the previous consolidated fiscal year,」
Sales in yen terms in the overseas belts business decreased due to the stronger yen, while the quarterly income statement recorded a ¥592 million foreign exchange loss. The impact of foreign exchange risk on results has materialized. - FY2016First statedAnnual report
「A stronger yen against other currencies, particularly the US dollar and euro, to which the Group has significant exposure, adversely affects the Group’s operating performance.」
The company discloses foreign exchange risk together with its hedging policy, explaining that higher foreign exchange losses and other factors reduced ordinary income in the consolidated fiscal year.