Impact of Exchange-Rate Movements on Overseas Subsidiaries' Performance
First written in FY2016. 16 of 19 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2024-Q3.
Nozawa 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 2020: 12 of 25 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2024-Q3WorsenedAnnual report
「During the first nine months of the consolidated fiscal year under review, the economy showed a moderate recovery against the backdrop of normalized socioeconomic activity. However, the outlook remained uncertain amid rising uncertainty in the global economy due to the invasion of Ukraine and escalating tensions in the Middle East. In the building materials industry, a challenging business environment continued, including persistently high raw material and energy prices resulting from unstable international conditions and the accelerating depreciation of the yen, and conditions remained without room for complacency.」
Regarding the external environment surrounding currency movements, the disclosure explicitly refers to an acceleration in the yen's depreciation in addition to the previous references to yen depreciation and currency movements. - FY2023-Q1WorsenedAnnual report
「While the spread of COVID-19 in Japan remained contained, the economy proceeded amid increasing uncertainty, including turmoil in the global economy caused by the protracted Russia-Ukraine situation and mounting inflationary pressure accompanying the rapid depreciation of the yen.」
The rapid depreciation of the yen is explicitly identified as a factor behind uncertainty in the external environment and inflationary pressure, indicating an increasingly challenging risk environment related to currency movements. - FY2022-Q2MaterialisedAnnual report
「Foreign exchange gain 41,314」
A foreign exchange gain of ¥41.314 million was recorded for the six-month period ended [date], with the impact of currency movements reflected in actual results. - FY2022-Q1MaterialisedAnnual report
「Foreign exchange gain 30,239」
A foreign exchange gain of ¥30.239 million was recorded for the three-month period ended [date], with the impact of currency movements reflected in actual results. - FY2021-Q2MaterialisedAnnual report
「Foreign exchange loss 12,895」
A foreign exchange loss of ¥12.895 million was recorded for the six-month period ended [date], with the impact of currency movements reflected in actual results. - FY2021-Q1MaterialisedAnnual report
「Foreign exchange loss 11,007」
A foreign exchange loss of ¥11 million was recorded for the three-month period ended [date], with the impact of currency movements reflected in actual results. - FY2020-Q3MaterialisedAnnual report
「Foreign exchange loss 30,770」
A foreign exchange loss of ¥30 million was recorded for the nine-month period, with the impact of currency movements reflected in actual results. - FY2020-Q2MaterialisedAnnual report
「Foreign exchange loss 15,937」
A foreign exchange loss of ¥15 million was recorded for the six-month period ended [date], with the impact of currency movements reflected in actual results. - FY2019MaterialisedAnnual report
「Foreign exchange loss 33,483」
The consolidated income statement for the year records a foreign exchange loss of ¥33 million, with the impact of currency movements reflected in actual results. - FY2019-Q3MaterialisedAnnual report
「Foreign exchange loss 23,711」
A foreign exchange loss of ¥23 million was recorded for the nine-month period ended [date], with the impact of currency movements reflected in actual results. - FY2019-Q2MaterialisedAnnual report
「Foreign exchange loss 17,039」
A foreign exchange loss of ¥17 million was recorded for the six-month period ended [date], and the impact of currency movements continues to be reflected in actual results. - FY2019-Q1MaterialisedAnnual report
「Foreign exchange loss 18,102 9,675」
A foreign exchange loss of ¥9 million was recorded for the three-month period ended [date], and the impact of currency movements continues to be reflected in actual results. - FY2018MaterialisedAnnual report
「Foreign exchange gain 14,813」
The consolidated income statement for the year records a foreign exchange gain of ¥14.813 million, with the impact of currency movements reflected in actual results. - FY2018-Q2MaterialisedAnnual report
「Foreign exchange gains (losses) 91,097 7,321」
A foreign exchange loss of ¥7.321 million was recorded for the six-month period ended [date], and the impact of currency movements continues to be reflected in actual results. - FY2018-Q1MaterialisedAnnual report
「Foreign exchange loss 18,102」
A foreign exchange loss of ¥18 million was recorded for the three-month period ended [date], with the impact of currency movements reflected in actual results. - FY2017MaterialisedAnnual report
「Foreign exchange gains (losses) 47,149」
The consolidated statement of cash flows for the year records foreign exchange gains (losses) of ¥47.149 million, with the impact of currency movements reflected in actual results. - FY2017-Q3MaterialisedAnnual report
「In terms of profit, in addition to growth in our core extruded cement products, efforts to improve productivity, reduce manufacturing costs and cut expenses resulted in operating profit of ¥2,642 million, up 3.0% year on year, ordinary profit of ¥2,556 million, up 0.8%, and profit attributable to owners of the parent of ¥1,720 million, up 65.0%.」
The consolidated income statement for the nine-month period ended [date] records a foreign exchange loss of ¥102 million, but ordinary income increased 0.8% year on year. - FY2017-Q2MaterialisedAnnual report
「In terms of profit, sales of the core extruded cement products increased, and efforts to improve productivity, reduce manufacturing costs and cut expenses resulted in operating income of ¥1,541 million, up 2.7% year on year. However, ordinary income was ¥1,465 million, down 3.1% year on year, due in part to the recognition of foreign exchange losses, while net income attributable to owners of the parent was ¥976 million, down 3.8% year on year.」
The recognition of a ¥92 million foreign exchange loss actually emerged as a factor reducing ordinary income. - FY2016First statedAnnual report
「To prepare consolidated financial statements, the Group translates the financial statements of overseas consolidated subsidiaries into yen. Fluctuations in foreign exchange rates may affect the Group's performance.」
Indicates foreign exchange risk arising through the translation of overseas subsidiaries' financial statements.