Foreign-Exchange Market Volatility
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2022: 14 of 25 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「Nevertheless, the outlook for the global economy remained uncertain due to the prolonged Russian invasion of Ukraine, persistently high resource prices and inflation, interest rate increases and the continued strength of the US dollar, or depreciation of the yen, in Europe and the United States, and the stagnation of the Chinese economy.」
Uncertainty factors affecting the global economy, including the continued strength of the US dollar, or depreciation of the yen, remain. - FY2023-Q1MaterialisedAnnual report
「Nevertheless, the global economy remains subject to an uncertain outlook due to the prolonged Russian invasion of Ukraine, surging resource prices and rising inflation, interest rate increases and the continued strength of the US dollar, or depreciation of the yen, in Europe and the United States, and the slowdown of the Chinese economy.」
The continued strength of the US dollar, or depreciation of the yen, is expressly identified as part of the actual economic environment, indicating that the previously recognized risk of foreign exchange fluctuations has materialized. - FY2022RestatedAnnual report
「Our group seeks to reduce foreign exchange fluctuation risk to a certain extent by entering into forward exchange contracts and maintaining receivables and payables positions denominated in the same foreign currency.」
Measures to reduce foreign exchange fluctuation risk through forward exchange contracts and receivables and payables denominated in the same foreign currency continue. - FY2021MitigatedAnnual report
「Our group operates local production and consumption businesses in Japan, Vietnam, the United States and Canada, reducing foreign exchange fluctuation risk to a certain extent by diversifying the currencies in which we conduct business. We also hedge foreign exchange fluctuation risk in individual domestic foreign-currency transactions by adding forward exchange contracts, currency swaps and other instruments.」
The company expressly identifies regional and currency diversification, along with hedging through forward exchange contracts and currency swaps, as measures against foreign exchange risk. - FY2018RestatedAnnual report
「The continued depreciation of the yen may cause import prices for energy and various materials to rise. In addition, because our consolidated financial statements are prepared by translating into yen the results and assets held by our overseas affiliates in their respective local currencies, and because certain businesses of our domestic group companies conduct transactions denominated in foreign currencies, fluctuations in foreign exchange rates may affect our consolidated financial statements and business performance.」
Foreign exchange risk arising through import prices, the yen translation of overseas affiliates, and foreign-currency transactions continues to be disclosed. - FY2016First statedAnnual report
「The continued depreciation of the yen may cause import prices for energy and various materials to rise.」
The company identifies as risks the effects on performance and financial statements through import prices, the yen translation of overseas affiliates, and foreign-currency transactions.