Risk of demand decline associated with exchange rate fluctuations
First written in FY2017-Q1. 7 of 10 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 14 of 18 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Foreign-currency-denominated financial instruments are exposed to foreign exchange risk. The Group’s policy is to net foreign currency receipts from foreign-currency transactions, such as product exports, against foreign currency payments, such as raw material imports, and manage the resulting position to remain broadly balanced, thereby providing an effective hedge against the risk.」
The Company reaffirms its foreign exchange risk management policy of balancing the position by netting foreign currency receipts against foreign currency payments. - FY2024-Q2RestatedAnnual report
「Amid an unstable international situation, the operating environment continues to contain downside risks to the economy, including persistently high fuel and raw material prices, global inflation, and rapid foreign exchange movements.」
The Company continues to recognize downside risks to the economy, including rapid foreign exchange movements. - FY2024-Q1RestatedAnnual report
「Meanwhile, the operating environment continues to contain downside risks to the economy, including concerns over an economic downturn resulting from constraints on fuel and raw material supplies caused by the prolonged situation in Ukraine, global inflation, monetary tightening in Europe and the United States, and rapid foreign exchange movements.」
The Company continues to recognize downside risks to the economy, including rapid foreign exchange movements. - FY2023-Q3ReframedAnnual report
「At the same time, the uncertain operating environment continues to contain downside risks to the economy, including disruption caused by rapid foreign exchange movements.」
The description of foreign exchange risk has been refined from disruption caused by the yen’s rapid depreciation to disruption caused by rapid foreign exchange movements without specifying the direction. - FY2023-Q2WorsenedAnnual report
「Japan’s economy during the six-month period ended in the second quarter of the current fiscal year was expected to recover as economic activity normalized. However, the operating environment remained uncertain, with downside risks to the economy including constraints on fuel and raw material supplies caused by the prolonged situation in Ukraine, global inflation, and disruption caused by the yen’s rapid depreciation against foreign currencies.」
Foreign exchange risk is explicitly identified as a downside factor in the macroeconomic environment, in the form of disruption caused by the yen’s rapid depreciation. - FY2022RestatedAnnual report
「Trade receivables denominated in foreign currencies are exposed to foreign exchange risk. As a general policy, however, the Company nets them against foreign-currency-denominated trade payables and manages the resulting position to remain broadly balanced, thereby providing an effective hedge against the risk.」
The Company reaffirms its policy of effectively hedging foreign exchange risk associated with overseas transactions by netting foreign-currency-denominated receivables and payables. - FY2018RestatedAnnual report
「The Group conducts foreign-currency transactions when exporting products and importing raw materials and holds foreign-currency-denominated receivables and payables. Accordingly, fluctuations in foreign exchange rates may affect operating results.」
The Company reaffirms in its annual risk disclosures the foreign exchange risk associated with exports, imports and foreign-currency-denominated receivables and payables. - FY2017-Q3RestatedAnnual report
「We recognize that risk factors that may affect the Group include the risk of lower demand due to foreign exchange movements, the risk of fluctuations in resource and raw material prices, and geopolitical risks.」
The Company continues to recognize the risk of lower demand due to foreign exchange movements. - FY2017-Q2RestatedAnnual report
「We recognize that risk factors that may affect the Group include the risk of lower demand due to foreign exchange movements, the risk of fluctuations in resource and raw material prices, and geopolitical risks.」
The Company continues to recognize the risk of lower demand due to foreign exchange movements. - FY2017-Q1First statedAnnual report
「We recognize that risk factors that may affect the Group include the risk of lower demand due to foreign exchange movements, the risk of fluctuations in resource and raw material prices, and geopolitical risks.」
The Company recognizes lower demand due to foreign exchange movements as a risk. It also states that yen appreciation left sales of magnet products unchanged year on year in the current quarter.