Risk of fluctuations in foreign exchange rates
First written in FY2016. 8 of 34 entries say "Restated". Latest entry: FY2026.
Pacific Metals moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2025: 12 of 23 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026A stronger yen and lower LME prices continued to depress annual selling prices.Annual report
「The selling price of ferronickel products declined as the average exchange rate applied by the Company appreciated 0.7% against the yen year on year and the LME nickel price applied by the Company fell 10.9% year on year. In addition, because pricing also partly referenced nickel pig iron prices alongside the applied market price, selling prices declined compared with the past, and the difficult selling environment, in which revenue remained sluggish, continued.」
In addition to 0.7% yen appreciation and a 10.9% decline in the LME nickel price, lower selling prices continued because pricing also referenced nickel pig iron prices. - FY2026-H1Lower selling prices continued due to yen appreciation and falling LME pricesAnnual report
「The selling price of ferronickel products declined as the average exchange rate applied by the Company appreciated 3.6% against the yen from the previous interim consolidated accounting period and the LME nickel price applied by the Company fell 13.6% from the previous interim consolidated accounting period. In addition, because pricing also partly referenced nickel pig iron prices alongside the applied market price, selling prices declined compared with the past, and the difficult selling environment, in which revenue remained sluggish, continued.」
In addition to 3.6% yen appreciation and a 13.6% decline in the LME nickel price, lower selling prices continued because pricing also referenced nickel pig iron prices. - FY2025Lower annual selling prices despite yen depreciation due to falling LME pricesAnnual report
「The average exchange rate applied by the Company reflected 5.2% year-on-year yen depreciation, while the LME nickel price applied by the Company fell 19.3% year on year. In addition, because pricing also partly referenced nickel pig iron prices alongside the applied market price, selling prices declined compared with the past,」
Although the yen depreciated 5.2%, the LME nickel price fell 19.3% year on year, and lower selling prices continued because pricing also referenced nickel pig iron prices. - FY2025-H1Lower selling prices continued despite yen depreciation due to falling LME pricesAnnual report
「The selling price of ferronickel products declined as the average exchange rate applied by the Company reflected 9.4% yen depreciation from the previous interim consolidated accounting period, while the LME nickel price applied by the Company fell 25.4% from the previous interim consolidated accounting period. In addition, because pricing also partly referenced nickel pig iron prices alongside the applied market price, selling prices declined compared with the past, and the difficult selling environment, in which revenue remained sluggish, continued.」
Despite 9.4% yen depreciation, the LME nickel price fell 25.4%, and lower selling prices continued because pricing also referenced nickel pig iron prices. - FY2024RestatedAnnual report
「The average exchange rate applied by the Company reflected 6.8% year-on-year yen depreciation, while the LME nickel price applied by the Company fell 16.9% year on year. In addition, because pricing also partly referenced nickel pig iron prices alongside the applied market price, selling prices declined compared with the past,」
Although the yen depreciated, the LME nickel price fell, and lower selling prices resulted from pricing that also referenced nickel pig iron prices. - FY2024-Q3Lower selling prices despite yen depreciation, due to falling LME prices and reference to nickel pig iron pricesAnnual report
「The selling price of ferronickel products declined as the average exchange rate applied by the Company reflected 5.1% year-on-year yen depreciation, while the LME nickel price applied by the Company fell 12.1% year on year. In addition, because pricing also partly referenced nickel pig iron prices alongside the applied market price, selling prices declined compared with the past, and the difficult selling environment, in which revenue remained sluggish, continued.」
Although the yen depreciated, the LME nickel price fell 12.1% year on year, and lower selling prices continued because pricing also partly referenced nickel pig iron prices. - FY2024-Q2Lower selling prices amid falling LME prices and yen depreciationAnnual report
「The selling price of ferronickel products declined as the average exchange rate applied by the Company reflected 6.6% year-on-year yen depreciation, while the LME nickel price applied by the Company fell 11.0% year on year. In addition, because pricing also partly referenced nickel pig iron prices alongside the applied market price, selling prices declined compared with the past, and the difficult selling environment, in which revenue remained sluggish, continued.」
Although the yen depreciated, the LME nickel price fell 11.0% year on year, and selling prices continued to decline because pricing also referenced nickel pig iron prices. - FY2024-Q1RestatedAnnual report
「Although the applicable market prices rose year on year, with the LME nickel price applied by the Company up 0.4% and the average exchange rate applied by the Company reflecting 7.5% yen depreciation, selling prices declined compared with the past because pricing also partly referenced nickel pig iron prices in addition to the LME nickel price and the applied average exchange rate. The difficult selling environment, in which revenue remained sluggish, continued.」
Although applicable market prices rose on a 0.4% increase in the LME nickel price and 7.5% yen depreciation, selling prices declined because pricing also referenced nickel pig iron prices. - FY2023RestatedAnnual report
「The selling price of ferronickel products rose year on year as the LME nickel price applied by the Company increased 32.2% and the average exchange rate applied by the Company depreciated 21.1% against the yen.」
The disclosure states that annual selling prices rose due to higher LME nickel prices and yen depreciation. - FY2023-Q3Higher selling prices continued despite ongoing yen depreciation and a slower increase in LME pricesAnnual report
「Although measures to address the increasingly uncertain business environment continued, the LME nickel price applied by the Company rose 39.0% year on year and the average exchange rate applied by the Company depreciated 22.8% against the yen year on year, resulting in higher selling prices for ferronickel products.」
Higher selling prices continued due to rising LME nickel prices and yen depreciation. The LME price rose 39.0% year on year, although the comparison base differs from the previous quarter's 32.9%, while the rate of yen depreciation widened to 22.8%. - FY2023-Q2Higher selling prices continued on yen depreciation and rising LME prices, with the rate of increase acceleratingAnnual report
「Although measures to address the increasingly uncertain business environment continued, the LME nickel price applied by the Company rose 49.2% year on year and the average exchange rate applied by the Company depreciated 20.5% against the yen year on year, resulting in higher selling prices for ferronickel products.」
Selling prices continued to rise on higher LME nickel prices and yen depreciation, with the rates of increase widening from 44.1% and 1.7% in the previous quarter to 49.2% and 20.5%, respectively. - FY2023-Q1Higher selling prices continued on yen depreciation and rising LME pricesAnnual report
「The LME nickel price applied by the Company rose 44.9% year on year and the average exchange rate applied by the Company depreciated 16.9% against the yen year on year, resulting in higher selling prices.」
Selling prices of ferronickel products rose for a second consecutive period on higher LME nickel prices and yen depreciation. - FY2022RestatedAnnual report
「The LME nickel price applied by the Company rose 33.8% year on year and the average exchange rate applied by the Company depreciated 6.1% against the yen year on year, resulting in higher selling prices.」
Selling prices of ferronickel products rose year on year for a second consecutive year due to higher LME nickel prices and yen depreciation. - FY2022-Q3Higher selling prices continued on yen depreciation and rising LME pricesAnnual report
「The LME nickel price applied by the Company rose 32.9% year on year and the average exchange rate applied by the Company depreciated 5.2% against the yen year on year, resulting in higher selling prices.」
Ferronickel product selling prices rose on a 32.9% year-on-year increase in the LME nickel price and 5.2% yen depreciation. - FY2022-Q2Selling prices shifted higher on yen depreciation and rising LME pricesAnnual report
「Although measures to address the increasingly uncertain business environment continued, the LME nickel price applied by the Company rose 36.9% year on year and the average exchange rate applied by the Company depreciated 2.9% against the yen year on year, resulting in higher selling prices for ferronickel products.」
Selling prices turned higher from the previous quarter's decline, rising on a 36.9% year-on-year increase in the LME nickel price and 2.9% yen depreciation. - FY2022-Q1Selling prices shifted higher on yen depreciation and rising LME pricesAnnual report
「Although measures to address the increasingly uncertain business environment continued, the LME nickel price applied by the Company rose 44.1% year on year and the average exchange rate applied by the Company depreciated 1.7% against the yen year on year, resulting in higher selling prices for ferronickel products.」
Selling prices shifted from the declines caused by yen appreciation and other factors through the previous quarter, rising on a 44.1% year-on-year increase in the LME nickel price and 1.7% yen depreciation. - FY2021-Q3Yen appreciation outweighed the rise in LME prices, resulting in lower selling pricesAnnual report
「Although the LME nickel price applied by the Company rose 0.5% year on year, the selling price of ferronickel products declined due to 3.0% year-on-year yen appreciation and measures taken in response to the increasingly uncertain business environment.」
Although the LME nickel price rose 0.5% year on year, selling prices declined due in part to 3.0% yen appreciation. - FY2021-Q2Yen appreciation outweighed the rise in LME prices, resulting in lower selling pricesAnnual report
「Although the LME nickel price applied by the Company rose 0.5% year on year, the selling price of ferronickel products declined due to 2.3% year-on-year yen appreciation and measures taken in response to the increasingly uncertain business environment.」
Although the LME nickel price rose 0.5% year on year, selling prices declined due in part to 2.3% yen appreciation in the average exchange rate. - FY2021-Q1Lower selling prices due to yen appreciation and falling LME pricesAnnual report
「The selling price of ferronickel products declined because the average exchange rate applied by the Company appreciated 2.2% against the yen year on year and the LME nickel price applied by the Company fell 2.0% year on year.」
Selling prices declined due to 2.2% year-on-year yen appreciation and a 2.0% decline in the LME nickel price. - FY2020Higher selling prices despite yen appreciation, as LME prices roseAnnual report
「Although the average exchange rate applied by the Company appreciated 1.8% against the yen year on year, selling prices were higher because the LME nickel price applied by the Company, a pricing indicator, rose 6.7% year on year.」
Selling prices shifted from the declines seen through the previous quarter, as the 6.7% rise in the LME nickel price outweighed the impact of yen appreciation, resulting in higher selling prices. - FY2020-Q3Slightly lower selling prices due to the stronger yen and other factors despite higher LME prices.Annual report
「Ferronickel product selling prices declined slightly despite a 3.5% year-on-year increase in the LME nickel price applied by the Company, a price formation indicator, due to a 1.9% stronger yen and measures taken in response to the increasingly uncertain business environment.」
Although LME nickel prices rose 3.5% year on year, the 1.9% stronger yen and measures taken in response to the business environment resulted in slightly lower selling prices. - FY2020-Q2A stronger yen and lower LME prices resulted in lower selling prices.Annual report
「Ferronickel product selling prices declined because the average exchange rate applied by the Company was 1.2% stronger yen year on year and the LME nickel price applied by the Company, a price formation indicator, fell 6.6% year on year.」
A 1.2% stronger yen and a 6.6% decline in LME nickel prices caused selling prices to shift from higher through the previous quarter to lower. - FY2020-Q1Lower selling prices due to falling LME prices despite a weaker yen.Annual report
「Ferronickel product selling prices declined because the LME nickel price applied by the Company, a price formation indicator, fell 10.9% year on year, despite the average exchange rate applied by the Company being 0.7% weaker yen year on year.」
Although the yen was 0.7% weaker year on year, LME nickel prices fell 10.9%, resulting in lower selling prices. - FY2019-Q3RestatedAnnual report
「Ferronickel product selling prices rose because the LME nickel price applied by the Company, a price formation indicator, increased 30.8% year on year, despite the average exchange rate applied by the Company being 0.8% stronger yen year on year.」
Despite the yen being 0.8% stronger year on year, LME nickel prices rose 30.8%, resulting in higher selling prices. - FY2019-Q2RestatedAnnual report
「Ferronickel product selling prices rose because the LME nickel price applied by the Company, a price formation indicator, increased 42.8% year on year, despite the average exchange rate applied by the Company being 1.2% stronger yen year on year.」
Despite the stronger yen, LME nickel prices rose 42.8% year on year, resulting in higher selling prices. - FY2019-Q1Higher selling prices due to rising LME prices despite a shift to a stronger yen.Annual report
「Ferronickel product selling prices rose because the LME nickel price applied by the Company, a price formation indicator, increased 44.2% year on year, despite the average exchange rate applied by the Company being 2.5% stronger yen year on year.」
The yen shifted from weaker in the previous quarters to 2.5% stronger, but LME nickel prices rose 44.2% year on year, resulting in higher selling prices. - FY2018-Q3RestatedAnnual report
「Ferronickel product selling prices rose as the LME nickel price applied by the Company, a price formation indicator, increased 5.7% year on year, while the average exchange rate applied by the Company was 3.9% weaker yen year on year.」
As in the second quarter, higher LME nickel prices and a weaker yen resulted in higher selling prices. - FY2018-Q2RestatedAnnual report
「Ferronickel product selling prices rose as the LME nickel price applied by the Company, a price formation indicator, increased 6.1% year on year, while the average exchange rate applied by the Company was 3.7% weaker yen year on year.」
As in the first quarter, higher LME nickel prices and a weaker yen resulted in higher selling prices. - FY2018-Q1Higher selling prices following the shift to a weaker yen.Annual report
「Ferronickel product selling prices rose as the LME nickel price applied by the Company, a price formation indicator, increased 11.3% year on year, while the average exchange rate applied by the Company was 1.1% weaker yen year on year.」
Compared with the previous period’s stronger yen and lower prices, selling prices rose in the first quarter due to a 1.1% weaker yen. - FY2017MaterialisedAnnual report
「Ferronickel product selling prices declined as the LME nickel price applied by the Company, a price formation indicator, fell 8.5% year on year, while the average exchange rate applied by the Company was 9.4% stronger yen year on year.」
An 8.5% decline in LME nickel prices and a 9.4% stronger average exchange rate actually resulted in lower selling prices. - FY2017-Q3MaterialisedAnnual report
「Ferronickel product selling prices declined as the LME nickel price applied by the Company, a price formation indicator, fell 15.4% year on year, while the average exchange rate applied by the Company was 11.3% stronger yen year on year.」
A 15.4% decline in LME nickel prices and an 11.3% stronger yen actually resulted in lower selling prices. - FY2017-Q2MaterialisedAnnual report
「Ferronickel product selling prices declined as the LME nickel price applied by the Company, a price formation indicator, fell 25.2% year on year, while the average exchange rate applied by the Company was 11.4% stronger yen year on year.」
A 25.2% year-on-year decline in LME nickel prices and an 11.4% stronger yen actually resulted in lower selling prices. - FY2017-Q1MaterialisedAnnual report
「Ferronickel product selling prices declined as the LME nickel price applied by the Company, a price formation indicator, fell 35.0% year on year, while the average exchange rate applied by the Company was 8.4% stronger yen year on year.」
A 35.0% year-on-year decline in LME nickel prices and an 8.4% stronger yen actually resulted in lower selling prices. - FY2016MaterialisedAnnual report
「The average exchange rate applied by the Company was 11.4% weaker yen year on year, but the LME nickel price applied by the Company fell 36.3% year on year, resulting in lower selling prices.」
Fluctuations in foreign exchange rates affecting selling price formation were identified as a risk, and the average exchange rate applied by the Company was 11.4% weaker yen year on year.