Foreign exchange risk from excess US dollar receipts
First written in FY2016. 16 of 31 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2026Higher export ratio and recognition of foreign exchange gainsAnnual report
「Exports accounted for 76.3% of total sales for the fiscal year.」
The export ratio rose from 66.6% in the previous year to 76.3%, while a foreign exchange gain of ¥714 million was recorded for the year. The contracted amount of forward exchange contracts was ¥9,862 million, down from ¥10,133 million in the previous year. - FY2026-H1MitigatedAnnual report
「Foreign exchange gains - 61」
While a foreign exchange loss of ¥1,403 million was recorded in the same period of the previous year, the interim accounting period produced a foreign exchange gain of ¥61 million. The impact of exchange rate movements arising from excess US dollar receipts appeared on the gain side rather than the loss side during the interim accounting period. - FY2025-H1MaterialisedAnnual report
「Operating income was ¥5,019 million, down 6.2% year on year, due to non-operating losses, including foreign exchange valuation losses, resulting from the yen's appreciation at the end of the first half.」
Compared with the foreign exchange gain of ¥1,395 million in the same period of the previous year, a foreign exchange loss of ¥1,403 million was recorded for the interim accounting period. The impact of exchange rate movements arising from excess US dollar receipts shifted from the gain side to the loss side and materialized in the results. - FY2024Increase in export ratio and hedging balanceAnnual report
「Most of the Company's export sales are denominated in US dollars, and exports accounted for 66.6% of total sales for the fiscal year.」
The structural risk arising from excess US dollar receipts was quantified, with exports accounting for 66.6% of sales. The contracted amount of forward exchange contracts was ¥12,882 million, up from ¥6,166 million in the previous year. - FY2024-Q3MitigatedAnnual report
「Foreign exchange gains 305」
A foreign exchange gain of ¥305 million was recorded for the cumulative third quarter, shifting to the gain side from a foreign exchange loss in the same period of the previous year. The adverse impact of exchange rate risk arising from excess US dollar receipts on performance was shown to have eased. - FY2024-Q2MitigatedAnnual report
「Foreign exchange gains 1,395」
The foreign exchange gain for the cumulative second quarter was ¥1,395 million, expanding the gain-side impact from ¥806 million in the same period of the previous year. The adverse impact of exchange rate risk arising from excess US dollar receipts was shown to have eased. - FY2024-Q1MitigatedAnnual report
「Foreign exchange gains 761」
A foreign exchange gain of ¥761 million was recorded for the cumulative first quarter, expanding the gain-side impact from ¥508 million in the same period of the previous year. The adverse impact of exchange rate risk arising from excess US dollar receipts on performance was shown to have eased. - FY2023MaterialisedAnnual report
「Foreign exchange loss 129」
A foreign exchange loss of ¥129 million was recorded for the fiscal year, shifting to the loss side from the previous year's foreign exchange gain of ¥476 million. The impact of exchange rate movements arising from excess US dollar receipts materialized in the full-year results as well. - FY2023-Q3MaterialisedAnnual report
「Foreign exchange loss 28」
The result shifted from a foreign exchange gain of ¥149 million in the same period of the previous year to a foreign exchange loss of ¥28 million for the cumulative third quarter. Exchange rate risk arising from excess US dollar receipts again materialized as a loss. - FY2023-Q2MitigatedAnnual report
「Foreign exchange gains 806」
A foreign exchange gain of ¥806 million was recorded for the cumulative second quarter, expanding the gain-side impact from the foreign exchange gain of ¥60 million in the same period of the previous year. The adverse impact of exchange rate risk arising from excess US dollar receipts was shown to have eased. - FY2023-Q1MitigatedAnnual report
「Foreign exchange gains 508」
A foreign exchange gain of ¥508 million was recorded for the cumulative first quarter, with the impact of exchange rate movements arising from excess US dollar receipts appearing as a factor in non-operating income rather than as a loss. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gains 149」
A foreign exchange gain of ¥149 million was recorded for the cumulative third quarter. The shift from a foreign exchange loss in the same period of the previous year to the gain side continued, and the adverse impact of exchange rate movements arising from excess US dollar receipts on performance was shown to have eased. - FY2022-Q2MitigatedAnnual report
「Foreign exchange gains 60」
A foreign exchange gain of ¥60 million was recorded for the cumulative second quarter, with exchange rate movements appearing as a factor in non-operating income rather than as a loss. - FY2021MitigatedAnnual report
「Foreign exchange gains 547」
A foreign exchange gain of ¥547 million was recorded for the year, with the impact of exchange rate movements on performance shifting from the loss side to the gain side from the previous year's foreign exchange loss of ¥51 million. The structural risk arising from excess US dollar receipts continued to be disclosed. - FY2021-Q3MaterialisedAnnual report
「Foreign exchange loss ¥134 million」
A foreign exchange loss of ¥134 million was recorded for the cumulative third quarter. The impact shifted from the foreign exchange gain recorded for the cumulative second quarter of the previous year to the loss side, with the effects of exchange rate movements arising from the excess of US dollar receipts again appearing in the results. - FY2021-Q2MitigatedAnnual report
「Foreign Exchange Gains」
During the cumulative second-quarter period under review, the company recorded a ¥12 million foreign exchange gain. The impact of foreign exchange movements on performance shifted from a loss in the same period of the previous year, when a ¥291 million foreign exchange loss was recorded, to a gain. - FY2020RestatedAnnual report
「Most of the company's export sales are denominated in US dollars, and even after taking into account purchases of imported raw materials denominated in US dollars and indirect US dollar payments for electricity, LNG and other items, the company tends to receive more US dollars than it pays. Consequently, foreign exchange movements may affect the company's operating results.」
The structure of the foreign exchange volatility risk arising from excess US dollar receipts continued to be described. The company recorded a ¥51 million foreign exchange loss during the fiscal year. - FY2020-Q3MaterialisedAnnual report
「Foreign exchange loss of ¥199 million」
The company recorded a ¥199 million foreign exchange loss on foreign-currency trade receivables and other items, and the foreign exchange volatility risk arising from excess US dollar receipts materialized as an actual loss during the cumulative third-quarter period under review. - FY2020-Q2MaterialisedAnnual report
「The company recorded foreign exchange losses on foreign-currency trade receivables under non-operating expenses, resulting in ordinary profit of ¥573 million, down 56.1% year on year.」
The impact of yen appreciation and foreign exchange losses on foreign-currency trade receivables contributed to lower ordinary profit, and foreign exchange volatility risk materialized in performance during the cumulative second-quarter period under review. - FY2020-Q1MaterialisedAnnual report
「Foreign exchange losses on foreign-currency trade receivables and other items resulted in ordinary profit of ¥88 million, down 80.1% year on year, and quarterly net profit of ¥8 million, compared with a loss of ¥6 million in the same period of the previous year.」
The company recorded a ¥269 million foreign exchange loss on foreign-currency trade receivables, and the impact of foreign exchange movements materialized as an 80.1% year-on-year decline in ordinary profit. - FY2019MitigatedAnnual report
「Foreign exchange gain of ¥210 million」
The company recorded a ¥210 million foreign exchange gain as non-operating income during the fiscal year, improving the impact on performance from the foreign exchange loss recorded in the previous year. - FY2019-Q2MitigatedAnnual report
「Ordinary profit was ¥1,305 million, up 215.5% year on year, because foreign exchange gains on foreign-currency trade receivables resulting from yen depreciation were recorded as non-operating income.」
The company recorded a ¥427 million foreign exchange gain on foreign-currency trade receivables due to yen depreciation, so foreign exchange movements contributed to higher ordinary profit rather than a loss during the cumulative period under review. - FY2019-Q1MitigatedAnnual report
「Ordinary profit was ¥442 million, up 68.6% year on year, because foreign exchange gains on foreign-currency trade receivables resulting from yen depreciation were recorded as non-operating income.」
The company recorded a ¥371 million foreign exchange gain on foreign-currency trade receivables due to yen depreciation, making foreign exchange movements a contributor to higher ordinary profit rather than an adverse factor. - FY2018MitigatedAnnual report
「Ordinary profit was ¥2,809 million, up 129.1% year on year, due in part to lower foreign exchange losses on foreign-currency trade receivables.」
The decline in foreign exchange losses on foreign-currency trade receivables contributed to higher ordinary profit, mitigating the adverse impact of foreign exchange movements on performance compared with the previous fiscal year. - FY2018-Q3MitigatedAnnual report
「In the titanium segment, export sales increased from the same period of the previous year because aircraft manufacturing remained firm and the exchange rate remained weaker against the yen.」
The weaker yen compared with the same period of the previous year contributed to higher export-oriented titanium segment sales. No foreign exchange loss was noted, and the adverse impact on performance during the cumulative period under review appeared to have eased. - FY2018-Q2MitigatedAnnual report
「Sales increased because the exchange rate remained weaker against the yen than in the same period of the previous year.」
The exchange rate remained weaker against the yen than in the same period of the previous year, contributing to higher export sales. The foreign exchange loss recorded in the same period of the previous year was not recognized during the cumulative second-quarter period under review, mitigating its adverse impact on performance during the period. - FY2017RestatedAnnual report
「Export sales accounted for approximately half of total company sales in the fiscal year under review. Most of the company's export sales are denominated in US dollars, and even after taking into account purchases of imported raw materials denominated in US dollars and indirect US dollar payments for electricity, LNG and other items, the company tends to receive more US dollars than it pays. Consequently, foreign exchange movements may affect the company's operating results.」
The structure of the foreign exchange risk arising from export sales accounting for approximately half of total sales and excess US dollar receipts was reiterated. A foreign exchange loss of ¥621 million was also recorded for the full year. - FY2017-Q3RestatedAnnual report
「The company recorded foreign exchange losses on foreign-currency trade receivables and other items under non-operating expenses, resulting in an ordinary loss of ¥308 million, compared with a loss of ¥404 million in the same period of the previous year, and a quarterly net loss of ¥274 million, compared with a loss of ¥352 million.」
Foreign exchange losses on foreign-currency trade receivables continued to be recorded, and the effects of yen appreciation and foreign exchange volatility continued. - FY2017-Q2WorsenedAnnual report
「Regarding profit, lower sales volume and yen appreciation resulted in an operating loss of ¥418 million, compared with operating profit of ¥50 million in the same period of the previous year. In addition, foreign exchange losses on foreign-currency trade receivables resulting from yen appreciation were recorded under non-operating expenses, resulting in an ordinary loss of ¥1,343 million, compared with ordinary profit of ¥552 million, and a quarterly net loss of ¥983 million, compared with quarterly net profit of ¥327 million, in the same period of the previous year.」
The impact of yen appreciation appeared not only in lower export sales but also as a ¥753 million foreign exchange loss on foreign-currency trade receivables, resulting in operating, ordinary and quarterly net losses. - FY2017-Q1MaterialisedAnnual report
「The company recorded foreign exchange losses, primarily translation differences on foreign-currency trade receivables at the end of the first quarter, under non-operating expenses. As a result, ordinary loss was ¥974 million, compared with ordinary profit of ¥370 million in the same period of the previous year.」
Against the backdrop of yen appreciation, the company recorded a ¥711 million foreign exchange loss, primarily from translation differences on foreign-currency trade receivables, and foreign exchange volatility risk materialized as an actual loss. - FY2016First statedAnnual report
「Export sales accounted for approximately half of total company sales in the fiscal year under review. Most of the company's export sales are denominated in US dollars, and even after taking into account purchases of imported raw materials denominated in US dollars and indirect US dollar payments for electricity, LNG and other items, the company tends to receive more US dollars than it pays.」
The currency composition of exports and imports indicates that foreign exchange movements may affect performance.