Foreign exchange risk related to yen-denominated assets held by 海陽's overseas subsidiaries
First written in FY2021. 4 of 10 entries say "Worsened", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Foreign exchange loss 28,491」
A foreign exchange gain of ¥10.275 million in the previous fiscal year turned into a foreign exchange loss of ¥28.491 million in the current fiscal year, worsening the impact of exchange-rate movements on the yen-denominated assets of the 海陽 subsidiary. - 2026-05-15WorsenedRevision of earnings forecasts
「Foreign exchange loss — 28,491」
Foreign exchange gains of ¥10.275 million in the previous fiscal year turned into foreign exchange losses of ¥28.491 million in the current consolidated fiscal year. - FY2026-H1WorsenedAnnual report
「Foreign exchange loss - 239」
A foreign exchange gain of ¥11.463 million in the same interim period of the previous year turned into a foreign exchange loss of ¥239 thousand in the current interim consolidated accounting period, worsening the impact of exchange-rate movements on the yen-denominated assets of the 海陽 subsidiary. - FY2025MitigatedAnnual report
「Foreign exchange gain 10,275」
Foreign exchange losses of ¥22.894 million in the previous fiscal year turned into a foreign exchange gain of ¥10.275 million in the current fiscal year, improving the impact of exchange-rate movements on the yen-denominated assets of the 海陽 subsidiary. - FY2025-H1MitigatedAnnual report
「Foreign exchange gain 11,463」
Foreign exchange losses in the previous fiscal year turned into a foreign exchange gain of ¥11.463 million in the current interim consolidated accounting period, improving the impact of exchange-rate movements on the yen-denominated assets of the 海陽 subsidiary. - FY2024WorsenedAnnual report
「Foreign exchange loss 22,894」
Regarding foreign exchange risk related to the Haiyang subsidiary’s yen-denominated assets, foreign exchange losses increased from ¥521 thousand in the previous fiscal year to ¥22.894 million, expanding their impact on earnings. - FY2023RestatedAnnual report
「海陽岩淵金属製品有限公司, a consolidated subsidiary of our Group, is primarily responsible for producing our products, and all transactions with us are conducted in yen. As a result, the company holds yen-denominated deposits, accounts receivable, and other assets. If the yen weakens against the yuan, it may incur foreign exchange losses, which could have a material impact on operating results and financial condition.」
The company has continued to describe the risk of foreign exchange losses on the Haiyang subsidiary’s yen-denominated deposits, accounts receivable, and other assets when the yen weakens against the yuan. - FY2023-Q1MaterialisedAnnual report
「The operating environment became challenging due to soaring raw material prices and deterioration in foreign exchange gains and losses caused by the weaker yen.」
The deterioration in foreign exchange gains and losses due to yen depreciation is described as part of the actual operating environment, and foreign exchange losses included in non-operating expenses increased from ¥6.125 million in the same period of the previous year to ¥12.783 million. Foreign exchange risk has been reflected in earnings. - FY2022RestatedAnnual report
「As a result, the company holds yen-denominated deposits, accounts receivable, and other assets. If the yen weakens against the yuan, it may incur foreign exchange losses, which could have a material impact on operating results and financial condition.」
The company has continued to describe the risk of foreign exchange losses on the Haiyang subsidiary’s yen-denominated assets when the yen weakens against the yuan. - FY2021First statedAnnual report
「海陽岩淵金属製品有限公司, a consolidated subsidiary of our Group, is primarily responsible for producing our products, and all transactions with us are conducted in yen. As a result, the company holds yen-denominated deposits, accounts receivable, and other assets. If the yen weakens against the yuan, it may incur foreign exchange losses, which could have a material impact on operating results and financial condition.」
The company has for the first time separately described the risk of foreign exchange losses when the yen weakens against the yuan, because the Haiyang subsidiary holds yen-denominated deposits, accounts receivable, and other assets.