Impact of Yen Appreciation on Sales and Earnings
First written in FY2017-Q1. 19 of 35 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-08-06.
The whole theme swung hardest in 2019: 11 of 22 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedEarnings
「Foreign exchange gains － 2,998」
Foreign exchange effects in non-operating income and expenses improved, with the company recording a foreign exchange gain in the quarter compared with a foreign exchange loss in the same period of the previous year. - FY2026MitigatedAnnual report
「Non-operating income was ¥6,404 million, an increase of ¥605 million from the previous consolidated fiscal year. The main factors were a decrease in foreign exchange losses due to exchange-rate movements and a decrease in losses on the sale of fixed assets, despite a decrease in equity-method investment income.」
Foreign exchange losses declined from ¥1,035 million in the previous fiscal year to ¥319 million in the current fiscal year, reducing the adverse impact of foreign exchange on non-operating income. - 2026-05-11MitigatedEarnings
「Foreign exchange losses 1,035 319」
Foreign exchange losses decreased from ¥1,035 million in the previous fiscal year to ¥319 million. - FY2026-H1WorsenedAnnual report
「Foreign exchange gains 739 － Foreign exchange losses － 2,582」
Foreign exchange gains of ¥739 million in the interim period of the previous year turned into foreign exchange losses of ¥2,582 million in the current interim period, worsening the impact of foreign exchange on profit and loss. - FY2025WorsenedAnnual report
「Non-operating income was ¥5,799 million, a decrease of ¥7,362 million from the previous consolidated fiscal year. The main factor was the recording of foreign exchange losses due to exchange-rate movements.」
The foreign exchange impact on non-operating income deteriorated, with foreign exchange gains of ¥6,529 million in the previous fiscal year turning into foreign exchange losses of ¥1,035 million in the current fiscal year. - FY2025-H1Sharp decline in foreign exchange gains; continued benefit from yen depreciation in translationAnnual report
「Foreign exchange gains 7,101 739」
Foreign exchange gains declined sharply from ¥7,101 million in the same period of the previous year to ¥739 million. Meanwhile, at the segment level, the increase in the yen-converted amounts of overseas subsidiaries due to yen depreciation was cited as a factor supporting sales. - FY2024-Q3Continued decline in foreign exchange gainsAnnual report
「Foreign exchange gains 6,611 5,288」
Foreign exchange gains declined from ¥6,611 million in the same period of the previous year to ¥5,288 million, and also declined from ¥7,101 million in the cumulative previous quarter. Although the positive impact of yen depreciation on profit and loss remained, foreign exchange gains continued to decline. - FY2024-Q2RestatedAnnual report
「Foreign exchange gains 9,230 7,101」
Foreign exchange gains declined from ¥9,230 million in the same period of the previous year to ¥7,101 million in the cumulative second quarter, continuing their downward trend. - FY2024-Q1Continued benefit from yen depreciation; decline in foreign exchange gainsAnnual report
「Foreign exchange gains 5,144 2,974」
Foreign exchange gains declined from ¥5,144 million in the same period of the previous year to ¥2,974 million in the cumulative first quarter. Although the positive impact of yen depreciation on profit and loss continued, foreign exchange gains declined. - FY2023Continued benefit from yen depreciation; decline in foreign exchange gainsAnnual report
「Non-operating income was ¥8,479 million, a decrease of ¥835 million from the previous consolidated fiscal year. The main factor was a ¥1,663 million decrease in foreign exchange gains due to exchange-rate movements.」
While the increase in the yen-converted amounts of overseas subsidiaries due to yen depreciation supported sales, full-year foreign exchange gains declined from the previous fiscal year, indicating that the foreign exchange impact was not one-directional. - FY2023-Q3MitigatedAnnual report
「Although the suspension-spring business was affected by production adjustments at automakers due to semiconductor shortages and other factors, sales increased to ¥106,326 million, up 29.7% year on year, due to a recovery from the impact of the COVID-19 pandemic, the pass-through of higher raw material prices and other costs into selling prices, and an increase in the yen-converted amounts of overseas subsidiaries resulting from yen depreciation.」
The increase in the yen-converted amounts of overseas subsidiaries due to yen depreciation continues to be cited as a factor supporting sales, while foreign exchange gains increased from ¥3,386 million in the same period of the previous year to ¥6,611 million. - FY2023-Q2MitigatedAnnual report
「Although the suspension-spring business was affected by production adjustments at automakers due to semiconductor shortages and other factors, sales increased to ¥68,179 million, up 25.4% year on year, due to a recovery from the impact of the COVID-19 pandemic, the pass-through of higher raw material prices and other costs into selling prices, and an increase in the yen-converted amounts of overseas subsidiaries resulting from yen depreciation.」
The increase in the yen-converted amounts of overseas subsidiaries due to yen depreciation was cited as a factor supporting sales, indicating a foreign exchange impact different from the adverse effect of yen appreciation seen previously. In addition, foreign exchange gains were ¥9,230 million. - FY2023-Q1MitigatedAnnual report
「Foreign exchange gains 876 5,144」
Foreign exchange gains increased from ¥876 million in the same period of the previous year to ¥5,144 million in the cumulative first quarter, improving the impact of foreign exchange on profit and loss. - FY2022MitigatedAnnual report
「The main factor was the recording of ¥6,529 million in foreign exchange gains due to exchange-rate movements.」
Foreign exchange gains increased from ¥1,229 million in the previous fiscal year to ¥6,529 million in the current fiscal year, improving the impact of foreign exchange on profit and loss. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gains － 3,386」
Compared with foreign exchange losses of ¥1,332 million in the same period of the previous year, foreign exchange gains of ¥3,386 million were recorded in the cumulative third quarter, improving the impact of foreign exchange on profit and loss. - FY2022-Q2MitigatedAnnual report
「Foreign exchange gains － 1,600」
Compared with foreign exchange losses of ¥1,659 million in the same period of the previous year, foreign exchange gains of ¥1,600 million were recorded in the cumulative second quarter, improving the impact of foreign exchange on profit and loss. - FY2022-Q1MitigatedAnnual report
「Foreign exchange gains － 876」
Compared with foreign exchange losses of ¥367 million in the same period of the previous year, foreign exchange gains of ¥876 million were recorded in the cumulative first quarter, improving the impact of foreign exchange on profit and loss. - FY2021MitigatedAnnual report
「The main factor was the elimination of foreign exchange losses due to exchange-rate movements, while foreign exchange gains of ¥1,229 million were recorded.」
Foreign exchange impact on profit and loss improved, with foreign exchange losses of ¥3,866 million in the previous fiscal year turning into foreign exchange gains of ¥1,229 million in the current fiscal year. - FY2021-Q3MitigatedAnnual report
「Foreign exchange losses 1,653 1,332」
Foreign exchange losses declined from ¥1,653 million in the same period of the previous year to ¥1,332 million in the cumulative third quarter, indicating a slight improvement in the impact of foreign exchange on profit and loss. - FY2021-Q2MitigatedAnnual report
「Foreign exchange losses 2,555 1,659」
Foreign exchange losses declined from ¥2,555 million in the same period of the previous year to ¥1,659 million in the cumulative second quarter, indicating an improvement in the impact of foreign exchange on profit and loss. - FY2021-Q1MitigatedAnnual report
「Foreign exchange losses 1,118 367」
Foreign exchange losses declined from ¥1,118 million in the same period of the previous year to ¥367 million in the cumulative first quarter, indicating an improvement in the impact of foreign exchange on profit and loss. - FY2020WorsenedAnnual report
「Non-operating income was ¥550 million, a decrease of ¥4,255 million from the previous consolidated fiscal year. The main factor was the recording of ¥3,866 million in foreign exchange losses due to exchange-rate movements.」
Foreign exchange losses of ¥3,866 million were recorded for the full year, weighing on profit and loss. - FY2020-Q3WorsenedAnnual report
「Total non-operating income 4,456 Total non-operating expenses 2,878 Foreign exchange losses 1,653」
Foreign exchange gains of ¥1,048 million in the cumulative third quarter of the previous year turned into foreign exchange losses of ¥1,653 million in the cumulative third quarter of the current year, indicating a deterioration in the earnings impact of foreign exchange. - FY2020-Q2WorsenedAnnual report
「Foreign exchange gains 1,844 － Foreign exchange losses － 2,555」
Foreign exchange gains of ¥1,844 million in the same period of the previous year turned into foreign exchange losses of ¥2,555 million in the cumulative second quarter, indicating a deterioration in the earnings impact of foreign exchange. - FY2020-Q1WorsenedAnnual report
「Foreign exchange losses 271 1,118」
Foreign exchange losses increased from ¥271 million in the same period of the previous year to ¥1,118 million in the cumulative first quarter, indicating a deterioration in the earnings impact of foreign exchange. - FY2019-Q3MitigatedAnnual report
「Foreign exchange gains 207 1,048」
Foreign exchange gains increased from ¥207 million in the same period of the previous year to ¥1,048 million in the cumulative third quarter, indicating an improvement in the earnings impact of foreign exchange. - FY2019-Q2MitigatedAnnual report
「Foreign exchange gains 402 1,844」
Foreign exchange gains increased from ¥402 million in the same period of the previous year to ¥1,844 million in the cumulative second quarter, indicating an improvement in the earnings impact of foreign exchange. - FY2019-Q1WorsenedAnnual report
「Foreign exchange losses － 271」
Foreign exchange effects on earnings deteriorated, with foreign exchange gains of ¥141 million in the same period of the previous year turning into foreign exchange losses of ¥271 million in the current quarter. - FY2018WorsenedAnnual report
「Non-operating income and expenses resulted in income of ¥880 million, a decrease of ¥146 million from the previous consolidated fiscal year. Of this amount, foreign exchange effects reduced profit by ¥1,019 million.」
Foreign exchange effects reduced profit by ¥1,019 million, and the consolidated income statement also recorded foreign exchange losses of ¥1,945 million. The earnings impact of foreign exchange deteriorated for the full fiscal year, following the recording of foreign exchange gains through the previous quarter. - FY2018-Q3MitigatedAnnual report
「Foreign exchange gains － 207」
Compared with foreign exchange losses of ¥306 million in the same period of the previous year, the company recorded foreign exchange gains of ¥207 million in the cumulative third quarter, indicating an improvement in the earnings impact of foreign exchange. - FY2018-Q2MitigatedAnnual report
「Foreign exchange gains － 402」
Compared with foreign exchange losses of ¥3,970 million in the same period of the previous year, the company recorded foreign exchange gains of ¥402 million in the current quarter, indicating an improvement in the earnings impact of foreign exchange. - FY2018-Q1MitigatedAnnual report
「Foreign exchange gains － 141」
Compared with foreign exchange losses of ¥3,302 million in the same period of the previous year, the company recorded foreign exchange gains of ¥141 million in the current quarter, indicating an improvement in the earnings impact of foreign exchange. - FY2017-Q3RestatedAnnual report
「The yen strengthened substantially against the US dollar compared with the same period of the previous year, reflecting reduced expectations for US interest rate hikes and increased uncertainty about the outlook associated with the UK's EU withdrawal, although the yen depreciated sharply from November to December. Against this backdrop, revenue declined 3.5% year on year to ¥458,333 million, due partly to the decrease in the yen-denominated value of overseas operations resulting from the stronger yen.」
Although the yen turned weaker in the latter half of the period, the company reports that over the cumulative period, the decline in the yen-denominated value of overseas operations due to the stronger yen reduced revenue. - FY2017-Q2RestatedAnnual report
「The yen strengthened substantially against the US dollar compared with the same period of the previous year, reflecting reduced expectations for US interest rate hikes and increased uncertainty about the outlook associated with the UK's EU withdrawal. Against this backdrop, revenue declined 3.7% year on year to ¥299,643 million, due partly to the decrease in the yen-denominated value of overseas operations resulting from the stronger yen.」
The company reports that the continued substantial appreciation of the yen reduced revenue through the yen-denominated value of overseas operations. Foreign exchange losses totaled ¥3,970 million, and ordinary profit declined 17.6% year on year. - FY2017-Q1First statedAnnual report
「The yen strengthened substantially against the US dollar compared with the same period of the previous year, reflecting risk aversion due to concerns about the outlook for the global economy and reduced expectations for US interest rate hikes. Against this backdrop, revenue was ¥150,538 million, down 4.0% year on year, partly due to the stronger yen. Operating profit increased 3.3% to ¥8,462 million, reflecting cost-reduction efforts and changes in the mix of vehicle models ordered, but ordinary profit declined 38.5% to ¥6,040 million due to foreign exchange losses.」
The stronger yen was a factor behind the decline in revenue, while foreign exchange losses of ¥3,302 million reduced ordinary profit.