Impact of yen appreciation on overseas business earnings and net assets
First written in FY2017-Q1. 28 of 40 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-08-07.
The whole theme swung hardest in 2019: 6 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「We are concerned about the risk of foreign exchange losses in fiscal 2026 due to a reversal of yen depreciation. Accordingly, we will pursue fundamental hedging of these risks by stabilizing the operations of overseas subsidiaries and shifting toward local financing, while recovering the parent company's investment assets at an early stage.」
While the risk of foreign exchange losses due to a reversal of yen depreciation remains a concern, foreign exchange gains of ¥264 million were recorded in the current period and the foreign currency translation adjustment increased by ¥1,091 million, indicating an improvement in the foreign exchange impact in terms of actual results. - FY2026-H1MitigatedAnnual report
「The main reasons were a ¥123 million increase in the foreign currency translation adjustment due to movements in foreign exchange rates and a ¥303 million increase in total shareholders' equity due mainly to the recognition of interim net income attributable to owners of the parent.」
Against the foreign exchange losses recognized in FY2025, foreign exchange gains of ¥48 million were recognized in the current interim period, and the foreign currency translation adjustment also increased by ¥123 million. - FY2025MaterialisedAnnual report
「Ordinary profit amounted to ¥170 million, due mainly to the recognition of foreign exchange losses of ¥761 million resulting from the revaluation of assets and liabilities held by the company and its overseas consolidated subsidiaries in line with foreign exchange movements.」
Foreign exchange losses of ¥761 million arose from the revaluation of assets and liabilities due to foreign exchange movements, weighing on ordinary profit. - FY2025-H1MaterialisedAnnual report
「Foreign exchange losses of ¥1,055 million arose from the revaluation of assets and liabilities held by the company and its overseas consolidated subsidiaries in line with movements in foreign exchange rates.」
Foreign exchange losses of ¥1,055 million actually arose from the revaluation of assets and liabilities due to foreign exchange movements, becoming the main cause of the ordinary loss. - FY2024WorsenedAnnual report
「We are concerned about the risk of foreign exchange losses in fiscal 2024 due to a reversal of the recent substantial yen depreciation. Accordingly, we will pursue fundamental hedging of these risks by stabilizing the operations of overseas subsidiaries and shifting toward local financing, while recovering the parent company's investment assets at an early stage.」
In addition to the previous improvement resulting from the weaker yen, the company explicitly identified the risk of foreign exchange losses caused by a reversal of yen depreciation as a concern for fiscal 2024 and reiterated its countermeasures. - FY2024-Q3MitigatedAnnual report
「This was due to a ¥389 million increase in the foreign currency translation adjustment.」
The foreign currency translation adjustment increased by ¥389 million from the end of the previous consolidated fiscal year, contributing to the increase in net assets from foreign exchange. - FY2024-Q2MitigatedAnnual report
「The main reasons were increases of ¥308 million in total shareholders' equity due mainly to the recognition of quarterly net income attributable to owners of the parent and ¥668 million in the foreign currency translation adjustment due to foreign exchange movements.」
The foreign currency translation adjustment increased by ¥668 million, and foreign exchange movements contributed to the increase in net assets. - FY2024-Q1MitigatedAnnual report
「Ordinary profit increased 215.3% to ¥571 million due to the recognition of foreign exchange gains.」
Foreign exchange gains contributed to the increase in ordinary profit. The foreign currency translation adjustment also increased by ¥507 million, and no negative impact of foreign exchange on earnings or net assets was identified in the current quarter. - FY2023MitigatedAnnual report
「The yen has generally remained weak in 2023, and we believe the risk of foreign exchange losses is low for the time being. However, we will pursue fundamental hedging of these risks by stabilizing the operations of overseas subsidiaries and shifting toward local financing, while recovering the parent company's investment assets at an early stage.」
The company continues to believe that the risk of foreign exchange losses is low for the time being due to the weaker yen, and cites stabilizing overseas subsidiaries, shifting toward local procurement, and recovering the parent company's investment assets at an early stage as countermeasures. In terms of results, the foreign currency translation adjustment increased by ¥321 million. - FY2023-Q3MitigatedAnnual report
「The main reason was that total shareholders' equity decreased by ¥81 million due mainly to the recognition of a ¥39 million quarterly net loss attributable to owners of the parent, while the foreign currency translation adjustment increased by ¥170 million.」
The foreign currency translation adjustment increased by ¥170 million, and rather than the negative impact of the stronger yen on overseas business earnings and net assets, foreign currency translation contributed to the increase in net assets. - FY2023-Q2MitigatedAnnual report
「In net assets, total net assets amounted to ¥7,636 million, an increase of ¥713 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥185 million in total shareholders' equity and ¥556 million in the foreign currency translation adjustment resulting from the recognition of quarterly net income attributable to owners of the parent.」
The foreign currency translation adjustment increased by ¥556 million, contributing to the increase in net assets from the end of the previous fiscal year. The negative impact of foreign exchange on net assets is described as continuing to improve, following the previous quarter. - FY2023-Q1MitigatedAnnual report
「Ordinary profit increased 14.5% to ¥181 million due to the recognition of foreign exchange gains.」
Foreign exchange gains were recognized and contributed to the increase in ordinary profit. The foreign currency translation adjustment also increased by ¥520 million, turning positive from a decrease in the same period of the previous year. - FY2022MitigatedAnnual report
「The yen has generally remained weak in 2022, and we believe the risk of foreign exchange losses is low for the time being. However, we will pursue fundamental hedging of these risks by stabilizing the operations of overseas subsidiaries and shifting toward local financing, while recovering the parent company's investment assets at an early stage.」
The company indicated that the risk of foreign exchange losses is low for the time being due to the weaker yen, and cited stabilizing overseas subsidiaries, shifting to local procurement, and recovering the parent company's investment assets at an early stage as countermeasures. - FY2022-Q3MitigatedAnnual report
「In net assets, total net assets amounted to ¥6,388 million, an increase of ¥65 million from the end of the previous consolidated fiscal year. The main reason was that total shareholders' equity decreased by ¥98 million due mainly to the recognition of a ¥62 million quarterly net loss attributable to owners of the parent, while the foreign currency translation adjustment increased by ¥180 million.」
The foreign currency translation adjustment increased by ¥180 million, improving the negative impact of foreign exchange on net assets through the previous quarter. - FY2022-Q2WorsenedAnnual report
「In net assets, total net assets amounted to ¥6,207 million, a decrease of ¥116 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥91 million decrease in the foreign currency translation adjustment.」
The foreign currency translation adjustment decreased by ¥91 million from the end of the previous consolidated fiscal year, and the negative impact of foreign exchange on net assets increased from the first quarter. - FY2022-Q1WorsenedAnnual report
「The main reasons were decreases of ¥16 million in other securities valuation difference and ¥29 million in the foreign currency translation adjustment.」
The foreign currency translation adjustment decreased by ¥29 million, confirming again in the current quarter the negative impact of yen appreciation and foreign exchange on net assets. - FY2021MitigatedAnnual report
「In response, we are seeking to avoid and mitigate risks by stabilizing the operations of overseas subsidiaries and shifting toward local financing, while recovering the parent company's investment assets at an early stage.」
The disclosure specifically describes measures to address foreign exchange risk: stabilizing overseas subsidiaries, shifting to local procurement, and recovering the parent company's investment assets at an early stage. The foreign currency translation adjustment also increased by ¥619 million. - FY2021-Q3MitigatedAnnual report
「Foreign currency translation adjustment △ 47,212 107,275」
The foreign currency translation adjustment changed from a decrease of ¥47.212 million in the same quarter of the previous year to an increase of ¥107.275 million in the current quarter. The impact of foreign exchange on net assets has improved from the previous fiscal year. - FY2021-Q2MitigatedAnnual report
「Foreign currency translation adjustment △ 352,093 23,504」
The foreign currency translation adjustment changed from a decrease of ¥352.093 million in the same quarter of the previous year to an increase of ¥23.504 million in the current quarter. The negative balance also narrowed from the end of the previous fiscal year, indicating an improving impact of foreign exchange on net assets. - FY2021-Q1MitigatedAnnual report
「The main reason was that total shareholders' equity decreased by ¥378 million, despite an ¥84 million increase in the foreign currency translation adjustment.」
The foreign currency translation adjustment increased by ¥84 million from the end of the previous consolidated fiscal year, improving the negative impact of yen appreciation and foreign currency translation on net assets that had emerged in the previous fiscal year. - FY2020MaterialisedAnnual report
「In fact, in the fiscal year ending March 2020, local currencies in Mexico and Indonesia temporarily plunged, partly due to the impact of COVID-19, resulting in substantial foreign exchange losses.」
The disclosure explains that the currencies of Mexico and Indonesia actually plunged, resulting in substantial foreign exchange losses, and that the previously identified foreign exchange risk materialized in operating performance. - FY2020-Q3MitigatedAnnual report
「Foreign currency translation adjustment △ 47,212」
The foreign currency translation adjustment decreased by ¥47.212 million on a cumulative basis through the third quarter. The foreign exchange impact on net assets has narrowed from the ¥352 million decrease due to the stronger yen cited in the previous quarter. - FY2020-Q2WorsenedAnnual report
「In net assets, total net assets amounted to ¥5,484 million, a decrease of ¥595 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥239 million decrease in total shareholders' equity resulting from dividend payments, the recognition of a quarterly net loss attributable to owners of the parent and other factors, and a ¥352 million decrease in the foreign currency translation adjustment due to the stronger yen.」
The decrease in the foreign currency translation adjustment due to the stronger yen was ¥352 million, up from ¥186 million in the previous quarter. - FY2020-Q1WorsenedAnnual report
「Ordinary loss amounted to ¥69 million due to the recognition of foreign exchange losses and other factors, compared with ordinary profit of ¥82 million in the same quarter of the previous year.」
Foreign exchange losses of ¥87.680 million were recognized, causing ordinary profit to turn from a profit in the same period of the previous year to a loss. The foreign currency translation adjustment also decreased by ¥186 million. - FY2019-Q3WorsenedAnnual report
「In net assets, total net assets amounted to ¥5,976 million, a decrease of ¥257 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥113 million decrease in the foreign currency translation adjustment and a ¥174 million decrease in shareholders' equity resulting from the appreciation of the yen against some currencies.」
The stronger yen against some currencies reduced the foreign currency translation adjustment by ¥113 million, worsening the impact on net assets from the increase caused by yen depreciation in the previous quarter. - FY2019-Q2MitigatedAnnual report
「The main reason was that total shareholders' equity decreased by ¥145 million due to dividend payments and other factors, while the foreign currency translation adjustment increased by ¥133 million due to the weaker yen.」
The disclosure states that, rather than decreasing due to the stronger yen, the foreign currency translation adjustment increased by ¥133 million due to the weaker yen, indicating an improving impact of foreign exchange on net assets. - FY2019-Q1WorsenedAnnual report
「Foreign currency translation adjustment 65,762 △ 44,122」
In other comprehensive income, the foreign currency translation adjustment changed from an increase of ¥65.762 million in the same period of the previous year to a decrease of ¥44.122 million in the current quarter. - FY2018MitigatedAnnual report
「The global economy is expected to expand, but uncertainty is also increasing due to the impact of various US government policies, Brexit and the rise of right-wing parties in major EU countries, slowing growth in China, conditions on the Korean Peninsula, and the risk of a stronger yen. We expect the difficult situation to continue, with little room for optimism.」
The risk of yen appreciation remains explicitly identified. Meanwhile, the foreign currency translation adjustment increased by ¥64.922 million in the period, improving the impact on net assets from the decrease in the previous period. - FY2018-Q3MitigatedAnnual report
「The main reasons were that some foreign currencies weakened against the yen, resulting in a ¥318 million increase in the foreign currency translation adjustment, and other securities valuation difference increased by ¥62 million.」
The disclosure states that, rather than decreasing due to the stronger yen, the foreign currency translation adjustment increased by ¥318 million due to the weaker yen. - FY2018-Q2MitigatedAnnual report
「In net assets, total net assets amounted to ¥6,507 million, an increase of ¥209 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥234 million increase in the foreign currency translation adjustment resulting from the weaker yen.」
The disclosure states that, rather than decreasing due to the stronger yen, the foreign currency translation adjustment increased by ¥234 million due to the weaker yen. - FY2018-Q1MitigatedAnnual report
「The main reasons were that cash and deposits decreased by ¥210 million, while notes and accounts receivable increased by ¥212 million and inventories increased by ¥202 million in line with increases in net sales and orders received, and other current assets also increased by ¥55 million. Total property, plant and equipment increased by ¥260 million to ¥8,050 million. This was mainly due to a ¥263 million increase in tangible fixed assets.」
The disclosure states that, rather than decreasing due to the stronger yen, the foreign currency translation adjustment increased by ¥65 million in the quarter. Meanwhile, the decline in sales caused by the weaker pound persists in Europe. - FY2017MitigatedAnnual report
「The main factors were the recognition of net income attributable to owners of the parent of ¥67 million for the consolidated fiscal year, while total shareholders' equity decreased by ¥78 million due to dividend payments and other factors, and the foreign currency translation adjustment decreased by ¥307 million due to the stronger yen.」
The decrease in the foreign currency translation adjustment due to the stronger yen was ¥307 million, down from the ¥714 million decrease in the previous fiscal year. However, yen appreciation risk itself continues to be cited as a medium- to long-term issue. - FY2017-Q3MitigatedAnnual report
「In net assets, total net assets amounted to ¥6,463 million, a decrease of ¥114 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥61 million decrease in retained earnings as a result of the payment of ¥142 million in dividends, despite the recognition of quarterly net income attributable to owners of the parent of ¥81 million, and a ¥111 million decrease in the foreign currency translation adjustment as some foreign currencies weakened against the yen.」
The decrease in the foreign currency translation adjustment due to the stronger yen was ¥111 million, down from ¥954 million in the second quarter. However, the impact of the stronger yen continues to be cited in the performance of Europe and the Americas. - FY2017-Q2WorsenedAnnual report
「This was due to a ¥147 million decrease in retained earnings resulting from the recognition of a ¥4 million quarterly net loss attributable to owners of the parent and the payment of ¥141 million in dividends, as well as a ¥954 million decrease in the foreign currency translation adjustment due to the stronger yen.」
The decrease in the foreign currency translation adjustment due to the stronger yen was ¥954 million, up from ¥786 million in the first quarter. - FY2017-Q1First statedAnnual report
「In liabilities, total liabilities amounted to ¥11,102 million, an increase of ¥656 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥609 million increase in borrowings. In net assets, total net assets amounted to ¥5,570 million, a decrease of ¥1,007 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥204 million decrease in retained earnings resulting from the recognition of a ¥61 million quarterly net loss attributable to owners of the parent and the payment of ¥142 million in dividends, as well as a ¥786 million decrease in the foreign currency translation adjustment due to the stronger yen.」
The disclosure states that the stronger yen affected sales and profit in each region and reduced the foreign currency translation adjustment by ¥786 million.