Foreign Exchange Risk Associated with a Rising Proportion of Overseas Sales
First written in FY2022. 3 of 10 entries say "Materialised", first in FY2023-Q1. Latest entry: 2026-08-18.
FreakOut Holdings moved to the "Worse" side of this theme in 2024, 8 years after the typical company in this theme (2016).
The whole theme swung hardest in 2019: 29 of 63 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- 2026-08-18RestatedEarnings presentation
「At the same time, after objectively considering recent unstable foreign-exchange movements and the possibility of impairment losses on securities, we have decided not to revise our forecast upward at this time.」
The company continues to consider unstable foreign-exchange movements as a reason for not raising its earnings forecast. - FY2026-H1Increase in foreign-exchange gainsAnnual report
「Foreign exchange gain ¥124.034 million ¥322.528 million」
Regarding exchange rate fluctuations associated with the overseas business and overseas sales, the foreign exchange gain increased from ¥124.034 million in the same period of the previous year to ¥322.528 million. - FY2025ReframedAnnual report
「The main components of non-operating income are foreign exchange gains and equity in earnings of affiliates. The main factors behind the changes were increases in foreign exchange gains due to exchange rate fluctuations and in equity in earnings of affiliates.」
Regarding foreign exchange risk associated with overseas sales and the overseas business, its impact on earnings changed from a foreign exchange loss in the previous fiscal year to a foreign exchange gain of ¥80.586 million in the current fiscal year. - FY2024MaterialisedAnnual report
「Foreign exchange loss ¥186.301 million」
Regarding foreign exchange risk related to the overseas business and overseas sales, a foreign exchange loss of ¥186.301 million was recorded during the period. - FY2024-Q2ReframedAnnual report
「During the first half of the current consolidated fiscal year, conditions remained highly uncertain, with developments in Russia and Ukraine, global inflation and the rapid depreciation of the yen caused by sharp fluctuations in the yen exchange rate.」
The explanation changed from the previous quarter’s rapid yen appreciation and foreign exchange loss to exchange rate fluctuations, including a sharp yen depreciation. The income statement for the current quarter records a foreign exchange gain of ¥23.430 million. - FY2024-Q1MaterialisedAnnual report
「Non-operating expenses Foreign exchange loss ¥359.398 million ¥211.075 million」
Regarding risks related to the weight of the overseas business and fluctuations in the yen exchange rate, a foreign exchange loss of ¥211.075 million was recorded in the first quarter. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, conditions remained highly uncertain, with the effects of the global COVID-19 pandemic still present, compounded by developments in Russia and Ukraine, a US recession, and the rapid appreciation of the yen.」
Uncertainty in the foreign exchange and economic environment, including yen appreciation risk associated with the high proportion of overseas sales, has continued. - FY2023-Q2RestatedAnnual report
「Lastly, as the yen appreciated rapidly during the cumulative second-quarter period, we recorded a foreign exchange loss of ¥321 million.」
The foreign exchange risk associated with the high proportion of overseas sales continued to materialize, with a foreign exchange loss of ¥321 million recorded due to the yen’s rapid appreciation. - FY2023-Q1MaterialisedAnnual report
「Lastly, as the yen appreciated rapidly during the cumulative first-quarter period, we recorded a foreign exchange loss of ¥359 million.」
Regarding foreign exchange risk associated with the rising proportion of overseas sales, a foreign exchange loss of ¥359 million was actually recorded due to the yen’s rapid appreciation. - FY2022First statedAnnual report
「Approximately 70% of our group’s sales come from overseas subsidiaries. We set assumed exchange rates at the beginning of each fiscal year and prepare budgets and other plans accordingly, but excessive exchange rate fluctuations may affect the financial position and operating performance of our group.」
Given that sales from overseas subsidiaries account for approximately 70%, the risk that excessive exchange rate fluctuations could affect the financial position and operating performance is disclosed separately.