Foreign exchange fluctuation risk associated with local production in China and overseas subsidiaries
First written in FY2021. 5 of 12 entries say "Materialised", first in FY2022-Q2. Latest entry: FY2026.
Sanei moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 13 of 23 companies on the "Worse" side.
8 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The yen's depreciation also drove up energy costs, pushing up raw material prices overall and creating conditions that placed pressure on earnings.」
The yen's depreciation is cited as having pushed up energy and raw material prices, with an actual impact of pressuring earnings. - FY2026-H1RestatedAnnual report
「In Japan, soaring rice prices caused by rice shortages and higher prices across a broad range of goods affected personal consumption, while energy and raw material costs remained high due to the yen's depreciation, continuing to affect the earnings of domestic-demand-oriented companies.」
The yen's depreciation continues to keep energy and raw material costs elevated, and its impact on the earnings of domestic-demand-oriented companies continues, according to the company. - FY2025MaterialisedAnnual report
「Meanwhile, in terms of profit, raw material and purchasing prices rose more than expected due to the effects of sharp foreign exchange fluctuations and other factors,」
The company states that foreign exchange fluctuations affected actual profit conditions through higher raw material and purchasing prices. - FY2024RestatedAnnual report
「To mitigate foreign exchange risk, the company generally conducts transactions with its Chinese subsidiaries in yen.」
The company recognizes foreign exchange risk associated with its Chinese subsidiaries and continues to generally conduct transactions in yen as a response. - FY2023RestatedAnnual report
「The outlook for foreign exchange rates and interest rates remains uncertain due to uncertainty surrounding relations between the United States and China and economic conditions in East Asia. To mitigate foreign exchange risk, the company generally conducts transactions with its Chinese subsidiaries in yen.」
The company continues to recognize foreign exchange risk associated with its Chinese subsidiaries and uncertainty surrounding conditions in East Asia, and states that it generally conducts transactions in yen as a response. - FY2023-Q3RestatedAnnual report
「Uncertainty persisted due to rising raw material and energy prices resulting from the prolonged situation in Ukraine and other factors, as well as sharp fluctuations in foreign exchange rates.」
Sharp fluctuations in foreign exchange rates, together with rising raw material and energy prices, continue to be a factor behind uncertainty in the economic environment. - FY2023-Q2RestatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, Japan’s economy remained uncertain due to an increase in infections during the 7th wave of COVID-19, rising raw material and energy prices resulting from the prolonged situation in Ukraine, and the rapid depreciation of the yen, among other factors.」
The rapid depreciation of the yen and increases in raw material and energy prices continue, prompting a renewed assessment of uncertainty in the cost environment, including foreign exchange. - FY2023-Q1WorsenedAnnual report
「However, the outlook remains uncertain due to rising raw material and energy prices resulting from the prolonged situation in Ukraine and other factors, as well as the rapid depreciation of the yen.」
The rapid depreciation of the yen, together with rising raw material and energy prices, has affected the actual economic environment, and uncertainty about the outlook persists. - FY2022MaterialisedAnnual report
「The economic environment remained uncertain, amid concerns over soaring prices caused by shortages of parts and raw materials, the rapid depreciation of the yen and the situation in Ukraine, among other factors.」
The rapid depreciation of the yen affected the actual economic and cost environment, and a foreign exchange loss of ¥39.596 million was recorded during the period. - FY2022-Q3MaterialisedAnnual report
「In terms of profit, conditions remain challenging in terms of costs, including prolonged price increases for copper alloys and aluminum ingots, yen depreciation, and rising ocean freight rates,」
The yen's depreciation is cited, together with rising copper alloy and aluminum ingot prices and ocean freight rates, as one factor behind actual cost pressures. - FY2022-Q2MaterialisedAnnual report
「Conditions remain challenging in terms of costs, including price increases for copper alloys and aluminum ingots lasting more than six months, yen depreciation, and rising ocean freight rates,」
The yen's depreciation is cited as one factor behind cost pressures, and a foreign exchange loss of ¥23.622 million was recorded during the cumulative second quarter under review. - FY2021First statedAnnual report
「The Group conducts foreign-currency transactions through local production at its Chinese subsidiary, and the subsidiary's assets and liabilities are translated into yen when preparing the consolidated financial statements. Accordingly, fluctuations in foreign exchange rates may affect the Group's operating results and financial position.」
The company recognizes foreign exchange fluctuation risk associated with foreign-currency transactions at its Chinese subsidiary and the translation of its assets and liabilities into yen, while generally conducting other transactions in yen.