Foreign-Exchange, Collection and Country Risks Associated with Expanding Overseas Sales
First written in FY2016. 16 of 35 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
17 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Foreign exchange gain ¥1,058.829 million」
The Company swung from a foreign exchange loss of ¥260 million in the previous fiscal year to a foreign exchange gain of ¥1,058 million in the current fiscal year. With the overseas sales ratio at approximately 70%, exposure continues, but the impact on earnings during the current fiscal year appeared on the profit side. - 2026-05-14MitigatedEarnings
「為替差益は1,058百万円を計上しました。」
前期の為替差損260百万円から当期は為替差益へ転じた。ただし海外売上高及び海外事業は継続している。 - FY2026-H1MitigatedAnnual report
「Foreign exchange gain — ¥171.485 million」
The Company swung from a foreign exchange loss of ¥796.580 million in the same period of the previous year to a foreign exchange gain of ¥171.485 million for the interim period. Exposure to overseas sales continues, but the impact of exchange-rate movements on earnings during the period turned to the profit side. - FY2025MaterialisedAnnual report
「Foreign exchange loss — ¥260.629 million」
With the overseas sales ratio at approximately 70%, the Company swung from a foreign exchange gain of ¥651 million in the previous fiscal year to a foreign exchange loss of ¥260 million in the current fiscal year. Foreign exchange risk associated with overseas operations materialized as a loss in the current fiscal year. - FY2025-H1MaterialisedAnnual report
「Foreign exchange loss — ¥796.580 million」
The Company swung from a foreign exchange gain of ¥586.982 million in the same period of the previous year to a foreign exchange loss of ¥796.580 million for the interim period. Foreign exchange risk associated with exposure to overseas sales materialized as a loss during the interim period. - FY2024Foreign exchange gains and higher short-term borrowingsAnnual report
「Our group operates in countries and regions across Asia and elsewhere, with overseas sales accounting for approximately 70% of total sales.」
With the overseas sales ratio at approximately 70%, the Company recorded a foreign exchange gain of ¥651 million in the current fiscal year. Meanwhile, short-term borrowings increased to ¥22,380 million, expanding foreign-currency and funding exposure associated with large overseas projects. - FY2024-Q3Higher foreign exchange gains and continued funding burden from large overseas projectsAnnual report
「Foreign exchange gain ¥56.179 million ¥217.481 million」
The foreign exchange gain for the nine months ended the third quarter increased from ¥56 million in the same period of the previous year to ¥217 million, with the impact of exchange-rate movements on earnings during the period appearing on the profit side. Meanwhile, foreign-currency and funding exposure associated with large overseas projects remains. - FY2024-Q2Higher foreign exchange gains and increased external fundingAnnual report
「Foreign exchange gain ¥217.897 million ¥586.982 million」
The foreign exchange gain for the six months ended the second quarter increased from ¥217.897 million in the same period of the previous year to ¥586.982 million, with the impact of foreign exchange during the period appearing on the profit side. Meanwhile, short-term borrowings increased by ¥11,484 million from the end of the previous consolidated fiscal year, and funding and foreign-currency exposure associated with large overseas projects remains. - FY2024-Q1Higher foreign exchange gains and US dollar borrowingsAnnual report
「Foreign exchange gain ¥92.932 million ¥409.119 million / The borrowing is being raised as working capital for a large water-treatment equipment project received by 野村マイクロ・サイエンスUSA Ltd.,Co. Borrowing amount: US$135 million (maximum)」
The foreign exchange gain for the first quarter increased from ¥92 million in the same period of the previous year to ¥409 million, with the impact of foreign exchange on earnings for the period appearing on the profit side. Meanwhile, the Company resolved to borrow up to US$135 million as working capital for a large US project, newly expanding its foreign-currency and funding exposure associated with overseas projects. - FY2023MaterialisedAnnual report
「Our group operates in countries and regions across Asia and elsewhere, with overseas sales accounting for approximately 70% of total sales.」
With the overseas sales ratio at approximately 70%, the Company recorded a foreign exchange loss of ¥186 million in the current fiscal year. Foreign exchange exposure and its impact on earnings associated with the expansion of overseas sales have materialized in the results. - FY2023-Q3MitigatedAnnual report
「Foreign exchange gain ¥44.082 million ¥56.179 million」
The foreign exchange gain increased from ¥44 million in the same period of the previous year to ¥56 million for the nine months ended the third quarter, with the impact of exchange-rate movements on earnings during the period appearing on the profit side. However, exposure to overseas sales itself continues. - FY2023-Q2MitigatedAnnual report
「Foreign exchange gain ¥7.779 million ¥217.897 million」
Compared with the foreign exchange gain of ¥7 million in the same period of the previous year, the Company recorded a foreign exchange gain of ¥217 million for the six months ended the second quarter. Although the impact of exchange-rate movements associated with overseas sales appeared on the profit side, exposure to overseas operations itself continues. - FY2023-Q1MitigatedAnnual report
「Foreign exchange gain — ¥92.932 million」
Compared with the foreign exchange loss of ¥61 million in the same period of the previous year, the Company recorded a foreign exchange gain of ¥92 million for the three months ended the first quarter, with the impact of exchange-rate movements on earnings appearing on the profit side. However, exposure to overseas sales itself continues. - FY2022Higher overseas ratio and foreign exchange gain recognizedAnnual report
「The overseas sales ratio of our group was 67.7% in the fiscal year ended March 2022, and our policy is to continue focusing on overseas markets, particularly in Asia. With respect to foreign exchange, we negotiate orders so that they are denominated in yen wherever possible.」
The overseas sales ratio increased from 63.5% in the previous fiscal year to 67.7%, expanding exposure to overseas operations. Meanwhile, the Company recorded a foreign exchange gain of ¥106 million in non-operating income during the current fiscal year. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gain — ¥44.082 million」
Compared with the foreign exchange loss recorded in the same period of the previous year, the Company recorded a foreign exchange gain of ¥44 million for the nine months ended the third quarter, with the impact of exchange-rate movements on earnings appearing on the profit side. Exposure to overseas sales itself continues. - FY2022-Q2MitigatedAnnual report
「Non-operating income Foreign exchange gain — ¥7.779 million」
Compared with the foreign exchange loss of ¥33 million in the same period of the previous year, the Company recorded a foreign exchange gain of ¥7.779 million for the six months ended the second quarter, turning the impact of exchange-rate movements associated with overseas sales to the profit side. Exposure to overseas operations itself continues. - FY2021Higher overseas ratio and reduced foreign exchange impactAnnual report
「The overseas sales ratio of our group was 63.5% in the fiscal year ended March 2021, and our policy is to continue focusing on overseas markets, particularly in Asia. With respect to foreign exchange, we negotiate orders so that they are denominated in yen wherever possible.」
The overseas sales ratio was 63.5% and exposure to overseas operations continued, while the foreign exchange loss decreased from ¥95 million in the previous fiscal year to ¥16 million in the current fiscal year. - FY2021-Q3MitigatedAnnual report
「Foreign exchange loss ¥61.518 million ¥53.636 million」
The foreign exchange loss for the nine months ended the third quarter decreased from ¥61.518 million in the same period of the previous year to ¥53.636 million, reducing the impact of exchange-rate movements associated with overseas sales on earnings. However, exposure to overseas operations itself continues. - FY2021-Q2MitigatedAnnual report
「Foreign exchange loss: ¥92.329 million; ¥33.806 million」
The foreign exchange loss decreased from ¥92.329 million in the same period of the previous year to ¥33.806 million, reducing the impact of exchange-rate movements associated with overseas sales on earnings in the quarter. However, exposure to overseas operations itself continues. - FY2021-Q1MitigatedAnnual report
「Foreign exchange loss ¥60.554 million ¥15.268 million」
The foreign exchange loss decreased from ¥60.554 million in the same period of the previous year to ¥15.268 million, reducing the impact of exchange-rate movements associated with overseas sales on earnings in the quarter. However, exposure to overseas operations itself continues. - FY2020MaterialisedAnnual report
「Foreign exchange loss: ¥95.386 million」
Although the overseas sales ratio declined to 57.8%, the Company recorded a foreign exchange loss of ¥95.386 million for the period, and foreign exchange risk associated with overseas operations materialized in earnings. - FY2020-Q3MaterialisedAnnual report
「As a result of recording a foreign exchange loss of ¥61 million in non-operating expenses, among other factors, ordinary profit was ¥923 million (up 8.0% year on year), while quarterly net profit attributable to owners of the parent was ¥732 million (down 0.8%).」
Foreign exchange risk associated with exposure to overseas sales continued to materialize as a foreign exchange loss of ¥61 million for the nine months ended the third quarter. - FY2020-Q2MaterialisedAnnual report
「As a result of recording a foreign exchange loss of ¥92 million in non-operating expenses, among other factors, ordinary profit was ¥299 million (down 37.2% year on year), and quarterly net profit attributable to owners of the parent was ¥217 million (down 36.1%).」
After the foreign exchange gain recorded in the same period of the previous year, the Company recorded a foreign exchange loss of ¥92 million for the six months ended the second quarter. Foreign exchange risk associated with exposure to overseas sales has again materialized as a loss. - FY2020-Q1MaterialisedAnnual report
「As a result of recording a foreign exchange loss of ¥60 million in non-operating expenses, among other factors, the Company posted an ordinary loss and a quarterly net loss attributable to owners of the parent.」
The Company swung from a foreign exchange gain of ¥97 million in the same period of the previous year to a foreign exchange loss of ¥60 million in the quarter. Foreign exchange risk associated with exposure to overseas sales has materialized as a loss. - FY2019WorsenedAnnual report
「The overseas sales ratio of our group was 74.4% in the fiscal year ended March 2019, and our policy is to continue focusing on overseas markets, particularly in Asia. For water-treatment equipment projects received by our group, we use the percentage-of-completion method to recognize revenue. Overseas projects in particular are often large in value, and the period from revenue recognition to collection of receivables can be lengthy. Consequently, trends in exchange rates and collection terms may affect the operating results and financial condition of our group.」
With the overseas sales ratio rising to 74.4%, the Company clearly identifies exposure arising from the long collection periods for large overseas projects, exchange rates and collection terms. - FY2019-Q3MitigatedAnnual report
「Profit increased due to the recognition of a foreign exchange gain in non-operating income and a gain on the sale of investments in an affiliated company of ¥192 million in extraordinary income, among other factors.」
Compared with the foreign exchange loss recorded in the same period of the previous year, the Company recorded a foreign exchange gain of ¥44.8 million for the nine months ended the third quarter, with the impact of exchange-rate movements on earnings appearing on the profit side. Exposure to overseas sales continues. - FY2019-Q2MitigatedAnnual report
「Profit increased due to the effect of higher revenue and the recognition of a foreign exchange gain in non-operating income, among other factors.」
Compared with the foreign exchange loss recorded in the same period of the previous year, the Company recorded a foreign exchange gain of ¥98.828 million for the six months ended the second quarter, with the impact of exchange-rate movements on earnings appearing on the profit side. - FY2019-Q1MitigatedAnnual report
「Profit increased significantly due to higher revenue and the recognition of a foreign exchange gain of ¥97 million.」
Rather than the foreign exchange loss recorded in the same period of the previous year, the Company recorded a foreign exchange gain of ¥97 million in the quarter, with the impact of exchange-rate movements on earnings appearing on the profit side. However, exposure to overseas sales itself continues. - FY2018WorsenedAnnual report
「The overseas sales ratio of our group was 67.8% in the fiscal year ended March 2018, and our policy is to continue focusing on overseas markets, particularly in Asia. Non-operating expenses increased by ¥107 million from the previous consolidated fiscal year to ¥191 million, mainly due to an increase in foreign exchange losses.」
With the overseas sales ratio at 67.8%, the foreign exchange loss increased from ¥46.35 million in the previous year to ¥132.75 million, expanding the impact of foreign exchange exposure on earnings. - FY2018-Q2MitigatedAnnual report
「Foreign exchange loss: ¥22.760 million (¥320.316 million in the same period of the previous year)」
The foreign exchange loss decreased from ¥320.316 million in the same period of the previous year to ¥22.76 million, reducing the impact of exchange-rate movements associated with overseas operations on earnings compared with the same period of the previous year. - FY2018-Q1MitigatedAnnual report
「Total non-operating expenses were ¥14 million (¥283 million in the same period of the previous year), including a foreign exchange loss of ¥5 million (¥275 million in the same period of the previous year).」
The foreign exchange loss for the quarter decreased from ¥275.317 million in the same period of the previous year to ¥5.309 million, reducing the impact of exchange-rate movements on earnings compared with the same period of the previous year. Exposure to overseas sales itself continues. - FY2017RestatedAnnual report
「The overseas sales ratio of our group was 65.7% in the fiscal year ended March 2017, and our policy is to continue focusing on overseas markets, particularly in Asia.」
We continue to disclose the overseas sales ratio of 65.7%, exchange rates, collection terms and exposure to country risk. - FY2017-Q2WorsenedAnnual report
「Although the company focused on reducing selling, general and administrative expenses, lower sales and a decline in gross profit margin resulted in an operating loss. In addition, recording ¥320 million in foreign exchange losses as a non-operating expense resulted in an ordinary loss and a quarterly net loss attributable to owners of the parent.」
Foreign exchange risk associated with overseas expansion continued to materialize during the cumulative consolidated second quarter as ¥320 million in foreign exchange losses. - FY2017-Q1MaterialisedAnnual report
「The recognition of ¥275 million in foreign exchange losses as a non-operating expense resulted in an ordinary loss of ¥545 million, compared with an ordinary loss of ¥204 million in the same period of the previous year. Net loss attributable to owners of the parent was ¥542 million, compared with a net loss attributable to owners of the parent of ¥198 million in the same period of the previous year.」
Foreign exchange risk associated with overseas expansion materialized during the quarter as ¥275.317 million in foreign exchange losses. - FY2016First statedAnnual report
「Overseas sales accounted for 71% of our Group's sales in the fiscal year ended March 2016, and we intend to continue focusing on overseas markets, particularly in Asia.」
In addition to exposure represented by overseas sales accounting for 71%, the company states that extended receivables collection periods, foreign exchange rates and country risk could affect performance and financial condition. It also recorded ¥136.52 million in foreign exchange losses during the period.