Impact of the rapid appreciation of the yen on orders and financial results
First written in FY2016-Q3. 12 of 25 entries say "Mitigated", first in FY2020-Q1. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1MitigatedAnnual report
「Net assets increased by ¥3.549 billion, mainly due to an increase in the foreign currency translation adjustment, to ¥70.769 billion.」
Net assets increased by ¥3.549 billion from the previous year-end, mainly due to an increase in the foreign currency translation adjustment, and no adverse translation impact from yen appreciation appeared during the interim period. - FY2025MitigatedAnnual report
「Net assets at the end of the current consolidated fiscal year increased by ¥5.595 billion from the previous consolidated fiscal year to ¥67.219 billion. This was mainly due to a ¥3.628 billion increase in the foreign currency translation adjustment.」
The foreign currency translation adjustment increased by ¥3.628 billion, and net assets increased. Compared with FY2024, no negative impact of foreign currency translation on net assets appeared. - FY2025-H1MitigatedAnnual report
「Net assets increased by ¥2.715 billion, mainly due to increases in retained earnings and the foreign currency translation adjustment, to ¥64.338 billion.」
The foreign currency translation adjustment increased from ¥4,174 million at the end of the previous consolidated fiscal year to ¥5,266 million, and no negative impact of foreign currency translation on net assets appeared during the interim period. - FY2024Yen depreciation contributed to sales, while the foreign currency translation adjustment declinedAnnual report
「Sales increased 7.4% year on year to ¥85.432 billion, partly due to the effect of yen depreciation.」
Yen depreciation was cited as a factor increasing sales on a yen-denominated basis, while the foreign currency translation adjustment decreased from ¥4,572 million to ¥4,174 million. - FY2024-Q2MitigatedAnnual report
「Net assets increased by ¥3.335 billion, mainly due to increases in retained earnings and the foreign currency translation adjustment, to ¥62.238 billion.」
Net assets increased, mainly due to an increase in the foreign currency translation adjustment against a backdrop of yen depreciation, and the previous adverse translation impact of yen appreciation did not appear during the quarter. - FY2024-Q1MaterialisedAnnual report
「Net assets decreased by ¥392 million, mainly due to a decrease in the foreign currency translation adjustment, to ¥58.511 billion.」
The foreign currency translation adjustment decreased from ¥4.572 billion at the end of the previous consolidated fiscal year to ¥3.744 billion, with the impact of foreign exchange appearing in the results as a factor reducing net assets. - FY2023MitigatedAnnual report
「The renewed strengthening of the yen's depreciation trend against the US dollar and euro also had a favorable effect on yen-denominated translation.」
Unlike the previous adverse translation impact of yen appreciation, yen depreciation contributed to higher sales on a yen-denominated basis. Exchange rate movements themselves are continuing. - FY2023-Q3MitigatedAnnual report
「Net assets increased by ¥2.489 billion, mainly due to an increase in the foreign currency translation adjustment, to ¥56.247 billion.」
Net assets increased, mainly due to an increase in the foreign currency translation adjustment. The adjustment increased from ¥1.062 billion at the end of the previous consolidated fiscal year to ¥4.057 billion, reducing the previous negative impact of yen appreciation on net assets. - FY2023-Q2Continued decrease in the foreign currency translation adjustmentAnnual report
「Foreign currency translation adjustment 1,062 861」
The foreign currency translation adjustment decreased from ¥1.062 billion at the end of the previous consolidated fiscal year to ¥861 million, becoming a factor reducing net assets. - FY2023-Q1Decline in Foreign Currency Translation AdjustmentAnnual report
「Net assets decreased by ¥54 million, mainly due to a decrease in the foreign currency translation adjustment, to ¥53.703 billion.」
The foreign currency translation adjustment fell from ¥1.062 billion at the end of the previous consolidated fiscal year to negative ¥3 million at the end of the first quarter, appearing in the results as a factor reducing net assets. - FY2022MaterialisedAnnual report
「Although the economy is considered to be recovering, supported by factors including increased personal consumption, import prices, particularly for food and energy, have surged as the yen has depreciated against a backdrop of higher resource prices and a widening US-Japan interest rate differential. With the external environment deteriorating significantly, the outlook for the normalization of economic activity remains uncertain.」
Unlike the previous translation impact of yen appreciation, the continued depreciation of the yen has caused import prices to surge in real terms and was cited as a factor adversely affecting the business environment and earnings. - FY2022-Q3Concern over earnings deterioration from continued yen depreciationAnnual report
「In Japan, in addition to sluggish production of transport equipment and capital goods due to shortages of semiconductors and transport equipment components caused by the Shanghai lockdown, the yen has depreciated rapidly due in part to differences in monetary policy among countries, raising concerns over earnings deterioration in the materials industry and other sectors.」
The business environment was described as involving concern that, contrary to the previous impact of yen appreciation, rapid yen depreciation could lead to earnings deterioration in the materials industry and other sectors. - FY2022-Q2MitigatedAnnual report
「Net assets increased by ¥3.814 billion, mainly due to increases in retained earnings and the foreign currency translation adjustment, to ¥49.754 billion.」
The foreign currency translation adjustment increased from negative ¥3.526 billion at the previous year-end to negative ¥1.502 billion, reducing the negative impact of yen appreciation on net assets. - FY2022-Q1MitigatedAnnual report
「Net assets increased by ¥721 million, mainly due to increases in retained earnings and the foreign currency translation adjustment, to ¥46.661 billion.」
The foreign currency translation adjustment increased from negative ¥3.526 billion at the previous year-end to negative ¥3.175 billion, reducing the negative impact of yen appreciation on net assets. - FY2021MitigatedAnnual report
「Net assets at the end of the current consolidated fiscal year increased by ¥5.364 billion from the previous consolidated fiscal year to ¥45.939 billion. This was mainly due to increases of ¥3.808 billion in retained earnings and ¥1.422 billion in the foreign currency translation adjustment.」
The foreign currency translation adjustment increased by ¥1.422 billion, reducing the negative impact of yen appreciation on net assets compared with the previous year-end. - FY2021-Q3MitigatedAnnual report
「Net assets increased by ¥3,965 million, mainly due to increases in retained earnings and the foreign currency translation adjustment, to ¥44,541 million.」
The foreign currency translation adjustment increased from negative ¥4.949 billion at the end of the previous consolidated fiscal year to negative ¥3.297 billion, reducing the adverse impact of yen appreciation on net assets compared with the previous year-end. Although the risk is quantified, no deterioration during this period is mentioned. - FY2021-Q2MitigatedAnnual report
「Net assets increased by ¥2,884 million, mainly due to increases in retained earnings and the foreign currency translation adjustment, to ¥43,459 million.」
As the foreign currency translation adjustment increased and the negative balance narrowed compared with the end of the previous fiscal year, the adverse impact of the yen's appreciation on net assets was reduced from the previous fiscal year-end. - FY2020-Q1MitigatedAnnual report
「Net assets increased by ¥1,441 million, mainly because the negative foreign currency translation adjustment narrowed as the yen weakened, to ¥38,273 million.」
The company stated that the weaker yen narrowed the negative foreign currency translation adjustment, increasing net assets. - FY2019-Q3MaterialisedAnnual report
「Net assets decreased by ¥544 million, mainly because the negative foreign currency translation adjustment widened as the yen appreciated, to ¥36,754 million.」
The widening negative foreign currency translation adjustment resulting from the yen's appreciation was reflected in the decline in net assets at the end of the third quarter. - FY2019-Q2MaterialisedAnnual report
「Net assets decreased by ¥160 million, mainly because the negative foreign currency translation adjustment widened as the yen appreciated, to ¥37,138 million.」
The widening negative foreign currency translation adjustment resulting from the yen's appreciation continued to be reflected in the decline in net assets at the end of the second quarter. - FY2019-Q1MaterialisedAnnual report
「Net assets decreased by ¥1,117 million, mainly because the negative foreign currency translation adjustment widened as the yen appreciated, to ¥36,182 million.」
The widening negative foreign currency translation adjustment resulting from the yen's appreciation was reflected in the decline in net assets at the end of the first quarter. - FY2018RestatedAnnual report
「The performance of the Group is affected primarily by fluctuations in foreign exchange rates for the Japanese yen, US dollar, euro and British pound, among other currencies.」
Foreign currency translation risk and transaction risk continue to be disclosed. - FY2017RestatedAnnual report
「The performance of the Group is affected primarily by fluctuations in foreign exchange rates for the Japanese yen, US dollar, euro and British pound, among other currencies.」
Foreign currency translation risk and transaction risk continue to be disclosed as business risks. - FY2016MaterialisedAnnual report
「As the yen appreciated against major currencies such as the euro and US dollar, orders received for the fiscal year declined 6.5% year on year to ¥46,959 million, the order backlog declined 0.5% to ¥17,459 million, and net sales declined 5.7% to ¥44,664 million.」
The company stated that the yen's appreciation was reflected in lower full-year orders received, order backlog and net sales, as well as a reduction resulting from translation into yen. - FY2016-Q3First statedAnnual report
「However, due to the sharp appreciation of the yen, orders received in the nine-month period ended in the third quarter were ¥35,813 million, down 4.5% year on year, and the order backlog was ¥19,125 million, down 10.5%.」
The company cited the sharp appreciation of the yen as a factor behind the declines in orders received and the order backlog. The negative foreign currency translation adjustment also widened compared with the end of the year-earlier period.