Foreign-exchange risk related to export sales
First written in FY2016. 6 of 14 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-05-13.
Nikko moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 13 of 23 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- 2026-05-13RestatedEarnings
「For imports, we hedge foreign-exchange fluctuation risk through advance foreign-currency purchases and forward exchange contracts. However, unhedged exposures may be affected by exchange-rate fluctuations, and a weaker yen may reduce the price competitiveness of products sold by the Company.」
Foreign-exchange risk relating to mobile plants imported from Europe, together with hedging through foreign-currency purchases and forward exchange contracts, is restated. - FY2023ReframedAnnual report
「The main products in the company's mobile plant business are imported from Europe and sold. For imports, the company hedges foreign exchange risk by purchasing foreign currency in advance or entering into forward foreign exchange contracts, but may be exposed to foreign exchange rate fluctuation risk when the exposure is not hedged.」
Separate from the previously removed foreign exchange risk centered on export sales, the company has disclosed foreign exchange risk related to procuring mobile plants imported from Europe and indicated that it hedges this risk through foreign currency purchases and forward foreign exchange contracts. - FY2020DroppedAnnual report
「Until the previous consolidated fiscal year, fluctuations in foreign exchange rates were listed as a business risk. However, the company determined that the significance of the risk posed by foreign exchange rate fluctuations to its business had declined and removed it.」
The company explicitly states that foreign exchange rate fluctuation risk was removed from its business risk items. - FY2020-Q3WorsenedAnnual report
「Foreign exchange loss 20」
The foreign exchange loss for the nine months ended the third quarter was ¥20 million, up from ¥11 million in the same period of the previous year, indicating that the impact of foreign exchange fluctuations had increased year on year. - FY2020-Q2WorsenedAnnual report
「Foreign exchange loss 28」
The foreign exchange loss for the six months ended the second quarter was ¥28 million, up from ¥5 million in the same period of the previous year, indicating a greater impact of foreign exchange fluctuations on results. - FY2020-Q1WorsenedAnnual report
「Foreign exchange loss 14」
The foreign exchange loss in the first quarter was ¥14 million, up from ¥3 million in the same period of the previous year, indicating a greater impact of foreign exchange fluctuations on results. - FY2019MaterialisedAnnual report
「In Indonesia, sales declined year on year due to a sharp depreciation of the local currency.」
The sharp depreciation of the Indonesian currency resulted in a year-on-year decline in overseas sales. - FY2019-Q3MaterialisedAnnual report
「Foreign exchange loss 11」
A ¥11 million foreign exchange loss was recorded as a non-operating expense during the nine months ended the third quarter, with the impact of foreign exchange fluctuations reflected in results. - FY2019-Q2MaterialisedAnnual report
「Foreign exchange loss 5」
A ¥5 million foreign exchange loss was recorded as a non-operating expense during the six months ended the second quarter, with the impact of foreign exchange fluctuations reflected in results. - FY2019-Q1MaterialisedAnnual report
「Foreign exchange losses」
A ¥3 million foreign exchange loss was recorded as a non-operating expense in the first quarter, with the impact of foreign exchange fluctuations reflected in results. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company maintains its previous risk assessment through a comprehensive statement that there have been no material changes in the foreign exchange risk related to export sales. - FY2017MaterialisedAnnual report
「Non-operating expenses decreased by ¥62 million from the previous consolidated fiscal year to ¥152 million. This was mainly due to foreign exchange losses.」
The foreign exchange risk resulted in a ¥12 million foreign exchange loss being recorded as a non-operating expense during the fiscal year. - FY2017-Q2MaterialisedAnnual report
「Overseas sales were flat year on year, although sales in China declined in yen terms due to the depreciation of the renminbi.」
The foreign exchange risk has materialized, with the depreciation of the renminbi reducing China sales when translated into yen. - FY2016First statedAnnual report
「Foreign exchange rate fluctuations affect the company's operating performance, financial position, and competitiveness.」
The company recognizes the impact of foreign exchange fluctuations associated with exports to multiple countries and foreign-currency sales, and has disclosed a hedging policy using forward foreign exchange contracts.