Foreign Exchange Risk Associated with Increases in Overseas Sales and Foreign-Currency Transactions
First written in FY2018. 5 of 11 entries say "Materialised", first in FY2023-Q2. Latest entry: 2026-11-06.
Towa moved to the "Worse" side of this theme in 2021, 5 years after the typical company in this theme (2016).
The whole theme swung hardest in 2019: 33 of 70 companies on the "Worse" side.
12 other companies' latest entry also says "Materialised".
- 2026-11-06MaterialisedResults
「為替差損 311,134 770,674」
当中間期の為替差損が前年同期の3億1,113万4千円から7億7,067万4千円へ増加し、為替変動の影響が実績として更新された。 - FY2026MaterialisedAnnual report
「Foreign exchange losses 456,793」
Full-year foreign exchange losses were ¥456.793 million, up from ¥31.466 million in the previous fiscal year. The realized impact of foreign exchange fluctuations was disclosed. - 2026-05-11MaterialisedResults
「為替差損 31,466 456,793」
当期の為替差損が4億5,679万3千円となり、前年の3,146万6千円から増加した。 - FY2026-H1Update to interim-period foreign exchange lossesAnnual report
「Foreign exchange losses 311,134」
Foreign exchange losses of ¥311.134 million were recorded for the interim period, updating the realized impact of foreign exchange fluctuations. - FY2025Update on full-year foreign exchange lossesAnnual report
「Foreign exchange losses 31,466」
Foreign exchange losses of ¥31.466 million were recorded in the consolidated income statement for the full year, updating the realized impact of foreign exchange fluctuations. - FY2025-H1MaterialisedAnnual report
「Foreign exchange losses 316,512」
Foreign exchange losses of ¥316.512 million were recorded in the income statement for the interim period, disclosing the realized impact of foreign exchange fluctuations. - FY2023-Q3Update to the foreign exchange impact amountAnnual report
「Profit at every level declined year on year because the sharp depreciation of the yen increased the yen-denominated costs of overseas subsidiaries and fixed costs rose, including personnel expenses to achieve “TOWA Vision 2032” and R&D expenses to anticipate customer needs. Impact of foreign exchange fluctuations ¥1,310 million decrease」
The increase in overseas subsidiary costs resulting from the sharp depreciation of the yen was quantified as a factor reducing operating profit by ¥1,310 million. - FY2023-Q2MaterialisedAnnual report
「With respect to profit, despite the increase in net sales, costs at overseas subsidiaries increased substantially due to the sharp depreciation of the yen, and」
The sharp depreciation of the yen increased costs at overseas subsidiaries, materializing as a factor that reduced operating profit by ¥1.001 billion through foreign exchange movements. - FY2021WorsenedAnnual report
「Therefore, when overseas subsidiaries construct factories or make large-scale investments in equipment, yen-denominated loans from the company to its overseas subsidiaries (parent-subsidiary loans) may temporarily become substantial, and exchange losses may arise on those loans depending on movements in exchange rates.」
The company newly stated that, in addition to overseas sales and foreign-currency transactions, yen-denominated parent-subsidiary loans to overseas subsidiaries could be a source of foreign exchange losses. - FY2019RestatedAnnual report
「In addition, even when the transaction itself is denominated in yen, the company may be exposed to foreign exchange risk in the form of an effective decline in selling prices if negotiations are conducted using prices converted into a foreign currency.」
The company continues to explain that, in addition to the high proportion of overseas sales and the increase in foreign-currency transactions, yen-denominated transactions may also be exposed to foreign exchange risk through negotiations based on prices converted into foreign currencies. - FY2018First statedAnnual report
「The semiconductor manufacturing equipment business has a high proportion of overseas sales and conducts transactions in yen wherever possible to avoid foreign exchange risk. However, some transactions must be conducted in foreign currencies, and their proportion tends to increase. Accordingly, sharp foreign exchange movements could place pressure on the Group's earnings and affect its performance.」
The company separately identifies the risk that sharp foreign exchange movements could pressure earnings, given the high proportion of overseas sales and the increasing trend in the proportion of foreign-currency transactions.