Impact of Sharp Exchange-Rate Fluctuations on Earnings
First written in FY2017-Q1. 6 of 29 entries say "Restated". Latest entry: FY2026.
Tsurumi Manufacturing moved to the "Worse" side of this theme in 2019, 2 years after the typical company in this theme (2017).
The whole theme swung hardest in 2019: 74 of 128 companies on the "Worse" side.
37 other companies' latest entry also says "Other".
- FY2026Full-year recognition of foreign exchange gains from the weaker yenAnnual report
「Ordinary profit was ¥13,603 million, up ¥3,110 million, or 29.6%, from the previous fiscal year, mainly because foreign-exchange gains recognized in the current fiscal year amounted to ¥1,771 million as the yen weakened toward the fiscal year-end.」
Foreign-exchange gains of ¥1,771 million due to the weaker yen, replacing the previous year's foreign-exchange losses, boosted full-year ordinary profit. - FY2026-H1The yen's depreciation and a reduction in foreign-exchange losses occurring concurrentlyAnnual report
「Ordinary profit was ¥5,826 million, up ¥2,107 million, or 56.7%, from the same interim period of the previous year, mainly because foreign-exchange losses recognized in the current interim period amounted to ¥204 million, as the yen weakened toward the end of the interim period, compared with ¥977 million in the same interim period of the previous year.」
Foreign-exchange losses decreased from ¥977 million in the same period of the previous year to ¥204 million in the current interim period, with the yen's depreciation and the reduction in foreign-exchange losses boosting ordinary profit. - FY2025MaterialisedAnnual report
「Ordinary profit was ¥10,492 million, down ¥2,146 million, or 17.0%, from the previous fiscal year, mainly because the company recognized foreign-exchange losses of ¥446 million in the current fiscal year after the previous trend of yen depreciation had abated, compared with foreign-exchange gains of ¥2,625 million recorded as non-operating income in the previous fiscal year.」
Foreign-exchange gains of ¥2,625 million in the previous year turned into foreign-exchange losses of ¥446 million in the current period, with foreign-exchange movements resulting in a 17.0% decline in ordinary profit. - FY2025-H1MaterialisedAnnual report
「Ordinary profit was ¥3,719 million, down ¥3,230 million, or 46.5%, from the same interim period of the previous year, mainly because the company recognized foreign-exchange losses of ¥977 million in the current interim period as the yen strengthened, compared with foreign-exchange gains of ¥2,281 million in the same interim period of the previous year.」
Foreign-exchange gains due to the weaker yen in the same period of the previous year turned into foreign-exchange losses of ¥977 million due to the stronger yen in the current interim period, and foreign-exchange movements materially affected ordinary profit. - FY2024-Q3Continued recognition of foreign-exchange gains due to the weaker yenAnnual report
「Foreign-exchange gains 1,143 1,501」
Recognition of foreign-exchange gains due to the weaker yen continued, reaching ¥1,501 million for the cumulative third quarter under review. - FY2024-Q2Continued increase in foreign-exchange gains due to the weaker yenAnnual report
「Ordinary profit was ¥6,949 million, up ¥1,900 million, or 37.6%, from the same quarter of the previous year, mainly because the company recognized foreign-exchange gains of ¥2,281 million in the cumulative second quarter under review as the yen weakened.」
Foreign-exchange gains due to the weaker yen amounted to ¥2,281 million, up from ¥2,106 million in the same period of the previous year, and became a factor boosting ordinary profit. - FY2023Full-year recognition of foreign exchange gains from the weaker yenAnnual report
「Ordinary profit was ¥8,991 million, up ¥1,623 million, or 22.0%, from the previous fiscal year, mainly because the company recognized foreign-exchange gains of ¥1,083 million due to the weaker yen as non-operating income in the current fiscal year.」
Foreign-exchange movements again emerged as a factor boosting ordinary profit, through foreign-exchange gains of ¥1,083 million due to the weaker yen. - FY2023-Q3Continued recognition of foreign-exchange gains due to the weaker yenAnnual report
「Ordinary profit was ¥6,635 million, up ¥2,086 million, or 45.9%, from the same quarter of the previous year, mainly because the company recognized foreign-exchange gains of ¥1,143 million in the cumulative third quarter under review as the yen weakened.」
Foreign-exchange gains of ¥1,143 million due to the weaker yen were recognized, with foreign-exchange movements continuing to boost ordinary profit. - FY2023-Q2Higher foreign exchange gains from yen depreciationAnnual report
「Ordinary profit was ¥5,049 million, up ¥2,133 million, or 73.2%, from the same quarter of the previous year, mainly because the company recognized foreign-exchange gains of ¥2,106 million in the cumulative second quarter under review as the yen weakened.」
Foreign-exchange gains of ¥2,106 million due to the weaker yen were recognized, becoming a factor that boosted ordinary profit by 73.2% year on year. - FY2023-Q1Continued recognition of foreign-exchange gains due to the weaker yenAnnual report
「Ordinary profit was ¥2,806 million, up ¥1,356 million, or 93.6%, from the same quarter of the previous year, mainly because the company recognized foreign-exchange gains of ¥1,264 million in the cumulative first quarter under review as the yen weakened.」
Foreign-exchange gains of ¥1,264 million due to the weaker yen were recognized, with foreign-exchange movements continuing to emerge as a factor boosting ordinary profit in the current quarter. - FY2022Significant increase in foreign-exchange gains due to the weaker yenAnnual report
「Ordinary profit was ¥7,368 million, up ¥963 million, or 15.0%, from the previous fiscal year, mainly because foreign-exchange gains recorded as non-operating income increased by ¥901 million year on year, driven particularly by the rapid weakening of the yen toward the fiscal year-end.」
The rapid weakening of the yen increased foreign-exchange gains by ¥901 million year on year, with foreign-exchange movements emerging as a significant factor boosting full-year ordinary profit. - FY2022-Q3Continued recognition of foreign-exchange gains due to the weaker yenAnnual report
「Ordinary profit was ¥4,548 million, up ¥1,147 million, or 33.7%, from the same quarter of the previous year, mainly because the company recognized foreign-exchange gains of ¥390 million in the cumulative third quarter under review as the yen weakened, compared with foreign-exchange losses of ¥280 million in the same period of the previous year.」
Foreign-exchange losses of ¥280 million in the same period of the previous year turned into foreign-exchange gains of ¥390 million due to the weaker yen in the current quarter, with foreign-exchange movements continuing to emerge as a factor boosting profit. - FY2022-Q2Recognition of foreign-exchange gains due to the weaker yenAnnual report
「Ordinary profit was ¥2,915 million, up ¥367 million, or 14.4%, from the same quarter of the previous year, mainly because the company recognized foreign-exchange gains of ¥117 million in the cumulative second quarter under review as the yen weakened, compared with foreign-exchange losses of ¥150 million in the same period of the previous year.」
Foreign-exchange losses of ¥150 million due to the stronger yen in the same period of the previous year turned into foreign-exchange gains of ¥117 million due to the weaker yen in the current quarter, with foreign-exchange movements emerging as a factor boosting profit. - FY2021Changeover to foreign-exchange gains due to the weaker yenAnnual report
「Ordinary profit was ¥6,404 million, up ¥929 million, or 17.0%, from the previous fiscal year, mainly because the company recognized foreign-exchange gains of ¥252 million in the current fiscal year as the yen weakened, compared with foreign-exchange losses of ¥267 million in the previous fiscal year, and recognized ¥175 million in investment gains on securities.」
Foreign-exchange losses of ¥267 million due to the stronger yen in the previous year turned into foreign-exchange gains of ¥252 million due to the weaker yen in the current period, with foreign-exchange movements emerging as a factor boosting profit. - FY2021-Q3MaterialisedAnnual report
「Investment gains on securities, recorded as non-operating income, increased by ¥106 million year on year, but ordinary profit declined by ¥115 million, or 3.3%, to ¥3,400 million compared with the same quarter of the previous year, due mainly to a ¥102 million year-on-year increase in foreign-exchange losses, recorded as non-operating expenses, and the recognition of a ¥99 million valuation loss on swaps.」
Foreign-exchange volatility affected profit through foreign-exchange losses, which increased by ¥102 million year on year. - FY2020MaterialisedAnnual report
「Although a ¥278 million foreign-exchange gain was recorded in the previous consolidated fiscal year, a ¥267 million foreign-exchange loss was recorded in the current consolidated fiscal year because of the stronger yen, among other factors, causing ordinary profit to decline 4.5% from the previous consolidated fiscal year to ¥5,475 million」
Foreign-exchange gains of ¥278 million in the previous year turned into foreign-exchange losses of ¥267 million due to the stronger yen, and foreign-exchange volatility materially affected full-year ordinary profit. - FY2020-Q3RestatedAnnual report
「Although a ¥277 million foreign-exchange gain was recorded in the same quarter of the previous fiscal year, a ¥177 million foreign-exchange loss was recorded in the third quarter of the current fiscal year because of the stronger yen, among other factors,」
The foreign-exchange gain in the same period of the previous year turned into a ¥177 million foreign-exchange loss due to the stronger yen in the current quarter, and the impact of exchange-rate movements on profits continues. - FY2020-Q2MaterialisedAnnual report
「Although a ¥453 million foreign-exchange gain was recorded in the same quarter of the previous fiscal year, a ¥302 million foreign-exchange loss was recorded in the second quarter of the current fiscal year because of the stronger yen, among other factors,」
The foreign-exchange gain of ¥453 million in the same period of the previous year turned into a ¥302 million foreign-exchange loss due to the stronger yen in the current quarter, showing that exchange-rate movements have actually affected profits. - FY2020-Q1MaterialisedAnnual report
「Although a ¥256 million foreign-exchange gain was recorded in the same quarter of the previous fiscal year, a ¥230 million foreign-exchange loss was recorded in the first quarter of the current fiscal year because of the stronger yen, among other factors,」
The foreign-exchange gain of ¥256 million in the same period of the previous year turned into a ¥230 million foreign-exchange loss due to the stronger yen in the current quarter, showing that exchange-rate risk has actually affected profits. - FY2019The full-year impact of the weaker yen becomes apparentAnnual report
「Ordinary profit increased 21.9% from the previous consolidated fiscal year to ¥5,734 million, as the yen remained weak and foreign-exchange gains were recorded as non-operating income.」
Exchange-rate movements emerged as foreign-exchange gains from the weaker yen during the fiscal year and contributed to higher ordinary profit. - FY2019-Q3Continued recognition of foreign-exchange gainsAnnual report
「Foreign-exchange gain 22 277」
Compared with the ¥22 million foreign-exchange gain in the same period of the previous year, a ¥277 million foreign-exchange gain was recorded for the first 9 months of the current third quarter, and exchange-rate movements continued to affect profits. - FY2019-Q2The impact of the weaker yen becomes apparentAnnual report
「Ordinary profit increased ¥589 million, or 29.8%, from the same quarter of the previous fiscal year to ¥2,566 million, mainly because of foreign-exchange gains resulting from the weaker yen. Net income attributable to owners of the parent increased ¥472 million, or 35.7%, to ¥1,796 million.」
A ¥453 million foreign-exchange gain resulting from the weaker yen was recorded, showing that exchange-rate movements boosted profits in the quarter. - FY2018MitigatedAnnual report
「To mitigate the impact of exchange-rate fluctuations on operating results, we seek to settle foreign-currency import transactions primarily in U.S. dollars and use forward exchange contracts, but significant exchange-rate fluctuations could affect the operating results of our group.」
Although exchange-rate risk remains, specific measures to limit its impact have been disclosed, including U.S.-dollar settlements and forward exchange contracts. - FY2018-Q3RestatedAnnual report
「Sharp exchange-rate fluctuations or other factors could have a material impact on profits.」
The potential impact of sharp exchange-rate fluctuations on profits continues to be disclosed alongside other factors putting pressure on profits. - FY2018-Q2RestatedAnnual report
「Factors having a material impact on the operating results of our group include concerns over rising raw material prices amid intensifying price competition. If the increase in raw material prices cannot be absorbed through cost reductions in manufacturing costs, selling, general and administrative expenses, or if sharp exchange-rate fluctuations or other factors have a material impact on profits,」
The potential impact of sharp exchange-rate fluctuations on profits continues to be disclosed alongside other factors putting pressure on profits. - FY2018-Q1RestatedAnnual report
「Factors having a material impact on the operating results of our group include concerns over rising raw material prices amid intensifying price competition. If the increase in raw material prices cannot be absorbed through cost reductions in manufacturing costs, selling, general and administrative expenses, or if sharp exchange-rate fluctuations or other factors have a material impact on profits,」
The potential impact of sharp exchange-rate fluctuations on profits continues to be disclosed. Meanwhile, the decline in foreign-exchange losses due to the weaker yen is cited as a factor behind the increase in ordinary profit for the quarter. - FY2017-Q3RestatedAnnual report
「Factors having a material impact on the operating results of our group include concerns over rising raw material prices amid intensifying price competition. If the increase in raw material prices cannot be absorbed through cost reductions in manufacturing costs, selling, general and administrative expenses, or if sharp exchange-rate fluctuations or other factors have a material impact on profits,」
The potential impact of sharp exchange-rate fluctuations on profits continues to be disclosed alongside price competition and rising raw material prices. - FY2017-Q2RestatedAnnual report
「Sharp exchange-rate fluctuations or other factors could have a material impact on profits.」
Exchange-rate fluctuations continue to be explicitly identified as a risk to profits, and a ¥562 million foreign-exchange loss due to the stronger yen was also recorded. - FY2017-Q1First statedAnnual report
「Sharp exchange-rate fluctuations or other factors could have a material impact on profits.」
Exchange-rate fluctuations are explicitly identified as a risk to profits, and the quarter included a ¥481 million foreign-exchange loss and a decrease in the foreign currency translation adjustment account.