Risk of Foreign Exchange Rate Fluctuations
First written in FY2021. 11 of 18 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2024: 14 of 32 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2027-H1The impact of yen depreciation has re-emerged as a revenue growth driverAnnual report
「As a result of unit sales during the current interim consolidated cumulative period exceeding those in the same period of the previous year, the pass-through of U.S. tariffs through pricing, price increases for sales to European distributors, the impact of the weaker yen and other factors, net sales were ¥132.383 billion, up 16.0% year on year.」
After the impact of yen appreciation was cited as a factor reducing profit in the previous fiscal year, the impact of yen depreciation, together with price increases and other factors, emerged as a revenue growth driver during the current interim consolidated accounting period. - FY2026MaterialisedAnnual report
「Although US tariffs reduced profit by ¥3,167 million, with ¥1,971 million of the ¥5,138 million increase in tariff costs passed through into prices, and foreign-exchange movements also reduced profit,」
The adverse impact of exchange-rate movements materialized as a factor reducing operating profit. At the same time, the company recorded foreign-exchange gains of ¥1,075 million, and the impact of exchange rates continues to be reflected in results. - FY2026-H1The impact of yen appreciation became evidentAnnual report
「Orders were broadly in line with the previous year as the impact of yen appreciation weighed on order intake.」
Unlike the previous boost to revenue and profit from yen depreciation, during the current interim consolidated accounting period yen appreciation emerged as a factor weighing on order intake. The impact of yen appreciation also reduced operating profit. - FY2025-H1RestatedAnnual report
「As a result, sales volume during the current interim consolidated accounting period was below the year-earlier level, but revenue was ¥109,660 million, up 4.2% year on year, due to the impact of yen depreciation and product price increases.」
While sales volume was below the year-earlier level, the impact of yen depreciation, together with product price increases, emerged as a factor boosting revenue, and the impact of foreign exchange on results has continued. - FY2024RestatedAnnual report
「Overseas sales account for more than 95% of our group’s consolidated revenue, most of which is generated in European and US markets, and are affected by exchange rates for the US dollar, pound sterling and euro.」
The company continues its hedging policy in response to its dependence on overseas sales and foreign-exchange risk involving the US dollar, pound sterling and euro, using forward exchange contracts and increased purchases denominated in foreign currencies. - FY2024-Q3RestatedAnnual report
「In addition to increased sales volume, product price increases and the impact of yen depreciation resulted in revenue of ¥84,925 million, up 15.3% year on year,」
The impact of yen depreciation, together with product price increases, continues to be reflected in results as a factor boosting revenue. However, the company also recorded foreign-exchange losses during the cumulative nine-month period, and the impact of exchange-rate movements has continued. - FY2024-Q2RestatedAnnual report
「In addition to increased sales volume to European distributors, product price increases and the impact of yen depreciation resulted in revenue of ¥36,166 million, up 22.8% year on year.」
The impact of yen depreciation, together with product price increases, continues to be reflected in results as a factor boosting revenue. - FY2024-Q1RestatedAnnual report
「Due to product price increases and the impact of yen depreciation, revenue was ¥19,128 million, up 13.2% year on year.」
The impact of yen depreciation, together with product price increases, continues to be reflected in results as a factor boosting revenue. - FY2023RestatedAnnual report
「Overseas sales account for more than 95% of our group’s consolidated revenue, most of which is generated in European and US markets, and are affected by exchange rates for the US dollar, pound sterling and euro.」
The company continues to highlight its dependence on overseas sales, foreign-exchange risk involving the US dollar, pound sterling and euro, and its hedging policy using forward exchange contracts and other measures. - FY2023-Q3RestatedAnnual report
「Historic inflation and rapid interest-rate hikes in Europe and the US aimed at stabilizing prices have adversely affected both business and consumer activity and caused sharp fluctuations in foreign-exchange markets, and the outlook has remained increasingly uncertain.」
The company explains that sharp foreign-exchange fluctuations accompanying rapid interest-rate hikes and uncertainty over the outlook have continued. - FY2023-Q2WorsenedAnnual report
「Historic inflation and rapid interest-rate hikes in Europe and the US aimed at stabilizing prices have adversely affected both business and consumer activity and caused sharp fluctuations in foreign-exchange markets, making the outlook more uncertain.」
The company explicitly describes sharp foreign-exchange fluctuations accompanying rapid interest-rate hikes, indicating increased uncertainty in the external environment, including exchange-rate movements. It also recorded foreign-exchange gains of ¥1,194 million for the cumulative period of the current quarter. - FY2023-Q1RestatedAnnual report
「Although higher raw-material prices and freight costs were factors reducing profit, the impact was absorbed by higher revenue from increased sales volume, product price increases and the impact of yen depreciation,」
The impact of yen depreciation, together with product price increases, has emerged as a factor absorbing higher raw-material prices and freight costs, and the impact of exchange-rate movements continues to be reflected in results. - FY2022-Q3RestatedAnnual report
「With the tailwind from yen depreciation, revenue was ¥11,488 million, up 72.4% year on year.」
Yen depreciation continues to drive higher revenue in the UK segment. The company does not state that foreign-exchange risk itself has disappeared. - FY2022-Q2RestatedAnnual report
「With the tailwind from yen depreciation, revenue was ¥8,031 million, up 88.0% year on year.」
The impact of yen depreciation continues to drive higher revenue in the UK segment. The company does not state that foreign-exchange risk itself has disappeared. - FY2022-Q1The tailwind from yen depreciation became evidentAnnual report
「Due in part to higher selling prices for European distributors as a result of yen depreciation」
The impact of exchange-rate movements has emerged through actual price increases and as a factor boosting profit. The company does not state that foreign-exchange risk itself has disappeared. - FY2021First statedAnnual report
「Overseas sales account for more than 97% of our group’s consolidated revenue, most of which is generated in European and US markets, and are affected by exchange rates for the US dollar, pound sterling and euro.」
The company hedges this risk through measures including forward exchange contracts and increased purchases denominated in foreign currencies, but indicates that exchange-rate movements exceeding expectations could affect results.