Impact of Rapid Yen Appreciation and Exchange-Rate Fluctuations on Earnings and Comprehensive Income
First written in FY2017-Q1. 14 of 29 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
Glory moved to the "Worse" side of this theme in 2022, 4 years after the typical company in this theme (2018).
The whole theme swung hardest in 2019: 69 of 120 companies on the "Worse" side.
38 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Foreign exchange loss (net) 427」
Foreign exchange loss was ¥427 million, down from ¥4.595 billion in the previous fiscal year. Although foreign exchange movements continued to affect earnings, the extent of deterioration narrowed in the current fiscal year. - FY2026-H1MitigatedAnnual report
「Foreign exchange loss 527」
Foreign exchange loss decreased to ¥527 million from ¥3.463 billion in the same period of the previous year, easing the adverse earnings impact of foreign exchange movements. - FY2025WorsenedAnnual report
「Non-operating expenses Foreign exchange loss 4,400」
Foreign exchange loss increased to ¥4.4 billion from ¥913 million in the previous fiscal year, again increasing the earnings impact of foreign exchange movements. - FY2025-H1WorsenedAnnual report
「Non-operating expenses Foreign exchange loss 3,463」
The result changed from a foreign exchange gain of ¥250 million in the same period of the previous year to a foreign exchange loss of ¥3.463 billion in the current interim consolidated accounting period, worsening the earnings impact of foreign exchange movements. - FY2024-Q3MitigatedAnnual report
「Foreign exchange gain 162」
The cumulative foreign exchange gain for the first 3 quarters was ¥162 million, easing the adverse earnings impact of foreign exchange movements compared with the foreign exchange loss in the previous fiscal year. Meanwhile, the yen continued to depreciate and prices continued to rise. - FY2024-Q2WorsenedAnnual report
「The Japanese economy entered a recovery phase as socioeconomic activity moved toward normalization and inbound demand began to recover. Meanwhile, despite the deepening conflict in Ukraine, the yen continued to depreciate and prices continued to rise, leaving the outlook uncertain.」
The foreign exchange environment has changed from the previous impact centered on yen appreciation to one in which the yen continues to depreciate and prices continue to rise. A foreign exchange gain of ¥250 million was recorded for the cumulative first 2 quarters. - FY2024-Q1MitigatedAnnual report
「Foreign exchange gain 514」
Compared with a foreign exchange loss of ¥103 million in the same period of the previous year, the first quarter recorded a foreign exchange gain of ¥514 million, easing the adverse earnings impact of foreign exchange movements. However, the yen's depreciation and uncertainty about the outlook continue. - FY2023WorsenedAnnual report
「Although the Japanese economy continued to show signs of a gradual recovery, difficulties in procuring materials, prolonged price increases, rising prices and substantial yen depreciation persisted, leaving the economic outlook uncertain.」
The focus has shifted from the previous emphasis on yen appreciation to uncertainty in the foreign exchange environment, including substantial yen depreciation. A foreign exchange loss of ¥724 million was recorded for the period. - FY2023-Q3WorsenedAnnual report
「Foreign exchange loss 365」
The cumulative foreign exchange loss for the first 3 quarters was ¥365 million, worsening the earnings impact from ¥103 million of foreign exchange gain in the same period of the previous year. The report also states that uncertainty about the economic outlook increased owing to substantial foreign exchange fluctuations. - FY2023-Q2WorsenedAnnual report
「Although the Japanese economy showed signs of a gradual recovery, the outlook remained increasingly uncertain, as the yen depreciated rapidly following interest-rate increases by the United States and Europe, in addition to soaring raw material prices.」
The report states that the yen depreciated rapidly against the backdrop of interest-rate increases by the United States and Europe, indicating greater uncertainty in the foreign exchange environment. A foreign exchange loss of ¥23 million was also recorded for the cumulative first 2 quarters. - FY2023-Q1WorsenedAnnual report
「Meanwhile, the outlook for the economy remained uncertain, owing to the rapid depreciation of the yen, shortages of components, particularly semiconductors, and the impact on supply chains from soaring material prices.／Foreign exchange loss 103」
The situation has changed from the previous risk of yen appreciation and foreign exchange losses to one in which a foreign exchange loss of ¥103 million has been recorded amid the rapid depreciation of the yen. - FY2022-Q2MitigatedAnnual report
「Foreign exchange gain 6」
The cumulative foreign exchange gain for the first 2 quarters was ¥6 million, easing the earnings impact compared with the foreign exchange loss in the previous fiscal year. - FY2021MitigatedAnnual report
「Non-operating expenses Foreign exchange loss 238」
Foreign exchange loss decreased to ¥238 million from ¥863 million in the previous fiscal year, easing the adverse earnings impact of foreign exchange movements. - FY2021-Q3WorsenedAnnual report
「Foreign exchange loss 514」
Cumulative foreign exchange loss for the first 3 quarters increased to ¥514 million from ¥388 million in the same period of the previous year, indicating a greater earnings impact from foreign exchange movements. - FY2021-Q2MitigatedAnnual report
「Foreign exchange gains 88」
The company shifted from foreign exchange losses of ¥388 million in the same period of the previous year to foreign exchange gains of ¥88 million in the six months ended the second quarter of the current fiscal year, mitigating the deterioration in earnings caused by exchange-rate movements. - FY2020WorsenedAnnual report
「Ordinary income was ¥15,657 million, down 23.9% from the previous fiscal year. It declined due in part to the recognition of an equity-method investment loss of ¥1,217 million and foreign exchange losses of ¥863 million resulting from the sharp depreciation of emerging-market currencies.」
Foreign exchange losses increased from ¥17 million in the previous fiscal year to ¥863 million, and the impact on earnings of the sharp depreciation of emerging-market currencies and other factors expanded again. The foreign currency translation adjustment account also declined by ¥2.542 billion. - FY2020-Q3WorsenedAnnual report
「Foreign exchange losses 41 388」
Foreign exchange losses for the nine months ended the third quarter increased from ¥41 million in the same period of the previous year to ¥388 million, indicating a renewed expansion in the impact of exchange-rate movements on earnings. - FY2020-Q2WorsenedAnnual report
「Foreign exchange losses 388」
Foreign exchange losses for the six months ended the second quarter increased from ¥27 million in the same period of the previous year to ¥388 million, indicating a renewed expansion in the impact of exchange-rate movements on earnings. - FY2020-Q1WorsenedAnnual report
「Foreign exchange losses 272」
The company shifted from foreign exchange gains of ¥23 million in the same period of the previous year to foreign exchange losses of ¥272 million in the first quarter of the current fiscal year, indicating a renewed deterioration in the impact of exchange-rate movements on earnings. - FY2019MitigatedAnnual report
「Ordinary income rose 17.2% year on year to ¥20,575 million, due mainly to a decline in foreign exchange losses within non-operating income and expenses.」
Ordinary income increased as foreign exchange losses declined, further mitigating the adverse impact of exchange-rate movements on earnings compared with the previous fiscal year. - FY2019-Q3MitigatedAnnual report
「Operating income was ¥11,522 million, down 1.5% year on year, while ordinary income rose 13.7% to ¥11,294 million as foreign exchange losses declined substantially. Net income attributable to owners of the parent rose 15.0% to ¥6,489 million.」
Foreign exchange losses declined substantially from ¥1.810 billion in the same period of the previous year to ¥41 million, further mitigating the adverse impact of exchange-rate movements on ordinary income. - FY2019-Q2MitigatedAnnual report
「Operating income rose 13.5% year on year to ¥7,011 million, and ordinary income rose 45.3% to ¥6,913 million as foreign exchange losses declined substantially. Net income attributable to owners of the parent rose 87.2% to ¥3,822 million.」
Foreign exchange losses declined substantially from ¥1.451 billion in the same period of the previous year to ¥27 million, further mitigating the adverse impact of exchange-rate movements on ordinary income. - FY2019-Q1MitigatedAnnual report
「Non-operating income Foreign exchange gains 23」
Compared with foreign exchange losses of ¥1,148 million in the same period of the previous year, the company recorded foreign exchange gains of ¥23 million in the first quarter of the current fiscal year, further mitigating the deterioration in earnings caused by exchange-rate movements. - FY2018-Q3MitigatedAnnual report
「Foreign exchange losses 2,820 1,810」
Foreign exchange losses for the nine months ended the third quarter declined from ¥2.820 billion in the same period of the previous year to ¥1.810 billion. The impact of exchange-rate movements itself remains. - FY2018-Q2MitigatedAnnual report
「As a result, revenue for the six months ended the second quarter of the current consolidated fiscal year was ¥104,387 million, up 2.0% year on year. Operating income was ¥6,179 million, down 26.1% year on year, while ordinary income rose 22.7% to ¥4,757 million as foreign exchange losses declined from the same period of the previous year.」
Foreign exchange losses declined from ¥4.623 billion in the same period of the previous year to ¥1.451 billion. Although the impact of exchange rates remained, ordinary income rose 22.7% year on year. - FY2018-Q1MitigatedAnnual report
「Non-operating expenses Foreign exchange losses 1,148」
Foreign exchange losses declined from ¥3.681 billion in the same period of the previous year to ¥1.148 billion, and ordinary income was ¥1.195 billion. The impact of exchange-rate movements itself remains. - FY2017-Q3RestatedAnnual report
「Operating income rose 21.9% year on year to ¥13,499 million, and ordinary income rose 1.9% to ¥10,868 million, despite the recognition of foreign exchange losses. Net income attributable to owners of the parent rose 36.6% to ¥6,707 million. Quarterly comprehensive income was a loss of ¥1,098 million, compared with quarterly comprehensive income of ¥4,944 million in the same period of the previous year, due to a substantial decline in the foreign currency translation adjustment account resulting from yen appreciation.」
Foreign exchange losses and the decline in the foreign currency translation adjustment account resulting from yen appreciation continued, resulting in a quarterly comprehensive loss of ¥1.098 billion. - FY2017-Q2RestatedAnnual report
「Overall, the outlook remained uncertain, as the yen continued to trend higher due in part to the impact of the United Kingdom’s withdrawal from the EU. Operating income rose substantially to ¥8,356 million, up 24.3% year on year, due mainly to lower selling, general and administrative expenses. However, due in part to foreign exchange losses resulting from sharp exchange-rate movements, ordinary income fell 42.0% to ¥3,878 million, and net income attributable to owners of the parent fell 29.2% to ¥2,136 million. Quarterly comprehensive income was a loss of ¥11,919 million, compared with quarterly comprehensive income of ¥4,433 million in the same period of the previous year, due to a substantial decline in the foreign currency translation adjustment account resulting from yen appreciation.」
The yen’s upward trend and the impact of exchange-rate movements continued. Foreign exchange losses totaled ¥4.623 billion, and quarterly comprehensive income was a loss of ¥11.919 billion. - FY2017-Q1First statedAnnual report
「Due to the recognition of foreign exchange losses resulting from sharp exchange-rate movements, ordinary income (loss) was a loss of ¥751 million, compared with ordinary income of ¥2,659 million in the same period of the previous year. Net income (loss) attributable to owners of the parent was a loss of ¥860 million, compared with net income attributable to owners of the parent of ¥1,114 million in the same period of the previous year. Quarterly comprehensive income was a loss of ¥11,594 million, due mainly to a substantial decline in the foreign currency translation adjustment account resulting from yen appreciation.」
Foreign exchange losses totaled ¥3.681 billion, resulting in losses at the ordinary income, net income attributable to owners of the parent, and comprehensive income levels.