Impact of Yen Appreciation on Sales and Profit
First written in FY2016-Q2. 11 of 22 entries say "Mitigated", first in FY2017. Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2026-H1MitigatedAnnual report
「Foreign exchange gains － 84 Foreign exchange losses 353 －」
Foreign exchange losses of ¥353 million in the same period of the previous year turned into foreign exchange gains of ¥84 million in the current interim consolidated accounting period, shifting the impact of foreign exchange movements on profit and loss in a favorable direction. - FY2025MitigatedAnnual report
「Foreign exchange gains － 83」
Foreign exchange losses of ¥24 million in the previous fiscal year turned into foreign exchange gains of ¥83 million in the current fiscal year, shifting the impact of foreign exchange movements on profit and loss in a favorable direction. - FY2024-Q2MitigatedAnnual report
「The yen also remained weak,」
In contrast to the pressure on earnings from the stronger yen, the yen's depreciation is cited for the cumulative period of the current quarter. - FY2023WorsenedAnnual report
「Non-operating income and expenses resulted in a net expense of ¥844 million, an increase of ¥920 million in expenses from the net income of ¥75 million in the previous consolidated fiscal year. This was mainly due to a ¥963 million decrease in foreign exchange gains.」
Foreign exchange gains declined from the previous fiscal year to the current fiscal year, causing non-operating income and expenses to shift from income to expense. - FY2022MitigatedAnnual report
「This was mainly due to a ¥961 million increase in foreign exchange gains.」
Unlike the previous pressure on earnings from the stronger yen, the increase in foreign exchange gains improved non-operating income and expenses in the current period. - FY2022-Q3MitigatedAnnual report
「In addition, as the yen remained weak, operating income was ¥12.984 billion, up 22.3% year on year, and ordinary income was ¥13.711 billion, up 34.1%,」
In contrast to the previous pressure on earnings from the stronger yen, the yen's depreciation is identified as a factor behind higher profit for the cumulative period of the current quarter. - FY2022-Q2MitigatedAnnual report
「In addition, as the yen remained weak, operating income was ¥8.1 billion, up 25.9% year on year, and ordinary income was ¥8.769 billion, up 34.8%,」
In contrast to the previous pressure on earnings from the stronger yen, the yen's depreciation is identified as a factor behind increases in operating income and ordinary income. - FY2022-Q1MitigatedAnnual report
「In addition, as the yen remained weak, operating income was ¥3.636 billion, up 50.5% year on year, and ordinary income was ¥3.610 billion, up 57.3%,」
In contrast to the previous pressure on earnings from the stronger yen, the yen's depreciation is identified as a factor behind higher profit. - FY2021MitigatedAnnual report
「This was mainly due to improved operating rates resulting from higher sales and production than initially planned, as well as the yen's depreciation.」
Whereas the previous fiscal year was affected by the yen's appreciation and foreign exchange losses, the current period identifies the yen's depreciation and foreign exchange gains of ¥164 million as factors contributing to improved profit. - FY2021-Q3MitigatedAnnual report
「Foreign exchange gains － 238」
Foreign exchange losses of ¥666 million in the same period of the previous year turned into foreign exchange gains of ¥238 million for the nine months ended the third quarter, with the impact of foreign exchange factors on profit and loss remaining favorable. - FY2021-Q2MitigatedAnnual report
「Foreign exchange gains － 338」
Foreign exchange losses of ¥568 million in the same period of the previous year turned into foreign exchange gains of ¥338 million for the six months ended the second quarter, with the impact of foreign exchange factors on profit and loss continuing to shift in a favorable direction. - FY2021-Q1Shift from foreign-exchange loss to foreign-exchange gainAnnual report
「Foreign exchange gain － 91」
Foreign exchange losses of ¥130 million in the same period of the previous year turned into foreign exchange gains of ¥91 million in the current first quarter, reversing the impact of foreign exchange factors on profit and loss. - FY2020-Q2Foreign exchange losses for the six months ended the second quarter increasedAnnual report
「Foreign exchange losses were ¥568 million.」
Foreign exchange losses for the six months ended the second quarter were ¥568 million, up from ¥515 million in the same period of the previous year. - FY2019WorsenedAnnual report
「In terms of profit, although the Company worked to improve productivity and reduce costs, the stronger yen, persistently high raw material and energy prices, and higher personnel expenses put pressure on earnings. Operating income was ¥13.348 billion, down 12.8% year on year, ordinary income was ¥12.241 billion, down 11.9%, and net income attributable to owners of the parent was ¥8.245 billion, down 7.8%.」
In addition to the stronger yen, persistently high raw material and energy prices and higher personnel expenses put pressure on earnings, resulting in declines in full-year operating income and other items. - FY2019-Q3WorsenedAnnual report
「Although the Group worked to raise selling prices and reduce costs, the yen remained significantly strong, while higher raw material and energy prices, personnel expenses and other factors pressured profitability. Operating profit was ¥10.616 billion, down 13.0% year on year, ordinary profit was ¥9.527 billion, down 12.9%, and net income attributable to owners of the parent was ¥6.309 billion, down 12.5%.」
A sharp appreciation of the yen, together with higher raw material and energy prices and personnel expenses, put pressure on earnings, resulting in declines in operating income and other items for the nine months ended the third quarter. - FY2019-Q2WorsenedAnnual report
「Although the Group worked to raise selling prices and reduce costs, the yen remained strong, while higher raw material and energy prices, personnel expenses and other factors pressured profitability. Operating profit was ¥7.481 billion, down 7.8% year on year.」
The yen's appreciation, together with higher raw material and energy prices and personnel expenses, put pressure on earnings, resulting in a 7.8% year-on-year decline in operating income. - FY2018WorsenedAnnual report
「Foreign exchange losses increased by ¥532 million.」
The increase in foreign exchange losses was explicitly identified in the analysis of non-operating income and expenses for the full year, quantifying the financial impact of foreign exchange movements, including both yen appreciation and depreciation. - FY2017MitigatedAnnual report
「Overseas sales were ¥118.276 billion, representing a 20.0% year-on-year increase. This was attributable to growing demand for robots and other products, mainly in Asian markets, and the yen's depreciation.」
Whereas the stronger yen had previously affected sales and profit, the current period cites improved export profitability and higher overseas sales resulting from a weaker yen, indicating a reversal in the impact of foreign exchange factors. - FY2017-Q1RestatedAnnual report
「In terms of profit, operating income was ¥1.375 billion, down 1.9% year on year, due to the stronger yen and investments in the operating structure, including expanding the workforce mainly in the Robotics Division and establishing a technical center.」
The disclosure continues to state that the stronger yen affected profit in the Machine Tools Business. - FY2016MaterialisedAnnual report
「However, consolidated net sales for the fiscal year were ¥211.449 billion, down 3.2% from the previous consolidated fiscal year, mainly because the yen remained strong.」
The impact of the stronger yen was reflected in a 3.2% decline in full-year sales, while foreign exchange losses of ¥1.734 billion were also recorded. - FY2016-Q3RestatedAnnual report
「In the Machine Tools Business, although results were affected by the yen's appreciation, the Company continued to capture domestic and overseas demand in the automotive, aerospace and industrial machinery sectors. As a result, total sales in the Machine Tools Business were ¥56.83 billion, up 3.1% year on year.」
The disclosure continues to state that the yen's appreciation affected the business. - FY2016-Q2MaterialisedAnnual report
「In the machine tools business, although sales were affected by the yen's appreciation, total machine tools sales rose 5.9% year on year to ¥3,814.6 million, as the company pursued demand in Japan and overseas in the automotive, aircraft and industrial machinery sectors.」
The disclosure explicitly identifies the impact of a stronger yen. In the Components Business, a stronger yen is also cited alongside declining demand.