Foreign Exchange Losses Caused by Rapid Yen Appreciation
First written in FY2017-Q1. 11 of 24 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Non-operating income and expenses Non-operating income increased by ¥29.358 million from the previous consolidated fiscal year to ¥98.271 million, up 42.6% year on year. Non-operating expenses decreased by ¥103.842 million from the previous consolidated fiscal year to ¥16.633 million, down 86.2% year on year, mainly due to a ¥113.840 million decrease in foreign exchange losses.」
Foreign exchange losses decreased by ¥113.840 million from the previous fiscal year, reducing the impact of exchange-rate movements on non-operating expenses. - FY2025-H1MaterialisedAnnual report
「Ordinary profit was ¥738.484 million, down 12.2% year on year, due to a foreign exchange loss.」
Changed from a foreign exchange gain in the same interim period of the previous year, a foreign exchange loss of ¥207.889 million was recorded during the current interim consolidated accounting period, contributing to the decline in ordinary profit. - FY2023RestatedAnnual report
「Ordinary profit was ¥2,787.011 million, down 9.7% year on year, despite a foreign exchange gain.」
The disclosure states that a foreign exchange gain was recorded this fiscal year as well, rather than a foreign exchange loss due to yen appreciation. - FY2023-Q3RestatedAnnual report
「Ordinary profit was ¥2,176.577 million, down 2.8% year on year, despite a foreign exchange gain.」
The company continues to record foreign exchange gains. - FY2023-Q2RestatedAnnual report
「Ordinary profit was ¥1,251.800 million, down 11.9% year on year, despite a foreign exchange gain.」
The disclosure states that a foreign exchange gain was also recorded this quarter. - FY2023-Q1Changed from a foreign exchange loss due to yen appreciation to a foreign exchange gain due to yen depreciation.Annual report
「Ordinary profit was ¥651.289 million, up 9.7% year on year, partly due to a foreign exchange gain.」
Unlike the previously reported foreign exchange loss due to yen appreciation, the foreign exchange gain contributed to an increase in ordinary profit this quarter. - FY2022RestatedAnnual report
「Ordinary profit increased 18.3% year on year to ¥3,085.275 million, due to a foreign exchange gain.」
The disclosure states that the foreign exchange gain contributed to the increase in ordinary profit for the full fiscal year. - FY2022-Q3Shift from foreign exchange losses to foreign exchange gainsAnnual report
「Foreign exchange gains 32,725」
The disclosure has changed from a foreign exchange loss in prior periods to a foreign exchange gain of ¥32.725 million for the cumulative third quarter of the current consolidated fiscal year. - FY2022-Q1Shift from foreign exchange gains to foreign exchange lossesAnnual report
「Foreign exchange losses 9,563」
The current first quarter recorded foreign exchange losses of ¥9.563 million, compared with foreign exchange gains of ¥2.396 million in the first quarter of the previous fiscal year. - FY2021-Q3RestatedAnnual report
「Foreign Exchange Gains」
Foreign exchange gains of ¥14.234 million were recorded in non-operating income for the first nine months of the current consolidated fiscal year, and foreign exchange gains continued. - FY2021-Q2RestatedAnnual report
「Foreign Exchange Gains」
Foreign exchange gains of ¥323 thousand were recorded in non-operating income for the first six months of the current consolidated fiscal year, marking a continuation of foreign exchange gains from the previous quarter. - FY2021-Q1Shift from foreign exchange losses to foreign exchange gainsAnnual report
「Ordinary profit was ¥312.748 million, down 49.4% year on year, partly due to the recognition of foreign exchange gains.」
The current quarter shifted from the foreign exchange losses recorded in the first quarter of the previous fiscal year, with foreign exchange gains contributing to ordinary profit. - FY2020-Q3RestatedAnnual report
「Ordinary profit was ¥1,576.952 million, down 15.0% year on year, following the recognition of foreign exchange losses.」
Foreign exchange losses continued to be actually recorded and remained a factor behind the decline in ordinary profit. - FY2020-Q2MaterialisedAnnual report
「Ordinary profit was ¥1,172.613 million, down 4.6% year on year, following the recognition of foreign exchange losses.」
Foreign exchange losses of ¥101.908 million were recorded and contributed to the decline in ordinary profit. - FY2020-Q1MaterialisedAnnual report
「Despite the recognition of foreign exchange losses, ordinary profit was ¥618.621 million, up 43.2% year on year.」
Foreign exchange losses of ¥61.743 million were actually recorded and contributed to the decline in ordinary profit. - FY2019-Q3MaterialisedAnnual report
「Despite foreign exchange losses arising during the current quarter, ordinary profit was ¥1,854.517 million, up 9.7% year on year.」
It states that foreign exchange losses actually arose during the current quarter. Foreign exchange losses of ¥99.301 million were recorded in the quarterly consolidated income statement. - FY2019-Q1MaterialisedAnnual report
「Ordinary profit was ¥431.945 million, down 10.3% year on year, due to the recognition of foreign exchange losses.」
Unlike the foreign exchange gains reported through the previous quarter, the current quarter actually saw foreign exchange losses of ¥24.191 million, which contributed to the decline in ordinary profit. - FY2018-Q3RestatedAnnual report
「Ordinary profit was ¥1,690.342 million, up 6.7% year on year, due to foreign exchange gains resulting from the yen's depreciation.」
It continues to state that foreign exchange gains resulting from the yen's depreciation, rather than foreign exchange losses caused by its appreciation, contributed to the increase in ordinary profit. - FY2018-Q2RestatedAnnual report
「Ordinary profit was ¥1,039.942 million, down 9.6% year on year, as the yen continued to depreciate.」
As in the previous quarter, foreign exchange gains resulting from the yen's depreciation, rather than foreign exchange losses caused by its appreciation, are cited. - FY2018-Q1Shift from Foreign-Exchange Losses to Foreign-Exchange GainsAnnual report
「Ordinary profit was ¥481.342 million, up 2.8% year on year, due to foreign exchange gains.」
Unlike the foreign exchange losses recorded in the same quarter of the previous period, the current quarter saw foreign exchange gains of ¥18.047 million, which contributed to the increase in ordinary profit. - FY2017RestatedAnnual report
「However, consolidated net sales for the current consolidated fiscal year were ¥19,346.399 million, down 8.5% year on year, due to lower sales of new businesses than in the previous period and the impact of the stronger yen, among other factors.」
The stronger yen continued to be cited as a factor behind the full-year decline in net sales. Meanwhile, foreign exchange losses declined from the previous period. - FY2017-Q3RestatedAnnual report
「However, consolidated net sales were ¥13,813.418 million, down 11.0% year on year, due to the impact of the stronger yen during the first half.」
The stronger yen during the first half continued to be cited as a factor behind the decline in cumulative net sales. A decline in sales due to the stronger yen was also reported in the US segment. - FY2017-Q2WorsenedAnnual report
「However, consolidated net sales were ¥8,949.104 million, down 9.8% year on year, due to the significant appreciation of the yen. Although steps were taken to improve the profitability of the business, operating profit was ¥1,343.467 million, down 10.6% year on year, due to the decline in consolidated net sales and the impact of the stronger yen.」
It states that the impact of the stronger yen extended beyond foreign exchange losses to declines in consolidated net sales and operating profit. Foreign exchange losses of ¥226.161 million were recorded as non-operating expenses. - FY2017-Q1MaterialisedAnnual report
「Ordinary profit was ¥468.145 million, down 28.9% year on year, as the sharp appreciation of the yen following the UK's withdrawal from the EU resulted in foreign exchange losses. As a result, quarterly net profit attributable to owners of the parent was ¥330.279 million, down 27.8% year on year.」
The sharp appreciation of the yen associated with the UK's withdrawal from the EU actually resulted in foreign exchange losses and was a factor behind the decline in ordinary profit.