Downward Pressure on Sales and Earnings from Rapid Yen Appreciation
First written in FY2017-Q1. 5 of 11 entries say "Mitigated", first in FY2018-Q3. Latest entry: FY2026.
Eagle Industry moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2025: 5 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In addition, the yen's depreciation increased the yen-denominated value of assets related to overseas affiliates through foreign-exchange translation.」
The increase in the yen-denominated value of overseas affiliates' assets due to the yen's depreciation is cited, while the downward impact of the yen's appreciation remained limited in the current fiscal year. - FY2024MitigatedAnnual report
「In terms of sales, we benefited from the yen remaining weaker than initially planned, as well as」
In contrast to the previous downward pressure on earnings from the yen's appreciation, the yen's depreciation is cited in the current fiscal year as a benefit to sales, indicating that the impact of yen-appreciation risk has eased. - FY2023-Q3RestatedAnnual report
「Although this business was affected by the continuing global semiconductor shortage and lockdowns in major Chinese cities, the boosting effect of the yen's depreciation resulted in segment revenue of ¥63,912 million, up 6.7% year on year, but」
The boosting effect of the yen's depreciation on revenue continues to be cited, with no material change to the risk of downward pressure on earnings from the yen's appreciation. - FY2023-Q2MitigatedAnnual report
「In our business, sales increased partly due to the boosting effect of the yen's depreciation, but operating profit showed little growth because of higher procurement prices and other factors.」
In contrast to the previous downward pressure on earnings from the yen's appreciation, the yen's depreciation is cited in the quarter as having boosted revenue growth. - FY2022MitigatedAnnual report
「The boosting effect of the yen's depreciation also contributed」
In contrast to the previous downward pressure on earnings from the yen's appreciation, the yen's depreciation is cited in the current fiscal year as having boosted sales and profit, indicating that yen-appreciation risk has eased. - FY2019-Q3WorsenedAnnual report
「The Japanese economy had maintained relatively solid economic conditions, but caution regarding the outlook for corporate earnings increased due to prolonged weakness in personal consumption, a slowdown in the Chinese market, and the yen's appreciation in response to weaker business sentiment in the US and Europe.」
In contrast to the references through the previous quarter to relatively stable foreign-exchange conditions, the yen's appreciation is again identified as a factor of concern for the outlook for corporate earnings. - FY2018-Q3MitigatedAnnual report
「In Japan, corporate earnings improved under relatively stable foreign-exchange conditions. Although growth in personal consumption remained weak, business sentiment is gradually recovering.」
In contrast to the previous concern about downward pressure on earnings from the yen's appreciation, it is stated that relatively stable foreign-exchange conditions led to improved corporate earnings, indicating that yen-appreciation risk has eased. - FY2017SoftenedAnnual report
「There were signs of a gradual improvement in business sentiment, supported by the correction of the yen's appreciation from the third quarter onward and expectations for a recovery in corporate earnings.」
It is stated that the yen's appreciation was corrected and expectations for a recovery in corporate earnings emerged, indicating that the downward-pressure risk from yen appreciation has eased further. - FY2017-Q3SoftenedAnnual report
「After the US presidential election, the yen depreciated rapidly and conditions for the export sector improved, but domestic capital investment and private consumption remained weak, leaving the real economy uncertain.」
In contrast to the previous downward pressure on corporate earnings from the rapid appreciation of the yen, it is stated that the rapid depreciation improved conditions for the export sector, indicating that yen-appreciation risk has eased. - FY2017-Q2RestatedAnnual report
「Although Japan maintained its aggressive easing policy, the pace of growth slowed as the yen's appreciation affected corporate earnings and sluggish economic recovery reduced consumer sentiment, leaving business conditions mixed.」
The impact of the yen's appreciation on corporate earnings continues to be cited, and the effects of the rapid appreciation on sales and profit are also explained for each segment. - FY2017-Q1MaterialisedAnnual report
「In the Japanese economy, concerns about downward pressure on corporate earnings increased as the yen appreciated rapidly, leaving the outlook for economic conditions unpredictable.」
It is explained that the rapid appreciation of the yen affected foreign-exchange translation for each segment as well as sales and earnings.