Impact of Exchange-Rate Fluctuations on Revenue, Costs and Asset Values
First written in FY2016. 13 of 35 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2026Updated foreign exchange sensitivity for the fiscal year ending March 2027Annual report
「As of the end of the fiscal year, the estimated foreign exchange sensitivity for the consolidated fiscal year ending 31 March 2027, defined as the impact on results of a ¥1 change from the projected exchange rate, was as follows.」
For the fiscal year ending March 2027, the sensitivity was updated to revenue impacts of ¥14.5 billion for the dollar and ¥9.0 billion for the euro, and Adjusted EBITA impacts of ¥1.5 billion for the dollar and ¥800 million for the euro, assuming USD/JPY 150 and EUR/JPY 175. - FY2026-H1MitigatedAnnual report
「Foreign exchange gains (losses) 20,089 36,536」
Foreign exchange gains for the interim period increased from ¥20.089 billion in the same period of the previous year to ¥36.536 billion, improving the foreign exchange impact on financial income and expenses. - FY2025Updated foreign exchange sensitivity for the fiscal year ending March 2026Annual report
「As of the end of the fiscal year, the estimated foreign exchange sensitivity for the consolidated fiscal year ending 31 March 2026, defined as the impact on results of a ¥1 change from the projected exchange rate, was as follows. USD/JPY 145, revenue ¥14.0 billion, Adjusted EBITA ¥1.0 billion; EUR/JPY 155, revenue ¥8.0 billion, Adjusted EBITA ¥500 million.」
For the fiscal year ending March 2026, the projected USD and euro exchange rates and the impact on revenue and Adjusted EBITA of a ¥1 change were updated. - FY2025-H1MitigatedAnnual report
「Foreign exchange gains (losses) 2,331 20,089」
Foreign exchange gains for the interim period increased from ¥2.331 billion in the same period of the previous year to ¥20.089 billion, improving the foreign exchange impact on financial income and expenses. - FY2024Updated foreign exchange sensitivity for the fiscal year ending March 2025Annual report
「As of the end of the fiscal year, the estimated foreign exchange sensitivity for the consolidated fiscal year ending 31 March 2025, defined as the impact on results of a ¥1 change from the projected exchange rate, was as follows.」
For the fiscal year ending March 2025, the company disclosed sensitivity of ¥12.0 billion in revenue and ¥1.2 billion in Adjusted EBITA, assuming USD/JPY 140, and ¥7.0 billion in revenue and ¥500 million in Adjusted EBITA, assuming EUR/JPY 150. - FY2024-Q3MitigatedAnnual report
「Foreign exchange gains (losses) △9,388 36,732」
Cumulative foreign exchange gains (losses) for the third quarter turned from a loss of ¥9.388 billion in the same period of the previous year to a gain of ¥36.732 billion in the current period. - FY2024-Q2WorsenedAnnual report
「Foreign exchange gains (losses) 4,910 2,331」
Cumulative foreign exchange gains for the second quarter decreased from ¥4.910 billion in the same period of the previous year to ¥2.331 billion, reducing the improvement in the foreign exchange impact on financial income and expenses. - FY2024-Q1WorsenedAnnual report
「Foreign exchange gains (losses) △2,850 △10,861」
Foreign exchange losses increased from ¥2.850 billion in the same period of the previous year to ¥10.861 billion, resulting in a deterioration in the foreign exchange impact on financial income and expenses in the first quarter. The figures in the table compare the same period of the previous year with the current period. - FY2023Foreign Exchange Sensitivity UpdatedAnnual report
「As of 31 March 2023, the estimated foreign exchange sensitivity for the consolidated fiscal year ending 31 March 2024, defined as the impact on results of a ¥1 change from the projected exchange rate, was as follows.」
For the fiscal year ending March 2024, the company disclosed foreign exchange sensitivity of ¥13.5 billion in revenue and ¥1.5 billion in Adjusted EBITA, assuming USD/JPY 130, and ¥7.0 billion in revenue and ¥500 million in Adjusted EBITA, assuming EUR/JPY 140. - FY2023-Q3WorsenedAnnual report
「Foreign exchange gains (losses) 4,929 △9,388」
Cumulative foreign exchange gains (losses) for the third quarter turned from a gain of ¥4.929 billion in the same period of the previous year to a loss of ¥9.388 billion, resulting in a deterioration in the foreign exchange impact on financial income and expenses. - FY2023-Q2MitigatedAnnual report
「Foreign exchange gains (losses) 4,820 4,910」
Cumulative foreign exchange gains for the second quarter increased from ¥4.820 billion in the same period of the previous year to ¥4.910 billion, resulting in a modest improvement in the foreign exchange impact on financial income and expenses. - FY2023-Q1WorsenedAnnual report
「Foreign exchange gains (losses) △1,816 △2,850」
Foreign exchange losses deteriorated from ¥1.816 billion in the same period of the previous year to ¥2.850 billion in the first quarter. - FY2022WorsenedAnnual report
「The estimated foreign exchange sensitivity as of 31 March 2022 for the consolidated fiscal year ending 31 March 2023, representing the impact on results of a ¥1 movement from the projected exchange rates, was as follows.」
For the fiscal year ending March 2023, the company disclosed foreign exchange sensitivity of ¥19.5 billion in revenue and ¥1.5 billion in Adjusted EBITA, assuming USD/JPY 120, and ¥7.0 billion in revenue and ¥500 million in Adjusted EBITA, assuming EUR/JPY 130. - FY2022-Q3MitigatedAnnual report
「Although a foreign exchange loss was recorded in the same period of the previous year, foreign exchange gains were recorded in the current period due to the depreciation of the yen against the currencies of various countries and other factors. As a result, financial income, excluding interest income, increased ¥11.5 billion from the same period of the previous year to ¥14.9 billion, while financial expenses, excluding interest expenses, decreased ¥3.7 billion to ¥0.5 billion.」
Foreign exchange gains (losses) turned from a loss in the same period of the previous year to a gain in the current period, and financial income increased ¥11.5 billion year on year to ¥14.9 billion. - FY2022-Q2MitigatedAnnual report
「Financial income, excluding interest income, increased ¥7.1 billion from the same period of the previous year to ¥9.2 billion, mainly because foreign exchange gains (losses) turned from a loss in the same period of the previous year to a gain in the current period. Financial expenses, excluding interest expenses, decreased ¥3.7 billion from the same period of the previous year to ¥1.2 billion.」
Foreign exchange gains (losses) turned from a loss in the same period of the previous year to a gain in the current period, and financial income increased ¥7.1 billion year on year to ¥9.2 billion. - FY2022-Q1WorsenedAnnual report
「Foreign exchange gains (losses) △390 △1,816」
Foreign exchange gains (losses) worsened from a loss of ¥0.390 billion in the same period of the previous year to a loss of ¥1.816 billion in the first quarter. - FY2021WorsenedAnnual report
「Dollar ¥105/USD 190 20 Euro ¥125/EUR 70 10」
For the fiscal year ending March 2022, foreign exchange sensitivity was estimated at ¥19.0 billion in revenue and ¥2.0 billion in adjusted operating profit for the dollar, and ¥7.0 billion and ¥1.0 billion, respectively, for the euro. Dollar sensitivity increased from the previous fiscal year's disclosure. - FY2021-Q3WorsenedAnnual report
「Foreign exchange gains (losses) 7,542 △2,340」
Foreign exchange gains (losses) for the first nine months turned from a gain of ¥7.542 billion in the same period of the previous year to a loss of ¥2.340 billion, worsening the impact of foreign exchange movements on financial income and expenses. - FY2021-Q2WorsenedAnnual report
「Foreign exchange gains (losses) 1,209 △3,633」
Foreign exchange gains (losses) for the first half turned from a gain of ¥1.209 billion in the same period of the previous year to a loss of ¥3.633 billion, worsening the impact of foreign exchange movements on financial income and expenses. - FY2021-Q1MitigatedAnnual report
「Foreign exchange gains (losses) △2,559 △390」
Foreign exchange losses decreased from ¥2.559 billion in the same period of the previous year to ¥0.390 billion, improving the impact of foreign exchange movements on financial income and expenses during the quarter. - FY2020WorsenedAnnual report
「The estimated foreign exchange sensitivity as of 30 June 2020 for the consolidated fiscal year ending 31 March 2021, representing the impact on results of a ¥1 movement from the projected exchange rates, was as follows.」
New quantitative disclosure of foreign exchange sensitivity was provided: for the dollar, ¥17.0 billion in revenue and ¥1.5 billion in adjusted operating profit; and for the euro, ¥4.0 billion and ¥1.0 billion, respectively. - FY2020-Q3WorsenedAnnual report
「Foreign exchange gains (losses) 9,289 7,542」
Foreign exchange gains for the first nine months decreased from ¥9.289 billion in the same period of the previous year to ¥7.542 billion, reducing the improvement in financial income and expenses attributable to foreign exchange movements. - FY2020-Q2WorsenedAnnual report
「Foreign exchange gains (losses) 10,281 1,209」
Foreign exchange gains in the first half decreased from ¥10.281 billion in the same period of the previous year to ¥1.209 billion, reducing the improvement in financial income and expenses attributable to foreign exchange movements. - FY2020-Q1WorsenedAnnual report
「Foreign exchange gains (losses) 10,628 △2,559」
Foreign exchange gains (losses) turned from a gain of ¥10.628 billion in the same period of the previous year to a loss of ¥2.559 billion in the first quarter, worsening the impact of foreign exchange movements on financial income and expenses. - FY2019MitigatedAnnual report
「Foreign exchange gains (losses) △10,587 7,640」
Foreign exchange gains (losses) turned from a loss of ¥10.587 billion in the previous fiscal year to a gain of ¥7.640 billion in the current fiscal year, improving the impact on financial income and expenses. - FY2019-Q3MitigatedAnnual report
「Foreign exchange gains (losses) △5,537 9,289」
Foreign exchange gains (losses) turned from a loss of ¥5.537 billion in the same period of the previous year to a gain of ¥9.289 billion in the current period. - FY2019-Q2MitigatedAnnual report
「Foreign exchange gains (losses) 6,518 10,281」
Foreign exchange gains increased from a gain of ¥6.518 billion in the same period of the previous year to a gain of ¥10.281 billion in the current period, improving the impact of foreign exchange movements on financial income and expenses during the period. - FY2019-Q1MitigatedAnnual report
「Foreign exchange gains (losses) 401 10,628」
Foreign exchange gains increased from a gain of ¥0.4 billion in the same period of the previous year to a gain of ¥10.6 billion in the current period. The impact of foreign exchange movements on financial income and expenses improved during the period. - FY2018MitigatedAnnual report
「Foreign exchange losses △25,238 △10,587」
Foreign exchange losses decreased from ¥25.2 billion in the previous fiscal year to ¥10.6 billion, improving the impact of foreign exchange movements on financial income and expenses. - FY2018-Q2MitigatedAnnual report
「Foreign exchange gains (losses) △18,847 6,518」
Foreign exchange gains (losses) turned from a loss of ¥18.8 billion in the same period of the previous year to a gain of ¥6.5 billion in the current period. The impact of foreign exchange movements on financial income and expenses improved during the period. - FY2017MaterialisedAnnual report
「As a result, overseas revenue decreased 8% from the previous fiscal year to ¥4,404.5 billion, while its share of revenue remained at 48%, the same level as in the previous fiscal year.」
The decline in overseas revenue, including foreign exchange translation effects, was reflected in the full-year results. - FY2017-Q3MaterialisedAnnual report
「Revenue decreased 2% from the same period of the previous year to ¥723.1 billion, despite increased sales mainly in North America and China, where automotive demand remained firm, due to foreign exchange translation effects and other factors.」
Foreign exchange translation effects, among other factors, reduced revenue in the Automotive Systems business by 2% year on year, and the impact on results translated into yen continued. - FY2017-Q2MaterialisedAnnual report
「Revenue decreased 9% from the same period of the previous year to ¥4,353.7 billion. Although revenue increased in the Social Infrastructure & Industrial Systems segment, revenue in yen from overseas subsidiaries decreased after foreign exchange translation due to the appreciation of the yen, and the Information & Telecommunication Systems, High Functional Materials, Living & Eco-system and Other segments, among others, reported lower revenue due to business restructuring and other factors.」
The decline in overseas subsidiaries' revenue translated into yen due to the appreciation of the yen continued, and consolidated revenue for the first half decreased 9% year on year. - FY2017-Q1MaterialisedAnnual report
「Revenue decreased 8% from the same period of the previous year to ¥2,130.4 billion. Although revenue increased in the Social Infrastructure & Industrial Systems segment, revenue in yen from overseas subsidiaries decreased after foreign exchange translation due to the appreciation of the yen, resulting in lower revenue in the Information & Telecommunication Systems, Construction Machinery, High Functional Materials, Living & Eco-system and Other segments, among others.」
The appreciation of the yen reduced overseas subsidiaries' revenue translated into yen, and foreign exchange losses were also recognized. The impact of foreign exchange risk was reflected in the results for the quarter. - FY2016First statedAnnual report
「Foreign exchange movements may reduce revenue denominated in yen and increase costs, adversely affecting the Group's results of operations, which are reported in yen.」
The Group conducts transactions denominated in local currencies such as the US dollar and euro and holds foreign-currency-denominated assets and liabilities. It seeks to mitigate these risks through forward foreign exchange contracts and currency swaps.