Foreign exchange volatility accompanying the expansion of overseas operations
First written in FY2018. 7 of 13 entries say "Restated". Latest entry: 2026-10-30.
Meidensha moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 7 of 14 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026ReframedAnnual report
「We recognize that geopolitical risks, including the emergence of supply-chain risks associated with escalating tensions in the Middle East and China's export restrictions on critical minerals, as well as sharp foreign-exchange fluctuations, remain major sources of uncertainty that could affect the Group's operations.」
The former description of external-environment risks, including foreign-exchange fluctuations, has broadened to include geopolitical and trade risks involving the situation in the Middle East, China's export restrictions on critical minerals, supply chains and U.S. tariffs. - FY2026-H1ReframedAnnual report
「During the interim consolidated accounting period, the operating environment surrounding the Group remained favorable for demand for heavy electrical products and systems, against a backdrop of increased investment in domestic and overseas power infrastructure and renewable energy. These fields also align closely with the government's growth investment and next-generation energy policies, and an increase in new projects is expected. Temporary risks also exist, including labor shortages, construction delays, and the effects of foreign exchange and tariffs. However, favorable trends were seen in areas where the Group can leverage its strengths, including domestic infrastructure investment and margin improvements driven by demand for AI and digital transformation.」
The description of foreign-exchange fluctuation risk associated with the expansion of overseas operations has broadened to cover business-environment risks, including tariffs, labor shortages and construction delays, together with demand opportunities arising from increased investment in power infrastructure and renewable energy. - FY2024-Q1ReframedAnnual report
「There was no sign of an end to broad-based inflation, and soaring prices for various materials and components directly related to our business activities, together with higher energy costs, continued to put downward pressure on earnings. In addition, the timing of a recovery in demand for semiconductor manufacturing equipment remains uncertain because of a loosening in semiconductor supply and demand.」
The description of external-environment risks, including foreign-exchange fluctuations, now also covers rising prices and costs for commodities, materials, components and energy, as well as uncertainty over when demand for semiconductor manufacturing equipment will recover. - FY2023-Q1ReframedAnnual report
「Against a backdrop of global inflation, rising energy costs and emerging geopolitical risks, the risk of supply chain disruptions has increased, while sharp exchange-rate movements and other issues requiring close monitoring and action have become wide-ranging,」
The former risk of foreign exchange volatility accompanying the expansion of overseas operations is described as part of a broad range of external-environment risks, including sharp exchange-rate movements. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of foreign exchange volatility accompanying the expansion of overseas operations. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risk of foreign exchange volatility accompanying the expansion of overseas operations. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of foreign exchange volatility accompanying the expansion of overseas operations. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of foreign exchange volatility accompanying the expansion of overseas operations. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of foreign exchange volatility accompanying the expansion of overseas operations. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of foreign exchange volatility accompanying the expansion of overseas operations. - FY2018First statedAnnual report
「The group is expanding its overseas operations and implementing measures to mitigate foreign exchange risk, but sharp exchange-rate movements may affect the group's business results and financial position.」
The company identifies foreign exchange volatility accompanying the expansion of overseas operations as a risk and explains that it is implementing hedging measures.