Impact of Exchange-Rate Fluctuations on Overseas Business Earnings
First written in FY2017-Q1. 16 of 38 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-08-07.
Sanoh Industrial moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 6 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Overseas sales accounted for 81.7% of the Group's consolidated net sales in the fiscal year ended March 2025 and 79.5% in the fiscal year ending March 2026. Net sales, operating profit, assets and other items include amounts denominated in local currencies, which are translated into yen when preparing the consolidated financial statements.」
Although the overseas sales ratio declined to 79.5%, the company recorded a foreign exchange loss of ¥265 million during the fiscal year, and the translation impact of the stronger yen also emerged as a factor behind the decline in sales in North and South America. - FY2026-H1WorsenedAnnual report
「Foreign exchange loss 568」
The foreign exchange gain of ¥71 million in the same period of the previous year turned into a foreign exchange loss of ¥568 million in the interim consolidated accounting period. The impact of translation differences caused by the stronger yen was also identified as a factor behind the decline in sales in North and South America, with foreign exchange risk affecting both profit and loss and sales. - FY2025RestatedAnnual report
「Overseas sales accounted for 80.9% of the Group's consolidated net sales in the fiscal year ended March 2024 and 81.7% in the fiscal year ended March 2025. Net sales, operating profit, assets and other items include amounts denominated in local currencies, which are translated into yen when preparing the consolidated financial statements. Accordingly, if the exchange rate used in the actual financial statements differs from the exchange rate assumed in the full-year outlook, the Group's performance and financial position may be affected negatively, mainly when the yen appreciates, and positively when the yen depreciates.」
The overseas sales ratio increased to 81.7%, and foreign exchange exposure continued. In actual results, the company recorded a foreign exchange gain of ¥238 million, but continued to identify unstable foreign exchange markets, including the rapid shift to yen appreciation after a period of historically weak yen, as a risk. - FY2025-H1RestatedAnnual report
「The outlook remains uncertain due to the impact of an unstable foreign exchange market, including a rapid shift to yen appreciation after a period of historically weak yen.」
Unstable foreign exchange markets, including the rapid shift from yen depreciation to yen appreciation, continued to be cited as a factor contributing to an uncertain outlook. - FY2024WorsenedAnnual report
「Overseas sales accounted for 80.6% of the Group's consolidated net sales in the fiscal year ended March 2023 and 80.9% in the fiscal year ended March 2024. Net sales, operating profit, assets and other items include amounts denominated in local currencies, which are translated into yen when preparing the consolidated financial statements.」
The overseas sales ratio increased to 80.9%, and sharp exchange rate movements were identified as an ongoing significant factor affecting performance. In actual results, the company recorded a foreign exchange loss of ¥192 million during the fiscal year. - FY2024-Q3WorsenedAnnual report
「Foreign exchange loss 59」
The foreign exchange gain of ¥744 million in the same period of the previous year turned into a foreign exchange loss of ¥59 million in the nine months ended the third quarter of the current fiscal year. The risk that sharp exchange rate movements would adversely affect profit and loss materialized again. The translation effect of the weaker yen also lifted net sales. was quantified as true, materialized as true. - FY2024-Q2RestatedAnnual report
「Foreign exchange gain 41」
The company recorded a foreign exchange gain of ¥41 million in the first half of the current fiscal year. While the translation effect of the weaker yen lifted net sales, sharp exchange rate movements continued to be cited as an element of uncertainty regarding the outlook. - FY2024-Q1RestatedAnnual report
「In the automotive industry, to which the Group belongs, the impact of production cuts caused by the semiconductor shortage gradually eased, and vehicle production volumes increased year on year in every region except China. However, the outlook remains uncertain due to continued energy price increases resulting from the prolonged Russia-Ukraine situation, in addition to soaring raw material prices and sharp exchange rate movements.」
The translation effect of the weaker yen lifted net sales, and a foreign exchange gain of ¥55 million was also recorded, while sharp exchange rate movements continued to be cited as a factor contributing to an uncertain outlook. - FY2023-Q3MitigatedAnnual report
「Foreign exchange gain 744」
The company recorded a foreign exchange gain of ¥744 million due to the weaker yen and other factors, up from ¥174 million in the same period of the previous year. No adverse impact of exchange rate movements on profit and loss for the current fiscal year has emerged, but the risk of sharp exchange rate movements remains. - FY2023-Q2MitigatedAnnual report
「Foreign exchange gain 582」
The company recorded a foreign exchange gain of ¥582 million in the first half of the current fiscal year, up from ¥264 million in the same period of the previous year. The translation effect of the weaker yen lifted net sales, but exchange rate risk itself continues. - FY2023-Q1MitigatedAnnual report
「Foreign exchange gain 302」
The foreign exchange gain increased from ¥98 million in the same period of the previous year to ¥302 million in the current quarter. The translation effect of the weaker yen also lifted net sales, but exchange rate risk itself continues. - FY2022MitigatedAnnual report
「Overseas sales accounted for 76.0% of the Group's consolidated net sales in the fiscal year ended March 2021 and 78.5% in the fiscal year ended March 2022. ... To minimize this currency risk, the Group conducts hedging operations, including forward exchange contracts, as appropriate to the circumstances.」
Although the overseas sales ratio was high at 78.5%, the company explicitly stated its policy of hedging through forward exchange contracts and other instruments, and recorded a foreign exchange gain of ¥458 million during the fiscal year. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gain 174」
The foreign exchange loss of ¥371 million in the same period of the previous year turned into a foreign exchange gain of ¥174 million in the nine months ended the third quarter of the current fiscal year, temporarily reversing the adverse impact of exchange rate movements on profit and loss. - FY2022-Q2MitigatedAnnual report
「Foreign exchange gain 264」
The foreign exchange loss of ¥332 million in the same period of the previous year turned into a foreign exchange gain of ¥264 million in the first half of the current fiscal year, temporarily reversing the adverse impact of exchange rate movements on profit and loss. - FY2022-Q1MitigatedAnnual report
「In addition to the substantial recovery in operating profit, the occurrence of a foreign exchange gain resulted in ordinary profit of ¥2,181 million, compared with an ordinary loss of ¥1,118 million in the same period of the previous year,」
Compared with a foreign exchange loss of ¥298 million in the same period of the previous year, a foreign exchange gain of ¥98 million was recorded in the current quarter, temporarily reversing the adverse impact of exchange rate movements on profit and loss. - FY2021MitigatedAnnual report
「As the foreign exchange loss declined and employment adjustment subsidies were recorded, the amount of the decline in profit was limited relative to operating profit, at ¥3,766 million, down 20.3% year on year,」
The foreign exchange loss declined from ¥849 million in the previous year to ¥247 million, reducing the adverse impact of exchange rate movements on profit and loss. However, the risk of exchange rate movements and the need for hedging through forward exchange contracts and other instruments continue. - FY2021-Q3MitigatedAnnual report
「Foreign exchange loss 371」
The foreign exchange loss declined from ¥553 million in the same period of the previous year to ¥371 million, reducing the adverse impact of exchange rate movements on profit and loss compared with the same period of the previous year. However, foreign exchange losses themselves continue to be incurred. - FY2021-Q2MitigatedAnnual report
「Foreign exchange loss 332」
The foreign exchange loss declined from ¥628 million in the same period of the previous year to ¥332 million. However, the impact of the stronger yen and exchange rate movements on profit and loss continues. - FY2021-Q1MitigatedAnnual report
「Foreign exchange loss 298」
The foreign exchange loss declined from ¥331 million in the same period of the previous year to ¥298 million. However, exchange rate movements continue to affect profit and loss. - FY2020-Q3MitigatedAnnual report
「Foreign exchange loss 553」
The foreign exchange loss declined slightly from ¥578 million in the same period of the previous year to ¥553 million, but the adverse impact of the stronger yen and exchange rate movements on profit and loss continues. - FY2020-Q2WorsenedAnnual report
「Foreign exchange loss 628」
The foreign exchange loss increased from ¥142 million in the same period of the previous year to ¥628 million, expanding the adverse impact of exchange rate movements in the overseas business on profit and loss. - FY2020-Q1WorsenedAnnual report
「Foreign exchange loss 331」
A foreign exchange loss was incurred as the yen strengthened, increasing from ¥223 million in the same period of the previous year to ¥331 million. The adverse impact of exchange rate movements on profit and loss is expanding. - FY2019WorsenedAnnual report
「In addition to the decline in operating profit, foreign exchange losses were incurred as the yen traded stronger than in the previous fiscal year, resulting in ordinary profit of ¥1,435 million, down 65.3% year on year.」
The company recorded a foreign exchange loss of ¥502 million due to the stronger yen, with the adverse impact of exchange rate movements on profit and loss increasing from ¥269 million in the previous fiscal year. The overseas sales ratio was 75.6%. - FY2019-Q3WorsenedAnnual report
「In addition to the decline in operating income, the yen's appreciation against the previous fiscal year resulted in foreign exchange losses, and ordinary income fell to ¥1,827 million, down 52.3% year on year.」
The yen's appreciation resulted in a ¥578 million foreign exchange loss on a cumulative basis through the third quarter, worsening from the ¥162 million foreign exchange gain in the same period of the previous year. - FY2019-Q2MaterialisedAnnual report
「In addition to the decline in operating income, the yen's appreciation against the previous fiscal year resulted in foreign exchange losses, and ordinary income fell to ¥2,161 million, down 31.4% year on year.」
The yen's appreciation resulted in a ¥142 million foreign exchange loss, and the adverse impact of exchange-rate movements on earnings continued to appear in the results. The foreign currency translation adjustment account also decreased by ¥1,624 million. - FY2019-Q1MaterialisedAnnual report
「In addition to the decline in operating income, the yen's appreciation against the previous fiscal year resulted in foreign exchange losses, and ordinary income fell to ¥1,455 million, down 46.9% year on year.」
The yen's appreciation resulted in a ¥223 million foreign exchange loss, and the adverse impact of exchange-rate movements on earnings once again appeared in the results. - FY2018-Q3RestatedAnnual report
「Although foreign exchange losses decreased as exchange rates remained more stable than in the previous fiscal year, the decline in operating income weighed on results, and ordinary income fell to ¥3,834 million, down 7.6% year on year.」
Stable exchange rates meant that no foreign exchange loss arose, and a ¥162 million foreign exchange gain was recorded for the cumulative period. The adverse impact of exchange-rate movements on earnings remained limited. - FY2018-Q2MitigatedAnnual report
「Ordinary income was ¥3,149 million, up 43.2% year on year, as exchange rates remained more stable than in the previous fiscal year, substantially reducing foreign exchange losses, and no non-recurring expenses such as impairment losses were incurred.」
The ¥1,512 million foreign exchange loss recorded in the same quarter of the previous year did not recur on a cumulative basis, and a ¥192 million foreign exchange gain was recorded. The adverse impact of exchange-rate movements on earnings was further reduced. - FY2018-Q1MitigatedAnnual report
「Foreign exchange gain 285」
Compared with the ¥1,155 million foreign exchange loss in the same quarter of the previous year, a ¥285 million foreign exchange gain was recorded in the current quarter, temporarily reversing the adverse impact of exchange-rate movements on ordinary income. - FY2017MitigatedAnnual report
「Ordinary income was ¥5,389 million, up 22.8% from the previous fiscal year, due to a decrease in foreign exchange losses.」
Foreign exchange losses decreased from ¥1,724 million in the previous fiscal year to ¥434 million, reducing the adverse impact of exchange-rate movements on earnings. However, with overseas sales accounting for 75.0%, foreign exchange risk remains. - FY2017-Q3MitigatedAnnual report
「The ¥1,512 million in foreign exchange losses recorded for the first six months decreased to ¥329 million for the first nine months, as an ¥1,183 million foreign exchange gain was recorded in the third quarter due to exchange-rate movements. As a result, ordinary income was ¥4,148 million, up 21.1% year on year.」
Foreign exchange losses remained on a cumulative basis, but a foreign exchange gain arose in the third quarter, substantially reducing the loss from the second-quarter level. - FY2017-Q2MaterialisedAnnual report
「Ordinary income fell to ¥2.2 billion, down 9.8% year on year, due mainly to the recognition of foreign exchange losses, while net income attributable to owners of the parent declined to ¥728 million, down 32.3%.」
Foreign exchange losses of ¥1,512 million were recorded, weighing on ordinary income. The foreign currency translation adjustment account also decreased by ¥4,881 million, resulting in a comprehensive loss. - FY2017-Q1MaterialisedAnnual report
「Ordinary income was ¥1,223 million, down 18.4% year on year, due mainly to the recognition of foreign exchange losses.」
Foreign exchange losses reduced ordinary income, and the foreign currency translation adjustment account also decreased year on year.