Order and procurement price risks due to yen appreciation and depreciation
First written in FY2020. 10 of 13 entries say "Restated". Latest entry: FY2026.
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- FY2026Higher foreign-exchange lossesAnnual report
「Non-operating expenses increased by ¥1 million from ¥6 million in the previous consolidated fiscal year to ¥7 million in the current consolidated fiscal year. The main factor was a ¥1 million increase in foreign-exchange losses.」
In connection with foreign-exchange risk, the disclosure states that non-operating expenses increased from ¥6 million in the previous fiscal year to ¥7 million, mainly due to a ¥1 million increase in foreign-exchange losses. - FY2026-H1Shift from foreign exchange losses to gainsAnnual report
「In addition, exchange-rate fluctuations resulted in a foreign-exchange loss of ¥6 million in the previous interim consolidated period, but this shifted to a foreign-exchange gain of ¥3 million in the current interim consolidated period, resulting in an increase in ordinary income.」
The impact of exchange-rate fluctuations shifted from a foreign-exchange loss of ¥6 million in the same period of the previous year to a foreign-exchange gain of ¥3 million in the current interim consolidated period. The disclosure does not state that the foreign-exchange risk itself has disappeared. - FY2025RestatedAnnual report
「Accordingly, an extreme appreciation or depreciation of the yen would be unfavorable for our Group and could consequently adversely affect its financial position and performance.」
The Group continues to identify the risk of yen appreciation affecting customers' exports and orders and yen depreciation increasing procurement prices for foreign-made components. - FY2024RestatedAnnual report
「Accordingly, an extreme appreciation or depreciation of the yen would be unfavorable for our Group and could consequently adversely affect its financial position and performance.」
The Group continues to identify the risk of yen appreciation affecting customers' exports and orders and yen depreciation increasing procurement prices for foreign-made components. - FY2024-Q3RestatedAnnual report
「Japan's economy showed a gradual recovery as movement toward the normalization of economic activity progressed following the reclassification of COVID-19 to Category 5. However, uncertainty about the outlook continues due to the prolonged Russia-Ukraine situation, heightened geopolitical risks in the Middle East, and rising prices associated with the depreciation of the yen, among other factors.」
The disclosure continues to describe uncertainty in the external environment, including rising prices associated with the depreciation of the yen, but indicates no specific impact on performance from exchange-rate movements or new response measures for the quarter. - FY2024-Q2RestatedAnnual report
「Japan's economy continued to recover gradually as COVID-19 was reclassified to Category 5 and economic activity returned to normal. However, the outlook remains uncertain due to the prolonged Russia-Ukraine situation, the continued trend toward yen depreciation, soaring energy and raw material prices, and inflation.」
The disclosure continues to describe uncertainty in the external environment, including the continued trend toward yen depreciation and soaring energy and raw material prices, but indicates no specific impact on performance from exchange-rate movements or new response measures for the quarter. - FY2024-Q1RestatedAnnual report
「Japan's economy also showed signs of recovery in social and economic activity as restrictions on movement related to COVID-19 were eased. However, uncertainty about the outlook continues due to the prolonged situation in Ukraine, sharp exchange-rate fluctuations, and soaring raw material and energy prices, among other factors.」
The disclosure continues to describe uncertainty in the external environment, including sharp exchange-rate fluctuations, but indicates no specific impact on performance from exchange-rate movements or new response measures for the quarter. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the global economy was generally on a recovery trend, but uncertainty about the outlook intensified due to the resurgence of COVID-19, supply-chain disruptions caused by lockdowns in China, higher raw material and energy prices resulting from the prolonged situation in Ukraine, and the rapid depreciation of the yen, among other factors.」
The disclosure continues to describe uncertainty in the external environment, including the rapid depreciation of the yen and higher raw material and energy prices, but indicates no specific foreign-exchange impact or new response measures for the quarter. - FY2023-Q2RestatedAnnual report
「Japan's economy had been showing a gradual recovery as restrictions on movement related to COVID-19 were eased, but concerns about an economic slowdown have intensified due to the impact of the subsequent large-scale seventh wave of infections, the prolonged situation in Ukraine, soaring raw material and energy prices, and exchange-rate fluctuations caused by the rapid depreciation of the yen.」
The disclosure describes the external environment, including exchange-rate fluctuations caused by the rapid depreciation of the yen, but provides no new information on the specific foreign-exchange impact on our Group or its response measures. - FY2023-Q1RestatedAnnual report
「The outlook remains uncertain due to soaring energy and raw material prices against the backdrop of Russia's military invasion of Ukraine and the rapid depreciation of the yen resulting from higher U.S. interest rates, among other factors.」
The rapid depreciation of the yen resulting from higher U.S. interest rates is described as part of the external environment, but no specific impact on our Group is indicated. - FY2022RestatedAnnual report
「Accordingly, an extreme appreciation or depreciation of the yen would be unfavorable for our Group and could consequently adversely affect its financial position and performance.」
The disclosure reiterates the risk of yen appreciation affecting customers' exports and orders and yen depreciation increasing procurement prices for foreign-made components. - FY2021RestatedAnnual report
「Accordingly, an extreme appreciation or depreciation of the yen would be unfavorable for our Group and could consequently adversely affect its financial position and performance.」
The disclosure reiterates the risk of yen appreciation affecting customers' exports and orders and yen depreciation increasing procurement prices for foreign-made components. - FY2020First statedAnnual report
「Accordingly, an extreme appreciation or depreciation of the yen would be unfavorable for our Group and could consequently adversely affect its financial position and performance.」
Yen appreciation is expected to reduce orders associated with customers' exports, while yen depreciation is expected to increase procurement prices for foreign-made components.