Securing Overseas Profits Through a Dollar-Denominated Shipping Model
First written in FY2016-Q3. 4 of 8 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 3 of 13 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The group previously conducted yen-denominated transactions for sales of products to overseas subsidiaries, but from the 34th fiscal year it established a dollar-denominated shipping structure, changing to a system whereby the overseas subsidiaries generally purchase products directly from subcontractors in U.S. dollars.」
The company continues to explain the dollar-denominated shipping structure as a measure to mitigate foreign exchange risk associated with procurement and settlement by overseas subsidiaries. - FY2023RestatedAnnual report
「The group previously conducted yen-denominated transactions for sales of products to overseas subsidiaries, but from the 34th fiscal year it established a dollar-denominated shipping structure, changing to a system whereby the overseas subsidiaries generally purchase products directly from subcontractors in U.S. dollars.」
The company continues to explain the dollar-denominated shipping structure as a measure to mitigate foreign exchange risk associated with procurement and settlement by overseas subsidiaries. - FY2021RestatedAnnual report
「The company established a dollar-denominated shipping structure from the 34th fiscal year, changing from yen-denominated transactions for sales of products to overseas subsidiaries to a structure whereby the overseas subsidiaries generally purchase products directly from subcontractors in U.S. dollars.」
The company continues to explain the dollar-denominated shipping structure as a measure to mitigate foreign exchange risk associated with procurement and settlement by overseas subsidiaries. - FY2019RestatedAnnual report
「The company established a dollar-denominated shipping structure from the 34th fiscal year, changing from yen-denominated transactions for sales of products to overseas subsidiaries to a structure whereby the overseas subsidiaries generally purchase products directly from subcontractors in U.S. dollars.」
The company continues to explain the dollar-denominated shipping structure as a measure to mitigate foreign exchange risk associated with procurement and settlement by overseas subsidiaries. - FY2018Explaining the dollar-denominated shipping structure as a measure to mitigate foreign exchange risk rather than to secure overseas earningsAnnual report
「The company established a dollar-denominated shipping structure from the 34th fiscal year, changing from yen-denominated transactions for sales of products to overseas subsidiaries to a structure whereby the overseas subsidiaries generally purchase products directly from subcontractors in U.S. dollars.」
The dollar-denominated shipping structure continued to be mentioned, but this time it was positioned not as a means of securing overseas earnings but as a measure to mitigate foreign exchange risk associated with procurement and settlement by overseas subsidiaries. - FY2017-Q3DroppedAnnual report
「In terms of earnings, the decline in U.S. sales and the increase in research and development expenses caused the profit margin to decline, although domestic sales edged up from the previous fiscal year.」
The previous explanation that overseas earnings were secured through the dollar-denominated shipping structure was not included this time, while the earnings discussion focused on lower U.S. sales and a decline in the domestic profit margin. - FY2017-Q2ReframedAnnual report
「In terms of earnings, the company was able to secure earnings despite a decline in overseas sales.」
The company again reported securing earnings despite lower overseas sales, but the dollar-denominated shipping structure previously identified was not mentioned this time, and the explanation no longer specified the means. - FY2016-Q3First statedAnnual report
「Although overseas sales declined, the dollar-denominated shipping structure proved effective, enabling the company to secure earnings.」
The company explained that it secured overseas earnings through the dollar-denominated shipping structure.