Foreign Exchange and Interest Rate Fluctuation Risk
First written in FY2016. 7 of 11 entries say "Restated". Latest entry: FY2026.
Saxa moved to the "Worse" side of this theme in 2026, 8 years after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 10 of 23 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The impact on the economy of financial and capital market volatility resulting from the Bank of Japan’s policy rate hikes」
In addition to the previous interest rate volatility risk, the company explicitly identified the Bank of Japan’s policy rate hikes and financial and capital market volatility as factors in the economic environment during the fiscal year. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended 31 December, Japan’s economy showed signs of normalization in economic activity, including the reclassification of COVID-19 under the Infectious Diseases Control Law as a Category V infectious disease. However, it remained in uncertain conditions owing to factors including higher raw material and crude oil prices, continued yen depreciation in foreign exchange markets, and heightened geopolitical risks.」
While economic activity showed signs of normalization, the company has reconfirmed the uncertainty resulting from continued yen depreciation, higher raw material and crude oil prices, and heightened geopolitical risks. - FY2024-Q2RestatedAnnual report
「Higher component procurement prices from manufacturers’ distributors and the continuing foreign exchange impact of a rapid depreciation of the yen in foreign exchange markets」
The company states that higher component procurement prices and the foreign exchange impact of a rapid depreciation of the yen continue. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, Japan’s economy showed signs of normalization in economic activity, including the reclassification of COVID-19 under the Infectious Diseases Control Law as a Category V infectious disease. However, it remained in uncertain conditions owing to factors including higher raw material and crude oil prices, a rapid depreciation of the yen in foreign exchange markets, and the prolonged situation in Ukraine.」
While economic activity showed signs of normalization, the company has reconfirmed the uncertainty resulting from higher raw material and crude oil prices, rapid yen depreciation, and the prolonged situation in Ukraine. - FY2023-Q1WorsenedAnnual report
「The economy remained in uncertain conditions owing to factors including higher raw material and crude oil prices, a rapid depreciation of the yen in foreign exchange markets, and the prolonged situation in Ukraine.」
The company explicitly identified a rapid depreciation of the yen in foreign exchange markets as part of the economic environment during the quarter. - FY2019RestatedAnnual report
「The corporate group has taken measures including forward foreign exchange contracts for some transactions, but a further depreciation of the yen could push up procurement prices and adversely affect the corporate group’s operating performance and financial condition.」
While referring to measures including forward foreign exchange contracts, the company has reconfirmed the risks of higher procurement prices resulting from yen depreciation and interest rate volatility. - FY2018RestatedAnnual report
「The corporate group has taken measures including forward foreign exchange contracts for some transactions, but a further depreciation of the yen could push up procurement prices and adversely affect the corporate group’s operating performance and financial condition. The corporate group is also exposed to interest rate volatility risk. Although it takes various measures to mitigate this risk, sharp interest rate movements may adversely affect the corporate group’s operating performance and financial condition.」
While referring to measures including forward foreign exchange contracts, the company has reconfirmed the risks of higher procurement prices resulting from yen depreciation and interest rate volatility. - FY2017RestatedAnnual report
「The corporate group has taken measures including forward foreign exchange contracts for some transactions, but a further depreciation of the yen could push up procurement prices and adversely affect the corporate group’s operating performance and financial condition. The corporate group is also exposed to interest rate volatility risk. Although it takes various measures to mitigate this risk, sharp interest rate movements may adversely affect the corporate group’s operating performance and financial condition.」
While referring to measures including forward foreign exchange contracts, the company has reconfirmed the risks of higher procurement prices resulting from yen depreciation and interest rate volatility. - FY2016First statedAnnual report
「The corporate group’s foreign-currency transactions are import-heavy and are affected by fluctuations in foreign exchange rates. The corporate group is also exposed to interest rate volatility risk. Although it takes various measures to mitigate this risk, sharp interest rate movements may adversely affect the corporate group’s operating performance and financial condition.」
The company describes foreign exchange risk associated with its import-heavy business and interest rate volatility risk related to borrowings and other items.