Impact of Exchange-Rate Fluctuations on Business, Performance and Financial Position
First written in FY2019. 4 of 13 entries say "Restated". Latest entry: 2026-08-06.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2026-H1MitigatedAnnual report
「In its core PC peripheral business, earnings improved due to the effects of price increases implemented in the previous fiscal year taking hold, the yen remaining stronger than assumed exchange rates, and progress in cost-reduction initiatives for some products.」
Although exchange rates remain volatile, the fact that the yen remained stronger than the assumed exchange rate was cited as a factor behind improved earnings, with exchange-rate-related cost pressures partly easing during the interim period. - FY2025-H1RestatedAnnual report
「During the interim consolidated fiscal period, the Japanese and global economies made further progress toward normalization of social and economic activity as COVID-19 was reclassified to Category 5 and restrictions on activities to prevent the spread of infection were eased. However, the outlook for the economy remained uncertain due to the prolonged situation in Ukraine, worldwide price increases and continued yen depreciation.」
While economic activity is normalizing, the yen's depreciation, rising prices and continued uncertainty over the outlook due to the situation in Ukraine remain factors of concern. - FY2024-Q3RestatedAnnual report
「In the digital consumer electronics industry relevant to the group, capital investment by companies in the business market showed signs of recovery, but demand in the consumer market continued to contract because of weak spending capacity amid higher prices.」
A recovery trend in business capital investment coexists with contracting consumer demand. Cost inflation, driven primarily by yen depreciation, also continues. - FY2024-Q2WorsenedAnnual report
「During the six-month period of the current fiscal year, social and economic activity moved toward normalization as COVID-19 was reclassified as a Class 5 disease and restrictions on activities to prevent the spread of infection were relaxed. However, the outlook for economic conditions remained uncertain due to factors including the prolonged situation in Ukraine, global price increases and further depreciation of the yen.」
Regarding foreign exchange risk, further yen depreciation continues to be a source of macroeconomic uncertainty. - FY2024-Q1MaterialisedAnnual report
「Cost inflation, driven primarily by yen depreciation, created an extremely challenging earnings environment.」
The company states that foreign exchange movements, particularly yen depreciation, actually affected deteriorating profitability in the IT-related business through higher costs. - FY2023MaterialisedAnnual report
「Yen depreciation and cost inflation stemming from the global semiconductor shortage created an extremely challenging earnings environment.」
Cost pressure from yen depreciation, together with cost inflation stemming from the semiconductor shortage, materialized over the full fiscal year as deteriorating profitability in the IT-related business. - FY2023-Q2RestatedAnnual report
「Although the company worked to ensure a stable supply of products and maintained its share, revenue declined because of shrinking domestic demand. The sharp rise in costs stemming from the weaker yen and the global semiconductor shortage also created a challenging earnings environment.」
Yen depreciation, together with cost inflation stemming from the semiconductor shortage, continues to create a challenging earnings environment. - FY2023-Q1MaterialisedAnnual report
「The earnings environment also became challenging in terms of profit due to higher costs stemming from the weaker yen and the global semiconductor shortage.」
Yen depreciation, together with cost inflation stemming from the semiconductor shortage, has emerged as a challenging earnings environment, and the impact of foreign exchange risk has appeared in actual results. - FY2020RestatedAnnual report
「To address exchange-rate movements, we enter into forward foreign exchange contracts and adjust inventories of products and materials. However, sudden or substantial exchange-rate movements may affect our business, results of operations and financial position.」
While entering into foreign exchange forwards and adjusting inventories, the company continues to disclose the possibility of an impact from sudden or substantial exchange-rate movements. - FY2019First statedAnnual report
「The group has taken various measures to mitigate foreign exchange risk. However, fluctuations in exchange rates may affect its business, results of operations and financial position.」
The company has newly disclosed separately the risk of foreign exchange movements and the possibility that such movements could affect its business, results and financial position despite measures such as hedging.