Foreign exchange risk arising primarily from US dollar settlements
First written in FY2016. 11 of 35 entries say "Worsened", first in FY2017. Latest entry: 2026-08-13.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- 2026-08-13MitigatedEarnings
「Ordinary income and net income attributable to owners of the parent increased due to higher operating income and improvements in foreign exchange gains and losses, among other factors.」
Foreign exchange gains and losses improved from a loss of ¥481 million in the same quarter of the previous year to a gain of ¥162 million in the current quarter. - FY2026MitigatedAnnual report
「Non-operating income increased 29.1% year on year to ¥1,117 million, mainly due to the recording of a foreign exchange gain of ¥323 million. Non-operating expenses decreased 97.0% year on year to ¥36 million, mainly because the foreign exchange loss of ¥1,119 million recorded in the previous consolidated fiscal year did not arise in the current consolidated fiscal year.」
The foreign exchange loss of ¥1,119 million in the previous year turned into a foreign exchange gain of ¥323 million in the current year, improving the foreign exchange impact on profit and loss. However, foreign exchange risk from US dollar-denominated purchases continues. - 2026-05-15MitigatedEarnings
「Ordinary income increased due to higher operating income and improvements in foreign exchange gains and losses, among other factors.」
The company’s foreign exchange impact improved, moving from a foreign exchange loss in the previous fiscal year to a foreign exchange gain in the current fiscal year. Continued yen depreciation and inflation were also identified as concerns. - FY2026-H1MitigatedAnnual report
「Foreign exchange loss ¥804 million ¥249 million」
Although foreign exchange risk from US dollar-denominated purchases continues, the foreign exchange loss decreased from ¥804 million in the same period of the previous year to ¥249 million. - FY2025WorsenedAnnual report
「Although operating income increased, overall profit declined because the foreign exchange gain arising in the previous consolidated fiscal year turned into a foreign exchange loss in the current consolidated fiscal year amid continued sharp exchange rate fluctuations.」
The foreign exchange gain in the previous year turned into a foreign exchange loss in FY2025, with a foreign exchange loss of ¥1,119 million contributing to the decrease in ordinary income. - FY2025-H1WorsenedAnnual report
「Although interest income increased, overall profit decreased from the same period of the previous year because operating income declined and the foreign exchange gain in the same period of the previous year turned into a foreign exchange loss in the interim cumulative consolidated period amid continued sharp exchange rate fluctuations.」
The foreign exchange gain of ¥199 million in the same period of the previous year turned into a foreign exchange loss of ¥804 million in the interim cumulative consolidated period, contributing to the decrease in ordinary income. - FY2024MitigatedAnnual report
「Overall profit increased due to the increase in operating income, an increase in interest income, and the foreign exchange loss arising from the rapid depreciation of the yen in the previous consolidated fiscal year turning into a foreign exchange gain in the current consolidated fiscal year.」
The foreign exchange loss caused by the rapid depreciation of the yen in the previous year turned into a foreign exchange gain in FY2024, improving the foreign exchange impact on profit and loss. Meanwhile, the risk of higher costs from US dollar-denominated purchases continues. - FY2024-Q3MitigatedAnnual report
「Overall profit increased from the same quarter of the previous year, due to the increase in operating income, an increase in interest income, and the foreign exchange loss arising from the rapid depreciation of the yen in the same quarter of the previous year decreasing in the third quarter cumulative consolidated period.」
The foreign exchange loss of ¥492 million recorded in the same period of the previous year decreased to ¥255 million in the current quarter cumulative period, improving the foreign exchange impact. However, the underlying risk from yen depreciation on US dollar-denominated purchases continues. - FY2024-Q2Continuation of the shift from a foreign exchange loss to a foreign exchange gainAnnual report
「Overall profit increased from the same quarter of the previous year, due to the increase in operating income, an increase in interest income, and the foreign exchange loss arising from the rapid depreciation of the yen in the same quarter of the previous year turning into a foreign exchange gain in the second quarter cumulative consolidated period.」
The foreign exchange loss in the same period of the previous year turned into a foreign exchange gain in the current quarter, improving the foreign exchange impact on profit and loss. Meanwhile, costs continue to rise due to the depreciation of the yen on US dollar-denominated purchases. - FY2024-Q1Shift from foreign-exchange losses to gainsAnnual report
「Overall profit increased from the same quarter of the previous year, due to the foreign exchange loss arising from the rapid depreciation of the yen in the same quarter of the previous year turning into a foreign exchange gain in the first quarter cumulative consolidated period, as well as an increase in interest income.」
The foreign exchange loss caused by the rapid depreciation of the yen in the same period of the previous year turned into a foreign exchange gain of ¥46 million in the current quarter. However, the impact of yen depreciation on purchase costs continues to be disclosed. - FY2023WorsenedAnnual report
「Ordinary income declined because, in addition to the decrease in operating income, non-operating expenses increased as a foreign exchange loss arose from the rapid depreciation of the yen.」
A foreign exchange loss of ¥419 million was recorded due to the rapid depreciation of the yen, contributing to the decrease in ordinary income. - FY2023-Q3WorsenedAnnual report
「Ordinary income declined because, in addition to the decrease in operating income, non-operating expenses increased as a foreign exchange loss arose from the rapid depreciation of the yen.」
A foreign exchange loss actually arose from the rapid depreciation of the yen, reaching ¥492 million in the third quarter cumulative period and contributing to the decrease in ordinary income. - FY2023-Q2Higher costs due to yen depreciation and foreign exchange gains on dollar assetsAnnual report
「For our company, which procures products overseas in US dollars, the yen's depreciation compared with the same quarter of the previous year had a significant impact on increasing costs when translated into yen, reducing gross profit.」
While costs continued to rise due to the depreciation of the yen on US dollar-denominated purchases, the rapid yen depreciation also generated foreign exchange gains on dollar assets held by the company. - FY2023-Q1WorsenedAnnual report
「Ordinary income declined because non-operating expenses increased as a foreign exchange loss arose from the rapid depreciation of the yen.」
A foreign exchange loss of ¥383 million arose from the rapid depreciation of the yen, contributing to the decrease in ordinary income. - FY2022WorsenedAnnual report
「We face foreign exchange risk from the sharp depreciation of the yen due to the Japan-US interest rate differential, and believe that difficult conditions will continue.」
For foreign exchange risk arising from US dollar-denominated purchases, the company added the sharp depreciation of the yen caused by the Japan-US interest rate differential as a specific factor of concern. - FY2022-Q2WorsenedAnnual report
「For our company, which makes many purchases denominated in US dollars, the impact of US dollar exchange rate fluctuations, which had been advancing since the previous year, was also on an increasing trend.」
The company explicitly recognized that the impact of exchange rate fluctuations was increasing, against the backdrop of its high volume of US dollar-denominated purchases. The foreign exchange loss was ¥10 million in the current fiscal year, compared with ¥14 million in the same period of the previous year. - FY2022-Q1Turning to foreign-exchange gainsAnnual report
「Non-operating income Interest income ¥5 million Dividend income ¥28 million Foreign exchange gain － ¥13 million」
In the first quarter cumulative period, a foreign exchange gain of ¥13 million was recorded, reversing the foreign exchange impact from a foreign exchange loss of ¥110 million in the same period of the previous year. This does not state that foreign exchange fluctuation risk itself had disappeared. - FY2021-Q3Shift from Foreign Exchange Losses to GainsAnnual report
「Non-operating income Interest income ¥20 million Dividend income ¥36 million Foreign exchange gain － ¥97 million Purchase discounts ¥4 million」
In the third quarter cumulative consolidated period, a foreign exchange gain of ¥97 million was recorded, reversing the foreign exchange impact from a foreign exchange loss of ¥70 million in the same period of the previous year. This does not state that foreign exchange fluctuation risk itself had disappeared. - FY2021-Q2MitigatedAnnual report
「Foreign exchange loss ¥56 million ¥14 million」
The foreign exchange loss decreased from ¥56 million in the same period of the previous year to ¥14 million. This does not state that foreign exchange fluctuation risk itself had disappeared. - FY2021-Q1WorsenedAnnual report
「Foreign exchange loss ¥34 million ¥110 million」
The foreign exchange loss increased from ¥34 million in the same period of the previous year to ¥110 million in the first quarter cumulative period. - FY2020MitigatedAnnual report
「This was mainly attributable to a ¥104 million decrease in foreign exchange losses.」
The foreign exchange loss decreased from ¥111 million in the previous fiscal year to ¥6 million in the current fiscal year. This does not state that foreign exchange fluctuation risk itself had disappeared. - FY2020-Q3Smaller foreign-exchange lossesAnnual report
「Foreign exchange loss ¥218 million ¥70 million」
The foreign exchange loss narrowed from ¥218 million in the same period of the previous year to ¥70 million in the current quarter cumulative period. This does not state that foreign exchange fluctuation risk itself had disappeared. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there were no new developments or significant changes in foreign exchange fluctuation risk, primarily relating to US dollar settlements. - FY2019WorsenedAnnual report
「A large proportion of the products handled by our group, including finished goods, is procured from China, Taiwan and other Asian countries, and most transactions are settled in US dollars. If the exchange rate between the Japanese yen and the US dollar moves toward yen depreciation, procurement prices in yen terms will rise.」
A foreign exchange loss of ¥111 million was recorded in the current fiscal year, with the foreign exchange impact turning negative from a foreign exchange gain of ¥256 million in the previous fiscal year. - FY2019-Q3WorsenedAnnual report
「Foreign exchange loss － ¥218.017 million」
In the third quarter cumulative consolidated period, a foreign exchange loss of ¥218.017 million was recorded, deteriorating from zero foreign exchange loss in the same period of the previous year. - FY2019-Q2Continuation of the reversal from a foreign exchange gain to a foreign exchange lossAnnual report
「Foreign exchange gain ¥38.580 million － Foreign exchange loss － ¥165.651 million」
In the second quarter cumulative period, a foreign exchange loss of ¥165.651 million was recorded, continuing the reversal in the foreign exchange impact from a foreign exchange gain of ¥38.580 million in the same period of the previous year. - FY2019-Q1Reversal from a foreign-exchange gain to a lossAnnual report
「Foreign exchange loss － ¥83.139 million」
In the first quarter cumulative consolidated period, a foreign exchange loss of ¥83.139 million was recorded, reversing the foreign exchange impact from a foreign exchange gain of ¥47.673 million in the same period of the previous year. - FY2018Reversal from a foreign-exchange loss to a gainAnnual report
「This was mainly because a foreign exchange loss of ¥461 million was recorded in the previous fiscal year, whereas no such loss was recorded in the current fiscal year.」
Against a foreign exchange loss of ¥461 million in the previous fiscal year, no foreign exchange loss was recorded in the current fiscal year, while a foreign exchange gain of ¥256 million was recorded in non-operating income. This does not state that foreign exchange fluctuation risk itself had disappeared. - FY2018-Q3Continued absence of foreign exchange lossesAnnual report
「Foreign exchange loss 639,746 －」
The foreign exchange loss was zero for the first 3 quarters of the current consolidated fiscal year, continuing the absence of foreign exchange losses compared with ¥639,746 thousand in the same period of the previous fiscal year. This does not indicate that foreign exchange risk itself has disappeared. - FY2018-Q2Reversal in foreign exchange effectsAnnual report
「Foreign exchange gain 38,580 Foreign exchange loss －」
The foreign exchange gain was ¥38,580 thousand for the first 2 quarters of the current consolidated fiscal year, reversing the foreign exchange loss of ¥133,740 thousand in the same quarter of the previous fiscal year. This does not indicate that foreign exchange risk itself has disappeared. - FY2017WorsenedAnnual report
「A large proportion of the products handled by our group, including finished goods, is procured from China, Taiwan and other Asian countries, and most transactions are settled in US dollars. If the exchange rate between the Japanese yen and the US dollar moves toward yen depreciation, procurement prices in yen terms will rise.」
The company continues to disclose the risk of higher procurement prices in yen terms when the yen depreciates due to US dollar settlements. The foreign exchange loss for the fiscal year was ¥461 million, up from ¥169 million in the previous fiscal year. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explicitly states that there have been no significant changes in foreign exchange risk centered on US dollar settlements. - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explicitly states that there have been no significant changes in foreign exchange risk centered on US dollar settlements. - FY2017-Q1RestatedAnnual report
「During the cumulative consolidated period for the first quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no significant changes from the previous fiscal year's disclosure regarding foreign exchange risk. - FY2016First statedAnnual report
「A large proportion of the products handled by our group, including finished goods, is procured from China, Taiwan and other Asian countries, and most transactions are settled in US dollars. If the exchange rate between the Japanese yen and the US dollar moves toward yen depreciation, procurement prices in yen terms will rise.」
The company recorded a foreign exchange loss of ¥169 million during the fiscal year, showing that foreign exchange effects materialized in its results.