Impact of Exchange Rate Fluctuations on Performance and Financial Position
First written in FY2016. 10 of 20 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「For fiscal 2026, the yen is expected to appreciate against the U.S. dollar and euro throughout the year, resulting in a certain adverse impact on overall results.」
A certain adverse impact on results from yen appreciation against the U.S. dollar and euro was expected in fiscal 2026. - FY2025-H1MaterialisedAnnual report
「Consolidated total assets at the end of the current interim consolidated accounting period were ¥9.3154 trillion, down ¥95.8 billion from the end of the previous consolidated fiscal year. The decrease was mainly due to the impact of the yen's appreciation, despite increases in property, plant and equipment and other items.」
The impact of yen appreciation actually emerged as the main factor behind the decrease in consolidated total assets at the end of the interim period. Equity attributable to owners of the parent also declined due to a decrease in the foreign currency translation adjustment for overseas operations. - FY2024The actual impact of yen depreciation and the expected impact of yen appreciation in the following fiscal year were updated.Annual report
「In fiscal 2023, the impact on exports from the yen's depreciation against the U.S. dollar and euro was substantial compared with the previous fiscal year and had an overall favorable impact on results. For fiscal 2024, the yen was expected to appreciate against the U.S. dollar and euro throughout the year, resulting in a certain adverse impact on overall results.」
Following the previous fiscal year's forecast, it was stated that the yen's depreciation against the U.S. dollar and euro had a favorable impact on results in fiscal 2023, while a certain adverse impact from yen appreciation was expected in fiscal 2024. - FY2024-Q3MaterialisedAnnual report
「Consolidated net sales for the first nine months of the current fiscal year were ¥6.3003 trillion, up 1% year on year. Although Industry sales declined substantially, sales increased due to higher sales of Automotive, Connect, and automotive batteries, together with the impact of currency translation.」
The impact of currency translation actually contributed to higher sales for the first nine months, together with higher sales of Automotive, Connect, and automotive batteries. - FY2024-Q2MaterialisedAnnual report
「Although Industry sales declined substantially, sales increased due to higher sales of Automotive, Connect, and automotive batteries, together with the impact of currency translation.」
The impact of currency translation actually contributed to higher sales for the first six months, together with higher sales of Automotive, Connect, and automotive batteries. - FY2024-Q1MaterialisedAnnual report
「Although Industry sales declined substantially, sales increased due to higher sales of Automotive, Connect, and automotive batteries, together with the impact of currency translation.」
The impact of currency translation, including yen depreciation, actually contributed to higher sales in the first quarter, together with higher sales of Automotive, Connect, and automotive batteries. - FY2023The actual impact of yen depreciation and the expected adverse impact in the following fiscal year were presented together.Annual report
「In fiscal 2022, the depreciation of the yen against the U.S. dollar and euro had a favorable impact on exports compared with the previous fiscal year, while its depreciation against the yuan had an adverse impact, resulting in no significant overall impact on results. For fiscal 2023, the yen was expected to appreciate against the U.S. dollar and euro and depreciate slightly against the yuan throughout the year, resulting in a certain adverse impact on overall results.」
Regarding the impact of yen depreciation, fiscal 2022 results showed positive and negative effects by currency, while a certain adverse impact was expected in fiscal 2023 based on an assumption of yen appreciation against the U.S. dollar and euro. - FY2023-Q1The impact of yen depreciation diverged between higher sales and concerns over the domestic economy.Annual report
「In Japan, the adverse impact of the rapid depreciation of the yen on the economy remained a concern, and the difficult-to-predict operating environment continued.」
While the rapid depreciation of the yen raised concerns about its adverse impact on the domestic economy, its two-sided impact was shown by the exchange-rate impact being identified as a contributor to higher sales in the Automotive, Industry, Energy, and other segments. - FY2022Yen depreciation had a favorable impact on overall results.Annual report
「In fiscal 2021, the yen's depreciation against the U.S. dollar and euro had an overall favorable impact on results compared with the previous fiscal year.」
In addition to the adverse impact of yen appreciation, it was noted that in fiscal 2021 the yen's depreciation against the U.S. dollar and euro had a favorable impact on overall results. - FY2020MitigatedAnnual report
「To mitigate the impact of these risks, we use foreign-currency matching, under which foreign currency earned through business activities is allocated to expenses denominated in the same currency; forward exchange transactions, under which the future selling or purchase price and quantity of foreign currency are contracted in advance; and local production for local consumption, under which products are manufactured in regions close to their markets.」
The measures to address exchange-rate risk were expanded beyond derivatives such as forward exchange contracts to include foreign-currency matching and local production for local consumption. - FY2020-Q3MaterialisedAnnual report
「Overseas sales declined despite growth in automotive batteries, due to weak television sales, lower sales of automotive equipment and mounting equipment affected by deteriorating market conditions in China, and the exchange-rate impact.」
The exchange-rate impact actually contributed to the decline in overseas sales for the first nine months of fiscal 2019, together with weak television sales and lower sales resulting from deteriorating market conditions in China. - FY2020-Q2MaterialisedAnnual report
「Overseas sales declined despite growth in automotive batteries, due to lower sales of automotive equipment and mounting equipment affected by deteriorating market conditions in China, as well as weak television sales and the exchange-rate impact.」
The exchange-rate impact actually contributed to the decline in overseas sales in the first half of fiscal 2019, together with lower sales in China and weak television sales. - FY2020-Q1MaterialisedAnnual report
「Overseas sales declined despite growth in automotive batteries, due to lower sales of mounting equipment and motors affected by deteriorating market conditions in China, as well as the exchange-rate impact.」
The exchange-rate impact actually contributed to the decline in overseas sales, together with lower sales in China and other factors. - FY2019MitigatedAnnual report
「We are working to mitigate exchange-rate risk, mainly through the use of derivatives such as forward exchange contracts.」
The Company continued to hedge exchange-rate risk through forward exchange contracts and other instruments, and disclosed the impact on pretax profit of a 1% appreciation of the yen against the U.S. dollar, euro, and yuan. - FY2018MitigatedAnnual report
「We are working to mitigate exchange-rate risk, mainly through the use of derivatives such as forward exchange contracts.」
Hedging with derivatives such as forward exchange contracts was explicitly identified as a measure to address exchange-rate risk. - FY2018-Q2The exchange-rate impact contributed to higher sales.Annual report
「Overseas sales increased, reflecting substantial growth in automotive businesses, including infotainment and energy businesses such as secondary batteries, as well as the newly consolidated results of Ficosa and Zetes and the exchange-rate impact.」
While the previous filing explained that yen appreciation reduced sales, this filing identified the exchange-rate impact, together with newly consolidated results and other factors, as a contributor to higher overseas sales. - FY2017MaterialisedAnnual report
「Consolidated net sales for the fiscal year declined to ¥7.3437 trillion from ¥7.6263 trillion in the previous fiscal year, largely due to the impact of the yen's appreciation.」
It was explained that the exchange-rate impact of the yen's appreciation reduced full-year consolidated net sales to ¥7.3437 trillion. - FY2017-Q3MaterialisedAnnual report
「Consolidated net sales for the first nine months of the current fiscal year were ¥5.35 trillion, down 6% year on year, largely due to the exchange-rate impact of the yen's appreciation.」
It was explained that the exchange-rate impact of the yen's appreciation actually contributed to the decline in consolidated net sales for the first nine months. - FY2017-Q1MaterialisedAnnual report
「Overseas sales declined overall despite the addition of sales from Husmann and strong home appliance sales in Asia, because the exchange-rate impact from the yen's appreciation was substantial.」
The appreciation of the yen actually reduced overseas sales. - FY2016First statedAnnual report
「Overall, within the Group, appreciation of the yen against local currencies has an adverse impact on results, while yen depreciation has a favorable impact. However, yen depreciation against some currencies, such as the yuan, may adversely affect results in certain businesses by raising the prices of imported products.」
Although the overall impact was said to have declined as overseas production expanded, excessive exchange-rate fluctuations were identified as a risk.