Foreign-Exchange Volatility and Rising Interest Rates
First written in FY2016. 8 of 30 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Alps Alpine moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 5 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Update on full-year foreign-exchange lossesAnnual report
「Foreign exchange loss 2,747」
With respect to foreign exchange movements, a ¥2.747 billion foreign exchange loss was recorded for the consolidated fiscal year. - FY2026-H1First-half foreign exchange loss updateAnnual report
「Foreign exchange loss 3,054」
With respect to foreign exchange movements, a ¥3.054 billion foreign exchange loss was recorded as a non-operating expense for the six months ended the second quarter. The downward impact of the stronger yen on sales and operating profit was also noted. - FY2025-H1First-half foreign exchange loss updateAnnual report
「Foreign exchange loss 4,633」
With respect to foreign exchange movements, a ¥4.633 billion foreign exchange loss was recorded for the six months ended the second quarter. The impact reversed from the foreign exchange gain recorded in the same period of the previous year. - FY2024-Q3Nine-month cumulative foreign exchange gain updateAnnual report
「Foreign exchange gain 437」
With respect to foreign exchange movements, a ¥437 million foreign exchange gain was disclosed for the nine months ended the third quarter. - FY2024-Q2First-half foreign exchange gain updateAnnual report
「Foreign exchange gain 4,343」
With respect to foreign exchange movements, a ¥4.343 billion foreign exchange gain was recorded as non-operating income for the six months ended the second quarter. This was down from ¥5.940 billion in the same period of the previous year. - FY2024-Q1First-quarter foreign exchange gain updateAnnual report
「Foreign exchange gain 3,968」
With respect to the impact of foreign exchange movements, a ¥3.968 billion foreign exchange gain was recorded for the nine months ended the first quarter. Although this was down from ¥5.269 billion in the same period of the previous year, the positive effect of the weaker yen in boosting sales and profit was also noted. - FY2023MaterialisedAnnual report
「The Group seeks to minimize the impact of foreign exchange movements through forward foreign exchange contracts, currency options and the offsetting of foreign-currency-denominated receivables and payables. However, if exchange-rate movements deviate significantly from assumptions, they may affect the Group's operating performance and financial position.」
The hedging policy for foreign exchange risk was reconfirmed. In the fiscal year ended March 2023, a ¥519 million foreign exchange loss was recorded, reversing the impact from the foreign exchange gain in the previous fiscal year. - FY2023-Q3Nine-month cumulative foreign exchange gain updateAnnual report
「Foreign exchange gain 683」
With respect to foreign exchange movements, a ¥683 million foreign exchange gain was recorded as non-operating income for the nine months ended the third quarter. - FY2023-Q2First-half foreign exchange gain updateAnnual report
「Foreign exchange gain 5,940」
With respect to the impact of foreign exchange movements, a ¥5.940 billion foreign exchange gain was recorded as non-operating income for the six months ended the second quarter. - FY2023-Q1First-quarter foreign exchange gain updateAnnual report
「Foreign exchange gain 5,269」
With respect to the impact of foreign exchange movements, a ¥5.269 billion foreign exchange gain was recorded in the first quarter. - FY2022Full-year foreign exchange gain updateAnnual report
「Foreign exchange gain 4,500」
With respect to the impact of foreign exchange movements, the ¥550 million foreign exchange gain for the nine-month cumulative period became a ¥4,500 million foreign exchange gain for the full year. - FY2022-Q3Nine-month cumulative foreign exchange gain updateAnnual report
「Foreign exchange gain - 550」
With respect to the impact of foreign exchange movements, the result turned from a ¥2,483 million foreign exchange loss in the same period of the previous year to a ¥550 million foreign exchange gain for the nine months ended the third quarter. - FY2022-Q1Contribution to performance from the yen's depreciationAnnual report
「The Group is also accelerating the development of new products in the CASE (Connected, Autonomous, Shared & Services, Electric) domain. This includes developing and moving toward mass production of an ECU (Electronic Control Unit) for hands-off detection compatible with driver assistance systems, as well as jointly developing next-generation HMI (Human Machine Interface) products with 株式会社東海理化 for practical application in 2024, thereby promoting product development to address a wide range of demand.」
Regarding foreign exchange, the explanation of automotive-market performance stated that the weaker yen had provided an additional benefit. - FY2021-Q3Nine-month cumulative foreign exchange loss updateAnnual report
「Foreign exchange loss 2,483」
With respect to the impact of foreign exchange movements, a ¥2.483 billion foreign exchange loss was recorded as a non-operating expense for the nine months ended the third quarter. - FY2021-Q2First-half foreign exchange loss updateAnnual report
「Foreign exchange loss 966」
With respect to the impact of foreign exchange movements, a ¥966 million foreign exchange loss was recorded as a non-operating expense for the six months ended the second quarter. - FY2021-Q1First-quarter foreign exchange loss updateAnnual report
「Foreign exchange loss 493」
With respect to the impact of foreign exchange movements, a ¥493 million foreign exchange loss was recorded as a non-operating expense in the first quarter. - FY2020MaterialisedAnnual report
「Foreign exchange loss 3,655」
The impact of foreign exchange movements materialized as a ¥3.655 billion foreign exchange loss, recorded as a non-operating expense for the full year. - FY2020-Q3MaterialisedAnnual report
「Foreign exchange loss 2,456」
Foreign exchange movements materialized as a ¥2.456 billion foreign exchange loss, recorded as a non-operating expense for the nine months ended the third quarter. - FY2020-Q2MaterialisedAnnual report
「Foreign exchange loss 2,713」
Foreign exchange movements against the backdrop of the stronger yen materialized as a ¥2.713 billion foreign exchange loss, recorded as a non-operating expense in the first half. - FY2020-Q1MaterialisedAnnual report
「Foreign exchange loss 2,190」
Foreign exchange movements materialized as an approximately ¥2.2 billion foreign exchange loss, recorded as a non-operating expense in the first quarter. - FY2019-Q3RestatedAnnual report
「In addition, although the yen remained weaker than assumed and contributed to performance, this was not enough overall to offset the decline in smartphone-related products, resulting in year-on-year decreases in both net sales and operating profit.」
The contribution to performance from the weaker-than-assumed yen continued to be noted, but it was not enough to offset the decline in smartphone-related products. - FY2019-Q1RestatedAnnual report
「The yen also remained weaker than initially assumed, and performance generally remained at a high level. However, both sales and operating profit declined from the same period of the previous year.」
It was stated that the yen remained on a weaker trend than initially assumed. The actual impact of foreign exchange continued to be disclosed. - FY2018Contribution to performance from the yen's depreciationAnnual report
「In addition to the foregoing, the yen remained weaker than initially assumed throughout the year, and performance expanded steadily.」
Regarding foreign-exchange fluctuations, it was stated that the yen remained weaker than initially assumed during the current fiscal year, contributing to performance growth in the electronic components and other businesses. - FY2018-Q3RestatedAnnual report
「In addition to the foregoing, the yen remained weaker than initially assumed, and the scale of the business expanded steadily.」
The statement that the yen's depreciation beyond the initial assumption was a factor contributing to business expansion was continued. The fact that the impact of foreign-exchange fluctuations appeared in actual performance was unchanged from the previous description. - FY2018-Q2Performance boost from the yen's depreciationAnnual report
「In addition to the foregoing activities, the yen remained weaker than initially assumed, and the scale of the business expanded steadily.」
For the quarter, the yen's depreciation beyond the initial assumption was cited as a factor contributing to the expansion of the electronic components business. - FY2017MaterialisedAnnual report
「In addition, foreign-exchange fluctuations reduced profit by ¥13.7 billion.」
Foreign-exchange fluctuations, mainly the yen's appreciation, actually affected full-year operating profit as a ¥13.7 billion factor reducing profit. - FY2017-Q3RestatedAnnual report
「Looking ahead to the era of autonomous driving, the Company began developing next-generation automotive systems jointly with IBM Japan, Ltd. and pursued a strategic alliance with Toshiba Corporation to create new businesses using drones that apply the Company's position-control technology developed through navigation development. Through these and other efforts to strengthen its business platform, performance remained solid despite being significantly affected by foreign-exchange fluctuations.」
Although conditions affected by foreign-exchange fluctuations continued, no new changes were indicated beyond the scope of the impact described through the previous quarter. - FY2017-Q2MaterialisedAnnual report
「Although the growth rate of the overall smartphone market in the mobile market has been slowing, new smartphones from North American manufacturers were launched, while local manufacturers continued to expand their share in China, and the market remained relatively strong. However, it was significantly affected by foreign-exchange fluctuations.」
The impact of foreign-exchange fluctuations extended beyond the mobile market in the electronic components business to the automotive information equipment business. Foreign-exchange losses of ¥2.296 billion were recorded in non-operating expenses for the first half. - FY2017-Q1MaterialisedAnnual report
「The impact of foreign-exchange fluctuations was significant, and conditions remained difficult.」
It was stated that foreign-exchange risk actually affected quarterly performance in the automotive information equipment business. - FY2016First statedAnnual report
「If the yen appreciates against foreign currencies, particularly the US dollar and euro, this could adversely affect the Group's performance. Accordingly, the Group seeks to minimize the impact of foreign-exchange fluctuations through hedging transactions using forward foreign-exchange contracts and currency options, as well as by offsetting foreign-currency-denominated receivables and payables.」
Risk reduction measures including foreign-exchange hedging, offsetting foreign-currency receivables and payables, and interest-rate swaps were described.