Foreign Exchange Risk from Overseas Production and Sales
First written in FY2016. 18 of 26 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
Teac moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 5 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As a result of efforts to reduce finance costs, including measures to address foreign exchange risk, the Company also recorded profit for the year, representing an increase from the previous fiscal year.」
The reduction in finance costs, including measures to address foreign exchange risk, reduced finance costs from ¥287 million in the previous fiscal year to ¥155 million and contributed to the increase in profit for the year. - FY2026-H1MitigatedAnnual report
「The interim loss attributable to owners of the parent decreased compared with the same period of the previous fiscal year as a result of efforts to reduce finance costs, including foreign exchange gains and losses.」
The reduction in finance costs, including foreign exchange gains and losses, contributed to the decrease in the interim loss attributable to owners of the parent. - FY2025-H1MitigatedAnnual report
「The foreign exchange loss recorded in the first quarter turned into a foreign exchange gain, resulting in a decrease in the interim loss attributable to owners of the parent compared with the same period of the previous fiscal year.」
The foreign exchange loss incurred in the first quarter turned into a gain by the interim period, mitigating the impact of foreign exchange on the interim loss attributable to owners of the parent compared with the same period of the previous fiscal year. Meanwhile, a ¥217 million decrease in the foreign currency translation adjustment was recorded in other components of equity. - FY2024WorsenedAnnual report
「The Company recorded a foreign exchange loss of ¥222 million due to fluctuations in foreign exchange rates, resulting in profit for the year attributable to owners of the parent decreasing from the previous fiscal year and turning into a loss.」
The foreign exchange loss increased to ¥222 million from ¥52 million in the previous fiscal year. Foreign exchange risk contributed to turning profit or loss attributable to owners of the parent for the full fiscal year into a loss. - FY2024-Q3MaterialisedAnnual report
「The Company recorded a foreign exchange loss of ¥116 million due to fluctuations in foreign exchange rates, resulting in quarterly profit attributable to owners of the parent decreasing from the same period of the previous fiscal year and turning into a loss.」
The impact of foreign exchange movements materialized as a ¥116 million foreign exchange loss and contributed to the loss attributable to owners of the parent. - FY2024-Q2MaterialisedAnnual report
「The Company recorded a foreign exchange loss of ¥200 million due to fluctuations in foreign exchange rates, resulting in quarterly profit attributable to owners of the parent decreasing from the same period of the previous fiscal year and turning into a loss.」
The impact of foreign exchange movements materialized as a ¥200 million foreign exchange loss and contributed to the quarterly loss attributable to owners of the parent. - FY2024-Q1MaterialisedAnnual report
「The Company recorded a foreign exchange loss of ¥138 million due to fluctuations in foreign exchange rates, resulting in an increase in the quarterly loss attributable to owners of the parent compared with the same period of the previous fiscal year.」
The impact of foreign exchange movements materialized as a ¥138 million foreign exchange loss and contributed to the increase in the quarterly loss. - FY2023MaterialisedAnnual report
「The Company recorded a foreign exchange loss of ¥52 million due to fluctuations in foreign exchange rates, and profit attributable to owners of the parent decreased compared with the previous fiscal year.」
The impact of foreign exchange movements affected profit for the year through a ¥52 million foreign exchange loss. - FY2023-Q3MaterialisedAnnual report
「The Company recorded a foreign exchange loss of ¥70 million due to fluctuations in foreign exchange rates, and quarterly profit attributable to owners of the parent also decreased compared with the same period of the previous fiscal year.」
The impact of foreign exchange movements affected quarterly profit through a ¥70 million foreign exchange loss. - FY2023-Q2MaterialisedAnnual report
「The Company recorded a foreign exchange loss of ¥170 million due to fluctuations in foreign exchange rates, resulting in a decrease in quarterly profit attributable to owners of the parent compared with the same period of the previous fiscal year.」
The impact of foreign exchange movements was reflected in quarterly profit as a ¥170 million foreign exchange loss. - FY2022MaterialisedAnnual report
「The main changes in total equity were a ¥406 million increase in other components of equity due to an increase in the foreign currency translation adjustment for foreign operations associated with yen depreciation, a ¥93 million decrease in retained earnings arising from the remeasurement of retirement benefits, and the recognition of ¥392 million in profit attributable to owners of the parent.」
The foreign currency translation adjustment for foreign operations associated with yen depreciation contributed ¥406 million to the increase in equity, and the impact of foreign exchange movements was reflected in the annual results. - FY2022-Q3MaterialisedAnnual report
「Foreign operations — foreign currency translation adjustment: 145」
The impact of foreign exchange movements was reflected in other comprehensive income, with a ¥145 million foreign currency translation adjustment for foreign operations recorded. This time, it contributed to an increase in equity. - FY2021MaterialisedAnnual report
「The main changes in total equity were a ¥114 million increase in other components of equity due to an increase in the foreign currency translation adjustment for foreign operations associated with yen depreciation, a ¥127 million increase in retained earnings arising from the remeasurement of retirement benefits, and the recognition of ¥301 million in profit attributable to owners of the parent.」
Foreign exchange movements affected the increase in equity through the foreign currency translation adjustment for foreign operations, and the impact of foreign exchange risk was reflected in the annual results. - FY2021-Q3MaterialisedAnnual report
「Foreign operations — foreign currency translation adjustment: △150」
The foreign currency translation adjustment for foreign operations was negative ¥150 million, and the impact of foreign exchange movements was reflected in other comprehensive income. - FY2020MaterialisedAnnual report
「The main changes in total equity were a ¥115 million increase in other components of equity due to an increase in the foreign currency translation adjustment for foreign operations associated with yen depreciation, and the recognition of ¥27 million in profit attributable to owners of the parent.」
Foreign exchange movements affected the increase in equity through the foreign currency translation adjustment for foreign operations. Meanwhile, the foreign exchange loss decreased to ¥32 million. - FY2020-Q3MaterialisedAnnual report
「During the first nine months of the current fiscal year, revenue decreased partly due to the impact of fluctuations in foreign exchange rates.」
Fluctuations in foreign exchange rates actually emerged as a factor in the decline in revenue during the first nine months of the current fiscal year. - FY2020-Q2MaterialisedAnnual report
「During the first six months of the current fiscal year, revenue decreased partly due to the impact of fluctuations in foreign exchange rates.」
Fluctuations in foreign exchange rates were identified as a factor in the decline in revenue. In other comprehensive income, the foreign currency translation adjustment for foreign operations was also negative ¥124 million. - FY2020-Q1MaterialisedAnnual report
「Foreign operations — foreign currency translation adjustment: △112」
The foreign currency translation adjustment for foreign operations was negative ¥112 million, contributing to the ¥199 million decrease in other components of equity. - FY2019-Q3MaterialisedAnnual report
「The Company recorded a foreign exchange loss of ¥148 million due to fluctuations in foreign exchange rates.」
The impact of foreign exchange rate fluctuations also materialized during the first nine months of the current fiscal year, resulting in a foreign exchange loss of ¥148 million. - FY2019-Q2MaterialisedAnnual report
「During the first six months of the current fiscal year, revenue decreased. Operating profit improved year on year due to the effect of fixed-cost reductions from the structural reforms implemented in the previous fiscal year and a gain on the transfer of the care-record system business. However, the Company recorded a foreign exchange loss of ¥185 million due to fluctuations in foreign exchange rates.」
The impact of foreign exchange rate fluctuations materialized, and the Company recorded a foreign exchange loss of ¥185 million. - FY2017MaterialisedAnnual report
「Total equity was ¥638 million, a decrease of ¥165 million from the end of the previous consolidated fiscal year. The main change was a ¥184 million decrease in other components of equity due to a decrease in the foreign currency translation adjustment associated with yen appreciation.」
The ¥184 million decrease in the foreign currency translation adjustment associated with yen appreciation reduced equity, and the impact of foreign exchange risk was reflected in the annual results. - FY2017-Q2MaterialisedAnnual report
「During the first six months of the current fiscal year, the Company recorded a quarterly loss of ¥420 million attributable to owners of the parent and a ¥512 million decrease in other components of equity, mainly due to a decrease in the foreign currency translation adjustment associated primarily with yen appreciation. As a result, the Company had negative equity of ¥120 million at the end of the second-quarter consolidated accounting period.」
The ¥512 million decrease in the foreign currency translation adjustment associated with yen appreciation reduced equity and resulted in negative equity. The Company also described measures to mitigate the impact through forward exchange contracts. - FY2017-Q1MitigatedAnnual report
「To address yen appreciation, the Company entered into forward exchange contracts to limit the impact on equity of changes in the foreign currency translation adjustment, thereby reducing the risk of any further decline in total equity.」
The Company entered into forward exchange contracts to limit the impact of changes in the foreign currency translation adjustment on equity. - FY2016First statedAnnual report
「As the Group has a high proportion of overseas production and sales activities, foreign-currency-denominated sales, purchases and expenses, as well as foreign-currency-denominated receivables and payables, account for a significant share of its business. In addition, because the Group has subsidiaries overseas, fluctuations in foreign exchange rates may adversely affect the Group's operating results and financial position, as described below.」
The Group hedges its foreign exchange exposure using forward exchange contracts and currency options. It also discloses the impact of the US dollar, euro and Chinese yuan as foreign exchange sensitivities.