Foreign exchange risk associated with foreign-currency-denominated purchases and sales
First written in FY2016. 16 of 30 entries say "Restated". Latest entry: FY2026.
Kyosha moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2026: 5 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The key materials for single-sided printed wiring boards produced in Japan are largely imported. Significant exchange-rate movements could affect the Group's operating results and financial position.」
In addition to foreign-currency transactions between group companies, the high proportion of imported key materials used for domestically produced single-sided boards is explicitly identified as foreign exchange exposure. - FY2025-H1MaterialisedAnnual report
「Partly due to the impact of a weaker yen, consolidated sales were ¥12,808 million, up 5.6% year on year, an increase of ¥677 million. In terms of profit, domestic profit declined because of automobile production adjustments and higher raw material and manufacturing expenses, among other factors. Overseas profit increased as revenue growth in Vietnam lifted profit, cost improvements were pursued in line with the decline in orders in China, and sales of high-value-added metal substrates for automobiles increased. As a result, operating income was ¥665 million, up 5.3% year on year, an increase of ¥33 million, while ordinary income was ¥448 million, up 1.5%, an increase of ¥6 million, due to higher foreign exchange losses.」
While a weaker yen boosted consolidated sales, higher foreign exchange losses are described as a factor affecting ordinary income, confirming that exchange-rate movements continue to affect performance. - FY2024MaterialisedAnnual report
「Although orders declined in China, mainly in office equipment and electronic components such as power supplies, consolidated sales were ¥24,580 million, up 0.5% year on year, an increase of ¥117 million, partly due to the impact of a weaker yen.」
It is stated that the impact of a weaker yen actually affected full-year consolidated sales, confirming that exchange-rate movements continue to affect performance. - FY2024-Q3MaterialisedAnnual report
「Overseas, orders in the automotive-related sector for North America increased substantially in Vietnam following the transfer of production from China as part of a supply chain reorganization. Although orders declined in China, mainly in office equipment and electronic components such as power supplies, consolidated sales were ¥18,682 million, up 3.2% year on year, an increase of ¥572 million, partly due to the impact of a weaker yen.」
It is stated that the impact of a weaker yen actually affected consolidated sales, confirming the effect of foreign exchange risk on performance. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the printed wiring board industry to which the Company belongs saw a recovery in the automobile sector as semiconductor shortages eased, but demand declined because of inventory adjustments in other sectors and the fading of stay-at-home consumption. In addition, the outlook remains uncertain because concerns about an economic slowdown caused by global monetary tightening and other factors, sharp exchange-rate fluctuations, and higher energy prices continue.」
Sharp exchange-rate fluctuations continue to be cited as a factor contributing to the uncertain outlook. - FY2024-Q1RestatedAnnual report
「The outlook remains uncertain because concerns about an economic slowdown caused by global monetary tightening and other factors, sharp exchange-rate fluctuations, and higher energy prices continue.」
Sharp exchange-rate fluctuations continue to be cited as a factor contributing to the uncertain outlook. - FY2023MaterialisedAnnual report
「In the mounting-related business, orders increased for industrial and communications equipment, while the previously sluggish aircraft-related business also began to recover. As a result, sales exceeded the initial earnings forecast of ¥23,000 million, partly due to the impact of a weaker yen.」
The impact of a weaker yen actually contributed to sales, while the hedging policy involving forward exchange contracts and other measures for foreign-currency-denominated transactions and the foreign exchange risk on imported materials continues. - FY2023-Q3MaterialisedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the printed wiring board industry to which the Company belongs generally remained firm as economic activity normalized both in Japan and overseas. However, the outlook remains uncertain because shortages of semiconductors and higher raw material and energy prices caused by sharp exchange-rate fluctuations continue.」
Sharp exchange-rate fluctuations are described in connection with higher raw material and energy prices, showing that the impact of exchange-rate movements continues to be present in the business environment. - FY2023-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the printed wiring board industry to which the Company belongs generally remained firm as economic activity normalized both in Japan and overseas. However, the outlook remains uncertain because semiconductor shortages continue and sharp exchange-rate fluctuations have driven up raw material and energy prices.」
Sharp exchange-rate fluctuations are described in connection with higher raw material and energy prices, showing that the impact of foreign exchange risk has actually emerged in the business environment. - FY2023-Q1WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to continuing semiconductor shortages, higher raw material and energy prices, and sharp exchange-rate fluctuations.」
In addition to the existing foreign exchange risk, sharp exchange-rate fluctuations are explicitly identified as a factor contributing to the uncertain outlook. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is reconfirmed that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2021RestatedAnnual report
「To address these risks, the Company hedges foreign exchange risk through forward exchange contracts and other measures under its Risk Management Regulations for Derivatives Transactions.」
Foreign exchange risk associated with foreign-currency-denominated transactions and the hedging policy involving forward exchange contracts and other measures continue. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is summarized that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is summarized that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2021-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2020SoftenedAnnual report
「The Group operates in Japan and overseas and conducts foreign-currency-denominated transactions mainly in intergroup transactions. Significant exchange-rate movements could affect the Group's operating results and financial position.」
Foreign-currency-denominated transactions are now described as being conducted mainly in intergroup transactions, rather than the previous description of approximately half of transactions. The specific transaction ratio is no longer provided. Meanwhile, the hedging policy involving forward exchange contracts and other measures continues. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is summarized that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is summarized that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2020-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It is summarized that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2019RestatedAnnual report
「Approximately half of the Company's sales to overseas group companies and purchases of key materials are denominated in foreign currencies. As the Company intends to expand purchases and sales globally, it will hedge foreign exchange risk as far as possible through forward exchange contracts and other measures under its Risk Management Regulations for Derivatives Transactions. However, unexpected exchange-rate movements could affect consolidated performance.」
The disclosures continue to state that approximately half of transactions are denominated in foreign currencies, that the Company hedges through forward exchange contracts and other measures, and that unexpected exchange-rate movements pose a risk. - FY2019-Q3MaterialisedAnnual report
「(China) Orders for single-sided printed wiring boards increased in office equipment and video-related applications, but orders for double-sided printed wiring boards declined in automotive-related and other applications. In addition, affected by the stronger yen, sales were ¥8,412 million, including intersegment sales, down 3.2% year on year, a decrease of ¥278 million.」
Although some orders increased in China, sales declined 3.2% year on year because of lower orders in automotive-related and other applications and the impact of a stronger yen. The actual impact of foreign exchange risk on results has continued. - FY2019-Q2MaterialisedAnnual report
「Although orders increased in China in areas including office equipment and home appliances, results fell below the previous year’s quarter due to lower orders related to amusement, weaker demand in the video-related sectors in China and Indonesia, and the impact of a stronger yen.」
Although some orders increased in China, overseas sales fell below the previous year’s quarter due in part to the impact of a stronger yen, showing that foreign exchange risk had an actual effect on results. - FY2019-Q1MaterialisedAnnual report
「Although orders increased in China, mainly in the home appliance sector, including LED lighting, results fell below the previous year’s quarter due to the impact of a stronger yen.」
Although orders increased in China, overseas performance fell below the previous year’s quarter due to the impact of a stronger yen, showing that foreign exchange risk had an actual effect on performance. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is summarized that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is summarized that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2018-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It is summarized that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2017MaterialisedAnnual report
「Overseas operations generally remained firm, supported by strong performance in the automotive-related sectors in China and Indonesia and increased orders from non-Japanese customers in the video-related sector. However, the impact of a stronger yen caused results to fall below the previous period.」
The impact of a stronger yen actually affected overseas sales and became a factor behind the decline from the previous period. The foreign exchange risk discussion continues to state that approximately half of transactions are denominated in foreign currencies and that the Company hedges through forward exchange contracts and other measures. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is reconfirmed that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is summarized that there have been no material changes in foreign exchange risk associated with foreign-currency-denominated purchases and sales. - FY2016First statedAnnual report
「Approximately half of the Company's sales to overseas group companies and purchases of key materials are denominated in foreign currencies. As the Company intends to expand purchases and sales globally, it will hedge foreign exchange risk as far as possible through forward exchange contracts and other measures under its Risk Management Regulations for Derivatives Transactions. However, unexpected exchange-rate movements could affect consolidated performance.」
The proportion of foreign-currency-denominated transactions is quantified at approximately half, and the current-period performance analysis states that a weaker yen actually increased procurement costs.