Exchange-rate fluctuations associated with overseas transactions and overseas production
First written in FY2016. 10 of 28 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.
- FY2026Updated overseas dependence and foreign exchange gain resultsAnnual report
「In the fiscal year ending March 2026, overseas sales accounted for 84.2% of consolidated sales, while the overseas production ratio was approximately 82.2%.」
The structural figures were updated to an overseas sales ratio of 84.2% and an overseas production ratio of approximately 82.2%. The Company recorded a foreign exchange gain of ¥424 million for the year, changing from a foreign exchange loss in the previous year. - FY2026-H1Shift from foreign-exchange loss to foreign-exchange gainAnnual report
「Foreign exchange gain － 133」
Compared with the foreign exchange loss of ¥473 million recorded in the same period of the previous year, the interim consolidated accounting period recorded a foreign exchange gain of ¥133 million, marking a reversal in the direction of foreign exchange gains and losses. - FY2025-H1Higher regional sales from yen depreciation coexisting with a foreign exchange lossAnnual report
「Foreign exchange loss － 473」
In Asia, net sales rose 1.9% year on year as the yen depreciated, while a foreign exchange loss of ¥473 million was recorded at the earnings level, showing that the impact of foreign exchange movements was not one-directional. - FY2024-Q1Renewed change in the direction of foreign exchange movements from yen appreciation to yen depreciationAnnual report
「In Asia, although sales in the consumer market declined, growth in the automotive market, particularly in infotainment, and the yen's depreciation resulted in net sales of ¥6.078 billion, up 2.0% year on year.」
Whereas yen appreciation had been reported in the immediately preceding period, yen depreciation during the quarter was cited as a factor behind higher sales in Asia. - FY2023-Q3Change in the direction of foreign exchange movements from yen depreciation to yen appreciationAnnual report
「In Japan as well, the yen appreciated as the policy shift at year-end reversed the continuation of the Bank of Japan's zero-interest-rate policy.」
Whereas yen depreciation had previously been cited as a factor driving higher net sales, the disclosure states that the yen appreciated toward year-end following the policy shift. - FY2023-Q2RestatedAnnual report
「In Asia, although automobile production declined because of semiconductor and other supply shortages and China's lockdown in the first quarter, the powertrain business grew as production recovered and demand for xEVs increased in China's automotive market. In addition to higher sales of products for game consoles in the consumer market, the yen's depreciation resulted in net sales of ¥13.26 billion, up 29.8% year on year.」
The yen's depreciation was again confirmed as a factor behind higher sales in Asia. The impact of foreign exchange movements arising from overseas transactions and overseas production continues. - FY2023-Q1Updated the impact of yen depreciation on higher net salesAnnual report
「Against this business backdrop, the Group set a new record for quarterly net sales as sales of powertrain products related to vehicle electrification expanded, the industrial market remained strong, and the yen depreciated substantially.」
Unlike the previous impact of yen appreciation, substantial yen depreciation was cited, together with strong performance in the powertrain and industrial markets, as a factor behind record-high net sales. - FY2022Updated actual overseas dependence and the impact of yen depreciationAnnual report
「Overseas sales accounted for 75.3% of consolidated net sales for the fiscal year ended March 2022, while the overseas production ratio was approximately 87.0%.」
The structure of overseas sales accounting for 75.3% and overseas production accounting for approximately 87.0% has been updated. Yen depreciation during the year was cited as a factor behind higher net sales. - FY2022-Q3RestatedAnnual report
「In Asia, in addition to the recovery from the COVID-19 pandemic, the powertrain business grew as demand for environmentally friendly vehicles increased in the automotive market, while products for televisions and office automation equipment performed well in the consumer market. Together with the yen's depreciation, these factors resulted in net sales of ¥15.16 billion, up 30.0% year on year.」
The yen's depreciation was again confirmed as a factor behind higher sales in Asia. - FY2022-Q2RestatedAnnual report
「In addition, the yen's depreciation contributed to the result. Net sales increased 45.8% year on year to ¥21,978 million, setting a record high for a first-half consolidated period and exceeding the initial plan.」
Unlike the previous adverse impact of yen appreciation on net sales, the yen's depreciation during the quarter again contributed to higher net sales. - FY2022-Q1Performance boost from the yen's depreciationAnnual report
「In addition, the yen's depreciation contributed to the result, and net sales rose 91.7% year on year to ¥11.86 billion, setting a new record high for a quarterly consolidated accounting period in the Company's history.」
Unlike the adverse impact of the yen's previous appreciation, yen depreciation during the quarter was cited as a factor driving the increase in net sales. - FY2021RestatedAnnual report
「Overseas sales accounted for 76.8% of consolidated net sales for the fiscal year ended March 2021, while the overseas production ratio was approximately 87.1%. If the yen appreciates sharply and for an extended period, the Group's operating results and financial position may be affected. However, the Group has implemented hedging measures to mitigate foreign exchange risk.」
The structure of overseas sales accounting for 76.8% and overseas production accounting for approximately 87.1%, together with yen appreciation risk and hedging measures, has been updated based on annual results. - FY2021-Q3WorsenedAnnual report
「Ordinary income was ¥1.58 billion, down 57.2% year on year, partly because a foreign exchange loss of ¥224 million was recorded,」
The cumulative foreign exchange loss widened to ¥224 million and emerged in reported results as a factor behind the decline in ordinary income. The impact of exchange-rate movements has been quantified more significantly than in the previous quarter-to-date period, when it was ¥120 million. - FY2021-Q2MaterialisedAnnual report
「Ordinary profit decreased 96.7% year on year to ¥76 million, partly due to a foreign-exchange loss of ¥120 million,」
The ¥120 million foreign-exchange loss actually occurred as a factor behind the decline in ordinary profit during the six months ended the second quarter. - FY2020-Q3MaterialisedAnnual report
「In Asia, automobile sales were sluggish, particularly in China, and the car AVN sector of the automotive-related market remained weak. As the Chinese yuan remained on a stronger-yen trend, net sales decreased 10.6% year on year to ¥12,888 million. In Europe, the automotive-related market remained strong, particularly in safety-related products, and sales volumes increased. However, due to the euro remaining on a stronger-yen trend, net sales decreased 0.7% year on year to ¥5,826 million.」
The Chinese yuan and euro remaining on a stronger-yen trend was reflected in actual results as a 10.6% decline in Asian sales and a 0.7% decline in European sales. - FY2020-Q2MaterialisedAnnual report
「In Asia, automobile sales were sluggish, particularly in China, and the car AVN sector of the automotive-related market remained weak. In addition, as the yuan moved toward a stronger yen, net sales decreased 10.4% year on year to ¥8,659 million. In Europe, the automotive-related market remained strong, particularly in safety-related products, and sales volumes increased. However, due to the euro moving toward a stronger yen, net sales decreased 2.4% year on year to ¥3,931 million.」
The yuan and euro moving toward a stronger yen was reflected in regional results, with Asian sales down 10.4% and European sales down 2.4%. - FY2020-Q1MaterialisedAnnual report
「In Europe, although the car-electronics sector remained strong, net sales decreased 0.6% year on year to ¥2,009 million due to the impact of the stronger yen.」
The impact of the stronger yen was reflected in a 0.6% year-on-year decline in European net sales. - FY2019RestatedAnnual report
「Overseas sales accounted for 79.3% of consolidated net sales for the fiscal year ending March 2019, while the overseas production ratio was approximately 87.1%. The group has taken hedging measures to mitigate foreign-exchange fluctuation risk, but a rapid and prolonged appreciation of the yen could affect the group's results and financial position.」
The company updated the structure of 79.3% overseas sales and approximately 87.1% overseas production, and reconfirmed the yen-appreciation risk and hedging measures. - FY2019-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.」
The company states that there have been no material changes to the foreign-exchange fluctuation risk associated with overseas transactions and production. - FY2019-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.」
The company states that there have been no material changes to the foreign-exchange fluctuation risk associated with overseas transactions and production. - FY2019-Q1MaterialisedAnnual report
「In North America, net sales decreased 1.3% year on year to ¥188 million due to the impact of the stronger yen.」
The impact of the stronger yen was reflected in a 1.3% year-on-year decline in North American net sales during the quarter. - FY2018MaterialisedAnnual report
「Overseas sales accounted for 79.0% of consolidated net sales for the fiscal year ended March 2018, while the overseas production ratio was approximately 86.9%. The group has taken hedging measures to mitigate foreign-exchange fluctuation risk, but a rapid and prolonged appreciation of the yen could affect the group's results and financial position.」
The company's high overseas dependence, with overseas sales at 79.0% and overseas production at approximately 86.9%, continued, and foreign-exchange losses arising from the sharp appreciation of the yen at fiscal year-end actually occurred. - FY2018-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the foreign-exchange fluctuation risk associated with overseas transactions and production disclosed in the previous fiscal year. - FY2017MaterialisedAnnual report
「Overseas sales accounted for 78.6% of consolidated net sales for the fiscal year ended March 2017, while the overseas production ratio was approximately 90%. The group has taken hedging measures to mitigate foreign-exchange fluctuation risk, but a rapid and prolonged appreciation of the yen could affect the group's results and financial position.」
The company indicates a structure in which overseas sales account for 78.6% and overseas production for approximately 90%, and states that the stronger yen affected sales and regional results during the year. - FY2017-Q3MaterialisedAnnual report
「The impact of the yen remaining significantly stronger year on year continued.」
The continued impact of the stronger yen was reflected in lower sales in Asia, Europe, North America and other regions. - FY2017-Q2MaterialisedAnnual report
「In Europe, although the automotive-related market grew slightly, net sales decreased 7.3% year on year to ¥305 million due to the impact of the stronger yen.」
The impact of the stronger yen was reflected in a 7.3% year-on-year decline in European net sales. - FY2017-Q1MaterialisedAnnual report
「Uncertainty emerged amid sharp foreign-exchange fluctuations in late June.」
The company states that the sharp appreciation of the yen resulted in lower sales and lower profit year on year, indicating that foreign-exchange fluctuation risk has actually affected results. - FY2016First statedAnnual report
「Overseas sales accounted for 81.7% of consolidated net sales for the fiscal year ended March 2016, while the overseas production ratio also exceeded 90%. The group has taken hedging measures to mitigate foreign-exchange fluctuation risk, but a rapid and prolonged appreciation of the yen could affect the group's results and financial position.」
The risk of yen appreciation arising from the high proportion of overseas sales and production.