Foreign Exchange Risk Associated with Foreign-Currency-Denominated Exports
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: FY2025.
Kel moved to the "Worse" side of this theme in 2024, 6 years after the typical company in this theme (2018).
The whole theme swung hardest in 2025: 16 of 20 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Ordinary profit was ¥585 million, down 53.8% year on year, due to the decrease in operating profit and the recognition of ¥72 million in foreign exchange losses arising from the revaluation of foreign-currency-denominated receivables and payables.」
Foreign exchange losses of ¥72 million arising from the revaluation of foreign-currency-denominated receivables and payables were recognized, and the impact of exchange-rate movements was reflected in full-year ordinary profit. - FY2025-H1MaterialisedAnnual report
「Ordinary profit was ¥331 million, down 61.1% year on year, partly due to the recognition of ¥118 million in foreign exchange losses arising from the revaluation of foreign-currency-denominated receivables and payables.」
Foreign exchange losses of ¥118 million arising from the revaluation of foreign-currency-denominated receivables and payables were recognized, indicating that exchange-rate movements had an actual impact on ordinary profit. - FY2022RestatedAnnual report
「The Group exports products denominated in US dollars and euros, and fluctuations in foreign exchange rates may affect its business performance. An appreciation of the yen beyond expectations could weaken the competitiveness of its products and adversely affect the Group's business performance.」
The company continues to monitor the impact of exchange-rate fluctuations on exports denominated in US dollars and euros, as well as the impact of yen appreciation on competitiveness and performance. Measures include foreign-currency purchases and forward exchange contracts. - FY2021RestatedAnnual report
「The Group exports products denominated in US dollars and euros, and fluctuations in foreign exchange rates may affect its business performance. An appreciation of the yen beyond expectations could weaken the competitiveness of its products and adversely affect the Group's business performance. The Group will address this risk through hedging using purchases denominated in foreign currencies, forward exchange contracts, and other measures.」
The company continues to monitor the impact of exchange-rate fluctuations on exports denominated in US dollars and euros, as well as the impact of yen appreciation on competitiveness and performance. Measures include foreign-currency purchases and forward exchange contracts. - FY2020RestatedAnnual report
「The Group exports products denominated in US dollars and euros, and fluctuations in foreign exchange rates may affect its business performance. An appreciation of the yen beyond expectations could weaken the competitiveness of its products and adversely affect the Group's business performance.」
The foreign exchange risk associated with exports denominated in US dollars and euros, and the impact of an appreciation of the yen beyond expectations on product competitiveness and business performance, are continuing. Hedging through purchases denominated in foreign currencies and forward exchange contracts is identified as a response. - FY2019First statedAnnual report
「The Group exports products denominated in US dollars and euros, and fluctuations in foreign exchange rates may affect its business performance. Although it hedges this risk through purchases denominated in foreign currencies and forward exchange contracts, an appreciation of the yen beyond expectations could weaken the competitiveness of its products and adversely affect the Group's business performance.」
The foreign exchange risk associated with exports denominated in US dollars and euros, and the impact of an appreciation of the yen beyond expectations on product competitiveness and business performance, are recorded for the first time as independent business and other risks.