Foreign exchange fluctuation risk associated with foreign currency transactions, investments and financing
First written in FY2016. 12 of 34 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-11-06.
Ushio 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 2019: 24 of 45 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2026MaterialisedAnnual report
「In the flat-panel display market, demand for organic EL displays for smartphones and tablet devices was increasing, while utilization rates at LCD panel manufacturers remained low due to sluggish demand for LCD panels.」
The impact of the stronger yen was identified as a factor behind lower revenue from lamps for office automation equipment and general imaging applications, indicating that the business impact of exchange rate fluctuations is continuing. - FY2026-H1WorsenedAnnual report
「The average exchange rate for the US dollar during the current interim consolidated accounting period was ¥146, ¥8 stronger against the yen than in the previous interim consolidated accounting period. Foreign exchange losses 30 117」
The average exchange rate for the US dollar was ¥8 stronger against the yen year on year, while the foreign exchange loss increased from ¥30 million in the same period of the previous year to ¥117 million. - FY2025-H1MaterialisedAnnual report
「The average exchange rate for the US dollar during the current interim consolidated accounting period was ¥154, ¥14 weaker against the yen than in the previous interim consolidated accounting period. Foreign exchange losses － 30」
The average exchange rate for the US dollar was ¥154, ¥14 weaker against the yen year on year, and a ¥30 million foreign exchange loss was recorded during the current interim consolidated accounting period. - FY2024MitigatedAnnual report
「Foreign exchange gain: ¥560 million」
While the weaker yen's foreign exchange effect boosted business revenue, the foreign exchange gain decreased from ¥1.909 billion in the previous year to ¥560 million. The impact of exchange rate fluctuations on earnings remained a gain. - FY2024-Q2MitigatedAnnual report
「The average exchange rate for the US dollar during the cumulative second quarter of the current consolidated fiscal year was ¥140, ¥8 weaker against the yen than in the cumulative second quarter of the previous consolidated fiscal year.」
The yen weakened by ¥8 year on year, and the foreign exchange gain for the first half was ¥147 million. Although this was down from the ¥2.522 billion foreign exchange gain in the same period of the previous year, the impact on earnings improved from the foreign exchange loss recorded in the previous quarter. - FY2024-Q1MaterialisedAnnual report
「The average exchange rate for the US dollar during the cumulative first quarter of the current consolidated fiscal year was ¥136, ¥9 weaker against the yen than in the cumulative first quarter of the previous consolidated fiscal year.」
The yen weakened by ¥9 year on year, and a ¥46 million foreign exchange loss was recorded in the quarter. The impact of exchange rate fluctuations was reflected in earnings. - FY2023MitigatedAnnual report
「Foreign exchange gains 377 1,909」
The foreign exchange loss in the fiscal year before the previous one turned into foreign exchange gains of ¥377 million in the previous fiscal year and ¥1.909 billion in the current fiscal year, reducing the impact on earnings in the current fiscal year from the previous fiscal year. - FY2023-Q3MitigatedAnnual report
「The average exchange rate for the US dollar during the cumulative third quarter of the current consolidated fiscal year was ¥136, ¥25 weaker against the yen than in the cumulative third quarter of the previous consolidated fiscal year.」
The yen weakened by ¥25 year on year, and a ¥2.572 billion foreign exchange gain was recorded for the cumulative third quarter. The impact of exchange rate fluctuations on earnings continues to have shifted from a foreign exchange loss in the same period of the previous year to a gain. - FY2023-Q2MitigatedAnnual report
「The average exchange rate for the US dollar during the cumulative second quarter of the current consolidated fiscal year was ¥132, ¥22 weaker against the yen than in the cumulative second quarter of the previous consolidated fiscal year. Foreign exchange gains － 2,522」
The average exchange rate for the US dollar was ¥132, ¥22 weaker against the yen year on year, and a ¥2.522 billion foreign exchange gain was recorded. - FY2023-Q1MitigatedAnnual report
「The average exchange rate for the US dollar during the cumulative first quarter of the current consolidated fiscal year was ¥126, ¥16 weaker against the yen than in the cumulative first quarter of the previous consolidated fiscal year. Foreign exchange gains － 1,050」
The average exchange rate for the US dollar was ¥126, ¥16 weaker against the yen year on year, but a ¥1.05 billion foreign exchange gain was recorded, reducing the impact on earnings compared with the foreign exchange loss in the same period of the previous year. - FY2022MitigatedAnnual report
「Foreign exchange gains － 377」
The foreign exchange loss of ¥1.015 billion in the previous year turned into a ¥377 million foreign exchange gain in the current period, reducing the impact of exchange rate fluctuations on earnings from the previous fiscal year. - FY2022-Q3MitigatedAnnual report
「The average exchange rate for the US dollar during the cumulative third quarter of the current consolidated fiscal year was ¥111, ¥5 weaker against the yen than in the cumulative third quarter of the previous consolidated fiscal year. Foreign exchange gains － 82」
The average exchange rate for the US dollar was ¥111, ¥5 weaker against the yen year on year, while the current period recorded an ¥82 million foreign exchange gain versus a ¥1.024 billion foreign exchange loss in the same period of the previous year, reducing the impact of exchange rates on earnings from the same quarter of the previous fiscal year. - FY2022-Q2MitigatedAnnual report
「The average exchange rate for the US dollar during the cumulative second quarter of the current consolidated fiscal year was ¥110, ¥3 weaker against the yen than in the cumulative second quarter of the previous consolidated fiscal year.」
The US dollar averaged ¥110, ¥3 weaker against the yen year on year, while the foreign exchange loss decreased from ¥417 million in the same period of the previous year to ¥48 million. - FY2022-Q1MitigatedAnnual report
「The average exchange rate for the US dollar during the cumulative first quarter of the current consolidated fiscal year was ¥110, ¥2 weaker against the yen than in the cumulative first quarter of the previous consolidated fiscal year. Foreign exchange losses 168 138」
The average exchange rate for the US dollar was ¥110, ¥2 weaker against the yen year on year, while the foreign exchange loss decreased from ¥428 million in the same period of the previous year to ¥138 million, reducing the impact on earnings from the same quarter of the previous fiscal year. - FY2021WorsenedAnnual report
「The foreign exchange loss was ¥1.015 billion.」
The impact of exchange rate fluctuations was reflected in full-year earnings as a ¥1.015 billion foreign exchange loss. - FY2021-Q3WorsenedAnnual report
「The average exchange rate for the US dollar during the cumulative third quarter of the current consolidated fiscal year was ¥106, ¥3 stronger against the yen than in the cumulative third quarter of the previous consolidated fiscal year. Foreign exchange losses 423 1,024」
The average exchange rate for the US dollar was ¥3 stronger against the yen year on year, while the foreign exchange loss increased from ¥423 million in the same period of the previous year to ¥1.024 billion. The impact of exchange rate fluctuations on earnings has increased. - FY2020-Q3MaterialisedAnnual report
「The average exchange rate for the US dollar during the cumulative third quarter of the current consolidated fiscal year was ¥109, ¥2 stronger against the yen than in the cumulative third quarter of the previous consolidated fiscal year. Foreign exchange losses － 423」
The yen appreciated by ¥2 year on year, and a ¥423 million foreign exchange loss was recorded for the cumulative third quarter, showing the impact of exchange rate fluctuations in earnings. - FY2020-Q2MaterialisedAnnual report
「Foreign exchange losses － 539」
Although the average exchange rate was ¥109, broadly unchanged year on year, a ¥539 million foreign exchange loss was recorded in the first half, showing the impact of exchange rate fluctuations in earnings. - FY2020-Q1MaterialisedAnnual report
「The average exchange rate for the US dollar during the cumulative first quarter of the current consolidated fiscal year was ¥111, ¥3 weaker against the yen than in the cumulative first quarter of the previous consolidated fiscal year.」
The yen weakened by ¥3 year on year, and a ¥428 million foreign exchange loss was recorded in the quarter. Exchange rate fluctuations have again been reflected in earnings. - FY2019RestatedAnnual report
「Although the Group enters into forward exchange contracts as appropriate in response to this risk, it cannot completely avoid foreign exchange risk, and exchange rate fluctuations could have a material impact on the Group's operating results and financial condition.」
The explanation that foreign exchange risk cannot be completely avoided has been maintained while continuing to use forward exchange contracts as a response. - FY2019-Q3RestatedAnnual report
「The average exchange rate for the US dollar during the cumulative third quarter of the current consolidated fiscal year was ¥111, broadly unchanged from the cumulative third quarter of the previous consolidated fiscal year.」
The average exchange rate for the US dollar was described as broadly unchanged year on year, with no new material changes due to exchange rate fluctuations specifically identified for the cumulative quarter. - FY2019-Q2MaterialisedAnnual report
「The average exchange rate for the US dollar during the cumulative second quarter of the current consolidated fiscal year was ¥109, ¥2 stronger against the yen than in the cumulative second quarter of the previous consolidated fiscal year.」
The yen appreciated by ¥2 year on year, and the impact of exchange rates was identified as a factor behind the decline in revenue in the Lighting Source and Equipment businesses. Meanwhile, a ¥368 million foreign exchange gain was recorded for the cumulative period. - FY2019-Q1MaterialisedAnnual report
「The average exchange rate for the US dollar during the cumulative first quarter of the current consolidated fiscal year was ¥108, ¥3 stronger against the yen than in the cumulative first quarter of the previous consolidated fiscal year.」
The yen appreciated by ¥3 year on year, and the impact of the stronger yen was identified as a factor behind the decline in revenue in the Lighting Source and Equipment businesses. In addition, a ¥370 million foreign exchange gain was recorded in the quarter. - FY2018WorsenedAnnual report
「Foreign exchange losses 649 926」
The full-year foreign exchange loss increased from ¥649 million in the previous fiscal year to ¥926 million, worsening the impact of exchange rate fluctuations on earnings. - FY2018-Q3WorsenedAnnual report
「Foreign exchange losses 312 460」
The foreign exchange loss increased from ¥312 million in the same period of the previous year to ¥460 million, worsening the impact of exchange rate fluctuations on earnings from the previous period of reduction. - FY2018-Q2MitigatedAnnual report
「Ordinary profit was ¥7.026 billion, up 128.0% year on year, due to the increase in operating profit and the decrease in foreign exchange losses, among other factors.」
The foreign exchange loss decreased from ¥1.03 billion in the same period of the previous year to ¥185 million, reducing the impact of exchange rate fluctuations on earnings. - FY2018-Q1MitigatedAnnual report
「Ordinary profit was ¥3.937 billion, up 811.8% year on year, due to the increase in operating profit and the decrease in foreign exchange losses, among other factors.」
The foreign exchange loss decreased from ¥923 million in the same period of the previous year to ¥59 million, reducing the impact of foreign exchange fluctuation risk on earnings from the previous quarter. - FY2017MaterialisedAnnual report
「An overview of the Group's businesses shows that the Lighting Source business reported lower revenue and profit, mainly due to the foreign exchange impact of the yen's appreciation against the US dollar. The Equipment business also reported lower revenue and profit due to the foreign exchange impact, changes in market conditions for the imaging equipment market, and intensifying competition.」
The foreign exchange impact of the stronger yen and weaker dollar was reflected in full-year performance as lower revenue and profit in the Lighting Source and Equipment businesses. - FY2017-Q3MaterialisedAnnual report
「The Lighting Source business reported lower revenue and profit, mainly due to the foreign exchange impact of the yen's appreciation against the US dollar. The Equipment business also reported lower revenue and profit due to the foreign exchange impact, changes in market conditions for the imaging equipment business, and intensifying competition.」
The foreign exchange impact of the stronger yen and weaker dollar continues to be reflected in performance as lower revenue and profit in the Lighting Source and Equipment businesses. - FY2017-Q2MaterialisedAnnual report
「For the cumulative second quarter of the current consolidated fiscal year, revenue was ¥82.52 billion, down 6.9% year on year, and operating profit was ¥3.139 billion, down 52.0%. Ordinary profit was ¥3.082 billion, down 59.3%, due to the decline in operating profit and the recognition of foreign exchange losses resulting from exchange rate fluctuations, among other factors.」
The stronger yen and weaker dollar reduced revenue and profit, and foreign exchange losses were reflected in performance for the cumulative period, indicating that foreign exchange fluctuation risks associated with foreign currency transactions continue to materialize. - FY2017-Q1MaterialisedAnnual report
「Ordinary profit was ¥431 million, down 87.0% year on year, due to the decline in operating profit, the recognition of foreign exchange losses resulting from exchange rate fluctuations, and the recognition of valuation losses on securities held.」
The stronger yen and weaker dollar reduced revenue and profit, while a ¥923 million foreign exchange loss was also recorded, showing the impact of foreign exchange fluctuation risk in actual earnings. - FY2016First statedAnnual report
「Although the Group enters into forward exchange contracts as appropriate in response to this risk, it cannot completely avoid foreign exchange risk, and exchange rate fluctuations could have a material impact on the Group's operating results and financial condition.」
The use of forward exchange contracts as a response is described, while stating that the risk cannot be completely avoided.