Foreign-Exchange Volatility and Rising Interest Rates
First written in FY2016. 15 of 33 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2026.
Enomoto moved to the "Worse" side of this theme in 2023, 5 years after the typical company in this theme (2018).
The whole theme swung hardest in 2023: 13 of 27 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Foreign exchange gains amounted to ¥1.307 million.」
Foreign exchange losses recorded in the previous interim period shifted to full-year foreign exchange gains of ¥1.307 million, improving the impact of foreign exchange movements on profit and loss. The foreign exchange hedging policy remains in place. - FY2026-H1MitigatedAnnual report
「Foreign exchange gains 13,491」
The Company recorded foreign exchange gains of ¥13.491 million in the interim consolidated fiscal period, an improvement in the impact of foreign exchange movements on profit and loss from foreign exchange losses in the same interim period of the previous year. - FY2025-H1WorsenedAnnual report
「Foreign exchange losses 56,025」
The Company recorded foreign exchange losses of ¥56.025 million in the interim consolidated fiscal period, a shift from foreign exchange gains of ¥29.254 million in the same interim period of the previous year to losses. - FY2024MitigatedAnnual report
「Foreign exchange gains 17,119」
Foreign exchange losses recorded for the nine-month period ended the third quarter shifted to full-year foreign exchange gains of ¥17.119 million, improving the impact of foreign exchange movements on profit and loss. However, the Company continues to closely monitor sharp fluctuations in foreign exchange rates in its operating environment. - FY2024-Q3WorsenedAnnual report
「Foreign exchange losses 12,089」
The Company recorded foreign exchange losses of ¥12.089 million for the nine-month period ended the third quarter, a shift from foreign exchange gains of ¥57.761 million in the same period of the previous year to losses. - FY2024-Q1WorsenedAnnual report
「Sharp foreign exchange movements are a risk factor.」
Sharp foreign exchange movements are explicitly identified as a current risk factor, alongside soaring consumer and energy prices. - FY2023-Q3RestatedAnnual report
「Although moves toward normalizing economic activity from the effects of COVID-19 have accelerated in the business environment surrounding the Group, sharp foreign exchange movements and rising energy and consumer prices, driven by interest rate increases under US economic policies and the prolonged situation in Ukraine, among other factors, are a concern as factors that could stall the economy.」
While economic activity is moving toward normalization, the Company continues to be concerned that higher interest rates, the situation in Ukraine, sharp foreign exchange movements, and rising energy and consumer prices could stall the economy. - FY2023-Q2Benefits from yen depreciation alongside the risk of sharp foreign-exchange movementsAnnual report
「Although moves toward normalizing economic activity from the effects of COVID-19 have accelerated in the business environment surrounding the Group, sharp foreign exchange movements and rising energy prices, driven by interest rate increases under US inflation-control measures and the prolonged situation in Ukraine, among other factors, are a concern as factors that could stall the economy. In addition, the rapid depreciation of the yen has generally had a positive effect on the Company, which has a high overseas sales ratio, but the concurrent sharp rise in energy prices has increased expenses.」
While expressing concern that sharp foreign exchange movements could stall the economy, the Company explains that yen depreciation generally has a positive effect on the yen-denominated value of overseas sales. - FY2023-Q1MitigatedAnnual report
「Foreign exchange gains 84,779」
The Company recorded foreign exchange gains of ¥84.779 million for the three-month period ended the first quarter, an improvement in the foreign exchange impact from foreign exchange losses of ¥11.403 million in the same quarter of the previous year. - FY2022MitigatedAnnual report
「Foreign exchange gains 34,981」
Foreign exchange losses of ¥43.012 million recorded in the previous fiscal year shifted to foreign exchange gains of ¥34.981 million in the current fiscal year, improving the impact of foreign exchange movements on profit and loss. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gains 15,944」
The Company recorded foreign exchange gains of ¥15.944 million for the nine-month period ended the third quarter, an improvement in the foreign exchange impact from foreign exchange losses in the same period of the previous year. - FY2022-Q2MitigatedAnnual report
「Foreign exchange losses 4,397」
Foreign exchange losses for the six-month period ended the second quarter were ¥4.397 million, down from ¥15.402 million in the same period of the previous year, indicating an improvement in the impact of foreign exchange movements. - FY2022-Q1WorsenedAnnual report
「Foreign exchange losses 11,403」
Foreign exchange losses for the three-month period ended the first quarter were ¥11.403 million, up from ¥5.276 million in the same quarter of the previous year. - FY2021WorsenedAnnual report
「Foreign exchange losses 43,012」
The Company recorded foreign exchange losses of ¥43.012 million in the consolidated fiscal year, up from ¥34.761 million in the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「Foreign exchange losses 49,039」
Foreign exchange losses for the nine-month period ended the third quarter were ¥49.039 million, up from ¥19.073 million in the same quarter of the previous year. - FY2021-Q2MitigatedAnnual report
「Foreign exchange losses 15,402」
Foreign exchange losses for the six-month period ended the second quarter were ¥15.402 million, down from ¥25.04 million in the same quarter of the previous year. The impact of foreign exchange movements remains, but the loss improved. - FY2021-Q1MitigatedAnnual report
「Foreign exchange losses 5,276」
Foreign exchange losses for the three-month period ended the first quarter were ¥5.276 million, down from ¥24.257 million in the same quarter of the previous year. The impact of foreign exchange movements remains, but the loss improved. - FY2020WorsenedAnnual report
「The main factor was the shift from foreign exchange gains in the previous consolidated fiscal year to foreign exchange losses in the current consolidated fiscal year.」
Foreign exchange gains in the previous year shifted to foreign exchange losses in the current year, and the impact of foreign exchange movements has again deteriorated. - FY2020-Q3WorsenedAnnual report
「Foreign exchange losses 19,073」
The Company recorded foreign exchange losses of ¥19.073 million for the nine-month period ended the third quarter, indicating a shift from foreign exchange gains in the same period of the previous year to losses. - FY2020-Q2WorsenedAnnual report
「Foreign exchange losses 25,040」
The Company recorded foreign exchange losses of ¥25.04 million for the six-month period ended the second quarter, and the shift from foreign exchange gains of ¥27.404 million in the same period of the previous year to losses has continued. - FY2020-Q1WorsenedAnnual report
「Foreign exchange losses 24,257」
The Company recorded foreign exchange losses of ¥24.257 million for the three-month period ended the first quarter, indicating a deterioration in the foreign exchange impact from foreign exchange gains in the same quarter of the previous year. - FY2019-Q3MitigatedAnnual report
「Foreign exchange gains 23,650」
The Company recorded foreign exchange gains of ¥23.650 million for the nine-month period ended the third quarter, an improvement in the foreign exchange impact from foreign exchange losses of ¥27.464 million in the same quarter of the previous year. - FY2019-Q2MitigatedAnnual report
「Foreign exchange gains 27,404」
The Company recorded foreign exchange gains of ¥27.404 million for the six-month period ended the second quarter, an improvement in the foreign exchange impact from foreign exchange losses of ¥20.919 million in the same quarter of the previous year. - FY2019-Q1MitigatedAnnual report
「Foreign exchange gains 3,743」
The Company recorded foreign exchange gains of ¥3.743 million for the three-month period ended the first quarter, an improvement in the foreign exchange impact from foreign exchange losses of ¥11.706 million in the same quarter of the previous year. - FY2018WorsenedAnnual report
「Foreign exchange losses amounted to ¥102.546 million.」
The impact of foreign exchange movements materialized over the full year, with foreign exchange gains of ¥56.920 million in the previous year turning into foreign exchange losses of ¥102.546 million. - FY2018-Q3WorsenedAnnual report
「Foreign exchange losses 27,464」
The Company recorded foreign exchange losses of ¥27.464 million for the nine-month period ended the third quarter. This represented a shift from foreign exchange gains of ¥52.504 million in the same period of the previous year. - FY2018-Q2MitigatedAnnual report
「Foreign exchange losses 20,919」
Foreign exchange losses for the six-month period ended the second quarter were ¥20.919 million, down from ¥48.167 million in the same period of the previous year. The impact of foreign exchange movements remains, but the loss improved. - FY2018-Q1MitigatedAnnual report
「Foreign exchange losses amounted to ¥11 million.」
Foreign exchange losses in the first quarter were ¥11.706 million, down from ¥33.961 million in the same quarter of the previous year. The impact of foreign exchange movements remains, but the loss improved from the same period a year earlier. - FY2017RestatedAnnual report
「The Group is working to minimize these risks by shifting to long-term, fixed-rate financing to address interest rate risk, and by hedging the foreign-currency exposure of its major foreign-currency-denominated assets and liabilities to address foreign exchange risk.」
Continued measures include shifting to long-term, fixed-rate financing, foreign exchange hedging and interest rate swaps. - FY2017-Q3MitigatedAnnual report
「Foreign exchange gain 52,504」
The Group recorded a foreign exchange gain of ¥52,504 thousand in the cumulative third-quarter consolidated period, an improvement from the foreign exchange loss reported in the previous quarter. - FY2017-Q2WorsenedAnnual report
「Foreign exchange loss 48,167」
The Group recorded a foreign exchange loss of ¥48,167 thousand in the cumulative second-quarter consolidated period, an increase from the ¥2,756 thousand loss recorded in the same period of the previous year. - FY2017-Q1MaterialisedAnnual report
「The UK's withdrawal from the EU in late June accelerated yen appreciation and the decline in share prices, further worsening consumer sentiment.」
States that yen appreciation actually occurred as a foreign exchange risk following the UK's withdrawal from the EU, and that a foreign exchange loss of ¥33,961 thousand was recorded in the first quarter. - FY2016First statedAnnual report
「Our Group is working to minimize interest rate risk through measures such as extending maturities and converting borrowings to fixed rates, and to minimize foreign exchange risk through hedging major foreign-currency-denominated assets and liabilities. However, depending on market conditions, these risks may not be fully avoidable.」
States that the Group is taking measures such as extending maturities, converting borrowings to fixed rates and hedging foreign exchange exposures, while acknowledging that the risks cannot be fully avoided.