Impact of Exchange-Rate Fluctuations on Overseas Sales, Earnings and Competitiveness
First written in FY2016. 31 of 35 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-07-29.
Fdk moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2025: 14 of 17 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-07-29MitigatedFinancial results briefing materials
「Earnings increased owing to higher operating income and an improvement in non-operating income and expenses resulting from lower foreign exchange losses.」
Lower foreign exchange losses were identified as a factor improving non-operating income and expenses, with the impact of foreign exchange on quarterly earnings smaller than in the same period of the previous year. - FY2026MaterialisedAnnual report
「In addition, because overseas business accounts for 44.7% of the Group's sales, fluctuations in exchange rates affect increases and decreases when translated into yen. The Group addresses this exchange-rate risk by balancing sales and procurement and using forward exchange contracts, among other measures.」
The overseas business ratio was 44.7%, indicating exposure to exchange-rate movements. A foreign exchange loss of ¥165 million was also recorded, and the foreign exchange impact appeared in earnings for the period. - 2026-04-28MaterialisedFinancial results briefing materials
「Although non-operating income and expenses deteriorated owing to foreign exchange losses and other factors, earnings increased because of higher operating income.」
Foreign exchange losses emerged as a factor worsening non-operating income and expenses in full-year results. - FY2026-H1MaterialisedAnnual report
「In terms of earnings, the Batteries business posted lower profit overall due to lower sales and the foreign exchange impact, despite the effects of fluctuations in raw-material prices and cost reductions from value engineering.」
Foreign exchange was actually cited as a factor behind lower profit in the Batteries business, and exchange-rate movements affected earnings in the interim consolidated accounting period. - FY2025MaterialisedAnnual report
「In addition, because overseas business accounts for 43.6% of the Group's sales, fluctuations in exchange rates affect increases and decreases when translated into yen. The Group addresses this exchange-rate risk by balancing sales and procurement and using forward exchange contracts, among other measures.」
The overseas business ratio was disclosed as 43.6%. While the yen's depreciation was a factor behind higher sales and profit in the Batteries business, the Company continues to address exchange-rate risk by balancing sales and procurement and using forward exchange contracts. - FY2025-H1MaterialisedAnnual report
「For the results of operations for the interim consolidated accounting period, in addition to higher sales due to the yen's depreciation, ordinary profit was ¥631 million, up ¥495 million from the previous interim consolidated accounting period, despite the recording of a ¥105 million foreign exchange loss and other items as non-operating expenses.」
While the yen's depreciation was a factor behind higher sales, a foreign exchange loss of ¥105 million was also recorded, showing that exchange-rate movements actually affected sales and ordinary income. - FY2024MaterialisedAnnual report
「In addition, because overseas business accounts for 42.9% of the Group's sales, fluctuations in exchange rates affect increases and decreases when translated into yen. The Group addresses this exchange-rate risk by balancing sales and procurement and using forward exchange contracts, among other measures.」
With overseas business accounting for 42.9% of sales, the yen's depreciation was a factor behind higher profit in the Batteries business, and a foreign exchange gain of ¥110 million was also recorded. The impact of exchange-rate movements appeared in actual results. - FY2024-Q3MaterialisedAnnual report
「Ordinary profit was ¥234 million, down ¥661 million from the previous third-quarter cumulative period, despite the recording of a ¥87 million foreign exchange gain as non-operating income,」
A foreign exchange gain of ¥87 million was recorded, and exchange-rate movements actually affected ordinary income in the third-quarter cumulative period. - FY2024-Q2MaterialisedAnnual report
「Ordinary profit was ¥136 million, down ¥703 million from the previous second-quarter cumulative period, despite the recording of a ¥195 million foreign exchange gain as non-operating income,」
The yen's depreciation was a factor behind higher lithium battery sales, and the recording of a ¥195 million foreign exchange gain in ordinary profit, among other items, shows the impact of exchange-rate movements in actual results. - FY2024-Q1MaterialisedAnnual report
「Lithium battery sales exceeded those in the previous first-quarter cumulative period, as demand for security and smart-meter applications in Japan and overseas remained firm and the benefit of the yen's depreciation was added. Ordinary profit was reported despite the recording of a ¥156 million foreign exchange gain as non-operating income,」
The yen's depreciation was a factor behind higher lithium battery sales, and the recording of a ¥156 million foreign exchange gain in ordinary profit, among other items, shows the impact of exchange-rate movements in actual results. - FY2023MaterialisedAnnual report
「In addition, because overseas business accounts for 37.9% of the Group's sales, fluctuations in exchange rates affect increases and decreases when translated into yen. The Group addresses this exchange-rate risk by balancing sales and procurement and using forward exchange contracts, among other measures.」
The 37.9% overseas sales ratio indicates the Group's foreign exchange exposure, and a foreign exchange gain of ¥122 million was recorded during the period. The Company also describes measures involving the balance between sales and procurement and the use of forward exchange contracts. - FY2023-Q3MaterialisedAnnual report
「The Batteries business posted lower profit despite higher profit from expense reductions and the foreign exchange impact, due to the impact of soaring raw-material prices and lower sales. The Electronics business posted higher profit, as increased profit from higher sales of various modules outweighed the decline in profit due to foreign exchange.」
Exchange-rate movements actually affected segment earnings, resulting in higher profit in the Batteries business and lower profit in the Electronics business. - FY2023-Q2MaterialisedAnnual report
「The Batteries business posted lower profit despite higher profit from expense reductions and the foreign exchange impact, as the impact of soaring raw-material prices was substantial. Ordinary profit was ¥839 million, down ¥462 million from the previous second-quarter cumulative period, despite the recording of a ¥240 million foreign exchange gain as non-operating income.」
Exchange-rate movements, including the yen's depreciation, appeared in actual results as higher profit in the Batteries business and a ¥240 million foreign exchange gain, while exchange rates and soaring raw-material prices were also factors behind lower profit in the Electronics business. - FY2023-Q1MaterialisedAnnual report
「The Batteries business posted lower profit despite higher profit from expense reductions, as the impact of soaring raw-material prices was substantial. The Electronics business benefited from higher profit on increased sales of various modules, but posted lower profit due to the impact of exchange rates and soaring raw-material prices.」
Foreign exchange was actually cited as a factor behind lower profit in the Electronics business, showing that overseas operations and exchange-rate movements affected earnings. - FY2022MitigatedAnnual report
「In addition, because overseas business accounts for 42.2% of the Group's sales, fluctuations in exchange rates affect increases and decreases when translated into yen. The Group addresses this exchange-rate risk by balancing sales and procurement and using forward exchange contracts, among other measures.」
The 42.2% overseas business ratio indicates the Group's foreign exchange exposure, and the Company describes measures involving the balance between sales and procurement and the use of forward exchange contracts. The foreign exchange loss decreased from ¥438 million in the previous year to ¥79 million. - FY2022-Q3MitigatedAnnual report
「Foreign exchange loss of ¥133 million」
The foreign exchange loss decreased from ¥485 million in the same period of the previous year to ¥133 million, but the impact of exchange-rate movements itself continued to appear in ordinary income. - FY2022-Q1MaterialisedAnnual report
「Foreign exchange loss of ¥68 million」
Exchange-rate movements appeared as a ¥68 million foreign exchange loss in non-operating expenses. - FY2021MaterialisedAnnual report
「In addition, because overseas business accounts for 45.6% of the Group's sales, fluctuations in exchange rates affect increases and decreases when translated into yen. Ordinary profit increased by ¥708 million from the previous consolidated fiscal year to ¥1,274 million, despite the recording of a foreign exchange loss of ¥438 million, among other items.」
With overseas business accounting for 45.6% of sales, a foreign exchange loss of ¥438 million was recorded during the period, and the impact of exchange-rate movements appeared in ordinary income. - FY2021-Q3MaterialisedAnnual report
「Ordinary profit increased by ¥211 million from the previous third-quarter cumulative period to ¥895 million, despite the recording of a foreign exchange loss of ¥485 million and other items.」
A foreign exchange loss of ¥485 million was recorded, and exchange-rate movements actually affected ordinary income in the third-quarter consolidated cumulative period. - FY2021-Q2MaterialisedAnnual report
「Ordinary profit was ¥709 million, despite the recording of a gain of ¥63 million on the sale of fixed assets, due to the recording of a foreign exchange loss of ¥284 million and other items, compared with an ordinary loss of ¥37 million in the previous second-quarter cumulative period.」
A foreign exchange loss of ¥284 million was recorded, and exchange-rate movements actually affected ordinary income in the second-quarter cumulative period. - FY2020MaterialisedAnnual report
「In addition, because overseas business accounts for 44.6% of the Group's sales, fluctuations in exchange rates affect increases and decreases when translated into yen. The foreign currency translation adjustment account decreased by ¥916 million.」
With overseas business accounting for 44.6% of sales, the foreign currency translation adjustment account decreased by ¥916 million, and the impact of exchange-rate movements appeared in net assets. - FY2020-Q3MaterialisedAnnual report
「The main factors behind the decrease in net assets were an increase of ¥435 million in the cumulative remeasurements related to retirement benefits, offset by decreases of ¥939 million in retained earnings due to the recording of a quarterly net loss attributable to owners of the parent and ¥730 million in the foreign currency translation adjustment account.」
The foreign currency translation adjustment account decreased by ¥730 million, with the impact of exchange-rate movements appearing in actual results as a factor behind the decline in net assets. - FY2020-Q2MaterialisedAnnual report
「The main factors behind the decrease in net assets were an increase of ¥339 million in the cumulative remeasurements related to retirement benefits, offset by decreases of ¥1,100 million in the foreign currency translation adjustment account and ¥691 million in retained earnings due to the recording of a quarterly net loss attributable to owners of the parent.」
The foreign currency translation adjustment account decreased by ¥1,100 million, with the impact of exchange-rate movements associated with overseas operations appearing in actual results as a factor behind the decline in net assets. - FY2019MaterialisedAnnual report
「In addition, because overseas business accounts for 46.5% of the Group's sales, fluctuations in exchange rates affect increases and decreases when translated into yen. Non-operating income of ¥594 million, including a foreign exchange gain of ¥324 million, among other items, was recorded, resulting in ¥718 million, up ¥640 million from the previous consolidated fiscal year.」
The business structure shows that overseas sales account for 46.5%, and the foreign exchange gain of ¥324 million recorded during the period appeared in actual results as a factor behind the increase in ordinary profit. - FY2019-Q3MaterialisedAnnual report
「Ordinary profit increased by ¥870 million from the previous third-quarter cumulative period to ¥1,299 million, owing to the recording of a foreign exchange gain of ¥408 million as non-operating income.」
A foreign exchange gain of ¥408 million was recorded, and exchange-rate movements actually affected ordinary income in the third-quarter cumulative period. - FY2019-Q2MaterialisedAnnual report
「Ordinary profit increased by ¥627 million from the previous second-quarter cumulative period to ¥631 million, owing to the recording of a foreign exchange gain of ¥578 million as non-operating income,」
A foreign exchange gain of ¥578 million was recorded, and exchange-rate movements actually affected ordinary income in the second-quarter cumulative period. - FY2019-Q1MaterialisedAnnual report
「Ordinary profit was ¥193 million, owing to the recording of a foreign exchange gain of ¥335 million as non-operating income, compared with an ordinary loss of ¥161 million in the previous first-quarter cumulative period,」
A foreign exchange gain of ¥335 million was recorded, and exchange-rate movements actually affected ordinary income in the first quarter. - FY2018MaterialisedAnnual report
「In addition, because overseas business accounts for 47.2% of the Group's sales, fluctuations in exchange rates affect increases and decreases when translated into yen. Ordinary profit was ¥78 million despite the recording of a foreign exchange loss of ¥434 million and other items as non-operating expenses.」
The business structure shows that overseas operations account for 47.2% of sales, and a foreign exchange loss of ¥434 million was recorded during the period, with the impact of exchange-rate movements appearing in actual results. - FY2018-Q3MaterialisedAnnual report
「In terms of earnings, the Batteries business posted higher profit despite lower sales of alkaline and nickel-metal hydride batteries and the impact of soaring raw-material prices, due to increased sales of lithium batteries and energy-storage systems, cost reductions and the effect of the yen's depreciation.」
While the yen's depreciation was a factor behind higher profit in the Batteries business, a foreign exchange loss of ¥84 million was also recorded as a non-operating expense, showing that exchange-rate movements continue to have an actual impact on earnings. - FY2018-Q2MaterialisedAnnual report
「In terms of earnings, the Batteries business posted higher profit despite the impact of soaring raw-material prices, due to increased sales of nickel-metal hydride and lithium batteries and the effect of the yen's depreciation.」
Exchange-rate movements actually affected earnings, appearing this quarter as a profit benefit from the yen's depreciation. - FY2017MaterialisedAnnual report
「While the Group as a whole incurred approximately ¥4,600 million in erosion from translating foreign-currency results due to exchange-rate movements,」
Approximately ¥4,600 million was lost through the translation impact of exchange-rate movements, which actually affected sales and earnings. - FY2017-Q3MaterialisedAnnual report
「Despite higher material prices, a substantial decline in sales in the Electronics business and a significant foreign exchange impact from the yen's appreciation, the Company returned to profitability in the third quarter of the consolidated fiscal period.」
The foreign exchange impact of the yen's appreciation continues to be cited as a factor affecting earnings, alongside higher material prices and lower sales in the Electronics business. - FY2017-Q2MaterialisedAnnual report
「This was compounded by the erosion from translating foreign-currency results following the yen's appreciation, resulting in sales of ¥37,056 million, down ¥3,554 million (8.8%) from the previous second-quarter cumulative period. Foreign exchange losses of ¥237 million due to the yen's appreciation, among other items, were recorded as non-operating expenses, bringing the total to ¥689 million.」
The decline in the translated yen value of overseas sales due to the yen's appreciation was a factor behind the decrease in consolidated sales, and a foreign exchange loss of ¥237 million was also recorded. - FY2017-Q1MaterialisedAnnual report
「Sales fell below the first-quarter consolidated cumulative period of the previous year as, in addition to the sharp appreciation of the yen, alkaline and nickel-metal hydride batteries in the consumer market were affected by the global slowdown in personal consumption and were being replaced by newly introduced lower-priced products. Although volume was trending upward, sales declined. In terms of earnings, the group worked rapidly to reduce costs for battery products whose volumes were growing rapidly in response to the decline in sales described above and the deterioration in earnings caused by the sharp appreciation of the yen, but」
The sharp appreciation of the yen has actually emerged as a factor behind the decline in sales and deterioration in earnings. - FY2016First statedAnnual report
「Accordingly, sharp fluctuations in exchange rates, particularly the US dollar, could affect sales and earnings from overseas businesses and lead to a decline in the price competitiveness of products supplied overseas.」
The statement indicates that exchange-rate fluctuations may affect overseas sales and earnings, yen-converted amounts, manufacturing and procurement costs, and price competitiveness.