Foreign-Exchange Risk Associated with Overseas Operations
First written in FY2016. 16 of 34 entries say "Mitigated", first in FY2017-Q1. Latest entry: 2026-11-04.
Cmk moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 22 of 41 companies on the "Worse" side.
7 other companies' latest entry also says "Materialised".
- FY2026WorsenedAnnual report
「The factors behind the change in operating profit included a ¥1,330 million negative impact from foreign exchange movements, mainly due to the appreciation of the baht and Chinese yuan against the US dollar.」
While the foreign exchange gain due to yen depreciation was ¥1,522 million, the appreciation of the baht and Chinese yuan was a factor weighing on operating profit by ¥1,330 million, so the effects of foreign exchange differed by region and profit item. - FY2026-H1Decline in Foreign Exchange GainsAnnual report
「In non-operating income, the previous fiscal year included a foreign exchange gain of ¥1,960 million, mainly from the effect of foreign-currency-denominated intercompany loans to a Thai subsidiary as the yen depreciated 6.0% against the Thai baht. In the current fiscal year, the foreign exchange gain for the interim consolidated accounting period was ¥761 million, as the decline in the yen against the Thai baht narrowed to 4.7% and the foreign exchange gain on the Group's foreign-currency-denominated intercompany liabilities declined due to the sharp depreciation of the yen against the euro.」
Due to the narrower decline in the yen against the Thai baht and the effects of the yen's depreciation against the euro, the foreign exchange gain declined from ¥1,960 million in the same period of the previous year to ¥761 million, becoming a factor behind the decline in ordinary profit. - FY2025MitigatedAnnual report
「Ordinary profit was ¥5,533 million, up 15.4% year on year, because the company recorded a foreign exchange gain of ¥1,957 million due to the increase in operating profit and the yen's depreciation against the US dollar and Thai baht, among other factors.」
The company recorded a foreign exchange gain of ¥1,957 million due to yen depreciation, and foreign exchange effects during the period contributed to higher ordinary profit. The company also cited forward contracts, currency-balance adjustments and its cross-border pooling structure as response measures. - FY2025-H1MitigatedAnnual report
「Ordinary profit was ¥3,762 million, up 124.3% year on year, because the company recorded a foreign exchange gain of ¥1,961 million due to the increase in operating profit and the yen's depreciation against the US dollar and Thai baht, among other factors.」
The yen's depreciation resulted in a foreign exchange gain of ¥1,961 million, and foreign exchange movements contributed to higher ordinary profit during the interim consolidated accounting period. - FY2024MitigatedAnnual report
「Ordinary profit was ¥4,795 million, up 82.8% year on year, because the company recorded a foreign exchange gain of ¥1,040 million due to the increase in operating profit and the yen's depreciation against the US dollar and Thai baht, among other factors.」
The foreign exchange gain of ¥1,040 million due to yen depreciation increased ordinary profit. The company also cites forward contracts and adjustments to the balance of foreign-currency-denominated receivables and payables as risk-mitigation measures. - FY2024-Q3MitigatedAnnual report
「Ordinary profit was ¥3,402 million, up 24.3% year on year, because the yen's depreciation against the US dollar and Thai baht resulted in a foreign exchange gain of ¥1,154 million, and」
The yen's depreciation resulted in a foreign exchange gain of ¥1,154 million, and foreign exchange movements during the quarter contributed to higher ordinary profit. - FY2024-Q2MitigatedAnnual report
「Although operating profit declined, ordinary profit was ¥1,677 million, up 8.0% year on year, because the yen's depreciation against the US dollar and Thai baht resulted in a foreign exchange gain of ¥1,029 million, and」
The yen's depreciation resulted in a foreign exchange gain of ¥1,029 million, and foreign exchange movements during the quarter contributed to higher profit. - FY2024-Q1MitigatedAnnual report
「Although the company recorded a foreign exchange gain of ¥557 million as the yen depreciated against the US dollar and Thai baht, ordinary profit was ¥661 million, down 0.4% year on year, and profit attributable to owners of the parent was ¥206 million, down 52.2% year on year, due to the decline in operating profit and other factors.」
The yen's depreciation resulted in a foreign exchange gain of ¥557 million, and foreign exchange movements during the quarter contributed to higher profit. - FY2023MitigatedAnnual report
「Sales of automotive products increased, partly due to higher vehicle sales in China, resulting in net sales of ¥18,702 million, up 16.4% from the same period of the previous year. In terms of profit, in addition to the impact of higher net sales, the depreciation of the renminbi against the US dollar, improved production efficiency and other factors resulted in segment profit of ¥1,670 million, an increase of 136.5% from the same period of the previous year.」
The depreciation of the Chinese yuan and Thai baht against the US dollar contributed to higher profits in China and Southeast Asia, mitigating the effects of foreign exchange movements on profit for the period. - FY2023-Q3MitigatedAnnual report
「In addition to the increase in operating profit, the company recorded a foreign exchange gain due to yen depreciation, resulting in ordinary profit of ¥2,738 million, up 59.0% year on year.」
The foreign exchange gain due to yen depreciation contributed to higher ordinary profit. The quarterly consolidated income statement shows a foreign exchange gain of ¥673 million, making foreign exchange effects a profit factor during the quarter. - FY2023-Q2MitigatedAnnual report
「Foreign exchange gain 394」
The company recorded a foreign exchange gain of ¥394 million during the cumulative second quarter. In Southeast Asia, the depreciation of the Thai baht against the US dollar also contributed to higher segment profit, so the effects of foreign exchange movements in the period were favorable to profit. - FY2023-Q1Change in the direction of foreign exchange impactsAnnual report
「Despite sluggish global automobile sales, consolidated revenue for the cumulative first quarter was ¥19,753 million, up 1.4% year on year, due to higher sales in China and increased overseas revenue attributable to foreign exchange movements.」
The company states that foreign exchange movements overseas contributed to higher revenue. In Southeast Asia, the depreciation of the Thai baht against the US dollar also contributed to higher segment profit, differing in direction from the profit pressure caused by currency appreciation previously seen in the China segment and elsewhere. - FY2022MaterialisedAnnual report
「In terms of profit, despite the impact of the appreciation of the Chinese yuan against the US dollar, segment profit was ¥706 million, up 32.7% year on year, due to the increase in revenue and improvements in production efficiency, among other factors.」
While the appreciation of the Chinese yuan affected China segment profit, segment profit was ¥706 million, up 32.7% year on year, due to higher revenue and improved production efficiency. Foreign exchange risk materialized, while its effects coexisted with other improvement factors. - FY2022-Q3MaterialisedAnnual report
「In terms of profit, segment profit was ¥206 million, down 51.9% year on year, due in part to the appreciation of the Chinese yuan against the US dollar, despite an increase in revenue.」
The appreciation of the Chinese yuan actually weighed on China segment profit, which declined 51.9% year on year despite the increase in revenue. - FY2022-Q2MaterialisedAnnual report
「In terms of profit, the segment recorded a loss of ¥129 million, compared with segment profit of ¥301 million in the same quarter of the previous year, due to the increase in raw material costs and the appreciation of the Chinese yuan against the US dollar, among other factors.」
The appreciation of the Chinese yuan actually weighed on China segment profit, which shifted from profit of ¥301 million in the same period of the previous year to a loss of ¥129 million. A foreign exchange loss of ¥206 million was also recorded in the quarterly consolidated income statement. - FY2022-Q1MaterialisedAnnual report
「In terms of profit, segment profit was ¥2 million, down 99.0% year on year, due to the increase in raw material costs and the appreciation of the Chinese yuan against the US dollar, among other factors.」
The appreciation of the Chinese yuan actually weighed on China segment profit, which was ¥2 million, down 99.0% year on year. - FY2021MaterialisedAnnual report
「The operating loss was ¥1.6 billion, slightly below the target, partly because the Chinese yuan remained stronger than expected.」
The appreciation of the Chinese yuan actually emerged as a factor behind the shortfall against the operating loss target, and foreign exchange fluctuations affected earnings. - FY2021-Q1MitigatedAnnual report
「In addition, despite a foreign exchange gain of ¥488 million, ordinary loss was ¥82 million due to the decline in operating profit and other factors, compared with ordinary profit of ¥103 million in the same period of the previous year.」
The quarter saw a foreign exchange gain of ¥488 million, so foreign exchange effects became a profit factor, compared with a foreign exchange loss in the same period of the previous year. However, ordinary profit or loss was a loss due to the decline in operating profit. - FY2020-Q3MaterialisedAnnual report
「The Southeast Asian economy showed signs of slowing, including a decline in exports. In Thailand, exports also became less competitive as the baht appreciated and automobile sales remained sluggish, but the company's sales increased, mainly for automotive applications, resulting in revenue of ¥11,023 million, up 0.5% year on year.」
The decline in export competitiveness associated with the appreciation of the Thai baht actually emerged as a business condition. In China, meanwhile, the depreciation of the Chinese yuan against the US dollar contributed to improved segment profitability, with the effects of foreign exchange differing by region. - FY2020-Q2MitigatedAnnual report
「In terms of profit, improved productivity and the depreciation of the renminbi against the US dollar, among other factors, resulted in segment profit of ¥758 million, an increase of 291.8% from the same period of the previous year.」
The depreciation of the Chinese yuan against the US dollar contributed to improved profitability in the China segment, and segment profit increased 291.8% year on year together with productivity improvements. The effects of foreign exchange fluctuations remained, but their impact was mitigated in the China business during the quarter. - FY2020-Q1MitigatedAnnual report
「In terms of profit, although net sales declined, improved productivity and the depreciation of the renminbi against the US dollar, among other factors, resulted in segment profit of ¥378 million, compared with a segment loss of ¥67 million in the same period of the previous year.」
The depreciation of the Chinese yuan against the US dollar improved profitability in the China segment, which shifted from a loss in the same period of the previous year to a profit. The foreign exchange loss in the consolidated income statement also declined from ¥214 million in the same period of the previous year to ¥9 million. - FY2019MaterialisedAnnual report
「In terms of profit, operating profit was ¥3,767 million, down 11.7% year on year, due to the effects of foreign exchange fluctuations and lower operating rates associated with a temporary adjustment in the domestic supply-demand balance, among other factors.」
The effects of foreign exchange fluctuations actually emerged as a factor weighing on operating profit. In Southeast Asia, segment profit declined 2.7% year on year due to the appreciation of the Thai baht. - FY2019-Q3MaterialisedAnnual report
「In terms of profit, the appreciation of the Chinese yuan and Thai baht against the US dollar weighed on results in China and Southeast Asia. As a result, operating profit for the cumulative third quarter was ¥2,919 million, down 11.9% year on year.」
The appreciation of the Chinese yuan and Thai baht against the US dollar actually weighed on results in China and Southeast Asia, and consolidated operating profit declined 11.9% year on year. - FY2019-Q2MaterialisedAnnual report
「In terms of profit, the appreciation of the Chinese yuan and Thai baht against the US dollar weighed on results in China and Southeast Asia. As a result, operating profit for the cumulative second quarter was ¥1,791 million, down 16.2% year on year.」
The appreciation of the Chinese yuan and Thai baht against the US dollar actually weighed on profits in China and Southeast Asia. China segment profit was ¥193 million, down 69.4% year on year, while Southeast Asia segment profit was ¥177 million, down 19.8%. - FY2019-Q1MaterialisedAnnual report
「In terms of profit, operating profit for the cumulative first quarter of the fiscal year was ¥760 million, down 32.6% year on year, as the appreciation of the Chinese yuan and Thai baht against the US dollar weighed on profits in China and Southeast Asia. In China, the appreciation of the yuan against the US dollar, among other factors, resulted in a segment loss of ¥67 million, compared with segment profit of ¥309 million in the same period of the previous year. In Southeast Asia, segment profit was ¥121 million, down 33.7% year on year, due in part to the appreciation of the Thai baht against the US dollar.」
The appreciation of the Chinese yuan and Thai baht against the US dollar actually weighed on profits in China and Southeast Asia, and the China segment shifted from profit in the same period of the previous year to a loss. A foreign exchange loss of ¥214 million was also recorded in the quarterly consolidated income statement. - FY2018-Q2MaterialisedAnnual report
「Foreign exchange loss — 81」
The company recorded a foreign exchange loss of ¥81 million as a non-operating expense during the six-month period ended in the second quarter, and the effects of foreign exchange fluctuations materialized. - FY2017MitigatedAnnual report
「The Group hedges transactions denominated in foreign currencies with forward contracts and seeks to minimize foreign exchange risk, but sudden currency fluctuations may affect the Group's operating results and financial position.」
The company continued to hedge with forward contracts and recorded a foreign exchange gain for the period, while continuing to identify the risk of sudden currency fluctuations. - FY2017-Q3MitigatedAnnual report
「Ordinary profit was ¥1,434 million, partly due to the decline in foreign exchange losses from the previous year, compared with an ordinary loss of ¥1,091 million in the same period of the previous year.」
Foreign exchange losses declined from the previous year, improving ordinary profit from a loss in the same period of the previous year to profit of ¥1,434 million. - FY2017-Q2MitigatedAnnual report
「Despite significant foreign exchange fluctuations, the adjustment of the balance of foreign-currency-denominated receivables and payables reduced foreign exchange losses from the previous year, resulting in ordinary profit of ¥776 million, compared with an ordinary loss of ¥1,425 million in the same period of the previous year.」
While the effects of significant foreign exchange fluctuations and yen appreciation remained, foreign exchange losses declined from the previous year as a result of adjustments to the balance of foreign-currency-denominated receivables and payables, and ordinary profit was ¥776 million. - FY2017-Q1MitigatedAnnual report
「Despite sharp foreign exchange fluctuations, the decline in foreign exchange losses from the previous year resulted in ordinary profit of ¥272 million, compared with an ordinary loss of ¥488 million in the same period of the previous year.」
Sharp foreign exchange fluctuations continued, but foreign exchange losses declined from the same period of the previous year, and ordinary profit was ¥272 million. - FY2016First statedAnnual report
「Ordinary loss was ¥628 million, largely due to foreign-exchange losses arising from movements in exchange rates, compared with ordinary profit of ¥1.513 billion in the same period of the previous year.」
While hedging foreign exchange risk with forward contracts, the company recorded a ¥733 million foreign exchange loss as a non-operating expense for the period.