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Hamamatsu Photonics K.K. (6965) · RiskMitigated

Impact of Yen Appreciation and Foreign Exchange Movements on Earnings and Net Assets

First written in FY2016-Q3. 14 of 30 entries say "Mitigated", first in FY2020-Q1. Latest entry: FY2026-H1.

30entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2016-Q3 – FY2019-Q1MitigatedFY2024-Q2 – FY2026-H12016: 120162017: 320172018: 320182019: 320192020: 420202021: 420212022: 420222023: 320232024: 220242025: 120252026: 2
Same theme, other companies
Combined impact of foreign exchange fluctuations on profit or loss and net assetsA theme 140 companies write about · 119 as a headwind · 1 as a tailwind

The whole theme swung hardest in 2019: 68 of 119 companies on the "Worse" side.

38 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 140 companies compared. The sentences above are computed from all 140.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1MitigatedAnnual report

    「Foreign exchange gains 461 1,032」

    The foreign exchange gain increased from ¥461 million in the same period of the previous year to ¥1,032 million. The foreign currency translation adjustment also increased by ¥9,788 million, with the exchange-rate impact improving in both earnings and net assets during the current interim consolidated accounting period.
  2. 2026-05-14MitigatedRevisions to earnings forecasts

    「Foreign exchange gains 461 1,032」

    Foreign exchange gains increased to ¥1,032 million from ¥461 million in the same period of the previous year, indicating an improving impact from foreign exchange movements on earnings.
  3. FY2025-H1MitigatedAnnual report

    「Foreign exchange gain 232 461」

    The foreign exchange gain increased from ¥232 million in the same period of the previous year to ¥461 million. The foreign currency translation adjustment also increased from ¥18,071 million to ¥20,848 million, with the exchange-rate impact on earnings and net assets improving during the current interim consolidated accounting period.
  4. FY2024-Q2MitigatedAnnual report

    「Foreign exchange gain 38 232」

    The foreign exchange gain increased from ¥38 million in the same period of the previous year to ¥232 million in the current second-quarter cumulative period. The foreign currency translation adjustment also increased by ¥1,523 million, mitigating the exchange-rate impact from the direction of a foreign exchange loss and a decline in net assets in the previous quarter.
  5. FY2024-Q1WorsenedAnnual report

    「Foreign exchange loss 273 426」

    The foreign exchange loss increased from ¥273 million in the same period of the previous year to ¥426 million. The foreign currency translation adjustment also declined by ¥1,849 million, with adverse exchange-rate effects reflected in both earnings and net assets. The figures are presented in the order of the same period of the previous year and the current quarter. is false
  6. FY2023-Q3MitigatedAnnual report

    「Foreign exchange gain - 326」

    The Company recorded a foreign exchange gain of ¥326 million in the current third-quarter cumulative consolidated period, up from ¥304 million in the same period of the previous year. The foreign currency translation adjustment also increased by ¥1,856 million, and no adverse impact of exchange-rate movements on earnings or net assets was identified for the cumulative period.
  7. FY2023-Q2MitigatedAnnual report

    「Foreign exchange gain - 38」

    The foreign exchange impact changed from a foreign exchange loss of ¥72 million in the same period of the previous year to a foreign exchange gain of ¥38 million in the current second-quarter cumulative consolidated period, mitigating the impact on earnings. Meanwhile, the foreign currency translation adjustment declined by ¥4,226 million.
  8. FY2023-Q1WorsenedAnnual report

    「Foreign exchange loss - 273」

    The foreign exchange impact changed from a foreign exchange gain of ¥14 million in the first quarter of the previous fiscal year to a foreign exchange loss of ¥273 million. The foreign currency translation adjustment also declined by ¥3,465 million, changing from the tailwind of yen depreciation in the previous period to an adverse impact on earnings and net assets.
  9. FY2022MitigatedAnnual report

    「The exchange-rate impact included in operating profit for the current consolidated fiscal year was ¥8,249 million, increasing profit.」

    Against the backdrop of yen depreciation, the exchange-rate impact became a ¥8,249 million factor increasing profit. Exchange-rate sensitivity was also updated to ¥300 million for the US dollar, ¥100 million for the euro and ¥800 million for the Chinese yuan.
  10. FY2022-Q3MitigatedAnnual report

    「The yen has also remained substantially weaker, providing a tailwind for the Company's Group in the near term, although」

    The substantial yen depreciation was regarded as a tailwind for the Company's Group. In the current nine-month cumulative period, the Company recorded a foreign exchange gain of ¥304 million and an increase of ¥10,220 million in the foreign currency translation adjustment, mitigating the adverse impact of exchange rates on results and net assets.
  11. FY2022-Q2MitigatedAnnual report

    「As sales increased, mainly in the industrial equipment field, and the yen depreciated, both net sales and profit exceeded the initial forecasts.」

    The yen's depreciation was cited as a factor boosting net sales and profit. Against a foreign exchange loss of ¥187 million in the same period of the previous year, the current fiscal year recorded a foreign exchange loss of ¥72 million, while the foreign currency translation adjustment increased by ¥4,448 million.
  12. FY2022-Q1MitigatedAnnual report

    「Foreign exchange gain - 14」

    The foreign exchange impact changed from a foreign exchange loss of ¥205 million in the same period of the previous year to a foreign exchange gain of ¥14 million in the current first quarter. The foreign currency translation adjustment also increased by ¥1,057 million, mitigating the adverse impact of the previous period on both earnings and net assets.
  13. FY2021MitigatedAnnual report

    「The exchange-rate impact included in operating profit for the current consolidated fiscal year was ¥1,165 million, increasing profit.」

    The exchange-rate impact changed from a ¥1,300 million factor reducing profit in the previous full fiscal year to a ¥1,165 million factor increasing profit in the current fiscal year. Exchange-rate sensitivity remained quantified at ¥200 million for the US dollar, ¥100 million for the euro and ¥600 million for the Chinese yuan.
  14. FY2021-Q3WorsenedAnnual report

    「Foreign exchange loss - 258」

    The foreign exchange impact changed from a foreign exchange gain of ¥127 million in the same period of the previous year to a foreign exchange loss of ¥258 million in the current third-quarter cumulative consolidated period. Although the foreign currency translation adjustment increased by ¥3,404 million, the exchange-rate impact on earnings worsened.
  15. FY2021-Q2WorsenedAnnual report

    「Foreign exchange loss - 187」

    The foreign exchange impact changed from a foreign exchange gain of ¥79 million in the same period of the previous year to a foreign exchange loss of ¥187 million in the current second-quarter cumulative consolidated period. Meanwhile, the foreign currency translation adjustment increased by ¥2,313 million, resulting in separate impacts on earnings and net assets.
  16. FY2021-Q1WorsenedAnnual report

    「Foreign exchange loss - 205」

    The foreign exchange impact changed from a foreign exchange gain of ¥3 million in the same period of the previous year to a foreign exchange loss of ¥205 million in the current first quarter, worsening the impact of exchange-rate movements on earnings.
  17. FY2020WorsenedAnnual report

    「The exchange-rate impact included in operating profit for the current consolidated fiscal year was negative ¥1,300 million, reducing profit.」

    Although the foreign exchange gain improved from the foreign exchange loss recorded in the previous year, the full-year exchange-rate impact included in operating profit was quantified as a ¥1,300 million factor reducing profit, confirming its adverse impact on results.
  18. FY2020-Q3MitigatedAnnual report

    「Foreign exchange gain - 127」

    The foreign exchange impact changed from a foreign exchange loss of ¥153 million in the same period of the previous year to a foreign exchange gain of ¥127 million in the current third-quarter cumulative consolidated period, continuing to mitigate the impact of exchange-rate movements on earnings.
  19. FY2020-Q2MitigatedAnnual report

    「Foreign exchange gain - 79」

    The foreign exchange impact changed from a foreign exchange loss of ¥87 million in the same period of the previous year to a foreign exchange gain of ¥79 million in the current cumulative period. The foreign currency translation adjustment also increased by ¥279 million, continuing to mitigate the impact from the direction of a loss and a decline in net assets seen in the previous quarter.
  20. FY2020-Q1MitigatedAnnual report

    「Foreign exchange gain - 3」

    The foreign exchange impact changed from a foreign exchange loss of ¥23 million in the same period of the previous year to a foreign exchange gain of ¥3 million in the current quarter. The foreign currency translation adjustment also increased by ¥443 million, mitigating the impact through the current quarter that had previously been reflected as a loss and a decline in net assets.
  21. FY2019-Q3WorsenedAnnual report

    「Foreign exchange loss - 153」

    Against a foreign exchange gain of ¥82 million in the same period of the previous year, the Company recorded a foreign exchange loss of ¥153 million in the current third-quarter cumulative consolidated period. The foreign currency translation adjustment also declined by ¥2,121 million, with the exchange-rate impact increasing as a loss and a decline in net assets.
  22. FY2019-Q2WorsenedAnnual report

    「Foreign exchange loss - 87」

    Against a foreign exchange gain of ¥77 million in the same period of the previous year, the Company recorded a foreign exchange loss of ¥87 million in the current cumulative period. The foreign currency translation adjustment also declined by ¥1,460 million, with the impact of exchange rates continuing to be reflected as a loss and a decline in net assets, following the previous quarter.
  23. FY2019-Q1The foreign exchange gain changed to a foreign exchange loss, while the foreign currency translation adjustment also declinedAnnual report

    「The foreign currency translation adjustment and valuation difference on other securities declined by ¥1,089 million and ¥703 million, respectively」

    The Company recorded a foreign exchange loss of ¥23 million in non-operating expenses for the quarter, changing from a foreign exchange gain of ¥70 million in the same period of the previous year to a loss. The foreign currency translation adjustment also declined by ¥1,089 million, with the impact of exchange-rate movements reflected in results.
  24. FY2018Quantification of the overseas sales ratio, exchange-rate sensitivity and impact on operating profitAnnual report

    「Overseas sales accounted for 70.2% of consolidated net sales in the fiscal year ended September 2016, 70.6% in the fiscal year ended September 2017 and 71.0% in the fiscal year ended September 2018, representing a high proportion.」

    The overseas sales ratio rose to 71.0%. Operating profit sensitivity was ¥200 million per ¥1 movement in the US dollar, ¥100 million for the euro and ¥600 million for the Chinese yuan, while the exchange-rate impact included in operating profit was ¥1,199 million.
  25. FY2018-Q3The foreign exchange gain narrowed further, while the foreign currency translation adjustment also declinedAnnual report

    「Foreign exchange gains 82」

    The non-operating foreign exchange gain narrowed from ¥531 million in the same period of the previous year to ¥82 million. The foreign currency translation adjustment also declined from ¥1,210 million at the end of the previous consolidated fiscal year to ¥505 million.
  26. FY2018-Q2The foreign exchange gain narrowed amid a stronger yen, while the foreign currency translation adjustment also declinedAnnual report

    「The outlook remained uncertain, including as the yen continued to appreciate toward the end of March.」

    The stronger-yen trend was again evident, with the non-operating foreign exchange gain narrowing from ¥527 million in the same period of the previous year to ¥77 million, while the foreign currency translation adjustment declined from ¥1,210 million to ¥263 million.
  27. FY2017-Q3Shift from foreign exchange losses to foreign exchange gainsAnnual report

    「Foreign exchange gain - 531」

    Against a foreign exchange loss of ¥763 million in the same period of the previous year, the Company recorded a foreign exchange gain of ¥531 million in the current third-quarter cumulative consolidated period, indicating a change in how the impact of exchange-rate movements is reflected in earnings.
  28. FY2017-Q2RestatedAnnual report

    「The outlook for the economy remained difficult due to concerns over political developments in Europe and the United States and volatile foreign exchange markets.」

    References to volatile foreign exchange markets continued, and the electronic tube business reported declines in products for blood analysis and X-ray scintillators due to foreign exchange effects.
  29. FY2017-Q1RestatedAnnual report

    「Revenue was adversely affected as the yen was stronger than in the same period of the previous year.」

    The adverse impact of yen appreciation on revenue continued to be reported.
  30. FY2016-Q3First statedAnnual report

    「The yen appreciated amid uncertainty in the global economy, and conditions remained difficult.」

    A foreign exchange loss of ¥763 million and a decrease of ¥5,697 million in the foreign currency translation adjustment account were reported, indicating that the effects of yen appreciation had materialized in the results.
Moved together

"Proactive Capital Investment for Future Growth" moved the same way as this thread, in the same document, in 14 of its 30 moves.

1498887★123456
  1. ★This thread
  2. 1Proactive Capital Investment for Future Growth14×
  3. 2Declines in operating profit, ordinary profit and net income despite a slight increase in revenue9×
  4. 3Expansion of photosemiconductors for medical, automotive, and baggage inspection applications8×
  5. 4Expansion of Image Measurement Equipment Through High-Resolution, High-Sensitivity Products8×
  6. 5Capturing Demand in Overseas Markets8×
  7. 6Securing Revenue and Profit7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Hamamatsu Photonics K.K. yet. It last moved in the Revisions to earnings forecasts of 2026-05-14: "Mitigated".
News
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Impact of Yen Appreciation and Foreign Exchange Movements on Earnings and Net Assets | HAMAMATSU PHOTONICS K.K. (6965) | Komori