Risks associated with foreign-exchange fluctuations and hedging transactions
First written in FY2016. 11 of 27 entries say "Mitigated", first in FY2018-Q2. Latest entry: 2026-11-10.
Musashi Seimitsu Industry moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 28 of 51 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- 2026-11-10WorsenedResults
「為替差益 652 － 為替差損 － 433」
前年同期の為替差益652百万円から、当中間期は為替差損433百万円へ転じ、損益影響が悪化している。 - FY2027-H1WorsenedAnnual report
「Foreign exchange loss 433」
In the current interim consolidated accounting period, foreign exchange losses amounted to ¥433 million, worsening the impact on earnings from foreign exchange gains of ¥652 million in the same period of the previous year. - FY2026MitigatedAnnual report
「Foreign exchange gains amounted to ¥1,910 million.」
Foreign exchange losses of ¥516 million in the previous fiscal year turned into foreign exchange gains of ¥1,910 million in the current fiscal year, with the impact of currency movements on earnings trending favorably in the current fiscal year. - FY2026-H1MitigatedAnnual report
「Foreign exchange gains 652」
Foreign exchange gains amounted to ¥652 million in the interim consolidated accounting period, improving the earnings impact from foreign exchange losses of ¥1,249 million in the same period of the previous fiscal year. - FY2025WorsenedAnnual report
「Foreign exchange losses amounted to ¥516 million.」
Foreign exchange gains of ¥49 million in the previous fiscal year turned into foreign exchange losses of ¥516 million in the current fiscal year, worsening the impact of currency movements on earnings. - FY2025-H1WorsenedAnnual report
「Foreign exchange losses 1,249」
The interim consolidated accounting period recorded foreign exchange losses of ¥1,249 million, representing a deterioration in the earnings impact of currency movements from foreign exchange gains of ¥997 million in the same period of the previous fiscal year. - FY2024-Q3MitigatedAnnual report
「(The Americas) Sales were ¥73,032 million, up 47.8% year on year, and segment profit was ¥2,593 million, compared with a loss of ¥261 million in the same period of the previous year, reflecting increased customer demand, the passing on of higher material costs through selling prices, and the impact of the weaker yen, among other factors.」
The weaker yen is cited as a factor behind higher sales in the Americas, with the segment moving from a loss in the same period of the previous fiscal year to a profit. The impact of currency movements on performance during the period has shifted toward improvement from the adverse effects emphasized in earlier disclosures. - FY2023-Q2WorsenedAnnual report
「Inflation in steel, energy and freight costs, among other areas, is continuing, and uncertainty over the outlook for the global economy is increasing further, including due to the rapid depreciation of the yen.」
The rapid depreciation of the yen is explicitly identified as an external uncertainty factor relating to currency movements. Meanwhile, foreign exchange gains of ¥1,074 million were also recorded for the cumulative current-quarter period. - FY2023-Q1MitigatedAnnual report
「Foreign exchange gains 950」
Foreign exchange losses of ¥161 million in the same period of the previous fiscal year turned into foreign exchange gains of ¥950 million in the current quarter, reducing the adverse impact of currency movements on earnings. - FY2022MitigatedAnnual report
「Foreign exchange gains amounted to ¥1,061 million.」
The impact of currency movements improved earnings, as foreign exchange gains increased from ¥499 million in the previous fiscal year to ¥1,061 million in the current fiscal year. - FY2022-Q2MitigatedAnnual report
「Foreign exchange losses amounted to ¥494 million.」
Foreign exchange losses decreased from ¥611 million in the same period of the previous fiscal year to ¥494 million, reducing the adverse impact of currency movements on earnings year on year. - FY2022-Q1WorsenedAnnual report
「Foreign-exchange losses amounted to ¥161 million.」
Foreign exchange gains of ¥23 million in the first quarter of the previous fiscal year turned into foreign exchange losses of ¥161 million in the first quarter of the current fiscal year, indicating that the adverse impact of currency movements on earnings has re-emerged. - FY2021MitigatedAnnual report
「Foreign-exchange gains 499」
Foreign-exchange losses of ¥629 million in the previous fiscal year changed to foreign-exchange gains of ¥499 million in the current fiscal year, reducing the adverse impact of foreign-exchange movements on profit and loss. - FY2021-Q3MitigatedAnnual report
「Foreign-exchange losses 176」
Foreign-exchange losses during the cumulative third quarter of the fiscal year were ¥176 million, down from ¥320 million in the same period of the previous year. The adverse impact of foreign-exchange movements on profit and loss decreased year on year. - FY2021-Q2WorsenedAnnual report
「Foreign-exchange losses amounted to ¥611 million.」
Foreign-exchange losses increased from ¥326 million in the same period of the previous year to ¥611 million, magnifying the adverse impact of foreign-exchange movements on performance. - FY2021-Q1MitigatedAnnual report
「Foreign-exchange gains 23」
Foreign-exchange losses of ¥221 million in the same period of the previous year changed to foreign-exchange gains of ¥23 million in the first quarter, temporarily reducing the adverse impact of foreign-exchange movements on profit and loss. - FY2020MaterialisedAnnual report
「Foreign-exchange losses amounted to ¥629 million.」
Foreign-exchange risk materialised in current-year performance as foreign-exchange losses of ¥629 million. - FY2020-Q3WorsenedAnnual report
「Foreign-exchange losses amounted to ¥320 million.」
Foreign-exchange gains of ¥210 million in the same period of the previous year shifted to foreign-exchange losses of ¥320 million during the cumulative third quarter, making the adverse impact of foreign-exchange movements on performance apparent again. - FY2020-Q2WorsenedAnnual report
「Foreign-exchange losses amounted to ¥326 million.」
Foreign-exchange gains of ¥414 million in the same period of the previous year shifted to foreign-exchange losses of ¥326 million in the cumulative period under review, showing that the adverse impact of foreign-exchange movements on performance had re-emerged. - FY2019MaterialisedAnnual report
「Against this backdrop, sales increased in all regions during the fiscal year, despite the impact of weaker local currencies in Asia and South America,」
Foreign-exchange risk continued to materialise in current-year performance through the impact of weaker local currencies in Asia and South America. - FY2019-Q1RestatedAnnual report
「Consolidated net sales during the cumulative first quarter of the fiscal year increased to ¥64,469 million, up 14.0% year on year, due to the impact of yen depreciation in Europe and higher sales across all regions.」
Foreign-exchange movements continued to affect performance, with yen depreciation identified as a factor behind higher sales in Europe during the quarter. - FY2018MitigatedAnnual report
「Against this backdrop, consolidated net sales for the fiscal year rose substantially to ¥237,910 million, up 31.8% from the previous fiscal year, due to the addition of HAY Group's full-year results, compared with only half-year results in the previous fiscal year, the positive effect of yen depreciation and higher sales in Asia,」
The impact of yen appreciation and foreign-exchange losses that weighed on performance in the previous fiscal year is described as having shifted to a positive effect from yen depreciation and a factor behind higher sales in the current fiscal year. - FY2018-Q2MitigatedAnnual report
「Consolidated ordinary profit was ¥6,147 million, up 145.3% year on year, due to the positive effect of yen depreciation and the absence of the foreign-exchange losses recorded in the previous fiscal year.」
The impact of foreign-exchange losses incurred in the previous fiscal year disappeared, and the positive effect of yen depreciation also contributed, reducing the adverse impact of foreign-exchange movements on profit during the quarter. - FY2017-Q3RestatedAnnual report
「Next, consolidated net sales increased by ¥2,565 million, or 2.1%, year on year to ¥125,240 million. Although the addition of HAY Group's results and higher sales in Asia, particularly China and Indonesia, contributed to growth, the increase was limited by the impact of yen appreciation. Consolidated operating profit declined by ¥3,176 million, or 32.7%, year on year to ¥6,547 million. Although HAY Group and Asian subsidiaries contributed to profit, the decline reflected yen appreciation and amortisation of intangible assets and goodwill associated with the acquisition.」
The impact of yen appreciation continued to restrain sales growth and weigh on operating profit. There was no change in the nature of the impact from the previous quarter, and the results reaffirm the existing effect of foreign-exchange movements. - FY2017-Q2WorsenedAnnual report
「All segments were significantly affected by yen appreciation. Consolidated ordinary profit was ¥2,506 million, down 47.5% year on year, largely due to a substantial increase in non-operating expenses from foreign-exchange losses. Net income attributable to owners of the parent was ¥1,617 million, down 51.9%.」
The impact of yen appreciation extended across all segments, and foreign-exchange losses amounted to ¥2,497 million. These losses also contributed to declines in ordinary profit and profit attributable to owners of the parent, making the impact of foreign-exchange risk on performance even clearer. - FY2017-Q1MaterialisedAnnual report
「The overseas regions were significantly affected by the impact of yen appreciation on foreign-exchange translation. Consolidated ordinary profit was ¥592 million, down 78.5% year on year, largely due to foreign-exchange losses associated with the acquisition of HAY HOLDING GmbH.」
The previously identified foreign-exchange risk materialised in actual performance through its impact on the yen translation of overseas sales and profit and foreign-exchange losses associated with the acquisition. - FY2016First statedAnnual report
「Foreign-exchange rate fluctuations affect the financial position, operating performance and competitiveness of the Group, and will affect the Group's performance over the long term.」
The report describes the adverse impact of yen appreciation, risk mitigation through forward foreign-exchange contracts and other measures, and the risk of default by hedge counterparties.