Impact on performance from yen appreciation and rapid exchange-rate fluctuations
First written in FY2017-Q1. 13 of 32 entries say "Worsened", first in FY2019-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 73 of 159 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Foreign exchange gain 217 - Foreign exchange loss - 420」
The ¥217 million foreign exchange gain in the previous year changed to a ¥420 million foreign exchange loss in the current fiscal year, indicating a deterioration in the impact of exchange rates. - 2026-05-29WorsenedRevisions to earnings forecasts
「為替差益 217 － 為替差損 － 420」
営業外の為替影響は、前期の為替差益217百万円から当期の為替差損420百万円へ変化している。 - FY2026-H1WorsenedAnnual report
「Foreign exchange gain 335 - Foreign exchange loss - 103」
The ¥335 million foreign exchange gain in the same period of the previous year changed to a ¥103 million foreign exchange loss in the interim consolidated accounting period under review, indicating a deterioration in the impact of exchange rates on non-operating items. - FY2025A foreign exchange gain is recorded while foreign exchange risk continuesAnnual report
「Non-operating income increased from ¥724 million in the previous consolidated fiscal year to ¥851 million, up 17.6% year on year.」
Although a ¥217 million foreign exchange gain was recorded in the current fiscal year, the disclosure continues to describe the risk that exchange-rate movements may affect demand, transaction prices and purchase prices. - FY2025-H1Yen depreciation and a foreign exchange gainAnnual report
「The foreign exchange market became more unstable and the yen depreciated. Foreign exchange gain - 335」
While the disclosure describes increasing instability in the foreign exchange market and yen depreciation, non-operating income changed from a foreign exchange loss in the same period of the previous year to a ¥335 million foreign exchange gain in the interim consolidated accounting period under review. - FY2024-Q3MitigatedAnnual report
「Foreign exchange loss 48 2」
The foreign exchange loss decreased from ¥48 million in the same period of the previous year to ¥2 million, reducing the impact of exchange rates on non-operating items compared with the same period of the previous year. - FY2024-Q2Yen depreciation brings both foreign currency translation gains and higher procurement costsAnnual report
「Although higher raw-material prices and other factors had an impact, operating profit was ¥1.014 billion, up 37.4% year on year, owing to efforts to improve profitability, including higher production efficiency, as well as the impact of foreign currency translation.」
The disclosure states that, despite higher raw-material prices and other factors, the impact of foreign currency translation boosted operating profit in the mobility business. - FY2024-Q1Yen depreciation brings both foreign currency translation gains and higher procurement costsAnnual report
「Although higher raw-material prices and other factors had an impact, operating profit was ¥622 million, up 32.1% year on year, owing to efforts to improve profitability, including higher production efficiency, as well as the impact of foreign currency translation.」
The disclosure states that foreign currency translation, including the effect of yen depreciation, boosted profit in the mobility business, while higher procurement costs resulting from yen depreciation put pressure on profit in the trading and other businesses. - FY2023-Q3WorsenedAnnual report
「Foreign exchange gain 18 - Foreign exchange loss - 48」
Compared with the ¥18 million foreign exchange gain in the same period of the previous year, no foreign exchange gain was recorded during the cumulative third-quarter consolidated period under review, while a ¥48 million foreign exchange loss was recorded. The impact of exchange rates deteriorated. In the aircraft-parts import and sales business, however, the effect of yen depreciation on foreign currency translation contributed to higher sales. - FY2023-Q2WorsenedAnnual report
「Foreign exchange gain 16 - Foreign exchange loss - 160」
Compared with the ¥16 million foreign exchange gain in the same period of the previous year, a ¥160 million foreign exchange loss was recorded during the cumulative second-quarter consolidated period under review, indicating a deterioration in the impact of exchange rates. - FY2023-Q1Yen depreciation boosts aircraft imports and sales, while a foreign exchange loss is recordedAnnual report
「In addition, some import product sales businesses benefited from the substantial depreciation of the yen, and sales in this business amounted to ¥554 million, up 93.0% year on year. Operating profit was ¥138 million, compared with an operating loss of ¥22 million in the same period of the previous year.」
While substantial yen depreciation boosted sales and profit in the aircraft-parts import and sales business, a ¥38 million foreign exchange loss was recorded in the consolidated results, indicating that the impact of exchange rates differed by business. - FY2022WorsenedAnnual report
「Foreign exchange gain 169 122」
The foreign exchange gain decreased from ¥169 million in the previous consolidated fiscal year to ¥122 million, reducing the contribution of exchange-rate gains to non-operating income. At the same time, hedging through forward contracts and other measures continued. - FY2022-Q3WorsenedAnnual report
「Foreign exchange gain 167 18」
The foreign exchange gain decreased from ¥167 million in the same period of the previous year to ¥18 million, reducing the contribution of exchange-rate gains to non-operating income. - FY2022-Q2WorsenedAnnual report
「Foreign exchange gain 159 16」
The foreign exchange gain decreased from ¥159 million in the same period of the previous year to ¥16 million, reducing the contribution of exchange-rate gains to non-operating income compared with the same period of the previous year. - FY2022-Q1WorsenedAnnual report
「Non-operating income Interest received 13 4 Dividends received 65 75 Foreign exchange gain 102 -」
Compared with the ¥102 million foreign exchange gain in the same period of the previous year, no foreign exchange gain was recorded in the first quarter under review, while a separate ¥4 million foreign exchange loss was recorded. The impact of exchange rates deteriorated year on year. - FY2021MitigatedAnnual report
「Non-operating income increased from ¥539 million in the previous consolidated fiscal year to ¥1.019 billion. This was mainly because grant income and a foreign exchange gain were recorded during the consolidated fiscal year under review. Non-operating expenses decreased from ¥1.091 billion in the previous consolidated fiscal year to ¥991 million.」
The foreign exchange loss recorded in the previous fiscal year became a ¥169 million foreign exchange gain in the current fiscal year, and non-operating expenses also decreased. The impact of exchange-rate movements on earnings was reduced from the previous year. - FY2021-Q3MitigatedAnnual report
「Foreign exchange gain － 167」
Compared with the ¥63 million foreign exchange loss in the same period of the previous year, a ¥167 million foreign exchange gain was recorded during the cumulative third-quarter consolidated period under review, indicating an improvement in the impact of exchange rates. - FY2021-Q2MitigatedAnnual report
「Foreign exchange gain - 159」
Compared with the ¥77 million foreign exchange loss in the same period of the previous year, a ¥159 million foreign exchange gain was recorded during the cumulative second-quarter consolidated period under review, indicating an improvement in the impact of exchange rates. - FY2021-Q1MitigatedAnnual report
「Foreign exchange gain - 102」
Compared with the ¥18 million foreign exchange loss in the same period of the previous year, a ¥102 million foreign exchange gain was recorded in the first quarter under review, indicating an improvement in the impact of exchange rates. - FY2020WorsenedAnnual report
「Non-operating income decreased from ¥666 million in the previous consolidated fiscal year to ¥539 million. Non-operating expenses increased from ¥688 million in the previous consolidated fiscal year to ¥1.091 billion. This was mainly because a foreign exchange loss was recorded during the consolidated fiscal year under review.」
A foreign exchange loss was recorded, increasing non-operating expenses from ¥688 million to ¥1.091 billion. The impact of exchange-rate movements was reflected in full-year earnings. - FY2020-Q3WorsenedAnnual report
「Foreign exchange loss 40 63」
The foreign exchange loss increased from ¥40 million in the same period of the previous year to ¥63 million, increasing the impact of exchange rates. - FY2020-Q2MitigatedAnnual report
「Foreign exchange loss 115 77」
The foreign exchange loss decreased from ¥115 million in the same period of the previous year to ¥77 million, reducing the impact of exchange rates compared with the same period of the previous year. - FY2020-Q1MitigatedAnnual report
「Foreign exchange loss 80 18」
The foreign exchange loss decreased from ¥80 million in the same period of the previous year to ¥18 million, reducing the impact of exchange rates compared with the same period of the previous year. - FY2019-Q2WorsenedAnnual report
「Despite the impact of exchange rates and other factors, ordinary profit was ¥1.694 billion, up 0.5% year on year.」
While operating profit increased 17.6% year on year, the increase in ordinary profit was limited to 0.5% because of the impact of exchange rates and other factors. The income statement also recorded a ¥115 million foreign exchange loss. - FY2019-Q1WorsenedAnnual report
「Although net finance income improved, the foreign exchange loss increased, and ordinary profit was ¥1.054 billion, up 13.6% year on year.」
The disclosure states that, while net finance income improved, the foreign exchange loss increased from the same period of the previous year, indicating a deterioration in the impact of exchange rates. - FY2018-Q3RestatedAnnual report
「On the other hand, exchange-rate movements were more moderate than in the same period of the previous year, reducing the impact of exchange rates.」
The company continues to explain that more moderate exchange-rate movements than in the same period of the previous year reduced the impact of exchange rates on the aircraft-parts import and sales business. - FY2018-Q2MitigatedAnnual report
「In addition to the yen weakening toward the end of the period and resulting in a foreign exchange gain, ordinary profit was supported by dividends received from an affiliate and amounted to ¥1.685 billion, up 38.4% year on year.」
The explanation has changed from the previous description of yen appreciation and foreign exchange losses to state that yen depreciation during the quarter resulted in a foreign exchange gain. - FY2018-Q1MitigatedAnnual report
「As exchange-rate movements remained limited compared with the same period of the previous year and the foreign exchange loss decreased, ordinary profit was ¥928 million, up 51.3% year on year.」
The disclosure states that exchange-rate movements remained limited and that the foreign exchange loss decreased from the same period of the previous year. - FY2017MitigatedAnnual report
「To mitigate foreign exchange risk related to these transactions, we match the currencies used for production and sales and implement hedging measures such as foreign exchange forward contracts. However, it is difficult to eliminate all risks,」
The disclosure states that, while foreign exchange risk continues, specific hedging measures are being implemented, including matching the currencies used for production and sales and using foreign exchange forward contracts. The aircraft-parts import and sales business was also affected by exchange-rate movements. - FY2017-Q3RestatedAnnual report
「Ordinary profit was ¥2.017 billion, up 23.3% year on year.」
Although net finance income improved, a ¥121 million foreign exchange loss was recorded, indicating that the impact of exchange-rate movements continued to affect earnings. - FY2017-Q2RestatedAnnual report
「In addition to motorcycle production in emerging markets remaining below the previous year, the impact of yen appreciation resulted in ¥45.62 billion, down 7.2% year on year.」
The company continues to recognize yen appreciation as a factor behind the decline in consolidated net sales. - FY2017-Q1First statedAnnual report
「The yen appreciated rapidly toward the end of the first quarter, partly because the UK decided in June to leave the EU, resulting in a foreign exchange loss. Ordinary profit was ¥613 million, down 25.4% year on year.」
The disclosure states that yen appreciation resulted in a foreign exchange loss and that ordinary profit declined year on year.