Foreign Exchange Rate Risk
First written in FY2016. 11 of 32 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Mazda Motor moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2024: 14 of 32 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2026Contribution of Yen Depreciation to Operating Profit and Ordinary ProfitAnnual report
「The main factors behind changes in operating income were as follows: Tariff impact: down ¥154.9 billion; Units and mix: down ¥31.8 billion; Foreign exchange: +¥10.6 billion; Raw materials, logistics costs and other: down ¥37.7 billion; Cost improvements: +¥36.9 billion; Fixed costs and other: +¥42.4 billion; Total: down ¥134.5 billion」
Foreign exchange contributed ¥10.6 billion to the increase in operating income, while a foreign exchange gain of ¥47.4 billion was recorded outside operating activities. - 2026-05-12Cited as achievedRevision of earnings forecasts
「売上高及び営業利益は、概ね予想通り推移いたしましたが、期末為替レートが対米ドルなどで円安に推移したことによる為替差益の計上等により、経常利益及び親会社株主に帰属する当期純利益が増加いたしました。」
円安による為替差益が、経常利益および親会社株主に帰属する当期純利益の増加要因として実績に引用された。 - FY2026-H1The impact of yen appreciation on operating activities coexists with foreign exchange gains outside operating activitiesAnnual report
「Operating loss amounted to ¥53.9 billion, compared with operating income of ¥103.0 billion in the same period of the previous year, due to the impact of tariffs, yen appreciation and other factors. Ordinary loss amounted to ¥21.3 billion, compared with ordinary income of ¥83.5 billion in the same period of the previous year, due to the recognition of foreign exchange gains and other factors.」
The impact of yen appreciation was a factor behind the operating loss, while a foreign exchange gain of ¥17.964 billion was recorded outside operating activities. The foreign exchange impact is described as moving in different directions at the operating and ordinary income levels. - FY2025Reversal from a full-year foreign exchange gain to a foreign exchange lossAnnual report
「Ordinary income amounted to ¥189.0 billion, down ¥131.1 billion, or 41.0%, from the previous fiscal year, as a foreign exchange loss of ¥22.9 billion was recorded, compared with a foreign exchange gain of ¥54.2 billion in the previous fiscal year, despite the recognition of interest income and other items.」
The direction of the impact reversed from a ¥54.2 billion foreign exchange gain in the previous fiscal year to a ¥22.9 billion foreign exchange loss in the current fiscal year. Meanwhile, yen depreciation is identified as a factor behind a ¥43.9 billion increase in operating income. - FY2024-Q3Cumulative foreign exchange gain narrows, quarterly foreign exchange lossAnnual report
「Foreign exchange gain 26,052」
The foreign exchange gain for the nine months ended the third quarter amounted to ¥26.052 billion, down from ¥42.014 billion on a cumulative basis in the previous quarter. A foreign exchange loss of ¥15.962 billion was recorded for the third-quarter accounting period alone, resulting in different directions for the cumulative and standalone quarterly impacts. - FY2024-Q2Foreign exchange gains continue and increase cumulativelyAnnual report
「Ordinary income amounted to ¥179.2 billion, up ¥68.8 billion, or 62.4%, year on year, due mainly to the recognition of foreign exchange gains and other factors.」
The cumulative second-quarter foreign exchange gain amounted to ¥42.014 billion, up from ¥31.015 billion on a cumulative FY2024-Q1 basis. Foreign exchange movements continue to be identified as a factor behind the increase in ordinary income. - FY2024-Q1Foreign exchange gain continues, downAnnual report
「Foreign exchange gain 31,015」
A foreign exchange gain of ¥31.015 billion was recorded in the first quarter. Although this was down from ¥33.222 billion in the same period of the previous year, the foreign exchange gain continued to contribute to the increase in ordinary income. - FY2023Contribution to higher earnings from yen depreciationAnnual report
「Units and mix: +¥103.4 billion; Foreign exchange: +¥119.2 billion; Cost improvements: down ¥132.0 billion; Fixed costs and other: down ¥43.9 billion; Reclassification to extraordinary loss in the previous fiscal year: down ¥8.9 billion; Total: +¥37.8 billion」
Foreign exchange was a factor behind the ¥119.2 billion increase in full-year operating income. A foreign exchange gain of ¥26.0 billion was also recorded. - FY2023-Q3Quarterly foreign exchange loss, cumulative foreign exchange gainAnnual report
「Foreign exchange gain 19,243」
A foreign exchange gain of ¥19.243 billion was recorded for the nine months ended the third quarter, while a foreign exchange loss of ¥29.349 billion was recorded for the third-quarter accounting period alone. The direction of the foreign exchange impact differed between the cumulative and standalone quarterly results. - FY2023-Q2Increase in Foreign Exchange GainAnnual report
「Foreign exchange gain 48,592」
The first-half foreign exchange gain amounted to ¥48.592 billion, up from the ¥33.222 billion gain in FY2023-Q1. Foreign exchange movements were a factor behind the increase in ordinary income. - FY2023-Q1Quarterly foreign exchange gains expandAnnual report
「Foreign exchange gain 33,222」
A foreign exchange gain of ¥33.222 billion was recorded in the first quarter. The gain increased from ¥2.385 billion in the same period of the previous year and was a factor in ordinary income. - FY2022Increase in full-year foreign exchange gainAnnual report
「Ordinary income amounted to ¥123.5 billion, up ¥95.3 billion, or 337.2%, from the previous fiscal year, mainly due to the recognition of a ¥30.3 billion foreign exchange gain, despite the recognition of a ¥4.1 billion equity-method investment loss.」
Although the direction of the foreign exchange impact had changed on a quarterly basis, the ¥30.3 billion foreign exchange gain became a factor behind the increase in full-year ordinary income. - FY2022-Q3Reversal to a quarterly foreign exchange gainAnnual report
「Foreign exchange gain 7,574」
A foreign exchange gain of ¥7.574 billion was recorded for the nine months ended the third quarter. The direction of the quarterly foreign exchange impact reversed from the foreign exchange loss recorded in the previous quarter's accounting period. - FY2022-Q2Quarterly foreign exchange losses continue but narrowAnnual report
「Foreign exchange loss 324」
A foreign exchange loss of ¥324 million was recorded in the second-quarter accounting period. On a cumulative second-quarter basis, a foreign exchange gain of ¥2.061 billion was recorded, down from the gain in the previous quarter on a cumulative basis, while the quarterly result was a loss. - FY2022-Q1Foreign exchange gain continues, downAnnual report
「Foreign exchange gain 2,385」
A foreign exchange gain of ¥2.385 billion was recorded in the first quarter. Although this was down from the ¥4.344 billion gain recorded in the same period of the previous year, the direction changed from the foreign exchange loss recorded in the immediately preceding second quarter. - FY2021-Q2Reversal to a quarterly foreign exchange lossAnnual report
「Foreign exchange loss 4,435」
After a foreign exchange gain was recorded in the first quarter, a foreign exchange loss of ¥4.435 billion was recorded in the second-quarter accounting period. On a cumulative second-quarter basis, a foreign exchange loss of ¥91 million was recorded, indicating another change in the direction of the foreign exchange impact. - FY2021-Q1Foreign-Exchange Gains RecognizedAnnual report
「Ordinary loss amounted to ¥41.8 billion, mainly due to the recognition of foreign exchange gains, compared with ordinary income of ¥9.1 billion in the same period of the previous year.」
While a foreign exchange loss was recorded as a non-operating expense in the same period of the previous year, a foreign exchange gain of ¥4.344 billion was recorded in the current quarter, reversing the direction of the foreign exchange impact. - FY2020WorsenedAnnual report
「Units and mix: ¥18.3 billion; Foreign exchange: down ¥68.3 billion; Cost improvements: ¥26.0 billion; R&D expenses: down ¥0.3 billion; Other: down ¥14.4 billion; Total: down ¥38.7 billion」
The ¥68.3 billion foreign exchange impact was identified as a major factor behind the decline in full-year operating income. The impact increased from ¥38.1 billion in the previous fiscal year. - FY2020-Q3MaterialisedAnnual report
「In the consolidated results of the Group for the nine months ended the third quarter, net sales amounted to ¥2,556.3 billion, down ¥65.0 billion, or 2.5%, year on year, mainly due to the impact of yen appreciation.」
The impact of yen appreciation continues to be identified as the main factor behind the 2.5% year-on-year decline in cumulative net sales, and foreign exchange risk materialized in the results. The impact of yen appreciation was also identified as a factor behind the decline in operating income. - FY2020-Q2MaterialisedAnnual report
「Net sales amounted to ¥1,706.6 billion, down ¥22.5 billion, or 1.3%, year on year, mainly due to the impact of yen appreciation.」
The impact of yen appreciation was a factor behind the decline in first-half net sales, and the impact of yen appreciation and other factors also materialized as factors behind the decline in operating income. - FY2020-Q1MaterialisedAnnual report
「Operating profit was ¥7.0 billion, down ¥25.7 billion, or 78.8%, year on year, due to lower shipments and the impact of a stronger yen, despite the effects of controlling selling expenses and cost improvement activities.」
The impact of yen appreciation continued to materialize as a factor behind the decline in operating income. A foreign exchange loss of ¥2.522 billion was recorded in the quarterly consolidated income statement. - FY2019MaterialisedAnnual report
「The main factors behind changes in operating income were as follows: Units and model mix: down ¥14.7 billion; Foreign exchange: down ¥38.1 billion; Cost improvements: up ¥19.8 billion」
The ¥38.1 billion impact of foreign exchange was quantified as a factor behind the decline in full-year operating income, and the impact of yen appreciation continued to materialize in the results. - FY2019-Q3MaterialisedAnnual report
「Operating profit was ¥59.6 billion, down ¥47.5 billion, or 44.4%, year on year, due to higher selling expenses resulting from intensifying competition and the effects of foreign exchange, despite increased shipments and the effects of cost improvement activities.」
The impact of foreign exchange is identified as a factor behind the decline in operating income, and a foreign exchange loss of ¥2.128 billion was recorded in the quarterly consolidated income statement. - FY2019-Q2MaterialisedAnnual report
「Operating profit was ¥30.9 billion, down ¥45.6 billion, or 59.6%, year on year, due to higher selling expenses resulting from intensifying competition, the effects of foreign exchange and the recognition of quality-related expenses, despite increased shipments and the effects of cost improvement activities.」
The impact of foreign exchange is identified as one of the factors behind the decline in operating income, and foreign exchange risk continues to materialize in the results. The impact attributable solely to foreign exchange is not disclosed. - FY2019-Q1MaterialisedAnnual report
「Operating profit was ¥33.1 billion, down ¥6.8 billion, or 17.2%, year on year, due to higher selling expenses resulting from intensifying competition and the effects of foreign exchange rates, despite increased shipments and the effects of cost improvement activities.」
The impact of foreign exchange is identified as a factor behind the decline in operating income, and a foreign exchange loss of ¥2.0 billion was also recorded in the quarter. Foreign exchange risk materialized in the results. - FY2018-Q3RestatedAnnual report
「In the consolidated results of the Group for the nine months ended the third quarter, net sales amounted to ¥2,547.9 billion, up ¥199.3 billion, or 8.5%, year on year, due to the impact of yen depreciation and other factors.」
As in the previous quarter, the impact of yen depreciation, rather than the downward impact of yen appreciation, is identified as a factor behind the increase in net sales. - FY2018-Q2Shift to the impact of yen depreciationAnnual report
「In the consolidated results of the Group for the six months ended the second quarter, net sales amounted to ¥1,656.6 billion, up ¥110.3 billion, or 7.1%, year on year, due to the impact of yen depreciation and other factors.」
Unlike the downward impact of yen appreciation noted through the previous filing, the current filing identifies the impact of yen depreciation as a factor behind the increase in net sales, indicating a change in the direction of the foreign exchange impact. - FY2017MaterialisedAnnual report
「In the consolidated results of the Group, net sales amounted to ¥3,214.4 billion, down ¥192.2 billion, or 5.6%, from the previous fiscal year, due to the impact of yen appreciation.」
Full-year net sales declined 5.6% year on year due to the impact of yen appreciation, and foreign exchange risk materialized in the full-year results. - FY2017-Q3MaterialisedAnnual report
「For the Group’s consolidated results for the first nine months of the current fiscal year, revenue was ¥2.3486 trillion, down ¥199.2 billion, or 7.8%, year on year, mainly due to the impact of yen appreciation on exchange rates.」
Cumulative revenue fell 7.8% year on year due to the impact of yen appreciation and other factors, with foreign-exchange volatility risk continuing to appear in performance. - FY2017-Q2MaterialisedAnnual report
「For the Group’s consolidated results for the first six months of the current fiscal year, revenue was ¥1.5463 trillion, down ¥154.2 billion, or 9.1%, year on year, mainly due to the impact of yen appreciation on exchange rates.」
The impact of yen appreciation pushed down revenue, resulting in a 9.1% year-on-year decline. - FY2017-Q1MaterialisedAnnual report
「For the Group’s consolidated results, revenue was ¥776.2 billion, down ¥29.8 billion, or 3.7%, year on year, despite increased sales of new-generation products, partly due to the impact of yen appreciation on exchange rates.」
Yen appreciation pushed down revenue, and foreign-exchange losses of ¥13.546 billion were also recorded during the quarter, demonstrating that foreign-exchange volatility risk had appeared in performance. - FY2016First statedAnnual report
「The outlook has become uncertain, with the exchange rate trending toward yen appreciation since the beginning of the year.」
The disclosure cites yen appreciation and a foreign-exchange loss of ¥16 billion for the period, and also notes that hedging through forward exchange contracts is being conducted.