Impact of foreign exchange movements on operating results and competitiveness

「The historically weak yen continues, and its impact on the Group is basically positive. However, if the yen changes rapidly from weakening to strengthening, translation losses on foreign-currency-denominated assets will arise, so we will continue adjusting our assets while monitoring exchange rates.」

「For the full-year earnings forecast, ordinary profit increased 48.4% from the previous forecast due to the impact of foreign exchange translation resulting from the weaker yen.」

「Foreign exchange gains 13,131」

「The ¥88 million foreign exchange loss, a reversal from the foreign exchange gain in the same period of the previous fiscal year, resulted in ordinary income of ¥513 million, down 61.9% year on year.」

「Although the yen-equivalent value of these foreign-currency assets increased with the recent substantial weakening of the yen, we are currently converting foreign-currency assets into yen assets to hedge the impact of losses if the yen strengthens, and will continue reducing foreign-currency assets while monitoring exchange rates.」

「Ordinary income declined to ¥183 million as the ¥140 million foreign exchange gain decreased due to the yen being stronger at the end of December than at the end of September」

「Ordinary income was ¥1,348 million, up 82.7% year on year, partly due to a ¥323 million foreign exchange gain」

「Ordinary income was ¥405 million, down 73.5% year on year, due to a ¥149 million foreign exchange gain」

「Ordinary income was ¥737 million, down 31.2% year on year, due to a ¥486 million foreign exchange gain」

「Ordinary income was ¥353 million, down 45.9% year on year, due in part to a ¥360 million foreign exchange gain resulting from a substantial weakening of the yen from the beginning of the fiscal year.」

「Although employment adjustment subsidies recorded in the previous fiscal year were no longer received, a ¥404 million foreign exchange gain arose due to a substantial weakening of the yen, resulting in ordinary income of ¥1,963 million, up 23.5% from the previous consolidated fiscal year.」

「Due to the weaker yen, a ¥142 million foreign exchange gain arose, and ordinary income was ¥1,531 million, up 104.1% year on year.」

「Foreign exchange gains 41,780」

「Foreign exchange gains 2,111 9,410」

「The company recorded a ¥60 million foreign exchange gain as non-operating income and recorded no foreign exchange loss as a non-operating expense.」

「As sales declined, operating income was ¥516 million, down 46.3% year on year. Although the stronger yen from the beginning of the fiscal year resulted in a ¥110 million foreign exchange loss, ordinary income was ¥750 million, down 29.8% year on year, partly due to income from employment adjustment subsidies.」

「Foreign exchange losses 50,467」

「Foreign exchange gains 2,111」

「Non-operating income included a ¥109 million foreign exchange gain in the previous fiscal year that turned into a ¥93 million foreign exchange loss in the current fiscal year, among other factors, and ordinary income declined 42.0%.」

「Ordinary income was ¥1,069 million, down 43.5% year on year, partly because the ¥86 million foreign exchange gain recorded as non-operating income in the previous fiscal year turned into a ¥56 million foreign exchange loss.」

「Ordinary income declined to ¥713 million, down 48.7% year on year, partly because the ¥169 million foreign exchange gain recorded as non-operating income in the previous fiscal year turned into a ¥102 million foreign exchange loss.」

「Ordinary income was ¥345 million, down 53.6% year on year, due in part to the impact of the stronger yen, which caused foreign exchange gains of ¥84 million in the previous fiscal year to turn into foreign exchange losses of ¥87 million.」

「Ordinary profit increased to ¥2,408 million, up 6.2% from the previous consolidated fiscal year, as a ¥109 million foreign exchange gain arose, reversing the foreign exchange loss recorded in the previous fiscal year.」

「Ordinary profit declined to ¥1,890 million, down 1.3% year on year, partly because the foreign exchange gain outside operating income and expenses fell by half from the end of the second quarter to ¥86 million.」

「Ordinary profit increased to ¥1,390 million, up 10.7% year on year, as a ¥169 million foreign exchange gain arose outside operating income and expenses.」

「Ordinary profit was ¥744 million, up 38.3% year on year, as the yen weakened by approximately ¥4.3 per U.S. dollar at the end of June compared with the end of the previous fiscal year.」

「A ¥165 million foreign exchange loss arose outside operating income and expenses, and ordinary profit declined 6.5%.」

「In addition, ordinary profit declined to ¥1,915 million, down 4.2% year on year, partly because the foreign exchange gain outside operating income and expenses in the previous fiscal year turned into a foreign exchange loss in the current fiscal year.」

「Ordinary profit increased to ¥1,255 million, up 37.3% year on year, because the foreign exchange losses incurred outside operating income and expenses in the previous year declined substantially.」

「As the yen weakened by approximately ¥9 per dollar at the end of June compared with the same period of the previous year, ordinary profit was ¥538 million, up 20.9% year on year.」

「Ordinary profit increased to ¥1,998 million, up 67.6% year on year, as the yen weakened from its level at the beginning of the fiscal year.」

「Although foreign exchange losses were incurred outside operating income and expenses as the yen appreciated, they were offset by the effects of higher sales and improvements, among other factors, and ordinary profit increased to ¥914 million, up 13.0% year on year.」

「As a result of foreign exchange losses caused by the sharp appreciation of the yen from the beginning of the fiscal year, ordinary profit was ¥445 million, up 4.7% year on year.」

「Foreign exchange movements affect the translation into Japanese yen of assets and liabilities arising from the Group’s foreign-currency-denominated transactions. They also affect the prices and yen-denominated sales of products traded in foreign currencies. As a result, they may affect the Group’s competitiveness, operating results and financial condition.」