Impact of Exchange Rate Movements on Competitiveness and Performance
First written in FY2016. 21 of 31 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-08-05.
The whole theme swung hardest in 2025: 73 of 159 companies on the "Worse" side.
- 2026-08-05MaterialisedRevision to earnings forecasts
「2027 年 3 月期第 1 四半期連結会計期間において、為替レートが想定より円安水準で推移したことに加え、今後の市場環境を勘案し、通期の為替前提を 1 米ドル＝145 円から 155 円に見直しました。これにより、段階利益はいずれも 2026 年５月 14 日に公表した業績予想を上回る見込みとなり、2027 年３月期通期連結業績予想を上記の通り、上方修正しました。」
為替変動が通期の為替前提の見直しと業績予想の上方修正要因として開示された。 - FY2026MitigatedAnnual report
「Impact on profit before tax (2,046)」
A 1% appreciation of the yen against the US dollar would reduce profit before tax by ¥2.0460 billion, slightly below the ¥2.1620 billion reduction in the previous fiscal year. - 2026-05-14MaterialisedRevision to earnings forecasts
「税引前利益、当期利益、親会社の所有者に帰属する当期利益につきましては、上記に加え、金融収益及び金融費用における為替差損益の影響などによるものです。」
為替影響および為替差損益が、2026年3月期の営業利益ならびに税引前利益等の予想値と実績値との差異の要因として実績に現れている。 - FY2026-H1MaterialisedAnnual report
「Despite growth in the motorcycle business, consolidated revenue for the interim period declined 1.5% year on year to ¥10.6326 trillion, due mainly to the negative impact of foreign currency translation.」
The negative impact of foreign currency translation appeared in actual performance as a factor reducing consolidated revenue for the interim period. - FY2025MitigatedAnnual report
「Impact on profit before tax (2,162)」
A 1% appreciation of the yen against the US dollar would reduce profit before tax by ¥2.1620 billion, a decrease from the ¥4.1380 billion reduction in the previous fiscal year. - FY2025-H1MaterialisedAnnual report
「Consolidated revenue for the interim period increased 12.4% year on year to ¥10.7976 trillion, due mainly to growth in the motorcycle and automobile businesses and the positive impact of foreign currency translation.」
The positive impact of foreign currency translation appeared in actual performance as a factor increasing consolidated revenue for the interim period, and foreign exchange fluctuations continue to affect performance. - FY2024WorsenedAnnual report
「Impact on profit before tax (4,138)」
A 1% appreciation of the yen against the US dollar would reduce profit before tax by ¥4.1380 billion, and sensitivity increased from the ¥2.6960 billion reduction in the previous fiscal year. - FY2024-Q3MaterialisedAnnual report
「Consolidated revenue for the first nine months increased 19.8% year on year to ¥14.9994 trillion, due mainly to growth in the automobile business and the positive impact of foreign currency translation.」
The positive impact of foreign currency translation appeared in actual performance as a factor increasing consolidated revenue for the first nine months, indicating that foreign exchange fluctuations continue to affect performance. - FY2024-Q2MaterialisedAnnual report
「Consolidated revenue for the first six months increased 18.9% year on year to ¥9.6093 trillion, due mainly to growth in the automobile business and the positive impact of foreign currency translation.」
The positive impact of foreign currency translation appeared in actual performance as a factor increasing consolidated revenue, indicating that foreign exchange fluctuations continue to affect performance. - FY2024-Q1MaterialisedAnnual report
「Consolidated revenue for the first quarter increased 20.8% year on year to ¥4.6249 trillion, due mainly to growth in the automobile business and the positive impact of foreign currency translation.」
The positive impact of foreign currency translation appeared in actual performance as a factor increasing consolidated revenue in the first quarter, indicating that foreign exchange fluctuations affect performance. - FY2023WorsenedAnnual report
「Impact on profit before tax (2,696)」
A 1% appreciation of the yen against the US dollar would reduce profit before tax by ¥2.6960 billion, and sensitivity increased from the ¥1.7800 billion reduction in the previous fiscal year. - FY2023-Q3MaterialisedAnnual report
「Consolidated revenue for the first nine months of the current fiscal year increased 17.3% year on year to ¥12.5234 trillion, reflecting an increase in the motorcycle business and the positive impact of foreign currency translation.」
The positive impact of foreign currency translation appeared in actual performance as a factor increasing consolidated revenue. The impact of foreign exchange fluctuations continued to appear in performance, but in this quarter it increased revenue. - FY2023-Q2MaterialisedAnnual report
「Consolidated revenue for the first six months of the current fiscal year increased 15.7% year on year to ¥8.0853 trillion, reflecting an increase in the motorcycle business and the positive impact of foreign currency translation.」
The positive impact of foreign currency translation appeared in actual performance as a factor increasing consolidated revenue. The impact of foreign exchange fluctuations continued to appear in performance, but in this quarter it increased revenue. - FY2023-Q1MaterialisedAnnual report
「Despite a decline in the automobile business, consolidated revenue for the first quarter increased 6.9% year on year to ¥3.8295 trillion, due mainly to growth in the motorcycle business and the positive impact of foreign currency translation.」
The positive impact of foreign currency translation appeared in actual performance as a factor increasing consolidated revenue in the first quarter. - FY2022WorsenedAnnual report
「Impact on profit before tax (1,780)」
A 1% appreciation of the yen against the US dollar would reduce profit before tax by ¥1.7800 billion, and sensitivity increased from the ¥1.0970 billion reduction in the previous fiscal year. - FY2021WorsenedAnnual report
「Operating profit increased ¥26.5 billion, or 4.2%, year on year to ¥660.2 billion, due mainly to lower selling, general and administrative expenses and the effects of cost reductions, despite lower profit from changes in sales volume and product mix. Excluding the approximately ¥47.1 billion negative impact of foreign exchange, the estimated increase in profit is approximately ¥73.6 billion.」
The impact of foreign exchange reduced full-year operating profit by approximately ¥47.1 billion. Foreign exchange sensitivity also increased, with a 1% appreciation of the yen against the US dollar reducing profit before tax by ¥1,097 million, compared with a ¥828 million reduction in the previous fiscal year. - FY2020MaterialisedAnnual report
「Operating profit declined ¥92.7 billion, or 12.8%, year on year to ¥633.6 billion, due mainly to lower profit from changes in sales volume and product mix and foreign exchange effects, despite lower selling, general and administrative expenses and the effects of cost reductions. Excluding the approximately ¥105.8 billion negative impact of foreign exchange, the estimated increase in profit is approximately ¥13.1 billion.」
The impact of foreign exchange appeared in actual performance as an approximately ¥105.8 billion factor reducing full-year operating profit. - FY2020-Q3MaterialisedAnnual report
「Operating profit declined 6.5% year on year to ¥639.2 billion, due mainly to lower profit from changes in sales volume and product mix and foreign exchange effects, despite lower selling, general and administrative expenses and the effects of cost reductions.」
The impact of foreign exchange appeared in the results for the first nine months as a factor reducing operating profit, which declined 6.5% year on year. The disclosure also describes the negative impact of foreign currency translation on revenue. - FY2020-Q2MaterialisedAnnual report
「Operating profit declined 8.0% year on year to ¥472.6 billion, due mainly to lower profit from changes in sales volume and product mix and foreign exchange effects, despite the effects of cost reductions.」
The impact of foreign exchange appeared in the results for the first six months as a factor reducing operating profit, which declined 8.0% year on year. The disclosure also describes the negative impact of foreign currency translation on revenue. - FY2020-Q1MaterialisedAnnual report
「Operating profit declined 15.7% year on year to ¥252.4 billion, due mainly to lower profit from changes in sales volume and product mix and foreign exchange effects, despite the effects of cost reductions.」
The impact of foreign exchange appeared in the first quarter’s results as a factor reducing operating profit, which declined 15.7% year on year. - FY2019MaterialisedAnnual report
「Operating profit declined ¥107.1 billion, or 12.9%, year on year to ¥726.3 billion, due mainly to the impact in Europe associated with changes to the automobile production system and foreign exchange effects, despite the effects of cost reductions and the absence of the class-action settlement payment recorded in the previous fiscal year. Excluding the approximately ¥160.3 billion negative impact of foreign exchange, the estimated increase in profit is approximately ¥53.1 billion.」
The impact of foreign exchange appeared in actual performance as an approximately ¥160.3 billion factor reducing full-year operating profit. - FY2019-Q3MaterialisedAnnual report
「Operating profit declined 3.2% year on year to ¥684.0 billion, due mainly to higher selling, general and administrative expenses and foreign exchange effects, despite the effects of cost reductions and the absence of the class-action settlement payment recorded in the year-ago period.」
The impact of foreign exchange appeared in the results for the first nine months as a factor reducing operating profit, which declined 3.2% year on year. - FY2018MaterialisedAnnual report
「For the fiscal year, consolidated revenue increased 9.7% year on year to ¥15,361.1 billion, reflecting growth across all businesses and the positive impact of foreign currency translation, among other factors.」
The positive impact of foreign currency translation appeared in actual performance as a factor increasing full-year revenue. - FY2018-Q3RestatedAnnual report
「For the nine-month period ended the third quarter, consolidated revenue increased 11.8% year on year to ¥11,446.4 billion, reflecting growth across all businesses and the positive impact of foreign currency translation, among other factors.」
The impact of foreign currency translation continued to appear in actual performance and is described this time as a factor increasing revenue. - FY2018-Q2MaterialisedAnnual report
「Consolidated revenue for the first six months increased 11.2% year on year to ¥7.4892 trillion, due mainly to growth across all businesses and the positive impact of foreign currency translation.」
The impact of foreign currency translation appeared this time as a factor increasing revenue. Revenue increased 11.2% year on year, representing a shift from the negative impact on revenue described in previous quarters. - FY2018-Q1MaterialisedAnnual report
「Consolidated revenue for the first quarter increased 7.0% year on year to ¥3.7130 trillion, due mainly to higher revenue from the financial services and motorcycle businesses and the positive impact of foreign currency translation.」
The impact of foreign currency translation appeared in first-quarter results, but unlike the negative impact on revenue in the year-ago period, it is described this time as having increased revenue. - FY2017MaterialisedAnnual report
「Operating profit increased ¥337.3 billion, or 67.0%, year on year to ¥840.7 billion, due mainly to lower selling, general and administrative expenses, including quality-related costs, the effects of cost reductions, higher profit from changes in sales volume and product mix, and the impact of revisions to the pension plan, despite higher research and development expenses and foreign exchange effects. Excluding the approximately ¥283.2 billion negative impact of foreign exchange, the estimated increase in profit is approximately ¥620.5 billion.」
The impact of foreign exchange appeared in actual performance as an approximately ¥283.2 billion factor reducing full-year operating profit. - FY2017-Q3RestatedAnnual report
「Despite increases in revenue from the automobile, financial services and motorcycle businesses, consolidated revenue for the first nine months declined 6.5% year on year to ¥10.2357 trillion, due mainly to the negative impact of foreign currency translation on revenue.」
The negative impact of foreign currency translation continued to appear in actual performance, and consolidated revenue declined 6.5% year on year. - FY2017-Q2RestatedAnnual report
「Despite increases in revenue from the automobile, financial services and motorcycle businesses, consolidated revenue for the first six months declined 8.1% year on year to ¥6.7346 trillion, due mainly to the negative impact of foreign currency translation on revenue.」
The negative impact of foreign currency translation continued to appear in actual performance, and consolidated revenue declined 8.1% year on year. - FY2017-Q1MaterialisedAnnual report
「Despite increases in consolidated unit sales in the automobile and motorcycle businesses, consolidated revenue for the first quarter declined 6.3% year on year to ¥3.4717 trillion, due mainly to the negative impact of foreign currency translation on revenue.」
The disclosure states that the negative impact of foreign currency translation appeared in the quarter’s results, resulting in a 6.3% year-on-year decline in revenue. - FY2016First statedAnnual report
「Accordingly, foreign exchange fluctuations affect the Group’s competitiveness by affecting purchase prices and the setting of selling prices, and consequently affect the Group’s performance, financial position and future performance.」
The estimated impact on profit before tax of a 1% appreciation of the yen against the US dollar is a decline of ¥736 million.