Dependence on overseas sales and foreign exchange fluctuations
First written in FY2016. 8 of 28 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Subaru moved to the "Worse" side of this theme in 2016, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 29 of 63 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Despite the negative impact on revenue from lower vehicle sales and the US dollar strengthening by ¥2 against the yen, revenue increased by ¥99.2 billion, or 2.1%, from the previous consolidated fiscal year to ¥4.7850 trillion as a result of efforts to improve pricing and sales mix and other factors.」
With foreign exchange exposure resulting from North American revenue accounting for approximately 80%, the US dollar's ¥2 appreciation against the yen appeared in actual results as a factor contributing to lower revenue. - 2026-05-15MaterialisedResults presentation
「An impact of approximately ¥300 billion, including the effect of additional U.S. tariffs, foreign exchange movements, and higher raw-material prices」
The impact of foreign exchange movements was described as an actual impact on business performance of approximately ¥300 billion together with additional U.S. tariffs and higher raw-material prices. - FY2026-H1The impact of foreign exchange turned into a factor contributing to lower revenue.Annual report
「Although revenue was negatively affected by foreign exchange fluctuations and other factors during the six months ended the second quarter, revenue increased by ¥119.5 billion, or 5.3%, year on year to ¥2.3857 trillion due to higher vehicle sales, improved pricing and sales mix, and other factors.」
Foreign exchange fluctuations, previously described as having a positive effect on revenue, were described as having a negative effect during the six months ended the second quarter. Overall revenue increased due to higher vehicle sales and improved pricing and sales mix. - FY2025The positive effect of foreign exchange on revenue coexisted with foreign exchange losses.Annual report
「Although the new Forester and the Crosstrek equipped with a strong hybrid system contributed through pricing, and foreign exchange fluctuations had a positive effect on revenue, revenue declined by ¥17.2 billion, or 0.4%, from the previous consolidated fiscal year to ¥4.6858 trillion due to higher sales incentives, lower vehicle sales and other factors.」
With foreign exchange exposure resulting from North American revenue accounting for approximately 80%, foreign exchange fluctuations had a positive effect on revenue, while a foreign exchange loss of ¥34.9 billion was recorded in financial expenses. - FY2025-H1The positive effect of foreign exchange fluctuations on revenue continued.Annual report
「Revenue for the six months ended the second quarter increased by ¥52.7 billion, or 2.4%, year on year to ¥2.2662 trillion, despite higher sales incentives, lower vehicle sales and other factors, due to the positive effect of foreign exchange fluctuations on revenue, price revisions and other factors.」
With overseas sales and foreign exchange exposure, particularly in North America, foreign exchange fluctuations continued to be described as having a positive effect on revenue in the first half. - FY2024RestatedAnnual report
「North American revenue accounts for approximately 80% of the group's revenue. Revenue, operating profit, assets and other items include amounts denominated in local currencies, mainly US dollars, which are translated into yen when preparing the consolidated financial statements.」
The group continues to have a concentration in North America, which accounts for approximately 80% of revenue, exposure to the performance impact of yen appreciation and depreciation, and a hedging policy using forward exchange contracts and other instruments. - FY2024-Q3The positive effects of foreign exchange fluctuations on revenue and profit continued.Annual report
「Revenue for the nine months ended the third quarter increased by ¥688.4 billion, or 24.5%, year on year to ¥3.4964 trillion, due to higher vehicle sales, the positive effect of foreign exchange fluctuations on revenue and other factors.」
With overseas sales, particularly in North America, and foreign exchange exposure, the positive effect of foreign exchange fluctuations on revenue was also described during the nine months ended the third quarter. - FY2024-Q2The positive effects of foreign exchange fluctuations on revenue and profit continued.Annual report
「Revenue for the six months ended the second quarter increased by ¥462.6 billion, or 26.4%, year on year to ¥2.2135 trillion, due to higher vehicle sales, the positive effect of foreign exchange fluctuations on revenue and other factors.」
With overseas sales, particularly in North America, and foreign exchange exposure, the positive effect of foreign exchange fluctuations on revenue continued in the first half. Operating profit also increased by 68.3% year on year due to the positive effect of foreign exchange fluctuations and other factors. - FY2024-Q1The positive effects of foreign exchange fluctuations on revenue and profit continued.Annual report
「Revenue for the three months ended the first quarter increased by ¥248.0 billion, or 29.7%, year on year to ¥1.0821 trillion, due to higher vehicle sales, the positive effect of foreign exchange fluctuations on revenue and other factors.」
With overseas sales, particularly in North America, and foreign exchange exposure, foreign exchange fluctuations appeared in actual results as a factor contributing to higher revenue in the first quarter. - FY2023The positive effect of yen depreciation on revenue coexisted with foreign exchange losses.Annual report
「Revenue increased by ¥1.0299 trillion, or 37.5%, from the previous consolidated fiscal year to ¥3.7745 trillion, due to higher vehicle sales, improved pricing and sales mix, and the positive effect of foreign exchange fluctuations on revenue.」
With overseas sales, particularly in North America, and foreign exchange exposure, foreign exchange fluctuations contributed to higher revenue for the full year. At the same time, financial expenses included a foreign exchange loss of ¥8.752 billion. - FY2023-Q3The positive effect of foreign exchange fluctuations on revenue continued.Annual report
「Revenue for the nine months ended the third quarter increased by ¥800.5 billion, or 39.9%, year on year to ¥2.8080 trillion, due to the positive effect of foreign exchange fluctuations on revenue, higher vehicle sales, improved pricing and sales mix, and other factors.」
With overseas sales, particularly in North America, and foreign exchange exposure, foreign exchange fluctuations continued to be described as a factor contributing to higher revenue during the nine months ended the third quarter. - FY2023-Q2The positive effect of foreign exchange fluctuations on revenue continued.Annual report
「Revenue for the six months ended the second quarter increased by ¥409.2 billion, or 30.5%, year on year to ¥1.7509 trillion, due to the positive effect of foreign exchange fluctuations on revenue, higher vehicle sales, improved pricing and sales mix, restrained sales incentives and other factors.」
With overseas sales, particularly in North America, and foreign exchange exposure, foreign exchange fluctuations were described as a factor contributing to higher revenue in the first half, following the previous quarter. - FY2023-Q1The positive effects of foreign exchange fluctuations on revenue and profit continued.Annual report
「Revenue for the cumulative first quarter ended was ¥834.1 billion, an increase of ¥198.9 billion, or 31.3%, year on year, due to higher vehicle sales volumes, the positive revenue impact of foreign-exchange movements and other factors. In terms of profit, despite higher raw-material prices and increased expenses and other costs, the positive impact of foreign-exchange movements and higher vehicle sales volumes resulted in operating profit of ¥37.0 billion, up ¥7.4 billion, or 25.2%, year on year.」
With overseas sales, particularly in North America, and foreign exchange exposure, foreign exchange fluctuations appeared in actual results as factors contributing to higher revenue and profit during the quarter. - FY2022RestatedAnnual report
「North American revenue accounts for approximately 70% of the group's revenue. Revenue, operating profit, assets and other items include amounts denominated in local currencies, mainly US dollars, which are translated into yen when preparing the consolidated financial statements.」
The group continues to have a concentration in North America, which accounts for approximately 70% of revenue, along with foreign exchange exposure and a hedging policy using forward exchange contracts and other instruments. For the full year, foreign exchange fluctuations were described as having a positive effect on profit. - FY2022-Q3Foreign exchange fluctuations continued to contribute to higher profit.Annual report
「In terms of profit, although restrained sales incentives and the positive impact of foreign exchange fluctuations had a favorable effect, operating profit declined by ¥21.1 billion, or 21.4%, year on year to ¥77.2 billion due to lower vehicle sales, higher raw material prices and other factors.」
There has been no change in overseas sales or foreign exchange exposure themselves, but during the nine months ended the third quarter, foreign exchange fluctuations were described as having a positive effect. The decline in vehicle sales and higher raw material prices more than offset this effect. - FY2021ReframedAnnual report
「North American revenue accounts for approximately 70% of the group's revenue. Revenue, operating profit, assets and other items include amounts denominated in local currencies, mainly US dollars, which are translated into yen when preparing the consolidated financial statements.」
The disclosure was reorganized from a statement showing the overall proportion of overseas sales to a description of the concentration in its key market, with North American revenue accounting for approximately 70%, and its foreign exchange exposure. - FY2020MaterialisedAnnual report
「This was due to a ¥29.0 billion foreign exchange-rate difference, among other factors, as the exchange rate moved ¥2 stronger against the US dollar.」
Given its dependence on overseas sales and foreign exchange exposure, yen appreciation appeared in actual results as a factor depressing operating profit by approximately ¥29.0 billion. - FY2020-Q3MaterialisedAnnual report
「In terms of profit, although higher vehicle sales and restrained sales incentives had a positive impact, operating profit declined by ¥3.0 billion, or 1.9%, year on year to ¥152.7 billion due to foreign exchange fluctuations and other factors.」
There has been no change in dependence on overseas sales or foreign exchange exposure, but during the nine months ended the third quarter, foreign exchange fluctuations appeared in actual results as a factor depressing operating profit. - FY2019RestatedAnnual report
「Overseas revenue accounts for 81.1% of the Group's total revenue, and revenue, operating profit and assets include items denominated in local currencies, primarily US dollars」
The group remains highly dependent on overseas sales, with the possibility that yen appreciation will affect performance, and continues its hedging policy using forward exchange contracts and other instruments. - FY2019-Q3MaterialisedAnnual report
「Revenue for the 9-month period ended the third quarter was ¥2,377.4 billion, a year-on-year decline of ¥60.3 billion, or 2.5%, due to lower automotive sales volume and lower sales associated with foreign exchange movements.」
Although the Group's exposure to overseas revenue and foreign exchange has not changed, foreign exchange movements emerged this quarter as a factor behind the decline in revenue. - FY2018RestatedAnnual report
「Overseas revenue accounts for 80.4% of the Group's total revenue, …primarily a stronger yen could adversely affect the Group's results and financial position, while a weaker yen could have a positive effect.」
The Group maintains its policy of hedging the high 80.4% dependence on overseas revenue and foreign exchange risk through forward exchange contracts and other measures. - FY2018-Q3RestatedAnnual report
「Revenue for the 9-month period ended the third quarter was ¥2,564.6 billion, an increase of ¥136.7 billion, or 5.6%, year on year, due to higher sales associated with foreign exchange movements and higher automotive sales volume.」
The Group's exposure to overseas revenue and foreign exchange itself has not changed. As in the previous quarter, foreign exchange movements were identified as a factor supporting revenue growth this quarter. - FY2018-Q2RestatedAnnual report
「Revenue for the 6-month period ended the second quarter was ¥1,686.3 billion, an increase of ¥108.7 billion, or 6.9%, year on year, due to higher sales associated with foreign exchange movements and higher automotive sales volume.」
Although the Group's exposure to overseas revenue and foreign exchange itself has not changed, foreign exchange movements were again identified as a factor supporting revenue growth this quarter, as in the previous quarter. - FY2018-Q1Foreign exchange effects became a factor supporting revenue growthAnnual report
「Revenue for the 3-month period ended the first quarter was ¥854.8 billion, an increase of ¥85.4 billion, or 11.1%, year on year, due to higher automotive sales volume and higher sales associated with foreign exchange movements.」
Although the Group's exposure to overseas revenue and foreign exchange itself has not changed materially, foreign exchange movements were described this quarter as a factor supporting revenue growth rather than a factor behind declines in revenue and profit. - FY2017MaterialisedAnnual report
「Overseas revenue accounts for 80.4% of the Group's total revenue, …primarily a stronger yen could adversely affect the Group's results and financial position, while a weaker yen could have a positive effect.」
Overseas revenue accounted for 80.4%, and revenue and operating profit were depressed during the fiscal year by a substantial appreciation of the yen against the US dollar. Hedging through forward exchange contracts and other measures also continued. - FY2017-Q2MaterialisedAnnual report
「Revenue for the 6-month period ended the second quarter declined by ¥23.8 billion, or 1.5%, year on year to ¥1,577.7 billion, despite higher automotive sales volume, due to lower sales associated with foreign exchange movements. In terms of profit, higher automotive sales volume and progress in cost reductions absorbed higher expenses, mainly quality costs arising from airbag inflators, and higher R&D expenses, but operating profit declined by ¥76.6 billion, or 26.9%, year on year to ¥208.5 billion due to the impact of foreign exchange movements」
Foreign exchange movements continued to appear in the results as a factor behind the decline in revenue and the 26.9% decline in operating profit. - FY2017-Q1MaterialisedAnnual report
「Revenue for the 3-month period ended the first quarter was ¥769.4 billion, an increase of ¥4.1 billion, or 0.5%, year on year, due to higher automotive sales volume and higher sales associated with foreign exchange movements, despite a decline in sales due to foreign exchange movements. In terms of profit, despite higher automotive sales volume and progress in cost reductions, operating profit declined by ¥32.7 billion, or 24.3%, year on year to ¥101.5 billion due to the impact of foreign exchange movements, higher expenses mainly related to quality costs arising from airbag inflators, and higher R&D expenses」
Foreign exchange movements were identified as a factor behind the decline in revenue and also affected operating profit, indicating that foreign exchange risk materialized during the quarter. - FY2016First statedAnnual report
「Overseas revenue accounted for 81.3% of total revenue. Revenue, operating profit and assets include items denominated in local currencies, primarily US dollars, which are translated into yen when preparing the consolidated financial statements. Accordingly, if the exchange rate used for the actual results differs from the exchange rate assumed in the full-year outlook, primarily a stronger yen could adversely affect the Group's results and financial position.」
The company reports that overseas revenue accounts for 81.3% and explains the impact of a stronger yen and other factors on performance and financial position, as well as hedging through forward exchange contracts and other measures.