Decline in overseas results due to yen appreciation and foreign exchange losses
First written in FY2016-Q3. 13 of 31 entries say "Mitigated", first in FY2020. Latest entry: FY2026-H1.
Hi-Lex moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 11 of 22 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Ordinary profit was ¥4.882 billion, an increase of ¥1.642 billion, or 50.7%, year on year. This reflected the recognition of foreign exchange gains of ¥999 million, dividend income of ¥683 million and interest income of ¥404 million as income, partly offset by the recognition of interest expenses of ¥440 million and other items as expenses.」
Compared with the foreign exchange loss of ¥585 million in the same period of the previous year, a foreign exchange gain of ¥999 million was recorded in the current interim period, improving the direct impact of exchange-rate movements on earnings. - 2026-06-05MitigatedEarnings
「Ordinary profit was ¥4.882 billion, an increase of ¥1.642 billion, or 50.7%, year on year. This reflected the recognition of foreign exchange gains of ¥999 million, dividend income of ¥683 million and interest income of ¥404 million as income, partly offset by the recognition of interest expenses of ¥440 million and other items as expenses.」
Foreign exchange losses in the same period of the previous year turned into foreign exchange gains in the current interim period, improving the direct impact of foreign exchange on profit and loss. - FY2025-H1WorsenedAnnual report
「Ordinary profit was ¥3,240 million, up ¥1,250 million, or 62.9%, year on year, as income mainly included ¥432 million in dividend income, ¥372 million in interest income and ¥128 million in equity in earnings of affiliates, while expenses included ¥585 million in foreign exchange losses, ¥173 million in interest expenses and other items.」
The foreign exchange gain of ¥700 million in the same period of the previous year changed to a foreign exchange loss of ¥585 million in the current interim period, resulting in a renewed direct burden on earnings from exchange-rate movements. - FY2024WorsenedAnnual report
「Ordinary profit was ¥2,727 million, down ¥2,600 million, or 48.8%, year on year, as income mainly included ¥1,040 million in dividend income, ¥917 million in interest income, ¥515 million in subsidy income and ¥110 million in equity in earnings of affiliates, while expenses included ¥452 million in interest expenses, ¥361 million in foreign exchange losses and other items.」
The foreign exchange gain of ¥228 million in the previous year changed to a foreign exchange loss of ¥361 million in the current period, contributing to the decline in ordinary profit. Separately from the increase in the yen-denominated translation of overseas results due to the weaker yen, an exchange-related burden was recognized in earnings. - FY2024-Q2MitigatedAnnual report
「Ordinary profit or loss mainly included ¥700 million in foreign exchange gains, ¥420 million in interest income, ¥357 million in dividend income and ¥129 million in equity in earnings of affiliates as income, while」
During the cumulative second quarter, a foreign exchange gain of ¥700 million was recorded, an improvement from the foreign exchange loss of ¥981 million in the same period of the previous year. The positive impact of the weaker yen on the yen-denominated translation of overseas results also continued. - FY2024-Q1MitigatedAnnual report
「Net sales were ¥78,368 million, up ¥605 million, or 8.4%, year on year, partly due to the increase in yen-denominated translation resulting from the weaker yen.」
The increase in the yen-denominated translation of the overseas subsidiaries' results due to the weaker yen boosted net sales. A foreign exchange gain of ¥205 million was recorded in the current quarter, improving the direct impact on earnings from the foreign exchange loss of ¥1,326 million in the same period of the previous year. - FY2023MitigatedAnnual report
「Whereas a foreign exchange gain of ¥542 million was recorded in the previous consolidated fiscal year, a foreign exchange gain of ¥228 million was recorded in the current consolidated fiscal year.」
A foreign exchange gain was recorded again in the current period, so there was no direct negative impact on earnings from exchange-rate movements. However, the foreign exchange gain decreased from ¥542 million in the previous period to ¥228 million. - FY2023-Q3MitigatedAnnual report
「Foreign exchange loss － 34」
The foreign exchange loss for the cumulative third quarter ended was ¥34 million, deteriorating from the foreign exchange gain of ¥165 million in the same period of the previous year, although its direct impact on earnings was substantially smaller than the ¥981 million foreign exchange loss in the second quarter of the previous fiscal year. The disclosure also states that the increase in yen-denominated translation due to the weaker yen boosted net sales. - FY2023-Q2WorsenedAnnual report
「Ordinary loss was ¥279 million, compared with ordinary profit of ¥531 million in the same period of the previous year, as income mainly included ¥310 million in interest income, ¥258 million in dividend income and ¥209 million in equity in earnings of affiliates, while expenses included ¥981 million in foreign exchange losses and ¥179 million in interest expenses.」
Although the weaker yen increased the yen-denominated translation of overseas results, a foreign exchange loss of ¥981 million was incurred, and ordinary profit or loss shifted from profit in the same period of the previous year to loss. - FY2023-Q1WorsenedAnnual report
「The company reported an ordinary loss of ¥655 million, compared with ordinary income of ¥662 million in the same period of the previous year, due mainly to dividend income of ¥255 million and interest income of ¥163 million recorded as income, offset by a foreign exchange loss of ¥1,326 million recorded as an expense.」
A foreign exchange loss of ¥1,326 million was incurred, contributing to the shift from ordinary profit in the same period of the previous year to ordinary loss. The increase in the yen-denominated translation of overseas results due to the weaker yen coexisted with a foreign exchange loss recognized in earnings. - FY2022MitigatedAnnual report
「The company reported an ordinary loss of ¥2,474 million, compared with ordinary income of ¥3,032 million in the same period of the previous year, due mainly to dividend income of ¥679 million, a foreign exchange gain of ¥542 million, interest income of ¥509 million and government grant income of ¥339 million recorded as income, offset by interest expenses of ¥208 million and an equity in losses of affiliates of ¥51 million recorded as expenses, among other factors.」
In addition to the increase in yen-denominated amounts due to the weaker yen, a foreign exchange gain of ¥542 million was recorded. The direct impact of foreign exchange movements on earnings improved from the foreign exchange loss position through the previous fiscal year, but the company as a whole reported an ordinary loss. - FY2022-Q3MitigatedAnnual report
「Partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥183,041 million, up ¥13,944 million, or 8.2%, year on year.」
The increase in yen-denominated amounts of the results of overseas subsidiaries due to the weaker yen continued to be cited as a factor pushing up net sales. A foreign exchange gain of ¥165 million was also recorded for the cumulative third quarter. - FY2022-Q2MitigatedAnnual report
「Ordinary income was ¥531 million, down ¥4,140 million, or 88.6%, year on year, due mainly to a foreign exchange gain of ¥379 million, dividend income of ¥245 million and interest income of ¥216 million recorded as income, offset by an equity in losses of affiliates of ¥117 million and interest expenses of ¥103 million recorded as expenses, among other factors.」
The foreign exchange loss in the same period of the previous year turned into a foreign exchange gain of ¥379 million in the current period, reducing the direct negative impact of foreign exchange movements on ordinary income. The increase in yen-denominated amounts of overseas performance due to the weaker yen was also noted. - FY2022-Q1Increase in yen-denominated amounts due to the weaker yen alongside foreign exchange lossesAnnual report
「Sales remained subdued mainly in North America, Japan, Europe and Asia due to production cuts at automakers caused by semiconductor shortages. However, partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥60,626 million, up ¥2,888 million, or 5.0%, year on year.」
While the weaker yen increased the yen-denominated amounts of the results of overseas subsidiaries, a foreign exchange loss of ¥114 million was incurred during the cumulative first quarter. The positive impact on translated amounts and the negative impact on earnings from foreign exchange risk were both noted. - FY2021-Q3MitigatedAnnual report
「Foreign exchange gain: ¥141 million」
A foreign exchange gain of ¥141 million, rather than a foreign exchange loss, was recorded for the cumulative third quarter, with no negative impact of foreign exchange movements on ordinary income or loss. - FY2021-Q2MitigatedAnnual report
「Ordinary income was ¥4,672 million, up ¥3,023 million, or 183.3%, year on year, partly due to the foreign exchange loss recorded for the cumulative second quarter being ¥87 million, down from ¥632 million in the same period of the previous year.」
The foreign exchange loss declined from ¥632 million in the same period of the previous year to ¥87 million, reducing the negative impact of foreign exchange movements on ordinary income. - FY2021-Q1MitigatedAnnual report
「Ordinary income was ¥2,775 million, up ¥822 million, or 42.1%, year on year, due mainly to equity in earnings of affiliates of ¥197 million and dividend income of ¥139 million, as well as the impact of a foreign exchange gain of ¥41 million in the cumulative first quarter, compared with a foreign exchange loss of ¥205 million in the same period of the previous year.」
The foreign exchange loss of ¥205 million in the same period of the previous year turned into a foreign exchange gain of ¥41 million in the current quarter, eliminating the negative impact of foreign exchange movements on ordinary income. - FY2020MitigatedAnnual report
「The foreign exchange loss was ¥1,054 million in the previous consolidated fiscal year, compared with ¥756 million in the current consolidated fiscal year」
The foreign exchange loss declined from ¥1,054 million in the previous year to ¥756 million. Foreign exchange risk and the impact of yen translation continued to be noted, but the impact on earnings and losses was smaller than in the previous fiscal year. - FY2020-Q3WorsenedAnnual report
「The company reported an ordinary loss of ¥539 million, compared with ordinary income of ¥7,162 million in the same period of the previous year, due mainly to government grant income of ¥557 million, dividend income of ¥467 million and interest income of ¥370 million, offset by a foreign exchange loss of ¥839 million and interest expenses of ¥124 million, among other factors.」
The foreign exchange loss increased from ¥587 million in the same period of the previous year to ¥839 million, and ordinary income turned into an ordinary loss. The impact of foreign exchange movements on earnings and losses is increasing. - FY2020-Q2WorsenedAnnual report
「Ordinary income was ¥1,649 million, down ¥3,454 million, or 67.7%, year on year, due mainly to interest income of ¥276 million and dividend income of ¥255 million, offset by a foreign exchange loss of ¥632 million and interest expenses of ¥113 million, among other factors.」
The foreign exchange loss increased from ¥404 million in the same period of the previous year to ¥632 million, increasing its impact as a factor reducing ordinary income. - FY2020-Q1RestatedAnnual report
「The Group's performance for the cumulative first quarter was revenue of ¥59.371 billion (down ¥5.252 billion year on year, or 8.1%), as sales remained firm in China and South Korea, while sluggish sales in Japan and North America and lower yen-denominated translated amounts due to the stronger yen against major currencies including the US dollar, Chinese yuan and euro had an adverse impact.」
The decline in yen-denominated amounts of the results of overseas subsidiaries due to the stronger yen against the US dollar, Chinese yuan, euro and other currencies continued to be cited as a factor behind lower net sales. A foreign exchange loss of ¥205 million was recorded. - FY2019WorsenedAnnual report
「Ordinary income was ¥8,295 million, down ¥3,546 million, or 29.9%, year on year, due mainly to interest income of ¥588 million, dividend income of ¥586 million and government grant income of ¥435 million, offset by a foreign exchange loss of ¥1,054 million, among other factors.」
A foreign exchange loss of ¥1,054 million was recorded, a deterioration from the foreign exchange gain of ¥110 million in the previous year. The impact of foreign exchange movements as a factor reducing full-year ordinary income is increasing. - FY2019-Q3WorsenedAnnual report
「Ordinary income was ¥7,162 million, down ¥3,303 million, or 31.6%, year on year, due mainly to interest income of ¥430 million, dividend income of ¥397 million and equity in earnings of affiliates of ¥312 million, offset by a foreign exchange loss of ¥587 million, among other factors.」
The foreign exchange loss increased from ¥25 million in the same period of the previous year to ¥587 million and continued to be a factor reducing ordinary income. - FY2019-Q2WorsenedAnnual report
「Ordinary income was ¥5,103 million, down ¥2,475 million, or 32.7%, year on year, due mainly to equity in earnings of affiliates of ¥288 million, interest income of ¥283 million and income from compensation received of ¥174 million, offset by a foreign exchange loss of ¥404 million, among other factors」
The foreign exchange loss was ¥404 million for the cumulative second quarter, following a foreign exchange gain of ¥138 million in the same period of the previous year and a foreign exchange loss of ¥357 million in the first quarter of the previous year. The foreign exchange loss continued to be a factor reducing ordinary income. - FY2019-Q1WorsenedAnnual report
「Ordinary income was ¥2,396 million, down ¥1,400 million, or 36.9%, year on year, due mainly to income from compensation received of ¥174 million, interest income of ¥126 million and equity in earnings of affiliates of ¥154 million, offset by a foreign exchange loss of ¥357 million, among other factors」
The foreign exchange loss increased from ¥67 million in the same period of the previous year to ¥357 million and was cited as a factor behind the decline in ordinary income. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company explicitly stated that there had been no significant changes to business and other risks. The income statement recorded a foreign exchange loss of ¥67 million for the quarter, but there was no significant change in the explanation of foreign exchange risk itself. - FY2017-Q3RestatedAnnual report
「In North America, sales to customers remained subdued, and the decline in yen-denominated amounts due to the stronger yen resulted in net sales of ¥68,173 million, down ¥5,189 million, or 7.1%, year on year. Despite efforts to reduce costs and improve productivity, operating income was ¥3,845 million, down ¥2,219 million, or 36.6%, year on year.」
In North America, the decline in yen-denominated amounts of the results of overseas subsidiaries due to the stronger yen continued to be cited as a factor behind lower sales. Sluggish sales were also noted, and operating income fell 36.6% year on year. - FY2017-Q2RestatedAnnual report
「In North America, sales to customers remained subdued and were also affected by the decline in yen-denominated amounts due to the stronger yen. Net sales were ¥45,531 million, down ¥4,411 million, or 8.8%, year on year. Despite efforts to reduce costs and improve productivity, operating income was ¥2,637 million, down ¥1,711 million, or 39.3%, year on year.」
In North America, the decline in yen-denominated amounts of the results of overseas subsidiaries due to the stronger yen continued to be cited as a factor behind lower sales. Sluggish sales were also noted, and operating income fell 39.3% year on year. - FY2017-Q1RestatedAnnual report
「While sales remained steady mainly in China and Asia, the decline in yen-denominated amounts for overseas subsidiaries, particularly in North America, resulted in net sales of ¥62,794 million, down ¥462 million, or 0.7%, year on year.」
For overseas subsidiaries, mainly in North America, the decline in yen-denominated amounts due to the stronger yen continued to be cited as a factor behind the decrease in net sales. In contrast, a foreign exchange gain of ¥592 million was recorded for the quarter. - FY2016WorsenedAnnual report
「The yen-denominated amounts of the results of overseas consolidated subsidiaries declined as the yen appreciated」
The decline in the yen-denominated amounts of overseas performance due to the stronger yen continued, and a foreign exchange loss of ¥1,494 million was recorded for the fiscal year. The company is advancing short-term forward exchange contracts and developing a medium- to long-term local procurement structure, but explained that completely avoiding the risk is difficult. - FY2016-Q3First statedAnnual report
「The yen-denominated amounts of the results of overseas consolidated subsidiaries declined as the yen appreciated」
In addition to the decline in yen-denominated amounts due to the stronger yen, a foreign exchange loss of ¥1,198 million was incurred as a factor reducing ordinary income.