Impact of Yen Appreciation on Export Revenue and Foreign Exchange Losses
First written in FY2017-Q1. 13 of 34 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2019: 11 of 22 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Lower revenue from currency translation and a reduction in foreign-exchange lossesAnnual report
「Sales were ¥176,330 million, down 1.2% from the previous fiscal year, due to declines in production volumes in Japan and Asia, the impact of currency translation in the Americas and lower sales of dies.」
The average U.S. dollar rate fell from ¥151.68 to ¥149.65, making currency translation in the Americas a factor behind the decline in sales, while foreign exchange losses narrowed from ¥2,234 million in the previous fiscal year to ¥547 million. - FY2026-H1Declining sales impact from currency translation coexisted with foreign exchange gainsAnnual report
「Sales were ¥83,763 million, down 7.9% from the same period of the previous year, due to declines in production volumes in Japan and Asia, the impact of currency translation in the Americas and lower sales of dies. The average exchange rate for each subsidiary's fiscal period is used to translate the results of overseas subsidiaries into yen for consolidated financial reporting. The U.S. dollar rate for the six-month interim consolidated accounting period was ¥148.48 per dollar, compared with ¥152.36 per dollar in the corresponding previous accounting period.」
The U.S. dollar translation rate moved toward yen appreciation compared with the same period of the previous year, making currency translation in the Americas a factor behind the decline in sales. Meanwhile, the income statement included foreign exchange gains of ¥102 million. - FY2025WorsenedAnnual report
「Non-operating income was ¥1,220 million, down 3.4% from the previous fiscal year, as foreign exchange gains turned into losses. Non-operating expenses were ¥3,596 million, up 198.3% from the previous fiscal year, due to the recognition of foreign exchange losses.」
Although translating the results of overseas subsidiaries into yen amid yen depreciation boosted sales, the Company recorded foreign exchange losses of ¥2,234 million, and foreign exchange gains and losses turned from a gain in the previous fiscal year to a loss. - FY2025-H1Sales growth from translation amid yen depreciation coexisted with foreign exchange lossesAnnual report
「Under these circumstances, the Group's sales were ¥90,942 million, up 7.9% from the previous interim consolidated accounting period (hereinafter, the "corresponding previous accounting period"), due to the impact of translation resulting from yen depreciation, despite declines in production volumes in Japan and Asia.」
Although translating the results of overseas subsidiaries into yen amid yen depreciation drove sales growth, the interim consolidated income statement included foreign exchange losses of ¥1,687 million, which contributed to the ordinary loss. - FY2024MitigatedAnnual report
「Non-operating income was ¥1,263 million, up 83.9% from the previous fiscal year, mainly due to the recognition of foreign exchange gains.」
The Company recorded foreign exchange gains of ¥569 million against a backdrop of yen depreciation, and the improvement in foreign exchange gains and losses continued. - FY2024-Q3MitigatedAnnual report
「The U.S. dollar rate for the nine-month period from January to September of the current consolidated fiscal year was ¥138.23 per dollar, compared with ¥128.31 per dollar in the corresponding period of the previous year.」
The U.S. dollar rate was weaker against the yen than in the same period of the previous year, and the situation continued in which translation resulting from yen depreciation drove sales growth. - FY2024-Q2MitigatedAnnual report
「The average exchange rate for each subsidiary's fiscal period is used to translate the results of overseas subsidiaries into yen for consolidated financial reporting. The U.S. dollar rate for the six-month period from January to June of the second quarter of the current consolidated fiscal year was ¥134.98 per dollar, compared with ¥123.20 per dollar in the corresponding period of the previous year.」
The U.S. dollar rate was weaker against the yen than in the same period of the previous year, and the translation of the results of overseas subsidiaries into yen amid yen depreciation continued. - FY2024-Q1MitigatedAnnual report
「The average exchange rate for each subsidiary's fiscal period is used to translate the results of overseas subsidiaries into yen for consolidated financial reporting. The U.S. dollar rate for the three-month period from January to March of the first quarter of the current consolidated fiscal year was ¥132.38 per dollar, compared with ¥116.34 per dollar in the corresponding period of the previous year.」
The U.S. dollar translation rate was weaker against the yen than in the same period of the previous year, and translation resulting from yen depreciation became a factor driving sales growth. - FY2023MitigatedAnnual report
「Under these circumstances, the Group's sales were ¥160,560 million, up 26.1% from the previous fiscal year, due to higher steel prices and the impact of translation resulting from yen depreciation.」
In the current fiscal year, unlike the previous situation, which was centered on the impact of translation resulting from yen appreciation, translation resulting from yen depreciation became a factor driving sales growth. - FY2023-Q3MitigatedAnnual report
「Under these circumstances, the Group's sales were ¥115,151 million, up 29.6% year on year, due to higher steel prices and the impact of translation resulting from yen depreciation, despite an overall decline in production.」
Unlike the previous impact of translation resulting from yen appreciation, translation resulting from yen depreciation became a factor driving sales growth in the current quarter. - FY2023-Q2MitigatedAnnual report
「Sales were ¥27,035 million, up 14.2% year on year, due to the impact of translation resulting from yen depreciation, despite lower production.」
Unlike the previous situation, which was centered on the impact of translation resulting from yen appreciation, translation resulting from yen depreciation became a factor driving sales in the Americas in the current quarter. The consolidated income statement included foreign exchange gains of ¥243 million. - FY2023-Q1MitigatedAnnual report
「Although ordinary income declined 28.7% year on year, it turned from a foreign exchange loss in the same period of the previous year to a gain, resulting in a profit of ¥158 million.」
The foreign exchange loss in the same period of the previous year turned into a gain in the current quarter, improving foreign exchange gains and losses. - FY2022MitigatedAnnual report
「Under these circumstances, the Group's sales were ¥127,316 million, up 7.1% from the previous fiscal year, due to higher steel prices and the impact of translation resulting from yen depreciation.」
In the current fiscal year, translation resulting from yen depreciation became a factor driving sales growth, marking a change from the previous situation, which was centered on the impact of translation resulting from yen appreciation. Foreign exchange gains were ¥4 million, down from ¥613 million in the previous fiscal year. - FY2022-Q3WorsenedAnnual report
「Foreign exchange gains 158 — Foreign exchange losses — 78」
Compared with foreign exchange gains of ¥158 million in the same period of the previous year, foreign exchange losses were ¥78 million during the nine-month period of the current consolidated fiscal year, indicating a deterioration in foreign exchange gains and losses. - FY2022-Q2WorsenedAnnual report
「Foreign exchange gains 172 — Foreign exchange losses — 49」
Compared with foreign exchange gains of ¥172 million in the same period of the previous year, foreign exchange losses were ¥49 million during the six-month period of the current consolidated fiscal year, indicating a deterioration in foreign exchange gains and losses. - FY2021MitigatedAnnual report
「Non-operating income was ¥1,715 million, up 188.6% from the previous fiscal year, mainly because employment adjustment subsidies were recorded in Japan and currencies in emerging markets, mainly Mexico, Brazil and Thailand, changed from foreign exchange losses in the previous fiscal year to gains. Non-operating expenses were ¥643 million, down ¥1,386 million from the previous fiscal year, because foreign exchange losses in the previous fiscal year changed to gains.」
Foreign exchange losses in the previous fiscal year turned into gains in the current fiscal year, improving the impact of foreign exchange on non-operating income and expenses. - FY2021-Q2MitigatedAnnual report
「Foreign exchange gains — 172」
Compared with foreign exchange losses of ¥602 million in the same period of the previous year, the Company recorded foreign exchange gains of ¥172 million during the six-month period of the current consolidated fiscal year, indicating an improvement in foreign exchange gains and losses. - FY2021-Q1MitigatedAnnual report
「Foreign exchange gains — 214」
Foreign exchange losses of ¥227 million in the same period of the previous year turned into foreign exchange gains of ¥214 million in the first quarter of the current fiscal year, indicating an improvement in foreign exchange gains and losses. - FY2020-Q3WorsenedAnnual report
「Ordinary income was ¥416 million, down 88.6% year on year, mainly because foreign exchange gains recognized in the same period of the previous year turned into foreign exchange losses during the nine-month period of the current consolidated fiscal year.」
Foreign exchange gains in the same period of the previous year turned into foreign exchange losses during the nine-month period of the current fiscal year, and ordinary income fell 88.6% year on year to ¥416 million. Foreign exchange losses were ¥476 million. - FY2020-Q2WorsenedAnnual report
「Ordinary income became a loss of ¥432 million, down ¥3,222 million from the same period of the previous year, mainly because foreign exchange gains recognized in the same period of the previous year turned into foreign exchange losses in the second quarter of the current fiscal year.」
Foreign exchange gains in the same period of the previous year turned into foreign exchange losses in the current quarter. The Company recorded foreign exchange losses of ¥602 million, resulting in an ordinary loss of ¥432 million. - FY2020-Q1MaterialisedAnnual report
「Ordinary income became a loss of ¥6 million, down ¥1,468 million from the same period of the previous year, mainly because foreign exchange gains recognized in the same period of the previous year turned into foreign exchange losses in the first quarter of the current fiscal year.」
Foreign exchange gains in the same period of the previous year turned into foreign exchange losses in the current quarter, resulting in an ordinary loss of ¥6 million. Foreign exchange losses were ¥227 million. - FY2019Translation impact from yen appreciation continued; foreign exchange losses narrowedAnnual report
「Sales were ¥70,654 million, down 5.9% from the previous fiscal year, due to the impact of production cuts by major customers resulting from sluggish sales of sedans and small cars in the United States, as well as the impact of translating the results of operations in countries where the Group has facilities into yen amid yen appreciation.」
The impact of translating the results of overseas facilities into yen amid yen appreciation continued. Meanwhile, foreign exchange losses on the consolidated income statement were ¥104 million, down from ¥493 million in the previous fiscal year. - FY2019-Q3Sharp reduction in foreign-exchange gainsAnnual report
「Ordinary income was ¥3,646 million, down 17.7% year on year, mainly because foreign exchange gains declined. The exchange rate used for translation during the nine-month period of the current consolidated fiscal year was ¥109.60 per dollar, compared with ¥111.89 per dollar in the corresponding period of the previous year.」
Although the improvement from foreign exchange losses to gains continued, the gain declined sharply from ¥800 million in the same period of the previous year to ¥93 million, contributing to the decrease in ordinary income. - FY2019-Q2RestatedAnnual report
「Ordinary profit decreased 28.2% year on year to ¥2,790 million, mainly due to a decline in foreign-exchange gains.」
Although the improvement from foreign-exchange losses to foreign-exchange gains continued, the decline in foreign-exchange gains became a factor behind the decline in ordinary profit. - FY2019-Q1Decrease in Foreign Exchange GainAnnual report
「Ordinary profit decreased 16.4% year on year to ¥1,461 million, mainly due to a decline in foreign-exchange gains.」
Although the improvement from foreign-exchange losses to foreign-exchange gains continued, foreign-exchange gains declined from the same period of the previous year and became a factor behind the decline in ordinary profit. - FY2018-Q3RestatedAnnual report
「Foreign Exchange Gains」
The Company recorded foreign-exchange gains of ¥800 million in the cumulative third quarter under review, maintaining the improvement in foreign-exchange results from foreign-exchange losses in the same period of the previous year. - FY2018-Q2RestatedAnnual report
「On the profit side, operating profit increased 24.5% year on year to ¥3,148 million due to higher parts sales in Japan and China, among other factors. Ordinary profit was approximately 8.5 times the level of the same period of the previous year, at ¥3,888 million, mainly because foreign-exchange losses in the same period of the previous year turned into foreign-exchange gains in the cumulative second quarter under review.」
The shift from foreign-exchange losses in the same period of the previous year to foreign-exchange gains in the quarter under review continued, reaffirming the improvement in foreign-exchange results. Meanwhile, sales in the Americas continued to be affected by yen appreciation against certain currencies. - FY2018-Q1Continued impact of yen appreciation and shift to foreign-exchange gainsAnnual report
「Ordinary profit increased ¥2,138 million from the same period of the previous year to ¥1,748 million, mainly because foreign-exchange losses in the same period of the previous year turned into foreign-exchange gains in the cumulative first quarter under review.」
Although yen appreciation continued to affect sales in the Americas, foreign-exchange losses in the same period of the previous year turned into foreign-exchange gains in the quarter under review, improving foreign-exchange results. - FY2017Continued revenue decline from yen appreciation and reduced foreign-exchange lossesAnnual report
「Although overseas bases excluding Thailand and Indonesia recorded higher revenue in local-currency terms, Group revenue decreased 2.9% year on year to ¥167,723 million due to the impact of yen appreciation.」
Although the decline in consolidated revenue due to yen appreciation continued, foreign-exchange losses decreased from ¥2,958 million in the previous fiscal year to ¥617 million. - FY2017-Q3MitigatedAnnual report
「In the standalone cumulative second quarter, foreign-exchange losses of ¥1,823 million, mainly valuation losses on dollar-denominated assets, were recorded as non-operating expenses. However, as the yen weakened in the third quarter, these turned into foreign-exchange gains of ¥2,395 million, resulting in foreign-exchange gains of ¥571 million for the cumulative third quarter and eliminating the foreign-exchange losses.」
Although the decline in revenue due to yen appreciation remained, the yen's depreciation turned foreign-exchange losses into foreign-exchange gains of ¥571 million, eliminating the foreign-exchange losses. - FY2017-Q2WorsenedAnnual report
「Ordinary profit decreased 85.9% year on year to ¥456 million, mainly due to an increase in foreign-exchange losses from the same period of the previous year.」
The disclosure stated that foreign-exchange losses increased year on year and ordinary profit declined 85.9%. - FY2017-Q1MaterialisedAnnual report
「On the profit side, operating profit decreased 34.5% year on year to ¥1,087 million, mainly due to higher labor costs resulting from tight labor-market conditions caused by the expansion of the U.S. economy. Ordinary profit was ¥390 million lower than in the same period of the previous year, at a loss of ¥390 million, mainly because foreign-exchange gains recorded in the same period of the previous year turned into foreign-exchange losses in the cumulative first quarter under review.」
Foreign-exchange gains turned into foreign-exchange losses, resulting in an ordinary loss of ¥390 million. Foreign-exchange losses of ¥1,643 million were also reported on the income statement.