Foreign Exchange Losses Caused by Yen Appreciation and Exchange-Rate Fluctuations

「The amount obtained by deducting non-operating expenses from non-operating income for the fiscal year was ¥48.828 million, mainly because foreign exchange losses increased. This represented a deterioration of ¥27.818 million compared with the previous fiscal year.」

「為替差損 - 36」

「Our Group procures approximately 45% of its raw materials and other inputs from overseas. Sharp fluctuations in exchange rates at the time of settlement could affect our Group's operating results and financial position. To address this risk, we mitigate exchange-rate risk through forward contracts and other measures for some transactions.」

「Our Group procures approximately 45% of its raw materials and other inputs from overseas. Sharp fluctuations in exchange rates at the time of settlement could affect our Group's operating results and financial position. To address this risk, we mitigate exchange-rate risk through forward contracts and other measures for some transactions.」

「In terms of earnings, deterioration in the cost ratio due to higher import procurement costs resulting from the weaker yen, together with higher selling, general and administrative expenses, resulted in an operating loss of ¥128.493 million, compared with an operating loss of ¥36.278 million in the same quarter of the previous year. In non-operating income and expenses, ordinary loss was ¥67.546 million, compared with ordinary income of ¥96.199 million in the same quarter of the previous year, mainly because foreign exchange gains declined.」

「However, the business environment surrounding our Group remained challenging, both in Japan and overseas, owing to soaring resource, energy and raw-material prices, the prolonged situation in Ukraine and the impact of the weaker yen.」

「In the fiscal year, the cost ratio relative to sales deteriorated by 6.2 percentage points from the previous fiscal year to 63.1%, owing to the weaker yen and higher raw-material prices.」

「In non-operating income and expenses, ordinary income was ¥812.708 million, down 41.7% year on year, mainly because foreign exchange gains increased.」

「In terms of earnings, deterioration in the cost ratio due to higher import procurement costs resulting from the weaker yen, together with higher selling, general and administrative expenses, resulted in an operating loss of ¥36.278 million, compared with operating income of ¥562.487 million in the same quarter of the previous year.」

「Foreign exchange gains 4,633 63,432」

「Non-operating income Interest income 6,284 4,552 Dividend income 20,878 22,323 Foreign exchange gains － 4,633」

「In non-operating income and expenses, ordinary income was ¥1,160.137 million, down 13.4% year on year, mainly because foreign exchange gains declined.」

「In non-operating income and expenses, ordinary income was ¥326.930 million, down 18.1% year on year, mainly because foreign exchange losses increased.」

「In terms of earnings, improvements in the cost ratio and lower selling, general and administrative expenses were offset by a decline in gross profit due to lower sales, resulting in operating income of ¥45.803 million, down ¥30.555 million, or 40.0%, year on year. Ordinary income was ¥55.260 million, down ¥43.434 million, or 44.0%, year on year, mainly because foreign exchange losses were recorded.」

「Our Group procures approximately 40% of its raw materials and other inputs from overseas. Sharp fluctuations in exchange rates at the time of settlement could affect our Group's operating results and financial position. To address this risk, we mitigate exchange-rate risk through forward contracts and other measures for some transactions.」

「Foreign exchange gains 50,131 4,284」

「The amount obtained by deducting non-operating expenses from non-operating income for the fiscal year was ¥18.624 million, mainly because foreign exchange gains increased. This represented an improvement of ¥23.059 million compared with the previous fiscal year.」

「Ordinary income was ¥502.171 million, down 58.2% year on year, mainly because foreign exchange gains increased.」

「In non-operating income and expenses, ordinary income was ¥70.027 million, down 66.7% year on year, as higher foreign exchange gains were more than offset by an increase in fees paid, among other factors.」

「In terms of earnings, deterioration in the cost ratio and higher selling, general and administrative expenses resulted in an operating loss of ¥77.990 million, compared with an operating loss of ¥75.409 million in the same quarter of the previous year. The company also recorded an ordinary loss of ¥36.120 million, mainly because it recorded foreign exchange gains, compared with an ordinary loss of ¥59.592 million in the same quarter of the previous year.」

「In addition, ordinary income was ¥1,242.998 million, up 124.5% year on year, mainly because foreign exchange losses declined.」

「In addition, ordinary income was ¥210.240 million, compared with an ordinary loss of ¥404.815 million in the same quarter of the previous year, mainly because foreign exchange losses of ¥206.108 million recorded as non-operating expenses in the same quarter of the previous year declined.」

「In terms of earnings, improvements in the cost ratio and lower selling, general and administrative expenses resulted in an operating loss of ¥75.409 million, compared with an operating loss of ¥227.462 million in the same quarter of the previous year. The company also recorded an ordinary loss of ¥59.592 million, mainly because it recorded foreign exchange gains, compared with an ordinary loss of ¥427.476 million in the same quarter of the previous year.」

「The amount obtained by deducting non-operating expenses from non-operating income for the fiscal year was ¥87.667 million, mainly because foreign exchange losses declined. This represented a ¥52.590 million reduction in the burden compared with the previous fiscal year.」

「In terms of earnings, improvements in the cost ratio and lower selling, general and administrative expenses resulted in operating income of ¥596.023 million, up 13.6% year on year. The company also recorded ordinary income of ¥553.620 million, up 14.0% year on year, partly because foreign exchange losses declined.」

「In terms of earnings, improvements in the cost ratio and lower selling, general and administrative expenses resulted in an operating loss of ¥180.851 million, compared with an operating loss of ¥474.961 million in the same quarter of the previous year. The company also recorded an ordinary loss of ¥404.815 million, mainly because of the recognition of foreign exchange losses, compared with an ordinary loss of ¥495.255 million in the same quarter of the previous year.」

「In terms of earnings, lower selling, general and administrative expenses resulted in an operating loss of ¥227.462 million, compared with an operating loss of ¥474.865 million in the same quarter of the previous year. The company also recorded an ordinary loss of ¥427.476 million, mainly because of the recognition of foreign exchange losses, compared with an ordinary loss of ¥428.359 million in the same quarter of the previous year.」