Foreign exchange fluctuation risk associated with US dollar-denominated exports
First written in FY2023. 3 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2026RestatedAnnual report
「In the revision of our agreement with SAFRAN in October 2024, we agreed that if the yen appreciates beyond a specified foreign-exchange-rate range, some selling prices would be increased, while if the yen depreciates, some selling prices would be reduced, in order to hedge the impact of exchange rates. However, within the specified range, we remain susceptible to the effects of foreign-exchange fluctuations.」
While continuing to address this through contractual price adjustments and foreign-exchange forwards, the Group explicitly states that it remains exposed to the impact of exchange-rate fluctuations within a specified range. - FY2025-H1MitigatedAnnual report
「④ Selling prices vary according to the sales year and sales volume. They also vary when exchange rates move beyond a specified range.」
Selling-price adjustments linked to the exchange-rate range previously presented as planned were incorporated into the updated agreement with SAFRAN. - FY2024MitigatedAnnual report
「In the amendment to the agreement with SAFRAN scheduled for October 2024, we agreed that if the yen appreciates beyond a specified exchange-rate range, some selling prices will be increased, while if the yen depreciates, some selling prices will be reduced, in order to hedge the impact of exchange rates.」
The planned amendment introduced selling-price adjustments when exchange rates move beyond a specified range. Within the range, the company remains exposed to exchange-rate effects. - FY2024-Q2RestatedAnnual report
「In this environment, the dollar-yen exchange rate remained at a weaker-yen level than in the previous fiscal year.」
The weaker yen continues. No material change in foreign-exchange exposure was disclosed. - FY2024-Q1RestatedAnnual report
「In this environment, the dollar-yen exchange rate remained at a weaker-yen level than in the previous fiscal year.」
The weaker yen continued, and a foreign-exchange gain of ¥22,487 thousand was recorded in the first quarter. No material change in foreign-exchange exposure was disclosed. - FY2023First statedAnnual report
「Our results are negatively affected when the yen appreciates and positively affected when the yen depreciates. If exchange rates fluctuate beyond expectations, our results and financial condition could be materially affected.」
The yen remained weak during the period, contributing to an improved gross profit margin. The company plans to hedge through forward exchange contracts and other measures.