Foreign-Exchange Risk Associated with Import Transactions
First written in FY2016. 6 of 11 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Doshisha moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 46 of 71 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Much of the Group’s procurement consists of imports from overseas, mainly China and Europe, and payments are made in foreign currencies such as U.S. dollars. Accordingly, sharp fluctuations in exchange rates may have a significant impact on procurement costs. To address such sharp foreign-exchange fluctuations in advance, the Group uses forward exchange contracts to stabilize procurement costs.」
The Group continues to address foreign-exchange fluctuation risk associated with overseas imports by stabilizing procurement costs through forward exchange contracts. - FY2025MaterialisedAnnual report
「Foreign-exchange loss ¥44 million」
While continuing to respond through forward exchange contracts, the Group recognized a foreign-exchange loss of ¥44 million in the consolidated fiscal year, indicating that the impact of exchange-rate fluctuations was reflected in actual results. - FY2023MitigatedAnnual report
「Although segment profit declined across the development-oriented business model, particularly in the first half, due to rapidly rising raw-material costs and yen depreciation, the segment profit margin is trending toward recovery as a result of price increases and product additions and discontinuations.」
It states that the decline in profit caused by yen depreciation and higher raw-material costs occurred in the first half, while the segment profit margin is trending toward recovery due to product price increases and additions and discontinuations. - FY2023-Q3MaterialisedAnnual report
「Although the development-oriented business model as a whole has entered into forward exchange contracts and revised prices, segment profit declined due to the impact of rapidly rising raw-material costs and yen depreciation.」
It states that, despite using forward exchange contracts and revising prices, the impact of yen depreciation was reflected in actual performance as a decline in segment profit. - FY2021RestatedAnnual report
「Much of the Group’s procurement consists of imports from overseas, mainly China and Europe, and payments are made in foreign currencies such as U.S. dollars. Accordingly, sharp fluctuations in exchange rates may have a significant impact on procurement costs. To address such sharp foreign-exchange fluctuations in advance, the Group uses forward exchange contracts to stabilize procurement costs.」
It reaffirms the foreign-exchange risk associated with overseas imports and the response of stabilizing procurement costs through forward exchange contracts. - FY2020MaterialisedAnnual report
「Foreign-exchange loss: ¥59 million」
The foreign-exchange risk associated with import transactions was reflected in performance for the consolidated fiscal year as a foreign-exchange loss of ¥59 million. - FY2020-Q2MaterialisedAnnual report
「Foreign-exchange losses」
The foreign-exchange risk associated with import transactions was reflected in the cumulative second-quarter period as a foreign-exchange loss of ¥59 million. - FY2017RestatedAnnual report
「The Group’s business is centered on importing products from overseas, including China, Europe and the United States, and it enters into forward exchange contracts to hedge foreign-exchange fluctuation risk. It also incorporates exchange-rate fluctuations into product costs to reduce the risk relating to product costs.」
It reiterates the risk recognition and response measures associated with an import-centered business structure, forward exchange contracts and reflecting exchange-rate movements in product costs. A foreign-exchange loss of ¥66 million was also recognized for the fiscal year. - FY2017-Q2MaterialisedAnnual report
「During the cumulative second-quarter consolidated period, Japan’s economy continued to experience weak personal consumption due to continued yen appreciation and sluggish stock markets.」
Continued yen appreciation was reflected in the quarterly consolidated income statement as a foreign-exchange loss of ¥194 million. - FY2017-Q1MaterialisedAnnual report
「The outlook for the economy became increasingly uncertain due to the slowdown in China’s economy, the decision for the United Kingdom to leave the European Union (EU), and declines in resource prices, particularly crude oil, as well as yen appreciation and falling stock markets from the end of the fiscal year.」
Changes in the foreign-exchange environment, including continued yen appreciation, actually occurred, and a foreign-exchange loss of ¥61 million was recognized in the quarter. - FY2016First statedAnnual report
「The Group’s business is centered on importing products from overseas, including China, Europe and the United States, and it enters into forward exchange contracts to hedge foreign-exchange fluctuation risk. It also incorporates exchange-rate fluctuations into product costs to reduce the risk relating to product costs.」
It describes the foreign-exchange risk arising from a business structure centered on overseas imports, together with the response through forward exchange contracts and reflecting exchange-rate movements in product costs.