Foreign Exchange Risk
First written in FY2016. 10 of 20 entries say "Materialised", first in FY2021. Latest entry: 2026-10-09.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- 2026-10-09MaterialisedEarnings
「In the domestic fishing equipment market, sales struggled, particularly for high-priced products, as consumers favored saving in response to rising prices, while exports performed relatively well, partly because of the weaker yen.」
The weaker yen supported strong exports while also contributing to higher procurement costs and a lower gross profit margin. - FY2026-H1MaterialisedAnnual report
「Meanwhile, the gross profit margin declined slightly due in part to the weaker yen and the significant increase in purchase costs.」
The weaker yen and higher purchase costs materialized in results as a slight decline in the gross profit margin. - FY2025WorsenedAnnual report
「The gross profit margin for the fiscal year declined 1.2 percentage points from the previous fiscal year to 45.1% due to higher purchase costs resulting from higher raw material prices, the weaker yen and other factors, as well as the disposal of slow-moving products.」
Higher purchase costs due to the weaker yen, together with the disposal of slow-moving products, reduced the gross profit margin by 1.2 percentage points, and the impact of exchange-rate movements continued to be reflected in full-year results. - FY2025-H1MaterialisedAnnual report
「In addition, the gross profit margin declined due to the weaker yen and the high sales proportion of fall and winter clothing sold primarily at discount prices.」
The weaker yen, together with the sales mix of autumn/winter apparel centered on sale items, materialized as a factor behind the decline in the gross profit margin, and the impact of exchange-rate movements has continued. - FY2024MaterialisedAnnual report
「The gross profit margin for the fiscal year declined 1.3 percentage points from the previous fiscal year to 46.3% due to higher purchase costs resulting from the weaker yen and other factors.」
The weaker yen, through higher purchase costs, reduced the gross profit margin by 1.3 percentage points, with the impact of exchange-rate movements materializing in current-period results. - FY2024-Q2MaterialisedAnnual report
「Operating income was ¥17 million, down 85.8% year on year, due in part to a lower gross profit margin resulting from higher purchase costs caused by the weaker yen and rising prices.」
The weaker yen, through rising prices and higher purchase costs, led to a lower gross profit margin and a substantial decline in operating income, with the impact of exchange-rate movements materializing in current-period results. - FY2024-Q1RestatedAnnual report
「The outlook for the economy remained uncertain due to the continuing instability in Ukraine, as well as rising prices and the ongoing depreciation of the yen.」
Uncertainty in the external environment, including the ongoing depreciation of the yen, has continued. The disclosure for the current quarter does not indicate a direct impact of exchange-rate movements on the company's profit and loss. - FY2023WorsenedAnnual report
「Meanwhile, affected by foreign exchange losses of ¥2 million (foreign exchange gains of ¥3 million in the same period of the previous year), among other factors, ordinary income was ¥118 million, down 1.0% year on year.」
Foreign exchange gains in the same period of the previous year turned into foreign exchange losses of ¥2 million in the current fiscal year, causing exchange-rate movements to have a negative impact on ordinary income. - FY2023-Q2WorsenedAnnual report
「In the fishing business, sales struggled overall during the second quarter due in part to the backlash from increased demand for fishing as an outdoor activity that avoided the Three Cs during the COVID-19 pandemic, as well as restraint in purchases following price increases caused by higher costs and the weaker yen.」
Price increases caused by the weaker yen and higher costs led to restraint in purchases, with the impact of exchange-rate movements becoming evident in the fishing business's weaker sales. - FY2023-Q1MaterialisedAnnual report
「Foreign exchange losses - 1,299」
Foreign exchange losses of ¥1.299 million were recognized for the cumulative first quarter, and the impact of exchange-rate movements materialized in profit and loss. - FY2022MaterialisedAnnual report
「Purchases during the fiscal year increased in the fishing business due to active purchasing, mainly of products that had tended to be in short supply during the previous fiscal year, as well as higher purchase costs resulting from the weaker yen and increased logistics expenses.」
The weaker yen and higher logistics expenses materialized in actual purchases as higher purchase costs, and the cost impact related to exchange-rate movements was disclosed. - FY2022-Q3WorsenedAnnual report
「Economic conditions remained uncertain due to the sharp depreciation of the yen and higher costs across various industries caused by surging crude oil prices.」
Against the previous trend of yen depreciation, the current period specifically identified a sharp depreciation of the yen, indicating that the external environment related to exchange-rate movements had become more challenging. - FY2021MaterialisedAnnual report
「During the fiscal year, sales in the fishing business significantly exceeded the previous fiscal year, but the gross profit margin declined slightly due to the relatively weaker yen and higher raw material prices, among other factors.」
The relatively weaker yen materialized, together with higher raw material prices and other factors, as a cause of the decline in the gross profit margin in the fishing business. - FY2019RestatedAnnual report
「However, because foreign-currency receipts from exports are applied to import payments, the risk from exchange-rate movements is minor.」
The company has continued to explain that foreign-currency receipts from exports are applied to import payments, making foreign exchange risk minor. - FY2018RestatedAnnual report
「However, because foreign-currency receipts from exports are applied to import payments, the risk from exchange-rate movements is minor.」
The company has continued to explain that foreign-currency receipts from exports are applied to import payments, making foreign exchange risk minor. - FY2017MitigatedAnnual report
「However, because foreign-currency receipts from exports are applied to import payments, the risk from exchange-rate movements is minor.」
The company explained that its transaction structure uses foreign-currency receipts to settle import payments, leaving only minor foreign exchange risk. - FY2016First statedAnnual report
「Our business includes purchasing from and selling to overseas markets, and transactions denominated in foreign currencies are affected by exchange-rate movements.」
Foreign-currency transactions related to overseas purchases and sales were identified as foreign exchange risk.