Foreign Exchange Risk Associated with Imported Products and Foreign-Currency Transactions
First written in FY2016. 2 of 8 entries say "Materialised", first in FY2024-Q2. Latest entry: FY2026.
Pan Pacific International Holdings moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 42 of 66 companies on the "Worse" side.
9 other companies' latest entry also says "Other".
- FY2026Shift from foreign-exchange losses to gainsAnnual report
「Due to the recognition of ¥2.061 billion in interest and dividend income and ¥4.295 billion in foreign exchange gains, among other items, non-operating income amounted to ¥10.711 billion.」
FY2026 recorded foreign exchange gains of ¥4.295 billion, reversing the ¥4.619 billion in foreign exchange losses recorded in FY2025. - FY2026-H1Shift from foreign exchange losses to foreign exchange gainsAnnual report
「Foreign exchange gains 2,612」
Having shifted from foreign exchange losses of ¥3,514 million in the same period of the previous year, the six-month consolidated period recorded foreign exchange gains of ¥2,612 million. - FY2025MaterialisedAnnual report
「Non-operating expenses were ¥1,202 million, mainly due to foreign exchange losses of ¥4,619 million.」
Having shifted from foreign exchange gains in the previous fiscal year, FY2025 saw foreign exchange losses of ¥4,619 million, with the impact of foreign exchange movements reflected in earnings. - FY2025-H1WorsenedAnnual report
「Foreign exchange losses 3,514」
Foreign exchange losses for the six-month consolidated period were ¥3,514 million, up from ¥1,601 million in the same period of the previous year. - FY2024Shift from foreign-exchange losses to gainsAnnual report
「Non-operating income was ¥1,711 million, mainly reflecting interest and dividend income of ¥1,063 million, equity in earnings of affiliates of ¥666 million, foreign exchange gains of ¥10,278 million and penalty income of ¥1,068 million.」
In FY2024, foreign exchange gains of ¥10,278 million were recorded. The impact differed for the full year from the foreign exchange losses recorded in FY2024-Q2. - FY2024-Q2MaterialisedAnnual report
「Foreign exchange losses 1,601」
Foreign exchange losses of ¥1,601 million were recorded for the six-month period, with the impact of foreign exchange movements reflected in earnings. - FY2017RestatedAnnual report
「The group may enter into forward exchange contracts as necessary to mitigate foreign exchange risk, but there is no guarantee that this risk can be completely avoided, and the group remains exposed to general market risks arising from fluctuations in foreign exchange rates and other factors.」
While presenting forward exchange contracts as a response, the disclosure reiterates that market risk related to imported products and foreign-currency transactions remains. - FY2016First statedAnnual report
「In general, a stronger yen tends to reduce the effective purchase price, while a weaker yen tends to increase it, creating a risk of fluctuations in the gross profit margin. The group may enter into forward exchange contracts as necessary to mitigate foreign exchange risk.」
The disclosure addresses the risk of fluctuations in the purchase prices of imported products and the gross profit margin, as well as the use of forward exchange contracts as a response.