Foreign Exchange Risk in Foreign-Currency Transactions
First written in FY2016. 10 of 22 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Daisui 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: 48 of 73 companies on the "Worse" side.
37 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Against a backdrop of continued yen depreciation, prices of imported fish remained high, resulting in import values exceeding those of the previous year.」
Prices of imported fish have remained high due to the yen's depreciation, and the business impact of exchange-rate fluctuations continues to be reflected in results. - FY2026-H1MitigatedAnnual report
「Foreign exchange losses 21 —」
Foreign exchange losses included in non-operating expenses declined from ¥21 million in the same period of the previous year to zero for the current interim consolidated accounting period. Meanwhile, the persistently high prices of imported fish due to the yen's depreciation continued to be cited. - FY2025MitigatedAnnual report
「Foreign exchange losses under non-operating expenses, which were presented separately in the previous fiscal year, have been included in Other from the current fiscal year because their materiality has declined.」
The materiality of foreign exchange losses declined, resulting in a change from separate presentation to inclusion in Other. The hedging policy using forward exchange contracts has continued. - FY2025-H1MitigatedAnnual report
「Foreign exchange losses 48 21」
Foreign exchange losses decreased from ¥48 million in the same period of the previous year to ¥21 million. Meanwhile, the impact of higher food prices due to the yen's depreciation and on the sales environment, including imported fish, continued to be cited. - FY2024-Q3Decrease in foreign exchange losses and continued impact of the yen's depreciationAnnual report
「Foreign exchange losses 68 48」
Foreign exchange losses included in non-operating expenses decreased from ¥68 million in the same period of the previous year to ¥48 million. Meanwhile, the yen's depreciation continued to be cited as a factor behind higher prices for imported fish. - FY2024-Q2MaterialisedAnnual report
「Although market prices for some imported frozen fish species declined, prices remained high due to the yen's depreciation and higher raw material prices. Despite a decrease in sales volume, revenue increased as a result of higher selling prices.」
The yen's depreciation and higher raw material prices are reflected in the high price levels and lower sales volume of imported frozen fish. - FY2024-Q1RestatedAnnual report
「In the seafood distribution industry, declining catches of wild fish and the impact of the yen's depreciation on imported fish have become persistent, while raw material prices and logistics costs have also continued to rise, keeping fish prices high.」
The yen's depreciation has become a persistent factor behind higher prices for imported fish, and the business impact of exchange-rate fluctuations has continued alongside rising raw material prices and logistics costs. - FY2023MaterialisedAnnual report
「Foreign exchange losses 6 59」
The yen's depreciation and continued exchange-rate fluctuations increased foreign exchange losses included in non-operating expenses from ¥6 million in the previous fiscal year to ¥59 million in the current fiscal year. - FY2023-Q3MaterialisedAnnual report
「Foreign exchange losses 14 68」
Foreign exchange losses included in non-operating expenses increased from ¥14 million in the same period of the previous year to ¥68 million, and the impact of exchange-rate fluctuations is reflected in profit or loss for the cumulative third quarter. - FY2023-Q2MaterialisedAnnual report
「As imported fish remained expensive amid the yen's depreciation, procurement and sales unit prices increased.」
The yen's continued depreciation was reflected in higher procurement and sales unit prices for imported fish, while the statement of income included ¥44 million in foreign exchange losses. - FY2023-Q1MaterialisedAnnual report
「In the salted and frozen seafood business, procurement prices for frozen products, particularly salmon and trout, shrimp and frozen fish, rose further due in part to the weaker yen, causing handling volumes to stagnate.」
The weaker yen was reflected in actual sales conditions in the current quarter through higher procurement prices for frozen products and stagnant handling volumes. - FY2022WorsenedAnnual report
「In addition to declining natural seafood resources and higher logistics costs, the recovery of personal consumption in other countries and the widening interest-rate differential between Japan and the United States accelerated the depreciation of the yen. Fish prices consequently remained at high levels, resulting in extremely challenging business conditions.」
The accelerating depreciation of the yen was reflected in actual sales conditions as a factor driving higher prices for imported fish and higher import costs. - FY2022-Q3MaterialisedAnnual report
「In addition, overseas demand for imported seafood remained strong, while the weaker yen, reduced operating rates at overseas processing plants due to infectious diseases, and higher ocean freight rates resulting from a global shortage of containers contributed to continued high prices for salmon, shrimp, crab, surimi and other seafood.」
The weaker yen was reflected in actual procurement and sales conditions as one of the factors driving higher prices for imported seafood. - FY2021RestatedAnnual report
「The company also hedges against foreign exchange volatility arising from foreign-currency transactions conducted in connection with overseas business by using forward exchange contracts.」
The company continues to disclose foreign exchange risk associated with foreign-currency transactions and hedging through forward exchange contracts. No foreign exchange losses were recognized in the current period's statement of income. - FY2021-Q1Decline in the presentation significance of foreign exchange lossesAnnual report
「Foreign exchange losses, which were presented separately under non-operating expenses in the cumulative first quarter of the previous consolidated fiscal year, were included in "Other" from the cumulative first quarter of the current consolidated fiscal year because their quantitative significance had declined.」
Foreign exchange losses that had been presented separately in the first quarter of the previous fiscal year were included in "Other" under non-operating expenses in the current first quarter because their quantitative significance had declined. - FY2020MaterialisedAnnual report
「Foreign exchange losses, which were included in "Other" under non-operating expenses in the cumulative first quarter of the previous consolidated fiscal year, were presented separately in the cumulative first quarter of the current consolidated fiscal year because they had become quantitatively material.」
Foreign exchange losses became quantitatively material, and the company recognized ¥27 million in foreign exchange losses in the current consolidated fiscal year. - FY2020-Q1MaterialisedAnnual report
「Foreign exchange losses, which were included in "Other" under non-operating expenses in the cumulative first quarter of the previous consolidated fiscal year, were presented separately in the cumulative first quarter of the current consolidated fiscal year because they had become quantitatively material.」
Foreign exchange losses became quantitatively material and were presented separately under non-operating expenses from the current quarter. Foreign exchange losses on the statement of income were ¥9 million. - FY2019RestatedAnnual report
「The company hedges against foreign exchange volatility arising from foreign-currency transactions conducted in connection with overseas business by using forward exchange contracts.」
The company continues to disclose foreign exchange risk associated with overseas transactions and hedging through forward exchange contracts. - FY2017RestatedAnnual report
「The company hedges against foreign exchange volatility arising from foreign-currency transactions conducted in connection with overseas business by using forward exchange contracts.」
The company continues to disclose foreign exchange risk associated with overseas transactions and hedging through forward exchange contracts. - FY2017-Q2MaterialisedAnnual report
「Exports declined due to the impact of a sharp appreciation of the yen and other factors.」
Regarding foreign exchange risk, the impact of a sharp appreciation of the yen continues to be reflected in current-quarter results through lower exports. - FY2017-Q1MaterialisedAnnual report
「Exports declined due to the impact of a sharp appreciation of the yen and other factors.」
Regarding foreign exchange risk, the company states that the impact of a sharp appreciation of the yen leading to lower exports was reflected in current-quarter results. - FY2016First statedAnnual report
「The company hedges against foreign exchange volatility arising from foreign-currency transactions conducted in connection with overseas business by using forward exchange contracts.」
The company recognizes foreign exchange volatility associated with overseas transactions as a financial risk.