Foreign exchange risk associated with imports
First written in FY2016. 10 of 30 entries say "Mitigated", first in FY2021-Q1. Latest entry: 2026-10-30.
Weds moved to the "Worse" side of this theme in 2018, 4 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".
- FY2026MitigatedAnnual report
「To address this foreign-exchange risk, the company sets a limit each fiscal period based on estimated import amounts and hedges through forward exchange contracts and other means.」
The company continues to depend on imports from East Asia, settle in US dollars and Chinese yuan, set limits, and hedge through forward exchange contracts. Deferred hedge gains and losses changed from negative in the previous fiscal year to a positive ¥85.716 million in the current fiscal year. - 2026-05-13MitigatedRevisions to earnings forecasts
「繰延ヘッジ損益 △13,573 85,716」
繰延ヘッジ損益は前期末のマイナス13,573千円から当期末のプラス85,716千円となり、為替変動に伴うヘッジ損益の影響は改善方向に現れている。 - FY2026-H1MitigatedAnnual report
「Net assets were ¥18,952 million, an increase of ¥134 million from the end of the previous fiscal year. The main factor was positive deferred hedge gains and losses resulting from foreign-exchange movements, despite a decrease in shareholders' equity.」
Deferred hedge gains and losses, which were negative at the end of the previous fiscal year, became a positive factor, and net assets increased by ¥134 million. The impact of hedge gains and losses from foreign-exchange movements improved from the immediately preceding fiscal year. - FY2025MaterialisedAnnual report
「Deferred hedge gains and losses 41,607 △ 13,573」
Deferred hedge gains and losses related to foreign-exchange movements changed from a positive ¥41.607 million in the previous fiscal year to a negative ¥13.573 million in the current fiscal year, showing the actual impact of foreign-exchange movements on net assets. - FY2025-H1MaterialisedAnnual report
「Net assets were ¥17,569 million, a decrease of ¥164 million from the end of the previous fiscal year. The main factor was the negative deferred hedge gains and losses resulting from foreign-exchange movements, despite an increase in shareholders' equity.」
Negative deferred hedge gains and losses resulting from foreign-exchange movements were reflected as a factor in the ¥164 million decline in net assets. - FY2024-Q3MitigatedAnnual report
「Foreign exchange gain 133,326 353,432」
The company recorded a foreign exchange gain of ¥353.432 million for the cumulative consolidated third-quarter period, up from ¥133.326 million in the same period of the previous year, indicating an improvement in the profit and loss impact of foreign-exchange movements. - FY2024-Q2MitigatedAnnual report
「Foreign exchange gain - 180,558」
The company recorded a foreign exchange gain of ¥180.558 million for the cumulative consolidated second-quarter period, compared with a foreign exchange loss of ¥6.157 million in the same period of the previous year, indicating an improvement in the profit and loss impact of foreign-exchange movements. Separately, the impact of higher procurement prices due to the yen's depreciation is also disclosed. - FY2024-Q1MitigatedAnnual report
「Foreign exchange gain - 16,855」
Compared with a foreign exchange loss of ¥2.977 million in the same period of the previous year, the company recorded a foreign exchange gain of ¥16.855 million for the cumulative first-quarter period, indicating an improvement in the profit and loss impact of foreign-exchange movements associated with imported procurement. - FY2023RestatedAnnual report
「The company's main products, aluminum wheels, are imported from East Asia, which accounts for approximately 80% of the purchase value of its aluminum wheels. Because the company settles most import purchases in US dollars and Chinese yuan, fluctuations in the exchange rates of the two currencies, as well as changes such as an appreciation of the Chinese yuan, could adversely affect the group's consolidated results and financial position. To address this foreign-exchange risk, the company sets a limit each fiscal period based on estimated import amounts and hedges through forward exchange contracts and other means.」
The company has reconfirmed its dependence on imports from East Asia, settlements in US dollars and Chinese yuan, and the setting of limits based on estimated import amounts and hedging through forward exchange contracts. - FY2023-Q3MitigatedAnnual report
「Foreign exchange gain - 133,326」
Compared with a foreign exchange loss of ¥5.727 million in the same period of the previous year, the company recorded a foreign exchange gain of ¥133.326 million for the cumulative third-quarter period, indicating an improvement in the profit and loss impact of foreign-exchange movements. - FY2023-Q2MaterialisedAnnual report
「Foreign exchange loss - 6,157」
The company recognized a foreign exchange loss of ¥6.157 million in the cumulative consolidated second-quarter period, and the impact of foreign-exchange movements associated with imported procurement is reflected in its results. - FY2023-Q1MaterialisedAnnual report
「Foreign exchange loss - 2,977」
The company recognized a foreign exchange loss of ¥2.977 million in the cumulative consolidated first-quarter period, and the impact of foreign-exchange movements associated with imported procurement is reflected in its results. - FY2022MaterialisedAnnual report
「In the consolidated fiscal year, revenue increased to ¥34,772 million, up 12.7% year on year, due to higher sales in the automotive-related wholesale and logistics businesses, including the core aluminum wheel business. Meanwhile, operating profit was ¥1,520 million, down 1.9% year on year, and ordinary profit was ¥1,523 million, down 5.0%, due to higher procurement costs resulting from rising raw material prices, the yen's depreciation and other factors.」
Higher procurement costs due to the yen's depreciation and other factors were reflected in the results as a 1.9% decline in full-year operating profit and a 5.0% decline in ordinary profit. - FY2022-Q3WorsenedAnnual report
「Foreign exchange loss 1,517 5,727」
The foreign exchange loss for the cumulative consolidated third-quarter period was ¥5.727 million, up from ¥1.517 million in the same period of the previous year. The profit and loss impact of foreign-exchange movements associated with imported procurement deteriorated. - FY2021RestatedAnnual report
「The company's main products, aluminum wheels, are imported from East Asia, which accounts for approximately 80% of the purchase value of its aluminum wheels. Because the company settles most import purchases in US dollars and Chinese yuan, fluctuations in the exchange rates of the two currencies, as well as changes such as an appreciation of the Chinese yuan, could adversely affect the group's consolidated results and financial position. To address this foreign-exchange risk, the company sets a limit each fiscal period based on estimated import amounts and hedges through forward exchange contracts.」
The company has reconfirmed its approximately 80% dependence on imports from East Asia, settlements in US dollars and Chinese yuan, and hedging through limits and forward exchange contracts. - FY2021-Q3WorsenedAnnual report
「Foreign exchange loss - 1,517」
The foreign exchange loss for the cumulative third-quarter period was ¥1.517 million, up from ¥718 thousand in the same period of the previous year. The profit and loss impact of foreign-exchange movements associated with imported procurement deteriorated. - FY2021-Q2MitigatedAnnual report
「Foreign exchange gain - 3,800」
Compared with a foreign exchange loss of ¥3.290 million in the same period of the previous year, the company recorded a foreign exchange gain of ¥3.800 million for the cumulative second-quarter period, indicating an improvement in the profit and loss impact of foreign-exchange movements. - FY2021-Q1MitigatedAnnual report
「Foreign exchange gain - 8,877」
Compared with a foreign exchange loss of ¥1.328 million in the same period of the previous year, the company recorded a foreign exchange gain of ¥8.877 million in the quarter, indicating an improvement in the profit and loss impact of foreign-exchange movements during the quarter. - FY2020WorsenedAnnual report
「The company's main products, aluminum wheels, are imported from East Asia, which accounts for approximately 80% of the purchase value of its aluminum wheels. Because the company settles most import purchases in US dollars and Chinese yuan, fluctuations in the exchange rates of the two currencies, as well as changes such as an appreciation of the Chinese yuan, could adversely affect the group's consolidated results and financial position.」
The stated dependence on imports has changed from "nearly 70%" to "approximately 80%," and the Chinese yuan is now specified in addition to the US dollar. The policy of hedging through forward exchange contracts continues. - FY2020-Q3MaterialisedAnnual report
「Foreign exchange loss - 718」
The company recognized a foreign exchange loss of ¥718 thousand in the cumulative consolidated third-quarter period, and the impact of foreign-exchange movements associated with imported procurement is reflected in its results. - FY2020-Q2MaterialisedAnnual report
「Foreign exchange loss - 3,290」
The company recognized a foreign exchange loss of ¥3.290 million in the cumulative consolidated second-quarter period, and the impact of foreign-exchange movements associated with imported procurement is reflected in its results. - FY2020-Q1MaterialisedAnnual report
「Foreign exchange loss - 1,328」
The company recognized a foreign exchange loss of ¥1.328 million in the cumulative consolidated first-quarter period, and the impact of foreign-exchange movements associated with imported procurement continues to be reflected in its results. - FY2018RestatedAnnual report
「This accounts for nearly 70% of the purchase value of the company's aluminum wheels. Because the company settles most import purchases in US dollars, it uses hedging transactions such as forward exchange contracts against the risk of fluctuations in the US dollar exchange rate. However, medium- to long-term exchange-rate movements and changes such as an appreciation of the Chinese yuan could adversely affect the group's consolidated results and financial position.」
The company has reconfirmed its dependence on imported purchases, US dollar settlements, hedging through forward exchange contracts, and the potential impact of foreign-exchange movements. - FY2018-Q3WorsenedAnnual report
「Foreign exchange loss - 13,435」
The company recognized a foreign exchange loss of ¥13.435 million in non-operating income and expenses for the cumulative third-quarter period, indicating a deterioration in the impact of foreign exchange from the foreign exchange gain of ¥93.431 million in the same period of the previous year. - FY2017-Q3RestatedAnnual report
「Under these conditions, consolidated revenue for the fiscal year was ¥21,547 million, down 5.3% year on year, due to the sluggish automotive aftermarket, excess inventory caused by the mild winter last season and declining selling prices amid the stronger yen.」
Lower selling prices resulting from the yen's appreciation continue to be cited as a factor behind the decline in revenue. The business impact of foreign-exchange movements persists, but no new change in the nature of the risk from the previous quarter has been indicated. - FY2017-Q2WorsenedAnnual report
「Revenue from the automotive-related wholesale business was ¥9,155 million, down ¥559 million (5.8%) year on year. This was due to lower sales of aluminum wheels, the main product, resulting from the sluggish automotive accessories market, excess inventory caused by the mild winter last season, intensifying sales competition amid weak demand, and an unexpected decline in selling prices due to the stronger yen. Segment profit was ¥432 million, down ¥251 million (36.7%) year on year, reflecting lower sales volumes and declining selling prices.」
The company has specified that an unexpectedly sharp decline in selling prices due to the yen's appreciation and other factors led to lower sales and segment profit, making the business impact of foreign-exchange movements clearer than in the previous quarter. - FY2017-Q1MaterialisedAnnual report
「The outlook in Japan and overseas remains uncertain, partly because corporate earnings have come in below expectations as the yen has appreciated since the start of the year.」
The economic environment for the quarter included weaker-than-expected corporate earnings due to the yen's appreciation, and the impact of import and foreign-exchange fluctuation risk has materialized. The company also recognized a foreign exchange loss of ¥3.487 million in its financial statements. - FY2016First statedAnnual report
「They account for nearly 70% of our aluminum wheel procurement costs. Since we settle most import payments in U.S. dollars, we conduct hedging transactions such as forward exchange contracts against U.S. dollar foreign exchange risk. However, medium- to long-term exchange rate fluctuations and changes resulting from a revaluation of the Chinese yuan may adversely affect the Group's consolidated results and consolidated financial position.」
Approximately 70% of aluminum wheel procurement costs are attributable to imports from East Asia, and the foreign exchange risk associated with U.S. dollar settlements and hedging through forward exchange contracts are described.