Foreign Exchange Risk from Increased Overseas Purchases
First written in FY2016. 3 of 5 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2018.
Yamano Holdings moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
3 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual report
「Derivatives are used to hedge the risk of fluctuations in interest rates on borrowings, and no speculative transactions are conducted.」
In the current year's financial instrument disclosures, the previously reported foreign-currency-denominated operating payables and forward foreign-exchange contracts are no longer mentioned, and derivatives are used solely to manage interest-rate fluctuation risk on borrowings. - FY2017MaterialisedAnnual report
「Revenue from Other businesses was ¥726 million, down 5.0% from the same period of the previous year, because of the impact of foreign exchange despite strong sales of fancy twisted yarn.」
The impact of foreign exchange caused revenue from Other businesses to decline 5.0% year on year. - FY2017-Q3MaterialisedAnnual report
「Revenue from Other businesses was ¥486 million, down 1.7% from the same quarter of the previous year, because of the impact of foreign exchange despite strong sales of fancy twisted yarn. Segment profit improved to ¥1 million, compared with a segment loss of ¥6 million in the same quarter of the previous year.」
The impact of foreign exchange caused revenue from Other businesses to decline 1.7% year on year, showing that foreign-exchange risk continues to affect results. - FY2017-Q1MaterialisedAnnual report
「Uncertainty about the outlook continues, including concerns that a stronger yen could worsen corporate earnings, downside risks to overseas economies, and weakness in the stock market.」
Concerns about yen appreciation were identified, and a foreign-exchange loss of ¥12.523 million was recorded during the quarter. - FY2016First statedAnnual report
「The company expects procurement of products from overseas to increase over the medium term, and this could cause foreign-exchange movements to affect its results.」
Although the company hedges through forward foreign-exchange contracts and other instruments, it also recorded a foreign-exchange loss of ¥9.848 million during the period.