Risk of foreign-exchange valuation losses associated with overseas store expansion
First written in FY2018. 4 of 10 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2025: 73 of 159 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「The Group currently operates 420 company-owned or franchised stores in 16 countries and regions as its overseas business, holds assets and liabilities denominated in local currencies, and records revenue in local currencies. As it continues to accelerate store openings in each region, further increases in local-currency-denominated assets, liabilities and revenue are expected.」
Overseas operations expanded from 389 stores in 14 countries and regions to 420 stores in 16 countries and regions, explicitly indicating increased foreign-exchange exposure. - FY2025MaterialisedAnnual report
「Regarding consolidated results for the current consolidated fiscal year, amid rising raw-material prices and labor costs, as well as the impact of foreign-exchange losses」
Foreign-exchange risk actually affected results for the current period through the recognition of foreign-exchange losses. - FY2025-H1MaterialisedAnnual report
「During the second quarter of the current consolidated accounting period (July–September 2024), the rapid appreciation of the yen resulted in foreign-exchange losses of ¥1,354 million, among other effects」
Foreign-exchange risk materialized in actual earnings as a ¥1,354 million foreign-exchange loss resulting from the rapid appreciation of the yen. - FY2024SoftenedAnnual report
「The Group currently operates 389 company-owned or franchised stores in 12 countries and regions as its overseas business, holds assets and liabilities denominated in local currencies, and records revenue in local currencies. As it continues to accelerate store openings in each region, further increases in local-currency-denominated assets, liabilities and revenue are expected.」
The number of overseas stores fell from 395 in the previous fiscal year to 389, reducing current foreign-exchange exposure on a store-count basis. However, the expected increase resulting from accelerated future store openings continues to be identified. - FY2023AdvancedAnnual report
「The Group currently operates 395 company-owned or franchised stores in 12 countries and regions as its overseas business, holds assets and liabilities denominated in local currencies, and records revenue in local currencies. As it continues to accelerate store openings in each region, further increases in local-currency-denominated assets, liabilities and revenue are expected.」
The number of overseas stores increased from 376 to 395, increasing foreign-exchange exposure associated with local-currency-denominated assets, liabilities and revenue. - FY2022AdvancedAnnual report
「The Group currently operates 376 company-owned or franchised stores in 12 countries and regions as its overseas business, holds assets and liabilities denominated in local currencies, and records revenue in local currencies. As it accelerates store openings in each region, further increases in local-currency-denominated assets, liabilities and revenue are expected.」
The number of overseas stores increased from 357 to 376, increasing foreign-exchange exposure associated with local-currency-denominated assets, liabilities and revenue. - FY2021AdvancedAnnual report
「The Group currently operates 357 company-owned or franchised stores in 12 countries and regions as its overseas business, holds assets and liabilities denominated in local currencies, and records revenue in local currencies. As it accelerates store openings in each region, further increases in local-currency-denominated assets, liabilities and revenue are expected.」
The number of overseas stores increased from 227 to 357, and the expansion of foreign-exchange exposure and the planned acceleration of future store openings were explicitly identified. - FY2020WorsenedAnnual report
「Overseas 227」
By region, the number of overseas stores was 227, up from 199 disclosed in FY2019. Exposure to local-currency-denominated assets, liabilities and revenue in 12 countries and regions has increased. - FY2019WorsenedAnnual report
「The Group currently operates 199 company-owned or franchised stores in 12 countries and regions as its overseas business, holds assets and liabilities denominated in local currencies, and records revenue in local currencies.」
The number of overseas stores increased from 157 in the previous fiscal year to 199, increasing foreign-exchange exposure associated with local-currency-denominated assets, liabilities and revenue. - FY2018First statedAnnual report
「The Company currently operates 157 company-owned or franchised stores in 12 countries and regions, holds assets and liabilities denominated in local currencies, and records revenue in local currencies.」
The risk of valuation losses from exchange-rate movements affecting local-currency-denominated assets, liabilities and revenue was explicitly identified in connection with the operation of 157 stores in 12 countries and regions.