Downward pressure from yen appreciation on overseas operations and consolidated results
First written in FY2017-Q1. 14 of 20 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 69 of 120 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If the yen appreciates against the currencies in which overseas subsidiaries' assets and liabilities are denominated, foreign currency translation adjustments relating to those subsidiaries will arise, creating a risk of lower net assets. In addition, the earnings of overseas subsidiaries are primarily denominated in foreign currencies, including their local currencies, and further yen appreciation will negatively affect the group's consolidated net income.」
The effects of yen appreciation on foreign currency translation adjustments for overseas subsidiaries, net assets and consolidated net income continue to be cited as risks. - FY2024RestatedAnnual report
「If the yen appreciates against the currencies in which overseas subsidiaries' assets and liabilities are denominated, foreign currency translation adjustments relating to those subsidiaries will arise, creating a risk of lower net assets. In addition, the earnings of overseas subsidiaries are primarily denominated in foreign currencies, including their local currencies, and further yen appreciation will negatively affect the group's consolidated net income.」
The effects of yen appreciation on foreign currency translation adjustments for overseas subsidiaries, net assets and consolidated net income continue to be cited as risks. - FY2023-Q2RestatedAnnual report
「Although the depreciation of the yen overseas had a positive impact through foreign currency translation, consolidated revenue declined year on year, mainly because of the significant impact of production adjustments by automobile manufacturers resulting from shortages of semiconductors and other components in Japan.」
Although yen depreciation overseas had a positive impact on foreign currency translation, the significant impact of domestic production adjustments caused consolidated revenue to decline year on year. - FY2023-Q1ReframedAnnual report
「Although the depreciation of the yen overseas had a positive impact through foreign currency translation, consolidated revenue declined year on year, mainly because of the significant impact of production adjustments by automobile manufacturers resulting from shortages of semiconductors and other components in Japan.」
The explanation has shifted from the previous description of downward pressure from yen appreciation and local currency depreciation to noting the positive impact of yen depreciation on the foreign currency translation of overseas revenue during the quarter. Meanwhile, the significant impact of domestic production adjustments caused consolidated revenue to decline. - FY2022ReframedAnnual report
「If the yen appreciates against the currencies in which overseas subsidiaries' assets and liabilities are denominated, foreign currency translation adjustments relating to those subsidiaries will arise, creating a risk of lower net assets. In addition, the earnings of overseas subsidiaries are primarily denominated in foreign currencies, including their local currencies, and further yen appreciation will negatively affect the group's consolidated net income.」
In addition to the previous explanation of the impact on foreign exchange losses and procurement costs, the risks have been organized to include the effects of yen appreciation on foreign currency translation adjustments for overseas subsidiaries' assets and liabilities and on consolidated net income. - FY2021-Q3RestatedAnnual report
「Segment loss was ¥74 million, compared with a segment loss of ¥33 million in the same period of the previous year, due to lower sales, higher procurement costs for imported products resulting from sterling depreciation, and costs associated with site consolidation.」
Higher procurement costs for imported products resulting from sterling depreciation continue to be reflected in the European segment's results as a factor behind the loss. - FY2021-Q2RestatedAnnual report
「The sluggish sales volumes of Japanese automakers since the first half of the previous fiscal year, compounded by the impact of the spread of COVID-19, resulted in a significant production decline at major customer manufacturers. As a result, revenue was ¥339 million, down 53.5% year on year. Segment loss was ¥78 million, compared with a segment loss of ¥15 million in the same period of the previous year, due to lower sales, higher procurement costs for imported products resulting from sterling depreciation, and costs associated with site consolidation.」
In Europe, higher procurement costs for imported products resulting from sterling depreciation continue to be reflected in the results as a factor behind segment loss, together with site consolidation costs and lower sales. - FY2021-Q1RestatedAnnual report
「Segment loss was ¥23 million, compared with segment profit of ¥0 million in the same period of the previous year, due to lower sales, higher procurement costs for imported products resulting from sterling depreciation, and costs associated with site consolidation.」
Higher procurement costs for imported products resulting from sterling depreciation in the UK continue to be reflected in the European segment's results as a factor behind the loss. - FY2020-Q3RestatedAnnual report
「Consolidated operating profit also fell below the same period of the previous year, affected by lower sales in each region, higher raw material costs including increased steel tariffs in the Americas, and higher procurement costs resulting from local currency depreciation in China and the UK.」
Higher procurement costs resulting from local currency depreciation in China and the UK continue to be cited as factors weighing on operating profit. - FY2020-Q2RestatedAnnual report
「Consolidated operating profit also fell below the same period of the previous year, affected by lower sales in each region, higher raw material costs including increased steel tariffs in the Americas, and higher procurement costs resulting from local currency depreciation in China and the UK.」
Higher procurement costs resulting from local currency depreciation in China and the UK continue to be cited as factors weighing on operating profit. - FY2020-Q1ReframedAnnual report
「Consolidated operating profit also fell below the same period of the previous year, affected by lower sales in each region, higher raw material costs including increased steel tariffs in the Americas, and higher procurement costs resulting from local currency depreciation in China and the UK.」
The explanation of foreign exchange effects has been updated from the previous references to yen appreciation, sterling depreciation and foreign exchange losses to state that local currency depreciation in China and the UK pushed up procurement costs. - FY2019ReframedAnnual report
「Ordinary profit for the consolidated fiscal year was ¥4,195 million, down 2.6% year on year, mainly due to an increase in foreign exchange losses.」
The explanation has been updated from the previous regional description of yen appreciation and sterling depreciation to state that increased foreign exchange losses weighed on ordinary profit during the period. - FY2018RestatedAnnual report
「The impact of sterling depreciation was significant, resulting in revenue of ¥2,039 million, down 1.0% year on year, and segment profit of ¥88 million, down 63.8%.」
Sterling depreciation, which has become the focus instead of the impact of yen appreciation, continues to be cited as a factor behind the European segment's full-year revenue and profit declines. - FY2018-Q3RestatedAnnual report
「⑤ Europe The significant impact of the weaker pound resulted in revenue of ¥1.484 billion, down 6.0% year on year, and segment profit of ¥48 million, down 77.4% year on year.」
The foreign-exchange impact, previously focused on the stronger yen and now on the weaker pound, continues to be cited as a factor behind lower revenue and profit in the Europe segment. - FY2018-Q2ReframedAnnual report
「Consolidated revenue exceeded the previous period, but consolidated operating profit fell below the previous period, affected by the weaker pound in the UK and other factors.」
The focus of the previously cited foreign-exchange impact has shifted from the stronger yen to the weaker pound, which is specifically cited this quarter as a factor weighing on consolidated operating profit. - FY2018-Q1RestatedAnnual report
「Under these conditions, the group worked to expand performance through proactive business development. However, partly due to the impact of the stronger yen, consolidated revenue and all profit measures fell below the previous period.」
The impact of the stronger yen continues to appear in the results as a factor weighing on consolidated revenue and all profit measures. - FY2017RestatedAnnual report
「The significant impact of the stronger yen resulted in consolidated revenue and all profit measures falling below the previous period.」
The stronger yen continues to appear in the full-year results as a cause of lower revenue and lower profit. - FY2017-Q3RestatedAnnual report
「Under these conditions, the group worked to expand performance through proactive business development. However, the significant impact of the stronger yen resulted in consolidated revenue, consolidated operating profit and consolidated ordinary profit falling below the previous period.」
The impact of the stronger yen continues to be cited as a factor weighing on consolidated revenue, operating profit and ordinary profit. - FY2017-Q2RestatedAnnual report
「Under these conditions, the group worked to expand performance through proactive business development. However, the significant impact of the stronger yen resulted in consolidated revenue, consolidated operating profit and consolidated ordinary profit falling below the previous period.」
The impact of the stronger yen continues to appear in the results as a factor weighing on consolidated revenue, operating profit and ordinary profit. - FY2017-Q1First statedAnnual report
「Under these conditions, the group worked to expand performance through proactive business development. However, the significant impact of the stronger yen resulted in revenue and all profit measures falling below the previous period.」
The impact of the stronger yen is cited as an actual cause of lower revenue and lower profit.