Risk of Higher Costs Due to Exchange-Rate Fluctuations on Imported Products
First written in FY2022. 6 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 44 of 68 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「For some foreign-currency-denominated operating monetary liabilities, the Company uses forward foreign exchange contracts within the scope of future foreign-currency transactions to mitigate the risk of future foreign exchange movements.」
The Company explicitly states that it addresses foreign exchange risk associated with imported products and other goods by using forward foreign exchange contracts. - FY2026-H1RestatedAnnual report
「During the six months ended 30 September 2025 (from 1 April 2025 to 30 September 2025), Japan’s economy was on a moderate recovery trend, but the outlook remained uncertain due to factors including persistently high raw material prices and inflation.」
The Company continues to cite external conditions that could lead to higher costs for imported products and other goods, including soaring raw material prices and inflation. - FY2025-H1RestatedAnnual report
「During the six months ended 30 September 2024 (from 1 April 2024 to 30 September 2024), Japan’s economy was on a moderate recovery trend, but the outlook remained uncertain due to factors including heightened geopolitical risks, persistently high raw material prices, and inflation.」
The Company continues to cite the business environment, including geopolitical risks, soaring raw material prices, and continuing inflation, as external factors that could lead to higher costs for imported products and other goods. - FY2024-Q3RestatedAnnual report
「During the nine months ended the third quarter, Japan’s economy saw the resumption of economic activity as the legal classification of COVID-19 was relaxed, but the outlook remained uncertain amid sharp fluctuations in the yen exchange rate and developments in prices.」
The Company continues to cite external conditions that could lead to higher costs for imported products and other goods, including fluctuations in the yen exchange rate and developments in prices. - FY2024-Q2RestatedAnnual report
「Although the global tightening of monetary policy has raised the risk of an economic downturn, and resource prices and inflation have risen due to the weaker yen, the outlook remains uncertain.」
The Company continues to cite external conditions that could lead to higher costs for imported products and other goods, including soaring resource prices and inflation caused by a weaker yen. - FY2024-Q1RestatedAnnual report
「Although the global tightening of monetary policy has raised the risk of an economic downturn, and resource prices and inflation have risen due to the weaker yen, the outlook remains uncertain.」
The Company continues to cite external conditions that could lead to higher costs for imported products and other goods, including soaring resource prices and inflation caused by a weaker yen. - FY2023-Q3RestatedAnnual report
「While the impact of COVID-19 has eased and economic activity has moved toward normalization, factors weighing on the economy, including the prolonged conflict in Ukraine, soaring raw material prices and the yen’s depreciation, have become more prominent. The outlook therefore remains uncertain.」
The Company continues to cite external conditions that could lead to higher costs for imported products and other goods, including soaring raw material prices and the continuing depreciation of the yen. - FY2023-Q2MaterialisedAnnual report
「Sales of the brands handled by the Group increased from the same cumulative period of the previous year, partly due to the sales contribution from new brands acquired in the previous fiscal year. However, the results fell short of the initial plan because of the deteriorating external environment, including China’s zero-COVID policy and a weaker yen.」
The deterioration in the external environment, including China’s zero-COVID policy and a weaker yen, is specifically cited as a factor causing the performance of the handled brands to fall short of the initial plan. - FY2023-Q1MaterialisedAnnual report
「Although the brand value enhancement business, consisting of the acquisition and development of proprietary brands, which began in the third quarter of the previous fiscal year, contributed to sales, its contribution to profit in the first quarter of the current fiscal year was limited due to advertising spending and the weaker yen.」
The impact of a weaker yen is specifically cited as a factor limiting Brand Value-Up’s contribution to profit in the current quarter. - FY2022First statedAnnual report
「In addition, the products handled through Brand Value-Up are primarily imported from overseas. Accordingly, if foreign exchange movements, mainly a weaker yen, increase product costs and the Company is unable to pass those increases on through selling prices, this could affect the Group’s financial position and operating results.」
The Company identified higher product costs caused by a weaker yen and other factors, and the inability to pass those increases through to prices, as new risks associated with handling imported products through Brand Value-Up.