Impact of Yen Appreciation on Overseas Sales
First written in FY2017-Q1. 7 of 14 entries say "Restated". Latest entry: 2026-08-06.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- 2026-08-06ReframedRevision of earnings forecasts
「Net sales reached ¥130.596 billion, up 10.3% year on year, setting a new record high, partly due to the positive impact of the weaker yen.」
In contrast to the recent disclosure of a negative impact from the stronger yen, the quarter benefited from the positive impact of the weaker yen. - FY2026MaterialisedAnnual report
「Overseas revenue declined due to foreign exchange effects, but in the commercial aircraft field, demand expanded for equipment installed for aircraft manufacturers and replacement parts for airlines as air passenger demand increased.」
Regarding foreign-exchange risk, the full-year disclosure stated that overseas sales in the aircraft equipment business declined due to exchange-rate effects despite expanding overseas demand. The existing impact of exchange rates has been confirmed in the results. - FY2026-H1MaterialisedAnnual report
「As a result, despite downward pressure from the continuing appreciation of the yen, revenue for the interim consolidated accounting period was ¥256,342 million, up 2.0% year on year.」
The document states that the yen's appreciation actually weighed on overseas performance during the interim consolidated accounting period. - FY2025ReframedAnnual report
「While advancing business activities as described above, the business environment surrounding the company has become more uncertain due to the impact of a stronger yen and US tariff policy.」
Regarding foreign exchange risk, in addition to the traditional adverse impact of a stronger yen on overseas results, a stronger yen has been explicitly identified as an uncertainty factor in the business environment for the fiscal year ending March 2026. - FY2024-Q3RestatedAnnual report
「As a result, partly reflecting the positive effect of yen depreciation, for the third quarter cumulative consolidated period, net sales rose 7.7% year on year to ¥365,623 million, operating income rose 10.8% to ¥50,747 million, ordinary income rose 9.5% to ¥52,913 million, and net income attributable to owners of the parent rose 8.7% to ¥39,055 million. All four figures reached record highs.」
The disclosure continues to state that yen depreciation was a factor supporting operating performance. - FY2024-Q2ReframedAnnual report
「As a result, performance for the cumulative second quarter of the current consolidated fiscal year benefited partly from the yen's depreciation. Revenue was ¥239.514 billion, up 7.9% year on year; operating profit was ¥32.505 billion, up 12.4%; ordinary profit was ¥35.851 billion, up 8.2%; and profit attributable to owners of the parent was ¥26.55 billion, up 8.4%. All reached record highs.」
Regarding foreign exchange fluctuation risk, whereas the conventional explanation focused on the adverse effect of yen appreciation on overseas performance, the current quarter's disclosure identifies yen depreciation as a factor boosting performance. - FY2023RestatedAnnual report
「In general, a stronger yen against other currencies adversely affects the Group's business, and excessive exchange-rate volatility may affect the Group's operating results and financial position.」
The explanation of foreign exchange risk, whereby a stronger yen adversely affects overseas operations, continues. At the same time, the current fiscal year’s results also describe the positive effect of a weaker yen. - FY2023-Q2ReframedAnnual report
「Meanwhile, uncertainty continued in Japan due in part to the ongoing depreciation of the yen.」
In contrast to the previous description of adverse effects on overseas sales from the stronger yen, the continuing depreciation of the yen is now identified as a source of uncertainty in the business environment, while the earnings discussion also cites a positive foreign-exchange effect. - FY2021RestatedAnnual report
「In general, yen appreciation against other currencies adversely affects the Group's business, so excessive exchange-rate fluctuations may affect the Group's results of operations and financial position.」
The risk of an impact on performance from foreign exchange fluctuations associated with the global business, particularly from yen appreciation, has been reaffirmed as a business and other risk for the full year. - FY2020-Q1RestatedAnnual report
「In Europe, revenue declined because of stagnant market conditions and the impact of foreign exchange rates.」
The impact of foreign exchange rates continues to be cited as a factor behind the decline in European sales. - FY2017RestatedAnnual report
「The group's businesses include the production and sale of products worldwide, and approximately half of consolidated revenue is generated overseas. Accordingly, the value after translation into yen may be affected by the exchange rates used for conversion.」
With overseas sales accounting for approximately half of total sales, the risk has been reaffirmed that foreign exchange fluctuations may affect results and financial position after translation into yen. - FY2017-Q3RestatedAnnual report
「However, overseas revenue declined overall due to the stronger yen.」
The decline in overseas revenue due to the stronger yen continues to be noted. Company-wide revenue also declined 2.0% year on year. - FY2017-Q2RestatedAnnual report
「However, overseas revenue declined overall due to the stronger yen.」
The impact of a stronger yen on overseas revenue continued to be confirmed. Total company revenue was reported to be down 3.5% from the same quarter of the previous year. - FY2017-Q1First statedAnnual report
「Overseas sales declined overall due to the impact of yen appreciation.」
The impact of yen appreciation emerged as a decline in overseas sales during the quarter.