Performance pressured by yen appreciation and foreign currency translation
First written in FY2017-Q1. 8 of 33 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
Nagano Keiki moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2019: 69 of 120 companies on the "Worse" side.
33 other companies' latest entry also says "Other".
- FY2026Shift from foreign exchange losses to foreign exchange gainsAnnual report
「Non-operating expenses for the current consolidated fiscal year decreased by ¥42 million from the previous consolidated fiscal year due to the foreign exchange loss incurred in the prior period, to ¥600 million, down 6.6% from the prior period.」
The impact of the foreign exchange loss incurred in the prior period diminished, and the current period included a ¥2 million foreign exchange gain in the consolidated income statement. The downward impact of foreign exchange on performance changed from the prior period. - 2026-05-13RestatedRevision of earnings forecasts
「また、当社グループは海外比率が高いことから、為替レートの変動により外貨建決算数値の円換算において、金額変動の影響を受けます。2027年３月期は、保守的な為替レート（１米ドル＝150円、１ユーロ＝175円）を想定しております。」
海外比率を背景とする為替換算影響と、次期業績予想に用いる為替レートを再掲した。 - FY2026-H1MaterialisedAnnual report
「At the US subsidiary, the impact of the previously anticipated tariff policies was limited. Although both pressure gauges and pressure sensors increased in US dollar terms year on year, mainly due to industrial machinery-related products, sales declined in yen terms because of the yen’s appreciation.」
Despite higher sales in US dollar terms, yen appreciation reduced yen-denominated sales, and the downward impact of currency fluctuations became apparent in the results. - FY2025-H1MaterialisedAnnual report
「Ordinary profit was ¥4,010 million, down 0.7% from the same interim period of the prior year, due to lower dividend income, lower equity-method investment gains, and the recording of a foreign exchange loss, among other factors.」
The company recorded a foreign exchange loss of ¥7 million in the current interim period, compared with a foreign exchange gain in the prior-year period, and the downward impact of currency fluctuations on performance re-emerged in the results. - FY2024RestatedAnnual report
「There was also an increase in yen-denominated amounts due to the weaker yen.」
Higher yen-denominated overseas sales due to the weaker yen continued to contribute to revenue growth in the pressure gauge and pressure sensor businesses. Meanwhile, the impact of higher import procurement costs due to the weaker yen was also disclosed. - FY2024-Q2RestatedAnnual report
「There was also an increase in yen-denominated amounts due to the weaker yen.」
Higher yen-denominated overseas sales due to the weaker yen continued to contribute to revenue growth, while import procurement costs in Japan continued to rise as a result of the weaker yen. - FY2024-Q1RestatedAnnual report
「There was also an increase in yen-denominated amounts due to the weaker yen.」
As in the prior period, higher yen-denominated overseas sales due to the weaker yen contributed to revenue growth in the pressure gauge and pressure sensor businesses. - FY2023-Q3RestatedAnnual report
「There was also an increase in yen-denominated amounts due to the weaker yen.」
As in the previous quarter, higher yen-denominated overseas sales due to the weaker yen contributed to revenue growth in both the pressure gauge and pressure sensor businesses. Meanwhile, import procurement costs in Japan continued to rise. - FY2023-Q2RestatedAnnual report
「There was also an increase in yen-denominated amounts due to the weaker yen.」
The increase in yen-denominated overseas sales due to the weaker yen and higher import procurement costs in Japan continued to coexist. Total assets also included a ¥2,675 million increase in yen-denominated amounts due to the weaker yen. - FY2023-Q1Higher translated overseas sales due to the weaker yen alongside higher import procurement costsAnnual report
「In Japan, machinery orders and construction orders remained at high levels, but the economy came under downward pressure from higher import procurement costs due to the weaker yen, as well as shortages of electronic components and other items.」
Unlike the previous downward impact of the yen’s appreciation on performance, the weaker yen increased yen-denominated sales and contributed to revenue, while higher import procurement costs put downward pressure on economic activity and profitability, demonstrating both effects. - FY2022RestatedAnnual report
「For our group, yen appreciation against other currencies tends to reduce profit, while yen depreciation tends to increase profit. The estimated annual impact of a ¥1 movement in the yen against the US dollar on operating profit is approximately ¥14 million.」
The company continues to disclose the impact of yen appreciation and depreciation on profit, as well as its estimate that a ¥1 movement in the yen against the US dollar would affect annual operating profit by approximately ¥14 million. - FY2022-Q3Foreign exchange losses narrowed significantlyAnnual report
「Foreign exchange loss 148,196 11,533」
The cumulative foreign exchange loss through the third quarter fell sharply from ¥148 million in the prior-year period to ¥11 million. - FY2022-Q2Change from foreign exchange gains to foreign exchange lossesAnnual report
「Foreign exchange loss 117,694 16,340」
Although a foreign exchange gain of ¥8 million was recorded in the previous quarter, the cumulative second quarter swung to a foreign exchange loss of ¥16 million. However, this was down from the ¥117 million foreign exchange loss in the prior-year period. - FY2022-Q1Shift from Foreign-Exchange Losses to Foreign-Exchange GainsAnnual report
「Foreign exchange gain － 8,045」
The company swung from a foreign exchange loss of ¥101 million in the prior-year period to a foreign exchange gain of ¥8 million in the current first quarter. - FY2021-Q3WorsenedAnnual report
「Foreign exchange loss 64,139 148,196」
The cumulative foreign exchange loss through the third quarter was ¥148 million, up from ¥64 million in the prior-year period. The downward impact of currency fluctuations on performance is intensifying. - FY2021-Q2WorsenedAnnual report
「Foreign exchange loss 63,906 117,694」
The foreign exchange loss for the cumulative second quarter was ¥117 million, up from ¥64 million in the prior-year period. The downward impact of currency fluctuations on performance is intensifying. - FY2021-Q1WorsenedAnnual report
「Foreign exchange loss 40,637 101,384」
The foreign exchange loss increased from ¥40 million in the prior-year period to ¥101 million, intensifying the downward impact of currency fluctuations on performance. - FY2020Estimate the impact of currency fluctuationsAnnual report
「The estimated annual impact of a ¥1 movement in the yen against the US dollar on operating profit is approximately ¥14 million.」
For the first time, the company has provided a specific estimate of the annual impact of foreign exchange risk on operating profit. It also recorded a foreign exchange loss of ¥104 million in the current period. - FY2020-Q3MaterialisedAnnual report
「There was also an impact from lower consolidated sales on currency translation resulting from the yen’s appreciation against the US dollar compared with the prior-year period.」
The decline in consolidated sales on currency translation due to the yen’s appreciation weighed on cumulative sales through the third quarter. - FY2020-Q2WorsenedAnnual report
「Foreign exchange loss 44,018 63,906」
The foreign exchange loss increased from ¥44 million in the prior-year period to ¥63 million for the cumulative second quarter, intensifying the downward impact of currency fluctuations on performance. - FY2020-Q1WorsenedAnnual report
「Foreign exchange loss 23,609 40,637」
The foreign exchange loss increased from ¥23 million in the prior-year period to ¥40 million in the current first quarter, intensifying the downward impact of currency fluctuations on performance. - FY2019WorsenedAnnual report
「Foreign exchange loss 114,912」
The foreign exchange loss in non-operating expenses increased from ¥391 thousand in the prior period to ¥114.912 million, and the downward impact of currency fluctuations on full-year performance became apparent. - FY2019-Q3WorsenedAnnual report
「Ordinary profit was ¥2,320 million, down 6.6% year on year, due to the impact of currency fluctuations.」
Ordinary profit declined 6.6% year on year due to currency fluctuations, while the cumulative foreign exchange loss through the third quarter also increased to ¥95 million. The downward impact of foreign exchange risk on performance has become even more pronounced than in the previous quarter. - FY2019-Q2MaterialisedAnnual report
「Foreign exchange loss － 44,018」
A foreign exchange loss of ¥44 million was recorded for the six-month period of the current consolidated fiscal year, and the downward impact of currency fluctuations on performance continues. - FY2019-Q1MaterialisedAnnual report
「Foreign exchange loss － 23,609」
The company recorded a foreign exchange loss of ¥23 million in the current quarter, compared with a foreign exchange gain of ¥59 million in the prior-year period, and the downward impact of foreign exchange on performance has re-emerged in the results. - FY2018Foreign exchange losses narrowed significantlyAnnual report
「Foreign exchange loss 15,435 391」
The disclosure of foreign exchange risk continued, but the foreign exchange loss recorded in non-operating expenses declined from ¥15 million in the prior period to ¥391 thousand in the current period. - FY2018-Q3RestatedAnnual report
「There was also an increase in sales on currency translation due to the weaker yen.」
As in the previous quarter, sales on currency translation due to the weaker yen contributed to higher revenue in the pressure gauge and pressure sensor businesses. - FY2018-Q2Revenue growth and swing to a foreign exchange gain due to the weaker yenAnnual report
「There was also an increase in sales on currency translation due to the weaker yen.」
Unlike the downward pressure from the yen’s appreciation through the previous quarter, the yen’s depreciation contributed to higher sales on currency translation in the pressure gauge and pressure sensor businesses during the current quarter. A foreign exchange gain of ¥48 million was also recorded in non-operating income. - FY2018-Q1Ongoing foreign exchange riskAnnual report
「In Japan, capital investment and production activity have continued to recover gradually against a backdrop of improved corporate earnings and solid employment and income conditions, although uncertainty remains regarding the outlook, including currency fluctuations.」
The company swung from a foreign exchange loss in the prior-year period to a foreign exchange gain in the current quarter, but uncertainty over the outlook due to currency fluctuations continues to be disclosed. - FY2017MaterialisedAnnual report
「In addition, the impact of lower consolidated sales on currency translation resulting from the yen’s appreciation against the US dollar compared with the prior-year period brought sales to ¥4,419 million, down 1.7% year on year.」
The decline in consolidated sales on currency translation due to the yen’s appreciation continues to weigh on full-year sales. Foreign exchange losses of ¥15 million were also recorded in non-operating expenses. - FY2017-Q3MaterialisedAnnual report
「Net sales were ¥31,090 million, down 8.6% year on year, due to the impact of a decline arising from foreign-currency translation on a consolidated basis as the exchange rate against the US dollar became stronger yen than in the same period of the previous year.」
The decline in consolidated sales on currency translation due to the yen’s appreciation against the prior-year period continues to weigh on reported sales. - FY2017-Q2MaterialisedAnnual report
「Ordinary profit decreased 39.0% from the same period of the previous year because the company recorded a ¥107 million foreign-exchange loss due to the stronger yen, compared with a ¥51 million foreign-exchange gain in the same period of the previous year.」
In addition to the decline in sales due to foreign-currency translation caused by the stronger yen, foreign-exchange risk materialized in performance as the company moved from a foreign-exchange gain in the same period of the previous year to a ¥107 million foreign-exchange loss in the current period. - FY2017-Q1First statedAnnual report
「Conditions remained uncertain because of factors including the impact of the stronger yen, which had continued since the beginning of the year, on corporate earnings.」
The company states that the stronger yen affected domestic corporate earnings, while foreign-currency translation in the consolidated financial statements reduced net sales and comprehensive income.