Foreign-Exchange Risk from Overseas Sales and Foreign-Currency Transactions
First written in FY2016. 30 of 33 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-10-15.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2026-H1MaterialisedAnnual report
「Overall dental product sales increased, supported by continued yen depreciation, which lifted overseas sales, the resumption of diamond bur sales in China and increased orders at the German subsidiary MMG, among other factors.」
With respect to foreign exchange risk, continued yen depreciation lifted overseas sales and appeared in FY2026-H1 results as a factor behind the recording of ¥564 million in foreign exchange gains and the increase in ordinary profit. - FY2024-Q3MaterialisedAnnual report
「Ordinary profit was ¥7,125 million, up 23.3% year on year, due to an increase in operating profit and the recording of foreign exchange gains.」
The impact of foreign exchange movements appeared in the FY2024-Q3 cumulative results as the recording of ¥447 million in foreign exchange gains and a 23.3% year-on-year increase in ordinary profit. - FY2024-Q2MaterialisedAnnual report
「Revenue performed strongly at ¥13,908 million, up 15.7% year on year, supported by increased sales primarily in Asia, North America and Europe, as well as higher overseas sales due to yen depreciation.」
The impact of foreign exchange movements appeared in the FY2024-Q2 cumulative results as higher overseas sales due to yen depreciation, a factor behind the increase in revenue. - FY2024-Q1MaterialisedAnnual report
「Ordinary profit was ¥2,349 million, up 35.4% year on year, due to a substantial increase in operating profit and the recording of foreign exchange gains.」
The impact of foreign exchange movements appeared in the quarter’s results as the recording of ¥88 million in foreign exchange gains and a 35.4% year-on-year increase in ordinary profit. - FY2023MitigatedAnnual report
「The company mitigates the impact of foreign exchange movements in overseas transactions by selling some products in yen. It also conducts foreign exchange sensitivity analyses to assess the impact on operating results and has established a framework for rapid decision-making when risks materialize by setting basic policies and procedures for risk hedging.」
While maintaining its foreign exchange exposure from substantial overseas sales and foreign-currency transactions, the company identifies sales in yen, foreign exchange sensitivity analysis, and the establishment of hedging policies and procedures as countermeasures. - FY2023-Q3MaterialisedAnnual report
「Revenue was ¥18,521 million, up 24.9% year on year, supported in part by the increase in overseas sales due to yen depreciation.」
The impact of foreign exchange movements associated with overseas sales and foreign-currency transactions appeared in the quarter’s results as higher overseas sales due to yen depreciation. - FY2023-Q2MaterialisedAnnual report
「Sales of dental root canal treatment instruments, including reamers and files, and dental rotary cutting instruments, including diamond burs, remained solid in Asia, particularly China and India. In addition, the weaker yen boosted earnings, resulting in higher revenue than in the same period of the previous year.」
The impact of foreign exchange movements appeared in the quarter’s results as higher profitability of dental-related products due to yen depreciation. - FY2023-Q1MaterialisedAnnual report
「Ordinary profit was ¥1,736 million, down 9.2% year on year, as foreign exchange gains recorded in the previous year disappeared, among other factors, despite increases in revenue and operating profit.」
The impact of foreign exchange movements appeared in the quarter’s results as the absence of foreign exchange gains recorded in the year-earlier period and a 9.2% year-on-year decrease in ordinary profit. - FY2022-Q3MaterialisedAnnual report
「Ordinary profit was ¥5,521 million, up 19.5% year on year, as foreign exchange gains increased from the year-earlier period, among other factors.」
The impact of foreign exchange movements, including the sharp depreciation of the yen, appeared in actual results as increased foreign exchange gains and a 19.5% year-on-year increase in ordinary profit. - FY2022-Q1MaterialisedAnnual report
「Ordinary profit was ¥1,911 million, up 50.3% year on year, as foreign exchange gains increased from the year-earlier period, among other factors.」
The impact of foreign exchange movements associated with overseas sales and foreign-currency transactions appeared in the quarter’s results as increased foreign exchange gains and a factor behind the 50.3% year-on-year increase in ordinary profit. - FY2021MaterialisedAnnual report
「Ordinary profit increased by ¥1,254 million year on year to ¥5,679 million, up 28.4%, as foreign exchange gains increased from the year-earlier period.」
The impact of foreign exchange movements associated with overseas sales and foreign-currency transactions appeared in current-year results as increased foreign exchange gains and a factor behind the increase in ordinary profit. - FY2021-Q3MaterialisedAnnual report
「Ordinary profit was ¥4,621 million, up 21.7% year on year, due to an increase in foreign exchange gains.」
The impact of overseas transactions and foreign exchange movements appeared in cumulative quarterly results as increased foreign exchange gains and a 21.7% year-on-year increase in ordinary profit. - FY2021-Q1MaterialisedAnnual report
「Ordinary profit was ¥1,271 million, down 19.5% year on year, as foreign exchange gains decreased from the year-earlier period despite an increase in operating profit, among other factors.」
The decline in foreign exchange gains appeared in actual results as a factor behind the 19.5% year-on-year decrease in ordinary profit, despite a slight increase in operating profit. - FY2020RestatedAnnual report
「The group has a high proportion of overseas sales and is increasing foreign-currency transactions with the aim of diversifying the currencies in which it generates sales. However, because transactions denominated in yen remain predominant, it does not specifically hedge its risks through forward exchange contracts or similar instruments. … Because production has been transferred to overseas subsidiaries and the group purchases products and other items denominated in foreign currencies, unexpected foreign exchange movements could affect the group’s financial position and operating results.」
The company continues to describe its foreign exchange exposure arising from a high proportion of overseas sales, limited foreign exchange hedging, foreign-currency-denominated purchases associated with production transfers, and yen conversion on consolidation. - FY2020-Q2MaterialisedAnnual report
「Ordinary profit was ¥3,012 million, up 3.1% year on year, due to an increase in foreign exchange gains.」
The impact of foreign exchange movements appeared in results for the cumulative second quarter as a factor explaining ordinary profit through the increase in foreign exchange gains. - FY2020-Q1MaterialisedAnnual report
「Ordinary profit was ¥1,578 million, down 5.3% year on year, due to an increase in foreign exchange gains from the year-earlier period.」
The impact of overseas transactions and foreign exchange movements appeared in the quarter’s results as increased foreign exchange gains, a factor explaining ordinary profit. - FY2019-Q3MaterialisedAnnual report
「Ordinary profit was ¥4,464 million, up 15.3% year on year, as foreign exchange losses increased from the year-earlier period despite an increase in operating profit.」
The increase in foreign exchange losses appeared in results for the cumulative third quarter as a factor explaining ordinary profit despite the increase in operating profit. - FY2019-Q2MaterialisedAnnual report
「Ordinary profit was ¥2,921 million, up 20.6% year on year, as foreign exchange losses increased from the year-earlier period despite an increase in operating profit.」
The increase in foreign exchange losses appeared in results for the cumulative second quarter as a factor explaining ordinary profit despite the increase in operating profit. - FY2019-Q1MaterialisedAnnual report
「Ordinary profit was ¥1,667 million, up 35.5% year on year, as foreign exchange gains decreased from the year-earlier period despite an increase in operating profit.」
The decline in foreign exchange gains appeared in the quarter’s results as a factor explaining ordinary profit despite the increase in operating profit. - FY2018MaterialisedAnnual report
「Ordinary profit was ¥5,221 million, up 12.9% year on year, as foreign exchange gains decreased from the previous fiscal year despite an increase in operating profit.」
The impact of foreign exchange movements appeared in full-year results as a factor explaining ordinary profit through the decrease in foreign exchange gains. - FY2018-Q3MaterialisedAnnual report
「The two German subsidiaries, Schütz Dental GmbH and GDF Gesellschaft für dentale Forschung und Innovationen GmbH, also recorded a substantial increase in yen-converted sales due to the euro’s appreciation. Ordinary profit was ¥3,871 million, up 12.8% year on year, due to a decrease in foreign exchange gains.」
Foreign exchange movements appeared in actual results. The euro’s appreciation lifted SDG’s yen-converted sales, while the decline in foreign exchange gains was a factor explaining ordinary profit. - FY2018-Q2MaterialisedAnnual report
「Ordinary profit was ¥2,421 million, up 1.3% year on year, due to a decrease in foreign exchange gains.」
The decline in foreign exchange gains appeared in actual results as a factor explaining ordinary profit for the cumulative second quarter. Meanwhile, the company stated that SDG’s sales increased due to the euro’s appreciation. - FY2018-Q1MaterialisedAnnual report
「Ordinary profit was ¥1,231 million, down 1.2% year on year, due to a decrease in foreign exchange gains.」
The decline in foreign exchange gains appeared in the quarter’s results as a factor behind the year-on-year decrease in ordinary profit. - FY2017MaterialisedAnnual report
「At the German subsidiaries Schütz Dental GmbH and GDF Gesellschaft für dentale Forschung und Innovationen GmbH (collectively, “SDG”), sales of implants and precious metals for dental use remained sluggish, in addition to the impact of yen appreciation.」
The impact of yen appreciation on the yen-converted value of overseas sales again appeared as sluggish sales at SDG in the current fiscal year. Foreign exchange gains were also recorded on a consolidated basis. - FY2017-Q3MaterialisedAnnual report
「At the two German subsidiaries, Schütz Dental GmbH and GDF Gesellschaft für dentale Forschung und Innovationen GmbH (collectively, “SDG”), performance remained sluggish due to the impact of yen appreciation and weak implant sales, among other factors.」
Yen appreciation continued to appear in actual results as a factor behind SDG’s sluggish sales. At the consolidated level, foreign exchange gains were also recorded. - FY2017-Q2MaterialisedAnnual report
「SDG conducted active sales activities to establish a European sales base for the company’s products, but performance remained sluggish, partly because the yen appreciation reduced the yen-converted value of foreign-currency-denominated sales.」
The decline in the yen-converted value of foreign-currency-denominated sales due to yen appreciation was again specifically cited as a factor behind SDG’s sluggish sales in the quarter. - FY2017-Q1MaterialisedAnnual report
「The two German subsidiaries, Schütz Dental GmbH and GDF Gesellschaft für dentale Forschung und Innovationen GmbH (collectively, “SDG”), performed sluggishly, partly because the yen appreciation reduced the yen-converted value of foreign-currency sales, and overall revenue increased only slightly.」
The decline in the yen-converted value of foreign-currency sales due to yen appreciation was specifically cited as a factor behind SDG’s sluggish sales, with the impact of foreign exchange risk also appearing in the quarter. - FY2016First statedAnnual report
「The group has a high proportion of overseas sales and is increasing foreign-currency transactions with the aim of diversifying the currencies in which it generates sales. However, because transactions denominated in yen remain predominant, it does not specifically hedge its risks through forward exchange contracts or similar instruments. … Ordinary profit was ¥4,055 million, down ¥290 million year on year, as foreign exchange losses increased.」
Against the backdrop of a high proportion of overseas sales and foreign-currency transactions, the company disclosed foreign exchange risk separately for the first time, with increased foreign exchange losses weighing on ordinary profit in the current fiscal year.