Improving resilience to exchange-rate fluctuations
First written in FY2016. 12 of 35 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
A&D HOLON Holdings moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Non-operating income was ¥869 million, an increase of ¥245 million from the previous consolidated fiscal year, due to higher foreign exchange gains resulting from yen depreciation and improved interest income and expenses against a backdrop of persistently high interest rates in various countries.」
The impact on earnings shifted from the foreign exchange loss recorded in the previous fiscal year to a ¥153 million foreign exchange gain resulting from yen depreciation in the current fiscal year. The foreign currency translation adjustment also increased by ¥1,559 million, indicating an improvement in the foreign exchange impact for the current fiscal year. - FY2026-H1Improved foreign exchange impactAnnual report
「In Europe, sales after translation into yen increased due to foreign exchange movements, despite continued sluggish sales amid weak local demand.」
In Europe, local demand remained weak, while sales after translation into yen increased due to foreign exchange movements. The foreign currency translation adjustment also increased by ¥241 million in the current interim period, compared with a decrease in the same period of the previous year. - FY2025MaterialisedAnnual report
「Although the stronger yen had an adverse foreign exchange impact, interest income and expenses improved as the company accelerated debt repayments amid higher interest rates in various countries. As a result, non-operating expenses decreased by ¥0 million year on year to ¥483 million.」
The stronger yen had an adverse impact, resulting in a ¥82 million foreign exchange loss. The impact of foreign exchange movements on earnings continues to be realized. - FY2025-H1MaterialisedAnnual report
「In the Americas, sales in local-currency terms declined as sluggish demand for home-use blood pressure monitors continued, but sales after translation into yen increased due to foreign exchange movements.」
The actual impact of foreign exchange movements caused local-currency sales to differ from sales after translation into yen. In the interim consolidated income statement, a ¥173 million foreign exchange loss was recorded, while the foreign currency translation adjustment in other comprehensive income decreased by ¥908 million. - FY2024RestatedAnnual report
「If exchange rates fluctuate sharply, foreign-currency transactions are affected through the translation of related receivables and payables, sales, and earnings.」
The company continues to address the risk that foreign exchange movements may affect overseas subsidiaries' sales and earnings translated into yen and foreign-currency receivables and payables, while maintaining a hedging policy using forward exchange contracts and other instruments. - FY2024-Q3RestatedAnnual report
「In Europe, sales in local-currency terms remained firm as the company maintained its local market share, but both sales and profit after translation into yen declined due to the substantial impact of foreign exchange movements.」
In Europe, local-currency sales remain firm, but sales and profit after translation into yen continue to decline due to foreign exchange movements. - FY2024-Q2Foreign exchange impact continues to vary by regionAnnual report
「In Europe, sales increased in local-currency terms as demand for blood pressure monitors recovered, but both sales and profit after translation into yen declined due to foreign exchange movements.」
In Europe, the recovery in local-currency sales coexisted with declines in sales and profit after translation into yen. The foreign currency translation adjustment also increased by ¥289 million. - FY2024-Q1Increase in the Foreign Currency Translation AdjustmentAnnual report
「This was attributable mainly to a ¥456 million increase in accumulated other comprehensive income due to an increase in the foreign currency translation adjustment, and a ¥279 million increase in shareholders' equity due to an increase in retained earnings.」
The increase in the foreign currency translation adjustment resulting from foreign exchange movements contributed to a ¥456 million increase in accumulated other comprehensive income. - FY2023-Q3MitigatedAnnual report
「During the six-month period of the second quarter of the consolidated fiscal year, the increase in cost of sales related to the elimination of unrealized gains on inventories was mitigated as the yen depreciation peaked.」
The negative impact of rapid yen depreciation on profit continues, but the impact related to the elimination of unrealized gains on inventories was mitigated as the yen depreciation peaked. - FY2023-Q2MaterialisedAnnual report
「The sharp depreciation of the yen significantly reduced profit through higher cost of sales related to the elimination of unrealized gains on inventories.」
The impact of the rapid yen depreciation on profit through cost of sales was realized. In addition, accumulated other comprehensive income increased by ¥3,836 million due to movements in the foreign currency translation adjustment and other factors. - FY2023-Q1MaterialisedAnnual report
「The sharp depreciation of the yen significantly reduced profit through higher cost of sales related to the elimination of unrealized gains on inventories. This was mainly attributable to a ¥4,500 million increase in accumulated other comprehensive income due to movements in the foreign currency translation adjustment and other factors.」
The sharp depreciation of the yen reduced profit through cost of sales, while a realized impact from movements in the foreign currency translation adjustment also increased accumulated other comprehensive income by ¥4,500 million. - FY2022-Q3Continued increase in the foreign currency translation adjustmentAnnual report
「This was mainly attributable to a ¥422 million increase in accumulated other comprehensive income due to an increase in the foreign currency translation adjustment and other factors.」
The increase in the foreign currency translation adjustment contributed to higher net assets, and accumulated other comprehensive income increased by ¥422 million. - FY2022-Q2RestatedAnnual report
「This was mainly attributable to a ¥134 million increase in accumulated other comprehensive income due to an increase in the foreign currency translation adjustment and other factors.」
The foreign currency translation adjustment continued to be a factor affecting net assets and was reported as an increasing factor for the cumulative period through the current quarter. - FY2022-Q1RestatedAnnual report
「This was mainly attributable to a ¥137 million increase in accumulated other comprehensive income, primarily due to movements in the foreign currency translation adjustment and other factors.」
The foreign currency translation adjustment continued to contribute to higher net assets, and a ¥27 million foreign exchange gain was also recorded in the current quarter. - FY2021MitigatedAnnual report
「Non-operating income increased by ¥223 million year on year to ¥447 million, mainly due to government subsidies received in various countries in response to the spread of COVID-19 and foreign exchange gains resulting from yen depreciation.」
The impact on earnings reversed from the foreign exchange loss recorded in the previous fiscal year to a ¥89 million foreign exchange gain resulting from yen depreciation in the current fiscal year. The foreign currency translation adjustment also increased by ¥626 million. - FY2021-Q3RestatedAnnual report
「In Russia, demand for thermometers as well as blood pressure monitors increased substantially, and sales grew in local-currency terms. However, sales translated into yen declined because the ruble was weaker against the yen than in the previous fiscal year, while profit increased as the company worked to control expenses.」
In Russia, higher local-currency sales coexisted with lower sales translated into yen, and the foreign exchange impact continued to diverge by region and metric. - FY2021-Q2Foreign exchange impact diverges by regionAnnual report
「In Russia, sales increased in local-currency terms, but sales translated into yen declined because the Russian ruble was weaker against the yen than in the previous fiscal year. Profit nevertheless increased as the company worked to control expenses.」
In Russia, yen-denominated sales continued to decline as the yen strengthened, while a ¥14 million foreign exchange gain was recorded in earnings, indicating that the foreign exchange impact differed by region and metric. - FY2021-Q1Foreign exchange impact turns positiveAnnual report
「Accumulated other comprehensive income increased by ¥358 million due to movements in the foreign currency translation adjustment and other factors.」
The foreign currency translation adjustment, which had been a factor reducing accumulated other comprehensive income through the previous fiscal year, became a factor increasing it in the current quarter. In earnings, the company also recorded a ¥65 million foreign exchange gain. - FY2020WorsenedAnnual report
「The foreign exchange loss increased because the yen continued to strengthen compared with the previous consolidated fiscal year.」
As the yen strengthened, the foreign exchange loss increased from ¥70 million to ¥150 million, while the foreign currency translation adjustment also decreased by ¥1,014 million. The impact of foreign exchange movements on earnings and net assets has increased. - FY2020-Q3Reduced foreign currency translation impactAnnual report
「Foreign currency translation adjustment △ 443 △ 6」
The decrease in the foreign currency translation adjustment included in other comprehensive income narrowed from ¥443 million in the same period of the previous year to ¥6 million. - FY2020-Q2MaterialisedAnnual report
「This was mainly attributable to a ¥445 million decrease in accumulated other comprehensive income, primarily due to the decline in the foreign currency translation adjustment.」
The decline in the foreign currency translation adjustment and other factors resulted in a realized ¥445 million decrease in accumulated other comprehensive income. - FY2020-Q1MaterialisedAnnual report
「Accumulated other comprehensive income decreased by ¥221 million, mainly due to the decline in the foreign currency translation adjustment.」
The decline in the foreign currency translation adjustment resulted in a realized ¥221 million decrease in accumulated other comprehensive income. - FY2019MaterialisedAnnual report
「Non-operating expenses of ¥423 million were incurred, primarily for interest expenses and foreign exchange losses.」
Non-operating expenses, including a ¥70 million foreign exchange loss, were incurred, and the impact of foreign exchange movements on earnings has been quantified. - FY2019-Q3RestatedAnnual report
「Accumulated other comprehensive income decreased by ¥521 million, mainly because the foreign currency translation adjustment account declined.」
The decline in the foreign currency translation adjustment continues to affect accumulated other comprehensive income. The realized impact of foreign exchange risk has been quantified. - FY2019-Q2RestatedAnnual report
「Foreign Currency Translation Adjustment」
The foreign currency translation adjustment account decreased by ¥48 million during the cumulative second quarter, and foreign exchange movements continue to affect comprehensive income. - FY2019-Q1RestatedAnnual report
「Accumulated other comprehensive income decreased by ¥139 million, mainly because the foreign currency translation adjustment account declined.」
The decline in the foreign currency translation adjustment account continues to affect accumulated other comprehensive income. - FY2018RestatedAnnual report
「Fluctuations in foreign exchange rates affect performance, including net sales and profit or loss, because they change the value of foreign-currency-denominated transactions between Group companies and with customers. We also seek to hedge foreign exchange risk by balancing foreign-currency-denominated exports and imports, but sharp exchange-rate movements may affect profit or loss and other items when foreign-currency-denominated receivables and payables are translated.」
The company continues to disclose foreign exchange risk and its hedging policy, including balancing foreign-currency-denominated exports and imports and using forward exchange contracts. - FY2018-Q3RestatedAnnual report
「In the Americas, sales of weighing instruments were broadly unchanged from the same period of the previous year in local-currency terms, but yen-denominated sales increased because of the yen’s depreciation.」
In the Americas, the yen’s depreciation increased yen-denominated sales, resulting in a continuing foreign exchange effect different from the decline in converted sales caused by the yen’s appreciation seen until immediately before this period. - FY2018-Q2Reversal in the direction of foreign-exchange effectsAnnual report
「In Europe, sales increased in Russia despite intensifying competition in the blood pressure monitor market following the entry of Chinese companies. In addition, the value of the Russian ruble rose against the yen, resulting in a substantial increase in yen-denominated sales.」
In Russia, the ruble’s appreciation resulted in an increase in yen-denominated sales, producing a foreign exchange effect different from the previous decline in yen-denominated overseas sales caused by the yen’s appreciation. - FY2018-Q1MaterialisedAnnual report
「This was due to a ¥365 million decrease in shareholders’ equity because retained earnings declined as a result of the net loss attributable to owners of the parent and dividend payments, as well as a ¥210 million decrease in accumulated other comprehensive income, mainly because the foreign currency translation adjustment account declined.」
The decline in the foreign currency translation adjustment account has actually reduced accumulated other comprehensive income by ¥210 million. - FY2017MaterialisedAnnual report
「In Asia and Oceania, sales of testing machines in China and weighing instruments in South Korea and India continued to increase in local-currency terms, but sales after conversion into yen declined because of the yen’s appreciation.」
The decline in the yen-denominated value of overseas sales caused by the yen’s appreciation has actually occurred for the full fiscal year. - FY2017-Q3MaterialisedAnnual report
「In the Americas, sales of measuring instruments declined in local-currency terms, as did sales of weighing instruments. In addition, the yen appreciated against the same period of the previous year throughout the period, resulting in a significant decline in yen-denominated sales. In Asia and Oceania, sales of testing machines in China and weighing instruments in South Korea and India increased in local-currency terms, but yen-denominated sales nevertheless declined because the yen tended to appreciate against the same period of the previous year throughout the period.」
The yen’s appreciation continues to reduce yen-denominated sales in the Americas and Asia and Oceania. - FY2017-Q2MaterialisedAnnual report
「In the Americas, sales of measuring instruments declined in local-currency terms, and the yen had appreciated substantially against the US dollar compared with the same period of the previous year, resulting in a significant decline in yen-denominated sales. In Asia and Oceania, sales in South Korea increased in local-currency terms, particularly in weighing instruments, but yen-denominated sales declined because of the yen’s appreciation.」
The substantial appreciation of the yen continues to reduce yen-denominated sales in the Americas and Asia and Oceania, independently of movements in local-currency terms. - FY2017-Q1MaterialisedAnnual report
「In the Americas, sales of measuring instruments declined in local-currency terms, and the US dollar had also weakened against the yen compared with the same period of the previous year, resulting in lower yen-denominated sales. In Asia and Oceania, sales increased in local-currency terms, but yen-denominated sales declined because the yen appreciated relatively strongly.」
The appreciation of the yen and depreciation of local currencies have actually reduced yen-denominated sales in the Americas and Asia and Oceania. - FY2016First statedAnnual report
「Fluctuations in foreign exchange rates affect performance, including net sales and profit or loss, because they change the value of foreign-currency-denominated transactions between Group companies and with customers. We also seek to hedge foreign exchange risk by balancing foreign-currency-denominated exports and imports, but sharp exchange-rate movements may affect profit or loss and other items when foreign-currency-denominated receivables and payables are translated.」
Foreign exchange movements are identified as a key risk. The company states a policy of generally reducing foreign-currency-denominated receivables and payables to within 1 month of sales and indicates that it hedges through forward exchange contracts and other measures.