Foreign-Exchange Risk Associated with Overseas Sales and Production
First written in FY2016. 18 of 39 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Asahi Intecc moved to the "Worse" side of this theme in 2016, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 29 of 63 companies on the "Worse" side.
22 other companies' latest entry also says "Other".
- FY2026Foreign exchange losses declined while the overseas sales ratio increasedAnnual report
「Overseas sales accounted for 85.7% of consolidated sales in the fiscal year, most of which were denominated in US dollars. Transactions in other foreign currencies, including euros and yuan, are also increasing in line with the growth in transaction volumes.」
The overseas sales ratio rose to 85.7%, while foreign exchange losses declined from ¥1.455 billion in the previous year to ¥258 million. The disclosure presents both the increased foreign exchange exposure and the reduced impact on earnings during the year. - FY2026-H1MitigatedAnnual report
「Ordinary profit was ¥24.143 billion, up 43.5% year on year, due to lower foreign exchange losses.」
Foreign exchange losses during the interim period declined from ¥784 million in the year-earlier period to ¥319 million, narrowing the negative impact of exchange-rate movements on ordinary profit. - FY2025WorsenedAnnual report
「Overseas sales accounted for 84.3% of consolidated net sales for the fiscal year, with the majority denominated in US dollars. Transactions in other foreign currencies, including euros and yuan, are also increasing in line with higher transaction volumes.」
The overseas sales ratio rose from 83.8% to 84.3%, expanding foreign-currency transaction exposure. Actual foreign exchange losses also increased from ¥379 million in the previous year to ¥1.455 billion. - FY2025-H1WorsenedAnnual report
「Ordinary profit was ¥16.821 billion, up 24.9% year on year, despite an increase in foreign exchange losses, among other factors.」
While stronger foreign currencies boosted net sales, foreign exchange losses increased from ¥106 million in the year-earlier period to ¥784 million, resulting in a negative impact from exchange-rate movements during the interim period as well. - FY2024WorsenedAnnual report
「Overseas sales accounted for 83.8% of consolidated net sales for the fiscal year, with the majority denominated in US dollars. Transactions in other foreign currencies, including euros and yuan, are also increasing in line with higher transaction volumes.」
The overseas sales ratio and foreign-currency transaction volume expanded, increasing foreign exchange exposure. Actual foreign exchange losses totaled ¥379 million. - FY2024-Q3Update: stronger foreign currencies and lower foreign exchange lossesAnnual report
「For the cumulative nine-month period of the current fiscal year, the Group’s consolidated net sales increased substantially, mainly in overseas sales, as the impact of COVID-19 largely subsided, markets recovered and expanded, foreign currencies strengthened, and market needs increased, reaching ¥80.733 billion, up 15.7% year on year. Ordinary profit was ¥19.621 billion, up 23.0%, mainly due to higher subsidy income and lower foreign exchange losses.」
The stronger foreign currencies contributed to the increase in overseas sales, while foreign exchange losses declined from ¥311 million in the year-earlier period to ¥131 million. Exchange-rate movements continued to have an impact, but their negative effect narrowed over the cumulative period. - FY2024-Q2MaterialisedAnnual report
「The Group's sales for the six-month period of the current fiscal year increased substantially, mainly due to higher overseas sales, as markets recovered and expanded with the impact of the COVID-19 pandemic largely gone, foreign currencies strengthened, market needs increased and orders from distributors and other customers became concentrated, reaching ¥54,341 million, up 19.6% year on year. Ordinary income was ¥13,471 million, up 40.0% year on year, due to higher miscellaneous income and lower foreign exchange losses.」
The strength of foreign currencies contributed to higher overseas sales, while lower foreign exchange losses also affected ordinary income. Exchange rates were ¥146.35 per US dollar, ¥158.20 per euro, ¥20.20 per Chinese yuan and ¥4.14 per Thai baht. - FY2024-Q1MaterialisedAnnual report
「The Group's sales for the first quarter of the current fiscal year increased substantially, mainly due to higher overseas sales, as markets recovered and expanded following the fading impact of the COVID-19 pandemic, foreign currencies strengthened, market needs increased and concentrated orders were received from distributors and other customers, reaching ¥28,713 million, up 26.7% year on year.」
The strength of foreign currencies actually contributed to the increase in overseas sales in the first quarter. Exchange rates were ¥144.77 per US dollar, ¥157.28 per euro, ¥19.95 per Chinese yuan and ¥4.12 per Thai baht. - FY2023WorsenedAnnual report
「Overseas sales accounted for 81.7% of consolidated net sales for the fiscal year, with most sales denominated in US dollars. Transactions in other currencies, including the euro and yuan, are also increasing in line with higher transaction volumes.」
The overseas sales ratio rose from 77.4% in the previous fiscal year to 81.7%, while transaction volumes in foreign currencies such as the euro and yuan increased alongside the US dollar. - FY2023-Q3RestatedAnnual report
「Ordinary income was ¥15,952 million, up 24.5% year on year, despite higher foreign exchange losses.」
Under conditions of yen depreciation, higher foreign exchange losses affected ordinary income again. Exchange rates during the nine-month period were ¥137.51 per US dollar, ¥141.95 per euro, ¥19.81 per Chinese yuan and ¥3.87 per Thai baht. - FY2023-Q2WorsenedAnnual report
「Ordinary income was ¥9,621 million, up 11.9% year on year, despite higher foreign exchange losses.」
Under conditions of yen depreciation, higher foreign exchange losses affected ordinary income, and the negative impact of foreign exchange movements also materialized during the cumulative quarter-to-date period. - FY2023-Q1MaterialisedAnnual report
「Ordinary income was ¥4,967 million, up 30.7% year on year, as foreign exchange gains increased.」
Yen depreciation increased foreign exchange gains, producing an actual impact on ordinary income. The average exchange rate in the first quarter was ¥138.38 per US dollar, compared with ¥110.10 in the same quarter of the previous year, reflecting yen depreciation. - FY2022WorsenedAnnual report
「Overseas sales accounted for 77.4% of consolidated net sales for the fiscal year, with most sales denominated in US dollars. Transactions in other currencies, including the euro and yuan, are also increasing in line with higher transaction volumes.」
The overseas sales ratio rose to 77.4%, while transaction volumes in foreign currencies such as the euro and yuan increased alongside the US dollar, expanding foreign exchange exposure. - FY2022-Q3MaterialisedAnnual report
「The Group's sales for the nine-month period of the current fiscal year increased substantially, mainly in Europe and China, due to the recovery trend in markets that had contracted under the impact of the COVID-19 pandemic, yen depreciation, increased market needs, the effects of multiple acquisitions and progress toward direct sales in Germany, reaching ¥56,684 million, up 26.5% year on year. Ordinary income was ¥12,810 million, up 23.2% year on year, as foreign exchange gains increased.」
Yen depreciation contributed to higher overseas sales, while foreign exchange gains also increased. Foreign exchange movements actually affected performance during the nine-month period. - FY2022-Q2MaterialisedAnnual report
「Ordinary income was ¥8,590 million, up 40.9% year on year, as foreign exchange gains increased.」
Foreign exchange movements actually affected ordinary income during the six-month period, contributing this time through higher foreign exchange gains. - FY2022-Q1MaterialisedAnnual report
「Ordinary income was ¥3,798 million, up 9.1% year on year, as foreign exchange gains increased.」
Foreign exchange movements actually affected ordinary income in the first quarter, contributing this time through higher foreign exchange gains. Foreign exchange rates were up 3.6% year on year for the US dollar, 4.6% for the euro and 10.9% for the Chinese yuan. - FY2021WorsenedAnnual report
「Overseas sales accounted for 70.5% of consolidated net sales for the fiscal year, with most sales denominated in US dollars. Transactions in other currencies, including the euro and yuan, are also increasing in line with higher transaction volumes.」
The overseas sales ratio rose to 70.5%, and transaction volumes in currencies including the euro and yuan increased alongside the US dollar, expanding foreign exchange exposure. - FY2021-Q2MaterialisedAnnual report
「Ordinary income was ¥6,097 million, down 31.1% year on year, mainly due to higher foreign exchange losses.」
Higher foreign exchange losses actually affected ordinary income during the six-month period, which declined 31.1% year on year. - FY2021-Q1MaterialisedAnnual report
「Ordinary income was ¥3,483 million, down 29.8% year on year, mainly due to higher foreign exchange losses.」
Higher foreign exchange losses actually affected ordinary income in the first quarter, which declined 29.8% year on year. - FY2020WorsenedAnnual report
「Overseas sales accounted for 67.9% of consolidated net sales for the fiscal year, with most sales denominated in US dollars. Transactions in other currencies, including the euro and yuan, are also increasing in line with higher transaction volumes.」
The overseas sales ratio rose to 67.9%, while transaction volumes in currencies including the euro and yuan increased alongside the US dollar, expanding foreign exchange exposure. - FY2020-Q3MaterialisedAnnual report
「Against this backdrop, the Group's sales for the nine-month period of the current fiscal year, despite a challenging external environment including yen appreciation, lower medical reimbursement prices and a temporary contraction in the Chinese market due to the COVID-19 pandemic, increased overseas sales in the Medical Business in particular, reaching ¥45,407 million, up 6.2% year on year.」
The company states that yen appreciation, as part of the challenging external environment, actually affected performance during the nine-month period. - FY2020-Q2MaterialisedAnnual report
「The Group's sales for the six-month period of the current fiscal year, despite a challenging external environment including yen appreciation and lower medical reimbursement prices, increased overseas sales in the Medical Business in particular, reaching ¥30,948 million, up 11.3% year on year.」
The company states that yen appreciation, as part of the challenging external environment, actually affected performance during the six-month period. Meanwhile, higher overseas Medical Business sales increased total sales. - FY2020-Q1MaterialisedAnnual report
「The Group's sales for the first quarter of the current fiscal year, despite a challenging external environment including yen appreciation, increased overseas sales in the Medical Business in particular, reaching ¥15,512 million, up 13.0% year on year.」
The company explicitly identifies yen appreciation as part of the challenging external environment, indicating that foreign exchange risk actually affected the operating environment in the quarter. Meanwhile, higher overseas Medical Business sales increased total sales. - FY2019WorsenedAnnual report
「Overseas sales accounted for 67.3% of consolidated net sales for the fiscal year, with most sales denominated in US dollars. Transactions in other currencies, including the euro and yuan, are also increasing in line with higher transaction volumes.」
The overseas sales ratio rose to 67.3%, while transaction volumes in currencies including the euro and yuan increased alongside the US dollar, expanding foreign exchange exposure. - FY2019-Q2WorsenedAnnual report
「Ordinary income was ¥8,380 million, down 0.3% year on year, as foreign exchange losses increased.」
The contribution to earnings from higher foreign exchange gains in the previous quarter changed to an increase in foreign exchange losses during the six-month period, negatively affecting ordinary income. - FY2019-Q1MaterialisedAnnual report
「Ordinary income was ¥4,857 million, up 13.1% year on year, as foreign exchange gains increased.」
The company states that foreign exchange movements actually affected ordinary income in the first quarter, contributing this time through higher foreign exchange gains. - FY2018WorsenedAnnual report
「Overseas sales accounted for 61.9% of consolidated net sales for the fiscal year, with most sales denominated in US dollars. Transactions in other currencies, including the euro and yuan, are also increasing in line with higher transaction volumes.」
The overseas sales ratio rose to 61.9%, while transaction volumes in currencies including the euro and yuan increased alongside the US dollar, expanding foreign exchange exposure. - FY2018-Q3WorsenedAnnual report
「Ordinary income was ¥12,240 million, up 26.9% year on year, as operating income increased despite lower foreign exchange gains and higher foreign exchange losses.」
The foreign exchange effect changed from a foreign exchange gain in the same period of the previous year to a foreign exchange loss in the current period, with lower gains and higher losses affecting ordinary income. - FY2018-Q2MaterialisedAnnual report
「Ordinary income was ¥8,408 million, up 35.9% year on year, despite lower foreign exchange gains, as operating income increased.」
The company states that foreign exchange movements actually affected ordinary income during the six-month period, with foreign exchange gains declining year on year. - FY2018-Q1MaterialisedAnnual report
「Ordinary income was ¥4,295 million, up 37.9% year on year, as foreign exchange gains increased in addition to higher operating income.」
The company states that foreign exchange movements actually affected ordinary income in the quarter, contributing this time through higher foreign exchange gains. - FY2017MaterialisedAnnual report
「Overseas sales accounted for 57.6% of consolidated net sales for the fiscal year, with most sales denominated in US dollars. Transactions in other currencies, including the euro and yuan, are also increasing in line with higher transaction volumes.」
The company states that the yen conversion of overseas sales and sales in overseas markets were affected by foreign exchange movements, indicating that foreign exchange risk also materialized during the year. - FY2017-Q3MaterialisedAnnual report
「Although overseas markets were affected by foreign exchange movements, sales increased because trading in PTCA guidewires and penetration catheters in the cardiovascular field and peripheral guidewires in the peripheral vascular field remained strong.」
Foreign exchange effects actually affected sales in overseas markets, while strong product trading drove an increase in overseas sales. - FY2017-Q2MaterialisedAnnual report
「Although overseas markets were affected by foreign exchange movements, sales increased as sales volumes trended upward for PTCA guidewires and penetration catheters in the cardiovascular field and peripheral guidewires in the peripheral vascular field.」
The company states that foreign exchange effects actually affected sales in overseas markets. During the six-month period, exchange rates were down 13.0% year on year for the US dollar and 13.7% for the euro, among others. - FY2017-Q1MaterialisedAnnual report
「Although demand remained firm, as before, consolidated net sales for the first quarter of the current fiscal year were ¥9,988 million, down 2.4% year on year, due to the impact of external factors including exchange-rate trends and declines in medical reimbursement prices.」
The company states that foreign exchange movements, as an external factor, affected sales in the quarter. Average exchange rates during the quarter were down 15.9% year on year for the US dollar and 15.9% for the euro, among others. - FY2016First statedAnnual report
「Overseas sales accounted for 56.2% of consolidated net sales for the fiscal year, with most of those sales denominated in US dollars.」
Overseas sales accounted for 56.2%, with most sales denominated in US dollars. In FY2016, the Group recorded a foreign exchange loss of ¥614 million due to a sharp appreciation of the yen, indicating that the disclosed foreign exchange risk materialized during the year.