Foreign Exchange Fluctuations in Imported Raw Materials and Products
First written in FY2021. 2 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 42 of 66 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「For the risk of exchange-rate fluctuations associated with foreign-currency-denominated import transactions, the company generally enters into forward exchange contracts covering approximately 50% of the anticipated transaction amount for the following 6 months, based on a basic policy approved by the Board of Directors.」
The company's response to foreign exchange risk has been specified as entering into forward exchange contracts covering approximately 50% of the anticipated transaction amount for the following 6 months. - FY2023RestatedAnnual report
「The company procures some of its raw materials and products from overseas. It will consider hedging foreign exchange risk, as necessary, through measures such as forward exchange contracts. However, sharp fluctuations in exchange rates exceeding these risk-mitigation measures could affect its performance and financial position.」
The company continues to address the risk of foreign exchange fluctuations associated with overseas procurement through a hedging policy involving forward exchange contracts and other measures. - FY2023-Q2RestatedAnnual report
「Although the resurgence of COVID-19 infections brought about the seventh wave, a major decline was avoided because restrictions on activities were not imposed as they had been previously. However, uncertainty has persisted due to fluctuations in exchange rates resulting from the sharp depreciation of the yen and the surge in raw material prices caused by Russia's invasion of Ukraine.」
The previously identified uncertainty in the foreign exchange and procurement environment has continued, including surging raw material prices due to the sharp depreciation of the yen and the situation in Ukraine. - FY2023-Q1WorsenedAnnual report
「The outlook for the global economy also remains uncertain due to the prolonged situation in Ukraine, soaring fuel prices, rising prices and other factors.」
The company explains that the backdrop to its foreign exchange risk is the rapid depreciation of the yen and appreciation of the US dollar, with continued pressure on the cost environment for imported raw materials and other items. - FY2022MaterialisedAnnual report
「This was mainly attributable to higher sales to furniture retailers and the impact of foreign exchange movements resulting from surging raw material prices and the depreciation of the yen.」
The impact of the weaker yen increased the cost of sales through higher raw material costs. - FY2021First statedAnnual report
「The company procures some of its raw materials and products from overseas. It hedges foreign exchange risk, as necessary, through measures such as forward exchange contracts. However, sharp fluctuations in exchange rates exceeding these risk-mitigation measures could affect its performance and financial position.」
The company describes the foreign exchange risk associated with overseas procurement and its policy of hedging through forward exchange contracts.