Foreign Exchange Risk from Foreign-Currency Transactions and Overseas Subsidiaries
First written in FY2017. 3 of 16 entries say "Materialised", first in FY2019. Latest entry: FY2026.
Crossfor moved to the "Worse" side of this theme in 2019, 1 year after 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".
- FY2026Increase in Foreign Exchange GainsAnnual report
「This was mainly due to foreign exchange gains increasing by ¥10.11 million as a result of currency movements, among other factors.」
Foreign exchange gains increased by ¥10.11 million from the previous year, contributing to higher non-operating income. The risk of currency movements associated with foreign-currency transactions and other activities remains. - FY2026-H1Increased foreign-exchange gains due to yen appreciationAnnual report
「This was mainly due to foreign exchange gains increasing by ¥2.3 million as the yen strengthened compared with the same period of the previous year, among other factors.」
Regarding currency movements associated with foreign-currency transactions and other activities, foreign exchange gains increased by ¥2.3 million year on year as the yen strengthened. The impact of currency movements is reflected in results. - FY2025MaterialisedAnnual report
「This was mainly due to the foreign-exchange gain decreasing by ¥28.795 million as a result of the yen strengthening from the same period of the previous year.」
As the yen strengthened, foreign exchange gains declined, and the impact of currency movements on foreign-currency transactions and the yen translation of overseas subsidiaries was reflected in results. - FY2025-H1Decrease in foreign-exchange gain due to the strengthening yenAnnual report
「This was mainly due to the foreign-exchange gain decreasing by ¥7.554 million as a result of the yen strengthening from the same period of the previous year.」
Regarding foreign-exchange movements, the foreign-exchange gain decreased by ¥7.554 million year on year as the yen strengthened. The impact of foreign-exchange movements associated with foreign-currency transactions and other items appeared in actual results. - FY2024Increase in full-year foreign-exchange gainAnnual report
「Foreign-exchange gain 27,286 28,795」
Regarding foreign-exchange movements, the foreign-exchange gain increased from ¥27.286 million in the previous fiscal year to ¥28.795 million. The foreign-exchange risk associated with foreign-currency transactions and other items continues. - FY2024-Q3Increase in foreign-exchange gainsAnnual report
「Non-operating income totaled ¥48.369 million, mainly because the foreign-exchange gain increased by ¥22.416 million from the same period of the previous year.」
Regarding foreign-exchange movements, the foreign-exchange gain increased ¥22.416 million year on year, contributing to higher non-operating income. No withdrawal or elimination of the foreign-exchange risk associated with foreign-currency transactions and other items is stated. - FY2024-Q2Increase in foreign-exchange gainsAnnual report
「Non-operating income totaled ¥19.723 million, mainly because the foreign-exchange gain increased by ¥5.867 million from the same period of the previous year.」
Regarding foreign-exchange movements, the foreign-exchange gain increased from ¥9.168 million in the same period of the previous year to ¥15.036 million, an increase of ¥5.867 million. No withdrawal or elimination of the foreign-exchange risk itself is stated. - FY2023Foreign Exchange Gains from Yen DepreciationAnnual report
「The exchange rate at the end of the consolidated fiscal year was ¥140.97 to the U.S. dollar, approximately ¥8 weaker than at the beginning of the year, resulting in a foreign-exchange gain of ¥27.286 million.」
Regarding foreign-exchange movements, the weakening yen of approximately ¥8 resulted in a ¥27.286 million foreign-exchange gain. Meanwhile, the risks associated with foreign-currency transactions and the translation of overseas subsidiaries into yen continue. - FY2022Foreign-exchange gain and concerns over future cost increasesAnnual report
「In addition, the continuing weakening of the yen is a favorable development for the Company's overseas business, but we believe it will eventually contribute to higher costs for raw materials and processing procured overseas.」
The weakening yen has a dual effect, serving as a tailwind for the overseas business while potentially driving up overseas raw-material and processing costs in the future. Non-operating income included a ¥70.353 million foreign-exchange gain. - FY2022-Q3Improved export conditions due to the weakening yenAnnual report
「Improved export conditions due to the weakening yen」
Regarding foreign-exchange movements, the Company recorded improved export conditions due to the weakening yen. No withdrawal or elimination of the foreign-exchange risk associated with foreign-currency transactions is stated. - FY2021RestatedAnnual report
「Transactions with overseas parties are conducted in foreign currencies, including U.S. dollars, Hong Kong dollars, and Chinese yuan. If foreign-currency transactions increase and a significant divergence arises between the assumed exchange rates and actual rates, this may adversely affect the Group's operating results and financial position.」
Foreign-exchange risk associated with foreign-currency transactions and the translation of overseas subsidiaries into yen continues. - FY2020WorsenedAnnual report
「Non-operating expenses amounted to ¥34.752 million. The main factor was the recognition of a foreign-exchange loss.」
The impact of foreign-exchange movements included the recognition of a ¥15.102 million foreign-exchange loss, up from ¥13.349 million in the previous fiscal year. - FY2020-Q1MaterialisedAnnual report
「Foreign-exchange loss － 514」
The Company recognized a ¥514 thousand foreign-exchange loss in the first quarter, with the impact of foreign-exchange movements associated with foreign-currency transactions and other items appearing in actual results. - FY2019MaterialisedAnnual report
「The main factor was the recognition of a foreign-exchange loss.」
The impact of foreign-exchange risk actually appeared in the recognition of a ¥13.349 million foreign-exchange loss during the consolidated fiscal year. - FY2018RestatedAnnual report
「Transactions with overseas parties are conducted in foreign currencies, including U.S. dollars, Hong Kong dollars, and Chinese yuan. If foreign-currency transactions increase and a significant divergence arises between the assumed exchange rates and actual rates, this may adversely affect the Group's operating results and financial position.」
The Company continues to disclose foreign-exchange risk associated with foreign-currency transactions and the translation of overseas subsidiaries into yen. - FY2017First statedAnnual report
「Transactions with overseas parties are conducted in foreign currencies, including U.S. dollars, Hong Kong dollars, and Chinese yuan. If foreign-currency transactions increase and a significant divergence arises between the assumed exchange rates and actual rates, this may adversely affect the Group's operating results and financial position.」
Foreign-exchange movements associated with foreign-currency transactions and the translation of overseas subsidiaries into yen are treated as risks.