Exchange-Rate Risk from Foreign-Currency Purchases and U.S. Dollar Settlements
First written in FY2016. 9 of 28 entries say "Materialised", first in FY2016. Latest entry: 2026-08-12.
Shobido moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 43 of 67 companies on the "Worse" side.
20 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「Foreign exchange loss 44,367」
The foreign exchange impact related to the weaker yen and foreign-currency purchases appeared in actual results as a foreign exchange loss of ¥44,367 thousand for the interim consolidated accounting period. - FY2025WorsenedAnnual report
「Foreign-currency purchases and imported materials accounted for 51.8% of the Group's total purchases in the fiscal year ended September 2025, and 92.5% of that foreign-currency amount was settled in US dollars.」
The ratio of foreign-currency purchases and imported materials increased from 46.4% in the previous fiscal year to 51.8%, expanding the proportion of purchases exposed to exchange rate fluctuations. - FY2025-H1MaterialisedAnnual report
「Although the weaker yen increased the cost of sales, the gross margin rose significantly to 30.5%, up 4.2 percentage points year on year, as all in-house-developed products performed well following the improvement in product appeal described above, and sales to inbound visitors and e-commerce remained strong.」
The increase in the cost of sales caused by the weaker yen was reflected in the explanation of actual performance. A foreign exchange loss of ¥31,193 thousand was also recorded, indicating the continuing impact of foreign-currency purchases and exchange rate fluctuations. - FY2024WorsenedAnnual report
「Foreign-currency purchases and imported materials accounted for 46.4% of the Group's total purchases in the fiscal year ended September 2024, and 93.0% of that foreign-currency amount was settled in US dollars.」
The ratio of foreign-currency purchases and imported materials increased from 41.1% in the previous fiscal year to 46.4%, and the US dollar settlement ratio was 93.0%. The impact of the weaker yen also appeared in actual results as a foreign exchange loss of ¥56,430 thousand. - FY2024-Q2MitigatedAnnual report
「Ordinary profit was ¥633,511 thousand, up 31.2% year on year, mainly because the valuation loss arising from the mark-to-market valuation of foreign exchange derivative transactions recorded in the same period of the previous year ceased to be recorded.」
The valuation loss arising from the mark-to-market valuation of foreign exchange derivative transactions recorded in the same period of the previous year ceased to be recorded, and the foreign exchange loss for the quarter also declined from ¥97,987 thousand in the same period of the previous year to ¥17,936 thousand. Although the impact of foreign exchange-related gains and losses on profit decreased, the increase in the cost of sales caused by the weaker yen continued. - FY2024-Q1MitigatedAnnual report
「Ordinary profit was ¥294,952 thousand, up 246.0% year on year, mainly because the valuation loss arising from the mark-to-market valuation of foreign exchange derivative transactions recorded in the same period of the previous year ceased to be recorded.」
The valuation loss arising from the mark-to-market valuation of foreign exchange derivative transactions recorded in the same period of the previous year ceased to be recorded, and the foreign exchange loss declined from ¥159,960 thousand to ¥44,310 thousand. The impact of foreign exchange-related gains and losses on profit decreased from the previous fiscal year. - FY2023WorsenedAnnual report
「Foreign-currency purchases and imported materials accounted for 41.1% of the Group's total purchases in the fiscal year ended September 2023, and 93.2% of that foreign-currency amount was settled in US dollars.」
The ratio of foreign-currency purchases and imported materials increased from 37.1% in the previous fiscal year to 41.1%, and the US dollar settlement ratio was 93.2%. The Group's purchasing exposure to the weaker yen has expanded. - FY2023-Q3MitigatedAnnual report
「As the foreign exchange derivative transactions entered into in the first quarter reached maturity in the third quarter, the valuation loss arising from their mark-to-market valuation, which had been recorded in non-operating expenses, was reversed.」
The foreign exchange derivative transactions entered into in the first quarter reached maturity, and the recorded valuation loss arising from mark-to-market valuation was reversed. The impact of valuation losses on the specified derivatives diminished. - FY2023-Q2MaterialisedAnnual report
「Ordinary profit was ¥482,770 thousand, down 8.8% year on year, mainly because a valuation loss arising from the mark-to-market valuation of foreign exchange derivative transactions was recorded in non-operating expenses.」
Valuation losses arising from the mark-to-market valuation of foreign exchange derivative transactions continued to contribute to the decline in ordinary profit. Meanwhile, the Company explained that the contracts would expire by the end of September 2023 and that no valuation loss would arise for the full year. - FY2023-Q1MaterialisedAnnual report
「Ordinary profit was ¥85,248 thousand, down 65.4% year on year, mainly because the portion representing a valuation loss arising from the mark-to-market valuation of foreign exchange derivative transactions was recorded in non-operating expenses.」
A foreign exchange loss of ¥159,960 thousand was recorded in non-operating expenses as the portion representing a valuation loss arising from the mark-to-market valuation of foreign exchange derivative transactions. The Company explained that the contracts were intended to fund import settlements within the scope of actual demand and would expire by the end of September 2023, meaning no valuation loss would arise for the full year. - FY2022WorsenedAnnual report
「Foreign-currency purchases and imported materials accounted for 37.1% of the Group's total purchases in the fiscal year ended September 2022, and 92.6% of that foreign-currency amount was settled in US dollars.」
The foreign-currency purchase ratio increased from 35.0% in the previous fiscal year to 37.1%, and the Company explains that the rapid depreciation of the yen could have a significant impact on performance. In addition to forward exchange contracts, the Company is considering and implementing measures such as passing on higher costs through prices and reviewing suppliers. - FY2022-Q3WorsenedAnnual report
「The economic outlook remains uncertain owing to the rapid depreciation of the yen in the foreign exchange market and soaring resource prices resulting from the situation in Russia and Ukraine.」
The existing foreign exchange risk disclosure specifies a rapid depreciation of the yen. Together with soaring resource prices, this indicates uncertainty surrounding external costs and the foreign exchange environment. - FY2022-Q2WorsenedAnnual report
「At the same time, the outlook for corporate performance remains uncertain as higher resource prices and yen depreciation continue simultaneously.」
The disclosure explicitly states that the yen's depreciation has progressed at the same time as rising resource prices in the foreign exchange environment relating to foreign-currency purchases and US dollar settlement. - FY2021WorsenedAnnual report
「Foreign-currency purchases and imported materials accounted for 35.0% of the Group's total purchases in the fiscal year ended September 2021, and 92.6% of that foreign-currency amount was settled in US dollars.」
The foreign-currency purchase ratio increased from 34.2% to 35.0%. The US dollar settlement ratio was 92.6%, and mitigation measures through forward exchange contracts continue. - FY2020MitigatedAnnual report
「Foreign-currency purchases and imported materials accounted for 34.2% of the Group's total purchases in the fiscal year ended September 2020, and 92.6% of that foreign-currency amount was settled in US dollars.」
The foreign-currency purchase ratio declined from 34.6% in the previous fiscal year to 34.2%, and the US dollar settlement ratio also declined from 92.9% to 92.6%. Mitigation measures, including forward exchange contracts, continue. - FY2019Increase in the foreign-currency purchase ratio and US dollar settlement ratioAnnual report
「Foreign-currency purchases and imported materials accounted for 34.6% of the Group's total purchases in the fiscal year ended September 2019, and 92.9% of that foreign-currency amount was settled in US dollars.」
The foreign-currency purchase ratio increased from 33.8% in the previous fiscal year to 34.6%, and the US dollar settlement ratio rose from 92.6% to 92.9%. The policy of mitigating risk through forward exchange contracts continues. - FY2019-Q3RestatedAnnual report
「In non-operating income and expenses, increases in interest income, dividend income and foreign exchange gains, as well as decreases in interest expense, among other items, resulted in ordinary profit of ¥260,906 thousand, down 13.2% year on year.」
A foreign exchange gain was recorded, and the impact of exchange rate fluctuations continued to appear in non-operating income and expenses. There were no material changes in the risks relating to foreign-currency purchases and US dollar settlement. - FY2019-Q2RestatedAnnual report
「In non-operating income, ordinary profit was ¥209,649 thousand, up 4.4% year on year, owing to increases in interest income and dividend income, among other items, and decreases in interest expense, among other items.」
The foreign exchange gain for the quarter was ¥17,614 thousand, exceeding the ¥16,333 thousand recorded in the same period of the previous year. The impact of foreign-currency purchases and exchange rate fluctuations continued to appear in non-operating income and expenses, but no loss was reported. - FY2019-Q1Increase in Foreign Exchange GainsAnnual report
「In non-operating income and expenses, ordinary profit was ¥110,753 thousand, down 4.6% year on year, as foreign exchange gains increased.」
Foreign exchange gains increased from the same period of the previous year, and the impact of exchange rate fluctuations appeared as an increase in non-operating income rather than a loss. - FY2018Decline in foreign-currency purchases and foreign exchange gainsAnnual report
「Foreign-currency purchases and imported materials accounted for 33.8% of the Group's total purchases in the fiscal year ended September 2018, and 92.6% of that foreign-currency amount was settled in US dollars. Accordingly, fluctuations in the US dollar-yen exchange rate may change the value of the Group's import transactions and affect its performance.」
The foreign-currency purchase ratio declined from 35.1% in the previous fiscal year to 33.8%, while the US dollar settlement ratio was 92.6%. The foreign exchange gain declined to ¥2,995 thousand during the period. - FY2018-Q3MaterialisedAnnual report
「As foreign exchange gains ceased to be recorded in non-operating income and expenses, ordinary profit was ¥300,445 thousand, down 37.5% year on year.」
The foreign exchange gain recorded in the same period of the previous year ceased to be recorded, and a foreign exchange loss of ¥988 thousand was also recognized in the cumulative third quarter, contributing to the decline in ordinary profit. - FY2018-Q2MaterialisedAnnual report
「In non-operating income and expenses, ordinary profit was ¥200,770 thousand, down 43.2% year on year, due to a decrease in foreign exchange gains.」
The foreign exchange gain declined from ¥77,452 thousand in the same period of the previous year to ¥16,333 thousand, and the impact of exchange rate fluctuations contributed to the 43.2% year-on-year decline in ordinary profit. - FY2018-Q1MaterialisedAnnual report
「Although the Group continued to review its procurement structure and strengthen inventory management, the gross margin declined as the yen was weaker than in the same period of the previous year, among other factors. In non-operating income and expenses, ordinary profit was ¥116,042 thousand, down 61.8% year on year, due to a decline in foreign exchange gains.」
The weaker yen caused the gross margin to decline, while the decrease in foreign exchange gains from the same period of the previous year also showed the impact of foreign-currency purchases and exchange rate fluctuations on quarterly results. - FY2017RestatedAnnual report
「Foreign-currency purchases and imported materials accounted for 35.1% of the Group's total purchases in the fiscal year ended September 2017, and 92.8% of that foreign-currency amount was settled in US dollars. The Group also enters into forward exchange contracts and similar transactions within the scope of actual demand in order to mitigate foreign exchange risk as much as possible.」
The Group disclosed a foreign-currency purchase ratio of 35.1% and a US dollar settlement ratio of 92.8%, and continues to mitigate risk through forward exchange contracts. For the full year, a foreign exchange gain of ¥91,555 thousand was recorded. - FY2017-Q3Shift from Foreign-Exchange Losses to GainsAnnual report
「As the Company recorded a foreign exchange gain of ¥89,225 thousand in non-operating income, ordinary profit was ¥480,565 thousand, up 78.3% year on year.」
Unlike the foreign exchange loss recorded in the same period of the previous year, a foreign exchange gain of ¥89,225 thousand was recorded in the cumulative third quarter. The impact of exchange rate fluctuations is evident, but the disclosure does not state that a loss from foreign exchange risk occurred during the period. The input figure is a foreign exchange gain; although the risk has been quantified, no adverse risk event during the period can be confirmed. - FY2016MaterialisedAnnual report
「Foreign-currency purchases and imported materials accounted for 36.7% of the Group's total purchases in the fiscal year ended September 2016, and 92.6% of that foreign-currency amount was settled in US dollars. Accordingly, fluctuations in the US dollar-yen exchange rate may change the value of the Group's import transactions and affect its performance.」
The Group disclosed that foreign-currency purchases accounted for 36.7% of total purchases and that 92.6% of this amount was settled in US dollars. A foreign exchange loss of ¥144,584 thousand was recorded during the period, demonstrating the impact of exchange rate fluctuations in actual results.