Surging procurement costs due to rapid yen depreciation
First written in FY2023-Q1. 6 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 54 of 85 companies on the "Worse" side.
43 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Because procurement transactions for LED displays manufactured in China are conducted in foreign currencies, fluctuations in exchange rates may affect the Group's results and financial position.」
Foreign exchange risk associated with foreign-currency procurement transactions continues to be explicitly disclosed, and the use of forward exchange contracts as a response also continues. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, Japan’s economy continued to improve moderately, supported by a recovery in inbound demand. However, the outlook remained uncertain due to US monetary policy, foreign exchange movements, geopolitical risks including conditions in the Middle East and Ukraine, and inflation accompanied by surging raw material prices.」
Uncertainty in the external environment that could affect procurement costs and profitability, including exchange-rate fluctuations and inflation accompanied by higher raw material prices, has persisted. - FY2025-H1RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to the impact of higher prices resulting from soaring resource prices and the rapid depreciation of the yen amid global monetary tightening, the slowdown in the Chinese economy, and the prolonged situation in Ukraine and deterioration in the situation in the Middle East.」
Uncertainty in the external environment due to the continued rapid depreciation of the yen and rising prices has persisted. Procurement of new product lineups was also disclosed as a response to exchange-rate fluctuations and price competition. - FY2024-Q2RestatedAnnual report
「In the information equipment segment, although it has been affected by higher procurement prices amid the continuing trend of yen depreciation, as described above, digital marketing and stronger collaboration with distributors have enabled the company to secure orders across many industries, including retail stores, restaurants and cram schools.」
While the effects of the yen's depreciation and higher procurement costs continued, orders from multiple industries through digital marketing and agency partnerships were disclosed. - FY2023Explicit disclosure of foreign exchange risk and hedgingAnnual report
「Because procurement transactions for LED displays manufactured in China are conducted in foreign currencies, fluctuations in exchange rates may affect the Group's results and financial position.」
In addition to explaining that surging procurement costs due to the rapid depreciation of the yen pressured profit for the year, the Company explicitly disclosed the foreign exchange risk associated with foreign-currency procurement transactions and hedging through ¥119.488 million in forward exchange contracts. - FY2023-Q3RestatedAnnual report
「However, price competition resulting from new competitors entering the market as the signage market expanded, higher procurement prices caused by the yen's depreciation, and the concentration of acceptance for second-half projects in the fourth quarter, among other factors, resulted in an operating loss for the third-quarter cumulative consolidated period.」
It was stated that surging procurement costs due to the depreciation of the yen continued to pressure profit. - FY2023-Q2RestatedAnnual report
「However, competition and price competition from new entrants accompanying the expansion of the signage market, together with surging procurement costs due to the rapid depreciation of the yen, put pressure on profit, and were insufficient to offset the operating loss in the first quarter.」
It was stated that surging procurement costs due to the continued depreciation of the yen continued to pressure profit and could not offset the first-quarter operating loss. - FY2023-Q1MaterialisedAnnual report
「Operating loss was recorded as surging procurement costs due to the rapid depreciation of the yen put pressure on profitability.」
The Company stated that surging procurement costs associated with the rapid depreciation of the yen actually put pressure on profitability and led to an operating loss in the first quarter.