Decline in Sales and Foreign Exchange Losses Caused by Yen Appreciation
First written in FY2017-Q2. 11 of 19 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2024: 9 of 24 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Foreign exchange gain 31,920」
The company recorded a ¥31.920 million foreign exchange gain in the current year, up from ¥25.467 million in the previous year. - FY2022MitigatedAnnual report
「Foreign exchange gain 25,467」
Due in part to the yen's depreciation, the foreign exchange gain increased from ¥1.964 million in the previous year to ¥25.467 million, improving foreign exchange factors from a drag on earnings. - FY2022-Q3MitigatedAnnual report
「Foreign exchange gain 17,283」
The company shifted from a ¥10.155 million foreign exchange loss in the same period of the previous year to a ¥17.283 million foreign exchange gain in the current quarter, improving foreign exchange factors from a drag on earnings. - FY2022-Q1MitigatedAnnual report
「Non-operating income Interest income 660 Dividend income 281 Foreign exchange gain 1,603」
The company recorded a ¥1.603 million foreign exchange gain in the current quarter, compared with a ¥4.060 million foreign exchange loss in the same period of the previous year, improving foreign exchange factors from a source of losses. - FY2021MitigatedAnnual report
「Non-operating income Foreign exchange gain 1,964」
The company shifted from a ¥1.344 million foreign exchange loss in FY2020 to a ¥1.964 million foreign exchange gain in FY2021, improving foreign exchange factors from a drag on earnings. - FY2021-Q3WorsenedAnnual report
「Foreign exchange loss 10,155」
In the cumulative third quarter of the 41st fiscal year, the company recorded a ¥10.155 million foreign exchange loss, shifting from a ¥4.324 million foreign exchange gain in the same period of the previous year to a factor weighing on earnings. - FY2021-Q2WorsenedAnnual report
「Foreign exchange loss 7,593」
The foreign exchange loss increased from ¥3.888 million in the same period of the previous year to ¥7.593 million, increasing the adverse impact of foreign exchange factors on earnings. - FY2021-Q1MitigatedAnnual report
「Foreign exchange loss 5,886 4,060」
The foreign exchange loss declined from ¥5.886 million in the same period of the previous year to ¥4.060 million, but unlike the quarter of the previous year, when the company shifted to a foreign exchange gain due to the yen's depreciation, it remained a factor weighing on earnings in the current quarter. - FY2020WorsenedAnnual report
「Non-operating expenses Foreign exchange loss 1,344」
The company shifted from an ¥11 million foreign exchange gain in the previous year to a ¥1.344 million foreign exchange loss in the current year, with foreign exchange factors again weighing on earnings. - FY2020-Q2WorsenedAnnual report
「Foreign exchange loss 3,888」
The company shifted from a ¥20 million foreign exchange gain in the same period of the previous year to a ¥3.888 million foreign exchange loss for the cumulative current quarter, indicating deterioration in foreign exchange factors. - FY2020-Q1WorsenedAnnual report
「Foreign exchange loss 5,886」
The company shifted from a foreign exchange gain in the same period of the previous year to a ¥5.886 million foreign exchange loss in the current quarter, with foreign exchange factors again weighing on earnings. - FY2019-Q3MitigatedAnnual report
「The company recorded an ¥11 million foreign exchange gain due to the yen's depreciation, resulting in an ordinary loss of ¥5 million (ordinary loss of ¥22 million in the same quarter of the previous year).」
The company recorded an ¥11 million foreign exchange gain due to the yen's depreciation, compared with an ordinary loss of ¥22 million in the same period of the previous year, narrowing the ordinary loss. - FY2019-Q2MitigatedAnnual report
「The company recorded a ¥20 million foreign exchange gain due to the yen's depreciation, resulting in an ordinary loss of ¥47 million (ordinary loss of ¥64 million in the same quarter of the previous year).」
The current quarter produced a ¥20 million foreign exchange gain, compared with a foreign exchange loss in the same period of the previous year, narrowing the ordinary loss. - FY2019-Q1MitigatedAnnual report
「The company recorded a ¥12 million foreign exchange gain due to the yen's depreciation, resulting in an ordinary loss of ¥15 million (ordinary loss of ¥16 million in the same quarter of the previous year).」
The company recorded a ¥12 million foreign exchange gain in the current quarter, compared with a ¥1 million foreign exchange loss in the same period of the previous year, indicating an improvement in foreign exchange factors. - FY2018-Q2MitigatedAnnual report
「Non-operating expenses | Interest expense | 3,440 | 4,904 | Foreign exchange loss | 50,424 | 5,104」
Cumulative foreign exchange losses for the second quarter were ¥5.104 million, down from ¥50.424 million in the same period of the previous year. - FY2018-Q1MitigatedAnnual report
「Foreign exchange loss ¥1.185 million」
The foreign exchange loss in the first quarter was ¥1.185 million, down from ¥37.111 million in the same quarter of the previous year. - FY2017A shift from the effects of yen appreciation to yen depreciation during the fiscal yearAnnual report
「During the consolidated fiscal year, the Japanese economy saw the yen appreciate through the six months ended the second quarter, negatively affecting export-related companies, while the shift to yen depreciation from the third quarter onward had a positive effect.」
The company states that revenue was reduced by yen appreciation in the first half, while the shift to yen depreciation had a positive effect in the second half. - FY2017-Q3Reversal in foreign exchange effectsAnnual report
「As a result, sales for the cumulative third-quarter period were ¥2,323 million, down 21.9% year on year, due to the downsizing and suspension of existing projects and lower selling prices resulting from intensifying sales competition. Operating profit was ¥58 million, down 43.0% year on year. Ordinary profit was ¥67 million, down 35.0% year on year, due in part to a ¥7 million foreign exchange gain arising from the yen's depreciation. Net profit attributable to owners of the parent was ¥48 million, down 56.7% year on year.」
While the impact of yen appreciation at the beginning of the fiscal year continued to reduce revenue, the yen's shift to depreciation from the third quarter of the fiscal year resulted in a foreign exchange gain of ¥7 million rather than a foreign exchange loss. - FY2017-Q2MaterialisedAnnual report
「As a result, sales for the cumulative second-quarter period were ¥1,632 million, down 21.0% year on year, due to timing shifts in projects and the impact of the stronger yen, among other factors. Operating profit was ¥61 million, down 50.1% year on year. Ordinary profit was ¥14 million, down 89.2% year on year, due in part to a ¥50 million foreign exchange loss arising from the yen's appreciation. The Company posted a quarterly net loss attributable to owners of the parent of ¥3 million, compared with quarterly net profit attributable to owners of the parent of ¥142 million in the same quarter of the previous year.」
Lower revenue due to yen appreciation and a foreign exchange loss of ¥50 million led to lower ordinary income and a quarterly net loss.