Foreign Exchange Risk and Hedging Gains and Losses Associated with Foreign-Currency-Denominated Import Transactions
First written in FY2016. 18 of 32 entries say "Restated". Latest entry: FY2026.
Lec 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 2025: 8 of 19 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Shift from a foreign exchange loss in the interim period to a foreign exchange gain for the full fiscal yearAnnual report
「Foreign exchange gain 109 92」
The company recorded a foreign exchange gain of ¥92 million for the consolidated fiscal year, compared with a foreign exchange gain of ¥109 million in the same period of the previous year. Although a foreign exchange loss of ¥71 million had been recorded for the interim consolidated accounting period, the full fiscal year resulted in a foreign exchange gain. - FY2026-H1Shift from foreign exchange gains to foreign exchange lossesAnnual report
「Foreign exchange gain 182 — Foreign exchange loss — 71」
Compared with the foreign exchange gain of ¥182 million in the same period of the previous year, the company recorded a foreign exchange loss of ¥71 million for the interim consolidated accounting period. The foreign exchange impact associated with foreign-currency-denominated transactions continued, but its effect on profit or loss turned from a gain into a loss. - FY2025Shift from foreign exchange losses to foreign exchange gainsAnnual report
「Ordinary profit increased by ¥1,317 million from the previous consolidated fiscal year to ¥3,004 million, up 78.1% year on year. This was mainly due to higher operating profit, as well as increases in non-operating income such as foreign exchange gains and service fees.」
The foreign exchange loss of ¥74 million in the previous fiscal year turned into a foreign exchange gain of ¥109 million in the fiscal year. The impact of foreign-currency-denominated transactions continued, but its effect on profit or loss changed from a loss to a gain. - FY2025-H1Increase in Foreign Exchange GainsAnnual report
「Foreign exchange gain 38 182」
The foreign exchange gain for the interim consolidated accounting period was ¥182 million, up from ¥38 million in the same period of the previous year. Foreign exchange effects associated with foreign-currency-denominated transactions occurred, but were recorded as a gain during the interim consolidated accounting period. - FY2024MaterialisedAnnual report
「The company hedges foreign exchange fluctuation risk through forward exchange contracts and other instruments. However, if exchange rates change sharply due to the occurrence of unforeseeable conflicts or other events, this could affect the Group's financial position and operating results.」
The company continued to hedge through forward exchange contracts, but recorded a foreign exchange loss of ¥74 million in the fiscal year. The contract amount of forward exchange contracts decreased from ¥10,857 million in the previous fiscal year to ¥67 million, while their fair value decreased from ¥366 million to ¥5 million. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company has determined that there have been no significant occurrences or changes in foreign exchange fluctuation risk associated with foreign-currency-denominated import transactions or in hedging through forward exchange contracts and other instruments. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company has determined that there have been no significant occurrences or changes in foreign exchange fluctuation risk associated with foreign-currency-denominated import transactions or in hedging through forward exchange contracts and other instruments. It recorded a foreign exchange gain of ¥38 million for the cumulative period. - FY2024-Q1MaterialisedAnnual report
「At the same time, the outlook remained uncertain due to soaring fuel and raw material prices resulting from the prolonged invasion of Ukraine, the prolonged depreciation of the yen in the foreign exchange market, and volatility in the financial and capital markets as monetary tightening progressed under global inflationary pressure. Foreign exchange loss 67 1」
The prolonged depreciation of the yen continued to be an uncertainty factor in the operating environment, and a foreign exchange loss of ¥1 million was recorded for the cumulative first quarter period. Although the amount decreased from the ¥67 million foreign exchange loss in the same period of the previous year, the effects of foreign exchange fluctuations have materialized. - FY2023MaterialisedAnnual report
「During the consolidated fiscal year, the Japanese economy generally remained on a recovery trend as restrictions on activities were eased despite a rapid resurgence in COVID-19 infections. At the same time, the outlook remained uncertain amid volatility in the financial and capital markets as monetary tightening progressed under global inflationary pressure, alongside soaring energy and raw material prices and the depreciation of the yen.」
The depreciation of the yen continued to be identified as a factor worsening the operating environment, and the company recorded a foreign exchange gain of ¥85 million in the fiscal year. The contract amount of forward exchange contracts to purchase US dollars was ¥10,857 million, with a fair value of ¥366 million. - FY2023-Q3MaterialisedAnnual report
「In the household goods industry in which the Group operates, consumers' preference for saving increased as consumer prices continued to rise due to the rapid depreciation of the yen and higher energy and raw material prices, and the operating environment remained challenging.」
The rapid depreciation of the yen continued to be identified as a factor worsening the operating environment. The income statement for the cumulative third quarter period recorded a foreign exchange gain of ¥52 million, meaning that the nature of the foreign exchange impact differed from the foreign exchange losses recorded through the previous quarter. - FY2023-Q2MaterialisedAnnual report
「In the household goods industry in which the Group operates, employment and income conditions showed signs of recovery. At the same time, prices continued to rise due to the rapid depreciation of the yen in the foreign exchange market and rising costs, including sharply higher raw material prices and ocean freight rates, and the operating environment remained challenging. Foreign exchange loss — 102」
The rapid depreciation of the yen continued to be identified as a factor worsening the operating environment, and a foreign exchange loss of ¥102 million was recorded for the cumulative second quarter period. - FY2023-Q1MaterialisedAnnual report
「In the household goods industry in which the Group operates, employment and income conditions showed some signs of recovery. At the same time, inflation concerns intensified due to the rapid depreciation of the yen in the foreign exchange market and rising costs, including sharply higher raw material prices and ocean freight rates, and the operating environment remained challenging. Foreign exchange loss — 67」
The rapid depreciation of the yen was identified as a factor worsening the operating environment, and a foreign exchange loss of ¥67 million was recorded under non-operating expenses. The effects of foreign exchange fluctuations have materialized. - FY2022WorsenedAnnual report
「In the household goods industry in which the Group operates, economic activity stagnated as the spread of COVID-19 weakened consumer spending amid deteriorating employment and income conditions. At the same time, the operating environment remained challenging due to the rapid depreciation of the yen in the foreign exchange market and rising costs, including sharply higher raw material prices and ocean freight rates.」
The rapid depreciation of the yen was explicitly identified as a factor worsening the operating environment. The contract amount of forward exchange contracts increased from ¥1,638 million in the previous fiscal year to ¥4,958 million, and the company recorded a foreign exchange loss of ¥41 million in the fiscal year. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company has determined that there have been no significant occurrences or changes in foreign exchange fluctuation risk associated with foreign-currency-denominated import transactions or in hedging through forward exchange contracts and other instruments. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company has determined that there have been no significant occurrences or changes in foreign exchange fluctuation risk associated with foreign-currency-denominated import transactions. It recorded a foreign exchange gain of ¥32 million in the quarter. - FY2021MaterialisedAnnual report
「Foreign exchange loss 75」
The company recorded a foreign exchange loss of ¥75 million during the current consolidated fiscal year as a result of foreign exchange movements affecting US-dollar-denominated imports and other transactions. Hedging through forward exchange contracts has continued; the fair value of derivatives was ¥120 million and the contract amount was ¥1.638 billion. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material new developments or changes in the foreign exchange risk associated with foreign-currency-denominated imports or hedging through forward exchange contracts and other instruments. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It has been determined that there have been no material new developments or changes in the foreign exchange risk associated with foreign-currency-denominated imports or hedging through forward exchange contracts and other instruments. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the foreign exchange risk associated with US-dollar-denominated imports or hedging through forward exchange contracts and other instruments. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the foreign exchange risk associated with US-dollar-denominated imports or hedging through forward exchange contracts and other instruments. Although a foreign exchange gain of ¥12 million was recorded for the current quarter, it is not described as a change in the risk. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year.」
It has been determined that there have been no material changes in the foreign exchange risk associated with US-dollar-denominated imports or hedging through forward exchange contracts and other instruments. - FY2019MaterialisedAnnual report
「This was mainly due to the occurrence of a foreign exchange loss, despite an increase in income from business services provided.」
The analysis of ordinary profit cites the occurrence of a foreign exchange loss, indicating that the impact of exchange rate fluctuations on foreign-currency-denominated transactions materialized during the current fiscal year. Non-operating expenses included a foreign exchange loss of ¥85 million and a derivative valuation loss of ¥15 million. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the foreign exchange risk associated with US-dollar-denominated imports or hedging through forward exchange contracts and other instruments. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the foreign exchange risk associated with US-dollar-denominated imports or hedging through forward exchange contracts and other instruments. - FY2018RestatedAnnual report
「The imports described above, including those under “(1) Production System in China,” are conducted primarily in US dollars. Although the group hedges foreign exchange risk through forward exchange contracts and other instruments to mitigate the risk of exchange rate fluctuations, sudden exchange rate movements caused by unforeseeable conflicts or other events could affect the group’s financial position and operating results.」
The company continues to disclose the foreign exchange risk associated with US-dollar-denominated imports and hedging through forward exchange contracts and other instruments. The derivative valuation loss was ¥42 million, down from ¥127 million in the previous fiscal year. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the foreign exchange risk associated with US-dollar-denominated imports or hedging through forward exchange contracts and other instruments. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the foreign exchange risk associated with US-dollar-denominated imports or hedging through forward exchange contracts and other instruments. - FY2017RestatedAnnual report
「The imports described above, including those under “(1) Production System in China,” are conducted primarily in US dollars. Although the group hedges foreign exchange risk through forward exchange contracts and other instruments to mitigate the risk of exchange rate fluctuations, sudden exchange rate movements caused by unforeseeable conflicts or other events could affect the group’s financial position and operating results.」
The company continues to disclose the foreign exchange risk associated with US-dollar-denominated imports and hedging through forward exchange contracts. The derivative valuation loss decreased from ¥386 million in the previous fiscal year to ¥127 million. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the foreign exchange risk associated with foreign-currency-denominated imports. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the foreign exchange risk associated with foreign-currency-denominated imports. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the foreign exchange risk associated with foreign-currency-denominated imports. - FY2016First statedAnnual report
「The imports described above, including those under “(1) Production System in China,” are conducted primarily in US dollars. Although the group hedges foreign exchange risk through forward exchange contracts and other instruments to mitigate the risk of exchange rate fluctuations, sudden exchange rate movements caused by unforeseeable conflicts or other events could affect the group’s financial position and operating results.」
The company uses forward exchange contracts to hedge the foreign exchange risk associated with foreign-currency-denominated imports. During the current fiscal year, it recognized a derivative valuation loss of ¥386 million from the fair value measurement of forward exchange contracts.