Impact of Yen Appreciation and Foreign-Exchange Losses on Results
First written in FY2017-Q1. 13 of 32 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2025: 73 of 159 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「The foreign exchange gain was ¥791 million, compared with ¥140 million in the same period of the previous year.」
The foreign exchange gain increased from ¥140 million in the same period of the previous year to ¥791 million, and no impact from foreign exchange losses arose. - 2026-05-14MitigatedRevisions to earnings forecasts
「為替差益や投資有価証券償還益の計上などにより親会社株主に帰属する当期純利益は予想を上回る結果となりました。」
為替差益の計上が当期純利益の予想超過要因として示され、為替差損リスクの影響が抑制された状態を再確認している。 - FY2026-H1MitigatedAnnual report
「Foreign exchange gain - 404 Foreign exchange loss 42 -」
The result changed from a ¥42 million foreign exchange loss in the interim period of the previous year to a ¥404 million foreign exchange gain in the current interim period, mitigating the impact of foreign exchange losses. - FY2025MitigatedAnnual report
「Foreign exchange gain 755 140」
Although a foreign exchange loss arose in the interim period, the full-year result was a ¥140 million foreign exchange gain, mitigating the impact of foreign exchange loss risk for the full year. - FY2025-H1MaterialisedAnnual report
「Foreign exchange gain 544 - Foreign exchange loss - 42」
The result changed from a ¥544 million foreign exchange gain in the same period of the previous year to a ¥42 million foreign exchange loss for the six months of the current consolidated fiscal year, and a foreign exchange loss actually arose. - FY2024-Q3Year-on-year increase in foreign exchange gainAnnual report
「Foreign exchange gain 266 472」
The foreign exchange gain for the nine months ended the third quarter increased from ¥266 million in the same period of the previous year to ¥472 million, and did not turn into a foreign exchange loss. - FY2024-Q2Increase in foreign-exchange gainsAnnual report
「Foreign exchange gain 369 544」
The foreign exchange gain increased from ¥369 million in the same period of the previous year to ¥544 million in the current period, and did not turn into a foreign exchange loss. - FY2024-Q1Increase in foreign-exchange gainsAnnual report
「Foreign exchange gain 374 380」
The foreign exchange gain was ¥380 million in the current period, up from ¥374 million in the same period of the previous year, and did not turn into a foreign exchange loss. - FY2023-Q3RestatedAnnual report
「Operating profit was ¥3,737 million, down 22.8% year on year, due to changes in the foreign exchange environment, higher ocean freight costs and higher material costs, among other factors.」
The impact of changes in the foreign exchange environment, together with higher ocean freight and material costs, is being reconfirmed as a factor behind the decline in operating profit. - FY2023-Q2Renewed impact of changes in the foreign exchange environmentAnnual report
「As a result, net sales for the six months ended the second quarter of the current consolidated fiscal year were ¥42,024 million, up 1.5% year on year, while operating profit was ¥2,436 million, down 27.0% year on year, due to changes in the foreign exchange environment, higher ocean freight costs and higher material costs.」
While the foreign exchange gain itself increased, changes in the foreign exchange environment actually emerged, together with higher ocean freight and material costs, as factors behind the 27.0% year-on-year decline in operating profit. - FY2023-Q1Increase in foreign-exchange gainsAnnual report
「Foreign exchange gain 102 374」
The foreign exchange gain increased from ¥102 million in the same period of the previous year to ¥374 million in the current period. While no adverse impact from foreign exchange losses arose, foreign exchange movements were cited as a factor behind the decline in operating profit. - FY2022-Q3Increase in foreign-exchange gainsAnnual report
「Foreign exchange gain 155 234」
The foreign exchange gain increased from ¥155 million in the same period of the previous year to ¥234 million for the nine months ended the third quarter, and no adverse impact from foreign exchange losses arose. - FY2022-Q2MitigatedAnnual report
「Foreign exchange gain 81 144」
The foreign exchange gain increased from ¥81 million in the same period of the previous year to ¥144 million in the current period, and no adverse impact from foreign exchange losses arose. - FY2022-Q1MitigatedAnnual report
「Foreign exchange gain - 102」
The result changed from a foreign exchange loss in the same period of the previous year to a ¥102 million foreign exchange gain for the three months ended the first quarter, mitigating the adverse impact of the stronger yen and foreign exchange losses. - FY2021-Q3MitigatedAnnual report
「Foreign exchange gain 52 155」
The foreign exchange gain increased from ¥52 million in the same period of the previous year to ¥155 million in the current period, resulting in a foreign exchange gain rather than a loss for the nine months ended the third quarter. - FY2021-Q2MitigatedAnnual report
「Foreign exchange gain - 81」
The result changed from a ¥70 million foreign exchange loss in the same period of the previous year to an ¥81 million foreign exchange gain for the six months ended the second quarter, mitigating the impact of foreign exchange losses. - FY2021-Q1MaterialisedAnnual report
「In the musical instruments and education business, sales of digital pianos increased in Europe. However, due to the impact of the stronger yen, the suspension of lessons at domestic music and physical education schools and the cancellation of events necessitated by the spread of COVID-19, and other factors, net sales were ¥9,156 million, down 34.6% year on year, and the operating loss was ¥690 million, compared with operating profit of ¥358 million in the same period of the previous year.」
The impact of the stronger yen materialized, together with class suspensions and event cancellations due to COVID-19, as a decline in net sales and an operating loss in the musical instruments and education business. - FY2020MaterialisedAnnual report
「However, due to the impact of the stronger yen and the suspension of music and physical education classes from the fourth quarter onward following the spread of COVID-19, net sales were ¥57,049 million, down 2.6% year on year, and operating profit was ¥1,814 million, down 29.6% year on year.」
The impact of the stronger yen materialized over the full year as declines in net sales and operating profit in the musical instruments and education business. - FY2020-Q3MaterialisedAnnual report
「However, due to the impact of the stronger yen, net sales were ¥43,335 million, down 0.6% year on year, and operating profit was ¥1,947 million, down 4.8% year on year.」
The impact of the stronger yen materialized as declines in net sales and operating profit in the musical instruments and education business. - FY2020-Q2WorsenedAnnual report
「Foreign exchange losses − 70」
The result changed from a ¥123 million foreign exchange gain in the same period of the previous year to a ¥70 million foreign exchange loss for the six months ended the second quarter, with the loss also increasing from the ¥26 million foreign exchange loss in the previous quarter. - FY2020-Q1MaterialisedAnnual report
「Foreign exchange loss － 26」
The result changed from a ¥38 million foreign exchange gain in the same period of the previous year to a ¥26 million foreign exchange loss in the current quarter, and the report explains that foreign exchange movements also affected net sales and operating profit. - FY2019Full-year year-on-year decrease in foreign exchange gainAnnual report
「Foreign exchange gain 182 160」
The foreign exchange gain for the consolidated fiscal year was ¥160 million, down from ¥182 million in the previous year, but did not turn into a foreign exchange loss. - FY2019-Q3Year-on-year decrease in foreign exchange gainAnnual report
「Foreign exchange gain 250 70」
The foreign exchange gain for the nine months ended the third quarter was ¥70 million, down from ¥250 million in the same period of the previous year, but did not turn into a foreign exchange loss. - FY2019-Q2Year-on-year decrease in foreign exchange gainAnnual report
「Foreign exchange gain 186 123」
The foreign exchange gain for the six months ended the second quarter was ¥123 million, down from ¥186 million in the same period of the previous year, but did not turn into a foreign exchange loss. - FY2019-Q1Decline in Foreign Exchange GainsAnnual report
「Foreign exchange gain 88 38」
The foreign exchange gain decreased from ¥88 million in the same period of the previous year to ¥38 million in the current period, but did not turn into a foreign exchange loss. - FY2018MitigatedAnnual report
「A foreign exchange gain arose from the revaluation of foreign-currency-denominated receivables at the end of the period, resulting in a ¥492 million year-on-year increase in profit compared with the previous consolidated fiscal year.」
The recognition of a foreign exchange gain from the revaluation of foreign-currency-denominated receivables limited the adverse impact of foreign exchange movements on ordinary profit. - FY2018-Q3MitigatedAnnual report
「Non-operating income Foreign exchange gain 138 250」
The foreign exchange gain for the nine months ended the third quarter was ¥250 million, up from ¥138 million in the same period of the previous year. - FY2018-Q2MitigatedAnnual report
「Ordinary profit was ¥1,226 million, up ¥242 million year on year, due to the recognition of a foreign exchange gain amid the yen's weakening trend.」
A ¥186 million foreign exchange gain was recorded amid the yen's weakening trend, resulting in a favorable change from the foreign exchange loss in the same period of the previous year. - FY2018-Q1MitigatedAnnual report
「Foreign exchange gain - 88」
While the musical instruments and education business continued to be affected by foreign exchange movements, the result changed from a ¥200 million foreign exchange loss in the same period of the previous year to an ¥88 million foreign exchange gain in the current period, reducing the adverse impact of foreign exchange losses on ordinary profit. - FY2017-Q3MitigatedAnnual report
「As a result, net sales for the nine months ended the third quarter of the current consolidated fiscal year were ¥48,507 million, down ¥1,533 million year on year, due to the impact of the stronger yen and other factors. Operating profit was ¥1,887 million, down ¥30 million year on year, despite solid performance in the materials processing business, due in part to lower profit in the musical instruments business. However, ordinary profit was ¥2,056 million, up ¥58 million year on year, due to a foreign exchange gain arising from the revaluation of foreign-currency-denominated receivables as the yen weakened toward the end of the period.」
While the impact of the stronger yen on sales continued, the yen's weakening trend toward the end of the period resulted in a foreign exchange gain rather than a loss, boosting ordinary profit. - FY2017-Q2WorsenedAnnual report
「As a result, net sales for the six months ended the second quarter of the current consolidated fiscal year were ¥32,127 million, down ¥436 million year on year, due to the impact of the stronger yen and a decrease in orders in the materials processing business. Operating profit was ¥1,221 million, up ¥24 million year on year, reflecting solid performance in the education-related business and other factors, but ordinary profit was ¥984 million, down ¥261 million year on year, due to the recognition of foreign exchange losses.」
The impact of the stronger yen continued, and a ¥210 million foreign exchange loss was recorded for the cumulative period under review. This was a deterioration from the ¥82 million foreign exchange gain in the same period of the previous year. - FY2017-Q1First statedAnnual report
「Ordinary profit was ¥20 million due to foreign exchange losses, a ¥135 million year-on-year decrease.」
The report states that the impact of the stronger yen affected net sales and ordinary profit, resulting in a ¥200 million foreign exchange loss during the quarter.