Foreign Exchange Risk from Currency Fluctuations in Overseas Operations
First written in FY2016. 14 of 31 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-07-23.
Shin-Etsu Polymer moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 16 of 27 companies on the "Worse" side.
7 other companies' latest entry also says "Materialised".
- 2026-07-23MaterialisedEarnings
「As the yen depreciated against the recording currencies of major overseas consolidated subsidiaries compared with the end of the previous consolidated fiscal year, the foreign currency translation adjustment increased by ¥918 million.」
The company recorded a foreign currency translation impact resulting from yen depreciation against the recording currencies of major overseas subsidiaries. - FY2026MitigatedAnnual report
「Compared with the end of the previous consolidated fiscal year, the yen depreciated against the accounting currencies of major overseas consolidated subsidiaries, resulting in a ¥1,325 million increase in the foreign currency translation adjustment」
The foreign currency translation adjustment shifted from a decrease caused by yen appreciation in the first half to a ¥1,325 million increase for the full fiscal year due to yen depreciation. - 2026-04-27RestatedEarnings
「In addition, some of our Group's core products are affected significantly by market conditions and fluctuations in supply and demand for raw materials, while others involve foreign-currency transactions and are affected by exchange-rate movements.」
The company again identifies fluctuations in raw-material prices and exchange rates affecting foreign-currency transactions as factors that make forecasting difficult. - FY2026-H1MaterialisedAnnual report
「Net assets at the end of the interim consolidated accounting period were ¥123,530 million, up ¥375 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,311 million increase in retained earnings, partly offset by a ¥3,245 million decrease in the foreign currency translation adjustment as the yen appreciated against the accounting currencies of major overseas consolidated subsidiaries compared with the end of the previous consolidated fiscal year.」
The foreign currency translation adjustment decreased by ¥3,245 million as the yen appreciated against the accounting currencies of major overseas consolidated subsidiaries, and the impact of translating overseas operations into yen was actually felt. - FY2025-H1The impact of yen depreciation on foreign currency translation expandedAnnual report
「Net assets at the end of the interim consolidated accounting period were ¥121,424 million, up ¥8,456 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,651 million increase in retained earnings and a ¥5,749 million increase in the foreign currency translation adjustment, as the yen depreciated against the accounting currencies of all overseas consolidated subsidiaries compared with the end of the previous consolidated fiscal year.」
The foreign currency translation adjustment increased by ¥5,749 million as the yen depreciated against the accounting currencies of all overseas consolidated subsidiaries. The translation impact of yen depreciation since the end of the previous fiscal year has expanded. - FY2024-Q3The impact of yen depreciation on foreign currency translation expandedAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal period were ¥112,590 million, up ¥7,461 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥4,570 million increase in the foreign currency translation adjustment, as the yen depreciated against the accounting currencies of all overseas consolidated subsidiaries compared with the end of the previous consolidated fiscal year, and a ¥3,449 million increase in retained earnings.」
The increase in the foreign currency translation adjustment due to yen depreciation reached ¥4,570 million, expanding from ¥3,326 million in FY2024-Q2. - FY2024-Q2The impact of yen depreciation on foreign currency translation expanded againAnnual report
「Net assets at the end of the second quarter of the current consolidated fiscal period were ¥111,629 million, up ¥6,501 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥3,326 million increase in the foreign currency translation adjustment, as the yen depreciated against the accounting currencies of major overseas consolidated subsidiaries compared with the end of the previous consolidated fiscal year, and a ¥2,998 million increase in retained earnings.」
The increase in the foreign currency translation adjustment due to yen depreciation reached ¥3,326 million, expanding from ¥591 million in FY2024-Q1. The impact of translating overseas operations into yen has grown again. - FY2024-Q1The impact of yen depreciation continued, but the increase narrowedAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal period were ¥106,447 million, up ¥1,318 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥682 million increase in retained earnings and a ¥591 million increase in the foreign currency translation adjustment, as the yen depreciated against the accounting currencies of major overseas consolidated subsidiaries compared with the end of the previous consolidated fiscal year.」
The foreign currency translation adjustment increased by ¥591 million as the yen depreciated against the accounting currencies of major overseas consolidated subsidiaries. The translation impact of yen depreciation continues, but the increase narrowed from the ¥7,508 million increase in FY2023-Q3. - FY2023-Q3The impact of yen depreciation on foreign currency translation expanded furtherAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal period were ¥107,166 million, up ¥12,829 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥7,508 million increase in the foreign currency translation adjustment, as the yen depreciated against the accounting currencies of overseas consolidated subsidiaries other than those using the Hungarian forint, and a ¥5,066 million increase in retained earnings.」
The increase in the foreign currency translation adjustment reached ¥7,508 million as the yen depreciated against the accounting currencies of overseas consolidated subsidiaries other than those using the Hungarian forint, expanding from ¥6,165 million in FY2023-Q2. - FY2023-Q2The impact of yen depreciation on foreign currency translation expandedAnnual report
「Net assets at the end of the second quarter of the current consolidated fiscal period were ¥104,624 million, up ¥10,287 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥6,165 million increase in the foreign currency translation adjustment, as the yen depreciated against the accounting currencies of all overseas consolidated subsidiaries compared with the end of the previous consolidated fiscal year, and a ¥3,914 million increase in retained earnings.」
The foreign currency translation adjustment increased by ¥6,165 million as the yen depreciated against the accounting currencies of all overseas consolidated subsidiaries. The impact expanded from the ¥2,541 million increase in the previous quarter. - FY2023-Q1RestatedAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal period were ¥98,454 million, up ¥4,117 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥1,575 million increase in retained earnings and a ¥2,541 million increase in the foreign currency translation adjustment, as the yen depreciated against the accounting currencies of all overseas consolidated subsidiaries compared with the end of the previous consolidated fiscal year.」
The foreign currency translation adjustment increased by ¥2,541 million as the yen depreciated against the accounting currencies of all overseas consolidated subsidiaries, and the impact of translating overseas operations into yen continues to be felt. - FY2022RestatedAnnual report
「Compared with the end of the previous consolidated fiscal year, the yen depreciated against the accounting currencies of overseas consolidated subsidiaries other than the Thai baht and Hungarian forint, resulting in a ¥3,557 million increase in the foreign currency translation adjustment, among other factors,」
The foreign currency translation adjustment increased by ¥3,557 million as the yen depreciated against the accounting currencies of overseas subsidiaries other than those using the Thai baht and Hungarian forint, and the negative impact of the yen's appreciation through the previous fiscal year continues to ease. - FY2022-Q3RestatedAnnual report
「Net assets at the end of the third quarter of the current consolidated fiscal period were ¥92,360 million, up ¥5,682 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥2,395 million increase in the foreign currency translation adjustment, as the yen depreciated against the accounting currencies of overseas consolidated subsidiaries other than the Thai baht, and a ¥3,775 million increase in retained earnings.」
The foreign currency translation adjustment increased by ¥2,395 million as the yen depreciated against the accounting currencies of overseas consolidated subsidiaries other than the Thai baht, and the negative impact of the yen's appreciation through the previous fiscal year continues to ease. - FY2022-Q2MitigatedAnnual report
「As of the end of the six-month consolidated accounting period, net assets were ¥91,543 million, up ¥4,866 million from the end of the previous fiscal year. The foreign currency translation adjustment account increased by ¥2,181 million as the yen depreciated against the functional currencies of overseas consolidated subsidiaries except the Thai baht, while retained earnings increased by ¥2,595 million, among other factors.」
The yen's depreciation against the functional currencies of overseas consolidated subsidiaries increased the foreign currency translation adjustment account by ¥2,181 million, easing the adverse impact previously caused by the yen's appreciation. - FY2022-Q1MitigatedAnnual report
「As of the end of the three-month consolidated accounting period, net assets were ¥89,650 million, up ¥2,973 million from the end of the previous fiscal year. This was mainly due to a ¥2,068 million increase in the foreign currency translation adjustment account as the yen depreciated against the functional currencies of all overseas consolidated subsidiaries, along with a ¥942 million increase in retained earnings.」
The yen's depreciation against the functional currencies of all overseas consolidated subsidiaries increased the foreign currency translation adjustment account by ¥2,068 million, easing the adverse impact previously caused by the yen's appreciation. - FY2021-Q2MaterialisedAnnual report
「As of the end of the six-month consolidated accounting period, net assets were ¥85,020 million, up ¥481 million from the end of the previous fiscal year. The foreign currency translation adjustment account decreased by ¥1,056 million as the yen appreciated against the functional currencies of all overseas consolidated subsidiaries, while retained earnings increased by ¥1,340 million, among other factors.」
The appreciation of the yen against the functional currencies of all overseas consolidated subsidiaries reduced the foreign currency translation adjustment account by ¥1,056 million, demonstrating that the impact of exchange-rate risk had materialized. - FY2021-Q1MaterialisedAnnual report
「As of the end of the three-month consolidated accounting period, net assets were ¥84,156 million, down ¥381 million from the end of the previous fiscal year. This was due mainly to a ¥907 million decrease in the foreign currency translation adjustment account as the yen appreciated against the functional currencies of all overseas consolidated subsidiaries compared with the end of the previous fiscal year, partly offset by a ¥441 million increase in retained earnings.」
The appreciation of the yen against the functional currencies of overseas consolidated subsidiaries reduced the foreign currency translation adjustment account by ¥907 million, demonstrating that the impact of exchange-rate movements had materialized. - FY2020MaterialisedAnnual report
「As of the end of the fiscal year, net assets were ¥84,538 million, up ¥3,977 million from the end of the previous fiscal year. This was mainly due to a ¥4,975 million increase in retained earnings, partly offset by a ¥516 million decrease in the foreign currency translation adjustment account as the yen appreciated against the functional currencies of all overseas consolidated subsidiaries except the Thai baht.」
The appreciation of the yen against the functional currencies of overseas subsidiaries reduced the foreign currency translation adjustment account by ¥516 million. A foreign-exchange loss of ¥260 million was also recorded in profit or loss. - FY2020-Q3MaterialisedAnnual report
「As of the end of the nine-month consolidated accounting period, net assets were ¥82,184 million, up ¥1,624 million from the end of the previous fiscal year. The foreign currency translation adjustment account decreased by ¥1,425 million as the yen appreciated against the functional currencies of all overseas consolidated subsidiaries except the Thai baht, while retained earnings increased by ¥3,429 million, among other factors.」
The appreciation of the yen against the functional currencies of overseas consolidated subsidiaries reduced the foreign currency translation adjustment account by ¥1,425 million, demonstrating that the impact of exchange-rate risk had materialized. - FY2020-Q2MaterialisedAnnual report
「As of the end of the six-month consolidated accounting period, the yen had appreciated against the functional currencies of all overseas consolidated subsidiaries except the Thai baht compared with the end of the previous fiscal year, resulting in a ¥917 million decrease in the foreign currency translation adjustment account.」
The appreciation of the yen against the functional currencies of overseas subsidiaries reduced the foreign currency translation adjustment account by ¥917 million, demonstrating that the impact of exchange-rate movements on the overseas business had materialized. - FY2020-Q1MaterialisedAnnual report
「Expectations of monetary easing by central banks in Europe and the United States later this year led to a stronger yen, raising concerns about deteriorating earnings in the manufacturing sector.」
The yen appreciated in practice, and a foreign-exchange loss of ¥214 million was recorded in the first quarter. - FY2019-Q3MaterialisedAnnual report
「As of the end of the nine-month consolidated accounting period, net assets were ¥80,081 million, up ¥2,570 million from the end of the previous fiscal year. This was mainly due to an increase of ¥3,605 million in retained earnings, partly offset by a ¥590 million decrease in the foreign currency translation adjustment account, as the yen appreciated against the Chinese yuan, Malaysian ringgit and Indian rupee compared with the end of the previous fiscal year.」
The appreciation of the yen against the functional currencies of overseas subsidiaries reduced the foreign currency translation adjustment account by ¥590 million, demonstrating that the impact of exchange-rate movements on the overseas business had materialized. - FY2019-Q2MaterialisedAnnual report
「Compared with the end of the previous fiscal year, the yen appreciated against the functional currencies of all overseas consolidated subsidiaries, resulting in a ¥1,070 million decrease in the foreign currency translation adjustment account.」
The impact of exchange-rate movements on the translation of overseas subsidiaries' results into yen materialized, reducing the foreign currency translation adjustment account by ¥1,070 million. - FY2019-Q1MaterialisedAnnual report
「Compared with the end of the previous fiscal year, the yen appreciated against the functional currencies of all overseas consolidated subsidiaries, resulting in a ¥1,324 million decrease in the foreign currency translation adjustment account.」
The impact of exchange-rate movements on the translation of overseas subsidiaries' results into yen materialized, reducing the foreign currency translation adjustment account by ¥1,324 million. Meanwhile, a foreign-exchange gain of ¥97 million was recorded in profit or loss. - FY2018-Q3RestatedAnnual report
「In Japan, the yen's depreciation became established as a trend, corporate earnings improved, and personal consumption remained resilient against a backdrop of firm employment and income conditions. The economy continued to recover moderately.」
The yen's depreciation has become established as a trend, and a foreign-exchange gain of ¥43 million was recorded. The adverse impact previously caused by the yen's appreciation has not re-emerged. - FY2018-Q2MitigatedAnnual report
「In Japan, corporate earnings continued to improve as the yen's depreciation became established as a trend. Personal consumption remained resilient, supported by firm employment and income conditions, and the economy continued to recover moderately.」
The yen's depreciation became established as a trend, and a foreign-exchange gain of ¥60 million was recorded during the six-month period ended this second quarter, reducing the adverse impact of exchange rates from the foreign-exchange loss of ¥554 million recorded in the same period of the previous year. - FY2018-Q1MitigatedAnnual report
「In Japan, the yen's depreciation became established as a trend, and signs emerged of improving earnings, particularly among export-related companies. Personal consumption remained resilient, and the economy continued to recover moderately.」
The yen's depreciation, rather than appreciation, became established as a trend, and a foreign-exchange gain of ¥87 million was recorded in the first quarter. The adverse impact of exchange-rate movements was reduced compared with the foreign-exchange loss of ¥521 million recorded in the same quarter of the previous year. - FY2017-Q3MaterialisedAnnual report
「Shipments of automotive-related input devices in this business were strong, but sales declined overall and profit fell below the previous year, partly because of the yen's appreciation.」
The impact of the yen's appreciation has materialized as declines in sales and profit in the electronic devices business. - FY2017-Q2MaterialisedAnnual report
「Non-operating expenses: Foreign-exchange loss — ¥554 million」
As the yen continued to appreciate, a foreign-exchange loss of ¥554 million was recorded during the six-month period ended this second quarter. - FY2017-Q1MaterialisedAnnual report
「The appreciation of the yen since the beginning of the year caused a pause in the improvement of corporate earnings and increased uncertainty about the economic recovery.」
The yen appreciated in practice, and a foreign-exchange loss of ¥521 million was recorded as a non-operating expense in the quarter. - FY2016First statedAnnual report
「The Group operates in Asia, North America, Europe and other regions. Because items denominated in local currencies, including sales, expenses and assets in each region, are translated into yen when preparing the consolidated financial statements, their carrying values fluctuate with the exchange rates used for translation, potentially affecting the Group's financial position and operating results.」
The document indicates that translating overseas sales, expenses and assets into yen may affect the Group's financial position and operating results.