US dollar and euro foreign-exchange risk in the sporting-gun business
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2024Tariff and recession risks addedAnnual report
「If major changes in the political situation lead to substantially tighter gun regulations in the United States or sales regions, or if the market for our products contracts because of higher tariffs on our products or an economic recession, expenses for responding to new regulations could increase and order volumes from the group could decline.」
In addition to the existing overseas political and economic, foreign exchange and geopolitical risks, the company identifies higher tariffs on firearms and market contraction caused by an economic recession as specific new risks. - FY2023Geopolitical risk addedAnnual report
「In addition, if geopolitical risks increase, as in the case of Russia's invasion of Ukraine, and events occur that affect business partners or logistics, the group's operating results and financial position could be affected.」
Geopolitical risks, including the invasion of Ukraine, and their impact on business partners and logistics have been added to the overseas political and economic risks in the hunting firearms business. - FY2021RestatedAnnual report
「However, if changes in economic conditions cause a sharp appreciation of the yen through exchange rate movements, or if the yen remains on an appreciation trend for an extended period, price negotiations with the group will become necessary, which could affect the group's operating results and financial position.」
The company has reiterated the risk that a sharp or prolonged appreciation of the yen could affect business performance and other matters through price negotiations with the Browning Group. - FY2020ReframedAnnual report
「If changes in economic conditions cause a sharp appreciation of the yen through exchange rate movements, or if the yen remains on an appreciation trend for an extended period, price negotiations with the group will become necessary, which could affect the group's operating results and financial position.」
The company characterizes foreign exchange risk in the hunting firearms business as an impact arising through price negotiations with the Browning Group due to a sharp or prolonged appreciation of the yen, rather than as direct foreign exchange losses. - FY2018RestatedAnnual report
「The hunting firearms business is conducted primarily in overseas markets and transactions are denominated in yen. However, sharp fluctuations in the U.S. dollar or euro exchange rates could affect order volumes and, consequently, business performance.」
The company has reiterated the risk of U.S. dollar and euro exchange rate fluctuations in the hunting firearms business. - FY2016First statedAnnual report
「The hunting firearms business is conducted primarily in overseas markets and transactions are denominated in yen. However, sharp fluctuations in the U.S. dollar or euro exchange rates could affect order volumes and, consequently, business performance.」
Sharp movements in the U.S. dollar or euro could affect order volumes and performance in the hunting firearms business.