Exposure to yen appreciation from foreign-currency deposits and foreign exchange forwards
First written in FY2017-Q1. 11 of 22 entries say "Restated". Latest entry: FY2027-H1.
1 other company's latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「At the same time, improvements in the valuation gains on foreign exchange contracts and foreign exchange gains from the execution of foreign exchange contracts narrowed the loss compared with the same period of the previous year. Operating loss was ¥311 million, compared with an operating loss of ¥326 million in the same period of the previous year, and ordinary loss was ¥166 million, compared with an ordinary loss of ¥295 million.」
The filing describes improvements in valuation gains on foreign exchange contracts and foreign exchange gains from their execution, reducing the impact of exchange rate movements on earnings compared with the same period of the previous year. - 2026-06-12MitigatedOccurring Fact
「Due to fluctuations in foreign exchange rates, we recorded foreign exchange gains of ¥78 million as non-operating income in the cumulative first quarter of the fiscal year ending January 2027. These gains were mainly attributable to valuation gains on derivatives related to foreign exchange forwards and foreign exchange gains from the execution of foreign exchange forwards.」
The company shifted from the valuation losses on foreign exchange forwards identified in the previous period to valuation gains on derivatives related to foreign exchange forwards and foreign exchange gains from their execution, indicating an improving earnings impact from currency movements. - FY2026WorsenedAnnual report
「Foreign exchange contracts Long US dollars 806 — △4 △4」
The contract amount of foreign exchange contracts increased from ¥757 million in the previous period to ¥806 million, while fair value and the valuation impact changed from a ¥38 million valuation gain to a ¥4 million valuation loss. - FY2024MitigatedAnnual report
「Foreign exchange contracts Long US dollars 707 — 19 19」
The contract amount of foreign exchange contracts was ¥707 million, while fair value and the valuation impact were ¥19 million. The valuation loss of ¥44 million in the previous period changed to a valuation gain, improving the earnings impact of exchange rate movements. - FY2023Decrease in foreign exchange contract balance and recognition of valuation lossAnnual report
「Foreign exchange contracts Long US dollars 693 — △44 △44」
The contract amount of foreign exchange contracts decreased from ¥1,475 million in the previous period to ¥693 million, while fair value and the valuation impact were negative ¥44 million. - FY2022WorsenedAnnual report
「Foreign exchange contracts Long US dollars ¥1,475 million Fair value ¥21 million Valuation gain ¥21 million」
The contract amount of foreign exchange contracts increased from ¥462 million in the previous period to ¥1,475 million, expanding the scale of foreign exchange exposure. The valuation impact was a ¥21 million gain. - FY2021RestatedAnnual report
「As a general rule, derivative transactions are limited to transactions arising from actual demand, and we do not engage in speculative transactions.」
The company continues its policy of limiting foreign exchange contracts to transactions backed by actual demand and not engaging in speculative transactions. The contract amount and other details of the foreign exchange contracts were ¥462 million, and their fair value was ¥2 million. - FY2020RestatedAnnual report
「Non-operating income was ¥79 million, compared with ¥88 million in the previous year. Dividend income decreased by ¥11 million due to the sale of investment securities, and foreign exchange gains also decreased by ¥10 million, but ¥10 million in insurance proceeds was recorded.」
Foreign exchange gains continued to be recorded but declined from the previous year, indicating that the impact of exchange rate movements continues to be reflected in earnings. - FY2020-Q3RestatedAnnual report
「(2) There were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there were no material changes from the previous fiscal year to the yen appreciation exposure associated with foreign currency deposits and foreign exchange contracts. - FY2020-Q2RestatedAnnual report
「(2) There were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there were no material changes from the previous fiscal year to the yen appreciation exposure associated with foreign currency deposits and foreign exchange contracts. - FY2020-Q1RestatedAnnual report
「(2) There were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there were no material changes from the previous fiscal year to the yen appreciation exposure associated with foreign currency deposits and foreign exchange contracts. - FY2019RestatedAnnual report
「A foreign exchange gain of ¥21 million was recorded for the period, compared with a ¥17 million gain in the previous year.」
The foreign exchange gain increased from ¥17 million in the previous year to ¥21 million. The impact of exchange rate movements remains, but was recorded as a gain in the current period. - FY2019-Q3RestatedAnnual report
「(2) There were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there were no material changes to the yen appreciation exposure associated with foreign currency deposits and foreign exchange contracts. - FY2019-Q2RestatedAnnual report
「(2) There were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there were no material changes to the risks related to foreign currency deposits and foreign exchange contracts described in the previous fiscal year. - FY2018MitigatedAnnual report
「A foreign exchange gain of ¥17 million was recorded for the period, compared with a foreign exchange loss of ¥131 million in the previous year.」
The foreign exchange loss in the previous year became a ¥17 million foreign exchange gain in the current period, indicating an improvement in the full-year earnings impact of exchange rate movements. - FY2018-Q3RestatedAnnual report
「As a result, revenue for the nine months ended the third quarter was ¥11,597 million, down 0.3% year on year, while operating profit was ¥252 million, down 44.0% year on year, partly due to the impact of differences in costs resulting from foreign-exchange movements, although」
It continues to state that foreign exchange-related cost variances affected operating profit, indicating that the impact of exchange rate movements remains. - FY2018-Q2RestatedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥7,802 million, down 0.2% year on year. Operating profit was ¥124 million, down 48.8% year on year, due in part to the impact of differences in costs resulting from foreign-exchange movements. However, ordinary profit increased 149.8% year on year to ¥188 million, and quarterly net profit attributable to owners of the parent increased 191.7% year on year to ¥136 million.」
The company stated that differences in costs resulting from foreign-exchange movements affected operating profit, with the impact of foreign-exchange fluctuations continuing. - FY2018-Q1MitigatedAnnual report
「A foreign-exchange gain of ¥10 million arose from the fair-value valuation of foreign-exchange contracts and other items, compared with a foreign-exchange loss of ¥128 million in the same period of the previous year,」
Compared with the foreign-exchange loss of ¥128 million recorded in the same period of the previous year, the company recorded a foreign-exchange gain of ¥10 million in the current quarter, reducing the impact of valuation losses on foreign-currency deposits and foreign-exchange contracts resulting from yen appreciation. - FY2017MaterialisedAnnual report
「Ordinary profit was ¥377 million, an increase of ¥223 million year on year, as foreign-exchange losses increased non-operating expenses.」
A foreign-exchange loss of ¥131 million arose, increasing non-operating expenses. The company stated that the impact of foreign-exchange fluctuation risk materialised during the full fiscal year. - FY2017-Q3RestatedAnnual report
「Ordinary profit was ¥261 million, an increase of ¥241 million year on year, as the foreign-exchange loss recorded at the end of the second quarter increased non-operating expenses. Quarterly net profit attributable to owners of the parent was ¥198 million, an increase of ¥232 million year on year.」
The company stated that the foreign-exchange loss recorded at the end of the second quarter increased non-operating expenses for the nine months ended the third quarter. - FY2017-Q2WorsenedAnnual report
「Ordinary profit was ¥75 million, an increase of ¥52 million year on year, as valuation losses and other losses on foreign-currency deposits and foreign-exchange contracts resulting from a sharp appreciation of the yen increased non-operating expenses. Quarterly net profit attributable to owners of the parent was ¥46 million, an increase of ¥40 million year on year.」
Valuation losses and other losses on foreign-currency deposits and foreign-exchange contracts continued to arise due to the sharp appreciation of the yen, with the cumulative foreign-exchange loss reaching ¥197 million. The impact of the risk was quantified more substantially. - FY2017-Q1First statedAnnual report
「As a sharp appreciation of the yen at the end of the first quarter resulted in valuation losses and other losses on foreign-currency deposits and foreign-exchange contracts, increasing non-operating expenses, ordinary profit was ¥66 million, an increase of ¥78 million year on year, and quarterly net profit attributable to owners of the parent was ¥35 million, an increase of ¥61 million year on year.」
A sharp appreciation of the yen resulted in valuation losses and other losses on foreign-currency deposits and foreign-exchange contracts. The quarterly consolidated income statement reported a foreign-exchange loss of ¥128 million.