Foreign Exchange Fluctuation Risk
First written in FY2016. 7 of 31 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Toyota Tsusho moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2019: 69 of 120 companies on the "Worse" side.
33 other companies' latest entry also says "Other".
- FY2026Annual update to foreign exchange sensitivity and translation adjustmentsAnnual report
「If the yen appreciates by 10% against the US dollar and euro, the impact on profit for the year attributable to owners of the parent is, for the previous consolidated fiscal year and the current consolidated fiscal year, negative ¥8,007 million and negative ¥7,829 million, respectively, for the US dollar, and negative ¥8,524 million and negative ¥9,817 million, respectively, for the euro.」
The impact on profit for the year assuming a 10% appreciation of the yen was updated. The foreign currency translation adjustment was ¥153,732 million. - FY2026-H1Interim-period update of foreign currency translation adjustmentsAnnual report
「Foreign currency translation adjustments 31,484」
The foreign currency translation adjustment for the interim consolidated fiscal period was updated to ¥31,484 million. It turned positive from negative ¥29,000 million for the same interim consolidated fiscal period of the previous year. - FY2025Annual update to foreign exchange sensitivity and translation adjustmentsAnnual report
「If the yen appreciates by 10% against the US dollar and euro, the impact on profit for the year attributable to owners of the parent is, for the previous consolidated fiscal year and the current consolidated fiscal year, negative ¥7,902 million and negative ¥8,007 million, respectively, for the US dollar, and negative ¥7,056 million and negative ¥8,524 million, respectively, for the euro.」
The impact on profit for the year assuming a 10% appreciation of the yen was updated. The foreign currency translation adjustment was negative ¥2,260 million. - FY2025-H1Interim-period update of foreign currency translation adjustmentsAnnual report
「Foreign currency translation adjustments △29,000」
The foreign currency translation adjustment was negative ¥29,000 million for the interim consolidated fiscal period, updated from positive ¥102,300 million for the same interim consolidated fiscal period of the previous year. - FY2024Annual update to foreign exchange sensitivity and translation adjustmentsAnnual report
「If the yen appreciates by 10% against the US dollar and euro, the impact on profit for the year attributable to owners of the parent is, for the previous consolidated fiscal year and the current consolidated fiscal year, negative ¥7,368 million and negative ¥7,902 million, respectively, for the US dollar, and negative ¥5,445 million and negative ¥7,056 million, respectively, for the euro.」
The impact on profit for the year attributable to owners of the parent assuming a 10% appreciation of the yen was updated. The foreign currency translation adjustment was ¥121,230 million. - FY2024-Q3Third-quarter update of foreign currency translation adjustmentsAnnual report
「Foreign currency translation adjustments 64,864」
The foreign currency translation adjustment for the nine months ended the third quarter was updated to ¥64,864 million. - FY2024-Q2Foreign currency translation adjustment updatedAnnual report
「Foreign currency translation adjustments 102,362」
The foreign currency translation adjustment for the six months ended the second quarter was updated to ¥102,362 million. - FY2023Foreign exchange sensitivity updatedAnnual report
「If the yen appreciates by 10% against the US dollar and euro, the impact on profit for the year attributable to owners of the parent is, for the previous consolidated fiscal year and the current consolidated fiscal year, negative ¥3,070 million and negative ¥7,368 million, respectively, for the US dollar, and negative ¥3,532 million and negative ¥5,445 million, respectively, for the euro. Similarly, the impact on foreign currency translation adjustments is, for the previous consolidated fiscal year and the current consolidated fiscal year, negative ¥22,109 million and negative ¥29,546 million, respectively, for the US dollar, and negative ¥20,921 million and negative ¥25,232 million, respectively, for the euro.」
The impact on profit for the year and foreign currency translation adjustments assuming a 10% appreciation of the yen was updated. - FY2023-Q3Foreign currency translation adjustment updatedAnnual report
「Foreign currency translation adjustments 50,886」
The foreign currency translation adjustment for the nine-month period ended the third quarter was updated to ¥50,886 million. - FY2023-Q2Foreign currency translation adjustment updatedAnnual report
「Foreign currency translation adjustments 114,777」
The foreign currency translation adjustment for the six months ended the second quarter was updated to ¥114,777 million. - FY2023-Q1WorsenedAnnual report
「In addition, uncertainty about the outlook increased due to the prolonged war in Ukraine, soaring resource prices and the rapid depreciation of the yen.」
Soaring resource prices and the rapid depreciation of the yen were explicitly identified as factors worsening the foreign exchange environment related to overseas transactions and translation. - FY2022Annual translation adjustment and sensitivity updatedAnnual report
「If the yen appreciates by 5% against the US dollar and euro, the impact on profit for the year attributable to owners of the parent is, for the previous consolidated fiscal year and the current consolidated fiscal year, negative ¥1,004 million and negative ¥1,535 million, respectively, for the US dollar, and negative ¥1,212 million and negative ¥1,766 million, respectively, for the euro.」
The impact on profit for the year attributable to owners of the parent assuming a 5% appreciation of the yen was updated separately for the US dollar and euro. The foreign currency translation adjustment was ¥88,426 million. - FY2022-Q3Foreign currency translation adjustment updatedAnnual report
「Foreign currency translation adjustments 29,339」
The foreign currency translation adjustment for the nine-month period ended the third quarter was updated to ¥29,339 million. - FY2022-Q2Foreign currency translation adjustment updatedAnnual report
「Foreign currency translation adjustments 14,214」
A foreign currency translation adjustment of ¥14,214 million was recognized in other comprehensive income for the six months ended the second quarter. - FY2021Annual foreign currency translation adjustment updatedAnnual report
「Foreign currency translation adjustments 34,966」
The foreign currency translation adjustment for the fiscal year ended March 2021 was ¥34,966 million, turning positive from a negative ¥52,805 million in the previous fiscal year. - FY2021-Q3Foreign currency translation adjustment updatedAnnual report
「Foreign currency translation adjustments △ 5,114」
A negative foreign currency translation adjustment of ¥5,114 million was recognized in other comprehensive income for the nine months ended the third quarter. - FY2021-Q2Foreign currency translation adjustment updatedAnnual report
「Foreign currency translation adjustments △ 9,736」
Other comprehensive income for the six months ended the second quarter included a negative foreign currency translation adjustment of ¥9,736 million. - FY2021-Q1Foreign currency translation adjustment updatedAnnual report
「Foreign currency translation adjustments △ 6,850」
Other comprehensive income for the first quarter included a negative foreign currency translation adjustment of ¥6,850 million. - FY2020MaterialisedAnnual report
「Foreign currency translation adjustments △ 52,805」
Other comprehensive income for the fiscal year ended March 2020 included a negative foreign currency translation adjustment of ¥52,805 million, with the foreign exchange impact of translating overseas subsidiaries reflected in actual results. - FY2020-Q3MaterialisedAnnual report
「Revenue for the nine months ended the third quarter of the current fiscal year was ¥5,060.1 billion, ¥45.9 billion, or 0.9%, below revenue for the same period of the previous fiscal year, mainly due to the foreign exchange impact of a stronger yen.」
The foreign exchange impact of a stronger yen was reflected in actual results as a factor behind the ¥45.9 billion, or 0.9%, year-on-year decrease in revenue. - FY2020-Q2Foreign currency translation adjustment updatedAnnual report
「Foreign currency translation adjustments △ 39,693」
Other comprehensive income for the six months ended the second quarter included a negative foreign currency translation adjustment of ¥39,693 million, updating the foreign exchange impact of translating overseas subsidiaries' financial statements. - FY2020-Q1MaterialisedAnnual report
「Foreign currency translation adjustments △ 23,308」
Other comprehensive income for the first quarter included a negative foreign currency translation adjustment of ¥23,308 million, with the foreign exchange impact of translating overseas subsidiaries' financial statements reflected in actual results. - FY2019Disclosure of foreign subsidiary translation riskAnnual report
「In addition, our Group has many companies overseas, and when their financial statements are translated into yen, fluctuations in foreign exchange rates may affect the operating results and financial position of our Group.」
In addition to foreign exchange risk related to transactions and investments, the impact of translating the financial statements of overseas group companies was explicitly disclosed. - FY2018Continued revenue growth from the weaker yenAnnual report
「Revenue for the Toyota Tsusho Group in the current consolidated fiscal year was ¥6,491.0 billion, up ¥693.7 billion, or 12.0%, from the previous consolidated fiscal year, due mainly to foreign exchange effects from the weaker yen and an increase in business related to automobile production.」
The actual impact of foreign exchange fluctuations continued throughout the fiscal year to shift from revenue declines caused by the stronger yen to revenue growth driven by the weaker yen. - FY2018-Q3Continued revenue growth from the weaker yenAnnual report
「Against this backdrop, revenue for the Toyota Tsusho Group during the cumulative nine-month period of the current fiscal year was ¥4,856.5 billion, up ¥603.6 billion, or 14.2%, from the same cumulative quarterly period of the previous year, due mainly to foreign exchange effects from the weaker yen and an increase in business related to automobile production.」
The actual impact of foreign exchange fluctuations continued from the previous quarter to emerge as a factor driving revenue growth through the weaker yen. - FY2018-Q2Revenue growth from the weaker yenAnnual report
「Against this backdrop, revenue for the Toyota Tsusho Group during the cumulative first-half period of the current fiscal year was ¥3,131.6 billion, up ¥386.9 billion, or 14.1%, from the same cumulative quarterly period of the previous year, due mainly to foreign exchange effects from the weaker yen and an increase in business related to automobile production.」
The actual impact of foreign exchange fluctuations shifted from the revenue decline caused by the stronger yen to revenue growth driven by the weaker yen during the current quarter. - FY2017MaterialisedAnnual report
「Revenue for the Toyota Tsusho Group in the current consolidated fiscal year was ¥5,797.3 billion, down ¥448.8 billion, or 7.2%, from the previous consolidated fiscal year, due mainly to foreign exchange effects from the stronger yen and other factors.」
The foreign exchange effect of the stronger yen emerged in actual results as a factor reducing revenue by ¥448.8 billion year on year. - FY2017-Q3MaterialisedAnnual report
「Against this backdrop, revenue for the Toyota Tsusho Group during the cumulative nine-month period of the current fiscal year was ¥5,810.3 billion, down ¥450.5 billion, or 7.2%, from the same cumulative quarterly period of the previous year, due mainly to foreign exchange effects from the stronger yen and other factors.」
The foreign exchange effect of the stronger yen continued to emerge in actual results as a factor reducing revenue by ¥450.5 billion, or 7.2%, year on year. - FY2017-Q2MaterialisedAnnual report
「Against this backdrop, revenue for the Toyota Tsusho Group during the cumulative first-half period of the current fiscal year was ¥3,669.3 billion, down ¥614.7 billion, or 14.3%, from the same cumulative quarterly period of the previous year, due mainly to foreign exchange effects from the stronger yen and other factors.」
The foreign exchange effect of the stronger yen actually emerged as a factor reducing revenue by ¥614.7 billion, or 14.3%, year on year. - FY2017-Q1MaterialisedAnnual report
「Against this backdrop, revenue for the Toyota Tsusho Group during the cumulative first-quarter period of the current fiscal year was ¥1,862.8 billion, down ¥275.6 billion, or 12.9%, from the same cumulative quarterly period of the previous year, due mainly to foreign exchange effects from the stronger yen and other factors.」
The foreign exchange effect of the stronger yen actually emerged as a factor reducing revenue by ¥275.6 billion, or 12.9%, year on year. - FY2016First statedAnnual report
「Transactions denominated in U.S. dollars and other foreign currencies among the sales of goods and investment activities conducted by our group may be affected by fluctuations in foreign exchange rates.」
The company seeks to reduce the risk to a certain extent through forward foreign exchange contracts and other measures, but states that it cannot be avoided completely.