Foreign exchange fluctuation risk relating to imported raw materials and merchandise
First written in FY2016. 2 of 5 entries say "Worsened", first in FY2018. Latest entry: FY2025-H1.
Starzen moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 41 of 65 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「The procurement environment was difficult in the meat industry, due to volatile exchange rates and persistently high feed prices, as well as the impact of a sharp rise in domestic pork prices following last year's extreme heat and outbreaks of classical swine fever in various regions.」
The exchange rate affecting imported meat prices is described as experiencing wild fluctuations, specifying foreign exchange volatility as a factor making procurement conditions more difficult. - FY2021RaisedAnnual report
「The Group conducts import and export transactions involving some of its raw materials and products in foreign currencies, and the financial statements of its overseas affiliates are prepared in foreign currencies. Accordingly, the Group is exposed to the risk associated with fluctuations in foreign exchange rates.」
In addition to import and export transactions, the translation of the financial statements of overseas affiliates into yen is now explicitly identified as subject to foreign exchange risk, broadening the scope of the exposure. - FY2019RestatedAnnual report
「The Group conducts import and export transactions involving some of its raw materials and products, and fluctuations in foreign exchange rates may affect its operating results.」
The company reiterates the risk of foreign exchange fluctuations associated with import and export transactions and continues its policy of hedging import and export transactions and borrowings with forward exchange contracts. - FY2018WorsenedAnnual report
「The Group conducts import and export transactions involving some of its raw materials and products, and fluctuations in foreign exchange rates may affect its operating results.」
The stated scope of foreign exchange risk has expanded from imports to import and export transactions. - FY2016First statedAnnual report
「The Group imports some of its raw materials and products from overseas, and fluctuations in foreign exchange rates may affect its operating results.」
The company explicitly identifies foreign exchange fluctuations associated with overseas imports as a business risk. It also states that it intends to hedge foreign exchange risk on import transactions and borrowings using forward exchange contracts.