Foreign Exchange Risk in Foreign-Currency Transactions and Overseas Subsidiaries
First written in FY2016. 15 of 31 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2026.
Tsubakimoto Kogyo 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 121 companies on the "Worse" side.
38 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Foreign currency translation adjustment 286 311」
The foreign currency translation adjustment increased from ¥286 million to ¥311 million, and there was no negative impact from translating overseas subsidiaries into yen in other comprehensive income for the current period. - FY2026-H1MaterialisedAnnual report
「Foreign currency translation adjustment 71 △ 50」
The foreign currency translation adjustment decreased from positive ¥71 million in the same period of the previous year to negative ¥50 million in the current interim consolidated accounting period. The negative impact of exchange rate movements associated with translating overseas subsidiaries into yen again appeared in other comprehensive income. - FY2025MitigatedAnnual report
「Foreign currency translation adjustment 197 286」
The foreign currency translation adjustment increased from ¥197 million to ¥286 million, with no negative impact from translating overseas subsidiaries into yen. The hedging policy using foreign currency deposit accounts and forward exchange contracts also remains in place. - FY2025-H1MitigatedAnnual report
「Foreign currency translation adjustment 49 71」
The foreign currency translation adjustment increased from ¥49 million in the same period of the previous year to ¥71 million for the current interim consolidated accounting period, remaining positive. There was no negative impact from foreign currency translation. - FY2024MitigatedAnnual report
「Foreign currency translation adjustment 142 197」
The foreign currency translation adjustment increased from ¥142 million at the end of the previous fiscal year to ¥197 million, with no negative impact from translating overseas subsidiaries into yen. - FY2024-Q3Continued narrowing of the positive foreign currency translation adjustmentAnnual report
「Foreign currency translation adjustment 90 63」
The foreign currency translation adjustment decreased from ¥90 million in the same period of the previous year to ¥63 million. It remained positive, with no negative impact, but the positive balance continued to narrow. - FY2024-Q2Continued narrowing of the positive foreign currency translation adjustmentAnnual report
「Foreign currency translation adjustment 95 49」
The foreign currency translation adjustment decreased from ¥95 million in the same period of the previous year to ¥49 million for the cumulative second quarter. It remained positive, with no negative impact, but the positive balance continued to narrow. - FY2024-Q1Narrowing of the positive foreign currency translation adjustmentAnnual report
「Foreign currency translation adjustment 51 21」
The foreign currency translation adjustment decreased from ¥51 million in the same period of the previous year to ¥21 million for the cumulative first quarter. It remained positive, with no negative impact, although the positive balance narrowed. - FY2023-Q3MitigatedAnnual report
「Foreign currency translation adjustment 12 90」
The foreign currency translation adjustment increased from ¥12 million in the same period of the previous year to ¥90 million for the cumulative third quarter, and there was no negative impact. - FY2023-Q2MitigatedAnnual report
「Foreign currency translation adjustment 23 95」
The foreign currency translation adjustment increased from ¥23 million in the same period of the previous year to ¥95 million for the cumulative second quarter, and, as in the same period of the previous year, there was no negative impact. - FY2023-Q1MitigatedAnnual report
「Foreign currency translation adjustment 27 51」
The foreign currency translation adjustment increased from ¥27 million in the same period of the previous year to ¥51 million in the first quarter, and there was no negative impact compared with the same period of the previous year. - FY2022RestatedAnnual report
「For foreign-currency transactions affected by exchange rate movements, the company generally settles through foreign currency deposit accounts or forward exchange transactions and hedges the risk of exchange rate movements.」
The company continues to disclose the risk of fluctuations in the yen value of foreign subsidiaries' balances and has reconfirmed its hedging policy using foreign currency deposit accounts and forward exchange contracts. - FY2022-Q3MitigatedAnnual report
「Foreign currency translation adjustment − 41 12」
The foreign currency translation adjustment turned positive, from negative ¥41 million in the same period of the previous year to ¥12 million, and the negative impact of currency translation narrowed in numerical terms. - FY2022-Q1MitigatedAnnual report
「Foreign currency translation adjustment − 45 27」
The foreign currency translation adjustment changed from negative ¥45 million in the same period of the previous year to positive ¥27 million in the 1st quarter, and the negative impact of currency translation narrowed in numerical terms. - FY2021-Q3MaterialisedAnnual report
「Foreign currency translation adjustment − 41」
The foreign currency translation adjustment was negative ¥41 million for the 3rd quarter consolidated cumulative period, and the impact of exchange rate movements associated with translating foreign subsidiaries' balances into yen appeared in other comprehensive income. - FY2021-Q2MaterialisedAnnual report
「Foreign currency translation adjustment 0 − 28」
The foreign currency translation adjustment was negative ¥28 million for the 2nd quarter consolidated cumulative period, and the impact of exchange rate movements associated with translating foreign subsidiaries' balances into yen appeared in the financial figures. - FY2021-Q1MaterialisedAnnual report
「This was due mainly to a ¥48 million decrease in the foreign currency translation adjustment.」
The foreign currency translation adjustment changed from ¥41 million at the end of the previous consolidated fiscal year to negative ¥6 million, and the impact of exchange rate movements appeared in the financial figures. - FY2020-Q3MaterialisedAnnual report
「Foreign currency translation adjustment − 4」
The foreign currency translation adjustment was negative ¥4 million for the 3rd quarter cumulative period, indicating in other comprehensive income the impact of exchange rate movements associated with translating foreign subsidiaries' balances into yen. - FY2020-Q2MitigatedAnnual report
「Foreign currency translation adjustment − 23 0」
The foreign currency translation adjustment changed from negative ¥23 million in the same period of the previous year to zero in the current quarter, and the negative impact of currency translation narrowed in numerical terms. - FY2020-Q1MitigatedAnnual report
「Foreign currency translation adjustment 16」
The foreign currency translation adjustment was ¥16 million for the 1st quarter cumulative period, turning positive from negative in the previous fiscal year, and the negative impact of currency translation narrowed in numerical terms. - FY2019MaterialisedAnnual report
「Foreign currency translation adjustment − 22」
The foreign currency translation adjustment changed from positive ¥29 million in the previous fiscal year to negative ¥22 million, and the impact of exchange rate movements associated with translating foreign subsidiaries' balances into yen appeared in full-year other comprehensive income. - FY2019-Q3MitigatedAnnual report
「Foreign currency translation adjustment − 5」
The foreign currency translation adjustment was negative ¥5 million for the 3rd quarter cumulative period, narrowing from negative ¥23 million in the previous quarter cumulative period. - FY2019-Q2MaterialisedAnnual report
「Foreign currency translation adjustment − 23」
The foreign currency translation adjustment was negative ¥23 million for the 2nd quarter cumulative period, and the impact of exchange rate movements actually appeared in other comprehensive income. - FY2019-Q1MaterialisedAnnual report
「Foreign currency translation adjustment − 10」
The foreign currency translation adjustment was negative ¥10 million in other comprehensive income for the 1st quarter cumulative period, indicating that the impact of exchange rate movements actually appeared. - FY2018MitigatedAnnual report
「Foreign currency translation adjustment 29」
The foreign currency translation adjustment turned positive, from negative ¥43 million in the previous fiscal year to ¥29 million in the current fiscal year, and the negative impact of currency translation narrowed in numerical terms. - FY2018-Q3MitigatedAnnual report
「Foreign currency translation adjustment 17」
The foreign currency translation adjustment was ¥17 million for the 3rd quarter cumulative period, turning positive from negative ¥101 million in the same period of the previous year. The negative impact of currency translation has narrowed in numerical terms. - FY2018-Q2MitigatedAnnual report
「Foreign currency translation adjustment 1」
The foreign currency translation adjustment in other comprehensive income changed from negative ¥96 million in the same period of the previous year to ¥1 million, indicating that the negative impact of currency translation had narrowed in numerical terms during the current quarter. - FY2017MaterialisedAnnual report
「Foreign currency translation adjustment − 43」
The impact of exchange rate movements associated with translating foreign subsidiaries' balances into yen actually appeared as a negative ¥43 million in other comprehensive income for the current fiscal year. - FY2017-Q3MaterialisedAnnual report
「Foreign currency translation adjustment − 101」
The foreign currency translation adjustment was negative ¥101 million in other comprehensive income for the 3rd quarter cumulative period, indicating that the impact of exchange rate movements continued to appear in the financial figures. - FY2017-Q2MaterialisedAnnual report
「In addition, economic growth in emerging Asian countries, including China, has stalled overseas as well, and the outlook for the global economy remains uncertain.」
In addition to the yen's appreciation, the foreign currency translation adjustment decreased by ¥96 million year on year, and the impact of exchange rate movements has appeared in actual comprehensive income. - FY2016First statedAnnual report
「However, items denominated in local currencies, including the sales, expenses and assets of foreign consolidated subsidiaries, are translated into yen when preparing the consolidated financial statements. If exchange rates fluctuate significantly at the time of translation, the value after translation into yen may also fluctuate significantly, potentially affecting the group's operating results and financial position.」
While indicating a policy of hedging through forward exchange contracts and other measures, it describes the risk that the yen value of foreign subsidiaries' balances will fluctuate with exchange rates.