Foreign Exchange Risk
First written in FY2016. 4 of 8 entries say "Worsened", first in FY2018. Latest entry: FY2025-H1.
Yuasa moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 17 of 34 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「The outlook remained uncertain due to rising geopolitical risks, soaring raw material prices and an unstable foreign exchange market.」
The instability of the foreign exchange market continued to be an uncertainty factor in the business environment, together with geopolitical risks and soaring raw material prices. - FY2024-Q3RestatedAnnual report
「During the first three quarters of the fiscal year under review (1 April 2023 to 31 December 2023), Japan's economy showed a gradual recovery as economic activity moved toward normalization. However, the outlook remained uncertain due to increasing geopolitical risks, including the prolonged situation in Ukraine, soaring raw material and energy prices, and the depreciation of the yen.」
The depreciation of the yen continued to be a factor contributing to an uncertain outlook, together with increasing geopolitical risks and soaring raw material and energy prices. - FY2024-Q2RestatedAnnual report
「During the first two quarters of the fiscal year under review (1 April 2023 to 30 September 2023), Japan's economy showed a gradual recovery as economic activity moved toward normalization. However, the outlook remained uncertain due to the prolonged situation in Ukraine, soaring raw material and energy prices, and the depreciation of the yen.」
The situation in Ukraine, soaring raw material and energy prices, and the depreciation of the yen continued to be factors contributing to an uncertain outlook. - FY2023-Q3WorsenedAnnual report
「During the first three quarters of the fiscal year under review (1 April 2022 to 31 December 2022), Japan's economy showed signs of recovery as economic activity normalized and the economy began to recover. However, uncertainty continued due to the lack of visibility regarding the end of the COVID-19 pandemic, the prolonged situation in Ukraine, soaring raw material and crude oil prices, and the yen's record depreciation.」
The description of foreign exchange movements was updated from rapid depreciation of the yen to record depreciation, which was cited as an uncertainty factor together with soaring raw material and crude oil prices. - FY2023-Q2WorsenedAnnual report
「In addition to the lack of visibility regarding the end of the COVID-19 pandemic, the outlook remained uncertain due to soaring raw material and crude oil prices resulting from the prolonged situation in Ukraine and the rapid depreciation of the yen.」
The rapid depreciation of the yen continued to be an uncertainty factor, together with soaring raw material and crude oil prices. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the fiscal year under review (1 April 2022 to 30 June 2022), Japan's economy showed signs of moving toward the normalization of economic activity. However, uncertainty continued due to soaring crude oil prices resulting from the prolonged situation in Ukraine, the rapid depreciation of the yen and the lack of visibility regarding the end of the COVID-19 pandemic.」
With respect to foreign exchange fluctuation risk, the rapid depreciation of the yen was specifically described as an actual factor contributing to uncertainty in the economic environment. - FY2018WorsenedAnnual report
「The Group also has overseas subsidiaries, and fluctuations in the foreign exchange rates used to translate their financial statements for consolidation could affect its operating results and financial position.」
In addition to foreign-currency-denominated transactions, the document specifies the impact of fluctuations in translation rates associated with the consolidation of overseas subsidiaries. - FY2016First statedAnnual report
「In its foreign-currency import and export transactions, the Group works to mitigate the risk of exchange rate fluctuations using forward exchange contracts, but changes in exchange rates could affect its operating results.」
The document describes foreign exchange risk associated with foreign-currency-denominated imports and exports and overseas subsidiaries, and also presents forward exchange contracts as a mitigation measure.