Impact of Foreign Exchange Fluctuations on Business Performance
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 20 of 37 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Our Group may be exposed to foreign exchange risk in its trading transactions, but avoids the risk arising from exchange-rate fluctuations by entering into foreign exchange forward contracts and other arrangements.」
The disclosure reiterates hedging through foreign exchange forward contracts and other arrangements, and the fact that sharp exchange-rate fluctuations cannot be completely eliminated. - FY2020RestatedAnnual report
「Our Group may be exposed to foreign exchange risk in its trading transactions, but avoids the risk arising from exchange-rate fluctuations by entering into foreign exchange forward contracts and other arrangements. However, if exchange rates fluctuate sharply, it may be difficult to completely eliminate this risk, which could affect the Group's business performance.」
The disclosure reiterates hedging through foreign exchange forward contracts and other arrangements, and the fact that sharp fluctuations cannot be completely eliminated. - FY2018RestatedAnnual report
「Our Group may be exposed to foreign exchange risk in its trading transactions, but avoids the risk arising from exchange-rate fluctuations by entering into foreign exchange forward contracts. However, if exchange rates fluctuate sharply, it may be difficult to completely eliminate this risk, which could affect the Group's business performance.」
The disclosure reiterates the hedging policy using foreign exchange forward contracts and the risk that sharp fluctuations cannot be completely eliminated. - FY2017RestatedAnnual report
「LP gas import prices remained low partly due to the appreciation of the yen, causing selling prices to decline and contributing to lower revenue.」
The disclosure states that yen appreciation affected LP gas import prices and selling prices. The hedging policy using foreign exchange forward contracts also continues. - FY2017-Q3Changed from yen appreciation to yen depreciationAnnual report
「During the cumulative third quarter period, the Japanese economy remained on a gradual recovery track, with signs of a recovery in personal consumption due to improvements in employment and real wages, and a recovery in corporate earnings and capital investment, particularly among exporters, against the backdrop of yen depreciation.」
The economic environment changed from the yen-appreciation environment described in the previous quarter to one underpinned by yen depreciation in the current quarter. - FY2017-Q2MaterialisedAnnual report
「The Japanese economy showed a gradual recovery and personal consumption remained firm, but the appreciation of the yen and slower global economic growth weighed on corporate earnings, particularly in manufacturing, and companies also remained cautious about capital investment.」
The appreciation of the yen is actually emerging in the economic environment as a factor weighing on corporate earnings. - FY2016First statedAnnual report
「Our Group may be exposed to foreign exchange risk in its trading transactions, but avoids the risk arising from exchange-rate fluctuations by entering into foreign exchange forward contracts.」
The Group hedges through foreign exchange forward contracts, but states that it is difficult to completely eliminate the effects of sharp fluctuations.