Impact of Foreign Exchange Rate Fluctuations on Business Results and Financial Position
First written in FY2016. 11 of 23 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
GSI Creos moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 13 of 23 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Shift from foreign-exchange loss to foreign-exchange gainAnnual report
「Foreign exchange gains — 305」
The company recognized a foreign exchange loss of ¥306 million in the previous period and a foreign exchange gain of ¥305 million in the current period. Although the way exchange-rate effects have appeared in results has changed, the risk of sudden fluctuations continues to be disclosed. - FY2025MaterialisedAnnual report
「Ordinary profit was ¥2,548 million, down ¥450 million, or 15.0%, from the previous period, due mainly to the impact of sharp exchange-rate fluctuations.」
Sharp exchange-rate fluctuations emerged in full-year results as a 15.0% decline in ordinary profit, including a foreign exchange loss of ¥306 million. - FY2025-H1MaterialisedAnnual report
「Ordinary profit was ¥1,678 million, down ¥124 million, or 6.9%, from the same period of the previous year, partly due to higher interest rates and the impact of exchange rates.」
The impact of exchange-rate fluctuations, together with higher interest rates, emerged in the interim results as a 6.9% decline in ordinary profit. - FY2024-Q1MitigatedAnnual report
「In addition to a modest recovery in foundation-wear transactions, progress in addressing cost increases caused by surging raw material prices and exchange-rate fluctuations helped lift revenue 21.7% from the previous year to ¥3,371 million. Operating profit was ¥173 million, compared with an operating loss of ¥69 million in the same period of the previous year.」
Cost increases caused by exchange-rate fluctuations had previously contributed to operating losses in the innerwear business, but progress in addressing them and the recovery in transactions led to a return to operating profit. - FY2023MaterialisedAnnual report
「In the innerwear business, against a backdrop of recovering personal consumption, revenue increased 6.2% from the previous period to ¥11,567 million. At the operating profit level, however, the business posted an operating loss of ¥440 million, compared with operating profit of ¥25 million in the previous period, due to higher costs caused by surging raw material prices and the weaker yen, as well as the recognition of allowance for doubtful accounts and other items.」
Higher costs caused by the weaker yen emerged in full-year results as an operating loss in the innerwear business. In the Machinery & Equipment business, higher procurement prices due to the weaker yen also weighed on profit. - FY2023-Q3MaterialisedAnnual report
「Revenue was ¥8,840 million, up 7.8% year on year, but the company was unable to fully absorb surging raw material prices and the impact of the weaker yen, resulting in an operating loss of ¥255 million, compared with operating profit of ¥152 million in the same period of the previous year.」
The impact of the weaker yen continued to materialize in results as an operating loss in the innerwear business, with foreign exchange fluctuation risk emerging as a specific deterioration in performance. - FY2023-Q2MaterialisedAnnual report
「Against a backdrop of recovering personal consumption, revenue was on a recovery trend at ¥5,873 million, up 7.9% year on year. At the operating profit level, however, the company was unable to fully absorb surging raw material prices and the sharp depreciation of the yen, resulting in an operating loss of ¥138 million, compared with operating profit of ¥135 million in the same period of the previous year.」
Foreign exchange fluctuation risk continued to materialize in results as an operating loss in the innerwear business due to the sharp depreciation of the yen. - FY2023-Q1MaterialisedAnnual report
「At the operating profit level, affected by surging raw material prices and the sharp depreciation of the yen, the company posted an operating loss of ¥69 million, compared with operating profit of ¥138 million in the same period of the previous year.」
Foreign exchange fluctuation risk materialized in actual results as an operating loss in the innerwear business due to the sharp depreciation of the yen. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No significant changes were identified regarding the impact of exchange-rate fluctuations on operating performance and financial position. - FY2020RestatedAnnual report
「The company enters into foreign exchange forward contracts to minimize the foreign exchange fluctuation risk associated with foreign-currency-denominated monetary receivables and payables and other items. However, sudden exchange-rate fluctuations could affect the operating performance and financial position of the group.」
The company continues to disclose its use of foreign exchange forward contracts and the potential impact of sudden exchange-rate fluctuations. - FY2020-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No significant changes were identified regarding the impact of exchange-rate fluctuations on operating performance and financial position. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No significant changes were identified regarding the impact of exchange-rate fluctuations on operating performance and financial position. - FY2019-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No significant changes were identified regarding the impact of exchange-rate fluctuations on operating performance and financial position. The current filing does not indicate any new foreign exchange risks or significant changes. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No significant changes were identified regarding the impact of exchange-rate fluctuations on operating performance and financial position. - FY2018MaterialisedAnnual report
「In addition, partly because overseas sales were affected by the stronger yen, revenue was ¥133,727 million, down ¥7,805 million from the previous period.」
After the weaker yen mitigated the impact in the previous quarter, the stronger yen emerged in full-year results as a factor behind the decline in overseas sales. - FY2018-Q3MitigatedAnnual report
「Although overseas sales of highly functional spun yarn and fabrics declined on a foreign-currency basis, they were roughly in line with the previous year due to the weaker yen.」
Although the impact of exchange-rate fluctuations emerged as lower foreign-currency-denominated sales, the weaker yen kept sales roughly in line with the previous year on a yen basis, mitigating the decline in revenue caused by the stronger yen in the previous period. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No significant changes were identified regarding the impact of exchange-rate fluctuations on operating performance and financial position. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No significant changes were identified regarding the impact of exchange-rate fluctuations on operating performance and financial position. - FY2017MaterialisedAnnual report
「Sales of highly functional spun yarn and fabrics declined significantly as the yen strengthened.」
The decline in spun yarn and fabric sales due to the stronger yen was reflected in full-year results. - FY2017-Q3MaterialisedAnnual report
「Sales of highly functional spun yarn and fabrics for innerwear declined significantly as the yen strengthened, while sock sales also declined following a review of low-margin transactions.」
Foreign exchange fluctuation risk continued to materialize in actual results as lower sales of functional spun yarn and fabrics due to the stronger yen. - FY2017-Q2MaterialisedAnnual report
「Sales of highly functional spun yarn and fabrics for innerwear declined significantly as the yen strengthened.」
Foreign exchange fluctuation risk materialized again this quarter in the form of lower sales of functional spun yarn and fabrics due to the stronger yen. - FY2017-Q1MaterialisedAnnual report
「In the outerwear business, profitability deteriorated and transactions declined as the stronger yen adversely affected fabric exports for apparel manufacturers in Europe and North America.」
Foreign exchange fluctuation risk materialized in actual results as deteriorating profitability and declining transactions in overseas fabric exports due to the stronger yen. - FY2016First statedAnnual report
「The company enters into foreign exchange forward contracts to minimize the foreign exchange fluctuation risk associated with foreign-currency-denominated monetary receivables and payables and other items. However, sudden exchange-rate fluctuations could affect the operating performance and financial position of the group.」
While taking measures through foreign exchange forward contracts, the company identifies sudden fluctuations as a risk.