Increase in China sourcing costs due to yen depreciation
First written in FY2016. 10 of 14 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2025.
Kimuratan moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 43 of 67 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Higher costs resulting from exchange-rate fluctuations could reduce profit margins.」
The company continues to disclose the risk of higher costs resulting from exchange-rate fluctuations associated with procurement in China. - FY2024Lower Foreign Exchange LossesAnnual report
「Foreign exchange loss 2,660」
The foreign exchange loss declined from ¥28 million in the previous fiscal year to ¥2.66 million in the current fiscal year, but the risk of higher procurement costs due to yen depreciation continues to be disclosed. - FY2023MaterialisedAnnual report
「The ordinary loss was ¥1.037 billion, due in part to a ¥28 million foreign exchange loss resulting from the rapid depreciation of the yen and ¥149 million in borrowing fees, including arrangement fees, related to the syndicated loan agreement announced in the notice dated 22 September 2022 concerning the execution of the syndicated loan agreement.」
A ¥28 million foreign exchange loss resulting from the rapid depreciation of the yen was reflected in the ordinary loss for the fiscal year. - FY2023-Q3MaterialisedAnnual report
「The ordinary loss included a ¥22 million foreign exchange loss resulting from the rapid depreciation of the yen, among other factors.」
Foreign exchange risk from yen depreciation continued to appear in earnings as a ¥22 million foreign exchange loss for the cumulative third quarter. - FY2023-Q2MaterialisedAnnual report
「The ordinary loss included a ¥37 million foreign exchange loss resulting from the rapid depreciation of the yen, among other factors.」
Foreign exchange risk appeared in earnings as a ¥37 million foreign exchange loss resulting from yen depreciation, with the loss increasing from the previous quarterly report. - FY2023-Q1MaterialisedAnnual report
「The ordinary loss was ¥311 million, due in part to a foreign exchange loss of ¥26 million resulting from the rapid depreciation of the yen.」
Foreign exchange risk appeared in earnings as a ¥26 million foreign exchange loss resulting from the rapid depreciation of the yen. - FY2022MaterialisedAnnual report
「In the apparel business, the company worked to improve its gross profit margin by reducing manufacturing costs and controlling markdown rates. However, higher costs due to yen depreciation and increased markdown sales resulting from weak sales prevented an improvement. The gross profit margin deteriorated by 4.0 percentage points year on year in the apparel business and by 3.7 percentage points overall.」
Higher costs due to yen depreciation contributed to the actual deterioration in the gross profit margin, which declined by 4.0 percentage points year on year in the apparel business. - FY2021MaterialisedAnnual report
「Foreign exchange loss 3,445」
A foreign exchange loss of ¥3.445 million was recognized for the current fiscal year, showing the impact of exchange-rate risk in reported earnings. - FY2018RestatedAnnual report
「In addition, transactions with Chinese manufacturers are conducted mainly in US dollars. If the yen depreciates further against foreign currencies, this could increase product procurement costs.」
The company continues to disclose the risk of higher procurement costs resulting from yen depreciation on US dollar-denominated transactions with Chinese manufacturers. - FY2017MaterialisedAnnual report
「Non-operating expenses included ¥30 million in share issuance costs related to the issuance of new shares in the previous fiscal year. In the current fiscal year, no share issuance costs were recognized, but the company was significantly affected by exchange-rate movements and recorded a foreign exchange loss of ¥18 million.」
A foreign exchange loss of ¥18.276 million was recognized as a result of exchange-rate movements, showing the impact of foreign exchange risk in reported earnings. - FY2017-Q3MaterialisedAnnual report
「Foreign exchange loss 18,922」
A foreign exchange loss of ¥18.922 million was recognized for the cumulative third quarter. The filing does not specify a direct causal relationship with higher Chinese procurement costs. - FY2017-Q2MaterialisedAnnual report
「Foreign exchange loss 17,227」
A foreign exchange loss of ¥17.227 million was recognized in the income statement for the cumulative second quarter. The filing does not specify whether it resulted from higher Chinese procurement costs. - FY2017-Q1MaterialisedAnnual report
「Foreign exchange loss 15,880」
A foreign exchange loss was recognized in the income statement for the quarter. The filing does not specify whether it resulted from higher Chinese procurement costs. - FY2016First statedAnnual report
「Transactions with Chinese manufacturers are conducted mainly in US dollars. If the yen depreciates further against foreign currencies, this could increase product procurement costs.」
The company explicitly identifies yen depreciation risk associated with US dollar-denominated transactions with Chinese manufacturers.