Yen depreciation and rising overseas production costs
First written in FY2016. 14 of 27 entries say "Mitigated", first in FY2017-Q1. Latest entry: 2026-11-13.
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- FY2027-H1MaterialisedAnnual report
「In terms of earnings, the Company continued efforts to optimise product placement and promote full-price sales. However, because sales fell below the previous year's results, and because the yen depreciated significantly year on year, raising the overseas procurement costs of spring and summer merchandise, both gross profit and the gross profit margin fell below the results for the same period of the previous year.」
The rise in overseas procurement costs for spring and summer merchandise resulting from the significantly weaker yen was reflected in year-on-year declines in gross profit and the gross profit margin. - 2026-08-06WorsenedResults
「損益面では、引き続き、商品配置の最適化やプロパー販売の促進等に努めましたが、前年に比べ大幅な円安が進行したことにより、春夏物商品の海外からの仕入コストが上昇し、売上総利益及び売上総利益率は前年同四半期を下回りました。」
商品配置の最適化やプロパー販売促進を継続したものの、大幅な円安により海外仕入コストが上昇し、売上総利益および売上総利益率が前年同四半期を下回った。 - FY2026MitigatedAnnual report
「In terms of profit and loss, the company continued efforts to optimise product allocation and promote full-price sales. As exchange rates trended towards yen appreciation for the full fiscal year compared with the previous fiscal year, overseas sourcing costs were reduced, and both gross profit and gross profit margin exceeded the previous fiscal year's results. However, the company was unable to absorb increases in selling-related expenses, including advertising expenses, and personnel costs associated with human capital investment, and operating profit fell below the previous fiscal year's results.」
The impact on overseas sourcing costs and cost of sales was mitigated by the trend towards yen appreciation, optimised product allocation and promotion of full-price sales, and gross profit and gross profit margin improved. - 2026-05-14MitigatedResults
「為替相場が通期では前期対比円高に推移した影響もあり、海外よりの仕入コストの低減が図れたことから、売上総利益、売上総利益率ともに前連結会計年度の実績を上回りました」
円高と商品配置の最適化、プロパー販売促進により、仕入コスト低減と売上総利益率改善を記載している。 - FY2026-H1MitigatedAnnual report
「Improved margins resulting from optimising product and staffing allocation and promoting full-price sales, together with the exchange rate trend towards yen appreciation compared with the same period of the previous year, enabled the company to absorb increases in selling-related expenses and personnel costs associated with human capital investment accompanying higher sales, and profit and loss exceeded that in the same period of the previous year.」
Amid risks including sourcing costs, yen appreciation, optimised product and staffing allocation, and promotion of full-price sales and other measures absorbed increases in expenses and personnel costs, and profit and loss exceeded the previous year's level. - FY2025MitigatedAnnual report
「Although purchase prices rose as raw material costs continued to increase and the yen depreciated, improved gross profit margin resulting from the promotion of full-price sales and other measures proved effective. In terms of profit and loss, the company absorbed increases in selling-related expenses and personnel costs associated with human capital investment accompanying higher sales, and results exceeded those in the previous fiscal year.」
Amid continued increases in raw material costs and purchase prices due to yen depreciation, improved margins resulting from the promotion of full-price sales and other measures absorbed the increase in costs, and profit and loss exceeded the previous year's level. - FY2025-H1MitigatedAnnual report
「Although purchase prices rose as raw material costs continued to increase and the yen depreciated, improved margins resulting from the promotion of full-price sales and other measures proved effective. In terms of profit and loss, the company absorbed increases in selling-related expenses and personnel costs associated with human capital investment accompanying higher sales, and results exceeded those in the same period of the previous year.」
Although purchase prices continued to rise due to higher raw material costs and yen depreciation, improved margins resulting from the promotion of full-price sales and other measures absorbed the increases in costs, expenses and personnel costs. - FY2024MitigatedAnnual report
「Although purchase prices rose as raw material prices continued to increase and the yen depreciated, gross profit and gross profit margin both substantially exceeded those in the previous fiscal year, as efficient sourcing and sales through optimal product allocation across distribution channels, partial revisions to product prices, promotion of full-price sales and other measures proved effective.」
Amid continued increases in raw material prices and purchase prices due to yen depreciation, optimising product allocation, partially revising product prices and promoting full-price sales led to gross profit and gross profit margin substantially exceeding those in the same period of the previous year. - FY2024-Q2MitigatedAnnual report
「Although purchase prices rose as raw material prices continued to increase and the yen depreciated, gross profit and gross profit margin both substantially exceeded those in the same quarter of the previous year, owing to efficient sourcing and sales through optimal product allocation across distribution channels, partial revisions to product prices, promotion of full-price sales and other measures.」
Amid continued increases in raw material prices and purchase prices due to yen depreciation, optimising product allocation, partially revising product prices and promoting full-price sales led to substantial increases in gross profit and gross profit margin from the same quarter of the previous year. - FY2024-Q1MitigatedAnnual report
「In the personal goods segment, comprising the parasol, apparel and hat divisions, customer traffic at commercial facilities increased as foot traffic recovered following the subsiding impact of COVID-19. Favourable weather also contributed, and sales across distribution channels remained strong, particularly for seasonal products, with net sales exceeding those in the same quarter of the previous year. The segment also absorbed higher purchase prices resulting from continued increases in raw material prices and yen depreciation, and segment profit substantially exceeded that in the same quarter of the previous year.」
Despite continued increases in raw material prices and purchase prices due to yen depreciation, strong sales and other factors absorbed the impact, and segment profit in personal goods substantially exceeded that in the same quarter of the previous year. - FY2023-Q3MitigatedAnnual report
「In addition, although raw material prices rose and cost of sales increased due to the rapid depreciation of the yen, gross profit and gross profit margin both exceeded those in the same quarter of the previous year, owing to efficient sourcing and sales through optimal product allocation across distribution channels.」
Although higher raw material prices and costs resulting from rapid yen depreciation continued, optimal product allocation and efficient sourcing and sales led to gross profit and gross profit margin exceeding those in the same quarter of the previous year, absorbing the impact. - FY2023-Q2MitigatedAnnual report
「In addition, although raw material prices rose and cost of sales increased due to the rapid depreciation of the yen, gross profit exceeded that in the same quarter of the previous year.」
Although higher raw material prices and cost increases due to rapid yen depreciation actually occurred, gross profit exceeded that in the same quarter of the previous year, and the impact was absorbed overall. - FY2023-Q1WorsenedAnnual report
「However, gross profit margin declined as raw material prices rose and cost of sales increased due to the rapid depreciation of the yen.」
Higher raw material prices and cost of sales resulting from rapid yen depreciation appeared in results as a decline in gross profit margin. - FY2022WorsenedAnnual report
「The company was also affected by higher purchase prices resulting from yen depreciation and rising raw material costs caused by inflation.」
In addition to the existing risks of yen depreciation and rising overseas production costs, the impact of inflation-driven increases in raw material and purchase prices was explicitly identified. - FY2021RestatedAnnual report
「The Group imports some products and raw materials from European countries and various countries in Asia. In general, yen appreciation against other currencies has a favourable impact on the Group's business, while yen depreciation has an adverse impact.」
The adverse impact of yen depreciation on imported products and raw materials continues to be cited as a foreign exchange risk. - FY2020RestatedAnnual report
「In general, yen appreciation against other currencies has a favourable impact on the Group's business, while yen depreciation has an adverse impact.」
The adverse impact of yen depreciation on imported products and raw materials continues to be cited as a foreign exchange risk. - FY2019-Q1MaterialisedAnnual report
「In terms of profit and loss, due to the decline in net sales from the same quarter of the previous year and the inability to fully absorb higher manufacturing costs, including raw materials, among other factors, gross profit decreased by ¥120 million year on year to ¥1,549 million, down 7.2%.」
The company was unable to absorb higher manufacturing costs, including raw materials, and the impact of higher costs appeared in results as a ¥120 million, or 7.2%, decline in gross profit. - FY2018MaterialisedAnnual report
「Due to the decline in net sales from the same period of the previous year and the exchange rate trend towards yen depreciation compared with the same period of the previous year, among other factors, net gross profit decreased by ¥112 million year on year to ¥5,271 million, down 2.1%.」
The trend towards yen depreciation was reflected in full-year results as a factor behind the ¥112 million decline in net gross profit and the 2.1% decrease. - FY2018-Q3MaterialisedAnnual report
「In terms of profit and loss, due to the decline in net sales from the same quarter of the previous year and the exchange rate trend towards yen depreciation compared with the same quarter of the previous year, among other factors, net gross profit decreased by ¥102 million year on year to ¥3,806 million, down 2.6%.」
As in the previous quarter, yen depreciation was explicitly identified as a factor behind the decline in net gross profit, with the impact on profitability appearing in results as a ¥102 million, or 2.6%, decrease. - FY2018-Q2MaterialisedAnnual report
「In terms of profit and loss, due to the decline in net sales from the same quarter of the previous year and the exchange rate trend towards yen depreciation compared with the same quarter of the previous year, among other factors, net gross profit decreased by ¥99 million year on year to ¥2,665 million, down 3.6%.」
The previous quarter stated that exchange-rate movements had almost no year-on-year impact, but this time yen depreciation was explicitly identified as a factor behind the decline in net gross profit, with the impact of foreign exchange risk appearing in results. - FY2018-Q1MitigatedAnnual report
「As exchange rates remained at nearly the same levels as in the same quarter of the previous year, exchange-rate movements had almost no year-on-year impact.」
Exchange rates remained at approximately the same levels as in the same quarter of the previous year, and the impact of exchange-rate movements on profit and loss seen in the same quarter of the previous year was almost absent. There is no new disclosure regarding higher overseas production costs. - FY2017-Q3MitigatedAnnual report
「In terms of profit and loss, although labour and raw material costs in overseas production increased, the net gross profit margin rose 3.5 percentage points from the same quarter of the previous year, owing in part to the cost reduction effect of yen appreciation.」
Although overseas production costs continued to rise, the impact was mitigated through an increase in the net gross profit margin, owing in part to the cost reduction effect of yen appreciation. - FY2017-Q2MitigatedAnnual report
「In terms of profit and loss, although labour and raw material costs in overseas production increased, the net gross profit margin rose 3.1 percentage points from the same quarter of the previous year, owing in part to the cost reduction effect of yen appreciation and adjustments related to the elimination of transactions with consolidated subsidiaries.」
Although overseas production costs continued to rise, the cost reduction effect of yen appreciation and other factors raised the net gross profit margin, mitigating the impact on profitability. - FY2017-Q1MitigatedAnnual report
「In terms of profit and loss, although labour and raw material costs in overseas production increased, the net gross profit margin rose 2.5 percentage points from the same quarter of the previous year, owing in part to the cost reduction effect of yen appreciation.」
Although higher labour and raw material costs in overseas production continued, the cost reduction effect of yen appreciation led to a year-on-year increase in the net gross profit margin, which had declined in the previous fiscal year. - FY2016First statedAnnual report
「Although the company is working to reduce costs by shifting production locations and countries and reviewing production methods, these efforts did not fully offset higher import costs resulting from rising labour and raw material costs in overseas production and yen depreciation. The net gross profit margin fell 1.6 percentage points year on year.」
Higher labour and raw material costs in overseas production and yen depreciation are cited as factors behind the decline in profitability.