Risk of fluctuations in foreign exchange rates and bullion prices
First written in FY2016. 9 of 17 entries say "Worsened", first in FY2020. Latest entry: 2026-11-04.
Nagahori moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 11 of 13 companies on the "Worse" side.
7 other companies' latest entry also says "Materialised".
- 2026-11-04MaterialisedRevisions to earnings forecasts
「However, as the rise in precious-metal prices, including gold, paused, sales of gold bullion products at group companies decreased.」
Changes in bullion prices materialized as a decline in gold bullion product sales at group companies and became a factor behind the downward revision to the cumulative quarterly earnings forecast. - FY2026WorsenedAnnual report
「Of our group’s total transaction volume, approximately ¥4.8 billion consists of import and export transactions, including diamonds and colored stones, denominated in US dollars and euros.」
The volume of US dollar- and euro-denominated import and export transactions increased from approximately ¥3.6 billion in the previous period to approximately ¥4.8 billion, expanding the volume of transactions exposed to fluctuations in foreign exchange rates and bullion prices. - 2026-05-12WorsenedRevisions to earnings forecasts
「The forward-looking business environment has become increasingly uncertain due to instability in foreign exchange markets and concerns over a deterioration in the situation in the Middle East, among other factors.」
The company described increasing uncertainty in the market environment, including instability in foreign exchange markets. - FY2025WorsenedAnnual report
「Of our group’s total transaction volume, approximately ¥3.6 billion consists of import and export transactions, including diamonds and colored stones, denominated in US dollars and euros.」
The volume of US dollar- and euro-denominated import and export transactions increased from approximately ¥2.2 billion in the previous period to approximately ¥3.6 billion, expanding the volume of transactions exposed to fluctuations in foreign exchange rates and bullion prices. - FY2024-Q2RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to the impact of the weaker yen and the prolonged invasion of Ukraine by Russia on jewelry products, among other factors.」
It continues to describe the impact of the weaker yen and the prolonged invasion of Ukraine on jewelry products as uncertainties concerning foreign exchange and the product procurement environment. - FY2024-Q1WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to the impact of the weaker yen and the prolonged invasion of Ukraine by Russia on jewelry products, among other factors.」
In addition to the existing risks from fluctuations in foreign exchange rates and bullion prices, it continues to explicitly identify the weaker yen and the impact of the prolonged invasion of Ukraine on jewelry products. - FY2023WorsenedAnnual report
「Of our group’s total transaction volume, approximately ¥2.2 billion consists of import and export transactions, including diamonds and colored stones, denominated in US dollars and euros.」
US dollar- and euro-denominated import and export transactions increased from approximately ¥1.4 billion in the previous period to approximately ¥2.2 billion, expanding the volume of transactions exposed to fluctuations in foreign exchange rates and bullion prices. - FY2023-Q2WorsenedAnnual report
「Although sales trends in the jewelry industry are recovering as restrictions imposed to prevent the spread of COVID-19 have been eased, the outlook remains uncertain due to the impact of voluntary restrictions on activities in response to infections, the continuing depreciation of the yen and inflationary pressures.」
While a recovery in sales trends is indicated, the continuing depreciation of the yen and inflationary pressures are explicitly identified as new uncertainties concerning foreign exchange and the procurement environment for products. - FY2023-Q1WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to the rapid weakening of the yen and the impact of Russia’s invasion of Ukraine on jewelry products, among other factors.」
In addition to the existing risks from fluctuations in foreign exchange rates and bullion prices, it explicitly identified the rapid weakening of the yen and the impact of Russia’s invasion of Ukraine on jewelry products. - FY2022WorsenedAnnual report
「Of our group’s total transaction volume, approximately ¥1.4 billion consists of import and export transactions, including diamonds and colored stones, denominated in US dollars and euros.」
The volume of US dollar- and euro-denominated import and export transactions increased from approximately ¥1.1 billion in the previous period to approximately ¥1.4 billion, expanding the volume of transactions exposed to fluctuations in foreign exchange rates and bullion prices. - FY2021MitigatedAnnual report
「Of our group’s total transaction volume, approximately ¥1.1 billion consists of import and export transactions, including diamonds and colored stones, denominated in US dollars and euros.」
The volume of US dollar- and euro-denominated import and export transactions decreased from approximately ¥2.0 billion in the previous period to approximately ¥1.1 billion, reducing the volume of transactions exposed to foreign exchange fluctuations. - FY2020WorsenedAnnual report
「Of our group’s total transaction volume, approximately ¥2.0 billion consists of import and export transactions, including diamonds and colored stones, denominated in US dollars and euros.」
The volume of US dollar- and euro-denominated import and export transactions increased from approximately ¥1.7 billion in the previous period to approximately ¥2.0 billion, expanding the volume of transactions exposed to foreign exchange fluctuations. - FY2019MitigatedAnnual report
「Of our group’s total transaction volume, approximately ¥1.7 billion consists of import and export transactions, including diamonds and colored stones, denominated in US dollars and euros.」
The volume of US dollar- and euro-denominated import and export transactions decreased from approximately ¥2.2 billion in the previous period to approximately ¥1.7 billion. It continues to describe the risks from fluctuations in foreign exchange rates and bullion prices. - FY2018RestatedAnnual report
「Of our group’s total transaction volume, approximately ¥2.2 billion consists of import and export transactions, including diamonds and colored stones, denominated in US dollars and euros.」
It discloses the foreign exchange risk associated with approximately ¥2.2 billion of US dollar- and euro-denominated import and export transactions and continues its hedging policy using interest rate swaps and forward exchange contracts, among other instruments. - FY2017MitigatedAnnual report
「In accordance with our risk management policy, we hedge interest rate and foreign exchange risks.」
It discloses that approximately ¥2.2 billion of import and export transactions are denominated in US dollars and euros, together with its hedging policy and transactions involving interest rate swaps and forward exchange contracts. - FY2017-Q1MaterialisedAnnual report
「Rapid appreciation of the yen」
Foreign exchange fluctuations affected actual results, and a foreign exchange loss of ¥1.680 million was recorded in the first quarter. - FY2016First statedAnnual report
「Of our group’s total transaction volume, approximately ¥2.3 billion consists of import and export transactions, including diamonds and colored stones, denominated in US dollars and euros.」
Approximately ¥2.3 billion of import and export transactions are denominated in US dollars and euros, exposing the group to fluctuations in foreign exchange rates and bullion prices.