Foreign exchange fluctuation risk associated with overseas sales accounting for 40.0%
First written in FY2018. 6 of 10 entries say "Worsened", first in FY2020. Latest entry: FY2026.
Tomita moved to the "Worse" side of this theme in 2022, 6 years after the typical company in this theme (2016).
The whole theme swung hardest in 2019: 29 of 62 companies on the "Worse" side.
12 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Overseas sales accounted for 44.1% of consolidated net sales. Because exchange-rate fluctuations affect foreign-currency-denominated sales and purchasing costs, the Group hedges the risk associated with these import and export transactions through derivatives such as forward exchange contracts to reduce the impact of exchange-rate fluctuations as much as possible. However, significant exchange-rate fluctuations beyond expectations may affect the Group’s financial position and operating results.」
The overseas sales ratio rose from 39.7% in the previous fiscal year to 44.1%, increasing foreign exchange exposure. The hedging policy using forward exchange contracts and other instruments, and the potential impact of significant exchange-rate fluctuations, continue to be described. - FY2025WorsenedAnnual report
「Overseas sales accounted for 39.7% of consolidated net sales.」
The overseas sales ratio rose from 39.3% in the previous fiscal year to 39.7%, slightly increasing foreign exchange exposure. - FY2024MitigatedAnnual report
「Overseas sales accounted for 39.3% of consolidated net sales. Because exchange-rate fluctuations affect foreign-currency-denominated sales and purchasing costs, the Group hedges the risk associated with these import and export transactions through derivatives such as forward exchange contracts to reduce the impact of exchange-rate fluctuations as much as possible. However, significant exchange-rate fluctuations beyond expectations may affect the Group’s financial position and operating results.」
The overseas sales ratio fell from 40.8% in the previous fiscal year to 39.3%. The hedging policy using forward exchange contracts and other instruments, and the potential impact of significant exchange-rate fluctuations, continue to be described. - FY2023Overseas sales ratio rose to 40.8%Annual report
「Overseas sales accounted for 40.8% of consolidated net sales. Because exchange-rate fluctuations affect foreign-currency-denominated sales and purchasing costs, the Group hedges the risk associated with these import and export transactions through derivatives such as forward exchange contracts to reduce the impact of exchange-rate fluctuations as much as possible. However, significant exchange-rate fluctuations beyond expectations may affect the Group’s financial position and operating results.」
The overseas sales ratio rose from 37.9% in the previous fiscal year to 40.8%, increasing foreign exchange exposure. - FY2023-Q1WorsenedAnnual report
「Uncertainty about the outlook continued due to the global semiconductor shortage, supply chain disruptions caused by the prolonged situation in Ukraine and the impact of lockdowns in China, the rapid depreciation of the yen, and soaring raw material and crude oil prices.」
Regarding foreign exchange risk associated with overseas operations and foreign-currency transactions, the rapid depreciation of the yen was explicitly identified as a current factor contributing to uncertainty. - FY2022WorsenedAnnual report
「Overseas sales accounted for 37.9% of consolidated net sales. Because exchange-rate fluctuations affect foreign-currency-denominated sales and purchasing costs, the Group hedges the risk associated with these import and export transactions through derivatives such as forward exchange contracts to reduce the impact of exchange-rate fluctuations as much as possible. However, significant exchange-rate fluctuations beyond expectations may affect the Group’s financial position and operating results.」
The overseas sales ratio rose from 37.4% in the previous fiscal year to 37.9%. In addition to hedging through forward exchange contracts and other instruments, it also describes the exchange-rate impact when the financial statements of overseas subsidiaries are translated into yen. - FY2021MitigatedAnnual report
「Overseas sales accounted for 37.4% of consolidated net sales. Because exchange-rate fluctuations affect foreign-currency-denominated sales and purchasing costs, the Group hedges the risk associated with these import and export transactions through derivatives such as forward exchange contracts to reduce the impact of exchange-rate fluctuations as much as possible. However, significant exchange-rate fluctuations beyond expectations may affect the Group’s financial position and operating results.」
The overseas sales ratio fell from 43.1% in the previous fiscal year to 37.4%. The hedging policy using forward exchange contracts and other instruments, and the potential impact of exchange-rate fluctuations beyond expectations, continue to be described. - FY2020WorsenedAnnual report
「Overseas sales accounted for 43.1% of consolidated net sales. Because exchange-rate fluctuations affect foreign-currency-denominated sales and purchasing costs, the Group hedges the risk associated with these import and export transactions through derivatives such as forward exchange contracts to reduce the impact of exchange-rate fluctuations as much as possible.」
The overseas sales ratio rose from 37.8% in the previous fiscal year to 43.1%. The hedging policy using forward exchange contracts and other instruments continues, but exposure to overseas sales has increased. - FY2019Overseas sales ratio changed to 37.8%Annual report
「Overseas sales accounted for 37.8% of consolidated net sales. As a result, foreign-currency-denominated assets, liabilities, revenues and expenses account for a significant proportion of the consolidated financial statements, and exchange-rate fluctuations may affect the yen-translated amounts in the consolidated financial statements. Currently, the Group uses forward exchange contracts as a means of hedging this foreign exchange risk.」
The overseas sales ratio fell from 40.0% in the previous fiscal year to 37.8%, but the potential impact on the yen-translated amounts of foreign-currency-denominated items and hedging through forward exchange contracts continue to be described. - FY2018First statedAnnual report
「Overseas sales accounted for 40.0% of consolidated net sales. As a result, foreign-currency-denominated assets, liabilities, revenues and expenses account for a significant proportion of the consolidated financial statements, and exchange-rate fluctuations may affect the yen-translated amounts in the consolidated financial statements. Currently, the Group uses forward exchange contracts as a means of hedging this foreign exchange risk.」
Against the backdrop of overseas sales accounting for 40.0%, it indicates that exchange rates may affect the yen-translated amounts of foreign-currency-denominated items and that forward exchange contracts are used as a hedging instrument.