Foreign Exchange Rate Risk
First written in FY2017. 2 of 7 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2024: 14 of 32 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Non-operating income and expenses improved as foreign exchange losses recorded in the previous fiscal year turned into foreign exchange gains in the current fiscal year owing to foreign exchange movements in the second half of the current fiscal year, resulting in profit of ¥29,930 million, an increase of ¥7,336 million from the same period of the previous year.」
Foreign exchange losses recorded in the previous fiscal year turned into foreign exchange gains in the current fiscal year, improving the impact of foreign exchange movements on ordinary profit. - FY2026-H1MitigatedAnnual report
「Non-operating income and expenses improved, mainly because of a decrease in foreign exchange losses, resulting in profit of ¥13,443 million, an increase of ¥2,164 million from the same period of the previous year.」
Foreign exchange losses decreased from ¥995 million in the same interim period of the previous year to ¥319 million in the current interim period, reducing the impact of foreign exchange movements on ordinary profit. - FY2025MaterialisedAnnual report
「Ordinary profit was ¥22,593 million, down 13.0% year on year, owing in part to an increase in foreign exchange losses resulting from foreign exchange movements.」
Foreign exchange movements affected ordinary profit for the full fiscal year, and foreign exchange losses totaled ¥2,336 million. - FY2025-H1MaterialisedAnnual report
「Uncertainty about the outlook continued, including the prolonged stagnation of China's property market, heightened tensions in the Middle East and sharp foreign exchange movements. Ordinary profit was ¥11,278 million, down 19.1% year on year, owing in part to foreign exchange losses. Foreign exchange losses 291 995」
The company identifies sharp foreign exchange movements as a concern in the external environment and recorded a foreign exchange loss of ¥995 million in the current interim consolidated accounting period, which affected ordinary profit. - FY2023-Q3Yen depreciation boosts yen-denominated earningsAnnual report
「In addition, the yen's depreciation since the beginning of the fiscal year boosted yen-denominated earnings.」
Regarding foreign exchange movements, the company reports that the yen's depreciation since the beginning of the fiscal year boosted yen-denominated earnings. quantified=false, materialized=true - FY2021RestatedAnnual report
「To mitigate foreign exchange risk, the Group conducts currency hedging transactions using foreign exchange forward contracts and other instruments and seeks to minimize the impact of exchange rate fluctuations among major currencies, including the US dollar, euro, pound sterling, Chinese yuan and yen. However, the timing of foreign exchange forward contracts and sharp foreign exchange movements may affect the Group's operating results and financial condition.」
The company continues to describe foreign exchange risks involving major currencies and its hedging policy using foreign exchange forward contracts and other instruments. - FY2017First statedAnnual report
「The timing of foreign exchange forward contracts and sharp foreign exchange movements may affect the Group's operating results and financial condition.」
The company identifies the impact of foreign currency translation associated with overseas sales and manufacturing as a risk and also refers to hedging through foreign exchange forward contracts and other instruments.