Foreign Exchange Risk Associated with the Vietnam Subsidiary
First written in FY2023-Q3. 4 of 10 entries say "Materialised", first in 2026-05-14. Latest entry: 2026-08-10.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- 2026-08-10MaterialisedEarnings presentation
「Although revenue recognition for some projects at ASNOVA VIETNAM will be pushed back to the second quarter, full-year performance is expected to be broadly in line with the plan.」
The company identified the postponement of revenue recognition for certain projects as an event as of the first-quarter results. - FY2026MaterialisedAnnual report
「Projects stagnated due to the reorganization of Vietnam’s central government ministries and administrative divisions, and performance remained weak against the plan. As a result, revenue was ¥30 million, down 54.0% year on year, and the segment loss was ¥181 million, compared with a segment loss of ¥131 million in the previous fiscal year.」
The overseas business experienced project stagnation caused by political and administrative factors in Vietnam, with a larger segment loss, demonstrating the impact of overseas-business risk. - FY2025ReframedAnnual report
「Expansion in ASEAN is one of the Group’s strategies. However, in addition to foreign-exchange risk, our overseas operations carry risks generally inherent in overseas businesses, including political instability, economic uncertainty, laws and regulations, and business practices.」
The scope of overseas risk was broadened from the Vietnam subsidiary to foreign-exchange, political, economic, regulatory and business-practice risks associated with expansion throughout ASEAN. - FY2024-Q2RestatedAnnual report
「Expansion in Vietnam is one of the Group’s strategies. However, in addition to foreign-exchange risk, our overseas operations carry risks generally inherent in overseas businesses, including political instability, economic uncertainty, laws and regulations, and business practices.」
The Group continues to identify foreign-exchange, political, economic, regulatory and business-practice risks in its overseas operations, including Vietnam. The risk of impairment losses on investments in subsidiaries was disclosed separately. - FY2023ReframedAnnual report
「Expansion in Vietnam is one of the Group’s strategies. However, in addition to foreign-exchange risk, our overseas operations carry risks generally inherent in overseas businesses, including political instability, economic uncertainty, laws and regulations, and business practices.」
The disclosure was broadened from foreign-exchange risk associated with the Vietnam subsidiary to risks relating generally to overseas operations, including political, economic, regulatory and business-practice risks. - FY2023-Q3First statedAnnual report
「We have a subsidiary, ASNOVA VIETNAM CO., LTD, established in the Socialist Republic of Vietnam on 5 October 2022. Significant foreign-exchange fluctuations could affect our results.」
Foreign-exchange risk affecting results was newly disclosed following the establishment and consolidation of the Vietnam subsidiary.