Changes in Exchange Rates
First written in FY2017. 10 of 25 entries say "Worsened", first in FY2019-Q1. Latest entry: FY2026.
Mitsubishi Logistics moved to the "Worse" side of this theme in 2017, 1 year before the typical company in this theme (2018).
The whole theme swung hardest in 2019: 69 of 121 companies on the "Worse" side.
22 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Foreign exchange losses 313」
A foreign exchange loss of ¥313 million arising from exchange-rate movements was recognized in the current period. - FY2025RestatedAnnual report
「In preparing the consolidated financial statements of the Group, the financial statements of overseas consolidated subsidiaries are translated into yen. In addition, the Company and certain consolidated subsidiaries hold foreign-currency-denominated receivables and payables. Accordingly, fluctuations in exchange rates may affect the Group’s financial position and operating results.」
The foreign exchange impact on the translation of consolidated financial statements and on foreign-currency-denominated receivables and payables associated with the expansion of overseas operations continues to be cited as a risk. - FY2024-Q2WorsenedAnnual report
「Ordinary profit decreased by ¥2.756 billion, or 17.1%, to ¥13.345 billion, due to a decrease in dividend income and the deterioration in foreign exchange gains and losses.」
The deterioration in foreign exchange gains and losses was cited as a factor driving the decrease in ordinary profit, and the earnings impact of currency movements deteriorated. - FY2024-Q1WorsenedAnnual report
「Ordinary profit decreased by ¥2.003 billion, or 20.9%, to ¥7.582 billion, due to a decrease in dividend income and the deterioration in foreign exchange gains and losses.」
The deterioration in foreign exchange gains and losses was cited as a factor driving the decrease in ordinary profit, and the earnings impact of currency movements deteriorated. - FY2023-Q2RestatedAnnual report
「In the International Freight Forwarding Business, operating revenue increased 97.3% year on year to ¥63.131 billion, due to an increase in import and export cargo handled and the contributions from higher ocean freight rates and yen depreciation.」
Yen depreciation was again cited as a factor driving revenue growth in the international freight forwarding business during the current quarter. - FY2023-Q1Yen depreciation contributed to international freight forwarding revenueAnnual report
「In the International Freight Forwarding Business, operating revenue increased 100.6% year on year to ¥30.216 billion, due to an increase in import and export cargo handled and the contributions from higher ocean and air freight rates and yen depreciation.」
Regarding currency movements, yen depreciation was cited as a factor driving revenue growth in the international freight forwarding business during the current quarter. - FY2022-Q2RestatedAnnual report
「As a result, operating profit increased by ¥3.283 billion, or 73.0%, year on year to ¥7.778 billion overall, reflecting an increase in the logistics business and a decrease in the real estate business. Ordinary profit increased by ¥3.278 billion, or 47.6%, to ¥10.167 billion, aided by the improvement in foreign exchange gains and losses despite a decrease in equity-method investment gains.」
The improvement in foreign exchange gains and losses continues to be cited as a factor driving the increase in ordinary profit. - FY2022-Q1MitigatedAnnual report
「As a result, operating profit increased by ¥822 million, or 37.1%, year on year to ¥3.037 billion overall, reflecting an increase in the logistics business and a decrease in the real estate business. Ordinary profit increased by ¥1.567 billion, or 46.6%, to ¥4.932 billion, partly due to the improvement in foreign exchange gains and losses.」
Foreign exchange losses recorded in the same period of the previous year were absent in the current quarter, and the improvement in foreign exchange gains and losses was identified as a factor driving the increase in ordinary profit. - FY2021WorsenedAnnual report
「Foreign exchange losses 316 353」
Foreign exchange losses increased from ¥316 million in the previous period to ¥353 million in the current period, expanding the full-year earnings impact of currency movements. - FY2021-Q3WorsenedAnnual report
「Foreign exchange losses 67 454」
Foreign exchange losses increased from ¥67 million in the same period of the previous year to ¥454 million, further expanding the earnings impact of currency movements from ¥214 million in the previous quarter. - FY2021-Q2WorsenedAnnual report
「Foreign exchange losses 9 214」
Foreign exchange losses increased from ¥9 million in the same period of the previous year to ¥214 million in the cumulative second-quarter consolidated period, indicating that the earnings impact of currency movements has expanded. - FY2021-Q1WorsenedAnnual report
「Ordinary profit decreased by ¥1.681 billion, or 33.3%, to ¥3.365 billion, due to the deterioration in foreign exchange gains and losses despite an increase in equity-method investment gains.」
Foreign exchange gains and losses deteriorated, with foreign exchange losses of ¥689 million recorded in the first quarter. No foreign exchange loss was recorded in the first quarter of the previous fiscal year, indicating that the earnings impact of currency movements has expanded again. - FY2020MitigatedAnnual report
「Foreign exchange losses, recorded as non-operating expenses, declined from ¥527 million in the previous period to ¥316 million.」
Foreign exchange losses declined from ¥527 million in the previous period to ¥316 million, confirming an improvement in the earnings impact of currency movements for the full year. - FY2020-Q3MitigatedAnnual report
「As a result, operating profit decreased by ¥286 million, or 2.8%, year on year to ¥9.918 billion overall, reflecting an increase in the logistics business and a decrease in the real estate business. Ordinary profit, however, increased by ¥142 million, or 1.0%, to ¥14.104 billion, as the improvement in foreign exchange gains and losses more than offset the one-time costs associated with the issuance of corporate bonds.」
The improvement in foreign exchange gains and losses was identified as a factor driving the increase in ordinary profit, with foreign exchange losses declining from ¥606 million in the same period of the previous year to ¥67 million in the current period. - FY2020-Q2MitigatedAnnual report
「Ordinary profit increased by ¥292 million, or 3.3%, to ¥9.21 billion, as the improvement in foreign exchange gains and losses more than offset the decrease in equity-method investment gains.」
The improvement in foreign exchange gains and losses was identified as a factor driving the increase in ordinary profit, confirming an improvement in the earnings impact of currency movements for the second consecutive quarter. - FY2020-Q1MitigatedAnnual report
「As a result, operating profit declined in both the logistics and real estate businesses, falling ¥347 million, or 9.6%, year on year to ¥3,266 million overall. Ordinary profit, however, increased ¥404 million, or 8.7%, to ¥5,046 million, due to an increase in equity-method investment income and an improvement in foreign exchange gains and losses.」
The ¥465 million foreign exchange loss recorded in the same period of the previous year was absent in the current quarter, and the improvement in foreign exchange gains and losses was identified as a factor behind the increase in ordinary profit. - FY2019WorsenedAnnual report
「Foreign exchange loss 527」
The foreign exchange loss increased from ¥266 million in the previous fiscal year to ¥527 million, indicating that the impact of exchange-rate fluctuations increased as a loss. - FY2019-Q3WorsenedAnnual report
「Foreign exchange loss 241 606」
The foreign exchange loss increased from ¥241 million in the same period of the previous year to ¥606 million in the first 9 months of the current third quarter of the consolidated fiscal year, indicating that the impact of exchange-rate fluctuations increased as a loss. - FY2019-Q2WorsenedAnnual report
「Foreign exchange loss 266 518」
The foreign exchange loss increased from ¥266 million in the same period of the previous year to ¥518 million in the first 6 months of the current second quarter of the consolidated fiscal year, indicating that the impact of exchange-rate fluctuations increased as a loss. - FY2019-Q1WorsenedAnnual report
「Foreign exchange loss 273 465」
The foreign exchange loss increased from ¥273 million in the same quarter of the previous year to ¥465 million in the current quarter, indicating that the impact of exchange-rate fluctuations increased as a loss. - FY2018MaterialisedAnnual report
「Foreign exchange loss - 266」
The impact of exchange-rate fluctuations was reflected in a ¥266 million foreign exchange loss recorded as a non-operating expense for the current fiscal year. - FY2018-Q3MaterialisedAnnual report
「Foreign exchange loss - 241」
The impact of exchange-rate fluctuations was reflected in a ¥241 million foreign exchange loss recorded as a non-operating expense for the first 9 months of the current third quarter of the consolidated fiscal year. - FY2018-Q2MaterialisedAnnual report
「Foreign exchange loss - 266」
The impact of exchange-rate fluctuations was reflected in a ¥266 million foreign exchange loss recorded as a non-operating expense for the first 6 months of the current second quarter of the consolidated fiscal year. - FY2018-Q1MaterialisedAnnual report
「Foreign exchange loss - 273」
The impact of exchange-rate fluctuations was reflected in a ¥273 million foreign exchange loss recorded as a non-operating expense for the current quarter. - FY2017First statedAnnual report
「In preparing the consolidated financial statements of the Group, the financial statements of overseas consolidated subsidiaries are translated into yen. In addition, the Company and certain consolidated subsidiaries hold foreign-currency-denominated receivables and payables, so fluctuations in exchange rates may affect the Group's financial position and operating results. Operating revenue from the international freight forwarding business was ¥44,146 million, down 10.1% from the previous fiscal year, due to factors including lower ocean freight rates and yen appreciation.」
The company newly disclosed foreign exchange risk associated with translating overseas subsidiaries' accounts into yen and holding foreign-currency-denominated receivables and payables. During the current fiscal year, the impact of yen appreciation was reflected in lower revenue from the international freight forwarding business.