Foreign Exchange Fluctuation Risk from Foreign-Currency Transactions and Yen Translation of Overseas Subsidiaries
First written in FY2016. 4 of 31 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Mitsui-Soko Holdings moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2019: 69 of 120 companies on the "Worse" side.
33 other companies' latest entry also says "Other".
- FY2026Increase in the Foreign Currency Translation AdjustmentAnnual report
「Foreign currency translation adjustment 9,406 14,192」
The foreign currency translation adjustment increased from ¥9,406 million at the end of the previous fiscal year to ¥14,192 million, with the yen translation impact on overseas subsidiaries and other entities emerging as a factor increasing net assets. - FY2025-H1Decrease in the Foreign Currency Translation AdjustmentAnnual report
「Foreign currency translation adjustment 9,975 9,468」
The foreign currency translation adjustment decreased from ¥9,975 million at the end of the previous fiscal year to ¥9,468 million at the end of the interim period, changing from the increases driven by yen depreciation that had continued through the previous fiscal year. - FY2024Foreign currency translation adjustment continues to increase due to the weaker yenAnnual report
「The increase in shareholders’ equity was attributable to the recognition of net income attributable to owners of the parent for the current fiscal year and an increase in the foreign currency translation adjustment due to the yen’s depreciation.」
The foreign currency translation adjustment increased from ¥6,560 million at the end of the previous fiscal year to ¥9,975 million, with the yen translation impact on overseas subsidiaries and other entities from yen depreciation continuing to be reflected as a factor increasing shareholders’ equity. - FY2024-Q3Foreign currency translation adjustment continues to increase due to the weaker yenAnnual report
「The increase in shareholders’ equity was attributable to the recognition of quarterly net income attributable to owners of the parent and an increase in the foreign currency translation adjustment accompanying the yen’s depreciation.」
The yen translation impact on overseas subsidiaries and other entities from the yen’s depreciation continues to be reflected as a factor increasing shareholders’ equity. The foreign currency translation adjustment increased from ¥6,560 million at the end of the previous fiscal year to ¥8,219 million at the end of the third quarter. - FY2024-Q2Foreign currency translation adjustment continues to increase due to the weaker yenAnnual report
「Foreign currency translation adjustment 6,560 9,560」
The foreign currency translation adjustment increased from ¥6,560 million at the end of the previous fiscal year to ¥9,560 million, with the yen translation impact on overseas subsidiaries and other entities from yen depreciation continuing to be reflected in shareholders’ equity. - FY2024-Q1Foreign currency translation adjustment continues to increase due to the weaker yenAnnual report
「Foreign currency translation adjustment 6,560 8,830」
The foreign currency translation adjustment increased from ¥6,560 million at the end of the previous consolidated fiscal year to ¥8,830 million at the end of the first quarter of the current fiscal year, and the impact of translating overseas subsidiaries and other entities into yen as the yen weakened continues to be reflected in shareholders' equity. - FY2023-Q3Foreign currency translation adjustment continues to increase due to the weaker yenAnnual report
「Foreign currency translation adjustment 4,665 5,712」
The foreign currency translation adjustment increased from ¥4,665 million at the end of the previous fiscal year to ¥5,712 million at the end of the third quarter of the current fiscal year, and the impact of translating overseas subsidiaries and other entities into yen as the yen weakened continues to be reflected in shareholders' equity. - FY2023-Q2Foreign currency translation adjustment continues to increase due to the weaker yenAnnual report
「Foreign currency translation adjustment 4,665 7,944 The factors behind the increase in shareholders' equity were the recognition of quarterly net income attributable to owners of the parent and an increase in the foreign currency translation adjustment as the yen weakened.」
The foreign currency translation adjustment increased from ¥4,665 million at the end of the previous fiscal year to ¥7,944 million at the end of the second quarter of the current fiscal year, and the impact of translating overseas subsidiaries and other entities into yen as the yen weakened has actually emerged as a factor increasing shareholders' equity. - FY2023-Q1Increase in Foreign Currency Translation Adjustment Due to Yen DepreciationAnnual report
「Net assets increased by ¥4,127 million from the end of the previous consolidated fiscal year to ¥9,275 million, owing mainly to the recognition of quarterly net income attributable to owners of the parent and an increase in the foreign currency translation adjustment accompanying the weaker yen.」
The impact of translating overseas subsidiaries and other entities into yen as the yen weakened is reflected in net assets as an increase in the foreign currency translation adjustment. - FY2022ReframedAnnual report
「Of the sales generated by our Group's logistics business, international transportation consists largely of ocean and air freight denominated in US dollars. Accordingly, in the yen-denominated consolidated income statement, a stronger yen results in lower net sales.」
In addition to the conventional explanation regarding the translation of overseas subsidiaries into yen, the direct impact of foreign exchange on earnings was explicitly described, namely US dollar-denominated ocean and air freight rates and lower sales resulting from the stronger yen. - FY2022-Q3MitigatedAnnual report
「Foreign currency translation adjustment 1,036 2,386」
The foreign currency translation adjustment increased from ¥1,036 million at the end of the previous consolidated fiscal year to ¥2,386 million at the end of the third quarter of the current fiscal year, expanding the positive impact of translating overseas subsidiaries and other entities into yen on net assets. - FY2022-Q2MitigatedAnnual report
「Foreign currency translation adjustment 1,036 1,310」
The foreign currency translation adjustment increased from ¥1,036 million at the end of the previous consolidated fiscal year to ¥1,310 million at the end of the second quarter of the current fiscal year, expanding the positive impact of yen translation on net assets. - FY2022-Q1MitigatedAnnual report
「Foreign currency translation adjustment 1,036 1,214」
The foreign currency translation adjustment increased from ¥1,036 million at the end of the previous consolidated fiscal year to ¥1,214 million at the end of the first quarter of the current fiscal year, expanding the positive impact of yen translation on net assets. - FY2021MitigatedAnnual report
「Foreign currency translation adjustment △1,809 1,036」
The foreign currency translation adjustment turned from negative ¥1,809 million at the end of the previous fiscal year to positive ¥1,036 million, eliminating the negative impact of yen translation on net assets. - FY2021-Q3Continued improvement in the foreign currency translation adjustmentAnnual report
「Foreign currency translation adjustment △1,809 △348」
The foreign currency translation adjustment improved from negative ¥1,809 million at the end of the previous consolidated fiscal year to negative ¥348 million at the end of the third quarter of the current fiscal year, reducing the negative impact of foreign currency translation on net assets. - FY2021-Q2Improvement in the foreign currency translation adjustmentAnnual report
「Foreign currency translation adjustment △1,809 △1,342」
The foreign currency translation adjustment improved from negative ¥1,809 million at the end of the previous consolidated fiscal year to negative ¥1,342 million at the end of the second quarter of the current fiscal year, and other comprehensive income was also positive at ¥451 million. - FY2020Decrease in Foreign Currency Translation Adjustment Due to Yen AppreciationAnnual report
「Net assets increased by ¥2,599 million from the end of the previous consolidated fiscal year to ¥5,484 million, despite a decline in the foreign currency translation adjustment due to the stronger yen and a decline in valuation differences on other securities accompanying the fall in share prices, owing to the recognition of net income attributable to owners of the parent for the current fiscal year.」
The decline in the foreign currency translation adjustment due to the stronger yen affected full-year net assets, confirming the continued impact of foreign exchange fluctuations. - FY2020-Q3Continued decrease in the foreign currency translation adjustmentAnnual report
「Foreign currency translation adjustment △271」
The foreign currency translation adjustment was negative during the cumulative third quarter of the current fiscal year, and the foreign exchange impact of translating overseas subsidiaries and other entities into yen continues to materialize. - FY2020-Q2Decline in the foreign currency translation adjustment due to the stronger yenAnnual report
「Net assets increased by ¥1,870 million from the end of the previous consolidated fiscal year to ¥5,411 million, despite a decline in the foreign currency translation adjustment as the yen strengthened, due mainly to the recognition of net income attributable to owners of the parent for the quarter.」
The foreign currency translation adjustment declined as the yen strengthened, and the impact of foreign exchange on the balance sheet continues to materialize. - FY2020-Q1Continued foreign exchange losses and decline in the foreign currency translation adjustmentAnnual report
「Non-operating expenses Foreign exchange loss 197 70」
A foreign exchange loss continued to arise, as in the same period of the previous year. The loss was ¥70 million in the first quarter of the current fiscal year, and the foreign currency translation adjustment also declined as the yen strengthened. - FY2019RestatedAnnual report
「Foreign exchange loss - 25」
The foreign exchange gain of ¥490 million in the previous year turned into a foreign exchange loss of ¥25 million in the current fiscal year, with the impact of foreign exchange fluctuations appearing on the loss side. - FY2019-Q3Shift from foreign exchange gains to foreign exchange lossesAnnual report
「Non-operating income Foreign exchange gain 672 - Non-operating expenses Foreign exchange loss - 47」
Compared with the foreign exchange gain of ¥672 million in the same period of the previous year, the Company recorded a foreign exchange loss of ¥47 million in the cumulative third quarter of the current fiscal year, with the impact of foreign exchange fluctuations on the loss side. - FY2019-Q2RestatedAnnual report
「Non-operating income Foreign exchange gain 580 - Non-operating expenses Foreign exchange loss - 132」
Compared with the foreign exchange gain of ¥580 million in the same period of the previous year, the Company recorded a foreign exchange loss of ¥132 million in the cumulative second quarter of the current fiscal year, with the impact of foreign exchange fluctuations continuing on the loss side. - FY2019-Q1Shift from foreign exchange gains to foreign exchange lossesAnnual report
「Foreign exchange loss - 197」
Compared with the foreign exchange gain of ¥533 million in the same quarter of the previous year, the Company recorded a foreign exchange loss of ¥197 million in the first quarter of the current fiscal year, indicating that the actual impact of foreign exchange fluctuations shifted toward reducing earnings. - FY2018Continued disclosure of foreign exchange riskAnnual report
「In addition, items denominated in local currencies, including the sales, expenses and assets of overseas consolidated subsidiaries, are translated into yen to prepare the consolidated financial statements. Depending on the exchange rate used for translation, the amounts recorded in yen may fluctuate even if the value of these items in the original local currency remains unchanged.」
The foreign exchange risk arising from translating overseas subsidiaries into yen continues to be disclosed, and a foreign exchange gain of ¥490 million was also recorded in the current fiscal year. - FY2018-Q2Foreign exchange impact recognized as a foreign exchange gainAnnual report
「A foreign exchange gain arose on the dollar-denominated borrowings of an overseas subsidiary from its parent company because the dollar depreciated against the local currency,」
The impact of foreign exchange fluctuations on dollar-denominated borrowings continued, but for the cumulative period of the current quarter it contributed to earnings as a foreign exchange gain rather than a foreign exchange loss. - FY2018-Q1MaterialisedAnnual report
「A foreign exchange gain arose on the dollar-denominated borrowings of an overseas subsidiary from its parent company because the dollar depreciated against the local currency,」
The impact of foreign exchange fluctuations on dollar-denominated borrowings materialized in the current quarter as a foreign exchange gain. - FY2017-Q3MaterialisedAnnual report
「Although overseas operations were affected by the stronger yen and port transport operations were affected by Hanjin Shipping's application for legal rehabilitation, container terminal handling volumes declined as the Japan-China route remained subdued,」
The impact of the stronger yen continues to be reflected in the results of overseas operations, and the effects of foreign exchange fluctuations continue to materialize. - FY2017-Q2MaterialisedAnnual report
「Although overseas operations were affected by the stronger yen and port transport operations were affected by Hanjin Shipping's application for legal rehabilitation, container terminal handling volumes declined as the Japan-China route remained subdued,」
The impact of the stronger yen is reflected in the results of overseas operations. The foreign currency translation adjustment was also negative ¥1,275 million at the end of the quarter, down ¥2,383 million from the beginning of the fiscal year. - FY2017-Q1MaterialisedAnnual report
「Foreign currency translation adjustment △2,037」
The foreign currency translation adjustment decreased by ¥2,037 million in other comprehensive income for the quarter, reflecting the foreign exchange impact of translating overseas subsidiaries and other entities into yen. - FY2016First statedAnnual report
「Depending on the exchange rate used for translation, the amounts recorded in yen may fluctuate even if the value of these items in the local currency remains unchanged.」
Foreign exchange fluctuations are described as a factor affecting the consolidated financial statements, and a foreign exchange loss was recorded in the current fiscal year due to the depreciation of Southeast Asian currencies.