Fluctuations in the Philippine Peso and Foreign-Exchange Rates
First written in FY2022. 4 of 11 entries say "Worsened", first in FY2023. Latest entry: 2026-08-14.
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- 2026-08-14MaterialisedFinancial Results Presentation
「Increase in cost of sales: higher trainer costs due to an increase in the number of lessons and yen depreciation, and recognition of depreciation and amortization expense for the app」
The disclosure showed that yen depreciation affected quarterly earnings not only through foreign-exchange losses but also by increasing cost of sales through higher trainer costs. - FY2026-H1MitigatedAnnual report
「Foreign-exchange losses 5,288」
Foreign-exchange losses in the 2026 interim period were ¥5,288 thousand, down from ¥8,732 thousand in the year-earlier period, reducing the year-on-year impact of fluctuations in the Philippine peso and other currencies. - FY2025MitigatedAnnual report
「Foreign-exchange losses 14,505」
Foreign-exchange losses for the fiscal year ended December 2025 were ¥14,505 thousand, down from ¥17,339 thousand in the previous year. The policy of hedging Philippine-peso and other foreign-exchange risk with forward contracts continues. - FY2025-H1MitigatedAnnual report
「Foreign-exchange losses 13,798 8,732」
Foreign-exchange losses declined from ¥13,798 thousand in the year-earlier period to ¥8,732 thousand, reducing the year-on-year impact of fluctuations in the Philippine peso and other currencies. - FY2024WorsenedAnnual report
「Foreign-exchange losses 17,339」
Foreign-exchange losses for the fiscal year ended December 2024 were ¥17,339 thousand, up from ¥16,870 thousand in the previous year. The policy of hedging with forward foreign-exchange contracts continues. - FY2024-H1WorsenedAnnual report
「Foreign-exchange losses 13,798」
Foreign-exchange losses for the interim consolidated accounting period were ¥13,798 thousand, up from ¥8,639 thousand in the year-earlier period, reflecting fluctuations in the Philippine peso and other currencies. - FY2024-Q1WorsenedAnnual report
「Foreign-exchange losses 9,106」
Foreign-exchange losses in the first quarter of the fiscal year ended December 2024 were ¥9,106 thousand, up from ¥1,504 thousand in the year-earlier period, reflecting fluctuations in the Philippine peso and other currencies. - FY2023WorsenedAnnual report
「Foreign-exchange losses 16,870」
Foreign-exchange losses increased from ¥13,933 thousand to ¥16,870 thousand because of fluctuations in the Philippine peso and other currencies. The policy of hedging with forward foreign-exchange contracts continues. - FY2023-Q3MaterialisedAnnual report
「Foreign-exchange losses 12,372」
Foreign-exchange losses of ¥12,372 thousand were recorded as non-operating expenses for the nine months ended, reflecting fluctuations in the Philippine peso and other currencies. - FY2023-Q2MaterialisedAnnual report
「Foreign-exchange losses 8,639」
Foreign-exchange losses of ¥8,639 thousand were recorded as non-operating expenses for the six months ended, reflecting the impact of fluctuations in the Philippine peso and other currencies. - FY2022First statedAnnual report
「We hedge these transactions with forward foreign-exchange contracts as necessary and seek to minimize foreign-exchange risk, but exchange-rate fluctuations may affect the Group’s business and results.」
The yen translation of overseas subsidiaries and outsourcing expenses denominated in Philippine pesos are exposed to foreign-exchange effects.