Earnings impact of yen appreciation on global business
First written in FY2017-Q2. 4 of 4 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2018-Q1.
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- FY2018-Q1MaterialisedAnnual report
「Revenue for the cumulative first quarter of the current consolidated fiscal year was ¥66,181 million, up 0.6% year on year. This reflected increases in revenue from the Myanmar telecommunications business and the “TELEHOUSE” data center business, despite the negative impact of exchange-rate movements on revenue.」
The Global segment continued to be affected by lower revenue due to exchange-rate movements in the first quarter, but overall segment revenue increased because of higher revenue from other businesses. - FY2017MaterialisedAnnual report
「Revenue for the current fiscal year was ¥277,204 million, down 5.8% year on year, due to the appreciation of the yen and lower revenue resulting from the continued streamlining of low-profitability businesses in the US consumer business.」
The impact of the yen’s appreciation and other factors continued to weigh on full-year revenue in the Global segment, while operating profit also declined 24.9%. - FY2017-Q3MaterialisedAnnual report
「Revenue for the cumulative third quarter of the current consolidated fiscal year was ¥203,878 million, down 8.6% year on year, due to the appreciation of the yen and lower revenue resulting from the continued streamlining of low-profitability businesses in the US consumer business.」
Due in part to the impact of the yen’s appreciation, revenue in the Global segment declined 8.6% year on year and operating profit fell 19.9%. - FY2017-Q2MaterialisedAnnual report
「Revenue for the cumulative second quarter of the current consolidated fiscal year was ¥133,708 million, down 12.5% year on year, due to the recent sharp appreciation of the yen, as well as lower revenue resulting from the streamlining of unprofitable businesses in the US consumer business conducted last year.」
The company cited the sharp appreciation of the yen as a factor behind the decline in revenue in the Global segment. Segment operating profit also fell 26.1% year on year to ¥14,726 million.