Impact of Foreign Exchange Movements on Operating Results and Financial Position
First written in FY2022. 3 of 6 entries say "Worsened", first in FY2023-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2025.Annual report
「Our group may be affected in its operating results and financial position if sharp foreign exchange fluctuations occur in its global business activities, including intra-group transactions such as the provision of products and services to overseas offices and outsourced development, and the use of services provided by overseas vendors.」
The disclosure continues to address the risk of sharp foreign exchange fluctuations associated with global transactions involving overseas offices and overseas vendors. - FY2024.Annual report
「Our group may be affected in its operating results and financial position if sharp foreign exchange fluctuations occur in its global business activities, including intra-group transactions such as the provision of products and services to overseas offices and outsourced development, and the use of services provided by overseas vendors.」
The disclosure continues to address foreign exchange fluctuation risk associated with global transactions involving overseas offices and overseas vendors. - FY2023-Q3.Annual report
「The outlook remains uncertain due to supply constraints related to the situation in Ukraine, rising prices associated with the rapid depreciation of the yen, trends in COVID-19 infections in China and their impact on global supply chains, among other factors.」
As external factors contributing to uncertainty related to foreign exchange fluctuations, the Company disclosed the rapid depreciation of the yen and rising prices, as well as trends in COVID-19 infections in China and their impact on global supply chains. - FY2023-Q2.Annual report
「However, the outlook remained uncertain as downside risks in overseas economies threatened to weigh on the Japanese economy amid continued global monetary tightening, while supply restrictions resulting from the prolonged situation in Ukraine and rising prices accompanying the rapid depreciation of the yen also posed risks.」
In addition to the rapid depreciation of the yen, rising prices and supply constraints resulting from the prolonged situation in Ukraine, the Company continues to disclose, and has newly added, tighter monetary policy and a downturn in overseas economies as risks in the external environment. - FY2023-Q1.Annual report
「However, the outlook remained uncertain as the prolonged situation in Ukraine and rising prices accompanying the rapid depreciation of the yen weighed on the economy.」
Changes in the external environment, including a rapid depreciation of the yen, were described as a factor that could weigh on economic conditions through higher prices. - FY2022.Annual report
「The Group's global business activities include intragroup transactions such as providing products and services to overseas bases and outsourcing development, as well as using services provided by overseas vendors. If rapid foreign exchange fluctuations occur, the Group's operating results and financial condition may be affected.」
For the first time, the Company explicitly identified as a major risk the risk of sharp foreign exchange fluctuations associated with transactions involving overseas offices and overseas vendors.