Economic, foreign exchange and force majeure risks associated with overseas expansion
First written in FY2016. 9 of 21 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2024.
Gakkyusha moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 7 of 15 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Group operates not only in Japan but also in North America and Europe. Although overseas revenue accounts for a low proportion of consolidated revenue, the Group’s performance and other aspects of its business may be affected by force majeure events in the regions where it operates, including economic conditions, foreign exchange fluctuations, natural disasters, wars and terrorism.」
The disclosure continues to describe the risks associated with economic conditions, foreign exchange fluctuations, natural disasters, wars and terrorism accompanying overseas operations, including in North America and Europe. - FY2024-Q3WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to factors including the global surge in resource and energy prices, rising prices caused by the yen’s continued depreciation, and heightened geopolitical risks.」
The disclosure explicitly identifies the heightened geopolitical risk, in addition to surging resource and energy prices and yen depreciation, as an external-environment risk related to overseas operations and foreign exchange rates. - FY2023RestatedAnnual report
「The Group operates not only in Japan but also in North America, Asia and Europe. Although overseas revenue accounts for a low proportion of consolidated revenue, the Group’s performance and other aspects of its business may be affected by force majeure events in the regions where it operates, including economic conditions, foreign exchange fluctuations, natural disasters, wars and terrorism.」
The disclosure continues to describe the risks associated with regional economic conditions, foreign exchange fluctuations, natural disasters, wars and terrorism accompanying overseas operations. - FY2023-Q3RestatedAnnual report
「At the GAKKYUSHA USA Group, which primarily operates overseas schools (GAKKYUSHA U.S.A.CO.,LTD., GAKKYUSHA CANADA CO.,LTD., GAKKYUSHA SINGAPORE PTE.LTD., ENA EUROPE GmbH and 株式会社学究社帰国教育), student numbers, particularly at the overseas schools, fell below the previous year as the number of expatriates declined amid the prolonged spread of COVID-19. Revenue in U.S. dollar terms decreased year on year, but revenue after translation into yen increased year on year because of the weaker yen.」
The disclosure continues to describe the overseas business, including decreases in student numbers and US dollar-denominated revenue due to the decline in expatriate staff, and an increase in yen-denominated revenue due to yen depreciation. - FY2023-Q2WorsenedAnnual report
「Foreign exchange loss 2,655」
As an impact of foreign exchange fluctuations, the Group recorded a foreign exchange loss of ¥2.655 million in the cumulative second quarter of the current consolidated fiscal year, up from ¥1.142 million in the same quarter of the previous year. - FY2023-Q1Increase in yen-translated revenue due to yen depreciationAnnual report
「At the GAKKYUSHA USA Group, which primarily operates overseas schools (GAKKYUSHA U.S.A.CO.,LTD., GAKKYUSHA CANADA CO.,LTD., GAKKYUSHA SINGAPORE PTE.LTD., ENA EUROPE GmbH and 株式会社学究社帰国教育), student numbers fell below the previous year as the number of expatriates declined amid the prolonged spread of COVID-19, and revenue in U.S. dollar terms decreased year on year. However, revenue after translation into yen increased year on year because of the weaker yen.」
In the overseas business, the impact of yen depreciation materialized as an increase in revenue after translation into yen, while revenue decreased on a US dollar basis. - FY2022-Q3MaterialisedAnnual report
「Foreign exchange loss 1,681」
As an impact of foreign exchange fluctuations associated with overseas operations, the Group recorded a foreign exchange loss of ¥1.681 million in the cumulative third quarter of the current consolidated fiscal year. Foreign exchange risk has materialized as an actual loss. - FY2021-Q3RestatedAnnual report
「At the GAKKYUSHA USA Group, which primarily operates overseas schools (GAKKYUSHA U.S.A.CO.,LTD., GAKKYUSHA CANADA CO.,LTD., GAKKYUSHA SINGAPORE PTE.LTD. and 株式会社学究社帰国教育), the decline in Japanese expatriates caused by the spread of COVID-19 was offset by an increase in seasonal-course students through internet-based classes, resulting in higher revenue year on year.」
The disclosure continues from the previous quarter to describe the impact on overseas operations of a decline in Japanese expatriate staff due to the spread of COVID-19. - FY2021-Q1MaterialisedAnnual report
「At the GAKKYUSHA USA Group, which primarily operates overseas schools (GAKKYUSHA U.S.A.CO.,LTD., GAKKYUSHA CANADA CO.,LTD., GAKKYUSHA SINGAPORE PTE.LTD. and 株式会社学究社帰国教育), the number of seasonal-course students increased through internet-based classes. However, the number of regular students decreased following a decline in Japanese expatriates as COVID-19 spread, resulting in lower revenue year on year.」
Regarding the risks associated with the economic environment and other factors accompanying overseas operations, the disclosure states that a decline in Japanese expatriate staff due to the spread of COVID-19, together with the resulting decreases in the number of overseas regular students and revenue, actually occurred. - FY2020WorsenedAnnual report
「Foreign exchange loss 4,994」
As an impact of foreign exchange fluctuations, the Group recorded a foreign exchange loss of ¥4.994 million in the current fiscal year, up from ¥3.192 million in the previous fiscal year. - FY2020-Q3MitigatedAnnual report
「Foreign exchange loss 1,644」
Although the impact of foreign exchange fluctuations materialized, the foreign exchange loss decreased from ¥5.484 million in the same quarter of the previous year to ¥1.644 million. - FY2020-Q2WorsenedAnnual report
「Foreign exchange loss 4,510」
As an impact of foreign exchange fluctuations, the Group recorded a foreign exchange loss of ¥4.510 million in the cumulative second quarter of the current consolidated fiscal year, up from ¥2.012 million in the same quarter of the previous year. - FY2020-Q1WorsenedAnnual report
「Foreign exchange loss 3,281」
As an impact of foreign exchange fluctuations, the Group recorded a foreign exchange loss of ¥3.281 million in the cumulative first quarter of the current consolidated fiscal year, up from ¥1.995 million in the same quarter of the previous year. - FY2019-Q3MaterialisedAnnual report
「Foreign exchange loss 5,484」
As an impact of foreign exchange fluctuations, the Group recorded a foreign exchange loss of ¥5.484 million in the cumulative third quarter of the current consolidated fiscal year. - FY2019-Q2MaterialisedAnnual report
「Foreign exchange loss 2,012」
As an impact of foreign exchange fluctuations, the Group recorded a foreign exchange loss of ¥2.012 million in the cumulative second quarter of the current consolidated fiscal year. - FY2019-Q1MaterialisedAnnual report
「Foreign exchange loss 1,995」
As an impact of foreign exchange fluctuations related to the overseas business, the Group recorded a foreign exchange loss of ¥1.995 million in the cumulative first quarter of the current consolidated fiscal year. - FY2018MaterialisedAnnual report
「Foreign currency translation adjustment decrease of ¥9.379 million」
As an impact of foreign exchange fluctuations related to the overseas business, the Group recorded a ¥9.379 million decrease in the foreign currency translation adjustment during the current consolidated fiscal year. - FY2017-Q3MaterialisedAnnual report
「At the GAKKYUSHA USA Group, which primarily operates overseas schools (GAKKYUSHA U.S.A.CO.,LTD., GAKKYUSHA CANADA CO.,LTD., GAKKYUSHA SINGAPORE PTE.LTD. and 株式会社学究社帰国教育), revenue on a foreign-currency basis increased year on year, mainly because student numbers increased at 株式会社学究社帰国教育. However, revenue in yen terms decreased year on year because of the impact of exchange rates.」
Due to the impact of foreign exchange rates, growth in overseas revenue on a foreign-currency basis translated into a decline on a yen basis. - FY2017-Q2MaterialisedAnnual report
「Foreign exchange loss ¥7.3 million」
Against a backdrop including the yen’s strengthening trend, the Group recorded a foreign exchange loss of ¥7.3 million in the cumulative second quarter of the current consolidated fiscal year. - FY2017-Q1MaterialisedAnnual report
「Foreign exchange loss ¥6.507 million」
The risk associated with foreign exchange fluctuations has materialized, with a foreign exchange loss recorded in the current quarter. - FY2016First statedAnnual report
「As the Group operates overseas, its performance and other aspects of its business may be affected by force majeure events in regions around the world, including economic conditions, foreign exchange fluctuations, natural disasters, wars and terrorism, as is the case for companies in the same and other industries.」
For its overseas operations, the Group identifies regional economic conditions, foreign exchange fluctuations, natural disasters, wars and terrorism as risks.