Foreign exchange fluctuation risk in foreign-currency-denominated transactions
First written in FY2016. 8 of 14 entries say "Restated". Latest entry: FY2026.
Innotech moved to the "Worse" side of this theme in 2024, 6 years after the typical company in this theme (2018).
The whole theme swung hardest in 2024: 14 of 31 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In addition, due in part to the recognition of foreign exchange gains mainly from the revaluation of receivables and payables, ordinary profit for the consolidated fiscal year increased 66.0% from the previous consolidated fiscal year to ¥2,912 million.」
The company states that it recorded a foreign exchange loss in the previous fiscal year, while recording a foreign exchange gain in the current fiscal year. The impact of foreign exchange risk appeared as a gain during the fiscal year. - FY2026-H1MaterialisedAnnual report
「Foreign exchange loss ¥153.383 million ¥316.485 million」
Foreign exchange risk appeared in interim results as a ¥316.485 million foreign exchange loss, up from ¥153.383 million in the same period of the previous year. - FY2025MaterialisedAnnual report
「The company also recorded losses on investment business partnerships at overseas subsidiaries and foreign exchange losses mainly from the revaluation of receivables and payables.」
Foreign exchange risk appeared in full-year results as a ¥147 million foreign exchange loss, which contributed to the decline in ordinary profit. - FY2025-H1MaterialisedAnnual report
「As foreign exchange gains and losses turned into a loss, ordinary profit was ¥750 million, down 37.8% year on year, and interim net income attributable to owners of the parent was ¥459 million, down 44.9%.」
Foreign exchange risk appeared in interim results as foreign exchange gains and losses turned into a loss, reducing ordinary profit and net income attributable to owners of the parent. - FY2024-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there has been no new occurrence or material change in foreign exchange risk in foreign-currency-denominated transactions. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in foreign exchange risk in foreign-currency-denominated transactions. - FY2021-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in foreign exchange risk in foreign-currency-denominated transactions. - FY2020-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in foreign exchange risk in foreign-currency-denominated transactions. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in foreign exchange risk in foreign-currency-denominated transactions. - FY2019-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in foreign exchange risk in foreign-currency-denominated transactions. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change in foreign exchange risk. - FY2018WorsenedAnnual report
「For foreign-currency-denominated transactions, we enter into forward exchange contracts to mitigate the impact of exchange-rate fluctuations, but sharp movements in exchange rates and widening interest-rate differentials between Japan and overseas markets may make it difficult to secure the profits anticipated, potentially affecting our operating results.」
The company identifies difficulty securing anticipated profits due to widening interest-rate differentials between Japan and overseas markets as a new impact factor, in addition to exchange-rate fluctuations. - FY2017RestatedAnnual report
「For foreign-currency-denominated transactions, we enter into forward exchange contracts to mitigate the impact of exchange-rate fluctuations, but sharp movements in exchange rates may affect our operating results.」
The company continues to describe mitigation through forward exchange contracts and the residual risk of sharp exchange-rate fluctuations. - FY2016First statedAnnual report
「For foreign-currency-denominated transactions, we enter into forward exchange contracts to mitigate the impact of exchange-rate fluctuations, but sharp movements in exchange rates may affect our operating results.」
The company hedges through forward exchange contracts, while stating that the impact of sharp fluctuations remains.