Impact of Foreign Exchange Fluctuations on the China Pipe Manufacturing Business
First written in FY2017-Q2. 1 of 3 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2018.
The whole theme swung hardest in 2025: 71 of 159 companies on the "Worse" side.
- FY2018DroppedAnnual report
「Sales of processed stainless steel products in the domestic construction sector continued to perform well. However, net sales decreased 1.7% from the previous consolidated fiscal year to ¥1,074.663 million, due to a decline in the mainstay automotive-related business in the China steel pipe manufacturing operation.」
The current year's explanation of the China steel pipe manufacturing business indicates a decline in automotive-related demand, while the impact of exchange-rate fluctuations cited through the previous quarter is not explicitly stated. - FY2017-Q3RestatedAnnual report
「Shipments of stainless steel processed products in the domestic construction sector fell short of the high level recorded in the same period of the previous year, while China's tube manufacturing business was affected by exchange-rate fluctuations. As a result, revenue was ¥801.626 million, down 6.4% from the cumulative third quarter of the previous fiscal year, and operating profit was ¥126.468 million, down 1.8%.」
The impact of exchange-rate fluctuations continues to be reflected in net sales and operating income in the China steel pipe manufacturing business, reconfirming the materialization of exchange-rate risk. - FY2017-Q2MaterialisedAnnual report
「Sales of processed stainless steel products in the domestic construction sector remained solid. However, due to the impact of exchange-rate fluctuations on the steel pipe manufacturing business in China, net sales decreased 6.9% from the cumulative second quarter of the previous fiscal year to ¥498.907 million.」
Net sales in the China steel pipe manufacturing business decreased 6.9% year on year due to the impact of exchange-rate fluctuations. The impact of exchange-rate fluctuations on business performance materialized during the quarter.