Foreign Exchange Fluctuation Risk Associated with Foreign-Currency-Denominated Assets and Overseas Subsidiaries
First written in FY2016. 19 of 33 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2026.
Nippo moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2019: 69 of 121 companies on the "Worse" side.
38 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Net assets increased by ¥1,461 million from the end of the previous consolidated fiscal year to ¥17,992 million. The main factors included increases of ¥749 million in retained earnings and ¥444 million in the foreign currency translation adjustment account.」
The foreign currency translation adjustment, which had decreased in the previous interim period, increased by ¥444 million in the current year, improving the negative impact of exchange rate movements on net assets. Foreign exchange exposure itself remains. - 2026-05-18MitigatedEarnings
「Net assets increased by ¥1,461 million from the end of the previous consolidated fiscal year to ¥17,992 million. The main factors included increases of ¥749 million in retained earnings and ¥444 million in the foreign currency translation adjustment account.」
The foreign currency translation adjustment account increased by ¥444 million in the current fiscal year, improving its impact on net assets compared with the decrease reported in the previous disclosure. - FY2026-H1WorsenedAnnual report
「Net assets decreased by ¥715 million from the end of the previous consolidated fiscal year to ¥15,814 million. The main factor was a ¥848 million decrease in the foreign currency translation adjustment.」
The foreign currency translation adjustment, which had increased in the previous fiscal year, decreased by ¥848 million, and the impact of exchange rate movements once again emerged as a decline in net assets for the interim consolidated period. - FY2024MitigatedAnnual report
「Non-operating income Foreign exchange gains − 119」
A ¥119 million foreign exchange gain was recorded for the year, and the foreign currency translation adjustment also increased by ¥847 million. Exposure through foreign-currency-denominated assets and overseas subsidiaries remains, but the impact on profit or loss and net assets improved during the year. - FY2024-Q3MitigatedAnnual report
「Foreign exchange gains − 110 The main factors included increases of ¥1,051 million in the foreign currency translation adjustment and ¥827 million in retained earnings.」
For the cumulative third quarter, a ¥110 million foreign exchange gain was recorded, and the foreign currency translation adjustment also increased by ¥1,051 million. Foreign exchange exposure remains, but its impact on profit or loss and net assets continues to improve. - FY2024-Q2MitigatedAnnual report
「The main factors included increases of ¥890 million in the foreign currency translation adjustment and ¥455 million in retained earnings.」
For the cumulative second quarter, a ¥106 million foreign exchange gain was recorded, and the foreign currency translation adjustment also increased by ¥890 million. Foreign exchange exposure remains, but its impact on profit or loss and net assets continues to improve. - FY2023-Q3MitigatedAnnual report
「Foreign exchange losses − 17 The main factors included increases of ¥1,616 million in the foreign currency translation adjustment and ¥791 million in retained earnings.」
A ¥17 million foreign exchange loss was recorded, but the foreign currency translation adjustment increased by ¥1,616 million, and net assets increased by ¥2,328 million from the end of the previous fiscal year. The impact of exchange rate movements remained in profit or loss, while the impact on net assets improved. - FY2023-Q2MitigatedAnnual report
「Foreign exchange losses − 50」
Although a ¥50 million foreign exchange loss was recorded, this was down from the ¥117 million reported for the previous quarter. The foreign currency translation adjustment also increased by ¥1,254 million, indicating that the impact of exchange rate movements on profit or loss and net assets has narrowed and is improving from the previous disclosure. - FY2023-Q1MaterialisedAnnual report
「Although the Group recorded a foreign-exchange loss of ¥117 million as a non-operating expense during the cumulative first-quarter period, this loss arose from the revaluation of the accounts payable recorded by the Group for the consideration of securities and other assets in connection with procedures to correct the excess capitalization of its subsidiary located in Hong Kong, NIPPO (HONG KONG) LTD. These procedures involved transferring ownership of securities and other assets held by the subsidiary to the Company, its parent, and reducing the subsidiary’s share capital using the proceeds. The foreign-exchange loss arose from the sharp exchange-rate movements during the cumulative first-quarter period, but did not involve a cash outflow to external parties.」
A foreign-exchange loss of ¥117 million arose due to sharp exchange-rate movements, and foreign-exchange risk was reflected in the quarter’s non-operating profit and loss. However, the company explained that it did not involve a cash outflow to external parties. - FY2022MitigatedAnnual report
「Non-operating income Foreign-exchange gain — ¥109 million」
The Group recorded a foreign-exchange gain of ¥109 million during the fiscal year under review, and the foreign currency translation adjustment also increased by ¥388 million. This represented an improvement from the decline in the foreign currency translation adjustment that had become apparent in the previous fiscal year. - FY2022-Q2MitigatedAnnual report
「Net assets increased by ¥748 million from the end of the previous consolidated fiscal year to ¥9,744 million. This was mainly attributable to a ¥376 million increase in retained earnings and a ¥332 million increase in the foreign currency translation adjustment, among other factors.」
The foreign currency translation adjustment increased by ¥332 million, reducing the negative impact of exchange-rate movements on net assets that had become apparent in the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「Non-operating income Foreign-exchange gain — ¥35 million This was mainly attributable to a ¥503 million increase in the foreign currency translation adjustment and a ¥195 million increase in retained earnings, among other factors.」
The Group recorded a foreign-exchange gain of ¥35 million during the current quarter, and the foreign currency translation adjustment also increased by ¥503 million, improving the foreign-exchange impact that had become apparent in the previous fiscal year. - FY2021WorsenedAnnual report
「This was mainly attributable to a ¥789 million decline in the foreign currency translation adjustment, among other factors.」
The foreign currency translation adjustment related to overseas subsidiaries and other entities declined by ¥789 million, reversing the increase in the previous fiscal year and making the impact of exchange rates on net assets apparent. - FY2021-Q3WorsenedAnnual report
「Net assets declined by ¥1,302 million from the end of the previous consolidated fiscal year to ¥8,510 million. This was mainly attributable to a ¥689 million decline in retained earnings and a ¥658 million decline in the foreign currency translation adjustment, among other factors.」
The foreign currency translation adjustment related to overseas subsidiaries and other entities declined by ¥658 million, increasing the impact from the ¥377 million decline reported in the previous disclosure. The effect of exchange-rate movements continued to be reflected in the results as a decline in net assets. - FY2021-Q2MitigatedAnnual report
「This was mainly attributable to a ¥993 million decline in retained earnings and a ¥377 million decline in the foreign currency translation adjustment, among other factors.」
Although the foreign currency translation adjustment continued to decline, the decrease narrowed to ¥377 million from the ¥720 million decline reported for FY2021-Q1. Meanwhile, a foreign-exchange loss of ¥73 million was incurred during the cumulative period of the current quarter. - FY2021-Q1MaterialisedAnnual report
「This was mainly attributable to a ¥720 million decline in the foreign currency translation adjustment and a ¥63 million decline in retained earnings, among other factors.」
The foreign currency translation adjustment related to overseas subsidiaries and other entities declined by ¥720 million, and the effect of exchange-rate movements was reflected in the results as a decline in net assets. - FY2020MitigatedAnnual report
「Foreign-exchange loss ¥115 million ¥1 million」
The foreign-exchange loss declined from ¥115 million in the previous fiscal year to ¥1 million, reducing the impact of exchange-rate movements on profit and loss. - FY2020-Q3MitigatedAnnual report
「Foreign-exchange loss ¥99 million ¥28 million」
The foreign-exchange loss declined from ¥99 million in the same period of the previous year to ¥28 million, reducing the impact of exchange-rate movements on profit and loss. However, a foreign-exchange loss was still incurred. - FY2020-Q2MitigatedAnnual report
「Foreign-exchange loss ¥121 million ¥0 million」
The foreign-exchange loss declined from ¥121 million in the same period of the previous year to ¥0 million for the cumulative period of the current quarter, reducing the impact of exchange-rate movements on profit and loss. - FY2020-Q1MitigatedAnnual report
「Foreign-exchange loss ¥148 million ¥16 million」
The foreign-exchange loss declined from ¥148 million in the same period of the previous year to ¥16 million, reducing the impact of exchange-rate movements on profit and loss. However, a foreign-exchange loss was still incurred. - FY2019WorsenedAnnual report
「Foreign exchange loss 115」
The foreign-exchange gain of ¥5 million in the previous fiscal year changed to a foreign-exchange loss of ¥115 million in the fiscal year under review, worsening the impact of exchange-rate movements on profit and loss. - FY2019-Q3MitigatedAnnual report
「Foreign-exchange loss ¥118 million ¥99 million」
The foreign-exchange loss declined from ¥118 million in the same period of the previous year to ¥99 million, reducing the impact of exchange-rate movements on profit and loss. However, a foreign-exchange loss was still incurred. - FY2019-Q2WorsenedAnnual report
「Foreign-exchange loss ¥116 million ¥121 million」
The foreign-exchange loss increased from ¥116 million in the same period of the previous year to ¥121 million, slightly increasing the impact of exchange-rate movements on profit and loss. - FY2019-Q1WorsenedAnnual report
「Foreign-exchange loss ¥91 million ¥148 million」
The foreign-exchange loss increased from ¥91 million in the same period of the previous year to ¥148 million, increasing the impact of exchange-rate movements on profit and loss from the previous disclosure. The foreign currency translation adjustment also declined by ¥444 million. - FY2018MitigatedAnnual report
「The Group has foreign-currency-denominated assets and liabilities. In addition, the financial statements of its overseas consolidated subsidiaries are prepared in foreign currencies. When these are incorporated into the consolidated financial statements, exchange-rate movements may affect the amounts translated into Japanese yen.」
The Group continues to have foreign-exchange exposure from foreign-currency-denominated assets and liabilities and overseas subsidiaries. However, it recorded a foreign-exchange gain of ¥5.615 million during the fiscal year under review, and the foreign currency translation adjustment increased by ¥498.226 million, reducing the impact on profit and loss from the foreign-exchange losses recorded through the previous fiscal year. - FY2018-Q3MitigatedAnnual report
「Foreign-exchange loss ¥1,042.081 million ¥118.385 million」
Although a foreign-exchange loss was incurred, it declined from ¥1,042.081 million in the same period of the previous year to ¥118.385 million, reducing the impact of exchange-rate movements on profit and loss from the previous disclosure. - FY2018-Q2MitigatedAnnual report
「Foreign-exchange loss ¥116.141 million」
Although a foreign-exchange loss was incurred, it declined from ¥879.161 million in the same period of the previous year to ¥116.141 million, reducing the impact of exchange-rate movements on profit and loss from the previous disclosure. - FY2018-Q1MaterialisedAnnual report
「Foreign-exchange loss ¥91.141 million」
A foreign-exchange loss of ¥91.141 million was incurred as a non-operating expense during the first quarter, and the effect of exchange-rate movements was reflected in the results. This was down from ¥261.435 million in the same period of the previous year. - FY2017MaterialisedAnnual report
「Foreign-exchange loss ¥367.395 million」
A foreign-exchange loss of ¥367.395 million was incurred as a non-operating expense during the fiscal year under review, and the effect of exchange-rate movements was reflected in the results. - FY2017-Q3WorsenedAnnual report
「In line with the results for the previous periods, the Group recorded operating profit of ¥229 million for the cumulative third-quarter period, but also recorded a quarterly net loss attributable to owners of the parent of ¥641 million, partly because the foreign-exchange loss outside operating income increased as the yen appreciated further.」
The foreign-exchange loss increased to ¥1,042.081 million as the yen appreciated further, contributing to the quarterly net loss attributable to owners of the parent of ¥641 million. The foreign currency translation adjustment also declined by ¥1,133 million. - FY2017-Q2WorsenedAnnual report
「Although the Group returned to operating profitability, recording operating profit of ¥47 million for the cumulative second-quarter period, it ultimately recorded a quarterly net loss attributable to owners of the parent of ¥701 million, partly because a foreign-exchange loss arose outside operating income, mainly when the balance of intercompany loans was translated into yen, amid the yen’s appreciation.」
The foreign-exchange loss associated with the yen’s appreciation was ¥879.161 million, contributing to the quarterly net loss attributable to owners of the parent of ¥701 million. The foreign currency translation adjustment also declined by ¥1,015 million. - FY2017-Q1MaterialisedAnnual report
「Although the Group recorded operating profit of ¥10 million during the cumulative first-quarter period, it ultimately recorded a quarterly net loss attributable to owners of the parent of ¥254 million, partly because a foreign-exchange loss arose due to exchange-rate movements.」
A foreign-exchange loss arose due to exchange-rate movements, and the foreign-exchange loss recorded as a non-operating expense was ¥261.435 million. The foreign currency translation adjustment also declined by ¥385 million from the end of the previous fiscal year. - FY2016MaterialisedAnnual report
「Although the Group is considering and implementing measures to mitigate the risk that exchange-rate movements may affect amounts translated into Japanese yen, its business, performance, and financial condition could be adversely affected.」
While the Group is considering and implementing measures to address foreign-exchange risk, it incurred a foreign-exchange loss of ¥354.472 million during the fiscal year under review, and the foreign currency translation adjustment declined by ¥516.385 million.