Foreign Exchange Risk from Overseas Royalties and Dividends
First written in FY2016. 6 of 19 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 72 of 159 companies on the "Worse" side.
- FY2026Increase in foreign-exchange gainsAnnual report
「Foreign exchange gain 6,505 14,208」
The foreign exchange gain increased from ¥6,505 thousand in the previous year to ¥14,208 thousand. - FY2026-H1Increase in foreign-exchange gainsAnnual report
「Foreign exchange gain 1,524 9,193」
The foreign exchange gain increased from ¥1,524 thousand in the same period of the previous year to ¥9,193 thousand and was identified, together with higher dividends received, as a factor supporting ordinary profit. - FY2024Slight decrease in foreign exchange gainAnnual report
「Foreign exchange gain 11,316 11,104」
The foreign exchange gain was ¥11,104 thousand, compared with ¥11,316 thousand in the previous year, and the impact of exchange-rate fluctuations relating to overseas earnings and other items continues. - FY2024-Q2Decrease in Foreign-Exchange GainsAnnual report
「Foreign exchange gain 13,866 8,466」
The foreign exchange gain decreased from ¥13,866 thousand in the same period of the previous year to ¥8,466 thousand, with the impact of exchange-rate fluctuations reflected in non-operating income for the six-month cumulative period. - FY2024-Q1Decrease in Foreign-Exchange GainsAnnual report
「Foreign exchange gain 11,087 7,959」
The foreign exchange gain declined from ¥11,087 thousand in the same period of the previous year to ¥7,959 thousand, with the impact of exchange-rate fluctuations relating to overseas earnings and other items reflected in non-operating income for the quarter. - FY2023RestatedAnnual report
「With respect to dividends received, we avoid the impact of exchange-rate fluctuations by entering into forward exchange contracts when the agenda item to be submitted to the general meeting of shareholders at the overseas joint venture has been formally approved.」
The use of forward exchange contracts to mitigate foreign exchange risk on dividends received continues. - FY2022MitigatedAnnual report
「With respect to dividends received, we avoid the impact of exchange-rate fluctuations by entering into forward exchange contracts when the agenda item to be submitted to the general meeting of shareholders at the overseas joint venture has been formally approved.」
As a measure to mitigate foreign exchange risk associated with overseas royalties and dividends, a specific hedge involving forward exchange contracts for dividends received has been described. - FY2022-Q3MaterialisedAnnual report
「Foreign exchange loss － 5,155」
Rather than the foreign exchange gain recorded in the same period of the previous year, a foreign exchange loss of ¥5,155 thousand was recorded as a non-operating expense during the nine-month cumulative period. The impact of exchange-rate fluctuations on overseas earnings and other items has emerged in actual results. - FY2022-Q2Shift from Foreign-Exchange Gains to LossesAnnual report
「Foreign exchange loss － 7,307」
While a foreign exchange gain of ¥744 thousand was recorded in the same period of the previous year, a foreign exchange loss of ¥7,307 thousand was recorded during the six-month cumulative period. - FY2021Annual recognition of a foreign exchange gainAnnual report
「Foreign exchange gain 6,130」
Regarding foreign exchange risk associated with overseas royalties and other items, a foreign exchange gain of ¥6,130 thousand was recorded as non-operating income for the year. - FY2021-Q2Change from the impact of a stronger yen to the impact of a weaker yenAnnual report
「A foreign exchange gain of ¥744 thousand was recorded as non-operating income.」
While lower revenue due to the yen's appreciation and foreign exchange losses relating to overseas royalties and other items had been reported through the previous fiscal year, a foreign exchange gain of ¥744 thousand was recorded during the six-month cumulative period. - FY2020MaterialisedAnnual report
「Ordinary profit was ¥290 million, compared with ¥412 million in the previous consolidated fiscal year, a decrease of ¥121 million. The main factors were an ¥82 million decrease in operating profit, a ¥24 million decrease in dividends received, and a ¥12 million increase in foreign exchange losses, compared with a foreign exchange gain of ¥3 million in the previous consolidated fiscal year.」
The foreign exchange risk associated with overseas royalties and dividends has appeared in operating performance as a change from a foreign exchange gain of ¥3 million to a foreign exchange loss of ¥8 million. - FY2019RestatedAnnual report
「Our group receives royalty income under overseas sub-franchise agreements and dividends from overseas joint ventures remitted in local currencies. Consequently, extreme exchange-rate fluctuations could affect the operating performance of our group.」
The risk of exchange-rate fluctuations associated with receiving overseas royalty income and dividends in local currencies continues to be identified. - FY2018-Q3The weaker yen contributed positively to overseas business earningsAnnual report
「As a result, operating revenue for the nine-month consolidated period, comprising sales and royalty income, among other items, was ¥369 million, up 14.6% year on year, and ordinary profit was ¥134 million, up 7.9%, partly due to the impact of the weaker yen against the Thai baht.」
While declines in overseas royalty income due to the yen's appreciation had been reported through the previous fiscal year, the weaker yen against the Thai baht became a factor increasing operating revenue and ordinary profit from the overseas business during the nine-month cumulative period. - FY2017MaterialisedAnnual report
「As a result, operating revenue from the overseas business for the consolidated fiscal year, comprising sales and royalty income, among other items, was ¥469 million, down 12.0% year on year, and ordinary profit was ¥171 million, down 14.6%, due to lower soup and extract sales and a decline in overseas royalty income resulting from the yen's appreciation against the Thai baht during the first half.」
The yen's appreciation actually reduced overseas royalty income, reflected in overseas business operating revenue of ¥469 million and ordinary profit of ¥171 million for the year. - FY2017-Q3MaterialisedAnnual report
「As a result, operating revenue from the overseas business, comprising sales and royalty income, among other items, was ¥322 million, down 20.6% year on year, and ordinary profit was ¥124 million, down 18.2%, due to lower soup and extract sales and a decline in overseas royalty income resulting from the yen's appreciation against the Thai baht during the first half.」
The yen's appreciation continued to reduce overseas royalty income, and the impact was reflected in lower operating revenue and ordinary profit from the overseas business. - FY2017-Q2MaterialisedAnnual report
「As a result, operating revenue from the overseas business, comprising sales and royalty income, among other items, was ¥215 million, down 24.5% year on year, and ordinary profit was ¥84 million, down 21.0%, due to lower soup and extract sales and a decline in royalty income resulting from the yen's appreciation.」
The yen's appreciation actually reduced overseas royalty income, resulting in lower operating revenue and ordinary profit from the overseas business. - FY2017-Q1MaterialisedAnnual report
「As a result, operating revenue, comprising sales and royalty income, among other items, was ¥115 million, down 23.8% year on year, due to lower soup and extract sales and a decline in overseas royalty income resulting from the yen's appreciation against the Thai baht.」
It states that the yen's appreciation against the Thai baht actually reduced overseas royalty income. - FY2016First statedAnnual report
「Our group receives royalty income under overseas sub-franchise agreements and dividends from overseas joint ventures remitted in local currencies. Consequently, extreme exchange-rate fluctuations could affect the operating performance of our group.」
Exchange-rate fluctuations associated with receiving overseas royalty income and dividends in local currencies are identified as a risk to operating performance.