4th Quarter/March 2016 Consolidated Financial Result
18/27 Impact of Exchange Rates on Operating Profit
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In FY2015, the impact of exchange rates on operating profit was 9.2 billion yen, but our sensitivity to the US dollar was zero. In the forecast for FY2016, the sensitivity to the US dollar is also at zero, so our forex sensitivity was balanced. In the forecast for FY2016, sensitivity to the US dollar is unaffected, but sensitivity to the Euro is increasing, from a billion yen in FY2014 to 1.1 billion yen in FY2015 and 1.2 billion yen in FY2016.Although it is not listed here, 2 billion yen of this 9.2 billion yen impact is the impact on operating profit from fluctuations in the currencies of Australia, Canada and the emerging nations.
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