There is an urgent need to revise the rapid depreciation of the yen, boost corporate profits, shrink expectations, reduce costs, etc.

August 5 at 6:04 p.m.

The depreciation of the yen, which greatly boosted corporate performance in the April-June period, has been struck by a rapid change in trend. Since many companies have fallen below the level of expected exchange rates, with 1 dollar = 141 yen per hour, it is impossible to expect an increase in earnings due to exchange rates. If such exchange rates continue, absorption of exchange effects due to cost reduction etc. will also be required.
In the financial results for the fiscal year ending April to June (international accounting standards) announced by Toyota Motor Corporation on the 1st, the depreciation of the yen compensated for the impact of the decline in domestic production due to “type fraud,” and operating profit reached a record high of 1,308.4 billion yen, up 17% from the same period last year. Compared to 1 dollar = 137 yen for the fiscal year ending April to June 23, it was 156 yen for the fiscal year ending April to June 24, and the boost due to the depreciation of the yen rose to 370 billion yen.