Regarding the rapid depreciation of the yen, Nobuo Domae, president of Ryohin Keikaku, which develops MUJI, said at a financial results conference on the 13th that he took measures to reduce the impact of exchange rate fluctuations called "foreign exchange contracts," but the results exceeded expectations. I'm assuming it was.
In this, President Domae said, ``Originally, there should be no impact on only about 20% of the purchases other than the forward exchange contracts, but if the exchange rate changed this much, it would have been an impact for half a year.'' rice field.
Ryohin Keikaku's financial results for the entire group for the year up to August this year were affected by the decline in sales at existing stores in Japan and China, as well as the rapid depreciation of the yen and rising transportation costs. The final profit decreased by 27.6% from the previous year.
Regarding future measures, President Domae said, "Basically, we are building a plan based on the assumption that the current exchange rate will continue, such as increasing the ratio of forward exchange contracts. If the yen weakens further, it will have an impact. I think it will come out," he said.