Mitigating Foreign Exchange Effects by Translating Overseas Subsidiaries' Revenue and Expenses at Average Exchange Rates During the Period

「在外子会社等の資産及び負債は、連結決算日の直物為替相場により円貨に換算し、収益及び費用は期中平均相場により円貨に換算し、換算差額は純資産の部における為替換算調整勘定及び非支配株主持分に含めて計上しております。」

「在外子会社等の収益および費用は、従来、当該在外子会社等の決算日の直物為替相場により円貨に換算しておりましたが、第１四半期連結会計期間より期中平均相場により円貨に換算する方法に変更しております。」

「在外子会社等の収益および費用は、従来、当該在外子会社等の決算日の直物為替相場により円貨に換算しておりましたが、第１四半期連結会計期間より期中平均相場により円貨に換算する方法に変更しております。」

「Previously, the revenues and expenses of overseas subsidiaries and other entities were translated into yen using the spot exchange rate on the reporting date of each overseas subsidiary or other entity. From the first quarter of the fiscal year under review, we changed to a method that uses the average exchange rate during the period. As our Group is expanding overseas sales and promoting global operations, the importance of overseas sales generated by overseas subsidiaries and other entities is expected to increase further. We therefore judged that translating revenues and expenses at the average exchange rate during the period was reasonable in order to mitigate the effect of temporary exchange-rate fluctuations on period results and reflect the performance of overseas subsidiaries and other entities more appropriately in the consolidated financial statements.」