Translating Foreign Subsidiaries’ Revenue and Expenses at Average Exchange Rates During the Period
First written in FY2026-H1. 2 of 3 entries say "Restated". Latest entry: FY2026.
15 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The method for translating the income and expenses of overseas subsidiaries and other entities was changed from translation into yen using spot exchange rates at the consolidated balance sheet date to translation using average exchange rates for the period, beginning with the current fiscal year.」
The accounting policy of translating the income and expenses of overseas subsidiaries at average exchange rates for the period continued to be applied in the full-year financial statements, and prior-year figures were presented after retrospective application. - 2026-05-15RestatedEarnings
「Beginning with the current consolidated fiscal year, the revenues and expenses of overseas subsidiaries and other entities have been translated into yen using the average exchange rate during the period, rather than the spot exchange rate at the consolidated balance sheet date. Year-on-year comparisons therefore use figures after retrospective application of the change.」
The company continues to disclose in its earnings summary its accounting policy of translating the revenues and expenses of overseas subsidiaries and other entities using the average exchange rate during the period. - FY2026-H1First statedAnnual report
「Previously, the income and expenses of overseas subsidiaries and other entities were translated into yen using spot exchange rates at the consolidated balance sheet date. From the current interim consolidated accounting period, this method has been changed to translation using average exchange rates for the period. The change was made because the significance of the overseas subsidiaries has increased, in order to mitigate the impact on profit and loss and other items of temporary exchange-rate fluctuations and to reflect the performance of the overseas subsidiaries more appropriately in the consolidated financial statements.」
The method for translating the income and expenses of overseas subsidiaries and other entities was changed from spot exchange rates at the consolidated balance sheet date to average exchange rates for the period. The stated reasons for the change were the increased significance of the overseas subsidiaries, mitigation of the impact of temporary exchange-rate fluctuations on profit and loss, and more appropriate reflection of their performance in the consolidated financial statements.