Accounting policy for translating the revenues and expenses of foreign subsidiaries at average exchange rates for the period
First written in FY2025-Q1. 3 of 4 entries say "Restated". Latest entry: FY2026-H1.
14 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Revenue and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate at the fiscal year-end. However, as the importance of the performance of overseas subsidiaries has increased amid significant foreign-exchange volatility, and is expected to increase further with the expansion of the overseas product business for general consumers, the company has changed its method of translating revenue and expenses into yen from the beginning of the current interim consolidated accounting period, using the average exchange rate for the period. This is intended to mitigate the impact of temporary exchange-rate fluctuations on results for the period and to reflect the performance of overseas subsidiaries more appropriately in the consolidated financial statements.」
The policy of translating revenue and expenses of overseas subsidiaries at the average exchange rate for the period continues to be applied in the current interim consolidated accounting period. - FY2025RestatedAnnual report
「Revenue and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate at the fiscal year-end. However, as the importance of the performance of overseas subsidiaries has increased amid significant foreign-exchange volatility, and is expected to increase further with the expansion of the overseas product business for general consumers, the company has changed its method of translating revenue and expenses into yen from the current consolidated fiscal year, using the average exchange rate for the period. This is intended to mitigate the impact of temporary exchange-rate fluctuations on results for the period and to reflect the performance of overseas subsidiaries more appropriately in the consolidated financial statements.」
The policy of translating revenue and expenses of overseas subsidiaries at the average exchange rate for the period continues to be applied in the full-year financial statements. - FY2025-H1RestatedAnnual report
「Revenue and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate at the fiscal year-end. However, as the importance of the performance of overseas subsidiaries has increased amid significant foreign-exchange volatility, and is expected to increase further with the expansion of the overseas product business for general consumers, the company has changed its method of translating revenue and expenses into yen from the beginning of the current interim consolidated accounting period, using the average exchange rate for the period. This is intended to mitigate the impact of temporary exchange-rate fluctuations on results for the period and to reflect the performance of overseas subsidiaries more appropriately in the consolidated financial statements.」
The accounting policy of translating revenue and expenses of overseas subsidiaries at the average exchange rate for the period, introduced in FY2025-Q1, has continued to be applied in the interim consolidated accounting period, with comparative figures disclosed after retrospective adjustment. - FY2025-Q1First statedAnnual report
「Revenue and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate at the fiscal year-end. However, as the importance of the performance of overseas subsidiaries has increased amid significant foreign-exchange volatility, and is expected to increase further with the expansion of the overseas product business for general consumers, the company has changed its method of translating revenue and expenses into yen from the first quarter of the current consolidated fiscal year, using the average exchange rate for the period. This is intended to mitigate the impact of temporary exchange-rate fluctuations on results for the period and to reflect the performance of overseas subsidiaries more appropriately in the consolidated financial statements.」
The method for translating revenue and expenses of overseas subsidiaries was changed from the spot exchange rate at the fiscal year-end to the average exchange rate for the period. The stated reasons were to mitigate the impact of exchange-rate fluctuations on results for the period and to reflect the performance of the overseas product business more appropriately in the consolidated financial statements.