Foreign Exchange Risk Associated with the Translation of Overseas Subsidiaries’ Financial Statements
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2019: 16 of 27 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Although foreign-currency-denominated trade receivables arising from conducting business overseas remain small, they are exposed to foreign exchange risk.」
The foreign exchange risk associated with foreign-currency-denominated trade receivables arising from overseas operations is reiterated. - FY2020RestatedAnnual report
「The financial statements of overseas subsidiaries are generally prepared in their local currencies and then translated into yen for the preparation of the consolidated financial statements. Accordingly, the exchange rate at the time of settlement may affect the performance of the Group.」
The foreign exchange risk associated with translating the financial statements of overseas subsidiaries is reiterated. - FY2019RestatedAnnual report
「The financial statements of overseas subsidiaries are generally prepared in their local currencies and then translated into yen for the preparation of the consolidated financial statements. Accordingly, the exchange rate at the time of settlement may affect the performance of the Group.」
The foreign exchange risk associated with translating the financial statements of overseas subsidiaries is reiterated. - FY2018First statedAnnual report
「The exchange rate at the time of settlement may affect the performance of the Group.」
Fluctuations in the exchange rate when translating the financial statements of overseas subsidiaries from their local currencies into yen are identified as a risk.