Application of the Standard Treatment to Long-Term Foreign Exchange Contracts for the Imari Biomass Power Generation Project
First written in FY2024-Q1. 3 of 5 entries say "Restated". Latest entry: FY2026.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Hedge accounting has been applied to long-term FX forward contracts since the interim consolidated accounting period of the fiscal year ending June 2025. Derivative receivables arising before the adoption of hedge accounting are recorded in non-operating income or expenses as the FX forward contracts are executed.」
The company continues to apply the hedge accounting adopted from the interim period of the fiscal year ending June 2025, as well as the policy for handling derivative receivables arising before its adoption. - FY2025-H1ReframedAnnual report
「Hedge accounting has been applied to long-term FX forward contracts since the interim consolidated accounting period of the fiscal year ending June 2025. Derivative receivables arising before the adoption of hedge accounting are recorded in non-operating income or expenses as the FX forward contracts are executed.」
The company changed from the former ordinary accounting treatment to hedge accounting from the interim consolidated accounting period of the fiscal year ending June 2025. - FY2024RestatedAnnual report
「Derivative valuation gains and losses represent the fair-value measurement, as of each quarter-end, of unsettled FX forward contracts without any associated cash flow. The accounting treatment reverses the valuation gains and losses recorded as of the previous quarter-end, then measures the unsettled FX forward contracts at fair value again as of the end of the current consolidated fiscal year and records the resulting amount as valuation gains or losses.」
For the long-term FX forward contracts related to the Imari power generation business, the company continues to apply the ordinary accounting treatment rather than hedge accounting, measuring the unsettled balance at fair value at period-end. - FY2024-Q3RestatedAnnual report
「Derivative valuation gains and losses represent the fair value measurement, at the end of each quarter, of the outstanding balance of unsettled foreign exchange forwards, which does not involve cash flows. Under the accounting treatment, the valuation gains and losses recognized at the end of the previous quarter are reversed during the current quarter, and the outstanding balance of unsettled foreign exchange forwards at the end of the current quarter is newly measured at fair value and recognized as valuation gains or losses.」
For the long-term FX forward contracts related to the Imari power generation business, the company continues to apply the ordinary accounting treatment rather than hedge accounting, measuring the unsettled balance at fair value at the end of each quarter. - FY2024-Q1First statedAnnual report
「We had been considering applying hedge accounting to the long-term foreign exchange forwards, but the general accounting treatment will be applied to these long-term foreign exchange forwards.」
The company states that the general accounting treatment, rather than the hedge accounting under consideration, will be applied to the long-term foreign exchange forwards.