Change in Method for Translating Revenues and Expenses of Overseas Subsidiaries Associated with the Expansion of Overseas Operations
First written in FY2024-Q1. 2 of 3 entries say "Restated". Latest entry: FY2024-Q3.
14 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Previously, the revenues and expenses of overseas subsidiaries and similar entities were translated into yen using the spot exchange rate on the respective entity's settlement date. From the first-quarter consolidated accounting period, the method was changed to use the average exchange rate for the period.」
Against the backdrop of overseas business expansion, primarily in Brazil and the United States, the accounting policy of translating the revenues and expenses of overseas subsidiaries and similar entities at the average exchange rate for the period continues to be applied. - FY2024-Q2RestatedAnnual report
「Previously, the revenues and expenses of overseas subsidiaries and similar entities were translated into yen using the spot exchange rate on the respective entity's settlement date. From the first-quarter consolidated accounting period, the method was changed to use the average exchange rate for the period.」
Against the backdrop of overseas business expansion, primarily in Brazil and the United States, the accounting policy of translating the revenues and expenses of overseas subsidiaries and similar entities at the average exchange rate for the period continues to be applied. - FY2024-Q1First statedAnnual report
「Previously, the revenues and expenses of overseas subsidiaries and similar entities were translated into yen using the spot exchange rate on the respective entity's settlement date. From the first-quarter consolidated accounting period, the method was changed to use the average exchange rate for the period.」
In light of the expansion of overseas operations, primarily in Brazil and the United States, the accounting policy of translating the revenues and expenses of overseas subsidiaries and similar entities at the average exchange rate for the period was applied from the first quarter.