Change to translating revenues and expenses of foreign subsidiaries and other overseas entities at average rates for the period
First written in FY2026-H1. 1 of 3 entries say "Restated". Latest entry: FY2026.
4 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「Revenue and expenses of overseas subsidiaries and other entities were previously translated into yen using the spot exchange rate on the reporting date of the relevant overseas subsidiary or other entity. From the current consolidated fiscal year, the company has changed to a method of translating them using the average exchange rate for the period.」
The company changed its accounting policy to translate revenue and expenses of overseas subsidiaries and other entities using the average exchange rate for the period and applied the change retrospectively to the previous fiscal year. The purpose is to mitigate the impact of exchange-rate fluctuations on period results and more appropriately reflect the performance of the overseas business. - 2026-05-11RestatedEarnings
「This change was made because, amid significant recent foreign-exchange volatility, the sales and earnings of overseas subsidiaries and other entities are expected to become increasingly important as our group's overseas business, centered on the United States, expands under the new Medium-Term Management Plan, Medium-Term Vision 2027, which began in fiscal 2025. The change is intended to mitigate the impact of temporary exchange-rate fluctuations on period income and to reflect the performance of overseas subsidiaries and other entities more appropriately in the consolidated financial statements.」
The company explained in its annual results the reasons and objectives for changing the translation method for the revenue and expenses of overseas subsidiaries and other entities in response to the expansion of its overseas business. - FY2026-H1First statedAnnual report
「Revenue and expenses of overseas subsidiaries and other entities were previously translated into yen using the spot exchange rate on the reporting date of the relevant overseas subsidiary or other entity. From the current interim consolidated accounting period, the company has changed to a method of translating them using the average exchange rate for the period.」
The company changed the method of translating revenue and expenses of overseas subsidiaries and other entities because of the increasing importance of its overseas business and to mitigate the impact of temporary exchange-rate fluctuations on period results, and applied the change retrospectively to the previous interim period and previous fiscal year.