Change in Hedge Accounting Method for Foreign Exchange Forward Contracts
First written in FY2018-Q1. 4 of 5 entries say "Restated". Latest entry: FY2019.
5 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The Company uses deferred hedge accounting. Interest rate swaps are used as hedging instruments and borrowings as hedged items.」
The annual report also confirms the policy of using hedge accounting and interest rate swaps to mitigate interest rate risk. - FY2018RestatedAnnual report
「Following a review of its management framework for forward exchange contracts, the Company changed to the general method from the current consolidated fiscal year in order to present gains and losses on derivative transactions more accurately.」
The annual results also confirm the change in the hedge accounting method following a review of the management framework for forward exchange contracts. - FY2018-Q3RestatedAnnual report
「The Company had previously applied the allocation method to forward exchange contracts that met the requirements for that treatment. Following a review of its management framework for forward exchange contracts, it changed to the general method from the first quarter of the consolidated fiscal year in order to present gains and losses on derivative transactions more accurately.」
The change in the hedge accounting method following a review of the management framework for forward exchange contracts is being reiterated. - FY2018-Q2RestatedAnnual report
「The Company had previously applied the allocation method to forward exchange contracts that met the requirements for that treatment. Following a review of its management framework for forward exchange contracts, it changed to the general method from the first quarter of the consolidated fiscal year in order to present gains and losses on derivative transactions more accurately.」
The change in the hedge accounting method following a review of the management framework for forward exchange contracts is being reiterated. - FY2018-Q1First statedAnnual report
「We had previously applied the allocation method to foreign-exchange forwards that met the requirements for that treatment. Following a review of our management framework for foreign-exchange forwards, we changed to the general accounting method beginning with the first quarter consolidated accounting period in order to present gains and losses on derivative transactions more appropriately.」
The accounting policy for foreign-exchange forwards was changed from the allocation method to the general method following a review of the related management framework. The impact on profit or loss was immaterial.