Foreign exchange movements related to imports by overseas subsidiaries
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2022: 43 of 76 companies on the "Worse" side.
38 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The consolidated overseas subsidiaries have no credit risk because they have no customers other than our company, but they are exposed to foreign exchange risk arising from imports of raw materials and other items. This risk is offset because the balance of accounts payable is within the balance of foreign-currency-denominated deposits.」
The company has reconfirmed the foreign exchange risk associated with imports by overseas subsidiaries and its mitigation through the offsetting of foreign-currency-denominated deposits against accounts payable. - FY2021RestatedAnnual report
「This risk is offset because the balance of accounts payable is within the balance of foreign-currency-denominated deposits.」
The company has reconfirmed the mitigation of foreign exchange risk associated with imports by overseas subsidiaries through the offsetting of foreign-currency-denominated deposits against accounts payable. - FY2018MitigatedAnnual report
「The consolidated overseas subsidiaries have no credit risk because they have no customers other than our company, but they are exposed to foreign exchange risk arising from imports of raw materials and other items. This risk is offset because the balance of accounts payable is within the balance of foreign-currency-denominated deposits.」
The company states that the foreign exchange risk associated with imports by overseas subsidiaries has been mitigated by offsetting foreign-currency-denominated deposits against accounts payable. - FY2017RestatedAnnual report
「The consolidated overseas subsidiaries have no credit risk because they have no customers other than our company, but they are exposed to foreign exchange risk arising from imports of raw materials and other items.」
The foreign exchange risk associated with imports by overseas subsidiaries has been reiterated in the notes to the financial instruments. - FY2016First statedAnnual report
「The consolidated overseas subsidiaries have no credit risk because they have no customers other than our company, but they are exposed to foreign exchange risk arising from imports of raw materials and other items.」
The company describes the foreign exchange risk associated with raw material imports by its Chinese subsidiary.