Translation of Overseas Subsidiaries’ Revenue and Expenses Using Average Exchange Rates for the Period
First written in FY2018-Q1. 6 of 7 entries say "Restated". Latest entry: FY2022.
20 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The revenues and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the balance-sheet date, but from the 122nd fiscal period, the company has changed to a method using the average exchange rate during the period.」
Continues to apply the accounting policy of translating overseas subsidiaries’ revenue and expenses using the average exchange rate during the period. - FY2020RestatedAnnual report
「The revenues and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the balance-sheet date, but from the 122nd fiscal period, the company has changed to a method using the average exchange rate during the period.」
The accounting policy of translating income and expenses of overseas subsidiaries at the average exchange rate for the period continues to be applied. - FY2019RestatedAnnual report
「The revenues and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the balance-sheet date, but from the current consolidated fiscal year, the company has changed to a method using the average exchange rate during the period.」
The accounting policy of translating income and expenses of overseas subsidiaries at the average exchange rate for the period continues to be applied. - FY2018RestatedAnnual report
「The revenues and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the balance-sheet date, but from the current consolidated fiscal year, the company has changed to a method using the average exchange rate during the period.」
The accounting policy of translating income and expenses of overseas subsidiaries at the average exchange rate for the period continues to be applied. - FY2018-Q3RestatedAnnual report
「The revenues and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the balance-sheet date, but from the first quarter of the consolidated fiscal year, the company has changed to a method using the average exchange rate during the period.」
The accounting policy of translating income and expenses of overseas subsidiaries at the average exchange rate for the period continues to be applied. - FY2018-Q2RestatedAnnual report
「The revenues and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the balance-sheet date, but from the first quarter of the consolidated fiscal year, the company has changed to a method using the average exchange rate during the period.」
The company continues to apply the accounting policy of translating the revenues and expenses of overseas subsidiaries using the average exchange rate during the period, with retrospective application to prior-year figures as well. - FY2018-Q1First statedAnnual report
「The revenues and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the balance-sheet date, but from the current first quarter of the consolidated fiscal year, the company has changed to a method using the average exchange rate during the period.」
The company has changed its translation method to reflect the increasing significance of overseas subsidiaries' profit and loss in the consolidated financial statements and mitigate the impact of temporary exchange-rate fluctuations on period results.