Discontinuation of Designation Treatment for Forward Exchange Contracts and Change to Fair-Value Measurement
First written in FY2025-H1. 1 of 2 entries say "Advanced", first in FY2025. Latest entry: FY2025.
0 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Previously, we applied the allocation method to foreign exchange forwards and other instruments that met the requirements for that method. From the current consolidated fiscal year, however, we discontinued its use and changed to the general accounting treatment, namely, measuring the instruments at fair value at the end of the period and recognizing the resulting valuation differences in profit or loss.」
Following the renewal of the accounting system and a review of administrative and operational methods, the company discontinued the allocation method for foreign exchange forwards and other instruments and began applying fair value measurement at period-end, with valuation differences recognized in profit or loss, from the current fiscal year. - FY2025-H1First statedAnnual report
「Previously, we applied the allocation method to foreign exchange forwards and other instruments that met the requirements for that method. From the current interim consolidated accounting period, however, we discontinued its use and changed to the general accounting treatment, namely, measuring the instruments at fair value at the end of the period and recognizing the resulting valuation differences in profit or loss.」
Against the background of the renewal of the accounting system and a review of administrative and operational methods, the company discontinued the allocation method for foreign exchange forwards and other instruments and changed its accounting policy to fair value measurement at period-end, with valuation differences recognized in profit or loss. As the impact on prior periods was immaterial, the change was not applied retrospectively.