Change in Method for Translating Revenue and Expenses of Foreign Consolidated Subsidiaries
First written in FY2018-Q1. 7 of 8 entries say "Restated". Latest entry: FY2021.
20 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The assets and liabilities of overseas subsidiaries are translated into yen at the spot exchange rate on the consolidated reporting date, while revenues and expenses are translated at the average exchange rate during the period. Translation differences are recorded as foreign currency translation adjustments in net assets.」
The accounting policy of translating the revenues and expenses of overseas subsidiaries at the average exchange rate during the period continues to be applied. - FY2020RestatedAnnual report
「The assets and liabilities of overseas subsidiaries are translated into yen at the spot exchange rate on the consolidated reporting date, while revenues and expenses are translated at the average exchange rate during the period. Translation differences are recorded as foreign currency translation adjustments in net assets.」
The accounting policy of translating the revenues and expenses of overseas consolidated subsidiaries at the average exchange rate during the period continues to be applied. - FY2020-Q2RestatedAnnual report
「We have applied the revenue recognition accounting standards and other relevant standards from the beginning of the first quarter consolidated accounting period, and now recognize revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The revenue recognition accounting standards and other relevant standards introduced in the first quarter continue to be applied, with revenue recognized separately for product sales and free maintenance services and other performance obligations. - FY2019RestatedAnnual report
「Previously, the revenues and expenses of overseas consolidated subsidiaries were translated into yen at the spot exchange rate on each subsidiary's reporting date. From the 56th consolidated fiscal year, we have changed to a method that translates them at the average exchange rate during the period.」
The accounting policy of translating the revenues and expenses of overseas consolidated subsidiaries at the average exchange rate during the period continues to be applied. - FY2018RestatedAnnual report
「Previously, the revenues and expenses of overseas consolidated subsidiaries were translated into yen at the spot exchange rate on each subsidiary's reporting date. From the current consolidated fiscal year, we have changed to a method that translates them at the average exchange rate during the period.」
The translation of revenues and expenses of overseas consolidated subsidiaries at the average exchange rate during the period, introduced in the first quarter, continues to be applied as the accounting policy for the fiscal year. - FY2018-Q3RestatedAnnual report
「Revenue and expenses of overseas consolidated subsidiaries were previously translated into yen using the spot exchange rate at each subsidiary's balance sheet date. From the first quarter of the current fiscal year, we changed the method to use the average exchange rate for the period.」
The change introduced in the first quarter to the method for translating the revenues and expenses of overseas consolidated subsidiaries continues to be disclosed as an accounting policy. - FY2018-Q2RestatedAnnual report
「Revenue and expenses of overseas consolidated subsidiaries were previously translated into yen using the spot exchange rate at each subsidiary's balance sheet date. From the first quarter of the current fiscal year, we changed the method to use the average exchange rate for the period.」
The change introduced in the first quarter to the method for translating the revenues and expenses of overseas consolidated subsidiaries continues to be disclosed as an accounting policy. - FY2018-Q1First statedAnnual report
「Revenue and expenses of overseas consolidated subsidiaries were previously translated into yen using the spot exchange rate at each subsidiary's balance sheet date. From the first quarter of the current fiscal year, we changed the method to use the average exchange rate for the period. This change was made because the significance of overseas consolidated subsidiaries has increased, in order to smooth the impact of temporary exchange-rate fluctuations on profit or loss for the period and more appropriately reflect profit or loss arising throughout the accounting period in the consolidated financial statements.」
The translation method for revenue and expenses of overseas consolidated subsidiaries was changed from the spot rate at the balance sheet date to the average rate for the period, and the change was applied retrospectively.