Foreign exchange fluctuation risk associated with the translation of overseas subsidiaries’ financial statements
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 12 of 25 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Our Group has overseas consolidated subsidiaries in Vietnam and Myanmar. Because fluctuations in foreign exchange rates affect the yen-denominated amounts of the financial statements of overseas consolidated subsidiaries in the consolidated financial statements, significant exchange-rate fluctuations could adversely affect our Group's business and operating results.」
We continue to identify the risk of foreign exchange fluctuations associated with translating the financial statements of subsidiaries in Vietnam and Myanmar. - FY2021First statedAnnual report
「Our Group has overseas consolidated subsidiaries in Vietnam and Myanmar. Because fluctuations in foreign exchange rates affect the yen-denominated amounts of the financial statements of overseas consolidated subsidiaries in the consolidated financial statements, significant exchange-rate fluctuations could adversely affect our Group's business and operating results.」
This indicates the foreign exchange risk associated with the yen translation of overseas consolidated subsidiaries in Vietnam and Myanmar.