Foreign Exchange Risk Associated with the Translation of Overseas Offices’ Financial Statements
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 12 of 25 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group has production bases in Thailand, China and India, but because it mainly manufactures and sells locally, foreign-exchange risk associated with imports and exports is minor. However, the financial statements of overseas operations denominated in local currencies are translated into yen when the consolidated financial statements are prepared, which may affect their value after translation into yen.」
Even after the liquidation of its North American operations, the Company continues to disclose foreign-exchange risk associated with translating the financial statements of its operations in Thailand, China and India. - FY2021RestatedAnnual report
「To hedge foreign-exchange risk, the Company uses derivative transactions for some borrowings.」
The Company continues to disclose the foreign-exchange risk associated with translating overseas financial statements into yen and the use of derivative hedges for some borrowings. - FY2020First statedAnnual report
「The Group has production bases in Thailand, China, India and the United States, but because it mainly manufactures and sells locally, foreign-exchange risk associated with imports and exports is minor. However, the financial statements of overseas operations denominated in local currencies are translated into yen when the consolidated financial statements are prepared, which may affect their value after translation into yen. To hedge foreign-exchange risk, the Group uses derivative transactions for some borrowings.」
While foreign-exchange risk associated with imports and exports is considered minor, the Company identified the impact of translating the financial statements of overseas operations into yen as a risk and hedges some borrowings through derivative transactions.