Hakuto (7433) · PolicyRestated
Translation of overseas subsidiaries’ income and expenses at average exchange rates during the period
First written in FY2019-Q1. 2 of 3 entries say "Restated". Latest entry: FY2024.
3entries
7years
0from disclosures
How it moved
Same theme, other companies
Change in Foreign Subsidiary Revenue and Expense Translation MethodA theme 25 companies write about · 0 as a headwind · 7 as a tailwind
20 other companies' latest entry also says "Restated".
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Showing 14 of the 25 companies compared. The sentences above are computed from all 25.Full recordFilings, disclosures and news, newest first
- FY2024RestatedAnnual report
「なお、在外子会社等の資産及び負債は、決算日の直物為替相場により円貨に換算し、収益及び費用は期中平均相場により円貨に換算し、換算差額は純資産の部における為替換算調整勘定に含めております。」
The accounting policy of translating the revenues and expenses of overseas subsidiaries at the average exchange rate during the period continues to be applied. - FY2019-Q2RestatedAnnual report
「在外子会社の収益及び費用については、従来、決算日の直物為替相場により円貨に換算しておりましたが、第１四半期連結会計期間より期中平均相場により円貨に換算する方法に変更しております。」
在外子会社の収益・費用を期中平均相場で換算する会計方針を第１四半期から継続適用している。 - FY2019-Q1First statedAnnual report
「Previously, income and expenses of overseas subsidiaries were translated into yen using the spot exchange rate at the fiscal year-end. From the first quarter of the current fiscal year, we have changed to a method using the average exchange rate during the period.」
Because the significance of overseas subsidiaries increased, the Company changed the translation method for income and expenses from the fiscal year-end spot rate to the average rate during the period. The policy is intended to smooth the effect of temporary exchange-rate movements and better reflect income and expenses over the accounting period.