Discontinuation of Hedge Accounting and Allocation of Valuation Differences on Forward Exchange Contracts to Profit or Loss
First written in FY2019. 1 of 3 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2020.
2 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Company has discontinued the application of hedge accounting from 1 April 2019. Accordingly, after measuring the forward exchange contracts at fair value, the valuation difference as of the date hedge accounting is discontinued is recognized as deferred hedge gains or losses. The valuation difference is allocated to profit or loss as an adjustment to cost of sales over the period until settlement of the forecast foreign-currency-denominated import transactions designated as the hedged items.」
The discontinuation of hedge accounting from 1 April 2019 and the allocation of the valuation difference to cost of sales have been confirmed for the full fiscal year. - FY2020-Q1AchievedAnnual report
「The Company has discontinued the application of hedge accounting from 1 April 2019. Accordingly, after measuring the forward exchange contracts at fair value, the valuation difference as of the date hedge accounting is discontinued is recognized as deferred hedge gains or losses. The valuation difference is allocated to profit or loss as an adjustment to cost of sales over the period until settlement of the forecast foreign-currency-denominated import transactions designated as the hedged items.」
The Company implemented the planned discontinuation of hedge accounting from 1 April 2019 and began allocating the valuation difference to cost of sales until settlement of the forecast foreign-currency-denominated import transactions. - FY2019First statedAnnual report
「The Company will discontinue the application of hedge accounting from 1 April 2019. Accordingly, after measuring the forward exchange contracts at fair value, the valuation difference as of the date hedge accounting is discontinued will be recognized as deferred hedge gains or losses. The valuation difference will be allocated to profit or loss as an adjustment to cost of sales over the period until settlement of the forecast foreign-currency-denominated import transactions designated as the hedged items.」
The Company plans to discontinue hedge accounting for forward exchange contracts from 1 April 2019 and allocate the valuation difference as of the discontinuation date to cost of sales until settlement of the hedged transactions.