Change in the Allocation-Method Accounting Treatment for Foreign Exchange Forward Contracts Prompted by Core System Renewal
First written in FY2024-Q3. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
0 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「From the third quarter of the consolidated fiscal year, the Company changed from allocation treatment to the general accounting method without applying allocation treatment.」
The change in accounting treatment for foreign exchange forwards prompted by the renewal of the core system was implemented from the third quarter and reflected in the full-year financial statements. - FY2024-Q3First statedAnnual report
「The Company had previously applied hedge accounting by allocation to foreign-currency-denominated monetary receivables and payables with foreign exchange forwards when the requirements for such treatment were met. From the third quarter of the consolidated fiscal year, however, it changed from allocation treatment to the general accounting method. This change was made while renewing the core system, in order to review the management framework for foreign exchange forwards and more appropriately reflect the status of derivative transactions in the consolidated financial statements.」
From the third quarter of the consolidated fiscal year, the accounting treatment for foreign-currency-denominated monetary receivables and payables with foreign exchange forwards changed from allocation treatment to the general accounting method. The change was prompted by the renewal of the core system and a review of the management framework; its impact was immaterial and no retrospective application was made.