Change in Hedge Accounting Treatment
First written in FY2018-Q1. 6 of 7 entries say "Restated". Latest entry: FY2022.
5 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company applies the principle-based method to forward foreign exchange contracts, currency options and currency swap transactions.」
The principle-based method adopted following the review of the Company's hedging policies and other matters continues to be used. - FY2020RestatedAnnual report
「The Company applies the principle-based method to forward foreign exchange contracts, currency options and currency swap transactions.」
The principle-based method adopted following the review of the Company's hedging policies and other matters continues to be used in the annual consolidated financial statements. - FY2019RestatedAnnual report
「The Company applies the principle-based method to forward foreign exchange contracts, currency options and currency swap transactions.」
Following a review of its hedging policies and other matters, the accounting policy of applying the principle-based method continues to be used in the annual consolidated financial statements. - FY2018RestatedAnnual report
「The Company had previously applied deferred hedge accounting primarily and applied the allocation method to forward foreign exchange contracts, currency options and currency swaps when the requirements for that method were met. Following a review of its hedging policies and other matters, the Company changed to the principle-based method from the current consolidated fiscal year in order to more accurately reflect the status of foreign-currency-denominated monetary receivables and derivative transactions in its consolidated financial statements.」
The annual report also states that, following a review of its hedging policies and other matters, the Company applied the principle-based method from the current consolidated fiscal year. - FY2018-Q3RestatedAnnual report
「The Company had previously applied deferred hedge accounting primarily and applied the allocation method to forward foreign exchange contracts, currency options and currency swaps when the requirements for that method were met. Following a review of its hedging policies and other matters, the Company changed to the principle-based method from the first-quarter consolidated accounting period in order to more accurately reflect the status of foreign-currency-denominated monetary receivables and derivative transactions in its quarterly consolidated financial statements.」
The filing reiterates that the method of hedge accounting changed from the first-quarter consolidated accounting period. - FY2018-Q2RestatedAnnual report
「The Company had previously applied deferred hedge accounting primarily and applied the allocation method to forward foreign exchange contracts, currency options and currency swaps when the requirements for that method were met. Following a review of its hedging policies and other matters, the Company changed to the principle-based method from the first-quarter consolidated accounting period in order to more accurately reflect the status of foreign-currency-denominated monetary receivables and derivative transactions in its quarterly consolidated financial statements.」
The filing reiterates that the method of hedge accounting changed from the first-quarter consolidated accounting period. - FY2018-Q1First statedAnnual report
「The Company had previously applied deferred hedge accounting primarily and applied the allocation method to forward foreign exchange contracts, currency options and currency swaps when the requirements for that method were met. Following a review of its hedging policies and other matters, the Company changed to the principle-based method from the current first-quarter consolidated accounting period in order to more accurately reflect the status of foreign-currency-denominated monetary receivables and derivative transactions in its quarterly consolidated financial statements.」
Following a review of its hedging policies and other matters, the Company changed from deferred hedge accounting and other methods to the principle-based method. The company states that the impact on prior periods and the impact on profit or loss for the current quarter were immaterial.