Change to presentation of gains or losses on derivatives embedded in bonds as trading gains or losses
First written in FY2020-Q1. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020AchievedAnnual report
「From the current consolidated fiscal year, the method of presenting gains and losses on derivatives embedded in bonds issued by our group was changed. These amounts had previously been recorded as financial income and financial expenses, but are now presented as trading gains and losses.」
The accounting presentation classification for gains and losses on derivatives embedded in bonds was changed to trading gains and losses from the current consolidated fiscal year. - FY2020-Q1First statedAnnual report
「From the cumulative first quarter of the current fiscal year, the method of presenting gains and losses on derivatives embedded in bonds issued by our group was changed. These amounts had previously been recorded as financial income and financial expenses, but are now presented as trading gains and losses. The change was made to present the actual nature of our group's operating activities more appropriately, as the monetary significance of derivative transactions embedded in bonds issued by our group has increased with the diversification of our business model.」
The presentation classification for gains and losses on derivatives embedded in bonds was changed from financial income and financial expenses to trading gains and losses. The ¥410 million for the same period of the previous year was also reclassified and presented accordingly.