Foreign Exchange Risk Relating to an Australian Consolidated Subsidiary
First written in FY2021. 4 of 7 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2019: 16 of 27 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It was stated that there had been no new occurrence or material change regarding the foreign exchange risk relating to the Australian and United States consolidated subsidiaries. - FY2024RestatedAnnual report
「The Group has consolidated subsidiaries in Australia and the United States. Since their sales, expenses, assets and liabilities are translated into yen for the preparation of the Company's consolidated financial statements, fluctuations in foreign exchange rates may affect the Group's results. In addition, as described above, the lodging business primarily targets lodging demand from foreign tourists visiting Japan. If foreign exchange fluctuations cause consumer sentiment toward travel to Japan to deteriorate, the Group's results may be affected.」
In addition to translating the Australian and United States subsidiaries' figures into yen, the impact of foreign exchange fluctuations on demand for travel to Japan continues to be disclosed as a foreign exchange risk. - FY2024-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
It was stated that there had been no new occurrence or material change regarding the foreign exchange risk relating to the Australian consolidated subsidiary. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no new occurrence or material change regarding the foreign exchange risk relating to the Australian consolidated subsidiary. - FY2023-Q2WorsenedAnnual report
「In addition, upon completion of the liquidation, a loss is expected to be recognized from the reversal of the foreign currency translation adjustment relating to the investment in the company. The foreign currency translation adjustment relating to the company was ¥1,207 million at the end of the second quarter of the current consolidated fiscal year, comprising a foreign exchange loss, but will fluctuate depending on future exchange rates.」
In connection with the liquidation of Cosmos Australia Pty Ltd, the expected recognition of a ¥1,207 million loss relating to the foreign currency translation adjustment became more specific, indicating that the foreign exchange risk associated with the Australian subsidiary was becoming more pronounced. - FY2022WorsenedAnnual report
「The Group has consolidated subsidiaries in Australia and the United States. Since their sales, expenses, assets and liabilities are translated into yen for the preparation of the Company's consolidated financial statements, fluctuations in foreign exchange rates may affect the Group's results.」
The United States consolidated subsidiary was explicitly added to the scope of foreign exchange risk alongside the existing Australian subsidiary, expanding the regions covered. - FY2021First statedAnnual report
「The Group has a consolidated subsidiary in Australia. Since the subsidiary's sales, expenses, assets and liabilities are translated into yen for the preparation of the Company's consolidated financial statements, fluctuations in foreign exchange rates may affect the Group's results.」
The foreign exchange risk associated with translating the Australian consolidated subsidiary's financial figures into yen was disclosed separately.