Translation of overseas subsidiaries’ revenue and expenses at average exchange rates for the period
First written in FY2020-Q1. 4 of 5 entries say "Restated". Latest entry: FY2022.
20 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Assets and liabilities of overseas subsidiaries and other entities are translated into yen using the spot exchange rate at the balance sheet date, while revenue and expenses are translated into yen using the average exchange rate for the period.」
The company reconfirms its accounting policy of translating revenue and expenses of overseas subsidiaries using the average exchange rate for the period. - FY2020RestatedAnnual report
「Revenue and expenses of overseas subsidiaries had previously been translated into yen using the spot exchange rate at the balance sheet date, but from the current consolidated fiscal year the company changed to a method that uses the average exchange rate for the period.」
The company reconfirms its accounting policy of translating the profit or loss of overseas subsidiaries using the average exchange rate for the period. - FY2020-Q3RestatedAnnual report
「Revenue and expenses of overseas subsidiaries had previously been translated into yen using the spot exchange rate at the balance sheet date, but from the first quarter of the current consolidated fiscal year the company changed to a method that uses the average exchange rate for the period. This change was made because the significance of the profit or loss of overseas subsidiaries within the group had increased and was expected to remain significant, in order to smooth the impact of temporary exchange-rate fluctuations on profit or loss for the period and more appropriately reflect profit or loss arising throughout the accounting period in the consolidated financial statements.」
Against the backdrop of the increased significance of overseas subsidiaries’ profit or loss, the company reconfirms the change in the translation method for revenue and expenses from the spot exchange rate at the balance sheet date to the average exchange rate for the period. - FY2020-Q2RestatedAnnual report
「Revenue and expenses of overseas subsidiaries had previously been translated into yen using the spot exchange rate at the balance sheet date, but from the first quarter of the current consolidated fiscal year the company changed to a method that uses the average exchange rate for the period. This change was made because the significance of the profit or loss of overseas subsidiaries within the group had increased and was expected to remain significant, in order to smooth the impact of temporary exchange-rate fluctuations on profit or loss for the period and more appropriately reflect profit or loss arising throughout the accounting period in the consolidated financial statements.」
Against the backdrop of the increased significance of overseas subsidiaries’ profit or loss, the company reconfirms the change in the translation method for revenue and expenses from the spot exchange rate at the balance sheet date to the average exchange rate for the period. - FY2020-Q1First statedAnnual report
「Revenue and expenses of overseas subsidiaries had previously been translated into yen using the spot exchange rate at the balance sheet date, but from the first quarter of the current consolidated fiscal year the company changed to a method that uses the average exchange rate for the period. This change was made because the significance of the profit or loss of overseas subsidiaries within the group had increased and was expected to remain significant, in order to smooth the impact of temporary exchange-rate fluctuations on profit or loss for the period and more appropriately reflect profit or loss arising throughout the accounting period in the consolidated financial statements.」
Against the backdrop of the increased significance of overseas subsidiaries’ profit or loss, the company changed the translation method for revenue and expenses from the spot exchange rate at the balance sheet date to the average exchange rate for the period from FY2020-Q1.