Translation of Foreign Subsidiaries' Revenue and Expenses at Average Exchange Rates During the Period
First written in FY2017-Q1. 4 of 5 entries say "Restated". Latest entry: FY2019.
20 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「Assets and liabilities of overseas consolidated subsidiaries and other entities are translated into yen using the spot exchange rate on the consolidated reporting date, while revenue and expenses are translated into yen using the average exchange rate during the period」
Continues to apply the accounting policy of translating overseas subsidiaries’ revenue and expenses using the average exchange rate during the period. - FY2017RestatedAnnual report
「Revenue and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the reporting date of each overseas subsidiary, but from the current consolidated fiscal year we have changed the translation method to use the average exchange rate during the period.」
Continues to disclose in the annual report the accounting policy of translating overseas subsidiaries’ revenue and expenses using the average exchange rate during the period. - FY2017-Q3RestatedAnnual report
「Revenue and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the reporting date of each overseas subsidiary. However, as the importance of overseas sales and other items at overseas subsidiaries is expected to increase further, we have changed the translation method from the spot exchange rate on the reporting date to the average exchange rate during the period from the first quarter of the current consolidated fiscal year, in order to mitigate the effect of temporary exchange rate fluctuations on period earnings and more appropriately reflect the performance of overseas subsidiaries in the consolidated financial statements.」
Continues to disclose the accounting policy of translating overseas subsidiaries’ revenue and expenses using the average exchange rate during the period. - FY2017-Q2RestatedAnnual report
「Revenue and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the reporting date of each overseas subsidiary. However, as the importance of overseas sales and other items at overseas subsidiaries is expected to increase further, we have changed the translation method from the spot exchange rate on the reporting date to the average exchange rate during the period from the first quarter of the current consolidated fiscal year, in order to mitigate the effect of temporary exchange rate fluctuations on period earnings and more appropriately reflect the performance of overseas subsidiaries in the consolidated financial statements.」
Continues to disclose in the second-quarter notes the accounting policy of translating overseas subsidiaries’ revenue and expenses using the average exchange rate during the period. - FY2017-Q1First statedAnnual report
「Revenue and expenses of overseas subsidiaries were previously translated into yen using the spot exchange rate on the reporting date of each overseas subsidiary. However, as the importance of overseas sales and other items at overseas subsidiaries is expected to increase further, we have changed the translation method from the spot exchange rate on the reporting date to the average exchange rate during the period from the first quarter of the current consolidated fiscal year, in order to mitigate the effect of temporary exchange rate fluctuations on period earnings and more appropriately reflect the performance of overseas subsidiaries in the consolidated financial statements.」
For the first time, discloses the change in the accounting policy for translating overseas subsidiaries’ revenue and expenses from the spot exchange rate on the reporting date to the average exchange rate during the period.