Foreign Exchange Fluctuation Risk Associated with Overseas Subsidiaries and Foreign-Currency Translation
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 12 of 25 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company’s policy for addressing foreign-exchange risk is to enter into forward exchange contracts for hedging purposes when material foreign-currency transactions arise.」
The foreign-exchange risk associated with translating overseas subsidiaries’ financial statements and foreign-currency transactions into yen, together with the policy of using forward exchange contracts for material transactions, is being reconfirmed. - FY2023RestatedAnnual report
「The Company’s policy for addressing foreign-exchange risk is to enter into forward exchange contracts for hedging purposes when material foreign-currency transactions arise.」
The foreign-exchange risk associated with translating overseas financial statements and foreign-currency transactions into yen, together with the policy of using forward exchange contracts for material transactions, is being reconfirmed. - FY2021ReframedAnnual report
「The Group has overseas subsidiaries that prepare financial statements denominated in foreign currencies. The Company and its overseas subsidiaries also conduct transactions denominated in foreign currencies and are affected by exchange-rate fluctuations when these transactions are translated into yen. The Company’s policy for addressing foreign-exchange risk is to enter into forward exchange contracts for hedging purposes when material foreign-currency transactions arise.」
In addition to the existing risk associated with translating overseas financial statements into yen, the scope now includes foreign-currency transactions of the Company and its overseas subsidiaries, with a policy explicitly stated of entering into forward exchange contracts for material transactions. - FY2018RestatedAnnual report
「In preparing the consolidated financial statements, losses may arise from fluctuations in exchange rates when these financial statements are translated into Japanese yen.」
The foreign-exchange risk associated with translating the foreign-currency financial statements of overseas subsidiaries into yen is being reconfirmed. - FY2017First statedAnnual report
「The Group has overseas subsidiaries that prepare financial statements denominated in foreign currencies. In preparing the consolidated financial statements, losses may arise from fluctuations in exchange rates when these financial statements are translated into Japanese yen.」
The risk of losses arising from exchange-rate fluctuations when translating the foreign-currency financial statements of overseas subsidiaries into yen is newly disclosed as a risk.