Division 4 Conversion of Transactions in a Foreign Currency
第四目 外貨建取引の換算等
Article 61-8Conversion of Transactions in a Foreign Currency
第六十一条の八（外貨建取引の換算）
In the case where a domestic corporation has conducted transactions in a foreign currency (meaning the buying and selling of assets, provision of services, lending and borrowing of monies, payments of dividend of surplus or other transactions whose payment is made in a foreign currency; hereinafter the same applies in this Division), the amount in Japanese yen (meaning the amount of that foreign currency converted into Japanese yen; hereinafter the same applies in this Division) of the transactions in a foreign currency is to be the amount converted at the foreign exchange rate as of the time when the transactions in a foreign currency were conducted.
内国法人が外貨建取引（外国通貨で支払が行われる資産の販売及び購入、役務の提供、金銭の貸付け及び借入れ、剰余金の配当その他の取引をいう。以下この目において同じ。）を行つた場合には、当該外貨建取引の金額の円換算額（外国通貨で表示された金額を本邦通貨表示の金額に換算した金額をいう。以下この目において同じ。）は、当該外貨建取引を行つた時における外国為替の売買相場により換算した金額とする。
In the case where a domestic corporation has determined the amount in Japanese yen of the assets or liabilities that have been acquired or have arisen from transactions in a foreign currency (excluding the acquisition and transfer of commodities, etc. for short-term trading as prescribed in Article 61, paragraph (3) (Capital Gains or Losses and Gains or Losses on the Fair Valuation of Commodities, etc. for Short-Term Trading) or securities for buying and selling as prescribed in Article 61-3, paragraph (1), item (i) (Inclusion of Valuation Gains or Losses on Securities for Buying and Selling in Gross Profits or Deductible Expenses); the same applies in the following paragraph) under a foreign exchange futures contract, etc. (meaning a contract as specified by Ministry of Finance Order to be a contract which determines the amount in Japanese yen of the assets or liabilities to be acquired or which will arise from transactions in a foreign currency; hereinafter the same applies in this Division), when the domestic corporation stated, in books and documents, to the effect, as specified by Ministry of Finance Order, as of the day on which the foreign exchange futures contract, etc. was concluded, the amount in Japanese yen of the assets or liabilities is to be the amount converted pursuant to the provisions of the preceding paragraph.
内国法人が先物外国為替契約等（外貨建取引によつて取得し、又は発生する資産又は負債の金額の円換算額を確定させる契約として財務省令で定めるものをいう。以下この目において同じ。）により外貨建取引（第六十一条第三項（短期売買商品等の譲渡損益及び時価評価損益）に規定する短期売買商品等又は第六十一条の三第一項第一号（売買目的有価証券の評価益又は評価損の益金又は損金算入等）に規定する売買目的有価証券の取得及び譲渡を除く。次項において同じ。）によつて取得し、又は発生する資産又は負債の金額の円換算額を確定させた場合において、当該先物外国為替契約等の締結の日においてその旨を財務省令で定めるところにより帳簿書類に記載したときは、当該資産又は負債については、当該円換算額をもつて、前項の規定により換算した金額とする。
In the case where a domestic corporation has received, as a result of a qualified merger, etc., from an acquired corporation, etc., the transfer of a foreign exchange futures contract, etc. that the acquired corporation, etc. concluded so as to determine the amount in Japanese yen of the assets or liabilities to be acquired or which will arise from transactions in a foreign currency, and has come to conduct the transactions in a foreign currency (limited to transactions causing the acquisition or occurrence of the assets or liabilities whose amount in Japanese yen is to be determined under the foreign exchange futures contract, etc.) as a result of the qualified merger, etc., when the acquired corporation, etc. stated, in books and documents, to the effect prescribed in the preceding paragraph, regarding the foreign exchange futures contract, etc., as specified by Ministry of Finance Order as prescribed in the paragraph, as of the day on which the contract, etc. was concluded, with regard to the application of the provisions of this Article in each business year on or after the business year containing the date of the qualified merger, etc., it is deemed that the domestic corporation has concluded the foreign exchange futures contract, etc. and has made the entry so as to determine the amount in Japanese yen of the assets or liabilities.
内国法人が、適格合併等により被合併法人等から外貨建取引によつて取得し、又は発生する資産又は負債の金額の円換算額を確定させるために当該被合併法人等が行つた先物外国為替契約等の移転を受け、かつ、当該適格合併等により当該外貨建取引（当該先物外国為替契約等によりその金額の円換算額を確定させようとする当該資産又は負債の取得又は発生の基因となるものに限る。）を当該内国法人が行うこととなつた場合において、当該被合併法人等が当該先物外国為替契約等につきその締結の日において前項に規定する旨を同項に規定する財務省令で定めるところにより帳簿書類に記載していたときは、当該適格合併等の日の属する事業年度以後の各事業年度におけるこの条の規定の適用については、当該内国法人が当該資産又は負債の金額の円換算額を確定させるために当該先物外国為替契約等を締結し、かつ、当該記載をしていたものとみなす。
Necessary matters concerning the application of the provisions of the preceding three paragraphs are specified by Cabinet Order.
前三項の規定の適用に関し必要な事項は、政令で定める。
第六十一条の九（外貨建資産等の期末換算差益又は期末換算差損の益金又は損金算入等）
In the case where a domestic corporation holds the following assets and liabilities (hereinafter referred to as "assets, etc. in a foreign currency" in this Division) as of the end of a business year, the amount in Japanese yen of the assets, etc. in a foreign currency as of the time is to be the amount converted by the method specified in the following items in accordance with the category of the assets, etc. in a foreign currency (with regard to the assets, etc. in a foreign currency listed in item (i), item (ii)(b), and item (iii), by a method that the domestic corporation selected from those prescribed in these provisions, and when the domestic corporation had not selected any method, by a method from those prescribed in these provisions that is specified by Cabinet Order):
claims in a foreign currency (meaning monetary claims to be paid in a foreign currency) and debts in a foreign currency (meaning monetary debts to be paid in a foreign currency):The method listed in (a) or (b)
外貨建債権（外国通貨で支払を受けるべきこととされている金銭債権をいう。）及び外貨建債務（外国通貨で支払を行うべきこととされている金銭債務をいう。） イ又はロに掲げる方法
Conversion method on an accrual basis (meaning a method to convert the amount of assets, etc. in a foreign currency held as of the end of a business year (hereinafter referred to as "at the end of the period" in this item) at the foreign exchange rate used for converting the amount of transactions in a foreign currency that caused the acquisition or occurrence of the assets, etc. in a foreign currency into Japanese yen pursuant to the provisions of paragraph (1) of the preceding Article and deem the converted amount (with regard to the portion of the assets, etc. in a foreign currency to which the provisions of paragraph (2) of the Article applied upon converting the amount of transactions in a foreign currency that caused the acquisition or occurrence thereof into Japanese yen, the amount in Japanese yen determined under a foreign exchange futures contract, etc.) to be the amount in Japanese yen of the assets, etc. in a foreign currency as of the end of the period; the same applies in the following item and item (iii))
Conversion method at the current exchange rate (meaning a method to convert the amount of assets, etc. in a foreign currency held at the end of the period at the foreign exchange rate prevailing at the end of the period and deem the converted amount (with regard to the portion of the assets, etc. in a foreign currency to which the provisions of paragraph (2) of the preceding Article applied upon converting the amount of transactions in a foreign currency that caused the acquisition or occurrence thereof into Japanese yen, the amount in Japanese yen determined under a foreign exchange futures contract, etc.) to be the amount in Japanese yen of the assets, etc. in a foreign currency at the end of the period; the same applies in this Article)
securities in a foreign currency (meaning the securities specified by Ordinance of the Ministry of Finance to be securities to be redeemed, refunded, and otherwise similarly disposed of in a foreign currency): The method specified as follows in accordance with the category of the following securities:
外貨建有価証券（償還、払戻しその他これらに準ずるものが外国通貨で行われる有価証券として財務省令で定めるものをいう。） 次に掲げる有価証券の区分に応じそれぞれ次に定める方法
Securities for buying and selling as prescribed in Article 61-3, paragraph (1), item (i) (Inclusion of Valuation Gains or Losses on Securities for Buying and Selling in Gross Profits or Deductible Expenses):Conversion method at the current exchange rate
第六十一条の三第一項第一号（売買目的有価証券の評価益又は評価損の益金又は損金算入等）に規定する売買目的有価証券 期末時換算法
Securities not for buying and selling as prescribed in Article 61-3, paragraph (1), item (ii) (limited to those with provisions concerning a redemption date and redemption price):Conversion method on an accrual basis or conversion method at the current exchange rate
第六十一条の三第一項第二号に規定する売買目的外有価証券（償還期限及び償還金額の定めのあるものに限る。） 発生時換算法又は期末時換算法
Securities other than those listed in (a) and (b):Conversion method on an accrual basis
deposits in a foreign currency:Conversion method on an accrual basis or conversion method at the current exchange rate
foreign currency:Conversion method at the current exchange rate
外国通貨 期末時換算法
In the case where a domestic corporation holds assets, etc. in a foreign currency (limited to those whose amount is converted into the amount in Japanese yen by the conversion method at the current exchange rate; hereinafter the same applies in this paragraph) as of the end of a business year, the amount equivalent to the difference between the amount of the assets, etc. in a foreign currency that is converted into Japanese yen by the conversion method at the current exchange rate and their book value as of the time (referred to as the "foreign exchange conversion difference" in the following paragraph) is included in gross profits or deductible expenses, when calculating the amount of income for the business year.
In the case where a domestic corporation transfers assets, etc. in a foreign currency (limited to those whose amount would be converted into the amount in Japanese yen by the conversion method at the current exchange rate if the day preceding the date of the qualified company split, etc. were the last day of a business year; hereinafter the same applies in this paragraph) to a succeeding corporation in a company split, a corporation receiving a capital contribution in kind or a corporation receiving a distribution in kind as a result of a qualified company split, a qualified capital contribution in kind or a qualified in-kind distribution (in the case of a qualified in-kind distribution, excluding a distribution of all of the residual assets; hereinafter referred to as a "qualified company split, etc." in this paragraph), the amount equivalent to the foreign exchange conversion difference pertaining to the assets, etc. in a foreign currency that would be calculated pursuant to the provisions of the preceding paragraph if the day preceding the date of the qualified company split, etc. were the last day of a business year is included in gross profits or deductible expenses, when calculating the amount of income for the business year containing the date of the qualified company split, etc.
内国法人が適格分割、適格現物出資又は適格現物分配（適格現物分配にあつては、残余財産の全部の分配を除く。以下この項において「適格分割等」という。）により分割承継法人、被現物出資法人又は被現物分配法人に外貨建資産等（当該適格分割等の日の前日を事業年度終了の日とした場合に期末時換算法によりその金額の円換算額への換算をすることとなるものに限る。以下この項において同じ。）を移転する場合には、当該適格分割等の日の前日を事業年度終了の日とした場合に前項の規定により計算される当該外貨建資産等に係る為替換算差額に相当する金額は、当該適格分割等の日の属する事業年度の所得の金額の計算上、益金の額又は損金の額に算入する。
The conversion of the amount of assets, etc. in a foreign currency into the amount in Japanese yen in the case where the foreign exchange rates fluctuate significantly, procedures for selecting a method to be used to convert the amount of assets, etc. in a foreign currency into the amount in Japanese yen, disposition of the foreign exchange conversion difference prescribed in paragraph (2) in the following business year, and other necessary matters concerning the application of the provisions of the preceding three paragraphs are specified by Cabinet Order.
When the provisions of Article 61-8, paragraph (2) (Conversion of Transactions in a Foreign Currency with the Amount in Japanese Yen Determined under a Foreign Exchange Futures Contract) have been applied to assets, etc. in a foreign currency (excluding securities not for buying and selling as prescribed in Article 61-3, paragraph (1), item (i) (Inclusion of Valuation Gains or Losses on Securities for Buying and Selling in Gross Profits or Deductible Expenses); the same applies through to paragraph (4)) that a domestic corporation holds as of the end of a business year, upon converting the amount of transactions in a foreign currency that caused the acquisition or occurrence thereof into Japanese yen, in the calculation of the amount of income for each business year between the business year containing the day on which the foreign exchange futures contract, etc. for the assets, etc. in a foreign currency was concluded (in the case where the day is prior to the date of the transactions in a foreign currency that caused the acquisition or occurrence of the assets, etc. in a foreign currency, containing the day on which the transactions in a foreign currency were conducted) and the business year containing the day on which the Japanese currency is to be received or paid due to the settlement of the assets, etc. in a foreign currency, the portion of the premium or discount on forward exchange contracts (meaning the difference between the amount of the assets, etc. in a foreign currency that is converted into Japanese yen as determined under a foreign exchange futures contract, etc. and their amount converted at the foreign exchange rate as of the time of the transactions in a foreign currency that caused the acquisition or occurrence thereof) that has been calculated, as specified by Cabinet Order, as the amount to be allocated to each of the business years (referred to as the "allocated premium or discount on forward exchange contracts" in the following paragraph) is included in gross profits or deductible expenses.
内国法人が事業年度終了の時において有する外貨建資産等（第六十一条の三第一項第一号（売買目的有価証券の評価益又は評価損の益金又は損金算入等）に規定する売買目的有価証券を除く。第四項までにおいて同じ。）について、その取得又は発生の基因となつた外貨建取引の金額の円換算額への換算に当たつて第六十一条の八第二項（先物外国為替契約等により円換算額を確定させた外貨建取引の換算）の規定の適用を受けたときは、当該外貨建資産等に係る先物外国為替契約等の締結の日（その日が当該外貨建資産等の取得又は発生の基因となつた外貨建取引を行つた日前である場合には、当該外貨建取引を行つた日）の属する事業年度から当該外貨建資産等の決済による本邦通貨の受取又は支払をする日の属する事業年度までの各事業年度の所得の金額の計算上、為替予約差額（当該外貨建資産等の金額を先物外国為替契約等により確定させた円換算額と当該金額を当該外貨建資産等の取得又は発生の基因となつた外貨建取引を行つた時における外国為替の売買相場により換算した金額との差額をいう。）のうち当該各事業年度に配分すべき金額として政令で定めるところにより計算した金額（次項において「為替予約差額配分額」という。）は、益金の額又は損金の額に算入する。
In the case where a domestic corporation transfers, as a result of a qualified company split or a qualified capital contribution in kind (hereinafter referred to as a "qualified company split, etc." in this paragraph and the following paragraph), assets, etc. in a foreign currency (limited to those to which the provisions of Article 61-8, paragraph (2) applied upon converting the amount of transactions in a foreign currency that caused the acquisition or occurrence thereof into Japanese yen; hereinafter the same applies in this paragraph) and the foreign exchange futures contract, etc. that determined the amount in Japanese yen of the assets, etc. in a foreign currency to a succeeding corporation in a company split or a corporation receiving a capital contribution in kind (referred to as a "succeeding corporation in a company split, etc." in the following paragraph), the amount equivalent to the allocated premium or discount on forward exchange contracts pertaining to the foreign exchange futures contract, etc. calculated pursuant to the provisions of the preceding paragraph, when deeming the day preceding the date of the qualified company split, etc. to be the last day of a business year, is included in gross profits or deductible expenses, when calculating the amount of income for the business year containing the date of the qualified company split, etc.
内国法人が、適格分割又は適格現物出資（以下この項及び次項において「適格分割等」という。）により分割承継法人又は被現物出資法人（次項において「分割承継法人等」という。）に外貨建資産等（その取得又は発生の基因となつた外貨建取引の金額の円換算額への換算に当たつて第六十一条の八第二項の規定の適用を受けたものに限る。以下この項において同じ。）及び当該外貨建資産等の金額の円換算額を確定させた先物外国為替契約等を移転する場合には、当該適格分割等の日の前日を事業年度終了の日とした場合に前項の規定により計算される当該先物外国為替契約等に係る為替予約差額配分額に相当する金額は、当該適格分割等の日の属する事業年度の所得の金額の計算上、益金の額又は損金の額に算入する。
In the case where assets, etc. in a foreign currency are short-term assets, etc. in a foreign currency (meaning the portion of the assets, etc. in a foreign currency for which the due date for the receipt or payment of the Japanese currency due to the settlement thereof falls on a day up to the day preceding the day on which one year has elapsed from the day following the last day of the business year (in the case where the assets, etc. in a foreign currency are to be transferred to a succeeding corporation in a company split, etc. as a result of a qualified company split, etc., from the day following the day preceding the qualified company split, etc.)), the premium or discount on the forward exchange contracts prescribed in paragraph (1) may be included in gross profits or deductible expenses, when calculating the amount of income for the business year, notwithstanding the provisions of the paragraph.
In the case where a domestic corporation has received, as a result of a qualified merger, qualified company split or qualified capital contribution in kind (hereinafter referred to as a "qualified merger, etc." in this paragraph), the transfer of assets, etc. in a foreign currency (limited to those for which an acquired corporation, splitting corporation or corporation making a capital contribution in kind (hereinafter referred to as an "acquired corporation, etc." in this paragraph) was subject to the provisions of Article 61-8, paragraph (2) upon converting the amount of transactions in a foreign currency that caused the acquisition or occurrence thereof into Japanese yen) and the foreign exchange futures contract, etc. that determined the amount in Japanese yen of the assets, etc. in a foreign currency from an acquired corporation, etc., with regard to the application of the provisions of this Article in each business year on or after the business year containing the date of the qualified merger, etc., it is deemed that the domestic corporation has been subject to the provisions of the paragraph upon converting the amount of transactions in a foreign currency that caused the acquisition or occurrence of the assets, etc. in a foreign currency into Japanese yen.
内国法人が、適格合併、適格分割又は適格現物出資（以下この項において「適格合併等」という。）により被合併法人、分割法人又は現物出資法人（以下この項において「被合併法人等」という。）から外貨建資産等（その取得又は発生の基因となつた外貨建取引の金額の円換算額への換算に当たつて当該被合併法人等が第六十一条の八第二項の規定の適用を受けたものに限る。）及び当該外貨建資産等の金額の円換算額を確定させた先物外国為替契約等の移転を受けた場合には、当該適格合併等の日の属する事業年度以後の各事業年度におけるこの条の規定の適用については、当該内国法人が当該外貨建資産等の取得又は発生の基因となつた外貨建取引の金額の円換算額への換算に当たつて同項の規定の適用を受けていたものとみなす。
The procedures when intending to seek the application of the provisions of paragraph (3) and other necessary matters concerning the application of the provisions of the preceding paragraphs are specified by Cabinet Order.