New data on voluntary IFRS adoption in Japan
18 Apr 2016
The Tokyo Stock Exchange (TSE) has released data showing that 128 companies listed on the TSE, accounting for more than a quarter of the market capitalisation, have adopted or plan to adopt International Financial Reporting Standards (IFRS). In addition, over 200 further companies are actively considering adoption.
Since the issuance of 'Japan’s Modified International Standards (JMIS)' in June 2015, there are four sets of accounting standards for consolidated financial statements in Japan: JMIS, designated IFRSs, Japanese GAAP, and US GAAP. The new data released last takes stock and shows the number and market capitalisation of companies that have adopted IFRSs or plan to do so, IFRS adoption by industrial sector, scheduled adoption dates, and the stage of progress by companies considering IFRS adoption.
Please click to access the analysis on the TSE website.
