Azbil Corporation
Notice Regarding Voluntary Adoption of International Financial Reporting Standards (IFRS)
Azbil Corporation has resolved to voluntarily apply IFRS to consolidated financial statements and consolidated reports from the first quarter of the fiscal year ending March 2027.
Key Figures
- Start of Voluntary IFRS Adoption: From the first quarter of fiscal year ending March 2027
- Accounting Standard for Fiscal Year Ending March 2026: Japanese GAAP
- Accounting Standard for Fiscal Year Ending March 2027: IFRS
AI要約
Purpose of Voluntary IFRS Adoption
Azbil Corporation aims to unify accounting standards within the group to IFRS to promote global management and enhance the international comparability of financial information in capital markets. Through this, it strives to provide investors with more transparent financial information.
Future Disclosure Schedule and Applicable Standards
Until the fiscal year ending March 2026, disclosures such as financial summaries, consolidated statements, and securities reports will be based on Japanese GAAP. From the first to third quarters of the fiscal year ending March 2027, quarterly financial summaries and semi-annual reports will be disclosed under IFRS, with year-end financial summaries, consolidated statements, and securities reports also planned under IFRS. Additionally, earnings guidance for the fiscal year ending March 2027 will be disclosed under IFRS in the financial summary for the fiscal year ending March 2026.
