MS&AD Insurance Group Holdings, Inc.
Notice Regarding Voluntary Adoption of International Financial Reporting Standards (IFRS)
Resolved to voluntarily apply IFRS to consolidated financial statements from the securities report for the fiscal year ending March 2026. Quarterly financial summaries will also be disclosed under IFRS from the fiscal year ending March 2027 onward.
Key Figures
- Start of Voluntary IFRS Adoption: From Securities Report for Fiscal Year Ending March 2026
- Accounting Standards for Financial Summary for Fiscal Year Ending March 2026: Japanese GAAP (with IFRS disclosure planned later)
- Accounting Standards for Quarterly Financial Summaries for Fiscal Year Ending March 2027: IFRS Adoption Begins
AI要約
Overview of Voluntary IFRS Adoption
MS&AD Insurance Group Holdings, Inc. has resolved at its Board of Directors meeting to voluntarily adopt International Financial Reporting Standards (IFRS) for consolidated financial statements starting from the securities report for the fiscal year ending March 2026, aiming to enhance the international comparability of financial information in capital markets. The financial summary for the fiscal year ending March 2026 will be disclosed under Japanese GAAP, with subsequent disclosure also planned under IFRS. Quarterly financial summaries and semi-annual reports from the first to third quarter of the fiscal year ending March 2027 will be disclosed under IFRS.
Future Disclosure Schedule and Impact on Investors
Financial summaries, consolidated financial statements, and securities reports for the fiscal year ending March 2027 will be disclosed under IFRS. This will enable investors to access financial information that is easier to compare internationally and improve transparency. Additionally, earnings guidance for the fiscal year ending March 2027 included in the financial summary for the fiscal year ending March 2026 will be disclosed under IFRS, necessitating attention to the impact of the accounting standard change.
