FOR IMMEDIATE RELEASE
TOKYO, January 27, 2015 - Hitachi High-Technologies Corporation (TOKYO:8036, Hitachi High-Tech) today announced that it has decided to voluntarily adopt International Financial Reporting Standards (IFRS) in place of Japan GAAP for its consolidated financial statements. Hitachi High-Tech plans to apply IFRS to the presentation of the consolidated financial statements in its annual securities report for the fiscal year ending March 31, 2015 (from April
1, 2014 to March 31, 2015). Hitachi High-Tech will, however, prepare its consolidated financial
results announced as a press release and its consolidated financial statements under the Companies Act for the fiscal year ending March 31, 2015 in accordance with Japan GAAP as before.
■Disclosure Schedule Regarding Application of IFRS (Planned)
Timing of Disclosure | Disclosure material |
Late April, 2015 | Financial results for the year ending March 31, 2015 (Hitachi High-Tech's consolidated financial results for the year ending March 31, 2015 are presented in accordance with Japan GAAP but its consolidated business forecasts for the year ending March 31, 2016 are presented in accordance with IFRS.) |
Early June, 2015 | Consolidated financial statements under the Companies Act for the year ending March 31, 2015 (Japan GAAP) |
Mid June, 2015 | Annual Securities Report (IFRS) |
Shinji Ito, Aiko Matsumoto
CSR & Corporate Communications Dept., CSR Div., Hitachi High-Technologies Corporation
Tel: +81-3-3504-7813
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