November 10, 2016
Company: Terumo Corporation
Representative: Yutaro Shintaku, President and CEO Code: 4543, TSE Section 1
Notice Concerning Adoption of International Financial Reporting Standards (IFRS)Terumo Corporation hereby announces that it resolved, at the Board of Directors meeting held today, to adopt the International Financial Reporting Standards (IFRS) in lieu of the generally accepted accounting principles in Japan (Japanese GAAP) to consolidated financial statements for the fiscal year ending March 31, 2018.
The Terumo Group has decided to adopt IFRS in order to improve the international comparability of financial information in the capital market, enhance the accuracy of business management, and strengthen its governance across the Group through the unified accounting rules.
The disclosure schedule for the adoption of IFRS is as follows: Disclosure schedule (planned)
Accounting period | Disclosure materials | Accounting standards | |
Fiscal year ending March 31, 2018 | 1st to 3rd quarters | Quarterly financial results announcements | Japanese GAAP |
Quarterly securities reports | |||
Full-year | Financial results announcement | IFRS | |
Consolidated Financial Statements according to Companies Act | |||
Annual securities report |
Terumo Corporation published this content on 10 November 2016 and is solely responsible for the information contained herein.
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