051 Tokyo Stock Exchange’s Announcement “a survey result about preparation of IFRS”
Tokyo Stock Exchange issued on Nov. 15 a survey report about preparation of IFRS.
According to the report, there are two-thirds of companies which has started preparation to apply IFRS in the year 2015 or 2016, and quarter of companies have not started anything yet. Only 4 companies consider its early adoption.
By the way, we haven’t seen any early adopter after Nippon Denpa Kogyo Corporation, but some of them (Sumitomo Corporation and Nippon Sheet Glass Co.,Ltd.) are planning to adopt it early. However, since, like above mentioned, not so many companies consider its early adoption, those early adopters’ disclosure will be important precedents for us.
