TOKYO, Mar 27 (Pulse News Wire) – Advanced Media,inc. (3773.T) announced today that its board of directors has resolved to adopt International Financial Reporting Standards (IFRS) for its consolidated financial statements and related documents beginning with the fiscal year ending March 2027.
The decision aims to enhance international comparability of financial information in capital markets. Under the new schedule, Advanced Media will continue to follow Japanese accounting standards for its interim reports through the fiscal year ending March 2026.
However, starting from the first quarter of the fiscal year ending March 2027, the company plans to transition fully to IFRS for all reporting purposes, including quarterly and semi-annual filings. The shift to IFRS is set to begin with the issuance of the first-quarter results for the fiscal year ending March 2027.
This move underscores the company's commitment to aligning its financial reporting practices with global standards, facilitating easier cross-border comparisons for investors and stakeholders.
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