ALLIED TELESIS HOLDINGS K.K. [6835.T]
TOKYO, May 15 (Pulse News Wire) – Allied Telesis Holdings K.K. (6835.T) announced today that its board of directors has resolved to adopt International Financial Reporting Standards (IFRS) voluntarily for its consolidated financial statements and reports beginning with the December 2028 fiscal year-end settlement.
The move aims to enhance international comparability of financial information and improve disclosure quality, thereby benefiting various stakeholders such as shareholders and investors globally. Additionally, the adoption of IFRS will unify accounting standards within the group, strengthening its operational foundation.
According to the planned schedule, interim financial results for the first quarter through the third quarter will continue to follow Japanese standards until 2028. However, the annual consolidated financial statements and securities reports for the fiscal year ending December 2028 will adhere to IFRS.
From the fiscal year ending December 2029 onwards, quarterly and semi-annual reports, as well as annual consolidated financial statements and securities reports, will also comply with IFRS.
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