TOKYO, Apr 01 (Pulse News Wire) – ARCHION Co., Ltd. (543A.T) announced today that its board of directors has resolved to adopt International Financial Reporting Standards (IFRS) for its consolidated financial statements and reports beginning with the fiscal year ending March 2027.
The company will disclose its quarterly results based on IFRS starting from the first quarter of the same fiscal year. According to the press release, the decision follows the discontinuation of listing for its subsidiary, Hino Motors Ltd., which was reported according to domestic standards for the fiscal year ending March 2026.
Moving forward, ARCHION will adhere to IFRS for its interim and annual reporting, ensuring consistency and alignment with global accounting principles. The transition plan includes the issuance of quarterly earnings releases, half-yearly reports, final earnings releases, securities reports, and consolidated financial statements all based on IFRS starting from the fiscal year ending March 2027.
This move underscores ARCHION's commitment to enhancing transparency and comparability in its financial disclosures.
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