TOKYO, Mar 31 (Pulse News Wire) – Azbil Corporation (6845.T) announced today that its board of directors has resolved to adopt International Financial Reporting Standards (IFRS) for its consolidated financial statements and reports starting from the first quarter of fiscal year 2027. The decision aims to unify accounting standards within the group and enhance international comparability of financial information in capital markets.
Under the new framework, the company plans to disclose interim results according to IFRS from April 2027 onwards, with the final quarter report also adhering to the same standards. Preliminary forecasts for fiscal year 2027 will be presented based on IFRS in the upcoming quarterly earnings release.
In addition, Azbil will introduce a new performance metric called “business profit,” calculated by subtracting cost of sales, selling expenses, and general administrative expenses from revenue, to reflect operational profitability more accurately. This measure will be used alongside traditional metrics to provide a comprehensive view of the company’s financial health.
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