Source disclosure: January 15, 2026
COPRO-HOLDINGS.Co., Ltd. [7059.T]
TOKYO, Jan 15 (Pulse News Wire) – Copro-holdings.co.,ltd. (7059.T) announced today that its board of directors has decided to adopt International Financial Reporting Standards (IFRS) for the consolidated financial statements in its securities report for the fiscal year ending March 2027.
The move aims to enhance the precision of investment evaluation through stricter measurement of intangible assets such as goodwill and improve comparability among market participants, thereby expanding corporate value. Under IFRS, the company expects a reduction in amortization expenses related to goodwill, which is not subject to amortization under Japanese accounting standards. This could lead to higher profit levels.
Starting from the quarter ending September 2026, interim reports will continue to follow Japanese accounting standards until the end of the fiscal year 2026. However, beginning with the first quarter of fiscal year 2027, interim reports and the annual securities report will switch to IFRS. For the subsequent fiscal year ending March 2028, all financial reporting will adhere strictly to IFRS, marking a significant shift towards international financial transparency and consistency.
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