TOKYO, Mar 30 (Pulse News Wire) – Gala Incorporated (4777.T), led by Group CEO Hyunsoo Kim, disclosed its decision not to join the Financial Accounting Standards Foundation as of December 31, 2025, citing ongoing evaluation based on its current size and operational needs. In its latest filing, the company stated that while it recognizes the importance of adhering to accounting standards and the role played by the foundation, it does not plan to join at this time due to its current scale.
However, Gala remains committed to ensuring accurate understanding and timely responses to changes in accounting regulations through close collaboration with auditing firms and active participation in related seminars. Despite acknowledging the increasing necessity for large corporations to maintain strict adherence to accounting standards, Gala continues to assess whether joining the organization aligns with its strategic objectives.
The company emphasized its dedication to maintaining robust internal controls and compliance mechanisms without formal membership.
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