Globe-Ing Switches to IFRS for Financial Reporting Starting May 2026 Period

TOKYO, Jul 15 (Pulse News Wire) – Globe-ing Inc. (277A.T) announced today that it has decided to adopt International Financial Reporting Standards (IFRS) voluntarily for its consolidated financial statements beginning with the fiscal year ending May 2026.

The decision was made during a board meeting held, aimed at enhancing international comparability of financial information, advancing growth strategies including mergers and acquisitions (M&A), and preparing for future global expansion. The company plans to continue reporting interim earnings under Japanese accounting standards until further notice.

However, it intends to disclose the interim results for the May 2026 fiscal period according to IFRS at a later date. For reference, the upcoming disclosure schedule includes: - Interim Report (May 2026) - Japanese Accounting Standards - Consolidated Financial Statements (May 2026) - Japanese Accounting Standards - Securities Report (May 2026) - IFRS This shift marks a significant step towards aligning Globe-ing's financial reporting with global standards, facilitating easier cross-border comparisons and strategic planning.