HOB Not Joining Accounting Standards Organization Despite Recognition of Importance

TOKYO, Aug 07 (Pulse News Wire) – HOB CO.,LTD. (1382.T) disclosed on August 07, 2026, that as of August 07, 2026, the company had not joined the Public Accounting Foundation, which sets accounting standards.

According to the firm’s statement, there was no history of joining the organization previously either. The company acknowledged the importance of grasping accounting standards accurately and responding appropriately to changes. It noted that it currently appoints three certified public accountants as directors to ensure accurate understanding and timely responses to such standards.

Additionally, the firm maintains close ties with auditing firms and participates in related seminars to stay informed about changes in accounting standards. Regarding future plans, HOB stated that while recognizing the growing necessity of adhering to accounting standards, it does not have immediate intentions to join the Public Accounting Foundation. However, the company intends to review the decision based on future developments in accounting standards and changing circumstances.