JOHNAN ACADEMIC PREPARATORY INSTITUTE,INC. [4720.T]
TOKYO, Jun 26 (Pulse News Wire) – Johnan Academic Preparatory Institute,inc. (4720.S) disclosed on June 26 that as of March 31, 2026, the company had not joined the Accounting Standards Foundation.
According to the firm's CEO, Katsuya Chishima, the decision was based on the company’s assessment of its current business size and operational environment. The company recognizes the importance of adhering to accounting standards but believes that joining the foundation is currently unnecessary due to its existing measures. These include close collaboration with auditing firms, advisory contracts with certified public accountants, and participation in seminars and training sessions organized by various related institutions.
Through these efforts, the company ensures timely awareness and appropriate responses to changes in accounting standards. Johnan Academic Preparatory Institute stated that it will continue to evaluate the situation considering future trends in accounting standards and prevailing circumstances. The company remains committed to maintaining robust financial reporting practices while assessing the potential benefits of formal membership in the Accounting Standards Foundation.
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