TOKYO, Apr 13 (Pulse News Wire) – MBK CO.,LTD. (3121.T) announced today that its board of directors has decided to adopt International Financial Reporting Standards (IFRS) for its consolidated financial statements beginning with the fiscal year ending October 2026.
The move follows the company's strategic shift towards higher-yielding M&A and equity investments from its traditional real estate portfolio. The adoption of IFRS will enable MBK to more accurately reflect investment performance in its consolidated financial reports. Specifically, the changes aim to: 1. Eliminate the amortization of goodwill under Japanese accounting standards, providing a clearer picture of investment returns.
2. Include unrealized gains from investments in the consolidated financial statements, enhancing transparency and aligning with international best practices. As part of the transition, MBK plans to disclose comparative financial results based on both IFRS and Japanese standards for the fiscal year ending October 2026. However, the company does not intend to release interim earnings forecasts based on IFRS during this transitional period.
Going forward, MBK expects to fully implement IFRS for all subsequent quarterly and annual reporting cycles, aiming to enhance shareholder value through improved financial reporting standards.
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