TOKYO, Jun 16 (Pulse News Wire) – Nagase Brothers Inc. (9733.T) disclosed today that it remains unaffiliated with the Financial Accounting Standards Foundation as of March 31, 2026.
The company stated that while recognizing the importance of understanding accounting standards and their changes, it has chosen not to join due to its current operational scale and international transactions. According to the firm's statement, since its stock listing in December 1988, Nagase Brothers has maintained close cooperation with auditing firms and accounting advisors to stay informed about accounting standards and their modifications. Participation in various seminars further aids in keeping up-to-date with such standards.
However, considering factors like business size and overseas dealings, the company believes joining the foundation is unnecessary at this time. Looking ahead, Nagase Brothers acknowledged the need to properly address international accounting standards. While the company considers grasping and responding to accounting standards as a fundamental responsibility for listed companies, it currently has no plans to join the foundation.
Nevertheless, the firm intends to continue evaluating the possibility of affiliation should circumstances involving business expansion and increased foreign trade necessitate it.
🟢 Confidence: High AI-translated content.