Ribomic Not Joining Accounting Standards Board Despite Recent Governance Improvements

TOKYO, Jun 24 (Pulse News Wire) – RiboMic Inc. (4591.T) disclosed on Friday that it had not joined the Accounting Standards Foundation as of March 31, 2026, citing ongoing efforts to ensure appropriate understanding and compliance with accounting standards through collaboration with audit firms and tax advisors.

The company stated that it recognizes the importance of supporting the foundation's activities but plans to re-evaluate joining once its performance improves and its business scales up. At the 23rd Annual General Meeting held on June 23, 2026, the company transitioned to becoming a committee-based auditor oversight firm, appointing external directors with extensive experience as certified public accountants to oversee internal controls related to financial reporting.

This move reflects the company’s commitment to maintaining robust governance structures despite not being part of the Accounting Standards Foundation. In addition, RiboMic emphasized its dedication to continuously improving its internal control systems and ensuring compliance with evolving accounting regulations.

The company highlighted its strategic approach towards potential future membership in the foundation based on its operational growth and enhanced financial performance.