Tokyo Steel Manufacturing Not Joining Accounting Standards Body Despite Listing Requirements

TOKYO, Jun 25 (Pulse News Wire) – Tokyo Steel Manufacturing CO.,LTD. (5423.T) disclosed that as of March 31, 2026, it had not joined the Financial Accounting Standards Foundation, despite being required to do so according to Tokyo Stock Exchange regulations.

The company stated that while it does not currently plan to join the foundation, it remains committed to maintaining appropriate accounting standards through active participation in various training programs and continuous engagement with audit firms and industry bodies for updates on changes in accounting standards. Regarding future plans, Tokyo Steel Manufacturing reiterated that there are no immediate intentions to join the foundation, emphasizing their existing measures to ensure accurate financial reporting without formal membership.