Market News

Jul. 31, 2018 TSE Analysis of Disclosure in "Basic Policy Regarding Selection of Accounting Standards" [Companies whose FYs ended by Mar. 31, 2018]

Tokyo Stock Exchange, Inc. has released its analysis of disclosure in "Basic Policy Regarding Selection of Accounting Standards" for companies whose fiscal years ended by Mar. 31, 2018.

＜Summary＞
・　The combined number of "Companies that have adopted IFRS", "Companies that have decided to adopt IFRS", and "Companies planning to adopt IFRS" is 204 companies (+33 companies since previous year). The breakdown of that is as follows. "Companies that have adopted IFRS" is 161 companies (+36 companies since previous year), "Companies that have decided to adopt IFRS" is 32 companies (+5 companies since previous year), and "Companies planning to adopt IFRS" is 11 companies (－8 companies since previous year)

・　The combined market capitalization of "Companies that have adopted IFRS" and "Companies that have decided to adopt IFRS" and "Companies planning to adopt IFRS" is JPY 220 trillion, 33% (+3% since previous year) of the entire listed market capitalization as of Jun. 30, 2018 (JPY 670 trillion).

・　"Companies considering IFRS adoption" is 202 companies (－12 companies since previous year)

Note: "Since previous year" is comparison with the published material on Jul. 20, 2017 (Companies whose FYs ended by Mar. 31, 2017)