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Jul. 22, 2022 TSE Analysis of Disclosure in “Basic Policy Regarding Selection of Accounting Standards” [Companies whose FYs ended by Mar. 31, 2022]

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, 2022.

＜Summary＞
・ The combined number of “Companies that have adopted IFRS”, ”Companies that have decided to adopt IFRS”, and “Companies planning to adopt IFRS” are 264 companies (+21 companies since previous year). The breakdown of that is as follows. “Companies that have adopted IFRS” is 247 companies, ”Companies that have decided to adopt IFRS” is 12 companies, and “Companies planning to adopt IFRS” is 5 companies. Also, “Companies considering IFRS adoption” is 155 companies.
・ The combined market capitalization of “Companies that have adopted IFRS” , ”Companies that have decided to adopt IFRS” and “Companies planning to adopt IFRS” is JPY 316 trillion, 45.1% (+1.1pt since previous year) of the entire listed market capitalization as of Jun. 30, 2022 (JPY 700 trillion).

Note: “Since previous year” is comparison with the published material on Sep. 8, 2021 (Companies whose FYs ended by Mar. 31, 2021)