Market News
Jul. 22, 2024 TSE Analysis of Disclosure in “Basic Policy Regarding Selection of Accounting Standards” [Companies whose FYs ended by Mar. 31, 2024]
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 March 31, 2024.
<Summary>
- The combined number of “Companies that have adopted IFRS”, ”Companies that have decided to adopt IFRS”, and “Companies planning to adopt IFRS” are 284 companies (+10 companies since previous year). The breakdown of that is as follows. “Companies that have adopted IFRS” is 272 companies, ”Companies that have decided to adopt IFRS” is 7 companies, and “Companies planning to adopt IFRS” is 5 companies. Also, “Companies considering IFRS adoption” is 132 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 491 trillion, 48.9% (+1.6pt since previous year) of the entire listed market capitalization at the end of June 2024 (JPY 1,004 trillion).
- The total number of companies listed on the Prime Market that have adopted, decided to adopt, or plan to adopt IFRS is 228 (+1 companies since previous year), accounting for 50.5% (+1.4pt since previous year) of the Prime Market capitalization (JPY 968 trillion) at the end of June 2024.
Note: “Since previous year” is comparison with the published material on July 24, 2023 (Companies whose FYs ended by March 31, 2023)
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