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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)

Analysis of Disclosure in "Basic Policy Regarding Selection of Accounting Standards" [Companies whose FYs ended by Mar. 31, 2024] icon-pdf

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