Decision and Details
Board of DirectorsVoluntary adoption of International Financial Reporting Standards (IFRS)
Improving the international comparability of financial information in the capital markets, facilitating dialogue with stakeholders, including overseas investors, further raising the level of group management control, and strengthening the global management platform with future business expansion in mind
Annual goodwill amortization expense of approximately ¥200 million is not expected to arise after the voluntary adoption of IFRS. The impact on the financial statements as a whole will be examined and disclosed again once finalized. If hedge accounting is applied, it may help stabilize the gross profit margin.
| Item | Details |
|---|---|
| Matter Covered | Voluntary adoption of International Financial Reporting Standards (IFRS) |
| Decision-Making Body | Board of Directors |
| Decision Date | 14 October 2026 |
| Implementation Date | First quarter of the fiscal year ending February 2029 (scheduled to begin on 1 March 2028) |
| Period Covered | From the fiscal year ending February 2029 onward |
| Amount | Annual goodwill amortization expense of approximately ¥200 million (not expected to arise after the voluntary adoption of IFRS) |
| Quantity / scale | IFRS transition date: 1 March 2027; comparative period: fiscal year ended February 2028 |
| Impact on Business Performance | Annual goodwill amortization expense of approximately ¥200 million is not expected to arise after the voluntary adoption of IFRS. The impact on the financial statements as a whole will be examined and disclosed again once finalized. If hedge accounting is applied, it may help stabilize the gross profit margin. |
| Reason | Improving the international comparability of financial information in the capital markets, facilitating dialogue with stakeholders, including overseas investors, further raising the level of group management control, and strengthening the global management platform with future business expansion in mind |
| Future plans | The company plans to prepare its earnings forecast for the fiscal year ending February 2029, scheduled to be announced with the results for the fiscal year ended February 2028, based on IFRS. The impact on the financial statements as a whole will be examined, and the details will be disclosed again once finalized. The company plans to consider its overall accounting treatment going forward, including its hedging policy. |
Items this document does not state (2)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To improve the international comparability of financial information in the capital markets, facilitate dialogue with stakeholders, including overseas investors, raise the level of group management control, and strengthen the global management platform.