SUMIDA: Investor News

Notice of Voluntary Adoption of IFRS

February 10th 2015
Press Release

Aiming to improve international comparability of the financial statements of SUMIDA CORPORATION in the capital markets and to unify accounting treatments within Sumida group, SUMIDA CORPORATION will be voluntarily adopting International Financial Reporting Standards (IFRS) in its disclosure materials from the first quarter of the fiscal year 2017 ending December 31, 2017. The tentative schedule for disclosure materials with IFRS is as follows.

Disclosure Schedule

Reporting Period Disclosure Material Accounting Standards
FY2016
ending December 31, 2016
Full-Year Earnings Report (*1.) Japanese Standards
Consolidated Financial Statements
Annual Securities Report
FY2017
ending December 31, 2017 (*2.)
1Q - 3Q

Quarterly Earnings Report IFRS
Quarterly Securities Report

Full-Year

Earnings Report
Consolidated Financial Statements
Annual Securities Report
(*1.)  The consolidated earnings forecast for FY2017 ending December 31, 2017 will be disclosed in accordance with IFRS.  
(*2.)  A separate notice will be given before adoption of IFRS to explain the differences of accounting treatments between IFRS and Japanese accounting standards.

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