Notice of voluntary application of International Financial Reporting Standards (IFRS)
Toyota Tsusho Corporation hereby advises that a decision was taken at today's Board of Directors Meeting for the voluntary application of the International Financial Reporting Standards (IFRS) to replace the conventional Japanese standards starting from the Consolidated Financial Statements in the Securities Report for the fiscal year ending March 31, 2017.
We will continue to apply the conventional Japanese standards in the Financial Statements for the fiscal year ending March 31, 2017 and the Consolidated Financial Statements based upon the Companies Act.
The disclosure schedule based upon the transition to IFRS is as follows.
|April 2017|| Financial Statement for Fiscal 2016
Consolidated Results for Fiscal 2016 (Japanese standards)
Consolidated Financial Results Forecasts for Fiscal 2017 (IFRS)
|May 2017||Consolidated Financial Statement for Fiscal 2016 (Japanese standards)|
|June 2017||Securities Report for Fiscal 2016 (IFRS)|