Notice Concerning Voluntary Adoption of IFRS
Toyota Industries Corporation announces that it resolved, at a meeting of the Board of Directors held today to voluntarily adopt International Financial Reporting Standards (IFRS) in lieu of the Generally Accepted Accounting Principles in Japan (“Japanese GAAP”), to the Group consolidated financial statements from the fiscal year ending on March 31, 2017.
The Group has decided to voluntarily adopt IFRS in order to enhance the accounting analytical capacity in its group management, as well as to improve the international comparability of its financial information in capital market.
|Reference:||Disclosure schedule (tentative) associated with the IFRS adoption|
|April 2017||Financial Results for the Fiscal Year Ending March
|Forecasts of Consolidated Financial Results for
FYE2018 (April 1, 2017 - March 31, 2018)
|May 2017||Consolidated Financial Statements for the Fiscal
Year Ending March 31, 2017
|June 2017||Annual Securities Report for the Fiscal Year Ending
March 31, 2017