Notice of Voluntary Adoption of International Financial Reporting Standards (IFRS)
Toyoda Gosei Co., Ltd. announces that a decision was taken at its Board of Directors Meeting today for the voluntary adoption of the International Financial Reporting Standards (IFRS) in place of the Generally Accepted Accounting Principles in Japan (Japanese GAAP) to the group consolidated financial statements.
The Group has decided to voluntarily adopt IFRS with aims to improve the international comparability of its financial information in capital markets and enhance its global business management.
Disclosure based on IFRS is planned to start from the first quarter of the fiscal year ending March 2019. The disclosure schedule is shown below.
Disclosure schedule (tentative) associated with the IFRS adoption
|Release Timing||Disclosure Documents||Accounting standards|
|2018||April||Summary of Consolidated Financial Results
for the Fiscal Year Ending March 31, 2018
|May||Consolidated financial statements for the Fiscal Year Ending
March 31, 2018 - pursuant to the Companies Act of Japan
|June||Securities Report for the Fiscal Year Ending March 31, 2018|
|July||Summary of Consolidated Financial Results
for the first quarter of the fiscal year ending March 2019
|August||Securities Report for the first quarter
of the fiscal year ending March 2019
About Toyoda Gosei
Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading specialty manufacturer of rubber and plastic automotive parts and LEDs. Today, the Toyoda Gosei Group provides a variety of high-quality products internationally, with a network of approximately 100 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and leading-edge technologies for automotive safety, comfort, and environmental preservation, Toyoda Gosei is a global supplier that aims to deliver the highest levels of quality, innovation, and satisfaction to customers worldwide.