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Adoptions of IFRS Standards in Japan continues to grow

 18 April 2016


We have updated our profile on the use of IFRS Standards in Japan to reflect a growing number of adoptions.

Companies listed on the Tokyo Stock Exchange (TSE) may use Japanese Accounting Standards, Japan’s Modified International Standards, IFRS Standards, or US GAAP. Data recently published by the TSE shows that as of March 2016, 128 companies (accounting for 27 per cent of TSE market capitalisation) have adopted or plan to adopt IFRS Standards. The 128 companies include 106 companies (20 per cent of TSE market capitalisation) that have already adopted or are in the process of adopting IFRS Standards, and 22 companies (7 per cent of TSE market capitalisation) that have announced plans to adopt IFRS Standards.

An additional 213 companies (16 per cent of the TSE market capitalisation) have announced that they are considering whether to move to IFRS Standards.

All of the Jurisdiction profiles can be accessed here.





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