Update : Dec. 08, 2014
Given that, with further convergence between International Financial Reporting Standards (IFRS)and Japanese standards and the allowance of voluntary adoption of IFRS in Japan, it has become increasingly necessary for listed domestic companies to respond in a timely manner to changes in accounting standards and practices, the TSE makes it obligatory for listed domestic companies to (1) become a member of an organization or group engaged in disseminating, spreading and communicating details of accounting standards and changes in accounting standards, (2) participate in training provided by bodies that establish accounting standards, etc. and (3) make other efforts to establish systems that will enable them to gain a proper understanding of the details of accounting standards and practices and respond in a timely manner to changes in accounting standards and practices, stipulating these items as "Items Desired to be Observed" in its Codes of Corporate Conduct. Also, listed domestic companies are required to disclose the status of their membership of the Financial Accounting Standards Foundation (including approach to becoming a member in following business year or thereafter in the case of a listed domestic company that is not a member of said foundation) as of the last day of the relevant business year within three months of the end of said business year.
Thanks to the understanding of many listed domestic companies, around 93% are already members of the Financial Accounting Standards Foundation, but the TSE posts the latest membership data below with a view to early attainment of 100% membership.
(As of Dec. 01 2014)
|No. of listed companies||1,840||544||190||847||3,421|
|No. of non-members||10||32||12||177||231|
|No. of members||1,830||512||178||670||3,190|
(Note) Data will be updated monthly.
Please follow the link below for further information on the Financial Accounting Standards Foundation.
Please follow the link below for further information on the Codes of Corporate Conduct.