Mitsubishi Electric to Voluntarily Adopt International Financial Reporting Standards (IFRS)
21 Februar 2017 - 05:40AM
Business Wire
Mitsubishi Electric Corporation (TOKYO:6503) announced today
that it has decided to voluntarily adopt International Financial
Reporting Standards (IFRS) for its consolidated financial
statements from the fiscal year ending March 31, 2019 (April 1,
2018 to March 31, 2019), in place of U.S. generally accepted
accounting principles (U.S.GAAP), in order to enhance international
comparability of its financial information in the capital markets.
Mitsubishi Electric will disclose the consolidated financial
statements according to IFRS from the first quarter of the fiscal
year ending March 31, 2019 (April 1 to June 30, 2018).
Disclosure
Schedule for Voluntary Adoption of IFRS (subject to
change)
Fiscal 2018(ending March 31, 2018)
Consolidated financial results and Consolidated financial
statements (U.S.GAAP) Note: Consolidated financial
forecasts for the fiscal year ending March 31, 2019 will be
presented in accordance with IFRS.
Fiscal 2019 Q1–Q3(ending March 31,
2019)
Quarterly consolidated financial results (IFRS)
Fiscal 2019(ending March 31, 2019)
Consolidated financial results and Consolidated financial
statements (IFRS)
About Mitsubishi Electric
CorporationWith over 90 years of experience in providing
reliable, high-quality products, Mitsubishi Electric Corporation
(TOKYO: 6503) is a recognized world leader in the manufacture,
marketing and sales of electrical and electronic equipment used in
information processing and communications, space development and
satellite communications, consumer electronics, industrial
technology, energy, transportation and building equipment.
Embracing the spirit of its corporate statement, Changes for the
Better, and its environmental statement, Eco Changes, Mitsubishi
Electric endeavors to be a global, leading green company, enriching
society with technology. The company recorded consolidated group
sales of 4,394.3 billion yen (US$ 38.8 billion*) in the fiscal year
ended March 31, 2016. For more information visit:www.MitsubishiElectric.com*At an exchange rate of
113 yen to the US dollar, the rate given by the Tokyo Foreign
Exchange Market on March 31, 2016
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