General Announcement::Notice of voluntary adoption of International Financial Reporting Standards (IFRS)

Issuer & Securities

Issuer/ Manager
TORAY INDUSTRIES, INC.
Securities
TORAY YEN50B CB190830 - XS1069938741 - 10GB
TORAY YEN50B CB210831 - XS1069939392 - 10HB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-Mar-2019 14:02:52
Status
New
Announcement Sub Title
Notice of voluntary adoption of International Financial Reporting Standards (IFRS)
Announcement Reference
SG190327OTHRWVH9
Submitted By (Co./ Ind. Name)
Yoshitaka Shimazu
Designation
Manager, Finance Dept.
Effective Date and Time of the event
27/03/2019 14:00:00
Description (Please provide a detailed description of the event in the box below)
Toray Industries, Inc. (headquarters: Chuo-ku, Tokyo; President: Akihiro Nikkaku; hereinafter referred to as "Toray" ) hereby announces that the Board of Directors has resolved in their meeting held today that Toray will voluntarily adopt International Financial Reporting Standards ("IFRS") in place of the currently applied Generally Accepted Accounting Principles in Japan ("Japanese GAAP") and will start disclosing its consolidated financial statements under IFRS from the fiscal year ending March 31, 2021.

Please refer to the attachment for more details.

Attachments

190327_Toraynews_adoptionofIFRS.pdf
Total size =101K