Mitsubishi Electric Corporation Statement re (Adoption of IFRS) (3842X)
February 21 2017 - 2:00AM
UK Regulatory
TIDMMEL
RNS Number : 3842X
Mitsubishi Electric Corporation
21 February 2017
FOR IMMEDIATE RELEASE No. 3083
Investor Relations Inquiries Media Inquiries
Investor Relations Group, Public Relations Division
Corporate Finance Division
Mitsubishi Electric Corporation Mitsubishi Electric
Corporation
Cad.Irg@rk.MitsubishiElectric.co.jp prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/
Mitsubishi Electric to Voluntarily Adopt
International Financial Reporting Standards (IFRS)
TOKYO, February 21, 2017 - 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 Consolidated financial results and
Consolidated financial statements
(U.S.GAAP)
(ending March
31, 2018)
Note: Consolidated financial forecasts for the
fiscal year ending March 31, 2019 will be presented
in accordance with IFRS.
Fiscal 2019 Quarterly consolidated financial results
Q1-Q3 (IFRS)
(ending March
31, 2019)
Fiscal 2019 Consolidated financial results and
Consolidated financial statements
(IFRS)
(ending March
31, 2019)
###
About Mitsubishi Electric Corporation
With 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
This information is provided by RNS
The company news service from the London Stock Exchange
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