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Notice of Voluntary Adoption of International Financial Reporting Standards (IFRS)

March 23, 2018

Toyoda Gosei Co., Ltd. announces that a decision was taken at its Board of Directors Meeting today for the voluntary adoption of the International Financial Reporting Standards (IFRS) in place of the Generally Accepted Accounting Principles in Japan (Japanese GAAP) to the group consolidated financial statements.

The Group has decided to voluntarily adopt IFRS with aims to improve the international comparability of its financial information in capital markets and enhance its global business management.

Disclosure based on IFRS is planned to start from the first quarter of the fiscal year ending March 2019. The disclosure schedule is shown below.

 

Disclosure schedule (tentative) associated with the IFRS adoption

Release TimingDisclosure DocumentsAccounting standards
2018 April Summary of Consolidated Financial Results
for the Fiscal Year Ending March 31, 2018
Japanese
GAAP
May Consolidated financial statements for the Fiscal Year Ending
March 31, 2018 - pursuant to the Companies Act of Japan 
June Securities Report for the Fiscal Year Ending March 31, 2018
July Summary of Consolidated Financial Results
for the first quarter of the fiscal year ending March 2019
IFRS
August Securities Report for the first quarter
of the fiscal year ending March 2019

 

About Toyoda Gosei

Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading specialty manufacturer of rubber and plastic automotive parts and LEDs. Today, the Toyoda Gosei Group provides a variety of high-quality products internationally, with a network of approximately 100 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and leading-edge technologies for automotive safety, comfort, and environmental preservation, Toyoda Gosei is a global supplier that aims to deliver the highest levels of quality, innovation, and satisfaction to customers worldwide.