Company name
Name of Representative
Contact
August 20, 2021
BeNext-Yumeshin Group Co.
Yutaka Nishida,
Chairman and Representative Director, CEO
(Code: 2154 1st Section of TSE) Hiroshi Sato
Board Director
Telephone Number | 03-6672-4181 |
Notice of Voluntary Adoption of IFRS
At the meeting of the Board of Directors held today, we have decided to voluntarily apply IFRS instead of the conventional Japanese standard based on the consolidated financial statements in the securities report for the year ended June 31, 2022.
１． Reasons for IFRS transition
We have decided to voluntarily apply IFRS with the aim of strengthening business administration and governance by improving the international comparability of financial information in the capital markets, and improving the convenience of various stakeholders, including domestic and overseas investors.
２． Disclosure Schedule for Transition to IFRS
Disclosure period | Disclosure documents | Accounting standards | |||||
(planned) | |||||||
2022 | August | Summary of Consolidated Financial Results for the fiscal year ending June 31, 2022 | Japanese standard | ||||
Consolidated Calculation Documents for the Company Law for the year ended June 31, 2022 | Japanese standard | ||||||
2022 | September | Annual Securities Report for the Fiscal Year Ending June 2022 | IFRS | ||||
2022 | November | 1st Quarter Summary of Consolidated Financial Results for the fiscal year ending June 2023 | IFRS | ||||
1st Quarter Quarterly Report for the fiscal year ending June 31, 2023 | IFRS | ||||||
(Reference)
Consolidated forecast for the fiscal year ending June 2022 under IFRS (rough estimate)
(Million yen) | ||||
JGAAP(A) | IFRS(Estimate)(B) | Difference(B-A) | ||
Net Sales | 154,000 | 148,000 | ▲6,000 | |
Operating income | 4,800 | 9,000 | +4,200 | |
Net Income | 1,700 | 6,000 | +4,300 | |
EPS | 18.74 円 | 66.13 円 | + 47.39 円 | |
- Due to the introduction of IFRS, 15 months' worth of business results in the U.K. was recorded under Japanese GAAP in order to eliminate the difference in the fiscal year-end of the U.K. business.
- The difference between Japanese GAAP and IFRS income is mainly due to amortization of goodwill.