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FOR IMMEDIATE RELEASE No. 3083
Mitsubishi Electric to Voluntarily Adopt International Financial Reporting Standards (IFRS)
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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 (ending March 31, 2018) |
Consolidated financial results and Consolidated financial statements (U.S.GAAP) | ||
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| 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) | ||
Inquiry
Investor Relations Inquiries
Corporate Finance Division
Mitsubishi Electric Corporation